Bank-Owned Foreclosures in Aliso Drop to Near Zero

By
Real Estate Agent with REALTY ONE GROUP 01482941

May 14, 2012 - - - According to Steven Thomas, over the last 2 weeks Aliso Viejo Market Time improved a bit.  The real estate market went from extremely difficult to very difficult for buyers. As of May 10, Market Time is at 0.81 Months – still heavily in favor of the sellers.  All homes under $750,000 are receiving multiple offers (except those priced 20% over Market)!  For Sellers, this is the best opportunity in years!

 

Demand is down 10% since April 26!  I firmly believe this is due to the low inventory in Aliso Viejo.  105 listings is only HALF the normal number of around 200.  Demand is 129 new escrows per month.  That is still very high. Normal is about 75, 76.

 

Inventory is up a little.  There are 105 places for sale in Aliso - up 8% over the last 2 weeks.

 

May 14 - - -

Bank-owned foreclosure listings dropped to near zero in Aliso Viejo!

 

Aliso Viejo Listing by Type:

Standard Sellers = 58 - 59%, no change since May 1.

Short sales = 38 - 38%, up 4 more points!

Bank-owned foreclosures = 3 – 3.0%, down 4.2 percentage points over just the last 2 weeks!

 

If You want a list of every bank-owned foreclosure in Any city in Central or South Orange County, just ask me for it at MRGodleski@GMail.com

 

The steep climb in Aliso Viejo list prices has stopped!  Homes listed less than $350,000 climbed 4 percentage points to 29% of the market.  But most homes in Aliso Viejo are still listed above $449,000!

 

Aliso Viejo Listings by Price as of May 14:

Less than $350,000 = 29 residences - 29%, up 4 percentage points since May 1!

$350,000 - $475,000 = 30 - 30%, down 2 points!

And > $475,000 = 41 - 41%, down 2 points!

 

I believe in giving People a Break!  Selling Your Home is an expensive ordeal.  I know what I can Sell Your Home for and I do a Great Job!  So I pass those savings on to You!

 

Sell Your Home For Less Commission! 

I will Sell Your Home for $10,175* + 2.3%!  Compare That to the traditional 6% or even the 5% that some agents charge!  Call Me and I Will Make It Happen!  (949) 330-3320 Mark Raymond Godleski REALTOR®
*Applies to Homes Selling for up to $1,450,000

www.MarkRaymondSellsSoCal.com

Dana Point 4 Bdr 2155 SqFt $599,000

Dana Point, 4 Bdr, 2155 SqFt $599,000 Call Mark at (949) 330-3320

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Topic:
Real Estate Market Trends
Location:
California Orange County Aliso Viejo
Tags:
foreclosures
short sales
dana point
aliso viejo real estate

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Rainer
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David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Hi Mark - I am also an agent in South OC and agree that it is tough to be a buyer in the overall market right now!! Regards Dave

May 14, 2012 08:58 AM #1
Rainmaker
3,025,759
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Mark - This a very good news Aliso Viejo and the real estate market in Orange County. Thanks for sharing very good blog.

May 14, 2012 09:23 AM #2
Rainer
12,815
Mark Raymond Godleski
REALTY ONE GROUP - Aliso Viejo, CA
REALTOR - (949) 330-3320

Thanks John, David,

A Buyer under $500,000 needs thick skin and a good REALTOR to be successful in South OC today!

May 14, 2012 10:42 AM #3
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Rainer
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Mark Raymond Godleski

REALTOR - (949) 330-3320
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