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July 13, 2011

Placer County Foreclosures Report for June 2011

In their monthly report for June 2011, Foreclosureradar.com has reported that the number of new foreclosure notices that were filed in Placer County was down 9% in June 2011 when compared to May 2011 and was down almost 33% compared to June 2010.

New Notices of Default and Trustee Sale were both down in June compared to May and June of last year.

This means less people entered the initial stage of foreclosure this month compared to last, and less moved towards the final outcome of foreclosure.

The number of homes that were actually foreclosed on decreased by 18% in June when compared to May, but increased 23% compared to June of last year.

Inventory levels of preforclosure properties and properties scheduled for sale are both down compared to last month and last year. However, the inventory of level of bank owned properties is slightly higher than in May and is about 15% higher than last year.

Placer County Foreclosure Filings for May 2011: 

  New Notice of Default New Notice of Trustee Sale Total New Foreclosure Filings
May 2011 264 316 580
Apr 2011 307 330 637
May 2010 390 482 872
       
       
  Back to Bank Sold to 3rd Party Total Foreclosed During Month
May 2011 158 48 206
Apr 2011 174 77 251
May 2010 133 34 167
       
       
  Total Preforclosure     Total Notice of Sale Bank Owned Inventory
May 2011 1403     1228 1367
Apr 2011 1465 1295 1361
May 2010 2109 1558 1192
Graph of Foreclosure Filings in Placer County
Graph of Foreclosure Outcomes in Placer County
Graph of Foreclosure Inventories in Placer County

To view the foreclosure report for the whole state of California and search for data by county you can visit ForeclosureRadar.com's Califorinia Foreclosure Report.

Placer County Bank Owned Homes for Sale

Placer County 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 173 162 -6.4% 188 162 -13.8% 11 162 1372.7%
New Listing 126 106 -15.9% 135 106 -21.5% 8 106 1225%
Sold 116 118 1.7% 118 118 0% 1 118 11700%
Pended 138 137 -0.7% 98 137 39.8% 1 137 13600%

Based off of data and graphs provided by Trendgraphix.comand Metrolist MLS, the number of bank owned homes listed for sale in Placer County in Metrolist MLS decreased in June compared to May and June of last year.

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

The number of Placer County bank owned homes pending sale in June was even when compared to May, but was up nearly 40% compared to June of last year.

The number of bank owned Placer County homes that sold in June was even with May and June of last year.

Placer County Short Sale Homes for Sale

Placer County 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 366 362 -1.1% 423 362 -14.4% 0 362 n/a
New Listing 192 219 14.1% 188 219 16.5% 0 219 n/a
Sold 135 124 -8.1% 152 124 -18.4% 0 124 n/a
Pended 229 303 32.3% 118 303 156.8% 0 303 n/a

Based off of data and graphs provided by Trendgraphix.com and Metrolist MLS, the number of short sales for sale in Placer County in Metrolist MLS was about the same in June as in May, but was down substantially compared to June of last year.

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

The number of Placer County short sale homes pending sale was up considerably compared to May and was nearly triple the number pending sale in June of las year.

The number of short sale Placer County homes that sold in June was down compared to 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 in Placer County, please feel free to contact us at 916-728-1981.

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