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« Colfax Real Estate Sales June - August 2011 | Main | Colfax Real Estate Statistics Report - September 2011 »

September 26, 2011

Colfax Foreclosures Statistics Report for August 2011

The inventory of Colfax homes in preforeclosure, those homes that have received a notice of default, increased by nearly 50% in August when compared to July of this year and was up over 140% from August of last year.

The inventory of Colfax homes that have received a notice of sale, which is the final stage before foreclosure auction, increased by 45% in August when compared to July and 28% when compared to August of last year.

The inventory of Colfax, California homes that have been foreclosed on and are currently owned by banks decreased in August compared to July, but was about the same as August of last year. 

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

  Total Preforclosure     Total Notice of Sale Bank Owned Inventory
August 2011 80 32 48
July 2011 61 22 53
August 2010 33 25 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
  May 11 Aug 11 % Change Aug 10 Aug 11 % Change Aug 05 Aug 11 % Change
For Sale 13 11 -15.4% 9 11 22.2% 0 11 n/a
New Listing 4 6 50% 4 6 50% 0 6 n/a
Sold 2 5 150% 3 5 66.7% 0 5 n/a
Pended 3 5 66.7% 3 5 66.7% 0 5 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 decreased in August when compared to May, but increased compared to August of last year.

The number of new Colfax bank owned homes that were added to the market in August was higher than the number added in May and was also higher than the number added in August of last year.

The number of Colfax bank owned homes pending sale in August was higher than the number pending sale in May and the number pending sale in August of last year.

The number of bank owned Colfax homes that sold in August was higher than the number sold in May and the number sold in August of last year.

Colfax Short Sale Homes for Sale

Colfax Short Sales 

  1 quarter 1 year 6 years
  May 11 Aug 11 % Change Aug 10 Aug 11 % Change Aug 05 Aug 11 % Change
For Sale 10 9 -10% 9 9 0% 0 9 n/a
New Listing 6 4 -33.3% 5 4 -20% 0 4 n/a
Sold 3 2 -33.3% 3 2 -33.3% 0 2 n/a
Pended 3 3 0% 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 in August 2011 was lower than the number of short sales listed for sale in May, but was the same as the number listed for sale in August of last year.

The number of new Colfax short sale homes that were added to the market in August was lower than the number added in May and the number added in August of last year.

The number of Colfax short sale homes pending sale was the same in August as it was in May, but higher than the number pending sale in August of last year.

The number of short sale Colfax homes that sold in August was lower than the number sold in May and was lower than the number sold in August 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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