Foreclosed Homes: How Many Are There In Redwood City?

Realty Trac releases latest information on number of foreclosures, how many are for sale and what they're selling for.

Redwood City has 198 homes still in some stage of foreclosure and Woodside has 42, according to information released Thursday by Realty Trac. Of those, 28 houses are currently for sale in Redwood City.

The median sale price for a foreclosure home in Redwood City was $648,000 in March. That compares with a median price of $860,000 for all homes sold in the city. In Woodside, data about sale prices was not available.

Foreclosed homes appear to be getting cleared from the market. Between August 1 and March 31, there were 881 homes sold in Redwood City and 300 in Woodside.

Overall, the number of homeowners entering the foreclosure process is declining in the area. In April, the number of properties that received a foreclosure filing in Redwood City fell by 5 percent from the previous month and was 62 percent lower than March of last year, according to Realty Trac.

The Realty Trac website also contains a list of most of the foreclosed homes now sitting in Redwood City. There also is a list for Woodside.

Here are the foreclosure figures for communities in San Mateo County. The numbers are current through April 30. The recently sold figures are from August 2012 to March 31, 2013. Current foreclosures do not include homes recently sold.

City All Foreclosures For Sale Recently Sold Atherton 4 1 111 Belmont 14 18 227 Foster City
50 11 297 Half Moon Bay
37 10 174 Menlo Park
48 7 575 Pacifica 87 19 284 Redwood City
198 28 881 San Carlos
35 14 330 San Mateo
238 37 1,185 Woodside 42 13 300

San Mateo County

unavaliable 241 5,894

The Realty Trac website also includes information on foreclosed homes in every county and city in the country.

Realty Trac reported foreclosures across the country were down 5 percent in April from the previous month. Foreclosures also decreased 23 percent from April 2012. Total foreclosure activity in April was at its lowest level since February 2007.

Cliff Keith May 10, 2013 at 05:59 PM
We have seen a reduction in REO's and Short Sales in Redwood City. In fact, for the past 7 days there have been NO new listings or sales of REO's or Short Sales homes. More details here: http://sfbayhomes.com/market-trends-redwood-city-real-estate-may-10-2013/
Vanessa Castañeda May 10, 2013 at 06:20 PM
Interesting. What does REO stand for?
Cliff Keith May 10, 2013 at 07:17 PM
REO stands for Real Estate Owned, which is a term lending institutions used to describe their real estate assets. Most know it as bank owned or foreclosure property.
Vanessa Castañeda May 10, 2013 at 07:20 PM
I see. GTK.


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