From the monthly archives:

April 2010

Buena Park Short Sale broker report.

by vbindi on April 27, 2010

This analysis is brought to you by the broker of the ShortSalesASAP company, who specialize in short sale negotiations, marketing and sales here in Buena Park. 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 Buena Park , California. The median price of these homes for sale is $399,900 and the average price per square foot is $272.  40 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 21 condominiums listed for sale in Buena Park . The median price for these listed condominiums is $299,900 and the average price per square foot is $228 . Of this total, 9 are short sale listings. The median price of these short sale units is $280,000 , and the average price per square foot is $212 . The ratio of short sale condo listings to the total listings is 43% .

For homes under contract, there are 115 detached homes in escrow on this date, and the median price is $360,000 . Of this total, 65 are short sales in escrow, which is 57% of the total detached properties in escrow in Buena Park , and the short sale median price in escrow is $345,000 .

For condominiums in escrow, there are now 30 attached units under contract, with a median price of $285,000 . Of this number, 21 are short sales, which calculates to be 70% of the total pending units, and the median price is $280,000 .

In the past 3 months, there have been a total of 91 detached homes that have sold and closed escrow in Fullerton . The median price was $385,000 and the average price per square foot was $274 . Of this total were 24 were short sale properties in the city of Buena Park in the past 3 months. This number of sold short sales is 26% of the total. The median price was $325,000 , and the average price per square foot was $230 .

In the past 90 days, there have been a total of 11 condo sales with a median price of $329,000 , and an average price per square foot of $240 in Buena Park . Also, there were 1 short sale condos sold, which was 9% of the total number of units sold in this period. The median price of the sold short sale condos was $329,000 , and the average price per square foot was $239 .

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 Orange County short sale company that uses a Lawyer to conduct bank short sale negotiations,  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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Newport Coast Real Estate report.

by vbindi on April 16, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Newport Coast . This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 111 detached single family homes for sale, with a median price of $3,200,000 and an average price per square foot of $765 . These homes are priced from a low of $2,075,000 for a 3 bedroom, 3 bath, 2,815 square foot home located in the subdivision called Seabourn . On up to a maximum price of $19,850,000 for a fine home incorporating 6 bedrooms, 8 baths, with 12,500 square feet of living area, which is located in the Pelican Hill Tract.

For attached condos, there are currently 23 condos active for sale in Newport Coast . The median price of these condos is $869,000 and the average price per square foot is $430 . These listed condos range in price from a low of $475,000 for a unit comprising of 2 bedroom, 2 bath, 1,212 square foot, that is situated in the Summit Tract. Up to a maximum price of $2,595,000 for a roomy condo consisting of 4 bedrooms, 5 baths, with 3,850 square feet found in the Seascape Subdivision.

For properties currently under contract in Newport Coast there are 25 detached homes in escrow, and the median price is $2,595,000 . These detached homes range in price from a low of $1,295,000 for a 3 bedroom, 3.5 bath, 2,576 square foot property located in the Belarca Tract. On up to a maximum price of $6,695,000 for a fine property comprising of 4 bedrooms, 5 baths, and incorporates an expansive 6,350 square feet of living area, located in the Crystal Cove Sea Crest Tract.

For condos, there are 10 units now in escrow in Newport Coast , with a median price of $813,000 . These pending units range in price from $587,500 for a 2 bedroom, 2 bath, 1,094 square foot condominium, located in the Trovare Subdivision. On up to a maximum price of $1,099,000 for a fine condo consisting of 3 bedrooms, and 3 baths, with 2,300 square feet, found in the Vistas Subdivision.

In the past 90 days, there have been 37 detached homes that have sold and closed escrow in Newport Coast . These sold homes had a median price of $2,360,000 with an average price per square foot of $571 . These closed homes range in price from a low of $3,365,000 for a detached home comprised of 4 bedrooms, and 5 bath, with 3,670 square feet, and is located in the Nautilus Subdivision. And a maximum price of $8,250,000 for an estate property comprising of 5 bedrooms, 7 baths, and a spacious 11,100 square feet located in the Pelican Crest Tract.

For the past 3 months, there have been 8 attached condominiums that have sold and closed escrow in Newport Coast , California. The median price of these attached units was $675,000 and the average price per square foot was $393 . These sold condominiums ranged in price from a low of $500,000 for a 2 bedroom, 2 bath, 1212 square foot unit found in the Summit condo Tract. And the maximum priced sold condo was $1,150,000 for a nice unit comprised of 2 bedrooms, 3 baths, and 2,300 square feet that is situated in the Vistas Tract.

If you have any questions regarding real estate for sale in Newport Coast , 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 Newport Coast and south Orange County.

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Rancho Santa Margarita Short Sale expert market update.

by vbindi on April 14, 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 Rancho Santa Margarita . 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 Rancho Santa Margarita, California. The median price of these homes for sale is $724,900 and the average price per square foot is $282.  40 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 74 condominiums listed for sale in Rancho Santa Margarita . The median price for these listed condominiums is $249,900 and the average price per square foot is $251. Of this total, 34 are short sale listings. The median price of these short sale units is $225,000 , and the average price per square foot is $232. The ratio of short sale condo listings to the total listings is 46%.

For homes under contract, there are 104 detached homes in escrow on this date, and the median price is $500,000 . Of this total, 64 are short sales in escrow, which is 62% of the total detached properties in escrow in Rancho Santa Margarita , and the short sale median price in escrow is $499,999 .

