Foreclosure Update – December

SLO_1213In December, the number of properties that received a foreclosure filing in San Luis Obispo County, CA was 5% lower than the previous month and 63% lower than the same time last year. Home sales for November 2013 were up 47% compared with the previous month, and down 1%compared with a year ago. The median sales price of a non-distressed home was $440,000. The median sales price of a foreclosure home was $352,500, or 20% lower than non-distressed home sales.

 

MC_1213In December, the number of properties that received a foreclosure filing in Monterey County, CA was 1% lower than the previous month and 66% lower than the same time last year. Home sales for November 2013 were up 19% compared with the previous month, and down 28%compared with a year ago. The median sales price of a non-distressed home was $395,000. The median sales price of a foreclosure home was $295,000, or 25% lower than non-distressed home sales.

Source: RealtyTrac.com

 

Grace Borzini

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Oak Shores Realty

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