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And then again... the darker side of south county real estate!

By
Mortgage and Lending with Aliso Niguel Mortgage - a division of Magellan Capital Group

From San Clemente's Talega perspective, the latest Orange County home inventory report from Steve Thomas at Altera Real Estate - as of February 17 - shows these conditions vs. countywide trends ...

SliceTalegaO.C.$500k to $750k
Supply to sell 109 10,678 2,178
Deals in escrow 24 2,923 623
Distressed deals 45 4,078 174
% distressed deals 41% 38% 18%
"Market time" months to sell 4.54 3.65 3.50
  • Year ago
  • 2.45 2.51 2.37
  • 2 years ago
  • 5.65 4.09 3.85
    • The newest "market time" of Talega - Thomas' math that tracks theoretical time it would take to sell all listed homes at the pace of new escrows opened - is 4.54 months. That is +85.5% (or roughly 63 days) in a year. Over two years, it's -20% or 33 days.
    • "Market time" of Talega is +27 days vs. Orange County's overall time to sell.
    • The community's share of its new deals in escrow involving distressed properties - foreclosures or short sales - is 41% or +3.09 percentage points vs. countrywide share.
    • Note that this community has 0.8% of all the deals in escrow countywide - and 1.1% of all distressed deals in the works. Meanwhile, the city has Talega has 1.0% of the entire supply of resale residences that are listed for sale in Orange County.
    • Chart tracks supply of homes listed; new escrows opened; distressed deals entering escrow; distressed share; "market time" in months to sell last week; year ago; and 2 years ago for Talega plus countywide trends as well as one key price slice for Orange County ...
    • For more stories from Altera Real Estate's stats, CLICK HERE.
    Posted by

    Bryan Parks Wilson

    Aliso Niguel Mortgage

    C 949-533-9333  F 949-215-1753

    www. alisoniguelmortgage.com

    Comments (3)

    Social Media Marketing Companies
    Seattle, WA

    Amazing!  I have some areas here that are taking 8 months to sell a home

    Mar 03, 2011 05:39 PM
    Tim Lorenz
    TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
    949 874-2247

    We are going backwards and will soon be where we were 3 yrs ago.

    Mar 03, 2011 05:49 PM
    Bryan Wilson
    Aliso Niguel Mortgage - a division of Magellan Capital Group - Aliso Viejo, CA
    Refinance & Home Purchase - Conforming and Jumbo Loans - FHA and VA.

    Not so rosey... that is for sure.

    Mar 04, 2011 06:38 AM