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Serving San Diego, Rancho Santa Fe, La Jolla, Del Mar, Solana Beach, Carmel Valley and surrounding areas. Foreclosures in San Diego County spiked in April, but still remain well below record-high foreclosures reported during the San Diego real estate downturn.
Banks repossessed 162 homes in San Diego County in April – 20 more than in March, according to foreclosure statistics from real estate tracking firm DataQuick.
That’s  compared to 85 homes repossessed in the county in April 2006, during the height of the real estate market boom.

Real estate experts said April’s slightly higher foreclosures are due to bank activity, and are no reflection on real estate in San Diego.
A stronger economy and large annual appreciation gains in 2013 have significantly improved the local housing market. April’s median sale price in San Diego County was $435,000, up 8.7 percent from one year ago, according to DataQuick.
Default notices, which begin the 90-day foreclosure process, are also down in the county in cities such as Carmel Valley, Del Mar, La Jolla, Rancho Santa Fe, Santaluz, Solana Beach.
Liz Nederlander Coden – Serving San Diego, Rancho Santa Fe, La Jolla, Del Mar, Solana Beach, Carmel Valley and surrounding areas.

Those healthy double-digit appreciation gains have allowed property owners who were behind on their mortgages to sell at a profit.
At their peak, foreclosures reached a staggering 2,004 in the county in July 2008, when they were also at record levels nationwide. Analysts warn that pricing has since slowed, and they predict flatter housing prices in 2014 due to San Diego homes for sale prices that may have rebounded a bit too quickly.

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