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Arroyo Grande Foreclosure Update

By Paul Pickering

Real Estate Agent with Bay Osos Brokers

February 09, 2010 05:41 AM

According to a recent survey from Foreclosure Radar, a leading web-based research firm that monitors foreclosures in California, the number of foreclosures in California decreased in December '09 as compared to December '08.

When comparing SLO County to other counties with in the state, however, the number of foreclosures actually went up when comparing December '08 with '09.

However, when comparing the volume of foreclosures in San Luis Obispo County with other counties within the state, SLO County barely registers. This, in large part, can be credited to the county's geographic location, but most importantly, to its ridged control over growth.

If an educated conclusion can be drawn from this industry survey, volume should be used as the most import factor as it applies to evaluating the overall health of one particular real estate market. It's also reassuring to know that cities like Arroyo Grande, and SLO County in general, seem to be weathering the foreclosure storm a lot better than many other cities within the state.

Click to View Foreclosure Radar's Survey

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