Central Oregon’s Foreclosure Activity for December 2010

Each month, RealtyTrac keeps tabs on all publically recorded foreclosure-related activities — notices of default, foreclosure auction notices and bank repossessions — throughout the country. They also post “foreclosure home” listings -– short sales; bank and trustee auctions; and REOs, along with traditional listings across the country. They make their statistics available on their website on a state-by-state basis (which is then also broken down by county).

Nevada has the dubious honor of having the country’s highest rate of foreclosure:  One in 11 homes in Nevada (more than 9 percent of its housing units) received at least one foreclosure filing in 2010.

In December, 1 in every 84 housing units in Nevada (13,472 homes) received a foreclosure filing; there were 74,526 foreclosure homes for sale in Nevada in December, with an average sales price of $133,495.

 

RealtyTrac’s December Foreclosure Stats for Oregon:

  • There were 28,534 foreclosure homes on the market, with an average sales price of $184,722.
  • 1 in every 583 housing units received a foreclosure filing (i.e., default notice, foreclosure auction notice or bank repossession) in December.
  • Multnomah County had the most filings (490), followed by Washington (423), Clackamas (338), Deschutes (312) and Jackson (199).

Deschutes County update for December:

  • There were 3,544 foreclosure homes on the market, with an average sales price of $154, 289.
  • 1 in every 250 housing units received a foreclosure filing in December.
  • Of the county’s 312 new foreclosure filings, Bend had the most, with 192, followed by Redmond (86), then La Pine (21), then Sisters (13).

Jefferson County update for December:

  • There were 235 foreclosure homes on the market.
  • 1 in every 420 housing units received a foreclosure filing in December.
  • Of the county’s 24 new foreclosure filings, Terrebonne had the most, with 11, followed by Madras (8), Culver (4), and Camp Sherman (1).

Crook County update for December:.

  • 1 in every 367 housing units received a foreclosure filing in December.
  • Of the county’s 27 new foreclosure filings, Prineville had the most, with 11, followed by Powell Butte (4).

Want more foreclosure information relevant to Central Oregon?  Here’s my take on RealtyTrac’s year-end foreclosure report for 2010.

About the Author:
Lisa Broadwater, GRI, CDPE is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend.

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