Short Sales & Foreclosures Update

Short Sales & Foreclosures Are Increasing in Blackhawk, Alamo & Other High End Communities

Most, if not all, real estate experts, professionals and pundits monitoring the local housing markets in the East Bay are predicting a price correction in the high end of the East Bay housing market. Looking at recent data from the Contra Costa MLS – it appears that the correction is starting to impact high end markets like Blackhawk, Diablo, Alamo and others.

Total Active – San Ramon, Danville, Alamo = 150
Total Pending
101
40%
Pending Distressed
55
54%
45 Day Pend Distressed
21
38%
Active Non Distressed
117
Active Distressed
33
22%
Pending Non Distressed
46
Alamo
Distressed
Total Inventory
104
34%
Total Active
88
Total Pending
34
33%
Pending Distressed
19
56%
45 Day Pend Distressed
12
63%
Active Non Distressed
72
Active Distressed
16
18%
Pending Non Distressed
15

Distress sales are accounting for about 70% of recent transactions in San Ramon.

Search the MLS for Homes for Sale

Search for Foreclosures in Contra Costa County East

Search for Foreclosures I-680 Corridor

Our FREE In-Depth East Bay Real Estate Market Reports updated weekly, break real estate data down by zip code and price point. These are the best “real time” sources of data you can get for your local market.

Email Craig if you would like to know more about buying or selling a home or condo (925) 984-4910.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: