| As Listed on Trulia.com | 1/15/2008 | ||
| Total # Houses Listed for Sale | Listings in Foreclosure | % of Listings in Foreclosure | |
| CALIFORNIA CITIES | |||
| Rialto | 1,232 | 946 | 76.8% |
| Los Banos | 1,104 | 838 | 75.9% |
| Fontana | 2,650 | 1,931 | 72.9% |
| Pittsburg | 1,136 | 823 | 72.4% |
| Sacramento | 9,097 | 6,518 | 71.6% |
| San Bernardino | 2,580 | 1,822 | 70.6% |
| Moreno Valley | 3,080 | 2,145 | 69.6% |
| Colton | 509 | 348 | 68.4% |
| Chula Vista | 2,245 | 1,526 | 68.0% |
| Huntington Park | 164 | 111 | 67.7% |
| Ontario | 1,163 | 776 | 66.7% |
| Palmdale | 2,530 | 1,659 | 65.6% |
| Compton | 671 | 426 | 63.5% |
| Riverside | 3,509 | 2,213 | 63.1% |
| Lawndale | 108 | 68 | 63.0% |
| Highland | 525 | 322 | 61.3% |
| Buena Park | 271 | 164 | 60.5% |
| Corona | 2,955 | 1,760 | 59.6% |
| Carson | 461 | 272 | 59.0% |
| Lancaster | 2,706 | 1,584 | 58.5% |
| Wilmington | 106 | 62 | 58.5% |
| Pomona | 853 | 497 | 58.3% |
| Downey | 564 | 322 | 57.1% |
| Hemet | 1,659 | 945 | 57.0% |
| Temecula | 1,515 | 843 | 55.6% |
| Chino | 539 | 297 | 55.1% |
| Santa Clarita | 366 | 199 | 54.4% |
| Escondido | 1,554 | 821 | 52.8% |
| San Jose | 4,921 | 2,594 | 52.7% |
| West Covina | 422 | 215 | 50.9% |
| San Diego | 8,238 | 4,075 | 49.5% |
| Lakewood | 396 | 189 | 47.7% |
| El Monte | 246 | 117 | 47.6% |
| Upland | 417 | 197 | 47.2% |
| Long Beach | 2,049 | 962 | 46.9% |
| Valencia | 490 | 229 | 46.7% |
| Redlands | 511 | 233 | 45.6% |
| Orange | 654 | 292 | 44.6% |
| Glendale | 499 | 220 | 44.1% |
| Bakersfield | 4,331 | 1,855 | 42.8% |
| Hawthorne | 232 | 97 | 41.8% |
| Inglewood | 566 | 232 | 41.0% |
| San Pedro | 210 | 81 | 38.6% |
| Torrance | 386 | 146 | 37.8% |
| Los Angeles | 9,537 | 3,488 | 36.6% |
| Big Bear | 326 | 110 | 33.7% |
| Rancho Bernardo | 267 | 86 | 32.2% |
| Pasadena | 587 | 188 | 32.0% |
| Huntington Beac h | 661 | 200 | 30.3% |
| Rancho Palos Ve rdes | 91 | 26 | 28.6% |
| Redondo Beach | 166 | 45 | 27.1% |
| Hermosa Beach | 45 | 12 | 26.7% |
| Irvine | 760 | 202 | 26.6% |
| San Francisco | 1,253 | 314 | 25.1% |
| Manhattan Beach | 57 | 13 | 22.8% |
| Rolling Hills | 9 | 2 | 22.2% |
| Culver City | 218 | 47 | 21.6% |
| El Segundo | 25 | 4 | 1 6.0% |
| Newport Beach | 367 | 44 | 12.0% |
| Marina Del Rey | 251 | 27 | 10.8% |
| Playa Del Rey | 78 | 7 | 9.0% |
| Oxnard | 592 | 48 | 8.1% |
| Laguna Beach | 266 | 15 | 5.6% |
| Simi Valley | 442 | 20 | 4.5% |
| Goleta | 61 | 2 | 3.3% |
| Malibu | 513 | 13 | 2.5% |
| Santa Barbara | 366 | 6 | 1.6% |
| Thousand Oaks | 382 | 5 | 1.3% |
| Westchester | 53 | - | 0.0% |
| Total | 87,793 | 46,896 | 53.4% |
| OTHER US CITIES | |||
| Las Vegas, NV | 19,207 | 10,020 | 52.2% |
| Denver, CO | 5,610 | 2,761 | 49.2% |
| Miami, FL | 14,424 | 6,865 | 47.6% |
| Henderson, NV | 4,384 | 1,979 | 45.1% |
| Phoenix, AZ | 12,181 | 5,328 | 43.7% |
| Dallas, TX | 5,015 | 1,262 | 25.2% |
| Houston, TX | 9,739 | 2,319 | 23.8% |
| Salt Lake City, UT | 1,372 | 324 | 23.6% |
| Seattle, WA | 1,567 | 282 | 18.0% |
| Boise, ID | 1,500 | 221 | 14.7% |
| Fort Walton Bea ch, FL | 528 | 74 | 14.0% |
| San Antonio, TX | 8,008 | 529 | 6.6% |
| Silverton, OR | 123 | 3 | 2.4% |
| Beaverton, OR | 472 | 10 | 2.1% |
| Happy Valley, O R | 97 | 1 | 1.0% |
