Santa Clarita Real Estate Blog » 1st quarter 2008 trustee sales

Los Angeles County Foreclosures for April 2008 Show Monthly Declines

admin — Sat, 10 May 2008 22:42:00 +0000

Santa Clarita continues the trend of having low foreclosure numbers compared to the rest of Los Angeles County for March 2008. Important to note is that the number of March 2008 trustee sales was 1.3% lower than the February 2008 trustee sales, which had declined 34.6% from the January numbers, showing a downward trend in the number of new foreclosures. Thankfully, none of the Santa Clarita zip codes are on the Top 20 list for trustee sales in Los Angeles County provided by Property Shark, which has been true since we first started reporting these numbers several months ago.

Palmdale and Lancaster once again retain the top positions on the Los Angeles County foreclosure list, with zip codes 93550 and 93535 showing the highest number of new Trustee Sales in Los Angeles County for March 2008 according to Property Shark with 91 and 96 Trustee Sales, respectively, and 348 and 338 Trustee Sales for the quarter. Next in line are Palmdale’s zip codes 93551 and 93536 with 186 and 171 Trustee Sales for the quarter, respectively. Notice the big jump between the top two zip codes and the rest of the list.

The average owed per these foreclosure data sources can be misleading, since often this includes only the mortgage being foreclosured upon, while often there are large second mortgages and possibly third and fourth mortgages being written off as well. The average loan amount for single family homes, with 8,073 new single family trustee sales for the quarter, was $389,728, down slightly from the average as of the fourth quarter of 2007, which was $397,279.

There are no new additions to the Hot Zone list this month, and some areas have now stayed off the hit list for three consecutive quarters (zips 90220, 90011 and 90043). There are also some areas that re-appeared on the Hot Zone list after being absent for several months (zips 91766, 91744, 90221 and 90280). The trend in the number of new Trustee Sales reported monthly is finally starting to trend downwards each month after a big jump in the number of Trustee Sales during January 2008. Here are the numbers for Los Angeles County, including all types of properties (single family, multi-family and other residential).

Zip	City	APR ’08 # of Sales	APR ’08 Average $ Owed	MAR ’08 # of Sales	MAR ’08 Average $ Owed	FEB ’08 # of Sales	FEB ’08 Average $ Owed	JAN ’08 # of Sales	JAN ’08 Average $ Owed	4Q ’07 # of Sales	4Q ’07 Average $ Owed	3Q ’07 # of Sales	3Q ’07 Average $ Owed
93535	Lancaster	158	$251,215	NA	$NA	97	$238,475	145	$254,700	217	$251,095	174	$241,143
93550	Palmdale	168	$268,263	NA	$NA	114	$269,467	143	$275,645	211	$264,405	186	$255,429
93551	Palmdale	84	$363,464	NA	$NA	59	$369,722	78	$390,351	125	$380,579	104	$394,169
93536	Quartz Hill	90	$292,748	NA	$NA	45	$294,046	78	$307,296	139	$344,391	85	$322,525
90650	Norwalk	63	$386,262	NA	$NA	36	$358,442	74	$416,596	104	$342,704	61	$339,693
91331	Pacoima	81	$389,174	NA	$NA	29	$328,288	72	$377,409	103	$397,923	70	$347,487
93534	Lancaster	88	$231,799	NA	$NA	36	$251,447	70	$261,477	131	$249,274	90	$256,124
91342	Sylmar	83	$387,365	NA	$NA	44	$377,587	68	$497,265	112	$396,154	104	$351,873
93552	Palmdale	70	$284,481	NA	$NA	55	$285,468	65	$335,938	124	$293,888	88	$293,189
90805	Long Beach	56	$387,429	NA	$NA	41	$341,743	57	$364,340	96	$358,768	79	$365,642
91402	Panorama City	53	$373,585	NA	$NA	NA	$NA	53	$354,595	NA	$NA	48	$343,777
91766	Pomona	NA	$NA	NA	$NA	NA	$NA	48	$372,277	NA	$NA	NA	$NA
90044	Los Angeles	56	$330,864	NA	$NA	29	$352,489	48	$312,397	76	$340,101	70	$325,596
90003	Los Angeles	NA	$NA	NA	$NA	28	$326,315	46	$337,889	70	$320,128	64	$359,478
91744	La Puente	70	$325,045	NA	$NA	NA	$NA	41	$323,768	NA	$NA	NA	$NA
91706	Baldwin Park	50	$416,555	NA	$NA	NA	$NA	NA	$NA	NA	$NA	NA	$NA
90221	Compton	NA	$NA	NA	$NA	28	$328,803	38	$266,437	NA	$NA	NA	$NA
90280	South Gate	NA	$NA	NA	$NA	28	$359,604	NA	$NA	NA	$NA	NA	$NA
91335	Reseda	NA	$NA	NA	$NA	28	$387,487	38	$421,662	93	$395,098	57	$393,023
90220	Compton	NA	$NA	NA	$NA	NA	$NA	37	$285,655	NA	$NA	NA	$NA
91767	Pomona	NA	$NA	NA	$NA	24	$339,781	37	$325,816	NA	$NA	52	$335,404
90011	Los Angeles	NA	$NA	NA	$NA	NA	$NA	36	$338,213	NA	$NA	NA	$NA
90047	Westmont	NA	$NA	NA	$NA	26	$319,750	NA	$NA	67	$332,986	50	$347,800
90002	Los Angeles	NA	$NA	NA	$NA	24	$305,251	NA	$NA	68	$320,769	56	$298,677
91306	Los Angeles	NA	$NA	NA	$NA	NA	$NA	NA	$NA	63	$436,470	NA	$NA
91344	Granada Hills	NA	$NA	NA	$NA	NA	$NA	NA	$NA	61	$504,254	61	$476,310
91745	Hacienda Heights	NA	$NA	NA	$NA	NA	$NA	NA	$NA	NA	$NA	53	$453,847
91367	Woodland Hills	NA	$NA	NA	$NA	NA	$NA	NA	$NA	NA	$NA	49	$568,111
91343	North Hills	NA	$NA	NA	$NA	29	$428,101	NA	$NA	61	$410,440	NA	$NA
90043	Los Angeles	NA	$NA	NA	$NA	23	$408,350	NA	$NA	NA	$NA	NA	$NA

