Big Drop in Distressed Homes for Sale Listings at Orange County CA

Orange County CA real estate has experienced a big and dramatic drop in number of distressed residential properties - both short sales and foreclosures - listed for sale.

 

Total Orange County distressed property listings, short sale and foreclosure listings, is down from peak during 2007 of about 5,000 - to less than 500 homes - lowest level in many years. 

The current Orange County market continues to be strong with buyers who are basically cleaning out the inventory of homes for sale almost as fast as they get to market.

Average market time to sell all Orange County homes is less than 1.5 months - time it would take to theoretically sell all Orange County homes now listed at current rate of sale.  This fast market with not enough listings favors the sellers.

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 Harrison K. Long - real estate and business solutions - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - ExploreProperties@gmail.com - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - now serving as an appointed director at California Association of Realtors - also an attorney member of the California state bar association #69137.

This is for information only and is not the providing of tax or legal services, and source of Graphic is www.ReportsOnHousing.com.           

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 People ask us about strategy for listing and selling homes at Irvine and Orange County CA real estate.    

 

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