It seems like ALL of the listings in Rancho Santa Margarita are short sales, when in reality only about 1/2 are. 74 short sales vs 79 Non- Short Sales.

BUT - if you look at listings up to 250K (one bedroom, and maybe two bedroom condos), the story is completely different.

$250K max- 19 Short sales vs. 3 Non- Short Sales

$251K to $500K - 29 Short sales vs 24 Non- Short Sales

501K to 750K - 19 Short sales vs 31 Non- Short sales

$751K to $1M - 7 Short sales vs 18 Non- Short Sales

Over $1M - ZERO short sales, 4 Non- Short Sales

Next Blog - What price point are most of the sales taking place?