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 ...
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 |
|
2.45 | 2.51 | 2.37 |
|
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.
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