Placer County Bank Owned Homes - REO Sales Statistics October - December 2008

Placer County Bank Repos for Sale

   

    

The number of bank owned homes for sale in Placer County decreased over 4% since October 9th and there are over 10% fewer bank owned homes listed compared to January 16th of last year. 

Bank repossessions now comprise 13% of the residential properties for sale in Placer County, based on a total of 2,143 residential properties for sale. This is up from 12% of the inventory on October 9th.

The least expensive bank owned home for sale in Placer County is a 840 square-foot condo in Auburn Greens in Auburn, which is listed for $53,900. The most expensive bank repo for sale in Placer County is a 8,000 square-foot partially finished home in Monte Claire in Loomis, which is listed for $2,550,000. To view the details and photos available for these bank owned homes, along with all other bank owned homes for sale in Placer County, click Placer County bank owned homes for sale.

Placer County Bank Repos for Sale

   

    

The number of bank owned homes for sale in Placer County decreased over 4% since October 9th and there are over 10% fewer bank owned homes listed compared to January 16th of last year. 

Bank repossessions now comprise 13% of the residential properties for sale in Placer County, based on a total of 2,143 residential properties for sale. This is up from 12% of the inventory on October 9th.

The least expensive bank owned home for sale in Placer County is a 840 square-foot condo in Auburn Greens in Auburn, which is listed for $53,900. The most expensive bank repo for sale in Placer County is a 8,000 square-foot partially finished home in Monte Claire in Loomis, which is listed for $2,550,000. To view the details and photos available for these bank owned homes, along with all other bank owned homes for sale in Placer County, click Placer County bank owned homes for sale.

Placer County Bank Repos for Sale

   

    

The number of bank owned homes for sale in Placer County decreased over 4% since October 9th and there are over 10% fewer bank owned homes listed compared to January 16th of last year. 

Bank repossessions now comprise 13% of the residential properties for sale in Placer County, based on a total of 2,143 residential properties for sale. This is up from 12% of the inventory on October 9th.

The least expensive bank owned home for sale in Placer County is a 840 square-foot condo in Auburn Greens in Auburn, which is listed for $53,900. The most expensive bank repo for sale in Placer County is a 8,000 square-foot partially finished home in Monte Claire in Loomis, which is listed for $2,550,000. To view the details and photos available for these bank owned homes, along with all other bank owned homes for sale in Placer County, click Placer County bank owned homes for sale.

Placer County Bank Repos for Sale

   

    

The number of bank owned homes for sale in Placer County decreased over 4% since October 9th and there are over 10% fewer bank owned homes listed compared to January 16th of last year. 

Bank repossessions now comprise 13% of the residential properties for sale in Placer County, based on a total of 2,143 residential properties for sale. This is up from 12% of the inventory on October 9th.

The least expensive bank owned home for sale in Placer County is a 840 square-foot condo in Auburn Greens in Auburn, which is listed for $53,900. The most expensive bank repo for sale in Placer County is a 8,000 square-foot partially finished home in Monte Claire in Loomis, which is listed for $2,550,000. To view the details and photos available for these bank owned homes, along with all other bank owned homes for sale in Placer County, click Placer County bank owned homes for sale.

Placer County Bank Repos for Sale

   

    

The number of bank owned homes for sale in Placer County decreased over 4% since October 9th and there are over 10% fewer bank owned homes listed compared to January 16th of last year. 

Bank repossessions now comprise 13% of the residential properties for sale in Placer County, based on a total of 2,143 residential properties for sale. This is up from 12% of the inventory on October 9th.

The least expensive bank owned home for sale in Placer County is a 840 square-foot condo in Auburn Greens in Auburn, which is listed for $53,900. The most expensive bank repo for sale in Placer County is a 8,000 square-foot partially finished home in Monte Claire in Loomis, which is listed for $2,550,000. To view the details and photos available for these bank owned homes, along with all other bank owned homes for sale in Placer County, click Placer County bank owned homes for sale.

Placer County Bank Repos Pending Sale

  

   

The number of bank owned homes pending sale in Placer County has decreased since October 9th. The number of bank owned homes currently pending sale is over 51% higher than the number that were pending on January 16th of last year.

Bank repos now comprise 52% of the residential properties pending sale in Placer County, based on a total of 452 pending sales. This is up 5 percentage points from October 9th.

Placer County Bank Repos Sold Between October and December 2008 vs. October through December 2007

  

The number of bank repos that sold in Placer County between October and December 2008 was over 172% greater than the number that sold between October and December 2007.

