Just 10 NODs (notice of default) were filed in
November, as compared to 23 the same time last year. NOS’s (notice of sale) went
down to 21 this year as compared to 39 the same time last year. There was 1 NOS
and 1 NOD filed in the million plus price range in November in Pleasanton.
Properties scheduled for sale
and bank owned inventories were also down as compared to last year. There
were a total of 37 bank owned properties in Pleasanton at November end. Banks are
collaborating with distressed homeowners to find alternative solutions to
foreclosure.
Wrap-up
The real
estate market has changed direction in 2012. Inventory declines coupled with
increasing buyer confidence led to homes selling quickly, often with multiple
offers. Foreclosure activity continued to decline and higher end home sales
showed strength as the months passed. Investors played an active part as buyers
with the rental market doing well. Low interest rates and an easing in the
jumbo loan market contributed significantly to higher sales in all price
points. With an improving job market and continuing low interest rates, the
real estate market will probably stay on a healthy path in this year to come.
Please
contact Anju Bhatia for further information or comments: Anju@RubyHillLiving.com or visit www.RubyHillLiving.com
No comments:
Post a Comment