Inventory is surprisingly Low. There are only 2047 active residential listings in all of Santa Clara and San Mateo Counties combined. These are record low numbers.
There are currently 48 fixer uppers in Santa Clara and San Mateo Counties. If you are interested in purchasing a fixer upper contact LocalVector.com we have the local knowledge and bay area contacts you will need.
Distressed properties in Santa Clara and San Mateo Counties is currently at about 7% (down from 10% in the Fall of 2012)
So what does all this mean to you? If you are interested in selling this is a classic sellers’ market. If you are interested in buying the data suggests that prices should be steadily rising.
During the recession the Real Estate market was dominated by short-sales and foreclosures. These types of sales are virtually non-existent in the current market.