The statistics in Clark county have gone up again. After leveling out at the 200 to 250 per month level for the last half year or so, the numbers have gone up.
In March 2010 the Notice of Trustee Sale filings in Clark County went up to 430. That is the second highest number of foreclosures in the county’s history. In June of 2009 the number reached 486.
With a typical level being in the neighborhood of 60 to 65, the March rate was in the area of 6 1/2 to 7 times what might be considered normal.
The federal government has been working with banks to limit the rate of foreclosures. This, with the intent of managing damage to the market, by not allowing very large floods of foreclosed properties to enter the market. These fluctuations in the numbers are likely influenced by those management efforts.
Pacific West Appraisal Services, Inc.
pwas.net