Orange County Short Sale Stats

Even tough the Orange County CA. real estate market has firmed up substantially in the past 6 months, there are still many distressed property sellers comprising of Bank Owned REO properties and Short Sales. In particular, Short Sale listings have remained rather steady throughout much of this year. Even though the total number of homes Active for sale has been decreasing, and the number of homes being sold In Escrow has steadily risen throughout much of this year, which is an indication of  a market that is firming up.  The below chart shows the total number of Active new properties listed for sale in Orange County on a monthly basis, compared to the number of new Short Sale listings, and the ratio of the number of Short Sale listings per total number of new listings.  As one can see, the number of new listings, total and short sales, has remained rather steady throughout much of the year.

 We also charted the number of total closed properties per month, and the total number of closed short sales per month for Orange County.   A couple of things to note from this chart, is that only about 50% of all listings are selling and closing in today’s market.  And short sales, are closing at a slightly worse rate than that. 

If you have any questions regarding Short Sales listed for sale, please feel to drop us an email at:  Info@eVantageRE.com.   To view all Aliso Viejo Short Sales listed for sale, Click here.