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Marcy Moyer C.D.P.E.

Blossom Valley Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Blossom Valley Neighborhood of San Jose. So here's what happened:

Single family and condo townhomes :

Total sales: 1141

Short Sales: 412

REO: 271

Distressed sales as a percentage of total sales: 59.8%

Compare to 2010

Total sales: 1125

Short Sales: 366

REO: 271

Distressed sales as a percentage of total sales: 56.6%

My conclusion:

The percentage of distressed properties in Blossom Valley is a little higher in 2011 over 2010. A 59% distressed property sale percentage is enough to affect values significantly. This may be one of the reasons home prices in San Jose are predicted to fall a little in 2012 while other parts of the Silicon Valley are appreciating.

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

Almaden Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Almaden Neighborhood of San Jose. So here's what happened:

Single family and condo townhomes :

Total sales: 355

Short Sales: 39

REO: 20

Distressed sales as a percentage of total sales: 16.6%

Compare to 2010

Total sales: 384

Short Sales: 28

REO: 14

Distressed sales as a percentage of total sales: 10.9%

My conclusion:

The percentage of distressed properties in Almaden is higher in 2011 over 2010. While a 16.6% distressed property sale percentage is probably not enough to affect values, i think the increase may be indicative of a nationwide trend of higher priced homes being the fastest growing distressed segment. Many of these higher priced homes were purchased with no down payment and interest only loans. When the interest only loan period is up the payments can double. With no equity refinancing is not possible, and some of these home owners are in trouble.

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

Cambrian Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Cambrian Neighborhood of San Jose. So here's what happened:

Single family and condo townhomes :

Total sales: 656

Short Sales: 130

REO: 89

Distressed sales as a percentage of total sales: 33.45

Compare to 2010

Total sales: 750

Short Sales: 114

REO: 104

Distressed sales as a percentage of total sales: 29%

My conclusion:

The percentage of distressed properties in Cambrian is higher in 2011 over 2010. Also a 34% distressed property sale percentage is absolutely probably not enough to affect values. What is interesting is the the number of short sales in 2011 went up as the number of REOs went down from 2010 as banks have been more wiiling to approve short sales. This is being seen all over the bay area.

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

Los Gatos Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Gatos. So here's what happened:

Single family and condo townhomes :

Total sales: 421

Short Sales: 42

REO: 24

Distressed sales as a percentage of total sales: 15.7%

Compare to 2010

Total sales: 489

Short Sales: 36

REO: 38

Distressed sales as a percentage of total sales: 15.1%

My conclusion:

The percentage of distressed properties in Los Gatos is virtually the same between 2011 and 2010. Also a 15% distressed property sale percentage is absolutely probably not enough to affect values. What is interesting is the the number of short sales in 2011 went up as the number of REOs went down from 2010 as banks have been more wiiling to approve short sales.

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

Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales

Milpitas Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Milpitas. So here's what happened:

Single family and condo townhomes :

Total sales: 513

Short Sales: 150

REO: 112

Distressed sales as a percentage of total sales: 51.1%

Compare to 2010

Total sales: 535

Short Sales: 131

REO: 140

Distressed sales as a percentage of total sales: 50.1%

My conclusion:

The percentage of distressed properties in Milpitas is virtually the same between 2011 and 2010. Also a 50% distressed property sale percentage is absolutely large enough to affect values. What is interesting is the the number of short sales in 2011 went up as the number of REOs went down from 2010 as banks have been more wiiling to approve short sales.

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