October may of rolled along and November was a blur. But December... what holidays? Buyers are out! Sellers are motivated. It is a great market right now.
Here is my monthly newsletter. I think and hope you will read it. The fist two articles are written by me and offer some great information on Bank Owned properties and Buying Investment properties. In fact... Did you know 51% of all homes sold in CA in 2010 had multiple offers? Read on......Let's see how the market faired in November;
Brea has 11 (up 1) bank owned homes on the market as active. In contrast they have 34(down 4) active homes listed as short sale. Plus 62 properties went into escrow between 11/1 and 11/30...pretty steady every month.
Placentia has 9 (down 3) and 57(down 2) active short sale listings. 79 properties went into escrow.
Yorba Linda has 26 (up 2) bank owned and 89 (down 10) short sale active listings. An incredible 142 properties went into escrow!
Anaheim Hills has 14 (up 2) and 57 (up 9) short sale listings. Another 76 properties went into escrow!
Tustin has 17 (down 5) and 80 (down 10) short sale listings. Another 161 properties went into escrow.
Irvine has 31(down 5) and 186 (down 9) short sale listings. 332 properties went into escrow!
Newport Coast has 6 (same) and 3 (down 5) short sale listings. 37 properties opened escrow.
Newport Beach has 9 (up 1) and 61 (up 3) short sale listings. 109 properties opened escrow!
Chino Hills has 32(same) and 121 (down 11) active short sales. 144 properties opened escrow in November.
Corona has 143 (up 16) and an incredible 588(up 18) short sale listings. An amazing 836 properties went in escrow.
I also wanted to let you know I will be out of town December 15-19th, in order to spend time with family for the holidays. I will check email, texts, and voicemails... but for all urgent needs and appts I will refer you to my business associate, Lynn Levine :)
At your service,