For attached condos, there are currently 288 condos active for sale in Irvine . The median price of these condos is $499,000 and the average price per square foot is $343 . These listed condos range in price from a low of $220,000 for a unit comprising of 1 bedroom, 1 bath, 635 square foot, that is situated in the Watermarke Tract. Up to a maximum price of $519,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 1,450 square feet found in the Corte Bella Subdivision.

For properties currently under contract in Irvine there are 210 detached homes in escrow, and the median price is $725,000 . These detached homes range in price from a low of $209,000 for a 1 bedroom, 1 bath, 932 square foot property located in the The Lakes Tract. On up to a maximum price of $5,995,000 for a fine property comprising of 6 bedrooms, 9 baths, and incorporates an expansive 9,800 square feet of living area, located in the Shady Canyon Tract.

For condos, there are 284 units now in escrow in Irvine , with a median price of $419,900 . These pending units range in price from $135,000 for a 1 bedroom, 1 bath, 512 square foot condominium, located in the Lake Condos Subdivision. On up to a maximum price of $585,000 for a fine condo consisting of 3 bedrooms, and 3 baths, with 1,380 square feet, found in the Ashton Green Subdivision.

In the past 90 days, there have been 185 detached homes that have sold and closed escrow in Irvine . These sold homes had a median price of $915,000 with an average price per square foot of $374 . These closed homes range in price from a low of $320,000 for a detached home comprised of 2 bedrooms, and 2 bath, with 1,000 square feet, and is located in the Bowen Court Subdivision. And a maximum price of $5,777,777 for an estate property comprising of 6 bedrooms, 8 baths, and a spacious 13,418 square feet located in the Shady Canyon Tract.

For the past 3 months, there have been 219 attached condominiums that have sold and closed escrow in Irvine , California. The median price of these attached units was $439,000 and the average price per square foot was $326 . These sold condominiums ranged in price from a low of $135,000 for a 0 bedroom, 1 bath, 415 square foot unit found in the Irvine Springs condo Tract. And the maximum priced sold condo was $1,250,000 for a nice unit comprised of 3 bedrooms, 4 baths, and 2,677 square feet that is situated in the The Plaza Tract.

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

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This market summary is for all property listings, as compared to short sale statistics in Fullerton , California.  Below is a tabulation of the statistics we have gathered for all sales, and short sales for both detached homes and attached condos that are Active for sale, pending In Escrow and Sold in the past 90 days:

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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 74.8% .  Then compare that to the ratio of Sold short sale condos to Total sold Condos, which is 27.3% .   This large decrease in Ratios from Pending in Escrow to Sold shows that Short Sales fail to close at a high rate today in Fullerton.

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 Fullerton 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.FullertonShortSaleExpert.com

Post from: Orange County Real Estate Blog

Today, there are 278 detached single family homes for sale, with a median price of $2,595,000 and an average price per square foot of $1,130 . These homes are priced from a low of $450,000 for a 2 bedroom, 2 bath, 1,190 square foot home located in the Laguna Terrace Park neighborhood. On up to a maximum price of $35,000,000 for a fine home incorporating 3 bedrooms, 3 baths, which is located in the South Laguna Bluffs area.

For attached condos, there are currently 53 condos active for sale in Laguna Beach . The median price of these condos is $1,050,000 and the average price per square foot is $982 . These listed condos range in price from a low of $360,000 for a unit comprising of 2 bedroom, 3 bath, 1,353 square foot, that is situated in the Terraces Laguna Beach community. Up to a maximum price of $4,899,000 for a roomy condo consisting of 2 bedrooms, 2 baths, with 1,902 square feet found in the Laguna Royale community.

For properties currently under contract in Laguna Beach there are 54 detached homes in escrow, and the median price is $1,265,000 . These detached homes range in price from a low of $450,000 for a 3 bedroom, 2 bath, 998 square foot property located in the The Village community. On up to a maximum price of $8,995,000 for a fine property comprising of 4 bedrooms, 4 baths, and incorporates an expansive 5,815 square feet of living area, located in the Three Arch Bay Tract.