Placer County Bank Repos Sold Between October and December 2008 vs. July through September 2008

  

The number of bank repos sold in Placer County between October and December 2008 was nearly 13% less than the number that was sold between July and September 2008.

The average number of days that it took for a bank repo to sell was 1 day shorter between October and December than it was between July and September.

On average, between October and December banks reduced their asking prices by a larger percentage from their original asking price before a workable offer was made and they also had to reduce their asking price at the time of the offer by a larger percentage during negotiations than was necessary between July and September. The average and median discount from asking price for bank owned homes remains near 0. This means that on average, buyers of bank owned homes paid what the bank was asking.

The projected number of months of inventory of bank repos in Placer County increased from 1.46 months on October 9th to 1.75 months on January 11th. This was due to the fact that the number of bank repos sold during the 3 month period decreased by a greater rate than the number of bank repos that were listed for sale.

Bank repos comprised 47% of the residential properties sold in Placer County between October and December 2008, based on a total of 1,078 residential properties sold during the period. This is was up from 41% during the preceding quarter and 23% during the same quarter a year ago.

The least expensive bank repo that sold in Placer County between October and December was a 1,100 square-foot unfinished fixer on 12th Street in Sheridan, which sold for $50,000 after being listed for $59,900. The most expensive bank repo that sold in Placer County between October and December was a 7,540 square-foot home in Los Lagos in Granite Bay, which sold for $1,650,000 after being listed for $1,590,000.

The largest discount that was negotiated from the asking price of a bank repo sold in Placer County between October and December was a $152,400 discount negotiated on a 3,838 square-foot home in Roseville on Wringer Drive, which sold or $472,500 after being listed for $624,900. The largest percentage discount that was negotiated from the asking price on a bank repo sold in Placer County between October and December was a 24.6% discount negotiated on a 1,400 square-foot home with a property line dispute on English Colony Way in Penryn, which was listed for $187,000 and sold for $141,000.

56% of the bank owned properties sold in Placer County between October and December 2008 were sold for at or above their asking price. 79% of the bank owned properties sold within 5% of the asking price and 94% of the properties sold within 90% of the asking price. Only 1% of the bank owned homes sold for less than 80% of their asking price.

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have about a 1 in 100 chance of negotiating a sale below 80% of the banks asking price and 0 chance of negotiating a sale below 75% of their asking price.

If you have any questions regarding these statistics or if you are interested in buying a bank repo in Placer County, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.

Placer County Bank Repos Pending Sale

  

   

The number of bank owned homes pending sale in Placer County has decreased since October 9th. The number of bank owned homes currently pending sale is over 51% higher than the number that were pending on January 16th of last year.

Bank repos now comprise 52% of the residential properties pending sale in Placer County, based on a total of 452 pending sales. This is up 5 percentage points from October 9th.

Placer County Bank Repos Sold Between October and December 2008 vs. October through December 2007

  

The number of bank repos that sold in Placer County between October and December 2008 was over 172% greater than the number that sold between October and December 2007.

Placer County Bank Repos Sold Between October and December 2008 vs. July through September 2008

  

The number of bank repos sold in Placer County between October and December 2008 was nearly 13% less than the number that was sold between July and September 2008.

The average number of days that it took for a bank repo to sell was 1 day shorter between October and December than it was between July and September.

On average, between October and December banks reduced their asking prices by a larger percentage from their original asking price before a workable offer was made and they also had to reduce their asking price at the time of the offer by a larger percentage during negotiations than was necessary between July and September. The average and median discount from asking price for bank owned homes remains near 0. This means that on average, buyers of bank owned homes paid what the bank was asking.

The projected number of months of inventory of bank repos in Placer County increased from 1.46 months on October 9th to 1.75 months on January 11th. This was due to the fact that the number of bank repos sold during the 3 month period decreased by a greater rate than the number of bank repos that were listed for sale.

Bank repos comprised 47% of the residential properties sold in Placer County between October and December 2008, based on a total of 1,078 residential properties sold during the period. This is was up from 41% during the preceding quarter and 23% during the same quarter a year ago.

The least expensive bank repo that sold in Placer County between October and December was a 1,100 square-foot unfinished fixer on 12th Street in Sheridan, which sold for $50,000 after being listed for $59,900. The most expensive bank repo that sold in Placer County between October and December was a 7,540 square-foot home in Los Lagos in Granite Bay, which sold for $1,650,000 after being listed for $1,590,000.

