San Carlos Distressed Property Watch 2011

It's the end of the year so time for the round-up of distressed property sales in San Carlos. So here's what happened:

Single family and condo townhomes :

Total sales: 357

Short Sales: 24

REO: 18

Distressed sales as a percentage of total sales: 11.7%

Compare to 2010

Total sales: 312

Short Sales: 17

REO: 10

Distressed sales as a percentage of total sales: 8.6%

My conclusion:

The percentage of distressed properties in San Carlos is a higher in 2011, 11.7% as compared to 2010, 8.6%. However, at this point the percentage is still ow enough not to have a major effect on property values.

If you have any questions about short sales or bank owned homes please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194