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Folsom Short Sale Agent’s Folsom Short Sale Report

Folsom Short Sale Agent and Folsom Short Sale Specialist Presents

The Folsom Short Sale Report For April 2011

Folsom short sales as well as foreclosure activity in Folsom are increasing. For the fourth straight month, Short Sales going pending have¬† increased month over month.¬† Closed short sales are still struggling though… the gap between the number of pending sort sales and closed short sales in Folsom is widening, instead of narrowing.

1 month 1 year 2 years
Mar 11 Apr 11 % Change Apr 10 Apr 11 % Change Apr 09 Apr 11 % Change
For Sale 88 76 -13.6% 68 76 11.8% 71 76 7%
Sold 26 19 -26.9% 10 19 90% 14 19 35.7%
Pended 58 62 6.9% 18 62 244.4% 26 62 138.5%

The number of notice of defaults and notices of trustee sales in Folsom are increasing again after a lul in December and January.

Graph of Foreclosure Filings in Zip Code 95630
95630 – Foreclosure Filings

I find it very interesting that at the same time that short sales in Folsom are increasing, the actual number of foreclosure sales (homes going back to the bank) are staying quite stable (red line below) .

Graph of Foreclosure Inventories in Zip Code 95630
95630 – Foreclosure Inventories

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