Sacramento REO Inventory

The number of REO (a term for bank-owned / foreclosed property) listings in Sacramento has grown exponentially over the last year. If ya'll read my blog, you will know that I love stats. There are some interesting, yet predictable, trends with bank-owned property in Sacramento...

For the new reader of this blog - Sacramento is full of micro-markets. The mass media doom and gloom has its place in certain micro-markets here, but does not equally affect the entire Sacramento metro area. I don't want to bore everyone with a reiteration of the same old stuff, so for you folks who want to brush up on 'Erin's Real Estate Principles 101', you can check out some past posts (More on Market Conditions, November Statistics, and The East Sacramento Anomaly are good places to start).

Anyway, so let's explore REO inventory trends in Sacramento County. The graph shown above illustrates REO inventory for the entire county. You can notice the obvious upward trend...also take note that it seems that many buyers are taking advantage of this excess inventory and snagging these (note the sold and pending sales).

Now let's explore REO inventory trends in Elk Grove...you will see that this second graph illustrates that there has also been an exponential increast in Elk Grove REO property. If you put this graph side-by-side with the overall Sacramento REO inventory trend, they almost look identical.

Finally - let's take a look at the Sacramento core area - midtown / downtown Sacramento, Land Park, Curtis Park, East Sacramento, etc. Need I explain the difference?

Click HERE to see the graphs. Unfortunately they do not fit well in this blog format...if anyone wants to see any geographic areas specifically, shoot me an email at erin@erinattardi.com and I am happy to email them to you directly.