Fueled by the value and affordability of foreclosures and short sales, demand below $500,000 has swelled to its highest level of the year. Total Orange County demand now exceeds last year’s level by 63% and 2006’s level by 26%. Demand, the number of pending sales over the past month, increased by
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08/11/2008
The active listing inventory has shed 398 homes in the past two weeks, bringing it to the lowest level of the year, 14,358. The inventory continues to buck the trend of growing through the Spring and Summer markets. Instead, it has remained just below the 15,000 mark for most of 2008 until its re
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08/11/2008
The distressed home market, foreclosures and short sales, now accounts for 41% of the active inventory and 57% of demand. The distressed inventory grew by 56 additional homes in the past two weeks. An interesting statistic is the portion of distressed homes in the various ranges in comparison to
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08/11/2008
Total Pending Sales are now at 4,248, a decrease of 22 homes. Remember, this statistic is different than demand, which shows the prior month’s activity. These are TOTAL pending sales, including those that have been pending for months. Compared to last year, total pending sales are up 73%. The yea
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08/11/2008
LinksView the virtual tourPhoto GalleryDescriptionLowest price per sq. ft. condo/townhome in all of 92629 that's not a short sale! End Unit Townhouse next to large secluded greenbelt. Features include recessed lighting, Win-dor double-paned windows throughout with transferrable warranty, plush ne
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08/08/2008
End Unit 3 Bedroom Townhome in Dana PointLocation: Dana HillsLowest price per sq. ft. townhome in Dana Vista! Not a short sale! End Unit Townhouse next to large secluded greenbelt. Features include recessed lighting, Win-dor double-paned windows throughout with transferrable warranty, plush neutr
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07/02/2008
The financial crunch is still impacting liquidity in the upper ranges. Demand is off by more than 30% compared to last year for all homes priced above $750,000. With demand off in the upper ranges by more than 30%, do not be surprised when the media reports a significant year over year drop in
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05/06/2008
Remember, the conventional loan limit and FHA loan limit were both just raised to $729,750. However, there are now three tiers of loan rates: the old conventional loan limit up to $417,000, $417,001 up to the new limit of $729,750 and then $729,751 on up. The original intent was to expand the l
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05/06/2008
The volume of distressed homes in the lower ranges has provided the fuel for the decline in pricing. 77% of all distressed properties are priced below $500,000 and 94% are priced below $750,000. Short sales and foreclosures now make up 36% of the current active inventory versus 35% two weeks ag
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05/06/2008
Compared to last year, demand is stronger, there are fewer homes on the market and the expected market time is much lower. The first time home buyer wave continues to grow and plant the seeds to an eventual recovery. First time home buyers are fueling a surge in activity that continues to flou
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05/06/2008
