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It's time for the short sale/vs REO round-up for the first half of 2012. Today I will do the entire county, and then will break down the numbers by city.
So, in Santa Clara County from Jan 1, 2012 until June 30, 2012 there were:
1783 closed short sales
1099 closed bank owned home
Total sales during this time period were 8201
Total % Short Sales: 21.7
Total % REO Sales: 13.4%
Total Percentage Santa Clara County Distressed Properties: 35.1%
This is still a significant number in terms of percentages and at this percentage they are bound to have an effect on the overall market.
If you have any questions about short sales or foreclosures in San Santa Clara County please feel free to contact me.
Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Short Sales and Trust and Probate Sales