Anna Child- 714-398-6913

The Lack of O.C. Listed Homes is UNBELIEVABLE!

Left Side Pier LONG Really

representing only 15% of the active inventory but 37% of demand. At the beginning of 2012, there were 3,137 short sales and foreclosures on the market. The distressed inventory has dropped by more than 75%. In the past two weeks, the foreclosure inventory decreased by 17 homes, totaling 151, and has an expected market time of 20 days. The short sale inventory decreased by 49 homes in the past two weeks and now totals 613. The expected market time is 17 days and continues to be the hottest segment of the housing market, hotter than foreclosures. On average, short sales take a much longer time to close and there is no such thing as a predefined close of escrow date. The close date is up in the air until formal lender approval is eventually received. But, with so few homes on the market, buyers are willing to wait.

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For questions about buying and selling real estate in Orange Count Anna Child with Coldwell Banker-Campbell Realtors direct at 714-398-6913, email annachild1@gmail.com!

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photo by: Neil Kremer