Foreclosures remain relatively low for the Santa Clarita area, with only 40 bank-owned (REO) properties for sale.

With rumors about sky-high rates of foreclosures becoming frequent news fodder these days both nationwide and in the Southern California area, a look at the Santa Clarita real estate market shows that there are very few foreclosed (bank owned or REO) properties for sale in the Santa Clarita area.

Below is a listing of bank-owned (REO) homes in the Santa Clarita area as of September 23, 2007:

Short sale (preforeclosure) properties are higher in number than REO’s, with a total of 211 homes listed as short sales in the Santa Clarita area. Areas hardest hit with short sales are Stonegate in Castaic (5 homes), Val Verde area (5 homes), Mint Canyon (4 homes), American Beauty Village (5 homes), Peachland Condos (5 homes) and the Siena Villas (4 homes). These are mostly lower-priced homes, with an average price of $483,000, low price of $155,000 and high price of $985,000.

Click here to see all available foreclosure and short sale (preforeclosure) homes in the Santa Clarita area.

Information obtained from SoCal MLS and is deemed reliable but not guaranteed.

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