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Did short sales dominate Olinda Ranch home sales?

Real Estate Agent with Prudential California Realty

Brea Homes for sale: Short Sales vs. Retail  Sales in Olinda Ranch? Which ones dominated the market?

In looking at Olinda Ranch community in Brea today,  you will find total of 6 homes Active in today's market.  They are combined types of sales with 2 short sales and 4 Retail sales. For the month of December, there were total of 10 homes went into escrow which 5 were short sales, and 5 retails.  The closed ration seems to be almost 50%. There were total of 5 closings in this month.  Two of the homes were short sales which is good news for people looking to short sale their homes. It seems like banks are being more cooperative in getting these deals approved.  There were also total of 3 Retail sales.  So depending on your time frame to buy, both short sales and retail sales exist in this community.  If your a homeowner, right now will be good time with low inventory in your neighborhood.  It seems that both short sales and retail sales are in demand.

 To find out what your home is worth, click on "Whats my property worth?" on www.AshlieDuCros.com   For more information of this community, please contact us.  The link below will show you the list of homes.

       Line Item Report  (Market Report December 2009)


Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thanks for sharing...it's great posts like this one that make active rain such a great place!

Jan 19, 2010 12:10 PM
Gene perez
Greater Mortgage Solutions & Valley Hills Realty - Santa Maria, CA

good post , as for me I wish short sales would just go away but looks like they are here to stay for a bit

Jan 19, 2010 12:40 PM