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Santa Clara County Foreclosure Update 2013

If you are looking for a bank owned home in Santa Clara County don't hold your breath. The number of foreclosures in Santa Clara County have plummeted in 2013. Here are the numbers:
Bank Owned Single Family Homes:
Active listings: 13
Pending sales: 18
Closed Escrow in 2013  163
Total single family homes in Santa Clara County
Active listings: 1215
Pending Sales: 1665
Closed escrows in 2012:  4982
 The percentage of single family homes that are foreclosures are:
Active listings: 1 Percent
Pending Sales: 1 Percent
Closed Sales: 3 Percent
 
Bank Owned Condos/Townhomes
Active listings: 10
Pending sales: 16
Closed sales in 2013: 2026
 
Total Townhome Sales in 2013
Active listings: 384
Pending Sales: 673
Closed Sales 2013
 
Percentage of townhomes that are foreclosures
Active listings 2.6%
Pending sales: 2.4%
Closed sales in 2013: 3.3%
 
Total Sold Foreclosures in 2013: 231
Total Sold foreclosures in the last 6 months of 2012: 579
What do these numbers tell us? Foreclosures are down, by a lot. There are less than half the number of bank owned homes sold in the first six months of 2013 compared to the second six months of 2012. Additionally there are fewer active ... more

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