Los Angeles County Foreclosures for the First Quarter of 2008 Show Monthly Declines

Linda Slocum — Thu, 03 Apr 2008 04:30:27 +0000

Jul ’07	Aug ’07	Sep ’07	Oct’07	Nov ’07	Dec ’07	Jan ’08	Feb ’08	Mar ’08
1,715	1,897	1,709	2,154	2,443	2,029	3,857	2,527	2,493

Property Shark’s Hot Zone report for the 1st quarter of 2008 (3 months) as well as the 4th quarter 2007 (3 months) and the 3rd quarter of 2007 (3 months) is below. These are the 20 zip codes in Los Angeles County with the highest number of foreclosure trustee sales for the reported time period.

The zip codes with NA instead of numbers on the table below did not make the Top 20 list for that time period.

Zip	City	1Q ’08 # of Sales	1Q ’08 Average $ Owed	4Q ’07 # of Sales	4Q ’07 Average $ Owed	3Q ’07 # of Sales	3Q ’07 Average $ Owed
93535	Lancaster	338	$245,515	217	$251,095	174	$241,143
93550	Palmdale	348	$268,445	211	$264,405	186	$255,429
93551	Palmdale	186	$378,021	125	$380,579	104	$394,169
93536	Quartz Hill	171	$304,108	139	$344,391	85	$322,525
90650	Norwalk	144	$456,094	104	$342,704	61	$339,693
91331	Pacoima	147	$365,830	103	$397,923	70	$347,487
93534	Lancaster	157	$252,595	131	$249,274	90	$256,124
91342	Sylmar	155	$440,574	112	$396,154	104	$351,873
93552	Palmdale	166	$310,208	124	$293,888	88	$293,189
90805	Long Beach	118	$363,199	96	$358,768	79	$365,642
91402	Panorama City	98	$345,540	NA	$NA	48	$343,777
91766	Pomona	87	$361,799	NA	$NA	NA	$NA
90044	Los Angeles	104	$333,404	76	$340,101	70	$325,596
90003	Los Angeles	97	$339,734	70	$320,128	64	$359,478
91744	La Puente	85	$335,303	NA	$NA	NA	$NA
90221	Compton	88	$294,513	NA	$NA	NA	$NA
90280	South Gate	86	$364,924	NA	$NA	NA	$NA
91335	Reseda	96	$406,712	93	$395,098	57	$393,023
90220	Compton	NA	$NA	NA	$NA	NA	$NA
91767	Pomona	NA	$NA	NA	$NA	52	$335,404
90011	Los Angeles	NA	$NA	NA	$NA	NA	$NA
90047	Westmont	104	$360,059	67	$332,986	50	$347,800
90002	Los Angeles	92	$319,418	68	$320,769	56	$298,677
91306	Los Angeles	NA	$NA	63	$436,470	NA	$NA
91344	Granada Hills	NA	$NA	61	$504,254	61	$476,310
91745	Hacienda Heights	NA	$NA	NA	$NA	53	$453,847
91367	Woodland Hills	NA	$NA	NA	$NA	49	$568,111
91343	North Hills	NA	$NA	61	$410,440	NA	$NA
90043	Los Angeles	NA	$NA	NA	$NA	NA	$NA