From the monthly archives:

March 2010

Orange County CA Short Sale market update

by vbindi on March 30, 2010

This is another of the Short Sale market updates for residentail real estate market here in Orange County, CA. This report is brought to by the professionals at Short Sales ASAP, for real estate that is Active for sale, pending in Escrow, and Sold in the past 90 days, for all residential properties as compared to short sales. Currently there are 5,635 detached homes active for sale, and 1,246 short sale properties active for sale. The ratio of Short Sales to the Total is 22.1% .

There are now a Total of 3,260 attached condos listed for sale, and 1,119 of these active listings are short sales. This represents a ratio of Short Sales to Total condo listings of 34.3% .

Currently there are a grand total of 3,981 detached homes under contract in Escrow in Orange County. Of this total, 2,177 are short sales, which represents a ratio of 54.7% for Orange County .

In addtion, there is now a Total of 3,185 condominiums currently pending in Escrow, and 2,084 short sales in escrow, for a ratio of short sales to the grand Total of 65.4% .

In Orange County in the past 90 days, there have been a total of 3,497 detached homes that have Sold and closed escrow. Of this amount, 809 were Short Sales sold, which yields a ratio of Short Sales to the Total of 23.1% .

Lastley, for attached condos that have sold in the past 3 months, there have been 2,464 units that have closed. Of this Total, 776 were closed Short Sale condos, which represents 31.5% of the total.

There are some interesting observations to make, First, notice the large increase in the Ratio of Short Sales to Total when you compare Active for Sale to Pending in Escrow. This is due to the fact that most Short Sales are bargain priced and many home buyrs today are seeking value. But the next observation is even more interesting. Notice how the ratio of Short Sales to the  Total, decreases substantially when comparing Pending in Escrow to Sold in the past 90 days. This shows the high failure rate of Short Sale transactions. In the past 90 days, approximately 58% of detached Short Sale Transactions failed, and 52% Short Sale condo transactions failed to close.

The cause of this high rate of failure is many neighborhood Real Estate Agents do not have the experience to close short sales consistently. The Short Sales ASAP group are Orange County Short Sale specialists and have a closing succes rate of over 95%. For more information or questions about Short Sales, feel free to call us at: (949) 254-4774, or email us at: Info@ShortSalesASAP.com

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Coto De Caza Short Sale Realtor market report

by vbindi on March 28, 2010

This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Coto De Caza and throughout Orange County. This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 195 detached homes listed for sale in Coto De Caza , California. The median price of these homes for sale is $1,395,000 and the average price per square foot is $397. 18 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

There are now 10 condominiums listed for sale in Coto De Caza. The median price for these listed condominiums is $429,900 and the average price per square foot is $253 . Of this total, 7 are short sale listings. The median price of these short sale units is $409,000 , and the average price per square foot is $238 . The ratio of short sale condo listings to the total listings is 70% .

For homes under contract, there are 33 detached homes in escrow on this date, and the median price is $899,000 . Of this total, 13 are short sales in escrow, which is 39% of the total detached properties in escrow in Coto De Caza , and the short sale median price in escrow is $834,900 .

For condominiums in escrow, there are now 3 attached units under contract, with a median price of $460,000 . Of this number, 3 are short sales, which calculates to be 100% of the total pending units, and the median price is $460,000 .

In the past 3 months, there have been a total of 39 detached homes that have sold and closed escrow in Fullerton . The median price was $940,000 and the average price per square foot was $282. Of this total were 5 were short sale properties in the city of Coto De Caza in the past 3 months. This number of sold short sales is 13% of the total. The median price was $975,000 , and the average price per square foot was $283 .

In the past 90 days, there have been a total of 5 condo sales with a median price of $430,000 , and an average price per square foot of $261 in Coto De Caza.  During this period of time, there were no short sale condos that have sold.

