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Tracking San Francisco foreclosures (REO’s)

by sfishome on January 20, 2010

San Francisco foreclosure update – Banked Owned properties on the SFAR MLS:

In wondering if REO’s are up, down or flat in the City the most interesting finding is just how down total homes for sale are – not much pickings out there for Buyers.

Today’s Jan 19th 2010 update:
Homes = 38 REO’s of 368 total listed single family homes for-sale. So 10.3% of all current listings are REO’s.
Condos = 19 REO’s out of 422 condos listed for sale or 4.5%

Here’s the chart with previous reports below it:

The last REO update on Nov 25, 2009:
Homes = 37 REO’s of 484 total listed for-sale or 7.6%
Condos = 15 REO’s of 606 condos or 2.5%

Homes = 31 REO’s of 578 total listed for-sale or 5.4%
Condos = 29 REO’s of 668 condos or 4.3%

On July 18th 2009 San Francisco MLS listed foreclosures were:

Homes = 31 REO’s of 578 total listed for-sale or 5.4%
Condos = 29 REO’s of 668 condos (not including TIC’s etc this time) or 4.3%

My February 2009 update included TIC’s and lofts
Homes = 44 REO’s of 570 total homes listed for-sale or 7.7%
Condos = 23 REO’s of 949 condos/lofts/TIC’s/coops (condo only number is a better metric – and I estimate at least 220 were TIC’s of the total) so 5.2% of San Francisco condos were REO’s

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