Los Angeles Foreclosure Statistics - August 2010
Los Angeles had 78,729 foreclosure homes with 13,515 new foreclosure homes in August 2010. The average price of a Los Angeles home was $461,852 and the average sales price of a foreclosed home was $301,512, according to RealtyTrac.com. A $160,340 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 13,515 foreclosures in August 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 0.14% above national statistics and 0.12% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties increased from 2,100 in July to 2,462 in August. Pre-foreclosure acitivity increased from 5,419 properties to 5,798. The number of auctions decreased from 5,737 to 5,255. 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.