As can be seen above, the ratio of pending In Escrow short sale properties, to pending in escrow total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties.  This high rate of failure due to the lack of knowledge by the typical short sale listing agent.   This illustrates that Property owners who owe more than their home is worth, should work with an experienced Coto De Caza short sale realtor such as the ShortSalesASAP group. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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San Juan Capistrano Real Estate Market Update

by vbindi on March 25, 2010

This Market Update report is all real estate currently active for sale and properties sold in the recent past for San Juan Capistrano. This market report is brought to you by the professional realtors at eVantage Real Estate here in Orange County, CA. Currently there are 90 detached single family homes listed for sale, and these properties have median price of $1,198,000 and an average price per square foot of $494 . These properties range in price from a low of $425,000 for a 4 bedroom, 3 bath, 1,877 square foot home located subdivision called Capistrano Heights . The maximum price of homes currently listed for sale is $22,500,000 for a fine estate boasting of 4 bedrooms, 4 baths, with 3,500 square feet of living area, and is situated in the Ortega Custom Neighborhood.

For condominiums, there are now 25 units active for sale in San Juan Capistrano . The median price of these condos is $180,000 and the average price per square foot is $223 . These condominiums range in price from a low of $100,000 for a unit comprising of 1 bedroom, 1 bath, 785 square foot, that is found in the Casitas De Alipaz Tract. Up to a maximum price of $749,000 for a roomy condo consisting of 5 bedrooms, 3 baths, with 2,240 square feet found in the Masters Subdivision.

For homes now pending in contract in San Juan Capistrano there are 52 detached homes in escrow, which have a median price of $795,000 . These properties range in price from a low of $294,000 for a 2 bedroom, 2 bath, 910 square foot property located in the Sun Hollow Area. The maximum price is $2,995,000 for a fine property incorporating 6 bedrooms, 8 baths, with an expansive 8,250 square feet of living area, located in the Hilltop Estates Neighborhood.

There are 55 Condo units now pending in escrow in San Juan Capistrano , that have a median price of $150,000 . These units range in price from $86,000 for a 1 bedroom, 1 bath, 785 square foot condominium, situated in the Alipaz Subdivision. On up to a high price of $499,000 for a fine condo comprised of 3 bedrooms, and 2 baths, with 1,631 square feet, found in the Mesa Verde Subdivision.

For Sold home in the past 3 months, there were 33 detached properties that closed escrow in San Juan Capistrano . These sold homes had a median price of $635,000 with an average price per square foot of $330 . These sold homes ranged in value from a low price of $350,000 for a detached home with 4 bedrooms, and 2 baths, incorporating 1,400 square feet, located in the Harbor Lane Subdivision. And a maximum price of $4,350,000 for an estate property comprising of 6 bedrooms, 9 baths, and a spacious 9,344 square feet located in the Hunt Club Community.

For attached Condos Sold in the past 3 Months, there were 42 such units that succesfully closed escrow in San Juan Capistrano , California. The median price of these attached units was $157,000 with an average price per square foot of $188 . These sold condominiums ranged in price from a low of $80,000 for a 1 bedroom, 1 bath, 785 square foot unit found in the Alipaz condo Tract. The maximum priced sold condo was $537,000 for a nice unit comprised of 3 bedrooms, 2 baths, and 1,646 square feet found in the Mesa Verde Tract.

If you have any questions regarding homes or condominiums for sale in San Juan Capistrano , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Of visit our San Juan Capistrano Home for Sale Website.

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San Clemente Short Sale specialist report.

by vbindi on March 23, 2010

This market summary is for all property listings and short sale listings and sales statistics in San Clemente , California. This report was generated by the short sale expert realtors at the Short Sales ASAP group, who are number one in terms of the volume of  short sale property listings sold and closed in Orange County.

Below is a tabulation of the statistics we have gathered for all sales, short sales and REO sales, in San Clemente – Orange County, California:

San Clemente – Detached Homes Active for Sale:

  • Total Listings: 276
  • Median price: $889,000
  • Average price per square foot: $417
  • Number Short Sale Listings: 62
  • Ratio of Short Sale to Total Listings: 22.5%
  • Median price of Short Sale Listings: $699,900
  • Average Price per Square Foot of Short Sale Listings: $329

San Clemente – Attached Condos Active for Sale:

  • Total Listings: 99
  • Median price: $439,000
  • Average price per square foot: $405
  • Number Short Sale Listings: 24
  • Ratio of Short Sale to Total Listings: 24.2%
  • Median price of Short Sale Listings: $350,000
  • Average Price per Square Foot of Short Sale Listings: $305