For condominiums in escrow, there are now 161 attached units under contract, with a median price of $249,900 . Of this number, 123 are short sales, which calculates to be 76% of the total pending units, and the median price is $239,900 .

In the past 3 months, there have been a total of 95 detached homes that have sold and closed escrow in Fullerton . The median price was $625,000 and the average price per square foot was $273 . Of this total were 38 were short sale properties in the city of Rancho Santa Margarita in the past 3 months. This number of sold short sales is 40% of the total. The median price was $515,000 , and the average price per square foot was $252 .

In the past 90 days, there have been a total of 75 condo sales with a median price of $255,000 , and an average price per square foot of $245 in Rancho Santa Margarita . Also, there were 35 short sale condos sold, which was 47% of the total number of units sold in this period. The median price of the sold short sale condos was $245,000 , and the average price per square foot was $232 .

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 Rancho Santa Margarita 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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Laguna Niguel Real Estate market update

by vbindi on April 8, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Laguna Niguel. This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 181 detached single family homes for sale, with a median price of $860,000 and an average price per square foot of $377 . These homes are priced from a low of $450,000 for a 2 bedroom, 2 bath, 1,589 square foot home located in the subdivision called Villa Pacifica . On up to a maximum price of $7,995,000 for a fine home incorporating 6 bedrooms, 8 baths, with 10,000 square feet of living area, which is located in the Monarch Point Custom Tract.

For attached condos, there are currently 94 condos active for sale in Laguna Niguel . The median price of these condos is $300,000 and the average price per square foot is $294 . These listed condos range in price from a low of $169,900 for a unit comprising of 1 bedroom, 1 bath, 713 square foot, that is situated in the Crystral Cay Tract. Up to a maximum price of $1,205,000 for a roomy condo consisting of 2 bedrooms, 3 baths, with 2,244 square feet found in the Laguna Sur Subdivision.

For properties currently under contract in Laguna Niguel there are 103 detached homes in escrow, and the median price is $561,000 . These detached homes range in price from a low of $384,900 for a 3 bedroom, 2 bath, 1,303 square foot property located in the Lake Park Tract. On up to a maximum price of $3,690,000 for a fine property comprising of 5 bedrooms, 6 baths, and incorporates an expansive 6,500 square feet of living area, located in the Ocean Ranch Custom Tract.

For condos, there are 104 units now in escrow in Laguna Niguel , with a median price of $285,000 . These pending units range in price from $145,000 for a 1 bedroom, 1 bath, 565 square foot condominium, located in the Rancho Niguel Subdivision. On up to a maximum price of $749,000 for a fine condo consisting of 3 bedrooms, and 4 baths, with 2,379 square feet, found in the Laguna Sur Subdivision.

In the past 90 days, there have been 102 detached homes that have sold and closed escrow in Laguna Niguel . These sold homes had a median price of $680,000 with an average price per square foot of $332 . These closed homes range in price from a low of $445,000 for a detached home comprised of 3 bedrooms, and 3 bath, with 1,500 square feet, and is located in the Terra Nova Subdivision. And a maximum price of $6,075,000 for an estate property comprising of 4 bedrooms, 7 baths, and a spacious 6,900 square feet located in the Bear Brand Ranch Custom Tract.

For the past 3 months, there have been 103 attached condominiums that have sold and closed escrow in Laguna Niguel , California. The median price of these attached units was $270,000 and the average price per square foot was $266 . These sold condominiums ranged in price from a low of $142,000 for a 1 bedroom, 1 bath, 750 square foot unit found in the Hillhurst Condos condo Tract. And the maximum priced sold condo was $1,100,000 for a nice unit comprised of 3 bedrooms, 4 baths, and 3,172 square feet that is situated in the Laguna Sur Tract.

If you have any questions regarding real estate for sale in Laguna Niguel , 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 Laguna Niguel .

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Brea Short Sale Realtor report

by vbindi on April 6, 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 Brea . 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 Brea , California. The median price of these homes for sale is $540,000 and the average price per square foot is $278 . 22 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 8 condominiums listed for sale in Brea . The median price for these listed condominiums is $374,900 and the average price per square foot is $230 . Of this total, 2 are short sale listings. The median price of these short sale units is $309,950 , and the average price per square foot is $232 . The ratio of short sale condo listings to the total listings is 25% .

For homes under contract, there are 55 detached homes in escrow on this date, and the median price is $515,000 . Of this total, 23 are short sales in escrow, which is 42% of the total detached properties in escrow in Brea , and the short sale median price in escrow is $500,000 .

For condominiums in escrow, there are now 4 attached units under contract, with a median price of $385,000 . Of this number, 1 are short sales, which calculates to be 25% of the total pending units, and the median price is $335,000 .

In the past 3 months, there have been a total of 56 detached homes that have sold and closed escrow in Fullerton . The median price was $556,000 and the average price per square foot was $261 . Of this total were 13 were short sale properties in the city of Brea in the past 3 months. This number of sold short sales is 23% of the total. The median price was $531,000 , and the average price per square foot was $247 .

In the past 90 days, there have been a total of 4 condo sales with a median price of $250,000 , and an average price per square foot of $244 in Brea . Also, there were no short sale condos sold in this period of time .

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 Brea 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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