FORECLOSURES AND SHORT SALES DRY UP IN YORBA LINDA CA

The number of active real estate listings in Yorba Linda, California remained unchanged from June to July 2012, and extremely low. As of the end of July there were 22.6% fewer homes and condos for sale in Yorba Linda, California, than there were at the end of January.

Yorba Linda condo listings are nearly non-existent, and properties for sale in the under $500,000 category are becoming quite rate. This is due, in part, to the reduction in the number of foreclosure listings and short sale listings in Yorba Linda. In fact, since the beginning of 2012, active foreclosures and short sales have decreased by 66.6% and 63.4%, respectively.

Active Real Estate Listings in Yorba Linda CA = 171

Highest and Lowest Real Estate Listing in Yorba Linda CA

• Lowest priced property for sale in Yorba Linda, CA - $147,500.00
• Highest priced property for sale in Yorba Linda, CA - $4,000,000.00

Yorba Linda CA Active Real Estate Listings By Property Type:

• 152 Single Family Residence
• 19 Condo/Townhouse
• 0 Other (Land, Mobile Home, Mixed Use Property, etc...)

Yorba Linda CA Active Real Estate Listing By Sales Type:

• 144 Standard
• 3 REO*
• 19 Short Sale**
• 5 Other (Relocation Sale, Probate Sale, etc...)

Yorba Linda CA Active Real Estate Listings By Price Range:

• 145 Yorba Linda, CA properties priced above $500,000.00
• 26 Yorba Linda, CA properties priced at or below $500,000.00

PENDING REAL ESTATE LISTINGS DROP OVER 22% IN YORBA LINDA CA

Pending real estate sales dropped by over 22% in Yorba Linda, California, from June to July 2012. This was primarily due to the increase in the number of pending sales that closed within the same month. The reduction in pending real estate sales in Yorba Linda was seen across all listing categories, with standard and foreclosure sales making up the majority of the drop, which is to be expected; These 2 listing categories move through the escrow period and close much faster than short sales.

Yorba Linda CA Properties In Pending And Back Up Status = 204

Pending Yorba Linda CA Properties By Sales Type:

• 77 Standard
• 7 REO*
• 117 Short Sale**
• 3 Other (Relocation Sale, Probate Sale, etc...)

32% INCREASE IN YORBA LINDA REAL ESTATE SALES IN JULY 2012

The number of closed real estate sales in Yorba Linda, California jumped over 32% from the end of June to July 2012, and has increased by nearly 105% since January. Sales in all listing categories increased month over month, and as compared to January. However, just as with pending properties, sales of standard listings and foreclosure listings in Yorba Linda experienced the biggest boost, multiplying by 163% and 100% respectively, since the beginning of 2012.

Yorba Linda CA Properties Sold in July 2012 = 90

Yorba Linda CA Properties Sold By Sales Type:

• 58 Standard Sales
• 14 REO Sales*
• 17 Short Sales**
• 1 Other (Relocation Sales, Probate Sales, etc...)

Highest and Lowest Real Estate Sales in Yorba Linda CA in July 2012

• Lowest Yorba Linda real estate sale - $190,000.00
• Highest Yorba Linda real estate sale - $1,725,000.00

What Home Buyers Got For Their Money in Yorba Linda CA in July 2012

For $190,000.00 you could have purchased a condo in Yorba Linda, California with the following features and amenities:

• 2 Bedrooms
• 2 Bath
• 1,128 SF
• Built in 1989
• Carport Parking
• Upgraded
• $320 HOA Dues
• Short Sale
• All Cash Purchase
• Placentia Yorba Linda Unified School District
• Located in the Bryant Ranch Area on the Far East Side of Yorba Linda
• 92887 Zip Code

For $1,725,000.00 you could have purchased a home in Yorba Linda, California with the following features and amenities:

• 5 Bedrooms
• 6 Baths
• 5,033 SF
• 20,998 SF Lot
• 4 Car Attached Garage
• Built in 2005
• $170 HOA Dues
• $158.33 Monthly Mello Roos Fees
• Highly Upgraded Throughout
• Built-In Computer Tech Centers
• Teen Room/Media Room
• Loggia
• Pool and Spa
• Covered Outdoor Island and BBQ
• Outdoor Fireplace
• Outdoor TV
• Standard Sale
• Conventional Financing
• Placentia Yorba Linda School District
• Central/West Yorba Linda
• Located in the Kerrigan Ranch Neighborhood
• 92886 Zip Code

*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which requires lender approval.

Information contained in this market report was compiled from available MLS data as of August 1st, 2012.

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• June 2012 Yorba Linda CA Real Estate Market Report
• July 2012 Brea CA Real Estate Market Report
• July 2012 Corona CA Real Estate Market Report
• July 2012 Placentia CA Real Estate Market Report
• July 2012 Anaheim Hills CA Real Estate Market Report