Foreclosure Listings Site Reports Decrease in Foreclosed Homes in San Diego
New Foreclosure Online, a Web site dedicated to foreclosed homes, has seen a recent decrease in the number of homes listed in San Diego County.
San Diego, CA (PRWEB) March 28, 2008 -- The number of foreclosed homes in San Diego County is decreasing as the year continues, according to New Foreclosure Online. The site, which specializes in foreclosure listings throughout the country, has seen fewer homes listed from the Southern California county, which follows trends throughout the state.
It is no surprise that the number of San Diego County homes listed on New Foreclosure Online is down. A recent report from ForeclosureRadar reveals that 1,275 foreclosed homes were sold at auction in February, compared to 1,612 in January. This gives San Diego County the 25th highest rate of foreclosed homes for sale in the state of California, compared to its previous ranking of the 17th highest rate. San Diego currently has one foreclosure for every 2,405 homes in the county.
The team of experts at New Foreclosure Online knows that there are and will continue to be many great opportunities to purchase foreclosed homes for sale in San Diego at extremely reasonable rates, though. While the number of foreclosure listings in the county is down from recent months, it is still at a high rate compared to a year ago when there were only 450 foreclosures. This means that prices will continue to decline, and new home buyers will continue to have many affordable options available to them.
For more information about foreclosed homes, visit www.newforeclosureonline.com.