... great place to live and work ...
with beautiful canyon areas, good wetlands and wildlife, Pacific Ocean coastlines and lots of blue water, fantastic views toward mountains during winter, flat and sandy beaches, mild and pleasant climate almost all year.
We continue to have lots of distressed homes on the market here in Orange County, either REO lender owned, in foreclosure, or short listings.
REO homes continue to sell quickly and with multiple offers.
______________________
ANAHEIM ~
- During May of 2008, there were 43 REO homes sold.
- During May 2009, there were 95 REO homes sold.
- Average time on market for REO sold home is less than 30 days.
- There are now 51 REO homes listed for sale at Anaheim.
COSTA MESA ~
- During May of 2008, there were 11 REO homes sold.
- During May 2009, there were 10 REO homes sold.
- There are now 5 REO homes listed for sale.
- Average time on market for REO sold is less than 30 days.
- Buyer activity at REO has significantly reduced inventory.
HUNTINGTON BEACH ~
- During May of 2008, there were 12 REO homes sold.
- During May 2009, there were 22 REO homes sold.
- There are now 20 REO homes listed for sale.
- Average time on market for REO sold is less than 30 days.
IRVINE ~
- During May of 2008, there were 12 REO homes sold.
- During May 2009, there were 22 REO homes sold.
- There are now just 13 REO homes listed for sale.
- Average time on market for REO sold is less than 30 days.
- Buying activity has signficantly reduced REO listings.
LAKE FOREST ~
- During May of 2008, there were 28 REO homes sold.
- During May of 2009, there were 17 REO homes sold.
- There are now just 4 REO homes listed for sale.
- Average time on market for REO sold is less than 15 days.
- Buying activity has signficantly reduced REO listings.
SANTA ANA ~ Orange County's largest city in terms of people and housing units.
- During May of 2008, there were 64 REO homes sold at Santa Ana.
- During May of 2009, there were 144 REO homes sold.
- There are now 71 REO homes listed for sale.
- Average time on market for REO sold was less than 15 days.
TUSTIN ~
- During May 2008 there were 10 REO homes sold at Tustin.
- During May 2009 there were 23 REO homes sold.
- There are now 11 REO homes for sale at Tustin.
- Average time on market for REO sold was less than 15 days.
Investors have returned to the Orange County market and have been buying entry level homes, mostly in the range under $400K. REO homes in this range are flying off the market.
____________________
If you want information about Orange County homes and properties, please contact us. Thank you.
Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
www.BuyersExploreHomes.com ~ www.ExploreTheOC.com
;)
;)
