Foreclosures in Pleasanton

Foreclosures in Pleasanton:

After declining steadily since August 2011, NODs (notice of default) saw an upward trend in January, although they were down by over 36% as compared to the same time last year. NOS’s (notice of sale) were higher in both instances. The highest NOS’s were in the million plus price range (12).  

Whilst the total number of properties in the preforeclosure (properties that have had a notice of default filed against them) category fell significantly, bank owned properties and those scheduled for sale fell from the previous month.

General

Declining inventories and a brighter outlook on the employment front, continued low interest rates, increasing demand for rental properties, and the best performing February stock market in over a decade, suggests greater stabilization of the east bay real estate sector. Low inventory in the under- million home market has led to a quick turnover of homes – offering optimism for the spring/summer months.

 Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com