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

Placer County Bank Owned Homes for Sale

	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

	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.