Distressed Properties: Not Our Problem

According to a recent study, things are worse everywhere else.

By Staff (Nov 03, 2009 )

There's good news for Silicon Valley's real estate market. In a study of distressed markets across the country, Real Capital Analytics found that the region has the lowest amount of distressed properties in the country, with a total value of just $556 million.

The figures cover properties valued at $5 million or more in all sectors: residential, office, industrial, and retail, as well as hotels and properties under development. This compares very favorably with San Francisco, where the total value of distressed properties is $1.8 billion, or Las Vegas, where it is $17 billion. The total amount of distressed assets in the U.S. is estimated to be $138.2 billion.
Read More at the Business Journal.