Salinas: Californian Hotbed of Foreclosures
Salinas currently has a total of 2,881 foreclosure listings and properties registered for the real estate listings auctions in the offing. These homes at the foreclosure auctions in Salinas command a median listed price of $301,750, and the prices have got reduced by over 20 percent in the last month. Property auctions in Salinas are dominated by several property brokers, with Eugene Ferris, Gaylon Haney, Kathleen H. Jackson and Cheryl Savage prominent among them. The government foreclosures have increased by over 12 percent all over the US during the month of August, 2008 over the previous month. During August, 2008, while one in every 416 US households is estimated to have received a foreclosure filing, the corresponding figure for California during the same period was one in every 65 Californian households. Indeed, the state of California currently accounts for a high one-third of all foreclosure activity in the US.
Salinas is the county seat of Monterey County, in California State of the US. It is situated at the entrance of the Salinas Valley, a mere eight miles from the Pacific Ocean, and enjoys a moderate and placid climate. Salinas is an important agricultural hub and famed for being the native land of the noted author and Nobel Prize laureate John Steinbeck. Among the various cities and places that form the suburbs of Salinas may be included: Soledad, Carmel-by-the-Sea, Seaside, Del Rey Oaks, Sand City, Gonzales, Pacific Grove, Greenfield, Monterey, King City, Marina, Aromas, San Lucas, Boronda, San Ardo, Bradley, Prunedale, Carmel Valley Village, Pajaro, Castroville, Moss Landing, Chualar, Las Lomas, Del Monte Forest, Elkhorn and Spreckels.
Internet Educates about Foreclosure Auctions
The quickest and best means of information about the real estate listings auctions in Salinas is in modern times the internet. The net enables you to have the latest data pertaining to the proposed property auctions in Salinas from the comfort of your home through just leisurely mouse clicks. Besides getting to know the physical specifications of the foreclosed homes offered for purchase, you can even see pictures of the properties. Some websites enable you a front view, a profile depiction as well as an aerial glimpse of the homes on sale. No wonder, the National Association of Realtors estimates that over 80 percent of prospective homebuyers tap into the versatile and constantly-updated resources of the internet as their first aid in their search for appropriate homes to buy.
A few real estate websites devoted to Salinas are updated as frequently as thrice every day. They also have vast resources of articles that a novice in the real estate economy will find greatly enlightening. Besides, the websites often have a section titled FAQs {Frequently Asked Questions} that unravel every facet and quirk of what the government foreclosures mean to the lay investor and guide you on how to derive the maximum profit from the current boom in inexpensive homes for sale. Practical tips that the sites contain will prove quite handy to you when you go about selecting houses or bidding for them at the foreclosure auctions.
