By Leslie | December 20, 2011
The following data comes from www.ForeclosureListService.com.
We are definitely seeing a surge in the filing of new foreclosures in Ventura County. The first step in California’s foreclosure process is the filing of the Notice of Default. That period lasts 3 months, then the trustee/lender files the Notice of Trustee Sale document which gives the time, place and amount of bid for the property. If the property goes to auction, a Trustee Deed is recorded showing the new owner. It can either be the lender (if no third party bid for it) or the successful high third party bidder.
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By Leslie | October 27, 2011
The number of filings of Notice of Defaults for September (first step in the foreclosure process) continued a second month of decline from August even though the quarterly graph shows a turn upward.
The spread between the blue line and the green line always intrigues me. The green line represents completed foreclosures – over 200 homes a month.
I just don’t understand why homeowners – who know they can’t afford to keep their home – allow their lender to foreclose when they could be in control of the process and do a US Treasury HAFA short sale – and get $3,000 at close of escrow!
By Leslie | October 13, 2011
A new feature of trendlines has been added recently to the three 12 month graphs to give a quick visualization of the numbers sold and the sold prices in Ventura, Oxnard and Camarillo.
Also featured is the percentage of single family homes that were distressed sales in the month of September are:
Ventura – 37% Oxnard – 68% Camarillo – 47%
Sold prices – Single family homes in Ventura, Oxnard, Camarillo:
Sold prices – Condos in Ventura, Oxnard, Camarillo:
Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:
Detailed data for single family homes sold in:
Detailed data for condos sold in:
Detailed monthly data for pendings (in escrow) – single family homes and condos:
All data is taken from the Ventura, Oxnard and Camarillo MLS.
By Leslie | September 14, 2011
A new feature of trendlines has been added this month to the three 12 month graphs to give a quick visualization of the numbers sold and the sold prices in Ventura, Oxnard and Camarillo.
Also featured is the percentage of single family homes that were distressed sales in the month of August are:
Ventura – 51% Oxnard – 57% Camarillo – 22%
Sold prices – Single family homes in Ventura, Oxnard, Camarillo:
- 12 month graph – The trendline for Ventura is just above $400k, Oxnard is steady at $300k but bumped up to $315k in August, and Camarillo has been slowly trending downward toward $450k but bumped up to $515k in August.
Sold prices – Condos in Ventura, Oxnard, Camarillo:
- 12 month graph – The trendlines for both Ventura and Camarillo are slowly trending downward, with Oxnard relatively unchanged.
Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:
- 12 month graph – The trendlines for both Ventura and Camarillo are slightly increasing, with Oxnard staying fairly steady.
Read more….
Detailed data for single family homes sold in:
Detailed data for condos sold in:
Detailed monthly data for pendings (in escrow) – single family homes and condos:
All data is taken from the Ventura, Oxnard and Camarillo MLS.
By Leslie | August 22, 2011
More homes in foreclosure have been progressing to a sale date and not being cured in the initial Notice of Default phase. Usually, about 40 – 50% end up going to sale, but July REOs were at a yearly low of 28%. This decrease might be contributed by home owners getting loan mods or successful short sales.
NODs have been steady since April at about 400; NTSs match June at 519; and REOs rolled over from 233 to 145. See the 12 month chart.
All data used with permission by Foreclosure List Service.
Filed under article topic:
Market statistics/Trends
By Leslie | August 22, 2011
Check out the 12 month graph for monthly foreclosure activity for Ventura County. NODs are on a slight decline; NTSs spiked up last month - now settling back down; and REOs are on the slight increase.
See the quarterly chart showing Q2 foreclosure activity. The long trend is: NODs are declining; NTSs show a general downward trend with a slight uptick in June; and REOs were declining but spiked in Q2 of 2011.
All information taken from Foreclosure List Service with permission.
Filed under article topic:
Market statistics/Trends
By Leslie | August 19, 2011
Prices for single family homes sold in Camarillo are trending downward; while the number of homes sold for Ventura has broken the 12 month high.
The percentage of single family homes that were distressed sales in the month of July are:
Ventura – 41% Oxnard – 59% Camarillo – 41%
All data is taken from the Ventura, Oxnard and Camarillo MLS.
Sold prices – Single family homes in Ventura, Oxnard, Camarillo:
- 12 month graph – Ventura has been hovering at ± $400,000 for last 8 months, Oxnard is steady as a rock at $300,000, Camarillo has been hovering at $500,000 – now trending toward $450,000.
- Quarterly graph ending 2nd quarter – Ventura is on the increase, Oxnard remains unchanged and Camarillo shows a slight decrease in sold prices.
Sold prices – Condos in Ventura, Oxnard, Camarillo:
- 12 month graph – Ventura has been see-sawing between $200 to $225,000, Oxnard is holding between $175 to $200,000, Camarillo prices were on the upswing from March (at $250k) to June (at $300k) while July shows a slight decrease.
- Quarterly graph ending 2nd quarter – Ventura shows a slight decrease, Oxnard a modest decrease and Camarillo a slight increase in sold prices.
Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:
- 12 month graph – Ventura broke through to the highest number in over 1 year; Oxnard is rebounding back to 80 mark; Camarillo has vigorous see-sawing between 35 – 60/ month. June was 60 while July is 40.
- Quarterly graph ending 2nd quarter – All are trending upward for number of homes sold.
Read more….
Detailed data for single family homes sold in:
Detailed data for condos sold in:
Detailed monthly data for pendings (in escrow) – single family homes and condos:
By Leslie | June 8, 2011
In April the number of Notice of Defaults (NODs) was on par (low 400s) with the number of Notice of Trustee Sales (NTSs) – i.e., properties that are going to sale. For May, there was little change in the number of NODs but the number of NTSs jumped by 127 to the mid 500s. The number of Trustee Deeds (REOs) is creeping up. See the details on this chart.
Data is from Foreclosure List Service with permission.
By Leslie | April 12, 2011
Looking at one month of foreclosure activity for Ventura County shows a different skew than the longer term trend of the quarterly reports of the last few years.
Foreclosure activity for March on the monthly graph shows an increase over February. Compare that foreclosure activity to the 1st quarter results for 2011 and you’ll see some fluctuation but an overall downward trend for the last 18 months.
By Leslie | March 14, 2011
Foreclosure activity for January was showing a downward trend. Check out the continuing declining trend of foreclosures for February on this 12 month graph.
The quarterly trends will be updated after the end of first quarter ending in March.