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Ryan Lundquist is a Certified Residential real estate appraiser serving the Greater Sacramento Region. He is FHA approved and does work for brokers, banks, governmental agencies, Realtors, attorneys, home owners and more. Ryan speaks some Spanish too.

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The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist. The information on this website is meant soley for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation or any other potential appraisal-related purpose. The material found on this website is meant for casual reading only. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose, please contact us for more information. Thank you.

Quick Statistics: Los Banos & Patterson Sales in 2008-2009 – Foreclosures & Short Sales

los banos and patterson mapThe cities of Los Banos and Patterson are located in the Central Valley of California off of Interstate 5 in Merced County and Stanislaus County respectively. If you are not from the area, but you have traveled through California along I-5, chances are you have at least seen exit signs for both Patterson and Los Banos. I have appraised many properties in both cities over the past year and I figured I would throw up some quick and informative data as an FYI. The data below is based upon the past twelve months of sales in MLS for single family residential detached properties.  

City of Los Banos Real Estate Market Data: 08/28/08 – 08/28/09

  • Last year the city of Los Banos in Merced County had 1555 sales
  • 1379 of these sales were bank-owned properties (89%)
  • 70 of these sales were short sales (4.5%)
  • 93.5% of total sales in Los Banos were either bank-owned or short sales
  • Los Banos has a 18.4% unemployment rate as of July 2009 (EDD)

Los Banos CA Sales August 2008 to August 2009 Trend Graph

City of Los Banos Links:

City of Patterson Real Estate Market Data: 08/28/08 – 08/28/09

  • Last year the city of Patterson in Stanislaus County had 1108 sales
  • 989 of these sales were bank-owned (89%)
  • 83 of these sales were short sales (7.5%)
  • 96.5% of total sales in Patterson were either bank-owned or short sales.
  • Patterson has a 21.9% unemployment rate as of July 2009 (EDD)

Patterson CA Sales August 2008 to August 2009 Trend Graph

City of Patterson Links:

What do you notice form the data above? Does anything stand out to you? Why do you think both of these communities have been plagued by foreclosures as well as a high unemployment rate? Feel free to share your thoughts by commenting above (just under the post title).

Please contact me at 916-595-3735 or info@lundquistcompany.com if you have any questions about the data above or a need for more detailed analysis or valuation.

http://www.lundquistcompany.com/blog Quick Statistics: Los Banos & Patterson Sales in 2008-2009 – Foreclosures & Short Sales

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