bakersfield: Rate of Foreclosures in Kern County Holding Steady...so far! - 03/13/09 03:59 PM
Last year ended with a record number of foreclosures throughout the nation, and Kern County was no exception. See my year-end summary for detailed numbers. so far this year has been remaining fairly stable with a sharp decline from December's 663 recorded Trustee's Deeds to 487 in January. February finished with 603 foreclosures.
So, the overall rate has been fairly stable since October had 520 foreclosures, but this is the same time last year that the steep climb in foreclosures began. 2008 started with 512 foreclosures in January and continued to climb until peaking in August. That rate had been increasing … (1 comments)

bakersfield: Kern County End of Year Foreclosures Update - 01/19/09 12:11 PM
As an appraiser in Bakersfield, the rate of foreclosures is an important statistic to watch for our market conditions. Again, for the purposes of this post, foreclosures are considered to be those properties where a Trustee's Deed has been recorded, indicating that the lender has taken possession of the property. In November we posted that the rate of foreclosures in Kern County, CA was on the decline. Well, the decline came to a soft stop.
The foreclosure rate inched up in November to 550 from 520 foreclosures in October. Not too bad. Well below the high of 1,000 in August. However, … (1 comments)

bakersfield: Bakersfield home prices holding steady? - 10/26/07 10:58 AM
After posting information on the decline in average per square foot prices for Kern County, I thought I'd take a look at Bakersfield. The data here is for single family residences, however the occasional condo or manufactured home might be included because it wasn't listed correctly. Also, some new construction might slip through the cracks as well.
Looking at the sales through our local listing service, the total number of sales should end up around 2,500 lower than the 5,757 sales in 2006. However, sales have been slowing down the past few months, so the total number this year may be even … (2 comments)

 

John Fariss - Appraiser Bakersfield, CA

Bakersfield, CA

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