Los Angeles Foreclosure Statistics - April 2011
Los Angeles had 69,344 foreclosure homes with 11,946 new foreclosure homes in April 2011. The average price of a Los Angeles home was $470,461 and the average sales price of a foreclosed home was $308,637, according to RealtyTrac.com, a $161,789 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 11,946 foreclosures in April while price appreciation was 0.00%.
Los Angeles County foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Los Angeles Foreclosure Geographical Comparison
Los Angeles foreclosures were 0.18% above national statistics and 0.07% below California numbers in April.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties increased from 1,811 in March to 2,420 in April. Pre-foreclosure acitivity decreased from 5,879 properties to 4,936. The number of auctions increased from 4,482 to 4,590. There is currently a six month 'falling' trend.
Are you or someone you know behind on your mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE). Give me a call for a private consultation.
