Foreclosures and short sales made up nearly nine of every 10 single-family homes sales last month in Lake County.
Distressed sales made up 86 percent of all houses sold in the county in June, according to a report released this week by the California Association of Realtors. That rate was up from 62 percent a year earlier and was the highest rate among among 21 select counties surveyed.
For Sonoma County, the distressed sales rate was 51 percent, compared to 43 in June 2010. The rate for Mendocino County was 63 percent, compared to 32 percent a year earlier.
The state rate was 47 percent, unchanged from a year earlier. Short sales, where the home is sold for less than the amount owed on the loan, made up about 19 percent of the sales. Foreclosures made up about 27 percent. (The two figures would appear to add up to 46 percent, but the association apparently had a reason to round the rate up by 1 percent.)
Here is a sampling of the June distressed sales rates for other counties: Marin, 26 percent; Napa, 51 percent; Humboldt, 29 percent; Solano, 72 percent; Sacramento, 65 percent; and Madera, 83 percent.
– Robert Digitale