There are 77 homes in escrow....14 are lender owned and 41 are noted as being short sales. There have been 70 closed sales in 2009....28 were lender owned and 19 were noted as being short sales.
I have several Clients watching the market activity in Ladera Ranch via a web-based service that I use....it enables them to see what is coming on the market, how quickly it is selling and evaluate overall market conditions. Let me know if you would like me to set you up on this service so you can monitor activity over the next few months and get a better feel for the market.
Ladera is a great community appealing to many families, but most specifically, a very family oriented community that had attracted many first time buyers and families "moving up" during the peak of the market. Many who had taken risky loans and were then caught up in the mortgage issues we faced with loans adjusting and people being forced out who could no longer afford the increased payments. We were then faced with a large amount of inventory that flooded the market. Now, we are at one of lowest inventory levels that we have seen in a long time in this area as well.
Hope that helps. Feel free to contact me with any other questions.
Karen La Rue
Keller Williams Realty