Los Angeles?had?12,920 foreclosure homes with?1 in every?447 homes receiving a foreclosure filing in?February 2012. The average price of a Los Angeles home was $460,915 and the average sales price of a foreclosed home was $283,883, according to RealtyTrac.com, a $177,032 savings.
Los Angeles?Foreclosure Activity and 30 Year Interest Rate
The interest rate on a 30 year mortgage was 3.89% in?February and there?were?1,986?new foreclosures, down from?2,129 in?January.
Foreclosure activity is based on the total number of properties that receive foreclosure filings ? default notice, foreclosure auction notice or bank repossession ? each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.
Los Angeles?Foreclosure Geographical Comparison
Los Angeles?foreclosures were 0.06% above national?statistics,?0.13% below California numbers, and 0.07% below Los Angeles County figures in February.
Los Angeles?Foreclosure Activity by Month
The number of bank-owned properties decreased from?348 in?January to?275 in?February. Pre-foreclosure activity?dropped from?715 properties to 802. The number of auctions decreased from?1,066 to 909. There is currently a six month 'falling' trend.
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Eileen Walsh has a reputation for tough, yet fair, negotiation, and for facilitating real estate transactions to a successful close. She has earned the loyalty of repeat clients who rely on her for all of their real estate needs. Eileen's goals are to ensure Los Angeles real estate sellers that they receive top net dollar for their properties in the shortest amount of time and to help Los Angeles homebuyers find the property which best meets their objectives at the fairest price.?
Empowered with the appropriate people skills, market knowledge, deal-making track record and dedication to her clients, Eileen has shown that she is THE INTELLIGENT CHOICE to represent you in your next Los Angeles real estate transaction.
For more information about buying or selling your Los Angeles home, please call Eileen direct at 310-738-3807 or via email at eileenwalsh.realestate@gmail.com.?
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