Saturday, April 18, 2009

Weekly Active/Pending counts SFV & Ventura - 04/17/09

Here are the weekly inventory and pending counts for Ventura County and the San Fernando Valley. For the legend Single Family Homes is abbreviated SFH, Ventura County is abbreviated VC and San Fernando Valley is abbreviated SFV. For readers who might not know, REO are bank owned foreclosures and short sales are owners hoping to sell the home for less than what is owed on the mortgage balance.

Update: Please see the home page for the latest graphs, I am reverting earlier weeks to text to maintain site speed.


San Fernando Valley:
Single Family Homes
Active - Total 2640
Active - Short sale 970
Active - REO 250
Backup - Total 482
Backup - Short sale 206
Backup - REO 100
Pending - Total 1511
Pending - Short sale 561
Pending - REO 567
Distressed active / Total active = 46.2%
Distressed pending / Total Pending = 74.7%

Condo
Active - Total 872
Active - Short sale 468
Active - REO 89
Backup - Total 171
Backup - Short sale 93
Backup - REO 36
Pending - Total 443
Pending - Short sale 159
Pending - REO 188
Distressed active / Total active = 63.9%
Distressed pending / Total Pending = 78.3%

Ventura County:
Single Family Homes
Active - Total 1627
Active - Short sale 297
Active - REO 134
Contingent - Total 853
Contingent - Short sale 536
Contingent - REO 98
Pending - Total 733
Pending - Short sale 173
Pending - REO 302
Distressed active / Total active = 26.5%
Distressed pending / Total Pending = 64.8%
Release from Showing 286

Condo
Active - Total 547
Active - Short sale 161
Active - REO 63
Contingent - Total 306
Contingent - Short sale 206
Contingent - REO 47
Pending - Total 233
Pending - Short sale 57
Pending - REO 102
Distressed active / Total active = 41.0%
Distressed pending / Total Pending = 68.2%
Release from Showing 75

2 comments:

Anonymous said...

You have a very informative blog. I like the graphs. Excellent work.

What is the "contigent?" You have "total contingent," "contigent REO" and "contigent short-sale?"

Thanks.

Effective Demand said...

In Ventura County it is a Contingent status in the Valley it is called "Backup offer" status. It is a listing that is technically still active but has an accepted contract on the property with some contingency in place (Contingent on financing, home of choice, inspection, etc). When the contingency clears it will go to the pending status.