Foreclosures in Pleasanton

Foreclosures in Pleasanton:

NODs (notice of default) continued their decline since September 2011 with only 26 being issued in November. This number was 17.86% lower than the previous year at this time and over 34% lower than the previous month. NOS’s (notice of sale) were higher in both instances. The highest foreclosure filings were for loan amounts in the $600k plus range.

All foreclosure inventories have declined as compared to the previous year.

Wrap-up

Declining inventories and notices of default, improving employment, historically low interest rates, increasing demand for rental properties, and healthy sales data for 2011 all bode well for the Pleasanton real estate market as we enter 2012. Let us see how it all plays out as the months unfold.

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