11,453 Homes Offered For Sale on Countrywide Financial's Website
Total REO Asking Price: 1,845,595,537
(As of April 6, 2009)
Source: http://www.countrywide.com/purchase/f_reo.asp
Click on state below for detailed listings.
| State | Count | Total Asking Price($) | Average Asking Price($) |
| AK | 29 | 5,376,700 | 185,403 |
| AL | 162 | 22,914,886 | 141,450 |
| AR | 57 | 5,687,299 | 99,777 |
| AZ | 658 | 97,732,200 | 148,529 |
| CA | 2,694 | 637,381,149 | 236,593 |
| CO | 161 | 26,520,897 | 164,726 |
| CT | 90 | 15,674,666 | 174,163 |
| DC | 27 | 5,769,198 | 213,674 |
| DE | 22 | 3,490,800 | 158,673 |
| FL | 985 | 125,282,569 | 127,190 |
| GA | 533 | 64,780,416 | 121,539 |
| HI | 66 | 23,392,900 | 354,438 |
| IA | 33 | 2,595,500 | 78,652 |
| ID | 79 | 19,587,000 | 247,937 |
| IL | 432 | 53,450,741 | 123,729 |
| IN | 192 | 11,592,292 | 60,377 |
| KS | 39 | 3,943,000 | 101,103 |
| KY | 84 | 8,095,699 | 96,377 |
| LA | 47 | 6,065,393 | 129,051 |
| MA | 127 | 21,500,197 | 169,293 |
| MD | 219 | 44,804,972 | 204,589 |
| ME | 21 | 1,374,896 | 65,471 |
| MI | 688 | 48,810,794 | 70,946 |
| MN | 323 | 47,278,294 | 146,372 |
| MO | 133 | 11,883,100 | 89,347 |
| MS | 80 | 7,761,294 | 97,016 |
| MT | 16 | 5,410,400 | 338,150 |
| NC | 217 | 32,126,696 | 148,049 |
| ND | 04 | 489,600 | 122,400 |
| NE | 26 | 2,525,300 | 97,127 |
| NH | 34 | 5,565,599 | 163,694 |
| NJ | 160 | 32,604,992 | 203,781 |
| NM | 35 | 4,788,298 | 136,809 |
| NV | 809 | 120,744,634 | 149,252 |
| NY | 176 | 36,756,195 | 208,842 |
| OH | 256 | 16,796,590 | 65,612 |
| OK | 90 | 10,011,999 | 111,244 |
| OR | 107 | 21,609,317 | 201,956 |
| PA | 116 | 11,867,598 | 102,307 |
| RI | 63 | 6,692,201 | 106,225 |
| SC | 107 | 20,075,698 | 187,623 |
| SD | 09 | 947,099 | 105,233 |
| TN | 188 | 22,213,550 | 118,157 |
| TX | 443 | 59,721,445 | 134,811 |
| UT | 69 | 20,980,999 | 304,072 |
| VA | 281 | 47,952,881 | 170,651 |
| VT | 04 | 405,600 | 101,400 |
| WA | 159 | 33,147,199 | 208,473 |
| WI | 80 | 7,223,100 | 90,289 |
| WV | 19 | 1,799,095 | 94,689 |
| WY | 04 | 392,600 | 98,150 |
| Total | 11,453 | 1,845,595,537 | 148,537 |








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Note: California Average REO Asking Prices have increased +4.2% from last month, and are down -41% from their peak of $400,000.
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3 comments:
These are some very interesting charts. They look somewhat similar to what I've seen at ListingSupply.com, which tracks the number of MLS listings in various markets. I think a lot of big investors are looking to cheap real estate for protection from the coming inflation.
One reason the REO average price for CA is ticking upwards might be that properties in CA upscale neighbourhoods have just begun to enter the REO market. For instance, an house that sold for 2 millions in 2005 might be on sale now (as a REO) for 1 million, not necessarily a good thing for CountryWide. A thorough analysis of the REO portfolio in CA is needed to confirm this hypothesis.
Or maybe it is just a blip. :)
Where did these homes go? I watched four Countrywide owned homes on one street (Cowan Way, Livermore, CA) until they were no longer listed. It did not appear they sold. Are these becoming part of the phantom inventory?
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