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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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Irvine Homes and Condos market update.

by vbindi on March 4, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Irvine . This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 238 detached single family homes for sale, with a median price of $849,000 and an average price per square foot of $433 . These homes are priced from a low of $319,000 for a 2 bedroom, 2 bath, 1,670 square foot home located in the subdivision called Groves 55+ . On up to a maximum price of $15,995,000 for a fine home incorporating 5 bedrooms, 9 baths, with 13,500 square feet of living area, which is located in the Shady Canyon Tract.

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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Fullerton Short Sale Realtor Market Update

by vbindi on March 3, 2010

This report is for standard sales and short sales in Fullerton . 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.  We track the short sale market here in Fullerton and greater Orange County on an ongoing basis, and report our findings often in this blog.

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:

Detached Homes – Status # of Homes % of Total Median Price $/SqFt
For Sale – All Listings 195 100% $629,000 $298
For Sale – Short Sales 51 26% $400,000 $246
In Escrow – All Listings 185 100% $400,000 n/a
In Escrow – Short Sales 108 58% $350,000 n/a
Sold – All Listings 167 100% $480,000 $275
Sold – Short Sales 32 19% $485,000 $248

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Attached Condos – Status # of Condos % of Total Median Price $/SqFt
For Sale – All Listings 91 100% $360,000 $255
For Sale – Short Sales 31 34% $310,000 $214
In Escrow – All Listings 107 100% $268,000 n/a
In Escrow – Short Sales 80 75% $265,000 n/a
Sold – All Listings 55 100% $319,000 $239
Sold – Short Sales 15 27% $325,000 $229

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

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Dana Point Short Sale Market Realtor report.

by vbindi on February 23, 2010

This analysis is for Dana Point residential standard sales, short sales and bank REO sales, and was generated by the realtor experts at the Short Sales ASAP group.  They are #1 in short sale property listings and closings in Orange County.

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.

Placentia Short Sale Realtor report.

by vbindi on February 22, 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 Placentia . This article will report the statistics for Active for Sale and Sold standard listing properties, short sales and bank owned REO’s. Currently, there are 71 detached homes listed for sale in Placentia , California. The median price of these homes for sale is $499,999 and the average price per square foot is $255 . 25 of these active listings are short sales, and another 6 are bank owned foreclosures, for a total of 31 financially distressed single family homes in Placentia . These distressed home listings represent 44% of the total inventory of detached homes for sale. The median price of these distressed properties is $459,000 and the average price per square foot is $230 .

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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