We like to plot data on maps so that you can see what's happening. It tells a more descriptive story than trying to visualize what a list looks like. Below is our map of Notices of Default (NODs) that have occurred in the past 15 days (supplied to us from a title company).
As you will see, the majority of the NODs are in:
- San Marcos
- Vista
- Oceanside
- Escondido
There were just a few in Carlsbad and a couple in Del Mar, but only a couple. You know that where the defaults are occurring is where trouble is brewing in the home market. It's not that you can't buy a good home in any of those locations, it's just that you need to use a lot of care or you could really see your home value tumble over the coming year. Here's the map:
This is the detached map of NODs. We also have NOD maps for condos/attached. Call us if we can help.
John Hokkanen, Encinitas Real Estate
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