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New Foreclosures October 2008

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Foreclosure Properties
Street/City/State/Zip Status Beds/Baths Amount
Pre-foreclosures 3 / 2 $11,372
Pre-foreclosures 4 / 3 $9,591
Foreclosure Auctions 4 / 3 $310,000
Foreclosure Auctions 4 / 3 $282,500
Pre-foreclosures 3 / 1 $11,803
Pre-foreclosures 3 / 2 $6,016
Pre-foreclosures NA / NA $10,329
Pre-foreclosures 3 / 2 $12,525
Pre-foreclosures 4 / 2 $8,070
Foreclosure Auctions 3 / 3 $372,450
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California Trends JUL. YTD.
New Foreclosure Filings 72,285752,999
Foreclosure Sales 45,242253,187
Avg Sales Price $ 251,296$ 277,401
Total Savings 30 % 29 %
Fair
0% – 10%
Good
11% – 30%
Excellent
31% +
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RealtyTrac Information Centers

 

Lancaster, the eighth-largest city in Los Angeles County, is also one of the county’s fastest growing cities. It is located just an hour north of the Los Angeles in the Antelope Valley. It is separated from the Los Angeles Basin by the San Gabriel Mountain Range to the south and from Bakersfield and the San Joaquin Valley by the Tehachapi Mountain Range to the north. With affordable housing and year-round clear, blue skies, Lancaster has grown from 37,000 residents at the time of incorporation in 1977, to an estimated 134,000 residents today.

Lancaster’s affordable housing offers a huge investment opportunity for real estate investors, agents and home buyers seeking foreclosures, HUD foreclosures, bank-owned homes, VA foreclosures and auction properties. RealtyTrac provides an up-to-date foreclosure list of the Lancaster area, along with in-depth property research tools and the latest real estate news and information to help you make smart investment decisions when buying foreclosure real estate.

With inexpensive land and business-friendly policies, Lancaster today attracts national and local companies in many businesses and industries as well as families pursuing the American Dream of homeownership in a close community. Throughout its recent growth, Lancaster has retained a family-focused hometown spirit.

With media household income of $61,298, and housing prices below the state average, 70 percent of Lancaster’s residents own their own home.

Since 1930, when the Air Force began conducting flight tests at Muroc Air Field (now Edwards Air Force Base), Lancaster has grown steadily since that time. It is home to many employees of Edwards Air Force Base, as well as to employees of Boeing, Lockheed and Northrop, all of which have plants in the Antelope Valley.

State Facts
  • State Population: 36,132,147
  • Households: 12,989,254
  • Median Home Price: $534,513
  • State Foreclosure Trend:
Top 5 Foreclosures States
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