Los Angeles Foreclosure Inventories for the past 3 years

    Foreclosure Inventory for Los Angeles County

    The foreclosure inventory for Los Angeles county for the past 3 years can be seen by viewing this graph.  We have posted starting data back to the Fourth Quarter of 2009.  You can see the properties scheduled for sale were at the 37,000 mark.

    The decline is almost 1/2 at present – closing out the third Quarter of 2012.  It would seem that the “bank owned” inventory remained quite flat for Los Angeles County – until Quarter 3 of 2011, only one year ago – the bank owned inventory started to dip a bit.

    The sparatic lines with regard to the pre-foreclosures can be seen jostling around a bit.  However, the levels remained consistent throughout the past three years.

    What can we learn from this information?  First, we can learn we are no where close to where were in April of 2008 with regard to properties scheduled for sale.

    We can also see that the bank owned inventory went from it’s high point of 21930 to a low point – most recently at 14694(Q3, 2012).

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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