San Mateo Home Sellers in Trouble #11 - Another 135 Distressed Properties

Wow, spring is almost upon us, and there are more San Mateo Home Sellers in Trouble, too. This is the most distressed properties I have ever seen in a 4 week period. 135 properties is almost 30% of all the listings in our small county.

Total Count of San Mateo Home Sellers in Trouble for 2/11/2008 to 3/09/2008: 135

Average Time from Last Sale Date: 1.65 Years

Average Annualized Loss: 19.1%

Average Absolute Percentage Loss: 15.76%

Average Size of Home: 1228

Average Price Per Square Foot: $467.47

Biggest Losers : 330 Wisteria Dr in East Palo Alto with an annualized loss of 99% and 2568 Illinois Ave in East Palo Alto with an absolute loss of 48.35%

I have decided that I may start a different blog and update it more frequently to record these properties. The blog would be a good service to my community and it would be easier to navigate than these spreadsheets. Each home will have its own post and I can categorize the homes much better via blog categories!

Anyway, today I read a really good article by a teenage girl about the foreclosure situation: Teen columnist: For adults, foreclosure is payback time. I am glad to see there is still hope for the younger generation!

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