Friday, January 13, 2012

Foreclosure Activity

ForeclosureRadar is one of the most widely quoted companies on real estate foreclosure activity nationally.  They also break down their data by county and zip code.

Here's their most recent graphs summarizing foreclosure activity in San Francisco for he last year.  Notice the significant fall off in Notices of Default and Notices of Sale in December compared to November and also compared to last December.  Maybe it's just a gesture acknowledging the holiday season, or maybe not.

There's also a noticeable uptick in Cancellations and a small but steady decline in the number of properties that ended up Back to Bank.

Consistent with the above, there's a noticeable decline in properties in the Preforeclosure stage as well as those Scheduled for Sale compared to last month and compared to December last year.
These trends are not universal in the surrounding counties where, for example, Notice of Sale seems to be sharply up and Cancellations are mostly down.

Thursday, January 12, 2012

San Francisco Year-end Statistics

The number of sales of single family homes and condos/TICs in San Francisco continues an upward trend since hitting a low in 2009.  We're at about 89% of total sales compared to 2007 and 80% compared to 2006.  Selling prices are not showing an increase yet but, even in San Francisco, laws of supply and demand generally work.  (See following post).

As in most years, the number of sales was down slightly compared to November but, generally, monthly sales in 2011 followed the normal seasonal fluctuations.  (Sorry for the "busy" chart).