Foreclosure Data

[DaisyDuke]

This morning’s numbers:

OC
3/19/2007 4281 944 2089 56 1829

LA
3/19/2007 15250 2758 8127 103 7764

SD
3/19/2007 6846 1257 5174 27 1637

[Nancy_s soothsayer]

In San Diego, before April 10th (the due date of property tax’s second installment), people facing NOD problems without impound accounts would be sleepless thinking which one to pay first – tax or mortgage. For sure, NODs would skyrocket again after this date.

[sdrealtor]

Good observation! We’ll have to see what happens.

[no_such_reality]

Thanks for the data Daisy, I’m interested in the OC/LA ones.

One quick question, what is the resale (w/agent) column? Is that from MLS, bank REO for sale via agent, or something else?

[DaisyDuke]

The Resale are properties listed with an agent and thus on the MLS.

This morning’s numbers follow. It will probably change by the end of the day:

OC
3/20/2007 4269 938 2106 56 1828

LA
3/20/2007 15138 2665 8318 103 7766

SD
3/20/2007 6823 1217 5218 27 1637

Since first posting data about SD I noted there were 76 FSBO properties, it has been hovering at 27 the last couple of days so I’m inclined to think that might have been a typing error on my part.

DD

[no_such_reality]

The Resale are properties listed with an agent and thus on the MLS

What is their relationship to the foreclosure information though? That’s the part I don’t understand. OC inventory is way higher than 1828 listings.

[DaisyDuke]

The 1828 number is the number of listings (either on the MLS or otherwise) listed with an agent where the agent purposely put it on RealtyTrac. RealtyTrac does not connect to the MLS, so yes, the MLS numbers for OC/LA/SD are much higher.

There isn’t any real relation to the foreclosure data for the FSBO or Resale numbers. Just keeping track of it to see how many people start putting their homes on the market so I can keep an eye on inventory and watch those that are trying to salvage any wealth.

I also track ZipRealty, but I’m sure that any realtor who has access to the MLS can tell that data immediately. I, as a non-realtor, do not. It is rudimentary, but I’m trying to get some factual info.

[DaisyDuke]

This morning’s numbers. Remember they can change (go up) by the end of the day:

OC
3/21/2007 4289 958 2123 56 1828

LA
3/21/2007 15284 2773 8399 103 7766

SD
3/21/2007 6711 1228 5310 27 1637

[DaisyDuke]

Today’s numbers:

OC
3/22/2007 4389 935 2136 23 1794

LA
3/22/2007 15309 2687 8352 30 7737

SD
3/22/2007 6706 1203 5269 12 1648

I don’t know why I find this interesting, but all the FSBO properties in the 3 different counties dropped substantially. I guess they decided to take their property off the market? Did they all sell ?? There is a way to tell in RealtyTrac the addresses of these properties, but I’m just not that interested.

[DaisyDuke]

Today’s Numbers:

OC
3/23/2007 4364 935 2160 23 1800

LA
3/23/2007 15236 2686 8421 31 7756

SD
3/23/2007 6675 1141 5307 12 1632

Are any of you making meaningful sense out of this data? If not, I’ll stop.

DD

[sdrealtor]

Daisy
Its good data but two comments. First, RE is a slow moving ship and weekly reports are more than adequate. Second, presentation is everything and a graphical approach would be much better. If that is beyond your technical abilities (it is past mine!) a narrative comparing to the prior week would be great.

[DaisyDuke]

Oh my word! I’d much rather rely on Excel’s spreadsheets than I would my interpretation of the data. That would really screw everybody up.

I’ll report once a week.

DD

[DaisyDuke]

This morning’s numbers:

OC
3/29/2007 4318 1040 2204 57 1813

LA
3/29/2007 15696 2907 8626 108 7922

SD
3/29/2007 6395 1134 5402 11 1624

[DaisyDuke]

Well, I wasn’t going to report for a few more days but for some reason the Resale properties in RealtyTrac (properties listed by agents) jumped in the three counties (Orange/LA/San Diego). Hmmm. Maybe a lot of people are watching RealtyTrac and the agents believe they will get more exposure? Just sharing information.

OC
4/3/2007 4422 1084 2217 62 2383

LA
4/3/2007 16033 2928 8532 119 9180

SD
4/3/2007 6165 1178 5419 11 1730

[sdrealtor]

FYI,
I get weekly NOD reports from my title company and the list is usually about 70 pages long (4 proeprties/page). This week it was only 40 pages long. I’ll keep you posted as to what happens next.

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