Foreclosure Update – November

SLO_2013In November, the number of properties that received a foreclosure filing in San Luis Obispo County, CA was 1% lower than the previous month and 53% lower than the same time last year.  Home sales for October 2013 were down 39% compared with the previous month, and down 42%compared with a year ago. The median sales price of a non-distressed home was $433,750. The median sales price of a foreclosure home was $355,000, or 18% lower than non-distressed home sales.

 

MC_2013In November, the number of properties that received a foreclosure filing in Monterey County, CA was 32% lower than the previous month and 68% lower than the same time last year.  Home sales for October 2013 were down 40% compared with the previous month, and down 41%compared with a year ago. The median sales price of a non-distressed home was $390,000. The median sales price of a foreclosure home was $290,000, or 26% lower than non-distressed home sales.

Source: RealtyTrac.com

 

Grace Borzini

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Oak Shores Realty

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