For condos, there are 5 units now in escrow in Laguna Beach , with a median price of $895,000 . These pending units range in price from $379,000 for a 1 bedroom, 1 bath, 746 square foot condominium, located in the Laguna Village area. On up to a maximum price of $1,495,000 for a fine condo consisting of 3 bedrooms, and 2 baths, with 1,589 square feet, found in the Laguna Royale neighborhood.

In the past 90 days, there have been 63 detached homes that have sold and closed escrow in Laguna Beach . These sold homes had a median price of $1,570,000 with an average price per square foot of $726 . These closed homes range in price from a low of $450,500 for a detached home comprised of 1 bedrooms, and 1 bath, with 500 square feet, and is located in the South Laguna area.  And a maximum price of $7,995,000 for an estate property comprising of 6 bedrooms, 7 baths, and a spacious 6,000 square feet located in the Emerald Bay Tract.

For the past 3 months, there have been 12 attached condominiums that have sold and closed escrow in Laguna Beach , California. The median price of these attached units was $785,000 and the average price per square foot was $605 . These sold condominiums ranged in price from a low of $350,900 for a 2 bedroom, 3 bath, 1,263 square foot unit found in the Terraces Laguna Beach condo Tract. And the maximum priced sold condo was $1,625,000 for a nice unit comprised of 2 bedrooms, 2 baths, and 1,200 square feet that is situated in the South Laguna Bluffs community.

If you have any questions regarding real estate for sale in Laguna Beach , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com .

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Currently, there are 155 detached homes listed for sale in Dana Point , California. The median price of these active homes for sale is $1,175,000 and the average price per square foot is $634 . Of this total, 31 are short sale listings active for sale, and another 3 are bank owned REO’s, for a total of 34 financially distressed single family homes in Dana Point . These distressed home listings represent 22% of the total inventory of detached homes for sale. The median price of these distressed properties is $729,000 and the average price per square foot is $378 .

For attached condominiums, there are 77 condo units currently listed for sale in Dana Point . The median price for these listed condominiums is $499,900 and the average price per square foot is $399 . Of this total, 24 are short sale condo listings, and another 6 are bank owned foreclosed condos listed for sale in Dana Point , for a grand total of 30 financially distressed condo listings. The median price of these distressed condos is $325,000 , and the average price per square foot is $321 . The ratio of distressed condo listings to the total listings is 39% .

Currently, there are 52 detached homes under contract in escrow, and the median price of these pending properties is $1,450,000 . Of this total pending properties, 32 are short sales, and another 3 are bank owned REO properties. This is a total of 35 financially distressed homes, which is 67% of the total detached properties in escrow in Dana Point , and the median price is $625,000 .

For condominiums, there are now 46 attached units in escrow, and the median price is $355,000 . Of this number, 29 are short sales in escrow, and 4 are bank owned REO condos in escrow in Dana Point . This total of 33 distressed condos is 72% of the total units in escrow, and the median price is $339,900 .

In the past 90 days, there have been a total of 40 detached homes that have sold and closed escrow in Dana Point . The median price of these sold homes was $699,000 and the average price per square foot was $362 . Comprising of this total were 12 short sale properties, and 4 bank owned foreclosure homes, for a total of 16 distressed homes that have sold in Dana Point in the past 3 months. This number of distressed sales is 40% of the total, and the median price was $585,000 , and the average price per square foot was $301 .

For attached condos, there have been a total of 40 condo sales in the past 3 months. The median price was $435,000 , and the average price per square foot was $343 in Dana Point . In addition, there were 11 short sale condos that sold and closed, and another 5 REO units that sold in the past 90 days. This was a total of 16 distressed condos, which is 40% of the total number of units sold in this period. The median price of the sold condos was $381,000 , and the average price per square foot was $314 .

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

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There are now 31 condominiums listed for sale in Placentia . The median price for these listed condominiums is $290,000 and the average price per square foot is $234 . Of this total, 18 are short sale listings, and 3 are bank owned REO condos listed for sale in Placentia , for a grand total of 21 financially distressed condo listings. The median price of these distressed units is $250,000 , and the average price per square foot is $220 . The ratio of distressed condo listings to the total listings is 68% .

