Distress Property Stats November 2016

Reblogger Peter Mohylsky

Distressed properties still lurk in the shadows of most markets. Appreciation over the year has been modest in most markets.  The lack of inventory is reflected in the declining numbers of distressed sales.  

Original content by John Pusa CBRE #01044712

In December of 2016, ATTOM Data Solutions parent of Realtytrac.com reported there were 870,203 distress properties in November of 2016 declined 18.0% from October of 2016, and fell 17.0% from November of 2015. One in every 1,526 U.S. properties with a foreclosure filing, and State of New Jersy was the highest with one in every 597 housing units in foreclosure filing in October of 2016. While, pre-foreclosures were 26.6%, auctions were 36.7%, and REOs were 36.7%; in November of 2016.

Pre-foreclosures fell 16.0% in November of 2016 from October of 2016, and down 16.0% from November of 2015. Auctions declined 27.5% in November of 2016 from October of 2016, and lower 12.8% from November of 2015. REOs decreased 7.2% in November of 2016 from October of 2016, and dropped 21.1% from November of 2015.

For complete more detailed information about RealtyTrac.com distress properties stats for November of 2016, please CLICK HERE

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214


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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Peter Mohylsky Glad you find the report useful. Thanks for re-blog.

Dec 26, 2016 05:21 PM #1
Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

This is interesting data for your area.  Thanks for sharing.

Dec 27, 2016 12:27 PM #2
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Peter.  Distressed sales are now only a very small fraction of my market as compared to a few years ago.

Dec 27, 2016 04:17 PM #3
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Happy New Year to you Peter. I know you will have a very productive year.

Jan 02, 2017 09:49 AM #4
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


The inventory of distress properties for sale are moving in the right direction . . . . downward.

Good luck and success.

Lou Ludwig

Jan 02, 2017 07:00 PM #5
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Peter Mohylsky

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