I heard on NPR that about 31% of California home sales are distressed sales. What about your area?

I also just heard on NPR that about 31% of California home sales in 2010 are now distressed sales (ie: in one stage or another of foreclosure).  What is your current supply of homes in your town or area?  Please identify where you are located. Let's compare notes on what is really happening in our areas...Thanks again. Thomas Dreyer, Broker
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July 02 2010 - Mill Valley
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The 50% was from last year.
Of the existing homes sold last month, 35.5 percent were properties that had been foreclosed on during the past year. That was down from 38.1 percent in April and down from 50.2 percent a year ago.
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July 13 2010
It seems like around 50% in So Cal. Here is a good source of reliable data.
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July 12 2010
In the past 30 days in my area (Suncoast of Florida, or the Tampa Bay area coastal--Pasco/Pinellas Counties primarily), 41% of all residential sales were distressed properties--either REO, short sales, or pre-foreclosure.

I also checked last month, year-to-date, and last year's sales and the results were all consistently 40% distressed.  I guess we may be trending slightly upward.

Good question, Thomas--thank you for starting such a pertinent discussion--I hope you get lots of responses!
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July 03 2010
For Sacramento County in May we had 1,668 sales including 390 Short Sales and 539 Bank Owned, so we are at about 56% distressed.  How about your area Thomas?
Jeff Werolin
Lyon Real Estate Folsom
HotNorCalHomes.com
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July 02 2010
 
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