San Diego Foreclosure Trends - May 2010

There were 30,594 San Diego foreclosure homes and 5,386 new foreclosure filings in May 2010. The average sales price of an San Diego County CA home was $422,172 and the average sales price of a foreclosed home was $320,411, a savings of $101,761 according to RealtyTrac.com.

San Diego Foreclosure Activity and Home Price Index

Home price appreciation was 0.00% in May with 5,386 foreclosures.

San Diego County CA foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

San Diego Foreclosure Geographical Comparison

San Diego foreclosures were 0.22% above national statistics and 0.07% below state figures.

San Diego Foreclosure Activity by Month

San Diego pre-foreclosure activity decreased from 2,249 in April to 1,911 in May. The number of bank-owned properties decreased from 1,057 to 1,024, while auctions increased from 1,980 to 2,451.

New Foreclosures By Area - May 2010

Solana Beach: 12

Del Mar: 12

Rancho Santa Fe: 15

Poway: 63

Are you or someone you know behind on mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and even some of your credit. Give us a call for a private consultation.

Interested in saving money with a San Diego foreclosure.Get a Free List of San Diego foreclosures for sale.