Sacramento Appraisal Blog

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percentage of foreclosures

Juggling foreclosures & short sales in Sacramento

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We are seeing fewer foreclosures lately in Sacramento, which is a good thing. But at the same time, the foreclosure rate going down seems in part be a result of more effectiveness with short sales. This is important for consideration since short sales are still considered distressed sales and very often sell for less than traditional sales and even foreclosures (depending on condition of course). As you can see in the chart below, the overall percentage of distressed sales has remained fairly similar over the past few years (but definitely down from stats in 2008 when a wave of bank-owned sales hit the market).

Is this interesting to anyone besides me? Or am I just a numbers geek?

Sacramento County distressed sales chart by Sacramento home appraiser blog

For reference, The Sacramento Business Journal reported yesterday on a decreased level of notice of defaults (NODs) during the first quarter in both California and Sacramento County. Theoretically, if there are less defaults this year, we should see the percentage of foreclosures continue to decrease.

The Point: We are seeing glimpses of recovery in the housing market, but the market is still distressed. Let’s take any good news in context.

If you have any questions or Sacramento area real estate appraisal or property tax appeal needs, contact me by phone 916-595-3735, email, Twitter, subscribe to posts by email or “like” my page on Facebook

What happens to foreclosure when prices go up?

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When prices increase, what happens to the rate of foreclosure (REOs)? Let’s take a look at price range segments under $500,000 in Sacramento County to see what we might discover. What stands out to you from the chart below? Generally speaking, the higher the sales price, the lower the percentage of foreclosure. There seems to be greater success with short sales at higher prices too, though the stats look pretty decent above $100,000. Does it shock you to see 83% of all sales under $100,000 as either bank-owned or short sales? Lastly, the total percentage of distressed properties consistently declines as price increases. What does that tell us?

Let’s look at all counties in MLS also to see if we might see a similar trend. It’s always nice to compare one set of data with a larger set as a safeguard. Counties in Sacramento MLS consist of Sacramento, Placer, Yolo, El Dorado, San Joaquin, Stainslaus and portions of Merced, Yuba/Sutter and a few other places.

What stands out to you? If you are a real estate agent, what are you seeing out there in the market? I’d love to hear your thoughts. Feel free to comment below.

If you have any questions, or real estate appraisal or property tax appeal needs in the Greater Sacramento Region, contact Lundquist Appraisal by phone 916-595-3735, email, Facebook or subscribe to posts by email.

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