DISCOVERY BAY, Calif.--(BUSINESS WIRE)--Foreclosure Radar, a foreclosure listings and software company, today announced that 5,316 California foreclosures were sold at auction in March, representing a 27% increase from February and a 264% increase in the last 6 months. Of the $2B worth of properties sold in March, 4,796 went back to the lender after receiving no bids, representing $1.82B.

While foreclosure sales are increasing throughout the state, Foreclosure Radar reports significant regional differences. Despite considerable news coverage of San Diego foreclosures, San Diego County ranked 15^th highest with one foreclosure for every 5,668 residents in March; Los Angeles easily ranks number one in volume each month, but adjusted for population, Los Angeles County ranks 38^th with one foreclosure for every 12,182 residents.

“Foreclosures sold at auction now account for 15% of all home sales in California and continue to rise,” said Sean O’Toole, CEO and Founder of Foreclosure Radar. “This isn’t just a story about failing subprime lenders and their customers. At the current pace, foreclosures will be a significant part of the real estate economy. A fact which bears close scrutiny even in areas that are not yet affected.”

Foreclosure Radar is the only service that tracks the actual auctions of property on a daily basis, and not the county records tracked by others, which can be weeks behind actuality. The data presented by Foreclosure Radar is based on individual sales results at daily foreclosure auctions throughout the state: not estimates or projections.

An Opportunity for Real Estate Professionals and Investors

Foreclosure Radar will be launching a revolutionary new foreclosure service for real estate professionals and investors later this month. In addition their unique foreclosure data and analysis will be available through select media outlets. For more information and to be notified when the service launches