Oakland CA Homes for Sale January 2012: 55% are short sales and bank-owned

Oakland CA Homes for Sale in January 2012: 55% are short sales and bank-owned

As of today, January 13, there are 779 homes actively offered for sale.

Type Home	Regular Sale	Short Sale	Bank-owned (REO)	Total Active Listings
Detached single family homes	251	174	131	556
Condos	92	56	47	193
Townhouses	11	11	8	30
Total	354	241	186	779
As % of Total Active Lists	45%	31%	24%

As of January 2012, the current number of distressed properties actively offered for sale is 55% of total. In a previous post comparing 2011 with 2010, distressed properties (short sales and foreclosures) rose from 52% in 2010 to 54% in 2011. Smiley chart

For people looking to make a deal, this may be a good thing since distressed properties generally sell for less than market value of regular sales.

Looking for bank-owned properties

I just received an inquiry via Active Rain from someone who is relocating from Florida to the Bay area. His request: find bank-owned properties in select parts of Oakland.

Although there may be initial sticker shock for new residents coming to the Bay area, this time, their chances to find suitable homes at more reasonable prices have just gotten better.

Mobile: (510) 205-2992

Serving Alameda and Contra Costa Counties. Helping my clients with their real estate needs. Experienced and seasoned short sale agent. Call me for exceptional real estate service and results!