For homes under contract, there are 51 detached homes in escrow on this date, and the median price is $699,000 . Of this total, 19 are short sales in escrow, and another 5 are bank owned REO properties. This is a total of 24 distressed homes, which is 47% of the total detached properties in escrow in Placentia , and the median price is $669,999 .

For condominiums in escrow, there are now 31 attached units under contract, with a median price of $242,500 . Of this number, 16 are short sales, and 7 are bank owned REO condos in escrow in Placentia . This total of 23 distressed condos is 74% of the total pending units, and the median price is $229,900 .

In the past 3 months, there have been a total of 68 detached homes that have sold and closed escrow in Placentia . The median price was $487,625 and the average price per square foot was $246 . Of this total were 12 were short sale properties, and 14 were bank owned foreclosure homes, for a total of 26 distressed homes that have sold in Placentia in the past 3 months. This number of distressed sales is 38% of the total. The median price was $435,000 , and the average price per square foot was $240 .

In the past 90 days, there have been a total of 24 condo sales with a median price of $275,000 , and an average price per square foot of $176 in Placentia . Also, there were 11 short sale condos sold, and 5 REO units that sold. This was a total of 16 distressed condos, which is 67% of the total number of units sold in this period. The median price of the sold condos was $230,000 , and the average price per square foot was $133 .

As can be seen above, the ratio of Active distressed listings, to Active total listings is a much higher percentage, compared to the ratio of Sold distressed properties to Sold total properties. This illustrates that short sales fail at a high rate, due to the fact that many agents who attempt to sell and close short sales do not have the required skill or experience to close this types of transactions. Therefore, property owners who owe more than their home is worth, should work with an experienced Placentia 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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Currently, for attached condos there are 77 units active for sale in Dana Point . The median price of these condominiums is $495,000 and the average price per square foot is $407 . These Active for Sale condos range in price from a low of $179,000 for a unit comprising of 1 bedroom, 1 bath, 700 square foot, that is found in the Harbor Walk Tract. Up to a maximum price of $2,490,000 for a roomy condo consisting of 3 bedrooms, 4 baths, with 3,318 square feet found in the Sea Villas at St. Regis Subdivision.

For properties currently under contract in Dana Point there are 51 detached homes in escrow, with a median value of $649,000 . These detached homes range in price from a low of $349,000 for a 2 bedroom, 1 bath, 700 square foot property located in the Lantern Village Tract. On up to a maximum price of $5,995,000 for a fine property incorporating 4 bedrooms, 5 baths, with an expansive 5,000 square feet of living area, located in the Dana Point Harbor area.

For condos, there are 44 units now in escrow in Dana Point , with a median price of $339,900 . These pending units range in price from $159,000 for a 1 bedroom, 1 bath, 700 square foot condominium, situated in the Harbor Walk Subdivision. On up to a high price of $749,000 for a fine condo consisting of 3 bedrooms, and 3 baths, with 1,800 square feet, found in the Niguel Beach Terrace Subdivision.

In the past 3 months, there were 43 detached homes that have sold and closed escrow in Dana Point . These sold homes had a median price of $683,100 with an average price per square foot of $350 . These sold and closed homes range in price from a low of $410,000 for a detached home comprised of 2 bedrooms, and 1 bath, with 976 square feet, and is located in the California Homes Subdivision. And a maximum price of $6,200,000 for an estate property comprising of 5 bedrooms, 6 baths, and a spacious 6,100 square feet located in the Ritz Cove Tract.

For the past 90 days, there were 39 attached condominiums that have sold and closed escrow in Dana Point , California. The median price of these attached units was $434,000 and the average price per square foot was $344 . These sold condominiums ranged in price from a low of $125,000 for a 1 bedroom, 1 bath, 490 square foot unit found in the Harbor Walk condo Tract. And the maximum priced sold condo was $923,000 for a nice unit comprised of 2 bedrooms, 3 baths, and 2,000 square feet unit.

If you have any questions regarding homes or condominiums for sale in Dana Point , please feel free to contact our Dana Point realtor expert at: (949) 388-3396, or email us at: Info@eVantageRE.com .

