Weâ€™ve had a lot of requests for lists of foreclosure properties so weâ€™re offering a link to our premiere subscription for FREE. This is the best system weâ€™ve seen for tracking distressed properties.
We subscribe to a premium service to provide information to people like yourself. Click here to see active foreclosures and ban auctions.
Our May housing graphs are now on-line if youâ€™d like to see how your marketâ€™s doing. So far, the Peninsula market if fairing relatively well with a few areas being impacted more than others. See below for the full storyâ€¦
10 Year Graph
San Carlos Year-over-Year
Redwood City Year-over-Year
San Mateo County Year-over-Year
10 Year History
Redwood Shores 10 Year History
Standard & Poorâ€™s U.S. Housing Indices
10 Year History
Getting tired of the media reporting the ill fate of the housing market? Weâ€™re not saying itâ€™s not big news. The rate of foreclosures is staggering and until the existing level of homes for sale diminishes (i.e. buyers start buying) it will only get worse. But an interesting story could be told about the areas which are not affectedâ€”and why.
Consider yourself lucky if you are living in the southern Peninsula. Cities between Millbrae and Palo Alto are far less impacted by foreclosures than their neighbors to the north. Most impacted are the areas with low housing unit costsâ€”areas that enticed first time buyers into the market in droves. These areas such as Daly City and South San Francisco have seen vales drop from $830,000 in 2006 to $650,000. Contrasted to Palo Alto for instance which has continued a steady climb in median home values in spite of the national crises.
If you wondering if your area may be hit next remember that in more affluent neighborhoods itâ€™s all about the economy and jobs. The Bay Area is lucky enough to still have ample jobs and mass layoffs that contributed to the housing decline in 1990 have not materialized.
Remember you can always visit our real estate blog to get in-depth market analysis, commentary, and even a few rants.