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!

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%








 

13 comments:

Anonymous said...

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.

Anonymous said...

These numbers seem waaaay inflated to me.

Anonymous said...

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.

Anonymous said...

Where's Rancho Cucamonga?

Anonymous said...

Right next to Fontucky ;-)

Anonymous said...

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.

Anonymous said...

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).

Anonymous said...

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.

Rob Dawg said...

Watch Oxnard scream up the standings in coming months.

Anonymous said...

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.

golfer_X said...

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

golfer_X said...

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.

Anonymous said...

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