Pre-foreclosure activity in San Francisco has ticked up from 549 properties in the pipeline in August to 611 today, 39 percent of which are in District 10*. On a year-over-year basis, pre-foreclosure activity is relatively flat with 605 properties in the pipeline in January 2011, 34 percent of which were in District 10.
That being said, the number of properties currently scheduled for auction in San Francisco has dropped significantly since this past August, from 691 to 549 today (40 percent of which are in District 10 versus 43 percent three months prior), down from 690 in January 2011 (at which point 43 percent were in District 10).
Last year roughly 70 percent of scheduled foreclosure auctions in San Francisco were cancelled (only one point above the 69 percent cancellation rate for scheduled auctions in District 10), up from a 66 percent cancellation rate in 2010, 55 percent in 2009, 53 percent in 2008, and 49 percent in 2007.
By our counts, roughly 42 percent of all actual San Francisco foreclosures in 2011 occurred in District 10, up from 39 percent in 2010 but still well below the 48 percent recorded in 2009 or the 58 percent recorded in 2008.
*Editor’s Note: In an attempt to match and map two disparate data sets, we include 94124, 94134 and 94112 in “District 10,” which results in a slightly larger area than the District as defined by the San Francisco Association of Realtors.