San Francisco REO/Foreclosure Update

As of early June, there are 36 (same as two months ago, but down since the beginning of the year) single-family homes that have been foreclosed upon in San Francisco. This is 6.5% of the market–also down from over 8% a few months ago. These range in price from below $125,000 in the Bayview to nearly $1 million in Pacific Heights (one of the rare REOs in this exclusive neighborhood) and the Outer Richmond.

Click here for a partial list: View Listings or contact me Rebecca@RebeccaRealtor.com for a complete list.
There are 11 multi-unit buildings (up 2 since last month) in San Francisco that are foreclosures. These range from as high as over $2 million for a HUGE 3-unit building in the Haight down to less than $350,000 in Bayview Heights .

Previously, only four of our ten districts had foreclosures. Now that has more than doubled and all ten of our real estate districts (see map linkhttp://www.sfarmls.com/docs/areamaps.htm ) have REO’s (foreclosures).

Currently, there are 26 condos in foreclosure–up 25% since last month (but still lower than the beginning of the year). This is only 3.7% of the 703 condos currently on the market. These are mostly in Districts 8 (Civic Center) with 6 foreclosed condos and 9 (South of Market and South Beach) with 9 but also include senior living condos at Frank Norris Place! These range from less than $250,000 near Lake Street and the Civic Center to $750,000 in Pacific Heights .

(Please contact me for a complete list.)

And we continue to have REOs in ALL 10 of our real estate districts!!. This number has DOUBLED in the past few months!