Is It Really a Buyers’ Market?
June 3, 2010 by Christine · Leave a Comment
According to the Orange County Register, the number of distressed properties is down almost 6% from a year ago.
Distressed properties are homes that are either foreclosures or short sales. And, together, they currently make up 29.8% of the homes for sale in Orange County. This has dropped from last year at this time when they made up 35.9% of Orange County’s inventory.
Further, the average foreclosure is only on the market for 1.12 months, making it a hot seller’s market for foreclosures. Short sales are not far behind with an average marketing time of only 1.53 months.
Have you heard that it’s a buyers’ market, and are confused by these numbers? It’s true that in many parts of the country, it’s a buyers’ market, but Orange County has some of the most popular real estate in the world, and it shows in these numbers.
If you have been trying to buy a home, especially under $750,000, you may have discovered that you have a lot of competition for the best priced and best condition homes.
How can you get your offer accepted in this competitive market, see How to Effectively Write Your Offer to Purchase.
See below for foreclosures and short sales that are currently for sale in Huntington Beach, Costa Mesa and Newport Beach. If you are interested in homes in other cities or non-distressed homes, please contact Christine at 714-319-9751.
Showing properties
1 - 5 of 45.
See more Huntington Beach Foreclosures.
(all data current as of
2/5/2012)
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$315,000 : 200 Pacific Coast Hwy 209, Huntington Beach1 bed, 1 full, 1 part baths
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$520,000 : 6042 Calvin Cir, Huntington Beach4 beds, 1 full, 1 part baths
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$105,500 : 4467 Chase Dr 24, Huntington Beach2 beds, 1 full bath
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$440,000 : 5381 Meadowlark Dr, Huntington Beach3 beds, 1 full, 1 part baths
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$109,900 : 16512 Blackbeard Ln., Huntington Beach1 bed, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Showing properties
1 - 5 of 6.
See more Newport Beach Foreclosures.
(all data current as of
2/5/2012)
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$599,000 : 2728 Vista Del Oro, Newport Beach3 beds, 3 full baths
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$520,000 : 200 Paris Ln 106, Newport Beach2 beds, 2 full baths
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$1,300,000 : 2009 Miramar Dr, Newport Beach3 beds, 2 full baths
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$727,000 : 424 32nd Street #B, Newport Beach1 bed, 2 full, 1 part baths
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$449,900 : 408 Vista Suerte, Newport Beach2 beds, 1 full, 2 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Showing properties
1 - 5 of 22.
See more Costa Mesa Foreclosure.
(all data current as of
2/5/2012)
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$519,900 : 587 Pierpont Dr, Costa Mesa4 beds, 2 full, 1 part baths
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$424,900 : 2873 Ballow Ln, Costa Mesa3 beds, 2 full baths
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$504,000 : 2380 Norse Ave, Costa Mesa3 beds, 2 full baths
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$330,000 : 898 Towne Street, Costa Mesa3 beds, 2 full, 1 part baths
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$399,900 : 2652 Santa Ana Ave 2, Costa Mesa3 beds, 1 full, 2 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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About the author: Christine Donovan is a California Residential Real Estate Broker with
experience in assisting clients buy and sell residential real estate.
Contact me for a free list of Orange County foreclosures or a free list of Orange County short sales
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at 714-319-9751 to discuss your options.
Want to buy a home or to list your property for sale in Newport Beach? Contact me at 714-319-9751 to learn about my system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
