Foreclosures Increasing in High End of Market

By John | Published: December 15, 2009

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.

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Email John if you would like to know more about buying or selling a home or condo in Dublin California or call (925) 895-2694

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