During the three-month period from July to September, 7,228 homes in San Diego County were in some stage of foreclosure, RealtyTrac reported today. That’s up 27.7 percent from the 5,658 such homes in second quarter this year, and up 155.1 percent from the same quarter 2006.
The unique address measure eliminates a home from being counted more than once if it has two or three notices filed against it. RealtyTrac added that measure to its foreclosure statistics this summer.
But the other way the firm tracks foreclosure activity is by the number of foreclosure filings — the records filed when a house enters or reaches a new stage of foreclosure. (There are three levels of foreclosure here in San Diego: notice of default, notice of trustee’s sale and bank repossession.) RealtyTrac then takes a metropolitan area’s total number of filings and divides the total by that area’s number of houses to determine its foreclosure rate.
For that rate, San Diego County came in 16th among the nation’s largest metropolitan areas in the quarter ending Sept. 30. The county had 12,274 filings in the third quarter — one filing for every 91 homes in the county, the firm reported. Six other California areas were among the top 25 metropolitan areas for foreclosure rates.