San Clemente – Detached Homes Pending in Escrow:

  • Total In Escrow: 136
  • Median price: $750,000
  • Number Short Sales In Escrow: 97
  • Ratio of Short Sale to Total Pending: 71.3%
  • Median price of Short Sales In Escrow: $737,000

San Clemente – Attached Condos Pending in Escrow:

  • Total In Escrow: 60
  • Median price: $380,000
  • Number Short Sales In Escrow: 33
  • Ratio of Short Sale to Total Pending: 55.0%
  • Median price of Short Sales In Escrow: $349,000

San Clemente – Detached Homes Sold in Past 90 Days:

  • Total Sold: 115
  • Median price: $725,000
  • Average price per square foot:  $324
  • Number Short Sales Sold: 31
  • Ratio of Short Sales to Total Sold: 27.0%
  • Median price of Short Sales Sold: $645,000
  • Average Price per Square Foot of Short Sales Sold: $288

San Clemente – Attached Condos Sold in Past 90 Days:

  • Total Sold: 40
  • Median price: $370,000
  • Average price per square foot:  $340
  • Number Short Sales Sold: 12
  • Ratio of Short Sales to Total Sold: 30.0%
  • Median price of Short Sales Sold: $345,000
  • Average Price per Square Foot of Short Sales Sold: $318

One of the important things to note is the high rate of failure when it comes to closing short sales. Look at the ratio of Pending In Escrow short sales to Total Listings for Condos which is 55.0% .  Then compare that to the ratio of Sold short sale condos to Total sold Condos, which is 30.0% .   This large decrease in Ratios from Pending in Escrow to Sold shows that Short Sales failto close at a high rate today in San Clemente
The reason being, is that many local Realtors do not have the training or experience in order to close short sales at a high rate of success.  Short sales are the most complex of all residential transactions and require skill, and expertise in order to close at a high rate of success. It is important for San Clemente homeowners, who owe more than their home is worth, to work with an experienced short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com , or visit:  www.SanClementeShortSaleExpert.com

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Newport Beach Real Estate Market Update

by vbindi on March 19, 2010

This Market Update report is all real estate currently active for sale and properties sold in the recent past for Newport Beach. This market report is brought to you by the professional realtors at eVantage Real Estate here in Orange County, CA. Currently there are 367 detached single family homes listed for sale, and these properties have median price of $1,990,000 and an average price per square foot of $618 . These properties range in price from a low of $269,000 for a 2 bedroom, 2 bath, 998 square foot home located subdivision called Cannery Village Mobile Park . The maximum price of homes currently listed for sale is $95,000,000 for a fine estate boasting of 8 bedrooms, 14 baths, with 29,000 square feet of living area, and is situated in the Back Bay Custom Homes area.

For condominiums, there are now 166 units active for sale in Newport Beach . The median price of these condos is $859,000 and the average price per square foot is $647 . These condominiums range in price from a low of $239,000 for a unit comprising of 1 bedroom, 1 bath, 502 square foot, that is found in the Versailles Tract. Up to a maximum price of $2,950,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 3,508 square feet found in the Harbor Ridge Estates.

For homes now pending in contract in Newport Beach there are 87 detached homes in escrow, which have a median price of $1,490,000 . These properties range in price from a low of $550,000 for a 3 bedroom, 2 bath, 1,600 square foot property located in the Back Bay Anniversary Homes. The maximum price is $9,950,000 for a fine property incorporating 5 bedrooms, 7 baths, with an expansive 6,150 square feet of living area, located in the Lido Island.

There are 57 Condo units now pending in escrow in Newport Beach , that have a median price of $474,500 . These units range in price from $295,000 for a 2 bedroom, 3 bath, 1,157 square foot condominium, situated in the Newport Terrace Subdivision. On up to a high price of $1,995,000 for a fine condo comprised of 3 bedrooms, and 3 baths, with 2,700 square feet, found in the Harbor Ridge Estates.

