Number of “Bank Owned” Sales Down in Tuolumne County

The California Association of Realtors published this article recently with great news. In California bank owned sales of single family homes are decreasing while equity sales are increasing. The month of July 2013 compared to July 2012 showed the following:

• Bank Owned Sales July 2013 = 5% of total sales
• Bank Owned Sales July 2012 = 18% of total sales 

• Equity Sales July 2013 = 83% of total sales
• Equity Sales July 2012 = 59% of total sales 

We are seeing the same trend in Tuolumne county:

• Bank Owned Sales July 2013 = 16% of total sales
• Bank Owned Sales July 2012 = 36% of total sales 

• Equity Sales July 2013 = 82% of total sales
• Equity Sales July 2012 = 51% of total sales

These are positive signs of a recovering market.

Posted by:

Robin Rowland

Keeping it Local & Keeping it Real