Here is the
Take Away!
1. Active
Notices of trustee sale for residential properties as of the end of April'12 were 17,768 units. Up from last month of 16,947. Down from the all time high of December '09 of 47,606.
2.
Residential Foreclosures were at there all time high in March 2010 at 5,451. Residential foreclosures were 1,647 last
month. This was down
by 316 units from March.
3. The residential REO properties
are sitting at 6,711 vs. last month of 7,408. Down 697 units
from last month! April of 2011 there were 19,322 REO properties, down 65%! Listed REO properties
are approximately 1,345 units and pending are 2,120.
That tells us that there is
approximately 3,246 properties that are foreclosed but not yet on the
market.
4.
Normal Sales is at the highest point in the
last 5 years. They represent 56% of total sales!
