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« Auburn, CA Real Estate Sales May - July 2012 | Main | Roseville Real Estate Sales May - July 2012 »

August 14, 2012

Placer County Foreclosures Report for July 2012

Roseville, Ca ForeclosureIn their monthly report for July 2012, www.Foreclosureradar.com has reported that the number of new foreclosure notices that were filed in Placer County was up 9% in July when compared to June, but was down just over 10% compared to July of 2011.

The inventory of level of homes currently owned by banks was down 4% in July compared to June, and was down over 39% compared to July of last year.

The number of homes that were sold at foreclosure auction in July was down 9% compared to June, and was down 49% compared to July of last year.

Investors purchased 39 of the 89 homes that were sold at foreclosure auction, while banks took possession of the remaining 50.

Overall, new foreclosure filings were up a bit, while the number of homes actually foreclosed on continued to fall and the inventory of homes in the banks possession continued to decline as well.

Placer County Foreclosure Filings for July 2012:

  New Notice of Default New Notice of Trustee Sale Total New Foreclosure Filings
July 2012 320 214 534
June 2012 294 195 489
July 2011 283 308 591  
       
       
  Back to Bank Sold to 3rd Party Total Foreclosed During Month
July 2012 50 39 89
June 2012 50 48 98
July 2011 131 44 175
       
       
  Total Preforclosure Total Notice of Sale Bank Owned Inventory
July 2012 1240 952 788
June 2012 1413 966 821
July 2011 1389 1192 1294
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 Home Sales July 2012

  1 month 1 year 5 years
  June 12 July 12 % Change July 11 July 12 % Change July 07 July 12 % Change
For Sale 58 65 12.1% 180 65 -63.9% 177 65 -63.3%
New Listing 61 50 -18% 149 50 -66.4% 70 50 -28.6%
Sold 79 64 -19% 119 64 -46.2% 28 64 128.6%
Pended 76 54 -28.9% 111 54 -51.4% 44 54 22.7%

 

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 increased in July compared to June, but was still down over 63% compared to July of last year.

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

The number of Placer County bank owned homes pending sale declined in July compared to June and compared to June 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 July when compared to June and July of last year, but due to a lack of bank owned homes listed for sale, not a lack of demand.

Inventory levels of bank owned homes in Placer County are now at about 1 month, which is up from June, but still very, very tight.

Placer County Short Sale Homes for Sale

Placer County Short Sale Sales July 2012

  1 month 1 year 5 years
  June 12 July 12 % Change July 11 July 12 % Change July 07 July 12 % Change
For Sale 89 109 22.5% 340 109 -67.9% 0 109 n/a
New Listing 171 139 -18.7% 183 139 -24% 1 139 13800%
Sold 136 141 3.7% 130 141 8.5% 0 141 n/a
Pended 215 210 -2.3% 182 210 15.4% 0 210 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 increased in July when compared to June, but still down nearly 68% compared to July of last year .

The number of new Placer County short sale homes that were added to the market in July was lower when compared to the number added in June, and was 24% lower than the number added to the market in July of last year.

The number of Placer County short sale homes pending sale in July was slightly lower than the number pending sale in June, but higher thant the number pending sale in July of last year.

The number of short sale Placer County homes that sold in June was higher than the number sold in June and July of last year, which is a positive improvement over the last few months where sales were stagnate despite an increase in the number of short sales going into contract.

The inventory level of short sale homes for sale in Placer County is now  about .8 months, which is slightly higher than last month and 70% lower  than last July.

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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