Currently there are a total of 7,489 homes and condos listed for sale in south Orange County which in this report we define to include the cities of: Aliso Viejo, Coto De Casa, Corona Del mar, Dana Point, Irvine, Laguna Hills, Laguna Beach, Lake Forest, Laguna Niguel, Mission Viejo, Newport Beach, Newport Coast, Rancho Santa Margarita, San Clemente, San Juan Capistrano and Tustin.
Of these 7,489 homes , there are 1,034 Bank Owned REO, Foreclosure and Short Sale properties for sale, which represents 13.8% of the total inventory. We will track these statistics twice per month and report as the data is gathered. It’s looking like a great time to buy for prices have also dropped by about 10% from the peak in prices which was around the 2nd quarter of 2005′
