Los Angeles Foreclosure Statistics - January 2011
Los Angeles had 80,373 foreclosure homes with 14,068 new foreclosure homes in January 2011. The average price of a Los Angeles home was $466,961 and the average sales price of a foreclosed home was $297,858, according to RealtyTrac.com, a $169,102 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 14,068 foreclosures in January 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 0.22% above national statistics and 0.08% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties increased from 1,696 in December to 2,974 in January. Pre-foreclosure acitivity increased from 4,772 properties to 5,157. The number of auctions decreased from 6,339 to 5,937. 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.
