Placer County Bank Owned Homes - REO Sales Statistics July - September 2009

Placer County Bank Repos for Sale

 

The number of bank owned homes for sale in Placer County is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 is exactly the same as it was on July 26th. However, there are over 42% fewer bank owned homes listed today in Placer county than there were on October 9th of last year.

Many believe that this decline is due primarily to state and federal leaders pushing many of the large lending institutions to attempt loan modifications and short sales with home owners before proceeding to foreclosure. 

This appears to be the case when looking at www.fidelityasap.com, which posts trustee's sale data. Most of the foreclosures scheduled recently have been postponed by the beneficiary, which is the lending institution. Many of these properties are currently listed as short sales.

Bank repossessions now comprise 8% of the residential properties for sale in Placer County, based on a total of 2,251 residential properties for sale. This is approximately the same percentage of the market as recorded on July 26th.

The least expensive bank owned home for sale in Placer County is a 1,116 square-foot home on H Street in Lincoln, which is listed for $69,900. The most expensive bank repo for sale in Placer County is a 16,200 square-foot home on Polo Ranch Place in Granite Bay, which is listed for $3,450,000. 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 July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.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 July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.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 July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.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 July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.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 July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.com or leave a comment below.

   

The number of bank owned homes pending sale in Placer County has decreased since July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.com or leave a comment below.

   

The number of bank owned homes pending sale in Placer County has decreased since July 26th. The number of bank owned homes currently pending sale is over 31% lower than the number that were pending on October 9th of last year.

Bank repos now comprise 30% of the residential properties pending sale in Placer County, based on a total of 700 pending sales. This is 3 percentage points lower than July 26th.

Placer County Bank Repos Sold Between July and September 2009 vs. July through September 2008

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.com or leave a comment below.

  

The number of bank repos that sold in Placer County between July and September 2009 was over 28% lower than the number that sold between July and September 2008.

Placer County Bank Repos Sold Between July and September 2009 vs. April through June 2009

The number of bank repos sold in Placer County between July and September 2009 was less than the number that were sold between April and June 2009.

The average number of days that it took for a bank repo to sell was 14 days shorter between July and September than it was between April and June.

On average, between July and September 2009 banks accepted offers that were slightly greater than their asking price, while they accepted slightly less than they were asking between April and June 2009. 

The projected number of months of inventory of bank repos in Placer County increased from 1.17 months on July 26th to 1.23months on October 26th.

The least expensive bank repo that sold in Placer County between July and September 2009 was an 840 square-foot condo on Opal Drive in Auburn, which sold for $50,000 after being listed for $49,900. The most expensive bank repo that sold in Placer County between July and September 2009 was a 4,939 square-foot home on Winchester Club Drive in Winchester Country Club in Meadow Vista, which sold for $1,088,000 after being listed for $1,195,000.

The largest percentage discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a 26% discount negotiated on a 1,008 square-foot home in Applegate on Crother Road, which sold or $94,500 after being listed for $129,900.

The largest dollar discount that was negotiated from the asking price of a bank repo sold in Placer County between July and September was a $180,000 discount negotiated on a 7,224 square foot home on 11 acres on Laird Road in Loomis, which sold or $1,020,000 after being listed for $1,200,000. 

63% of the bank owned properties sold in Placer County between July and September 2009 were sold for at or above their asking price. 85% of the bank owned properties sold within 5% of the asking price and 95% of the properties sold within 90% of the asking price. 1 bank owned homes sold for less than 80% of its asking asking price, which is the property mentioned above on Crother. 

If you are looking to submit low ball offers on bank owned properties, be prepared to get rejected 99.8% of the time. Based on the bank owned sales in Placer County over the past 3 months, you have less than a 1 in 400 chance of negotiating a sale below 80% of the banks 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@patrickhake.com or leave a comment below.