|
Distressed Housing Market Data:
• Equity sales made up 52.7 percent of home sales in December, down up from 55.1 percent in
November but up from 51.7 percent in December 2010.
• The total share of all distressed property types sold statewide rose to 47.3 percent in December,
up from November’s 44.9 percent but down from 48.3 percent in December 2010.
• Of the distressed properties sold statewide in December, 22.2 percent were short sales, up
from the previous month’s share of 21 percent and up from last December’s share of 19.6 percent.
• The share of REO sales rose in December to 24.6 percent, up from November’s 23.5 percent, but
down from the 28.3 percent recorded in December 2010.
Multimedia:
View a chart of pending sales compared with closed sales
|
Type of Sale |
Dec-10 |
Nov-11 |
Dec-11 |
|
REOs |
28.3% |
23.5% |
24.6% |
|
Short Sales |
19.6% |
21.0% |
22.2% |
|
Other Distressed Sales (Not Specified) |
0.4% |
0.5% |
0.5% |
|
Total Distressed Sales |
48.3% |
44.9% |
47.3% |
Single-Family Distressed Home Sales by Select Counties (percent of total sales)
|
County |
Dec-10 |
Nov-11 |
Dec-11 |
|
Amador |
71% |
44% |
48% |
|
Butte |
39% |
36% |
51% |
|
Humboldt |
27% |
28% |
29% |
|
Kern |
71% |
60% |
64% |
|
Lake |
81% |
58% |
63% |
|
Los Angeles |
48% |
46% |
49% |
|
Madera |
60% |
88% |
80% |
|
Marin |
34% |
30% |
37% |
|
Mendocino |
57% |
52% |
45% |
|
Merced |
60% |
64% |
64% |
|
Monterey |
65% |
59% |
56% |
|
Napa |
54% |
53% |
49% |
|
Orange |
38% |
36% |
42% |
|
Riverside |
67% |
61% |
63% |
|
Sacramento |
66% |
63% |
63% |
|
San Benito |
66% |
65% |
75% |
|
San Bernardino |
72% |
64% |
67% |
|
San Diego |
28% |
27% |
28% |
|
San Luis Obispo |
46% |
44% |
48% |
|
San Mateo |
28% |
28% |
28% |
|
Santa Clara |
39% |
32% |
37% |
|
Santa Cruz |
40% |
46% |
41% |
|
Siskiyou |
44% |
33% |
54% |
|
Solano |
74% |
72% |
70% |
|
Sonoma |
55% |
51% |
51% |
|
Tehama |
84% |
54% |
54% |
|
California |
48% |
45% |
47% |
C.A.R.’s Distressed Home Sales information is generated from a survey of more than 70 associations of REALTORS® and MLSs throughout the state.
CA Distressed Home Sales Statistics for Dec 2011 - Download entire presentation here: PPT PDF
