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.

This entry was posted on Tuesday, March 9th, 2010 at 6:50 pm and is filed under Advice on real estate, Good news, Listings, Short sales, market statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.