Los Angeles Foreclosure Statistics - June 2010
Los Angeles had 84,573 foreclosure homes with 13,417 new foreclosure homes in June 2010. The average price of a Los Angeles home was $487,259 and the average sales price of a foreclosed home was $312,316, according to RealtyTrac.com. A $175,123 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 13,417 foreclosures in June 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 0.16% above national statistics and 0.08% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties decreased from 2,652 in May to 2,102 in June. Pre-foreclosure acitivity dropped from 5,021 properties to 4,860. The number of auctions also decreased from 6,530 to 6,445.
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.
