Placer County Foreclosures Report for January 2013

In their monthly report for January 2013, www.Foreclosureradar.com has reported that the number of new foreclosure notices that were filed in Placer County was down 48%% in January when compared to December, and was down 73 % compared to January 2012.

The inventory of level of homes currently owned by banks was down 2% in January compared to December, but was down over 39% compared to January of last year.

The number of homes that were sold at foreclosure auction in January was up 27% compared to December, but was down 54% compared to January of last year.

Investors purchased 34 of the 93 homes that were sold at foreclosure auction, while banks took possession of the remaining 59.

Overall, new foreclosure filings have plummeted, while the number of homes actually foreclosed on increased compared to December, but is way down compared to last year.  The inventory of homes in the banks possession continues to decline as well.

Placer County Foreclosure Filings for January 2013:

	New Notice of Default	New Notice of Trustee Sale	Total New Foreclosure Filings
January 2013	58	99	157
December 2012	134	167	301
January 2012	233	276	509
	Back to Bank	Sold to 3rd Party	Total Foreclosed During Month
January 2013	49	34	93
December 2012	45	28	73
January 2012	147	53	200

	Total Preforclosure	Total Notice of Sale	Bank Owned Inventory
January 2013	575	495	726
December 2012	726	654	741
January 2012	1013	1048	1191

Placer County Bank Owned Homes for Sale

	1 month			1 year			5 years
	Dec 12	Jan 13	% Change	Jan 12	Jan 13	% Change	Jan 08	Jan 13	% Change
For Sale	44	56	27.3%	133	56	-57.9%	269	56	-79.2%
New Listing	36	54	50%	102	54	-47.1%	130	54	-58.5%
Sold	60	36	-40%	93	36	-61.3%	90	36	-60%
Pended	38	51	34.2%	101	51	-49.5%	140	51	-63.6%

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 January compared to December, but was down nearly 58% compared to January of last year.

The number of new bank owned homes that were added to the market in January jumped 50% in Januray, when compared to December, but was still down 47% compared to January of last year.

The number of Placer County bank owned homes pending sale increased 34% compared to December, but was down 50% compared to January of last year, due to a lack of supply.

The number of bank owned homes that sold in January was down 40% compared to December and 61% compared to January of last year. This was not due to a lack of demand but instead to a drop in supply in preceding months.

Inventory level of bank owned homes in Placer County has continued to hover around 1 month, which is very tight. If you are considering a bank owned property, be prepared for their to be interest from other buyers, possibly many other buyers.

Placer County Short Sale Homes for Sale

	1 month			1 year			5 years
	Dec 12	Jan 13	% Change	Jan 12	Jan 13	% Change	Jan 08	Jan 13	% Change
For Sale	70	77	10%	223	77	-65.5%	169	77	-54.4%
New Listing	67	87	29.9%	198	87	-56.1%	69	87	26.1%
Sold	162	76	-53.1%	135	76	-43.7%	23	76	230.4%
Pended	108	127	17.6%	238	127	-46.6%	43	127	195.3%

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 January when compared to December, but were down 66%% compared to January of last year .

The number of new Placer County short sale homes that were added to the market in January was nearly 30% higher than the number added in December, but was 56% lower than the number added to the market in January 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 January was 53% lower than the number sold in December and 44% lower than in January of last year.

The inventory level of short sale homes for sale in Placer County is now about 1 month, which is nearly 150% higher than the .4 months of inventor in December when there were very few new short sale properties added to the market. However, the inventory level of short sales was still 41% lower than last January.

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.

Comments

[S. Babcock]

S. Babcock Says:

We are looking to buy at least 4-5 acres, with home, manufactured home, etc., 2- bedrooms, would like to spend under 150,000. possibly under 100,000. Light fixer would be fine. Any info. woukd be great! Thank you! S. Babcock

[Patrick Hake]

Patrick Hake Says:

Hello S. Babcock,

There is nothihg currently listed at this time that meets your requirements. Typically if there is something in that price range with that much property it will be in the remote areas of Georgetown, Foresthill or Placerville and will usually be more of a heavy fixer. Please provide me your contact info at http://www.placercountyhomesandland.com/contact.php and let me know which areas you are interested in. I can set you up to get alerted when new properties are available.