Los Angeles Foreclosure Statistics - September 2010
Los Angeles had 79,239 foreclosure homes with 15,056 new foreclosure homes in September 2010. The average price of a Los Angeles home was $486,286 and the average sales price of a foreclosed home was $312,424, according to RealtyTrac.com. A $173,862 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 15,056 foreclosures in September 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 0.11% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties increased from 2,462 in August to 2,926 in Sept. Pre-foreclosure acitivity increased from 5,798 properties to 6,750. The number of auctions increased from 5,255 to 5,380. 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.
