That depends. If you read my last blog you will see it is correct in the single family homes under $300K for Santa Clara County. However, the percentage changes dramatically as the price of the home increases.
|Type of Sale||under 300K||300k-500K||500-750K|
So if you are a buyer not wanting to hassle the long wait for the short sale process you will probably need to get in the $500K+ range.