According to a recent article on February 10, 2009 in the OC Register by By JONATHAN LANSNER The Orange County Register the latest Orange County home inventory report from Steve Thomas of Alterra Real Estate shows the following ...

  • 56 percent of the homes listed for sale under $1 million dollars were distressed listings.
  • As a percentage of all listed homes for sale the first week of February 2009, 44% of the entire OC market were distressed properties
  • Orange County foreclosures were selling fast with an approximate market time of 1.08 months.
  • Demand for housing is up 70% over a year ago based on the current number of pending escrows over the past 30 days.

With all the distressed properties on the market today it makes it very difficult for a buyer or seller to understand how to operate in this market.  That is why it's important you have a real estate expert to help guide you in these tough times.  I have been licensed for 20 years and have the experience to give you the trends, facts and most importantly the truth for you to make the best decision for you and your family. 

Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments. Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.

For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.

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