Foreclosure Activity continues in Contra Costa County

Here is the list of Notice of Default filed in Contra Costa County as of August 4th.

Here is the list of Bank Owned Properties in Contra Costa County as of August 4th.

Higher than normal foreclosure activity is expected to continue for the next12 to 18 months in Contra Costa County. The foreclosure activity will be one market force continuing to put downward pressure on housing prices in the area. Keep in mind that the majority of homes going into foreclosure are at the bottom half of the market.

High-end homes are not suffering the downward price pressure from foreclosures. It is more the sluggish economy and uncertainty of buyers that is slowing sales in this price point.

The best deals for buyers and investors will most likely be realized over the next 6 months – unless something unexpected enters the mix.

If you are interested in foreclosures or bank owned properties contact Craig (925) 984-4910. He is our team specialist in this area.

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