NODs (notice of default) have been declining since March after being on an upward trend for the previous two months. They were down by over 20% as compared to the same time last year. NOS’s (notice of sale) were down from April and the previous year. There were 2 NOS’s and 2 NOD’s in the million plus price range in April.
The number of properties in the preforeclosure (properties that have had a notice of default filed against them) fell by over 60% from the previous month and by over 26% from the same time last year. Properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 66 bank owned properties in Pleasanton.
Wrap-up
Whilst overall sales activity remains strong and open houses are well attended, the pace of sales is beginning to slow down with the approach of summer. The stock market has demonstrated volatility with strong concerns over Europe and consumer confidence has also ebbed from the previous months. National employment gains have been slower than anticipated.
Properties priced all the way up to two million sold quickly in the Pleasanton area. Investors have continued to grab homes in the lower price ranges as rental demand remains strong. Low interest rates and declining foreclosures and overall inventories continue to help home prices. However, the overall economy is giving mixed signals for the present. Let us see how it all plays out.
Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
The number of properties in the preforeclosure (properties that have had a notice of default filed against them) fell by over 60% from the previous month and by over 26% from the same time last year. Properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 66 bank owned properties in Pleasanton.
Wrap-up
Whilst overall sales activity remains strong and open houses are well attended, the pace of sales is beginning to slow down with the approach of summer. The stock market has demonstrated volatility with strong concerns over Europe and consumer confidence has also ebbed from the previous months. National employment gains have been slower than anticipated.
Properties priced all the way up to two million sold quickly in the Pleasanton area. Investors have continued to grab homes in the lower price ranges as rental demand remains strong. Low interest rates and declining foreclosures and overall inventories continue to help home prices. However, the overall economy is giving mixed signals for the present. Let us see how it all plays out.
Please contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
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