For Sold home in the past 3 months, there were 85 detached properties that closed escrow in Newport Beach . These sold homes had a median price of $1,275,000 with an average price per square foot of $572 . These sold homes ranged in value from a low price of $142,000 for a detached home with 2 bedrooms, and 1 baths, incorporating 1,000 square feet, located in the Lido Park Subdivision. And a maximum price of $5,550,000 for an estate property comprising of 5 bedrooms, 6 baths, and a spacious 2,979 square feet located in Balboa Island.

For attached Condos Sold in the past 3 Months, there were 52 such units that succesfully closed escrow in Newport Beach , California. The median price of these attached units was $550,000 with an average price per square foot of $455 . These sold condominiums ranged in price from a low of $260,000 for a 1 bedroom, 1 bath, 493 square foot unit found in the Versailles condo Tract. The maximum priced sold condo was $1,900,000 for a nice unit comprised of 2 bedrooms, 3 baths, and 1,864 square feet found in the Lido Building.

If you have any questions regarding homes or condominiums for sale in Newport Beach , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Or visit our Newport Beach Homes for Sale Website.

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San Clemente Real Estate market update

by vbindi on March 16, 2010

This is a statistical report for Active for Sale and Sold homes and condos in San Clemente. This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 267 detached single family homes for sale, with a median price of $895,000 and an average price per square foot of $380 . These homes are priced from a low of $399,999 for a 2 bedroom, 2 bath, 1,000 square foot home located in Central San Clemente . On up to a maximum price of $9,900,000 for a fine home incorporating 7 bedrooms, 10 baths, with 13,000 square feet of living area, which is located in the Cottons Point Tract.

For attached condos, there are currently 96 condos active for sale in San Clemente . The median price of these condos is $430,000 and the average price per square foot is $400 . These listed condos range in price from a low of $165,000 for a unit comprising of 1 bedroom, 1 bath, 438 square foot, that is situated in the Villa Pacifica Tract. Up to a maximum price of $3,495,000 for a roomy condo consisting of 4 bedrooms, 4 baths, with 3,180 square feet found in the Vista Pacifica Villas Subdivision.

For properties currently under contract in San Clemente there are 150 detached homes in escrow, and the median price is $750,000 . These detached homes range in price from a low of $415,000 for a 2 bedroom, 2 bath, 1,291 square foot property located in Central San Clemente. On up to a maximum price of $5,500,000 for a fine property comprising of 3 bedrooms, 3 baths, and incorporates an expansive 2,000 square feet of living area.

For condos, there are 71 units now in escrow in San Clemente , with a median price of $400,000 . These pending units range in price from $156,500 for a 1 bedroom, 1 bath, 438 square foot condominium, located in the Vista Pacifica Subdivision. On up to a maximum price of $1,550,000 for a fine condo consisting of 4 bedrooms, and 3 baths, with 2,600 square feet, found in Central San Clemente.

In the past 90 days, there have been 125 detached homes that have sold and closed escrow in San Clemente . These sold homes had a median price of $710,000 with an average price per square foot of $323 . These closed homes range in price from a low of $437,900 for a detached home comprised of 3 bedrooms, and 1 bath, with 1,112 square feet, and a maximum price of $3,340,000 for an estate property comprising of 5 bedrooms, 4 baths, and a spacious 7,521 square feet located in the Cyprus Shores Tract.

For the past 3 months, there have been 47 attached condominiums that have sold and closed escrow in San Clemente , California. The median price of these attached units was $375,000 and the average price per square foot was $330 . These sold condominiums ranged in price from a low of $159,900 for a 2 bedroom, 2 bath, 1167 square foot unit found in  Southwest San Clemente. And the maximum priced sold condo was $1,475,000 for a nice unit comprised of 3 bedrooms, 2 baths, and 1,730 square feet that is situated in the Casa De Marca Tract.

If you have any questions regarding real estate for sale in San Clemente , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in San Clemente .

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Santa Ana Short Sale Realtor market update.

by vbindi on March 16, 2010

This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Santa Ana . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 195 detached homes listed for sale in Santa Ana , California. The median price of these homes for sale is $349,900 and the average price per square foot is $240 . 142 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

There are now 178 condominiums listed for sale in Santa Ana . The median price for these listed condominiums is $150,000 and the average price per square foot is $184 . Of this total, 96 are short sale listings. The median price of these short sale units is $135,000 , and the average price per square foot is $163 . The ratio of short sale condo listings to the total listings is 34% .