| Portland, OR | 1,936 | 17 | 0.9% |
| Huntsville, AL | 586 | 5 | 0.9% |
| Sherwood, OR | 138 | 1 | 0.7% |
| West Linn, OR | 142 | 1 | 0.7% |
| Wilsonville, OR | 57 | - | 0.0% |
| Lake Oswego, OR | 218 | - | 0.0% |
| 87,304 | 32,002 | 36.7% | |
Tuesday, January 15, 2008
Percent of CA houses in Foreclosure
I found this on Patrick.net. I don't know how accurate this is but his info is generally good. From this it looks like 60% to 70% of the listings in the IE are in foreclosure. Ouch, that's worse than I thought!
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13 comments:
The number of foreclosures will probably increase in Thousand Oaks and Simi Valley if Countrywide lays off more employees when they consolidate with B of A.
These numbers seem waaaay inflated to me.
And we ain't hit bottom yet. Does anyone want to bet those numbers will stay flat over the next twelve months?
Didn't think so.
Where's Rancho Cucamonga?
Right next to Fontucky ;-)
Anon said, "These numbers seem waaaay inflated to me."
These numbers reflect homes in all phases of forclosure REO's and NOD's. There are a lot of homes up for sale that have recieved the NOD but have not been taken back by the banks yet (NOT's). Most of the homes on the market now are in trouble with the lender, behind on payments. Many of those will turn into REO's because those homes are the higher priced once and thus they are not selling. Plus the banks are so slow to approve short sales that most buyers don't even want to mess with a short sale house even if the price is attractive.
While I'm truly sorry for the people losing their homes....I'm so excited for me! Great way to way up this a.m.
I don't know if these numbers are inflated for Riverside. It looks pretty close. Almost all of the homes I've looked at are in some form of foreclosure (at least in the 92508 zip code).
All the house seller in this down market have to be because they need to sell, not because they like to sell. Need to sell because job relocation or FINANCIAL ISSUE (behind on payment, etc...).
There is nothing inflated here, its just begun.
Watch Oxnard scream up the standings in coming months.
The numbers seem too high to me. I don't believe the person who compiled the list checked every listing against a N.O.D. My guess is that they took the gross number of N.O.D.s plus N.O.T.s plus REOs in an area and compared it to the number of active listings. That could skew the numbers a lot.
The data comes from Trulia, another real estate listing site. I did a quick check using my moms zip code (92555). It listed 796 homes and of those 517 were foreclosures, 65%. So it looks to be fairly accurate to me
Another interesting thing I noticed is that the bank owned properties are not included in the foreclosure number. That number only applies to the homes that are heading towards foreclosure (the ones that have a NOD filed).
So the percentage of homes that are already bank owned would be in addition to the number in the chart.
Well, thanks for the useful information. I like also Fizber.com - one of the most popular real estate websites. This site has plenty of services, for example Yard Signs
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