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May 21, 2012

Placer County Foreclosures Report for April 2012

In their monthly report for March 2012, www.Foreclosureradar.com has reported that the number of new foreclosure notices that were filed in Placer County was 18% lower in April than March, and was down just over 21% compared to April of 2011.

The inventory of level of homes currently owned by banks was down 6% compared to March, and was down 25% compared to April of last year.

The number ofh omes that were sold at foreclosure auction was up 15% in April compared to March, but was down 50% compared to April of last year.

Investors purchased 38% of the 133 homes that were sold at foreclosure auction, while bank took possession of the remaining 62%.

Placer County Foreclosure Filings for April 2012:

  New Notice of Default New Notice of Trustee Sale Total New Foreclosure Filings
Apr 2012 276 189 476
Mar 2012 296 282 578
Apr 2011 322 282 604
       
       
  Back to Bank Sold to 3rd Party Total Foreclosed During Month
Apr 2012 83 50 133
Mar 2012 69 47 116
Apr 2011 179 52 231
       
       
  Total Preforclosure Total Notice of Sale Bank Owned Inventory
Apr 2012 1471 1005 1019
Mar 2012 1120 1062 1081
Apr 2011 1436 1331 1357
Graph of Foreclosure Filings in Placer County
Graph of Foreclosure Outcomes in Placer County
Graph of Foreclosure Inventories in Placer County

Placer County Bank Owned Homes for Sale

Placer County Bank Owned Homes April 2012

  1 month 1 year 5 years
  Mar 12 Apr 12 % Change Apr 11 Apr 12 % Change Apr 07 Apr 12 % Change
For Sale 107 83 -22.4% 197 83 -57.9% 102 83 -18.6%
New Listing 121 79 -34.7% 142 79 -44.4% 52 79 51.9%
Sold 112 106 -5.4% 117 106 -9.4% 14 106 657.1%
Pended 111 105 -5.4% 116 105 -9.5% 25 105 320%

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

The number of new bank owned homes that were added to the market in April decreased substantially as well when compared to March and April of last year.

The number of Placer County bank owned homes pending sale decreased slightly in April compared to March and April of last year, but this was due to a lack of new listings, not a lack of demand.

As with the decline in pending sales, the number of bank owned homes that sold in Placer County declined in April when compared to March and April of last year, but due to a lack of bank owned homes to listed for sale, not a lack of demand.

Inventory levels of bank owned homes in Placer County remain at around 1 month.

Placer County Short Sale Homes for Sale

Placer County Short Sales April 2012

  1 month 1 year 5 years
  Mar 12 Apr 12 % Change Apr 11 Apr 12 % Change Apr 07 Apr 12 % Change
For Sale 140 117 -16.4% 400 117 -70.7% 0 117 n/a
New Listing 202 159 -21.3% 224 159 -29% 0 159 n/a
Sold 137 119 -13.1% 115 119 3.5% 0 119 n/a
Pended 269 251 -6.7% 229 251 9.6% 0 251 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 lower in April than in March, and was much lower than the number listed for sale in April of last year.

The number of new Placer County short sale homes that were added to the market in April was lower compared to the number added in March and April of last year.

The number of Placer County short sale homes pending sale in April was lower compared to March, but was higher than April of last year.

The number of short sale Placer County homes that sold in April was lower than the number sold in March, but was higher than the number sold in April of last year.

The inventory level of short sale homes for sale in Placer County now stands at 1 month, which is unchanged from March, but is 2.5 months less than April 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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