Saturday, August 8, 2009

Weekly Housing Inventory update for SFV & Ventura - 08/08/09

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 1969
Active - Short sale 563
Active - REO 148
Backup - Total 703
Backup - Short sale 427
Backup - REO 39
Pending - Total 1565
Pending - Short sale 751
Pending - REO 382
Distressed active / Total active = 36.1%
Distressed pending / Total Pending = 72.4%

Condo
Active - Total 641
Active - Short sale 329
Active - REO 52
Backup - Total 248
Backup - Short sale 192
Backup - REO 13
Pending - Total 547
Pending - Short sale 286
Pending - REO 137
Distressed active / Total active = 59.4%
Distressed pending / Total Pending = 77.3%

Ventura County:
Single Family Homes
Active - Total 1455
Active - Short sale 179
Active - REO 96
Contingent - Total 1017
Contingent - Short sale 665
Contingent - REO 51
Pending - Total 654
Pending - Short sale 184
Pending - REO 204
Distressed active / Total active = 18.9%
Distressed pending / Total Pending = 59.3%
Release from Showing 246

Condo
Active - Total 455
Active - Short sale 104
Active - REO 34
Contingent - Total 406
Contingent - Short sale 295
Contingent - REO 28
Pending - Total 259
Pending - Short sale 88
Pending - REO 87
Distressed active / Total active = 30.3%
Distressed pending / Total Pending = 67.6%
Release from Showing 62

2 comments:

Richie said...
This comment has been removed by the author.
Richie said...

I see that the number of listings has steadily declined over the past year. How does this compare historically? Are we at a historically low number of listings, or did our number of listings just normalize?

What does the decline of listings imply?