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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (164518)11/15/2008 4:13:38 PM
From: Live2SailRead Replies (1) | Respond to of 306849
 
As you can see, the west side of the SF Peninsula doesn't have a whole bunch of people that are under water (yet). The prices in many west side areas have now been rolled back to late '05. But when they go tits up, they do it in style. I saw a 1.9M REO in the Palo Alto Hills and there's this:
Bank Owned! 18 Room Woodside Estate with views of the Redwood Trees and year round creek runs along the 1.5 secluded acres. Victorian architecture enhances each of the unique rooms. The main home is accented with gorgeous hardwood with rose accents, beveled glass windows, master suite with office or nursery and a large wrap around deck. Second unit is perfect for aupair or live in.

At 1.4M, it is currently a steal,IMO , although I don't know its exact location.

My wife was at Jiffy Lube, when she asked how business was, the reply was "Way down because people are stretching out their oil changes."



To: Jim McMannis who wrote (164518)11/15/2008 4:38:16 PM
From: Patricia TrincheroRead Replies (1) | Respond to of 306849
 
I live in that county ( Santa Clara). Our local paper had 13 homes listed that sold last week. Only two were sales from private owner to private owner ( and one of those was an estate sale ). The rest were sales from a financial institution to a private buyer. ( short sales from a foreclosure ).

We're fine, but we may sell out during the next recovery ( if there is one ).


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