Saturday, May 19, 2007

Realtytrac Update

Latest numbers from

Pre-Foreclosures - 2,833 properties

Auction - 545 Properties

Bank Owned - 1,260 properties.

Does this look like a "normal" market? Per the local real estate show on Saturday mornings, Bakersfield is in a "normal" market. Also, we now have 4,105 listings which is a 17.5 months supply and last week we had 160+ NOD's.

This sounds like a very bad market to me.


rrastronomo said...

that radio show is a joke. a love fest--no objective but I still try to listen

Anonymous said...

FYI, realtytrac is actually a horrible service to use when charting the foreclosure market, most of their information is anywhere between 7 to 14 days old.

Not knocking them or anything, but the numbers referred too at their site are acutally inaccurate.

Bakersfield Bubble said...

I have never subscribed to realtytrac, however, based on the free part, I agree that it is a crappy service.

Unfortunately, it is the only free service I can post and link to. Their site has shown things increasing for the last year, so I think there is some value to it.

Anonymous said...

I agree, it is a great free indicator.

My comments were not made to offend, I subscribed to it years ago, and then resubscribed recently to see if it reported the preforeclosure and reo market more accurately and timely.

To no avail.

xs10shell said...

Farmers get paid not to produce crops when theres too much. Maybe developers and builders should put in for their subsidies now.

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