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June 28, 2011

Colfax Foreclosures Statistics Report for May 2011

The inventory of Colfax homes in preforeclosure, those homes that have received a notice of default, increased in May when compared to April and May of last year.

The inventory of Colfax homes that have received a notice of sale, which is the final stage before foreclosure auction, fell in May compared to April and May of last year.

The inventory of Colfax, California homes that have been foreclosed on and are currently owned by banks rose slightly in May compared to April and May of last year. 

Foreclosureradar.com has reported the following foreclosure statistics for Colfax in their most recent report for May 2011.

  Total Preforclosure     Total Notice of Sale Bank Owned Inventory
May 2011 45   27 49
Apr 2011 35 31 47
May 2010 41 33 46
Graph of Foreclosure Filings in Colfax,CA
Graph of Foreclosure Outcomes in Colfax,CA
Graph of Foreclosure Inventories in Colfax,CA

Colfax Bank Owned Homes for Sale

Colfax Bank Owned Homes 

  1 quarter 1 year 6 years
  Feb 11 May 11 % Change May 10 May 11 % Change May 05 May 11 % Change
For Sale 9 13 44.4% 9 13 44.4% 0 13 n/a
New Listing 5 4 -20% 5 4 -20% 0 4 n/a
Sold 2 2 0% 5 2 -60% 0 2 n/a
Pended 3 3 0% 4 3 -25% 0 3 n/a

Based off of data and graphs provided by Trendgraphix.com and Metrolist MLS, the number of bank owned homes listed for sale in Colfax in Metrolist MLS increased in May compared to February and May of last year.

The number of new Colfax bank owned homes that were added to the market in May decreased when compared to February and May of last year.

The number of Coflax bank owned homes pending in May was even when compared to February, but was down slightly compared to May of last year.

The number of bank owned Colfax homes that sold in May was even with February, but was down compared to May of last year.

Colfax Short Sale Homes for Sale

Colfax Short Sales 

  1 quarter 1 year 6 years
  Feb 11 May 11 % Change May 10 May 11 % Change May 05 May 11 % Change
For Sale 10 10 0% 6 10 66.7% 0 10 n/a
New Listing 3 6 100% 3 6 100% 0 6 n/a
Sold 2 3 50% 3 3 0% 0 3 n/a
Pended 2 3 50% 2 3 50% 0 3 n/a

Based off of data and graphs provided by Trendgraphix.com and Metrolist MLS, the number of short sales for sale in Colfax in Metrolist MLS was the same in May as it was in February, but was up when compared to May of last year.

The number of new Colfax short sale homes that were added to the market in May was up compared to the number added in February and May of last year.

The number of Colfax short sale homes pending sale was up in May when compared to February and May of last year as well.

The number of short sale Colfax homes that sold in May was up when compared to February, but was the same as the number sold in May of last year.

 

If you have any questions about the statistics provided in this report, or if you are interested in buying a foreclosure home in Colfax, please feel free to contact us at 916-728-1981.

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