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For attached condominiums, there are 27 condo units currently listed for sale in Laguna Hills . The median price for these listed condominiums is $285,000 and the average price per square foot is $241 . Of this total, 18 are short sale condo listings, and another 0 are bank owned foreclosed condos listed for sale in Laguna Hills , for a grand total of 18 financially distressed condo listings. The median price of these distressed condos is $240,000 , and the average price per square foot is $220 . The ratio of distressed condo listings to the total listings is 67% .

Currently, there are 51 detached homes under contract in escrow, and the median price of these pending properties is $549,500 . Of this total pending properties, 24 are short sales, and another 3 are bank owned REO properties. This is a total of 27 financially distressed homes, which is 53% of the total detached properties in escrow in Laguna Hills , and the median price is $496,000 .

For condominiums, there are now 65 attached units in escrow, and the median price is $232,500 . Of this number, 50 are short sales in escrow, and 8 are bank owned REO condos in escrow in Laguna Hills . This total of 58 distressed condos is 89% of the total units in escrow, and the median price is $219,000 .

In the past 90 days, there have been a total of 41 detached homes that have sold and closed escrow in Laguna Hills . The median price of these sold homes was $580,000 and the average price per square foot was $277 . Comprising of this total were 12 short sale properties, and 8 bank owned foreclosure homes, for a total of 20 distressed homes that have sold in Laguna Hills in the past 3 months. This number of distressed sales is 49% of the total, and the median price was $515,000 , and the average price per square foot was $245 .

For attached condos, there have been a total of 49 condo sales in the past 3 months. The median price was $262,000 , and the average price per square foot was $213 in Laguna Hills . In addition, there were 17 short sale condos that sold and closed, and another 11 REO units that sold in the past 90 days. This was a total of 28 distressed condos, which is 57% of the total number of units sold in this period. The median price of the sold condos was $234,000 , and the average price per square foot was $182 .

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

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For attached condos, there are currently 80 condos active for sale in Mission Viejo . The median price of these condos is $310,000 and the average price per square foot is $247 . These listed condos range in price from a low of $139,000 for a unit comprised of 1 bedroom, 2 bath, 642 square feet and is situated in the Las Palmas Tract. Up to a maximum price of $599,800 for a roomy condo consisting of 2 bedroom, 2 bath,1,448 square feet found in the Mallorca Condos Subdivision.

For properties currently under contract in Mission Viejo there are 147 detached homes in escrow, and the median price is $480,000 . These detached homes range in price from a low of $209,900 for a 2 bedroom, 1 bath, 1,415 square feet home located in the El Dorado Tract. On up to a maximum price of $1,125,000 for a fine property comprising of 6 bedroom, 4 bath, 3,651 square feet located in the Stone Ridge Tract.

For condos, there are 129 units now in escrow in Mission Viejo , with a median price of $300,000 . These pending units range in price from $120,000 for a 1 bedroom, 1 bath, 513 square feet located in the Las Palmas Subdivision. On up to a maximum price of $624,900 for a fine condo consisting of 2 bedroom, 2 bath, 1,286 square feet found in the Mallorca Condos Subdivision.

In the past 90 days, there have been 168 detached homes that have sold and closed escrow in Mission Viejo . These sold homes had a median price of $530,000 with an average price per square foot of $275 . These closed homes range in price from a low of $300,000 for a home comprised of 2 bedroom, 2 bath, 1,230 square feet situated in the Casta del Sol Subdivision. And a maximum price of $1,150,000 for a fine property incorporating 4 bedroom, 4 bath, 3,200 square feet found in the John Lyttle Tract.

For the past 3 months, there have been 78 attached condominiums that have sold and closed escrow in Mission Viejo , California. The median price of these attached units was $310,000 and the average price per square foot was $228 . These sold condominiums ranged in price from a low of $120,000 for a 1 bedroom, 1 bath, 473 square feet located in the Las Palmas condo Tract. And the maximum priced sold condo was $567,500 for a nice condo comprised of 3 bedroom, 3 bath, 1,781 square feet situated in the Mallorca Condos Tract.

If you have any questions regarding real estate for sale in Mission Viejo , 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 Mission Viejo .

