Currently, there are 461 properties Active for sale in Mission Viejo, Ca. Of these, 150 are attached Condominiums, and the remaining 311 active listings are detached single family homes. There are a total of 175 homes and condos currently in escrow which represents approximately a current reading of 4 months of inventory. In addition, there were 83 properties that sold and closed escrow in the month of April, which equates to about 5.5 months of inventory from sales that occurred about 2 months ago. The market is definitely improving for the months of inventory for most of last year in Mission Viejo was much higher at about the 10 month range.
Of these 461 properties listed for sale in Mission Viejo, CA, 164 are short sales which represent 35.5% of the total inventory of listings. Also, 37 of the active listings are Bank Owned foreclosures (REO) which represents about 8% of the total inventory. The total number of financially distressed listings is 201 which is 43% of the total inventory of properties listed for sale.
Currently, of the 175 total properties pending in Escrow in Mission Viejo, 49 of these homes and condos are short sales. This represents about 28% of the inventory of properties under contract in escrow. In addition, there are 31 properties pending in escrow that are bank owned foreclosures, which represents about 21% of the total pending properties. The total of financially distressed homes and condos currently under contract in escrow in Mission Viejo is 45%.
For the month of April, there were a total of 83 homes and condos that sold and closed escrow in Mission Viejo, CA. Of this total, there were 6 short sale properties that closed, which represents 7% of the total closings. In addition, there are 15 bank owned foreclosure properties that sold and closed in April which represent 18% of the total sales for that month. The total number of financially distressed properties that sold in April was 21 which represents 25%.
To learn more about short sales and bank owned foreclosures, or to receive a proprietary list of all short sale and bank REO properties listed for sale, visit our website at OCBargainHomes.com, or drop us an email at: Info@OCBargainHomes.com
