Community Corner
Foreclosed Homes: How Many And Where They Are In Newark
Realty Trac releases latest information on number of foreclosures, how many are for sale and what they're selling for.
Newark has 160 homes still in some stage of foreclosure, according to information released Thursday by Realty Trac.Β Of those, 10 are for sale.
The median sale price for a foreclosure home in Newark was $360,000 in March, the same as the month before. That compares with a median price of $405,000 for all homes sold in the city.
Foreclosure home sales were down 52 percent compared to the month before and down 62 percent compared to March 2012.
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Foreclosed homes appear to be getting cleared from the market. Between August 1 and March 31, there were 346 foreclosed homes sold in Newark.
Overall, the number of properties receiving a foreclosure filing were up 39 percent from the previous month but fell 49 percent from a year ago.
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The Realty Trac website also contains a list of most of the foreclosed homes now sitting in Newark.
Here are the foreclosure figures for communities in Alameda County. The numbers are current through April 30. The recently sold figures are from August 2012 to March 31, 2013. Current foreclosures don't include homes recently sold.
The Realty Trac website also includes information on foreclosed homes in every county and city in the country.
Realty Trac reported foreclosures across the country were down 5 percent in April from the previous month. Foreclosures also decreased 23 percent from April 2012. Total foreclosure activity in April was at its lowest level since February 2007.
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