June 2010 RSS Feed

May 2010 statistics show San Clemente had 121 new foreclosures with an average foreclosure sales price of $610,982, according to RealtyTrac.com.

There were 60 new foreclosures in the 92673 zip code and 61 new foreclosures in 92672, for a total of 121 new foreclosures in San Clemente. 1 in every 182 housing units received a foreclosure filing in May.

San Clemente Foreclosure Geographical Comparison

San Clemente foreclosure rate was 0.30% above national rates, 0.01% above California rates, and 0.17% above Orange County rates in May.

San Clemente Foreclosures By Month

The number of bank-owned homes remained the same in May with 15 homes. Pre-foreclosure activity in May decreased  with 61 homes in April and 48 homes in May. The number of…

There were 23,181 Orange County CA foreclosure homes and 3,904 new foreclosure filings in May 2010, according to RealtyTrac.com. The average sales price of an Orange County home was $545,847 while the average sales price of a foreclosure home was $428,239, a $117,607 savings. 

Orange County CA Foreclosure Activity and Home Price Index

Home price appreciation was 0.00% in May with 3,904 foreclosures.

 

 

Orange County CA 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…

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.

Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects sales contracts and not closings, which usually occur with a lag time…

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.

Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects sales contracts and not closings, which usually occur with a lag time of…

There are positive predictions for Orance County real estate this month. Two top economists recently offered encouraging news for the housing market. National Association of Realtors Chief Economist Lawrence Yun and Moody’s Economy.com Chief Economist Mark Zandi are predicting a slightly stronger demand for housing going into
2011. Both expect mortgage interest rates to remain historically low and the availability of jumbo loans to improve.

They differ on the impact of foreclosures on home price stabilization. Yun predicts a fairly even level of foreclosures, with home prices potentially rising 2 to 3 percent this year. Zandi forecasts a rise of foreclosures later in 2010 before easing in 2011 and predicts home prices may weaken this year.Take a look at…

Just a quick reminder the 15th Annual San Clemente Car Show is this Sunday, June 13 on Avenida Del Mar, Downtown San Clemente.

Enjoy the show from 2 years ago...

There were 24,356 Orange County CA foreclosure homes and 4,192 new foreclosure filings in April 2010, according to RealtyTrac.com. The average sales price of an Orange County home was $525,944 while the average sales price of a foreclosure home was $435,150, a $90,795 savings. 

Orange County CA Foreclosure Activity and Home Price Index

Home price appreciation was 0.00% in April with 4,192 foreclosures.

 

 

Orange County CA 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.

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April 2010 statistics show San Clemente had 131 new foreclosures with an average foreclosure sales price of $613,944, according to RealtyTrac.com.

There were 76 new foreclosures in the 92673 zip code and 55 new foreclosures in 92672, for a total of 131 new foreclosures in San Clemente. 1 in every 168 housing units received a foreclosure filing in April.

San Clemente Foreclosure Geographical Comparison

San Clemente foreclosure rate was 0.33% above national rates, 0.07% above California rates, and 0.18% above Orange County rates in April.

San Clemente Foreclosures By Month

Foreclosure activity decreased in April with the number of bank-owned properties down from 23 to 15 and pre-foreclosure numbers decreasing from 66 to 61. The number of…