Monday, November 19, 2007

Parkridge For Sale Prices Drop

Both #25 and #102 have reduced their asking prices again. #25 is now listed for $260,000 and #102 is listed at $314,500. Below is some of the language on the listing at Realtor.com.

Move up to this listing and I'll buy yours for CASH! This home is also protected by the ONLY real Buyer Protection program around. If you are not satisfied with the purchase of your home within 12 months we'll buy it back. Call Listing Agent for details. (800)765-3150 x111 ********** They say buy the worst home in the best neighborhood. Well, this condo is a great home in a great neighborhood at a rock bottom price. Room to negotiate. If you're a buyer looking to get a great deal on a home in the current market, join our Foreclosure Buyers Club for access to all the best listings that even other agents don't have access to. (800)765-3150 x112 .

Tuesday, November 06, 2007

Santa Ana, Anaheim top O.C. in distressed homes for sale

Santa Ana, Anaheim top O.C. in distressed homes for sale
November 5th, 2007 · 129 Comments · posted by Jon Lansner of the O.C. Register
Market watcher Steve Thomas at Re/Max Real Estate Services in Aliso Viejo has a new stat out: foreclosures and short sales listed for sale — what I’m calling distressed properties — as a share of total for-sale inventory by major O.C. communities. Short sales are where the bank agrees with a troubled borrower to take less than the loan amount due at sale.

The report (derived from MLS listings) shows that as of last Thursday, Santa Ana’s home inventory had the highest share of distressed properties in O.C. at 32.8%, just ahead of Anaheim at 32.6%. While we’ve discussed mid-county housing woes before, it’s noteworthy that the next two communities with high levels of distressed property for sale were Rancho Santa Margarita (31.3%) and Lake Forest (29.8%.) Read how beach towns fared HERE.

Overall, Thomas found 17.5% of all O.C. inventory was of the distressed variety. Here’s a look at the distressed property count and share of inventory by key O.C. neighborhoods ….
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