Foreclosures Increasing in High End of Market
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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