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 San Mateo County from Jan 1, 2012 until June 30, 2012 there were:
517 closed short sales
430 closed bank owned home
Total sales during this time period were 2520
Total % Short Sales: 20%
Total % REO Sales: 17%
Total Percentage San Mateo County Distressed Properties: 37%
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 Mateo County please feel free to contact me.