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For attached condominiums, there are 68 condo units currently listed for sale in Aliso Viejo . The median price for these listed condominiums is $349,000 and the average price per square foot is $270 . Of this total, 43 short sale condo listings, and another 3 are bank owned foreclosed condos listed for sale in Aliso Viejo , for a grand total of 46 financially distressed condo listings. The median price of these distressed condos is $319,000 , and the average price per square foot is $256 . The ratio of distressed condo listings to the total listings is 68% .

Currently, there are 57 detached homes under contract in escrow, and the median price of these pending properties is $529,000 . Of this total pending properties, 37 are short sales, and another 2 are bank owned REO properties. This is a total of 39 financially distressed homes, which is 68% of the total detached properties in escrow in Aliso Viejo , and the median price is $550,000 .

For condominiums, there are now 132 attached units in escrow, and the median price is $310,000 . Of this number, 101 are short sales in escrow, and 14 are bank owned REO condos in escrow in Aliso Viejo . This total of 115 distressed condos is 87% of the total units in escrow, and the median price is $357,000 .

In the past 90 days, there have been a total of 70 detached homes that have sold and closed escrow in Aliso Viejo . The median price of these sold homes was $542,000 and the average price per square foot was $288 . Comprising of this total were 17 short sale properties, and 7 bank owned foreclosure homes, for a total of 24 distressed homes that have sold in Aliso Viejo in the past 3 months. This number of distressed sales is 34% of the total, and the median price was $534,000 , and the average price per square foot was $286 .

For attached condos, there have been a total of 126 condo sales in the past 3 months. The median price was $320,000 , and the average price per square foot was $252 in Aliso Viejo . In addition, there were 50 condos that sold and closed, and another 27 REO units that sold in the past 90 days. This was a total of 77 distressed condos, which is 61% of the total number of units sold in this period. The median price of the sold condos was $290,000 , and the average price per square foot was $238 .

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

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For attached condominiums, there are a total of 31 units currently listed Active for sale in Ladera Ranch. Of this total, 17 are pre-foreclosure short sale properties listed for sale, and 4 bank owned REO condos listed for sale. This is a total of 21 financially distressed condos which represent 68% of the total.

Now will look at properties Pending under contract and sold in the past 90 days. for detached homes in Ladera Ranch, there are a total of 90 detached homes under contract Pending in escrow. Of this total, 75 are short sale properties, and another 5 detached homes in escrow are bank owned foreclosures. There is a total of 80 distressed properties, which represents a whopping 88% of all detached homes in escrow are financially distressed in Ladera Ranch at this time.

For condos, there are currently 71 attached units pending in escrow in Ladera Ranch. Of this sum, 58 are short sales pending in escrow, and 8 are bank owned REO condos in escrow. This is a grand total of 66 financially distressed units in escrow, which is 93% of the total.

In the past 90 days, there have been a total of 84 detached homes that have sold and closed escrow in Ladera Ranch in the past 90 days. Of this total, 28 are short sale listings that have closed escrow, and 7 were bank owned REO properties. This is a total of 35 financially distressed homes that have sold and closed, which results in 41% of the detached homes sold in the past 90 days were financially distressed in Ladera Ranch.

For condos, the results are very similar. There were 40 attached condos that have sold and closed escrow in Ladera Ranch. Of this amount, 21 are short sale listings, and 3 were bank owned foreclosure condos. This represents a total of 24 financial distressed condos that have sold, which is 60% of the total sold condominiums in Ladera Ranch.

Of note, is the fact that most of the properties that are selling in Ladera Ranch are financially distressed. We find this same result in many other Orange County cities for buyers are currently shopping for bargain priced homes.

Also of interest is the fact that for properties under contract Pending in escrow, about 90% of all escrows are financially distressed properties. Although when you look at properties that have actually closed escrow, that ratio drops down substantially to 41% for detached homes, and 60% for condos. We also find this large decrease in other Orange County cities as well. This is due to the fact that many short sale properties are being conducted by Realtors who have very little experience in these complex transactions and this results in a high failure rate.

An important fact for Ladera Ranch homeowners is there are only a handful of short sale experts who specialize in bank negotiations and sales, and close at a rate of 95% or more, such as our team at Short Sales ASAP. For questions, please feel free to email us at: Info@ShortSalesASAP.com or call us at: (949) 254-4775.

Post from: Orange County Real Estate Blog