San Diego County Foreclosures Down in 2014

Good news on the foreclosure rate front for San Diego County!

housing market forecastHere are the details on foreclosures in San Diego County this past year, based on a San Diego Union-Tribune article (“Foreclosures fell 31 percent in 2014”. Jonathan Horn. 20 Jan. 2015):

  • Foreclosures are at an eight-year low here in San Diego County.
  • In 2014, 1,666 properties were repossessed. That’s 31 percent less than the 2,408 foreclosures in 2013!
  • The foreclosure rate was the lowest since 2006 (when 1,621 homes were repossessed).
  • The median price for homes in San Diego County was $436,500.
  • In December 2014, 137 properties were foreclosed on.
  • 5,191 default notices were issued in 2014 — the lowest amount since 2005 (when there were 3,933).

Read the full article by U-T San Diego here.

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