There were 25,154OrangeCountyCA 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.
Foreclosure Activity and Home Price Index
Home price appreciation rose 0.22% in February with 3,438
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.
OrangeCountyCA foreclosures were
0.09% above national statistics and 0.18% below state figures.
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.
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.