Orange County CA Foreclosure Trends - February 2010

Posted by Hartanov Real Estate Team on Friday, March 19th, 2010 at 6:36am.


There were 25,154 Orange County CA foreclosure homes and 3,438 new foreclosure filings in February 2010, according to RealtyTrac.com. The average sales price of an Orange County home was $513,331 while the average sales price of a foreclosure home was $420,738, a $92,593 savings. 

Orange County CA Foreclosure Activity and Home Price Index

Home price appreciation rose 0.22% in February with 3,438 foreclosures.

 forecl-feb_2010_431_01

 

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.

Orange County CA Foreclosure Geographical Comparison

Orange County CA foreclosures were 0.09% above national statistics and 0.18% below state figures.

geo-feb_2010_436

 Orange County CA Foreclosure Activity by Month

Pre-foreclosure activity decreased from 1,726 in December to 1,567 in February. The number of bank-owned properties also decreased from 660 to 396. Auctions decreased from 2,282 to 1,475. There has been a falling trend in the last 6 months.


trend-feb_2010_434 

Are you or someone you know behind on mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and even some of your credit. Visit GetShortSaleHelp.com and give us a call for a private consultation.

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