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October 23, 2011

Folsom Foreclosures Statistics Report for September 2011

The inventory of Folsom homes in preforeclosure, those homes that have received a notice of default, decreased in September when compared to August of this year, but increased substantialy compared to September of last year.

The inventory of Folsom homes that have received a notice of sale, which is the final stage before foreclosure auction, decreased in September when compared to August and when compared to September of last year.

The inventory of Folsom, California homes that have been foreclosed on and are currently owned by banks decreased in September compared to August of this year and September of last year. 

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

  Total Preforclosure     Total Notice of Sale Bank Owned Inventory
September 2011 359 156 141
August 2011 416 173 144
September 2010 250 223 186
Graph of Foreclosure Filings in Folsom,CA
Graph of Foreclosure Outcomes in Folsom, CA
Graph of Foreclosure Inventories in Folsom,CA

Folsom Bank Owned Homes for Sale

Folsom Bank Owned Homes

  1 quarter 1 year 6 years
  June 11 Sep 11 % Change Sep 10 Sep 11 % Change Sep 05 Sep 11 % Change
For Sale 30 19 -36.7% 38 19 -50% 0 19 n/a
New Listing 22 13 -40.9% 18 13 -27.8% 0 13 n/a
Sold 20 19 -5% 11 19 72.7% 0 19 n/a
Pended 20 18 -10% 15 18 20% 0 18 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 Folsom in Metrolist MLS decreased in September when compared to June and September of last year.

The number of new Folsom bank owned homes that were added to the market in September was lower than the number added in June and the number added in September of last year.

The number of Folsom bank owned homes pending sale in September was lower than the number pending sale in June, but was higher than the number pending sale in September of last year.

The number of bank owned Folsom, California homes that sold in September was slightly lower than the number that sold in June, but was higher than the number that sold in September of last year.

Folsom Short Sale Homes for Sale

Folsom Short Sales

  1 quarter 1 year 6 years
  June 11 Sep 11 % Change Sep 10 Sep 11 % Change Sep 05 Sep 11 % Change
For Sale 59 54 -8.5% 71 54 -23.9% 0 54 n/a
New Listing 33 35 6.1% 29 35 20.7% 0 35 n/a
Sold 17 24 41.2% 11 24 118.2% 0 24 n/a
Pended 35 42 20% 18 42 133.3% 0 42 n/a

Based off of data and graphs provided by Trendgraphix.com and Metrolist MLS, the number of short sales for sale in Folsom in Metrolist MLS in September 2011 was lower than the number of short sales listed for sale in June of this year and September of last year.

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

The number of Folsom, California short sale homes pending sale was higher in September than it was in June and was also much higher than the number pending sale in September of last year.

The number of short sale Folsom homes that sold in September was higher than the number sold in June and was more than double the number sold in September 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 Folsom, please feel free to contact us at 916-728-1981.

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