Get ready to read the above headline in newspapers as the California Association of Realtors released a report today showing that foreclosures have fueled home sales.
This is not the case in SLO County though. I created the following charts for single family homes (no condos) from Jan 1 – Nov 24. We are a bit behind the volume of home sales as were were at in the same time period last year, but Santa Maria is way up. The pie charts will show why this is the case as you’ll see that the percentage of foreclosures in SLO County is a lot lower than Santa Maria (and other areas in California).