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Prescott area is 25th in foreclosures nationwide for Q1 2009

By Patrick Schutte, Certified Foreclosure Specialist, on April 23rd, 2009

RealtyTrac®, RealtyTrac.com, the leading online marketplace for foreclosure properties, says that in the first quarter the Prescott Arizona MSA ranked 25th in the nation in terms of foreclosure filings with only Phoenix-Mesa-Scottsdale having a higher ranking in AZ.   Cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure rates in the first quarter among metro areas with a population of 200,000 or more.

Prescott just achieved the MSA ranking last year and it’s nice to be on the national studies.  However, we’d just as soon not see these numbers of foreclosures in Prescott, Prescott Valley, Chino Valley, and the Dewey-Humboldt area.  With an 84% change over Q1 of 2008, the Prescott MSA ranks 8th in the nation in terms of year over year growth.

“The metro areas with the highest levels of foreclosure activity in the first quarter of 2009 paint a picture of concentrated problems in a relatively small number of hard hit areas,” said James J. Saccacio, chief executive officer of RealtyTrac. “Sales activity appears to be increasing in some of these markets as home prices have fallen to levels that are attractive to first-time homebuyers and investors. While we expect many of these metro areas to continue to experience high levels of foreclosure activity throughout 2009, we also expect to see other markets rise up the ranks as unemployment rates surge throughout the country.”

U.S. Metro Foreclosure Market Data – Q1 2009

Rank
 Metro Name Properties with FC Filings 1/every x HU (rate) %HU with FC filings % change from Q4 2008 # change from Q1 2008
– U.S. Total 803,489 159 0.63 9.16 23.63
1 Las Vegas-Paradise, NV Total 35,321 22 4.48 18.81 103.93
2 Merced, CA Total 3,497 24 4.21 17.39 46.75
3 Cape Coral-Fort Myers, FL Total 13,875 26 3.85 -5.52 36.11
4 Stockton, CA Total 8,430 27 3.72 29.97 11.51
5 Riverside-San Bernardino-Ontario, CA Total 50,885 28 3.54 40.94 36.64
6 Modesto, CA Total 5,931 29 3.42 29.16 10.57
7 Bakersfield, CA Total 7,260 37 2.7 26.61 41.99
8 Vallejo-Fairfield, CA Total 4,023 37 2.69 25.56 33.57
9 Phoenix-Mesa-Scottsdale, AZ Total 41,382 40 2.48 6.03 78.87
10 Port St. Lucie, FL Total 4,439 46 2.15 -2.61 64.53
11 Sacramento–Arden-Arcade–Roseville, CA Total 18,175 47 2.14 37.74 25.18
12 Reno-Sparks, NV Total 3,837 47 2.14 30.64 132.69
13 Orlando-Kissimmee, FL Total 17,669 50 2 -4.15 67.92
14 Naples-Marco Island, FL Total 3,771 51 1.96 10.49 127.31
15 Salinas, CA Total 2,622 53 1.88 10.77 38.36
16 Fresno, CA Total 5,572 55 1.83 36.97 46.17
17 Visalia-Porterville, CA Total 2,308 59 1.7 28.51 82.31
18 San Diego-Carlsbad-San Marcos, CA Total 17,887 63 1.58 35.05 16.79
19 Oxnard-Thousand Oaks-Ventura, CA Total 3,921 69 1.44 47.52 66.14
20 Los Angeles-Long Beach-Santa Ana, CA Total 59,652 74 1.35 41.62 42.82
21 Sarasota-Bradenton-Venice, FL Total 4,991 78 1.28 -6.8 16.1
22 Miami Fort Lauderdale-Pompano Beach, FL Total 30,477 79 1.26 -26.64 11.36
23 Tampa-St. Petersburg-Clearwater, FL Total 16,464 80 1.25 -11.18 39.4
24 Daytona Beach-Ormond Beach, FL Total 3,049 81 1.24 -2.02 53.6
25 Prescott, AZ Total 1,273 82 1.22 35.71 84.23
26 Palm Bay-Melbourne-Titusville, FL Total 3,143 84 1.19 -4.47 36.41
27 Boise City-Nampa, ID Total 2,785 85 1.18 14.85 150.68*
28 Lakeland, FL Total 3,264 85 1.18 -18.07 33.33
29 Greeley, CO Total 1,078 86 1.16 2.57 -23.76
30 Santa Rosa-Petaluma, CA Total 2,241 88 1.14 5.31 60.3
31 Ocala, FL Total 1,806 88 1.13 8.34 63.59
32 Fayetteville-Springdale-Rogers, AR-MO Total 2,051 89 1.12 0.64 71.63
33 San Francisco-Oakland-Fremont, CA Total 18,285 92 1.08 21.08 23.31
34 San Jose-Sunnyvale-Santa Clara, CA Total 6,732 94 1.06 32.62 41.88
35 Atlanta-Sandy Springs-Marietta, GA Total 21,880 97 1.04 4.52 -2.99
36 Detroit-Warren-Livonia, MI Total 18,907 100 1 -6.83 -7.07
37 Provo-Orem, UT Total 1,404 101 0.99 25.58 136.76
38 Santa Barbara-Santa Maria-Goleta, CA Total 1,484 102 0.98 36.4 58.89
39 Jacksonville, FL Total 5,682 103 0.97 -8.9 24.69
40 Chicago-Naperville-Joliet, IL-IN-WI Total 35,291 106 0.94 32.63 69.03
41 Santa Cruz-Watsonville, CA Total 923 111 0.9 28.02 66.01
42 Flint, MI Total 1,683 117 0.85 -4.43 -2.94
43 Memphis, TN-MS-AR Total 4,638 118 0.85 14.15 -6.40††
44 Canton-Massillon, OH Total 1,499 118 0.84 20.98 89.03
45 San Luis Obispo-Paso Robles, CA Total 969 119 0.84 27.33 124.31
46 Toledo, OH Total 2,412 124 0.81 -12.07 28.5
47 Chico, CA Total 762 124 0.8 9.17 81.86
48 Lansing-East Lansing, MI Total 1,555 126 0.79 17.8 19.07
49 Columbus, OH Total 6,075 127 0.79 7.71 13.81
50 Rockford, IL Total 1,117 129 0.78 27.51 30.8

*Actual increase may not be as high due to data collection changes or improvements

† Collection of some records previously classified as NOD in this state was discontinued
starting in January 2009

†† Collection of some records previously classified as NOD in this state was discontinued
starting in September 2008

About RealtyTrac Inc.

 

RealtyTrac RealtyTrac.com, is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data.

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To search for foreclosures in the Prescott Arizona area

 

 

 

 

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Categories: Arizona Foreclosure News, Market Statistics, National Foreclosure News, Prescott Foreclosure Info| |

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