Looking at both the quarterly and monthly numbers, there’s no doubt we’re seeing a decline in foreclosures. I wouldn’t be surprised if it’s a rocky road with occasional spikes upward, but there’s a big push to help distressed homeowners “somehow” – either through loan mods, short sales or whatever – and that’s having an effect.

Here’s the monthly chart for June

Here’s the quarterly chart, through the second quarter, 2012

Also at that last showing Wednesday afternoon, with a young man and his Realtor by his side, Leslie asked the man “Have you been bloodied yet”?  A quizzical look crossed his face.

She simply wanted to know how frustrated he was in trying to buy a home!

We laughed and asked him how many other offers he’s previously made and not yet connected – “just one”. We encouraged him to hang in there, work hard with his Realtor and don’t delay when his Realtor says they need to check out a new listing.

Leslie told him “Your Realtor earns every penny she makes”!

That Realtor and Leslie talked about what it was like back in 2005, when a spouse would immediately write up an offer without the other spouse even seeing the property first.  Crazy times again!

Leslie recently took a listing on a very cute Woodbridge (Ventura) condominium. She had an open house this past Sunday afternoon and listed the home on the MLS on Monday.

A long and steady stream of would be buyers and “looky-lous”came by on Sunday, and when the listing hit the MLS on Monday, things went crazy.

Leslie opened the home up Wednesday afternoon at 2:30 and again at 5:00 so more agents could show the property to their clients. When she left the office for the latter showing, I tagged along – curious to watch “the show”.

3 parties viewed the home at the latter showing – and all ultimately made offers.  Leslie already had in hand over half a dozen offers before that last showing.

So as Leslie and I were sitting on the sofa as these individuals previewed the home, she leaned over and whispered to me “This is pathetic”. What did she mean? Read the rest of this article »

Listed below are the June results for the sold prices of homes, the number of homes sold and number of homes in escrow – a future indicator of homes sold.

This data is taken from the Ventura, Oxnard and Camarillo MLS.

To see the detailed charts for Ventura, Oxnard and Camarillo, please see the links below.

The percentage of single family homes that were distressed sales in the month of  June are:

Ventura -42%      Oxnard – 68%      Camarillo – 38%

Sold prices – Single family homes in Ventura, Oxnard, Camarillo:

• 12 month graph
• Quarterly graph ending Q2

Sold prices – Condos in Ventura, Oxnard, Camarillo:

• 12 month graph
• Quarterly graph ending Q2

Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:

• 12 month graph
• Quarterly graph ending Q2

Detailed data for single family homes sold in:

• Ventura
• Oxnard
• Camarillo

Detailed data for condos sold in:

• Ventura
• Oxnard
• Camarillo

Detailed monthly data for pendings (in escrow) – single family homes and condos:

• Ventura
• Oxnard
• Camarillo

All data is taken from the Ventura, Oxnard and Camarillo MLS.