Los Angeles Foreclosure Trends - November 2010
Los Angeles had 80,741 foreclosure homes with 11,490 new foreclosure homes in November 2010. The average price of a Los Angeles home was $465,097 and the average sales price of a foreclosed home was $312,445, according to RealtyTrac.com, a $152,652 savings.
Los Angeles Foreclosure Activity and Home Price Index
There were 11,490 foreclosures in November 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 0.14% above national statistics and 0.09% below California numbers.
Los Angeles Foreclosure Activity by Month
The number of bank-owned properties decreased from 2,222 in Oct to 1,420 in Nov. Pre-foreclosure acitivity decreased from 5,667 properties to 5,386. The number of auctions decreased from 5,098 to 4,684. 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.