The largest discount that was negotiated from the asking price of a bank repo sold in Placer County between October and December was a $152,400 discount negotiated on a 3,838 square-foot home in Roseville on Wringer Drive, which sold or $472,500 after being listed for $624,900. The largest percentage discount that was negotiated from the asking price on a bank repo sold in Placer County between October and December was a 24.6% discount negotiated on a 1,400 square-foot home with a property line dispute on English Colony Way in Penryn, which was listed for $187,000 and sold for $141,000.

56% of the bank owned properties sold in Placer County between October and December 2008 were sold for at or above their asking price. 79% of the bank owned properties sold within 5% of the asking price and 94% of the properties sold within 90% of the asking price. Only 1% of the bank owned homes sold for less than 80% of their asking price.

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have about a 1 in 100 chance of negotiating a sale below 80% of the banks asking price and 0 chance of negotiating a sale below 75% of their asking price.

If you have any questions regarding these statistics or if you are interested in buying a bank repo in Placer County, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.

  

   

The number of bank owned homes pending sale in Placer County has decreased since October 9th. The number of bank owned homes currently pending sale is over 51% higher than the number that were pending on January 16th of last year.

Bank repos now comprise 52% of the residential properties pending sale in Placer County, based on a total of 452 pending sales. This is up 5 percentage points from October 9th.

Placer County Bank Repos Sold Between October and December 2008 vs. October through December 2007

  

The number of bank repos that sold in Placer County between October and December 2008 was over 172% greater than the number that sold between October and December 2007.

Placer County Bank Repos Sold Between October and December 2008 vs. July through September 2008

  

The number of bank repos sold in Placer County between October and December 2008 was nearly 13% less than the number that was sold between July and September 2008.

The average number of days that it took for a bank repo to sell was 1 day shorter between October and December than it was between July and September.

On average, between October and December banks reduced their asking prices by a larger percentage from their original asking price before a workable offer was made and they also had to reduce their asking price at the time of the offer by a larger percentage during negotiations than was necessary between July and September. The average and median discount from asking price for bank owned homes remains near 0. This means that on average, buyers of bank owned homes paid what the bank was asking.

The projected number of months of inventory of bank repos in Placer County increased from 1.46 months on October 9th to 1.75 months on January 11th. This was due to the fact that the number of bank repos sold during the 3 month period decreased by a greater rate than the number of bank repos that were listed for sale.

Bank repos comprised 47% of the residential properties sold in Placer County between October and December 2008, based on a total of 1,078 residential properties sold during the period. This is was up from 41% during the preceding quarter and 23% during the same quarter a year ago.

The least expensive bank repo that sold in Placer County between October and December was a 1,100 square-foot unfinished fixer on 12th Street in Sheridan, which sold for $50,000 after being listed for $59,900. The most expensive bank repo that sold in Placer County between October and December was a 7,540 square-foot home in Los Lagos in Granite Bay, which sold for $1,650,000 after being listed for $1,590,000.

The largest discount that was negotiated from the asking price of a bank repo sold in Placer County between October and December was a $152,400 discount negotiated on a 3,838 square-foot home in Roseville on Wringer Drive, which sold or $472,500 after being listed for $624,900. The largest percentage discount that was negotiated from the asking price on a bank repo sold in Placer County between October and December was a 24.6% discount negotiated on a 1,400 square-foot home with a property line dispute on English Colony Way in Penryn, which was listed for $187,000 and sold for $141,000.

56% of the bank owned properties sold in Placer County between October and December 2008 were sold for at or above their asking price. 79% of the bank owned properties sold within 5% of the asking price and 94% of the properties sold within 90% of the asking price. Only 1% of the bank owned homes sold for less than 80% of their asking price.

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have about a 1 in 100 chance of negotiating a sale below 80% of the banks asking price and 0 chance of negotiating a sale below 75% of their asking price.

If you have any questions regarding these statistics or if you are interested in buying a bank repo in Placer County, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.

  

   

The number of bank owned homes pending sale in Placer County has decreased since October 9th. The number of bank owned homes currently pending sale is over 51% higher than the number that were pending on January 16th of last year.

Bank repos now comprise 52% of the residential properties pending sale in Placer County, based on a total of 452 pending sales. This is up 5 percentage points from October 9th.

Placer County Bank Repos Sold Between October and December 2008 vs. October through December 2007

  

The number of bank repos that sold in Placer County between October and December 2008 was over 172% greater than the number that sold between October and December 2007.

Placer County Bank Repos Sold Between October and December 2008 vs. July through September 2008

  

The number of bank repos sold in Placer County between October and December 2008 was nearly 13% less than the number that was sold between July and September 2008.

The average number of days that it took for a bank repo to sell was 1 day shorter between October and December than it was between July and September.

