Orange County CA home selling stays hot with fast buyers climbing over each other at market to find a good deal.
This buyer excitement creates lots of competition for foreclosures and popular properties priced at under $750k.
- Orange County has only 14 days of average market time on foreclosure listings.
Only 206 foreclosure listings are now on the market – which is a 67 percent drop in past five months since start of this year.
- Foreclosure listings are selling at full asking price – on average.
Less than 30 days of short sale listings inventory are now on the market – average market time.
- Only 912 short sales are now listed – which is a 64 percent drop since start of this year 2012.
Short sellers don’t generally need to discount their listings from value to get buyer attention – short sales are selling for average price of about 97 percent of listing price.
For Orange County homes under $500k, average market time is 30 days.
For home $500k to $750k, average market time is 44 days.
For homes $750k to $1 million, average market time is 70 days.
Source of some information is Stephen Thomas and ReportsOnHousing.com and CRMLS.
Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County CA real estate