The number of notices of default and trustee deeds filed in San Diego County in September fell for the third consecutive month. 

The county assessor recorded a 4-percent drop in notices of default (NODs) from August.  The 2,795 NODs filed were the fewest in a single month since November 2008. However, the figure is still more than double the total filed in September 2008.

The number of trustee deeds was down more significantly with a 15-percent month-to-month decline. While 1,156 trustee deeds is a high one-month total from a historical standpoint, it is 41 percent lower than the number recorded in September 2008.

(The MLS is showing 2,690 closings at $232/sf last month for all residential properties.  In September, 2008 there were 3,004 closings, at $248/sf.)

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