August 2008 Troubled Sellers Update Part I – Atherton to East Palo Alto

The later part of August was quite busy for me again so I didn’t update this blog as much as I would have liked to, but I still managed to gather the data for August’s home sellers in trouble.  The general vibe I am getting is that a lot of these troubled homes are being sold recently so the number of active troubled properties seem to be holding still.  Anyway, here is the data for Atherton through East Palo Alto

City of Atherton

Atherton currently has no active home sellers in trouble.  There are a couple properties that are selling only slightly above their last prices, but they’re not technically in trouble.

City of Belmont

On 8/31 seven properties are in trouble, and one of them is  pending. The newest additions are 2002 Forest Ave and 1134 North Ct (this property is pending). Another property of interest at 15 Kittie Ln, as expected, this property came back on the market after being taken off last month.

Raw data available: belmont831.csv

City of Brisbane

Brisbane had a bit of an increase in troubled properties and now the total is 7.  The newest troubled listing is a condo at 211 Swallotail Ct, and the property with the largest loss is 45 Lupine Valley Ct with a listing price of $400000 below its last sale price.

Raw data available:  brisbane831.csv

City of Burlingame

This month the number of troubled properties rose from 3 to 7 in Burlingame.  Several homes over the $1 million mark dropped their prices.  The newest price reduction happened to 340 Occidental Ave, and now it is below its 2006 sales price. Additionally, an old favorite at 123 Fey Dr was relisted for $1895000.

Raw data available: burlingame831.csv

City of Colma

Two troubled properties left on B Street! They are 531 B St and 528 B St.

Additionally, 321 Hoffman St was listed in August for more than $130k below its last sale price.

City of Daly City

The number of troubled properties in Daly City is now 187, and that’s a decrease of 1 from last month.  Sales data shows that a lot of troubled properties were bought in July and quite a few went for over the asking price.  The biggest loser in August  by dollar amount is 310 A St.

Anyway, here’s the full data: dalycity831.csv

East Palo Alto

East Palo Alto didn’t receive very many new listings, and additionally a lot of listings went off market.  The total number of troubled homes is now 93, and that’s down from 103 since last month.   The biggest loser by far is 1175 Cypress St, which is down $401k since its last sale.

Raw data available: epa831.csv

More to come!

September 3, 2008 | Filed Under City of Atherton, City of Belmont, City of Brisbane, City of Burlingame, City of Colma, City of Daly City, City of East Palo Alto, Loss: > 40%, Updates 

Comments

One Response to “August 2008 Troubled Sellers Update Part I – Atherton to East Palo Alto”

  1. peninsula renter on September 6th, 2008 9:51 pm

    You can add – 530 EL CAMINO REAL #106, Burlingame to your list.

    530 EL CAMINO REAL #106 Burlingame, CA 94010
    Price: $399,000
    Beds: 1
    Baths: 1
    Sq. Ft.: 957
    $/Sq. Ft.: $417

    Date Price Appreciation
    Feb 16, 2001 $400,000
    Aug 30, 2005 $485,000

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