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Number of Orange County Homes In Distress Continues To Rise

By
Real Estate Agent with North Orange County ReMax Realtor 01213945

Number of Orange County Homes In Distress Continues To Rise


39% of homes in Orange County are in distress and as of Dec. 9th, there are 748 foreclosures and 3,316 short sales on the market in Orange County.

I can help, give me a call at 714-423-1993 or email me at realestateproducer@yahoo.com to discover my successful and effective tactics in securing REO properties in this accelerated and zealous buyer's market.

I also can help on Probate Sales and Trust. 

The following numbers are based on a report from Steve Thomas at Altera Real Estate:

City / Listings / Foreclosures & Short Sales / % Distressed
Aliso Viejo 268 151 56.3%
Anaheim 610 391 64.1%
Anaheim Hills 181 75 41.4%
Brea 97 44 45.4%
Buena Park 164 96 58.5%
Corona Del Mar 140 10 7.1%
Costa Mesa 213 82 38.5%
Coto De Caza 111 26 23.4%
Cypress 130 60 46.2%
Dana Point 250 73 29.2%
Dove Canyon 21 7 33.3%
Foothill Ranch 54 33 61.1%
Fountain Valley 128 50 39.1%
Fullerton 412 177 43.0%
Garden Grove 312 162 51.9%
Huntington Beach 658 217 33.0%
Irvine 733 230 31.4%
La Habra 187 94 50.3%
Ladera Ranch 166 101 60.8%
Laguna Beach 304 32 10.5%
Laguna Hills 143 64 44.8%
Laguna Niguel 344 153 44.5%
Laguna Woods 347 30 8.6%
Lake Forest 175 107 61.1%
Mission Viejo 399 191 47.9%
Newport Beach 488 71 14.5%
Newport Coast 123 6 4.9%
Orange 472 199 42.2%
Placentia 139 66 47.5%
Portola Hills 24 15 62.5%
Rancho Santa Marg. 222 136 61.3%
San Clemente 389 118 30.3%
San Juan 152 43 28.3%
Santa Ana 549 323 58.8%
Seal Beach 292 14 4.8%
Talega 83 31 37.3%
Tustin 292 109 37.3%
Villa Park 36 3 8.3%
Westminster 143 51 35.7%
Yorba Linda 333 118 35.4%
All of O.C. 10,539 4,064

38.6%

Original article: OC Register
Posted by

Jorge Martinez

Cell: 714-423-1993 E-mail: RealEstateProducer@yahoo.com

My Website

 

 

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warrantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

 

Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Question seems to be how we as real estate professionals should respond and help our clients re the 39% of OC home resale market that is distressed.

Dec 19, 2010 10:00 AM