1. Impact of Foreclosures on
Single-Family Home Sales
in Jefferson County 2007-2009
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2. 3
9
8
2
7
5
4
6
1
12
47
61
86
110
200
267
284
574
22
78
57
93
149
189
235
274
654
27
74
75
123
202
247
307
362
607
2007 2008 2009
Number of Foreclosures in
Each Residential Area
by Year
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3. Source: 2007 Tax Rolls
39%
30%
22%
28%
27%
23%
21%
23%
18%
1
2
3
4
5
6
7
8
9
Percent of Assessed Value Lost
Due to Foreclosure
Impact of Foreclosures on Single-Family Home Sales
in Jefferson County 2007
PVA
Residential
Area
Number of
Foreclosed
Homes
Total Assessed
Value of
Foreclosed
Homes
Average Assessed
Value of
Foreclosed
Homes
Total Sales
of
Foreclosed
Homes
Average
Sale of
Foreclosed
Homes
Difference
Between Sale
Price and
Assessed Value
Difference as
Percent of
Total Assessed
Value
Average Loss
on Sale of
Foreclosed
Home
1 574 $39,726,120 $66,335 $24,047,319 $40,000 $15,678,801 39% -40%
2 86 $7,883,940 $78,235 $5,539,835 $53,368 $2,344,105 30% -32%
3 12 $3,380,470 $164,725 $2,622,782 $139,391 $757,688 22% -15%
4 267 $27,191,590 $98,950 $19,651,414 $71,000 $7,540,176 28% -28%
5 200 $21,011,700 $94,060 $15,393,386 $70,050 $5,618,314 27% -26%
6 284 $32,821,020 $106,880 $25,280,998 $82,225 $7,540,022 23% -23%
7 110 $18,815,540 $146,705 $14,919,359 $121,629 $3,896,181 21% -17%
8 61 $17,841,180 $240,260 $13,780,957 $202,000 $4,060,223 23% -16%
9 47 $8,362,920 $151,050 $6,849,546 $120,000 $1,513,374 18% -21%
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4. Source: 2008 Tax Rolls
Impact of Foreclosures on Single-Family Home Sales
in Jefferson County 2008
PVA
Residential
Area
Number of
Foreclosed
Homes
Total Assessed
Value of
Foreclosed
Homes
Average
Assessed Value
of Foreclosed
Homes
Total Sales
of
Foreclosed
Homes
Average
Sale of
Foreclosed
Homes
Difference
Between Sale
Price and
Assessed Value
Difference as
Percent of
Total Assessed
Value
Average Loss
on Sale of
Foreclosed
Home
1 654 $43,812,180 $63,000 $24,761,083 $35,000 $19,051,096 42% -44%
2 93 $9,279,520 $81,520 $6,212,140 $50,100 $3,067,381 36% -39%
3 22 $4,736,820 $155,290 $3,892,634 $136,500 $844,186 24% -12%
4 235 $24,214,540 $99,500 $15,494,551 $64,000 $8,719,989 36% -36%
5 189 $19,677,510 $97,600 $13,250,323 $65,000 $6,427,187 34% -33%
6 274 $33,323,110 $114,400 $23,433,335 $78,884 $9,889,775 30% -31%
7 149 $26,511,010 $148,720 $19,215,930 $110,000 $7,295,079 26% -26%
8 57 $16,960,850 $223,600 $12,737,831 $184,500 $4,223,019 23% -17%
9 78 $16,330,920 $184,465 $11,718,729 $139,000 $4,612,191 25% -25%
42%
36%
24%
36%
34%
30%
26%
23%
25%
1
2
3
4
5
6
7
8
9
Percent of Assessed Value Lost
Due to Foreclosure
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5. Source: 2009 Tax Rolls
Impact of Foreclosures on Single-Family Home Sales
in Jefferson County 2009
PVA
Residential
Area
Number of
Foreclosed
Homes
Total Assessed
Value of
Foreclosed
Homes
Average
Assessed Value
of Foreclosed
Homes
Total Sales
of
Foreclosed
Homes
Average
Sale of
Foreclosed
Homes
Difference
Between Sale
Price and
Assessed Value
Difference as
Percent of
Total Assessed
Value
Average Loss on
Sale of
Foreclosed
Home
1 607 $36,116,250 $53,300 $21,473,071 $30,000 $14,643,179 40% -44%
2 123 $13,314,300 $85,920 $9,060,980 $58,500 $4,253,320 34% -32%
3 27 $4,306,460 $165,540 $3,257,296 $140,000 $1,049,164 24% -15%
4 307 $32,629,010 $101,770 $19,735,925 $63,750 $12,893,085 39% -37%
5 247 $26,313,030 $94,490 $16,717,260 $60,000 $9,595,770 37% -37%
6 362 $45,501,440 $118,095 $28,710,546 $75,000 $16,790,894 37% -36%
7 202 $33,247,190 $144,500 $22,108,137 $100,000 $11,139,053 33% -31%
8 75 $19,379,440 $215,000 $13,332,758 $152,000 $6,046,682 31% -29%
9 74 $13,886,130 $158,525 $9,807,329 $114,875 $4,078,802 31% -28%
40%
34%
24%
39%
37%
37%
33%
31%
31%
1
2
3
4
5
6
7
8
9
Percent of Assessed Value Lost
Due to Foreclosure
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6. Notes:
• Data sources for this report include the 2007, 2008, and 2009 Tax Rolls; the Master Commissioner lists of foreclosure sales
for 2007, 2008 and 2009; PVA Residential Zones; and the current REMF Parcel database.
• The Tax Rolls were used to get the correct assessment value prior to foreclosure sale.
• The Master Commissioner’s lists of foreclosure sales were used to get the value at time of sale.
• The parcels were used to link the addresses and locate them in the correct PVA Residential zones.
• Next steps…
• To acquire the 2007, 2008 and 2009 “L” “V” sales and add that to the existing tables.
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