Live In Los Gatos

Blog by Mary Pope-Handy

Los Gatos, California

Los Gatos real estate, neighborhoods, condos, houses, homes, market trends, history, events, lifestyle, parks, events, businesses, home, Mary Pope-Handy

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Live In Los Gatos

Snapshot of Short Sale Listings in Silicon Valley - Updated

Apr. 15, 2008

Categorized in: Homes & Housing Market

Tagged with: san jose, santa clara county, short sales, silicon valley

Why do short sales matter so much? In a nutshell, "Silicon Valley short sales" are a precursor of real estate price drops. That is, where you find a lot of short sales, you will see "downward pressure" on pricing. Where you see few or no short sales, you will not find this same pressure.

Most short sales do NOT sell before going to foreclosure. There's a lot of hype about buying your first home in San Jose as a short sale to save money, but there's no savings if you wait three months and the lender never approves the deal. (Or just as bad, the lender waits so long to say yes that the home is no longer worth what you offered on it.)

Below please find a list of homes being marketed as short sales in Silicon Valley.

What trends do YOU see?

Active Listings of Short Sale Single Family Homes, Condos, Townhouses

	3/26/2008	4/8/2008	4/15/2008
Los Gatos	5	8	9
Monte Sereno	1	0	0
Saratoga	0	0	1
Los Gatos Mtns	3	2	3
Cambrian Park	59	73	53
Santa Clara	56	68	59
Campbell	13	23	28
Cupertino	1	3	2
Los Altos	0	1	1
Sunnyvale	50	69	54
Blossom Valley	196	251	200
San Jose (all)	1534	1882	1667

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Snapshot of Short Sale Listings in Silicon Valley

Apr. 8, 2008

Categorized in: Homes & Housing Market

Tagged with: cambrian park, los gatos, monte sereno, san jose, saratoga, short sales, trends

Short sales are on the rise in Silicon Valley. Note the change of active listings identified as short sales in just the last 13 days! The list below does not include pending sales.

Silicon Valley Short Sales - Data from MLSListings.com (REIL)