The number of notices of default and trustee deeds filed in San Diego County in September fell for the third consecutive month.
The county assessor recorded a 4-percent drop in notices of default (NODs) from August. The 2,795 NODs filed were the fewest in a single month since November 2008. However, the figure is still more than double the total filed in September 2008.
The number of trustee deeds was down more significantly with a 15-percent month-to-month decline. While 1,156 trustee deeds is a high one-month total from a historical standpoint, it is 41 percent lower than the number recorded in September 2008.
(The MLS is showing 2,690 closings at $232/sf last month for all residential properties. In September, 2008 there were 3,004 closings, at $248/sf.)