Monterey County Forclosure Activity Decreases

Phone: 831-214-1934 | Email: leslieles123@yahoo.com

Expert knowledge and customer satisfaction are my goals.  Extensive knowledge of this unique area. I match buyers and sellers. Tell me what you want, I will find it for you.

California Foreclosure Activity Level Decreases in April Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 55,869 California properties in April, down 7 percent activity from March and 20 percent below the level reported for April 2010, according to the latest RealtyTrac® U.S. ForeclosureMarket Report. Year-over-year foreclosure activity levels in California have declined for 17 consecutive months.

 This is great news and possibly  people are getting loan modifications, or financial situations are improving. 

Foreclosure filings were reported on 214,927 U.S.properties in California in May, a 2 percent decrease from April and a 33 percent decrease from May 2010, according to the RealtyTrac U.S. Foreclosure Market Report for May. One in every 605 housing units in the US received a foreclosure filing during the month. "Foreclosure processing delays continue to mask the true face of the foreclosure situation, although there were some clues in the May numbers of what lies behind that mask?," said James J. Saccacio, chief executive officer of RealtyTrac.

The market in Monterey County continues to be driven by many short sales and bank owned properties.  I feel this trend is due to the fact that anyone selling their house is only selling because they "need" to.  Anyone who may "want to sell" is waiting until prices either bottom or go up.  Have we hit bottom in Monterey County?  I don't have the answer, I am not a financial analyst.  What do I see? I see that prices are leveling off, there are some great prices on homes.  I see that prices make sense...in my opinion, I see home prices are at about the same level they were at about 10 years ago.  If you want to sell and move up, change neighborhoods in Monterey County, it may make sense. You may sell low, but then you can buy low as well...it is all relative. 

If you are curious about the value of your home, want to know what is available for sale, or just like looking at houses, click here for your free personalized market report.

http://www.homeinsight.com/Widget/default.asp?KB1NW0RFEQXM

 MONTEREY COUNTY FORECLOSURE STATISTICS FOR MARCH 2011

NOTICE OF DEFAULT FILINGS: 311

NOTICE OF TRUSTEES SALE: 247

REOs BANK OWNED PROPERTIES:  101

I am a local born and raised Monterey County resident.  I would love to answer any questions you may have about buying or selling real estate in Monterey County