Foreclosures in Pleasanton:
NODs (notice of default) were up 37% from the previous month after declining since February.
NOS’s (notice of sale) were up 58% from April but lower by over 20%from the previous year. There were 6 NOS’s and 2 NOD’s in the million plus price range in May.
The number of properties in the pre-foreclosure (properties that have had a notice of default filed against them) fell by over 10% from the previous month and by almost 56% from the same time last year. At 99, properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 59 bank owned properties in Pleasanton in May.
Wrap-up
Buyer remains strong and open houses are well attended. Well priced homes are selling quickly in all price points except the very high end. Investors are still playing a large role in home sales as the rental market continues to show strength. The inventory of active homes remains very low due to a variety of reason. Firstly, bank owned properties are barely trickling to the marketplace due to strategic/political reasons. Secondly, many homeowners who are behind with their mortgage payments are continuing to stay in their homes for extensive periods, without any pressure to sell their home from banks. Lastly, those who have equity in their homes are refusing to sell whilst prices remain depressed, unless they have to. The job market is not showing much strength and the stock market remains volatile with continued uncertainty over the European economy and weak projected consumer demand worldwide. Hard to tell what the future holds, however for now, the real estate market seems to be showing strength.
For more information contact anju@anju4homes.com or visit http://www.anju4homes.com/
NODs (notice of default) were up 37% from the previous month after declining since February.
NOS’s (notice of sale) were up 58% from April but lower by over 20%from the previous year. There were 6 NOS’s and 2 NOD’s in the million plus price range in May.
The number of properties in the pre-foreclosure (properties that have had a notice of default filed against them) fell by over 10% from the previous month and by almost 56% from the same time last year. At 99, properties scheduled for sale and bank owned inventories were down by both comparisons also. There were a total of 59 bank owned properties in Pleasanton in May.
Wrap-up
Buyer remains strong and open houses are well attended. Well priced homes are selling quickly in all price points except the very high end. Investors are still playing a large role in home sales as the rental market continues to show strength. The inventory of active homes remains very low due to a variety of reason. Firstly, bank owned properties are barely trickling to the marketplace due to strategic/political reasons. Secondly, many homeowners who are behind with their mortgage payments are continuing to stay in their homes for extensive periods, without any pressure to sell their home from banks. Lastly, those who have equity in their homes are refusing to sell whilst prices remain depressed, unless they have to. The job market is not showing much strength and the stock market remains volatile with continued uncertainty over the European economy and weak projected consumer demand worldwide. Hard to tell what the future holds, however for now, the real estate market seems to be showing strength.
For more information contact anju@anju4homes.com or visit http://www.anju4homes.com/
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