Professional Documents
Culture Documents
40.0%
20.0%
0.0%
0 FMAMJ JA SOND0 FMAMJ JA SOND0 FMAMJ JA SOND0 FMAMJ JA SOND1 FMAMJ JA SOND1 FMA
-20.0% 6 7 8 9 0 1
-40.0%
-60.0%
Sales Pending Median © 2011 rereport.com
Page 2
Susan Strouse, B.S., M.A.
Santa Cruz County Homes: Year-Over-Year Median Price Change
Strouse Realty Group
40.0% American Dream Realty
30.0% 5522 Scotts Valley Dr.
20.0% Scotts Valley, CA 95066
10.0% (831) 338-6481
0.0% Susan@StrouseRealtyGroup.com
-10.0% 0 F MA M J J A S O N D 0 F MA M J J A S O N D 0 F MA M J J A S O N D 1 F MA M J J A S O N D 1 F MA http://www.StrouseRealtyGroup.com
-20.0% 7 8 9 0 1 DRE #01228878
-30.0%
-40.0%
-50.0%
FORECLOSURE STATISTICS
Notices of default, the first step in the foreclosure pro- In January, cancellations were up 11.7% year-over-
cess, in Santa Cruz County decreased 32.1% in March year, and up 11.7% from February.
from the year before. Notices were up 14.7% from Feb-
Properties going back to the bank rose in March from
ruary.
February by 22.6%. Year-over-year, properties going
Notices of sale, which set the date and time of an auc- back to the back also rose 22.6%.
tion, and serve as the homeowner's final notice before
The total number of homes that have had a notice of
sale, were down 22.3% year-over-year, and down
default filed declined by 20.1% in March compared to
16.9% from January.
March 2010. They were down 2.7% from February.
After the filing of a Notice of Trustee Sale, there are
The total number of homes scheduled for sale de-
only three possible outcomes. First, the sale can be
creased by 6.3% from February, and, were down 3.9%
cancelled for reasons that include a successful loan
year-over-year.
modification or short sale, a filing error, or a legal re-
quirement to re-file the notice after extended postpone- Unfortunately, the total number of homes owned by the
ments. Alternatively, if the property is taken to sale, the banks was up 24.8% year-over-year. Ouch!
bank will place the opening bid. If a third party, typically
an investor, bids more than the bank's opening bid, the
property will be sold to the third party; if not, it will go
back to the bank and become part of that bank's REO
inventory.
Page 3
THE REAL ESTATE REPORT
Santa Cruz County
http://www.StrouseRealtyGroup.com