On average, between October and December banks reduced their asking prices by a larger percentage from their original asking price before a workable offer was made and they also had to reduce their asking price at the time of the offer by a larger percentage during negotiations than was necessary between July and September. The average and median discount from asking price for bank owned homes remains near 0. This means that on average, buyers of bank owned homes paid what the bank was asking.

The projected number of months of inventory of bank repos in Placer County increased from 1.46 months on October 9th to 1.75 months on January 11th. This was due to the fact that the number of bank repos sold during the 3 month period decreased by a greater rate than the number of bank repos that were listed for sale.

Bank repos comprised 47% of the residential properties sold in Placer County between October and December 2008, based on a total of 1,078 residential properties sold during the period. This is was up from 41% during the preceding quarter and 23% during the same quarter a year ago.

The least expensive bank repo that sold in Placer County between October and December was a 1,100 square-foot unfinished fixer on 12th Street in Sheridan, which sold for $50,000 after being listed for $59,900. The most expensive bank repo that sold in Placer County between October and December was a 7,540 square-foot home in Los Lagos in Granite Bay, which sold for $1,650,000 after being listed for $1,590,000.

The largest discount that was negotiated from the asking price of a bank repo sold in Placer County between October and December was a $152,400 discount negotiated on a 3,838 square-foot home in Roseville on Wringer Drive, which sold or $472,500 after being listed for $624,900. The largest percentage discount that was negotiated from the asking price on a bank repo sold in Placer County between October and December was a 24.6% discount negotiated on a 1,400 square-foot home with a property line dispute on English Colony Way in Penryn, which was listed for $187,000 and sold for $141,000.

56% of the bank owned properties sold in Placer County between October and December 2008 were sold for at or above their asking price. 79% of the bank owned properties sold within 5% of the asking price and 94% of the properties sold within 90% of the asking price. Only 1% of the bank owned homes sold for less than 80% of their asking price.

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have about a 1 in 100 chance of negotiating a sale below 80% of the banks asking price and 0 chance of negotiating a sale below 75% of their asking price.

If you have any questions regarding these statistics or if you are interested in buying a bank repo in Placer County, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.

  

The number of bank repos that sold in Placer County between October and December 2008 was over 172% greater than the number that sold between October and December 2007.

Placer County Bank Repos Sold Between October and December 2008 vs. July through September 2008

  

The number of bank repos sold in Placer County between October and December 2008 was nearly 13% less than the number that was sold between July and September 2008.

The average number of days that it took for a bank repo to sell was 1 day shorter between October and December than it was between July and September.

On average, between October and December banks reduced their asking prices by a larger percentage from their original asking price before a workable offer was made and they also had to reduce their asking price at the time of the offer by a larger percentage during negotiations than was necessary between July and September. The average and median discount from asking price for bank owned homes remains near 0. This means that on average, buyers of bank owned homes paid what the bank was asking.

The projected number of months of inventory of bank repos in Placer County increased from 1.46 months on October 9th to 1.75 months on January 11th. This was due to the fact that the number of bank repos sold during the 3 month period decreased by a greater rate than the number of bank repos that were listed for sale.

Bank repos comprised 47% of the residential properties sold in Placer County between October and December 2008, based on a total of 1,078 residential properties sold during the period. This is was up from 41% during the preceding quarter and 23% during the same quarter a year ago.

The least expensive bank repo that sold in Placer County between October and December was a 1,100 square-foot unfinished fixer on 12th Street in Sheridan, which sold for $50,000 after being listed for $59,900. The most expensive bank repo that sold in Placer County between October and December was a 7,540 square-foot home in Los Lagos in Granite Bay, which sold for $1,650,000 after being listed for $1,590,000.

The largest discount that was negotiated from the asking price of a bank repo sold in Placer County between October and December was a $152,400 discount negotiated on a 3,838 square-foot home in Roseville on Wringer Drive, which sold or $472,500 after being listed for $624,900. The largest percentage discount that was negotiated from the asking price on a bank repo sold in Placer County between October and December was a 24.6% discount negotiated on a 1,400 square-foot home with a property line dispute on English Colony Way in Penryn, which was listed for $187,000 and sold for $141,000.

56% of the bank owned properties sold in Placer County between October and December 2008 were sold for at or above their asking price. 79% of the bank owned properties sold within 5% of the asking price and 94% of the properties sold within 90% of the asking price. Only 1% of the bank owned homes sold for less than 80% of their asking price.

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have about a 1 in 100 chance of negotiating a sale below 80% of the banks asking price and 0 chance of negotiating a sale below 75% of their asking price.

If you have any questions regarding these statistics or if you are interested in buying a bank repo in Placer County, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.