Yorba Linda Homes Update October 2011

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.  


$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.


$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.


$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. 


$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



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