Los Angeles Foreclosure Statistics - March 2011
Los Angeles had 74,609 foreclosure homes with 12,172 new foreclosure homes in March 2011. The average price of a Los Angeles home was $494,467 and the average sales price of a foreclosed home was $303,920, according to RealtyTrac.com, a $190,547 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 12,172 foreclosures in March 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 0.09% below California numbers in March.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties decreased from 2,003 in February to 1,811 in March. Pre-foreclosure acitivity increased from 5,139 properties to 5,879. The number of auctions decreased from 5,064 to 4,482. 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.
