For more detail of the month to month activity of foreclosures in Ventura County for 2010, you’ll see on the monthly chart that Notice of Defaults and Notice of Trustee Sales are again on the upswing and the Trustee’s Deeds (foreclosure complete) have a bit of fluctuation.

However, stepping back and looking at the broad trend of foreclosure activity on a quarterly basis since 2005 in Ventura County, the number of foreclosed homes is on the downward trend.  There were two spikes in the number of foreclosures both in the March and June quarters of 2008 with an even stronger spike in 2009. Check this out on quarterly chart!

The stats for November 2008 pending sales for Oxnard are still screaming compared to this month in 2007. Ventura pendings are still higher than the peak summer months of 2007 while Camarillo is comparable to this time last year.

The stats are in for single family homes and condos that have gone into escrow for October. In past months we’ve repeatedly said that Oxnard is white hot and the October pendings continue to show very strong sales activity.

Homes that are considered “pending” means homes that are in escrow and under contract. For Camarillo, in comparing the first 3 quarters of 2008 as compared to 2007, there is somewhat a tie without major differences. In Oxnard, all three quarters are still screaming up compared to 2007. For Ventura, the first 2 quarters were slightly stronger than 2007 but the third quarter screamed up over 2007! See the hard numbers here.

Here are the August sold statistics. We continue seeing price point declines in Oxnard because of bank foreclosures, but Camarillo and Ventura appear to be close to July numbers. Based on square footage prices, condos have gone up in value in Camarillo and Ventura, while Oxnard was about the same.

Because the monthly statistics can vary quite a bit, after we see the September  statistics, we’ll combine the monthly stats into quarterly stats and see how trends are looking.