For homes under contract, there are 393 detached homes in escrow on this date, and the median price is $302,900 . Of this total, 243 are short sales in escrow, which is 58% of the total detached properties in escrow in Santa Ana , and the short sale median price in escrow is $280,000 .

For condominiums in escrow, there are now 304 attached units under contract, with a median price of $140,000 . Of this number, 227 are short sales, which calculates to be 75% of the total pending units, and the median price is $139,900 .

In the past 3 months, there have been a total of 270 detached homes that have sold and closed escrow in Fullerton . The median price was $330,000 and the average price per square foot was $236 . Of this total were 74 were short sale properties in the city of Santa Ana in the past 3 months. This number of sold short sales is 19% of the total. The median price was $270,000 , and the average price per square foot was $213.

In the past 90 days, there have been a total of 187 condo sales with a median price of $140,000 , and an average price per square foot of $152 in Santa Ana. Also, there were 65 short sale condos sold, which was 27% of the total number of units sold in this period. The median price of the sold short sale condos was $130,000 , and the average price per square foot was $146 .

As can be seen above, the ratio of pending In Escrow short sale properties, to pending in escrow total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties.  This high rate of failure due to the lack of knowledge by the typical short sale listing agent.   This illustrates that Property owners who owe more than their home is worth, should work with an experienced Santa Ana short sale realtor such as the ShortSalesASAP group. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Westminster Short Sale Realtor report.

by vbindi on March 14, 2010

This report is for standard sales and short sales in Westminster, Ca. This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property listings and closings in Orange County. Currently, there are a total of 89 detached homes listed for sale in Westminster , California. The median price of these active homes for sale is $475,000 and the average price per square foot is $312 . Of this total, 28 are short sale listings active for sale. . These short sale listings represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $420,000 and the average price per square foot is $283 .

For attached condominiums, there are 23 condo units currently listed for sale in Westminster . The median price for these listed condominiums is $388,000 and the average price per square foot is $288 . Of this total, 7 are short sale condo listings. The median price of these short sale condos is $399,900 , and the average price per square foot is $238 . The ratio of short sale condo listings to listings is 34% .

Currently, there are 90 detached homes under contract in escrow, and the median price of these pending properties is $419,000 . Of this total pending properties, 56 are short sales, which is 58% of the total detached properties in escrow in Westminster . The median price is $399,000 .

For condominiums, there are now 29 attached units in escrow, and the median price is $282,000 . Of this number, 22 are short sales in escrow in Westminster . These short sale condos are 75% of the total units in escrow, and the median price is $275,000 .

In the past 90 days, there have been a total of 98 detached homes that have sold and closed escrow in Westminster. The median price of these sold homes was $430,000 and the average price per square foot was $289 . Of this total were 25 short sale properties, which was 19% of the total sales. The median price was $420,000 , and the average price per square foot was $262 .

For attached condos, there have been a total of 32 condominium sales in the past 3 months. The median price was $315,000 , and the average price per square foot was $238 in Westminster . In addition, there were 14 short sale condos that sold and closed escrow dueing this same period of time, which was 27% of the total number of units sold. The median price of the sold short sale condos was $265,000 , and the average price per square foot was $210 .

As can be seen above, the ratio of Pending in Escrow short sale listings, to Pending total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties. This illustrates that short sales fail at a high rate. Property owners who owe more than their home is worth, should seek to work with an experienced Westminster short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Tustin Homes and Condos Market Update.

by vbindi on March 13, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Tustin.  This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 59 detached single family homes for sale, with a median price of $599,000 and an average price per square foot of $348 . These homes are priced from a low of $399,900 for a 2 bedroom, 3 bath, 1,249 square foot home located in the subdivision called Tustin Grove . On up to a maximum price of $4,295,000 for a fine home incorporating 5 bedrooms, 7 baths, with 6,900 square feet of living area, which is located in the Tustin Ranch Estates Tract.

