Distressed properties still represent the greatest opportunity to create cash flow properties for most investors. However, knowing the trends in Foreclosures should help most investor identify the best markets to target for acquisition. For instance, foreclosure filing in Santa Clara county have dropped 41% according to Foreclosure Radar which tracks the Foreclosure activity across several Western States. However, the notice of Sales have increased by 38% which could be an indicator that the number of foreclosures could increase in the coming months.
Does this mean there are no good investment opportunities in Santa Clara county!? Our answer is a resounding no since we have a Willow Glenn Short Sale listing that with great potential for rental income and perhaps a flip after some repairs.
Closer to home in Los Gatos, the picture is improving due to Great Public School where the demand continues to outpace the inventory of available homes for sale. The chart blow shows that a huge spike starting in November 2012 had a sharp decline in January 2013. The number of pre-foreclosures or Notice of Defaults filed in Los Gatos has declined 90% compared to 2012.
In fact, in the 95032 zip code of Los Gatos home are selling at 110% of listing prices with multiple offers within days.
If you are still looking for Distressed properties, you can visit our Foreclosure Listing page to locate distressed properties in Los Gatos. You can also contact us if you need help finding Distressed properties.