REOs (Foreclosures)

As of early November, there are 41 (down just under 7% from three months ago) single-family homes that have been foreclosed upon in San Francisco. This is slightly less than 8% of the market--the same as most of this year.

These range in price from below $250,000 in the Bayview and Excelsior to nearly $2.4 million in the Marina. This the first time that I have seen an REO in the prestigious Marina neighborhood and also the 1st time in recent months that there have been no REO houses under $200,000!

Click here--> Current REO/Foreclosure Listings in San Francisco for a partial list or contact me Rebecca@RebeccaRealtor.com for a complete list and more information.

Previously, only four of our ten districts had foreclosures. Now that has more than doubled and all ten of our real estate districts (see map linkhttp://www.sfarmls.com/docs/areamaps.htm ) have REO's (foreclosures).

(TO BE UPDATED SOON)

Currently, there are 31 condos in foreclosure--up again over 20% since last month). This is only 5.7% of the 547 condos currently on the market. (This percentage is higher as the number of condos n the market has declined from over 700 a few months ago.) These are mostly in Districts 8 (Civic Center) with 10 foreclosed condos and 9 (South of Market and South Beach) also with 10 REOs but also include senior living condos at Frank Norris Place! These range from $140,000 for a FiDi BMR and $195,000 in the Civic Center to just under $1,900,000 at the prestigious Montgomery Washington Tower!

(Please contact me for a complete list.)

And we continue to have REOs in ALL 10 of our real estate districts!!. This number has DOUBLED in the past few months!

There are 10 multi-unit buildings (down 1 since last month) in San Francisco that are foreclosures. These range from as high nearly $2 million for a 3-unit property in desirable Cow Hollow down to less than $500,000 in the Excelsior and Bayview Heights .

Feel free to call 415-412-1977 or email me Rebecca@RebeccaRealtor.com for a current list of of any property types or neighborhoods you are interested in.

Please be realistic as the median sales price for July 2011 was $750,000 for houses and $627,150 for condos. IF you only want to spend $300,000; be prepared to pay cash and get something that needs a lot of work and/or is NOT in the most desirable neighborhood and/or may have tenants and/or may be very small. And, you may have to pay over asking!!

IF you are realistic, I can help you to obtain a good deal on either a foreclosure or a short sale. We are currently in a Seller's Market and you are competing against other motivated buyers and investors.

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REOs (Foreclosures)

Rebecca White