Yorba Linda Homes Update October 2011

By
Real Estate Agent with TNG Real Estate Consultants

Here is the bird's-eye breakdown of the homes for sale in Yorba Linda by price range:  All Data is from the CRMLS Carets system.   Breakdown includes short sales and foreclosures.  You can search for homes on the MLS here --->  WEBSITE.

$100K - $200K

  There are currently 18 homes for sale in the lowest price range.  Of these, 14 are short sales and 2 are foreclosures (also known as REO's).  No big surprise here.  Most of these are 2 Bed condos around 1,000sf in size.  That leaves 2 properties in this price range as standard/regular sales.  

INVENTORY = LOW.

$200K - $300K

  There are currently 39 homes for sale in this price range.  Most are condos.  There are actually quite a few 3 bedroom properties in this price range.  27 of these are short sales and 6 of these are foreclosures (REOs).  Again, no big surprise since the lower end properties today are mostly either short sales or foreclosures.  That leaves a whopping 6 homes that are standard / regular sales.

INVENTORY = HIGH

$300K - $400K

   There are currently 14 homes in this price range with only 4 being short sales and 0 foreclosures.  This is a good sign for this price range and shows that Yorba Linda is a strong city in terms of having a healthy percentage of regular sales.  The more short sales, and the more foreclosures the sharper the decline in prices. There are several 4 bedroom properties in this price range.

INVENTORY = LOW

$400K - $500K

   Now the number of properties jumps up HUGE.  43 homes for sale in this price range. 18 of these homes are short sales and only 4 are foreclosures.  VERY different from the $200K to $300K range where approx. 80% of the properties are either short sale or REO.  A much healthier dose of standard sales here.  Interestingly, the number of homes jumps up sharply after only 14 homes in the red hot $300,000 to $400,000 range.  Of course we know that the less homes available, the greater the demand for that price range and the more homes for sale, the less of a demand for those homes. 

INVENTORY = HIGH

$500K - $600K

    56 homes for sale.  19 are short sales and 2 are REO.  This is an even healthier ratio than the 400 to 500 range.  That means that only 21 of 56 properties listed are distressed properties. 

Nic Petrossi, Realtor  714-272-3646  Npetrossi@yahoo.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
California Orange County Yorba Linda
Tags:
yorba linda homes for sale
yorba linda foreclosures
yorba linda short sales
yorba linda realtors
yorba linda homes update

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
62,481

Nic Petrossi

NIC PETROSSI
Ask me a question
*
*
*
*
Spam prevention

Additional Information