market report: 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 … (2 comments)
market report: 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 … (1 comments)
market report: Will the bleeding ever stop? - Foreclosures and Defaults in Kern County - 07/10/08 01:44 AM
If defaults and foreclosures don't slow down, falling home prices won't stabilize anytime soon in Kern County.
Notices of default have been steadily increasing since May of 2005, and foreclosures have been increasing since July of 2006. From May 2005 to July 2006, most homeowners in dire straits could probably either … (0 comments)
market report: Bakersfield Housing Activity - 10/27/07 10:21 AM
In a prior post I estimated that Bakersfield will end up with around 6,200 sales of single family homes for the year, which is about 40% lower than 2006. I just looked at the number of homes currently listed - 3,993! Wow. There is almost a full year's worth of inventory … (2 comments)
market report: 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 … (2 comments)
market report: Kern County market conditions - 10/25/07 06:00 PM
The average price per square foot in Kern County peaked in 2006 around $183. As of last month, the average has dropped to $151. That's a decline of nearly 17.5% over the past year. We've been on a steady decline for the past 6 months losing about 1.5% each month. These … (0 comments)
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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 … (2 comments)
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