Los Angeles Foreclosure Trends - January 2010
Los Angeles had 96,888 foreclosure homes with 16,175 new foreclosure homes in January 2010. The average price of a Los Angeles home was $479,090 and the average sales price of a foreclosed home was $290,561, according to RealtyTrac.com.
Los Angeles Foreclosure Activity and Home Price Index
Los Angeles foreclosure activity dropped slightly in January while price appreciaiton dropped 0.11 percent.
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 0.23% above national statistics and 0.06% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties decreased from 3,331 to 3,021 in January. Pre-foreclosure acitivity declined from 5,719 properties to 5,422. The number of auctions climbed from 5,719 to 7,732.
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.
