Some say you can support anything with STATISTICS.

 Here are some for Orange County RE.

Right now there are 8,410 active properties of all sizes for sale in the OC. Would you believe that there are 6,836 in escrow.  True, 70% of the in escrow properties are short sales which take longer to close.  Compare these numbers to April 08 in which we had almost 16,000 active listings or April 09 which boasted 11,000 active listings.

The good news is that of the 8410 active listings in the OC a full 65% are regular listings while only 35% are distressed listings.  Compare Laguna Niguel which has only 273 active listings.  In LN 73% of the listings are regular listings while 27% are distressed listings.

The point is that real estate statistics are a regional issue.  Don’t be mislead by the national news media that says we still have an over abundance of homes on the market.  In the fall of 2007 we had 750 active listings in Laguna Niguel and nothing was selling.  Remember there are only 5 Mediterranean climates in the world and Orange County California is one of them.  People want to move to the OC and many buyers won’t wait for a short sale.

Short sales and distressed properties are going to be around for a long time, however, so if you need help selling your home as a short sale, check us out at www.4OCshortsale.com.

Many homeowners that are facing hardship such as a job loss or pay reduction are eating through their savings in hopes things will turn around.  If you truly have a hardship then seek advice from professionals you trust before it is too late. Many banks are allowing loan modifications which might work for you.  If not then a SHORT SALE with the JonRon Team may be right for you.  We can even get short sales through if you are not delinquent on your loan.                     Don’t put your head in the sand.

PS  We work with all banks but if your loan is with World Savings or Wachovia call us TODAY because we have a direct line to the decision makers.