Southern California Real Estate Market Listing Activity Report as of September 10, 2008

By
Real Estate Broker/Owner with Independent Real Estate Broker DRE#00972295

Currently there are 39, 967 Active listings in the SoCalMLS*.

The SoCal MLS has 14 different "special conditions"  which are: Auction, Bankruptcy, HUD/Govt. Owned, In Foreclosure Process*, Notice of Default*, Probate, Red-Tagged**, Relocation Corporate Owned, Short-Sale/Subject to Lender Approval, Subj to REO Company Approval, Subject to Court Approval and of course No special Condidition--which are regular sales.

Out of the 39,967 Active listings there were 20,046 listings with no special condition (regular sales)

Leaving 19, 921 Active listings under Special Condition.  Here is the breakdown of all Active Listings under each "Special Condition: 

Auction: Total number of properties found: 30

Active - 30 Properties Found  (Auction)

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Avg

2.6

1.75

1281

$252,041

$216.18

$0

$0.00

0.00%

0.00%

96

 Bankruptcy:   Total number of properties found: 25

Active - 25 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Avg

3.8

3.25

2606

$819,377

$282.70

$0

$0.00

0.00%

0.00%

94

 HUD/Government Owned  Total number of properties found: 7

Active - 7 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Avg

2.9

2.00

1514

$505,528

$317.15

$0

$0.00

0.00%

0.00%

118

Short Sales:                    Total number of properties found: 14,661*

REO/Lender Owned:    Total number of properties found:    4,380*

Notice of Default**:      Total number of properties found:   2,650*

In Foreclosure**:          Total number of properties found:      727*

Here are properties with under "other" special conditions:

Probate:                          Total number of properties found:     234

Red-Tagged:                  Total number of properties found:         4

Relo/Corporate:            Total number of properties found:      21

 *The "special Conditions" with an one (*) asterisk exceeded 250 and I decided not to spend the time to run the statistics!  But if you have a portfolio of properties in a certain County, and would like the statistics for that county, I would gladly provide that information to you.  Please feel free to call me at 323-357-9300 or cell 562-884-6196. I hope this information has help you in analyzing the state of the Real Estate Market in Southern California.

 **NOD and In Foreclosure are only reflect what has been listed on the MLS the numbers of properties under NOD and in foreclosure far exceed what is listed on the MLS.

This "Southern California Real Estate Market Listing Activity" report was prepared with the utmost care and data obtained from the So cal MLS system is deed reliable it is not guaranteed.  This report is for general information and for more specific data for your area, please feel free to contact me. 

To search the MLS, please feel free to go to my website: ReoLicensedSpecialist.com

  

http://reolicensedspecialist.com/propertysearch.html

 

 

 

Posted by

Aida Pinto (562) 884-6196
Los Angeles County
Real Estate Broker



The Real Estate Maven : https://www.facebook.com/aRealEstateMaven?ref=hl

 

Short Sale, Probate and standard real estate expert.

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