For attached condos, there are currently 30 condos active for sale in Tustin . The median price of these condos is $345,000 and the average price per square foot is $302 . These listed condos range in price from a low of $145,000 for a unit comprising of 1 bedroom, 1 bath, 696 square foot, that is situated in the Rancho San Juan Tract. Up to a maximum price of $729,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 2,420 square feet found in the Corte Villa Subdivision.

For properties currently under contract in Tustin there are 41 detached homes in escrow, and the median price is $575,000 . These detached homes range in price from a low of $249,900 for a 2 bedroom, 2 bath, 831 square foot property located in the Village Homes Tract. On up to a maximum price of $1,399,999 for a fine property comprising of 5 bedrooms, 5 baths, and incorporates an expansive 4,400 square feet of living area, located in the San Marino Tract.

For condos, there are 20 units now in escrow in Tustin , with a median price of $333,920 . These pending units range in price from $180,000 for a 2 bedroom, 2 bath, 1,005 square foot condominium, located in the Tustin Villa Subdivision. On up to a maximum price of $579,000 for a fine condo consisting of 4 bedrooms, and 4 baths, with 2,145 square feet, found in the Lindy Crossing Subdivision.

In the past 90 days, there have been 48 detached homes that have sold and closed escrow in Tustin . These sold homes had a median price of $583,000 with an average price per square foot of $321 . These closed homes range in price from a low of $233,000 for a detached home comprised of 2 bedrooms, and 2 bath, with 845 square feet, and is located in the Village Homes Subdivision. And a maximum price of $3,670,000 for an estate property comprising of 6 bedrooms, 8 baths, and a spacious 7,100 square feet located in the Tustin Ranch Estates Tract.

For the past 3 months, there have been 30 attached condominiums that have sold and closed escrow in Tustin , California. The median price of these attached units was $350,000 and the average price per square foot was $294 . These sold condominiums ranged in price from a low of $130,000 for a 1 bedroom, 1 bath, 695 square foot unit found in the Rancho San Juan condo Tract. And the maximum priced sold condo was $530,000 for a nice unit comprised of 3 bedrooms, 3 baths, and 1,689 square feet that is situated in the Camden Place Tract.

If you have any questions regarding real estate for sale in Tustin , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in Tustin.

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Newport Coast Short Sale Market News.

by vbindi on March 11, 2010

This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Fullerton . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 195 detached homes listed for sale in Newport Coast , California. The median price of these homes for sale is $2,995,000 and the average price per square foot is $770.  8 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246.

There are now 32 condominiums listed for sale in Newport Coast . The median price for these listed condominiums is $795,000 and the average price per square foot is $318 . Of this total, 4 are short sale listings. The median price of these short sale units is $795,000 , and the average price per square foot is $398 . The ratio of short sale condo listings to the total listings is 34%.

For homes under contract, there are 30 detached homes in escrow on this date, and the median price is $2,720,000 . Of this total, 9 are short sales in escrow, which is 58% of the total detached properties in escrow in Newport Coast , and the short sale median price in escrow is $1,395,000.

For condominiums in escrow, there are now 10 attached units under contract, with a median price of $799,000 . Of this number, 4 are short sales, which calculates to be 75% of the total pending units, and the median price is $825,000.

In the past 3 months, there have been a total of 31 detached homes that have sold and closed escrow in Fullerton . The median price was $1,925,000 and the average price per square foot was $588 . Of this total were 3 were short sale properties in the city of Fullerton in the past 3 months. This number of sold short sales is 19% of the total. The median price was $1,425,000 , and the average price per square foot was $409.

In the past 90 days, there have been a total of 8 condo sales with a median price of $650,000 , and an average price per square foot of $445 in Fullerton . Also, there were 1 short sale condos sold, which was 27% of the total number of units sold in this period. The median price of the sold short sale condos was $980,000 , and the average price per square foot was $520.

As can be seen above, the ratio of pending In Escrow short sale properties, to pending in escrow total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties.  This high rate of failure due to the lack of knowledge by the typical short sale listing agent.   This illustrates that property owners who owe more than their home is worth, should work with an experienced Newport Coast short sale realtor such as the ShortSalesASAP group. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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