There continues to be a lot of press about the abundance of pre-foreclosure homes and bank owned properties available for sale. The discussion tends to focus on the “huge supply” of distressed properties that continue to erode housing values. Although it is interesting and may sell more newspapers/magazines, I think that it may be overblown…or at least overblown when it comes to the Los Altos, Los Altos Hills, Cupertino, and Mountain View markets.
Note: parts of Sunnyvale do have a larger than normal inventory of distressed properties
Below is a list of all the active short sale and bank owned listings that are for sale on our local Multiple Listing Service. Click on the links below for details. You can also elect to have these short sale and bank owned properties sent to you via a RSS feed.