California Real Estate Market as of August 2012 Part 3

By
Real Estate Agent with Home Smart Evergreen Realty Calbre Lic 01200694

 

15.- California Foreclosure Funnel: 8.6 Million, 6.8 Million Mortgages and 2.07 Million Underwater

 

16.- Distress Market: 434K Delinquent, 180K in Foreclosure, 70K Bank Owned and 18K Distress Sales

 

17.- California Foreclosure Filings as of August 2012:  Notice of Trustee Sales 15,389  -22.7% Year To Day,

Notice of Defaults 16,590  -15.3 % Year To Day.

 

18.- California Foreclosure Outcome: Reo -52.3% Year To Day, Cancel -25.2% Year To Day

 

19.- California Foreclosure Inventories: Preforeclosure -20.3% Year To Day, Shcedule For Sale -22.2% Year To '

Day, Bank Owned -27.1% Year To Day

 

20.- Sales Year To Day: Equity Sales 64.7% with Median Home Price $ 448,999 ;  Reo 12.3% with Median Home

Price $185,000 and Short Sales 21.7% with Median Home Price $ 235,000

 

21.- Equity Sales in 2011: 58.7%  with Median Home Price $ 431,000 With Average Number of Offers: 4.3 and 

Percentage of Cash Sales: 25.5%.

 

On 2012 Equity Sales: 64.7% with Median Homr Price $ 448,000 and Average Number of Offers: 4.4 and 

Percentage of Cash Sales: 27.3%

 

22.- Reo Sales in 2011: 19.7% with Median Home Price $ 240,000 Average Number of Offers: 4.3 and

Percentage of Cash Sales: 34%

 

Reo Sales in 2012: 12.3% With Median Home Price $ 185,999 Average Number of Offers 4.2 and Percentage

of Cash Offers: 43.1%

 

 

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