Monday, July 5, 2010
Short Sale & Foreclosures for the San Fernando Valley - June 2010
Here is the sales breakdown for the San Fernando Valley for June 2010. The SFV has a lot more late reporters as a percentage of sales and so it is a bit tougher to discern right now just how weak sales will ultimately be for May. It appears that sales should be even YoY when all the late reporters are counted. These sales levels are extremely weak historically and just an indication of this highly engineered market. With the end of the tax credit it appears it is going out with a whimper not a bang, it looks like the SFV will be down slightly YoY when the late reporters check in.