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July 25, 2011

Fair Oaks Foreclosures Statistics Report for June 2011

The inventory of Fair Oaks homes in preforeclosure, those homes that have received a notice of default, decreased substantially in June when compared to May and June of last year.

The inventory of Fair Oaks homes that have received a notice of sale, which is the final stage before foreclosure auction, fell in June compared to May, and fell as well when compared to June of last year.

The inventory of Fair Oaks, California homes that have been foreclosed on and are currently owned by banks increased in June when compared to May of this year and June of last year. 

Foreclosureradar.com has reported the following foreclosure statistics for Fair Oaks in their most recent report for June 2011.

  Total Preforclosure     Total Notice of Sale Bank Owned Inventory
June 2011 95   116 172
May 2011 149 127 167
June 2010 180 160 117
Graph of Foreclosure Filings in Fair Oaks,CA
Graph of Foreclosure Outcomes in Fair Oaks,CA
Graph of Foreclosure Inventories in Fair Oaks,CA

Fair Oaks Bank Owned Homes for Sale

Fair Oaks Bank Owned Homes 

  1 month 1 year 5 years
  May 11 June 11 % Change June 10 June 11 % Change June 06 June 11 % Change
For Sale 31 30 -3.2% 18 30 66.7% 2 30 1400%
New Listing 14 18 28.6% 14 18 28.6% 1 18 1700%
Sold 19 10 -47.4% 12 10 -16.7% 0 10 n/a
Pended 13 17 30.8% 11 17 54.5% 0 17 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 Fair Oaks in Metrolist MLS remained even in June when compared to May, but increased substantially compared to June of last year.

The number of new Fair Oaks bank owned homes that were added to the market in June was greater than the number added in May and June of last year.

The number of Fair Oaks bank owned homes pending sale in June was higher when compared to May and June of last year.

The number of bank owned Fair Oaks homes that sold in June was lower than the amount sold in May and the amount sold in June of last year.

Fair Oaks Short Sale Homes for Sale

Carmichael Short Sales 

  1 month 1 year 5 years
  May 11 June 11 % Change June 10 June 11 % Change June 06 June 11 % Change
For Sale 39 51 30.8% 33 51 54.5% 0 51 n/a
New Listing 18 23 27.8% 12 23 91.7% 0 23 n/a
Sold 9 7 -22.2% 9 7 -22.2% 0 7 n/a
Pended 16 22 37.5% 8 22 175% 0 22 n/a

Based off of data and graphs provided by Trendgraphix.com and Metrolist MLS, the number of short sales for sale in Fair Oaks in Metrolist MLS in June 2011 was higher than the number of short sales listed for sale in May and June of 2010.

The number of new Fair Oaks short sale homes that were added to the market in June was higher than the number added in May and June of last year.

The number of Fair Oaks short sale homes pending sale was higher in June than it was in May, and was up considerably compared to June of last year.

The number of short sale Fair Oaks homes that sold in June was lower than the number sold in May and June 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 Fair Oaks, please feel free to contact us at 916-728-1981.

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