Los Angeles Foreclosure Trends - March 2010
Los Angeles had 96,006 foreclosure homes with 18,187 new foreclosure homes in March 2010. The average price of a Los Angeles home was $462,962 and the average sales price of a foreclosed home was $298,650, according to RealtyTrac.com. A $164,312 savings.
Los Angeles Foreclosure Activity and Home Price Index
Los Angeles foreclosure activity dropped 0.24% in March while price appreciation dropped 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 0.26% above national statistics and 0.16% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties increased from 2,134 to 2,857 in March. Pre-foreclosure acitivity jumped from 6,567 properties to 6,663. The number of auctions also increased from 5,979 to 8,667.
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.
