The market continues to be strong for the foreclosed homes. So far this year, there have been 3,254 bank-owned homes sold. They range in price from a low of $42,000 to a high of $2,450,000 but the average comes to $326,549. Today, there are only 463 foreclosed homes on the market, and 1,318 in escrow. The ...
The foreclosed homes in Orange County seem to be selling like “hot cakes.” So far this year, 2442 homes that were taken back in foreclosure have been sold and recycled back to buyers. The inventory of Orange County foreclosed homes on the MLS has dropped from 865 a month ago, to 674 today
The market continues to be busy in the lower end of the price range, and bank-owned and short sales are making up about 61% of all closed sales in Orange County. Today, there are a total of 11,577 homes for sale in Orange County. Of those, 4783 (42%) are labeled as either bank owned or short sales. Of ...
A year ago today, I posted my predictions for the Orange County real estate market in 2008. Today, I can look back and see that I got some right, and some wrong. (Isn't that how it always is?)
Now that half the year is over, it's time to take a look at how close to (or far from) reality my predictions were that I made in my December post about 2008 real estate activity. You can go back to read my justifications for ...
