The Distressed Properties Market in Orange County

The Orange County market is currently showing a 25% market share for single family, and 39.1% market share of homes that are distressed properties. The number of distressed home sales is dropping and that is a very good sign. It does appear that the lower end of the market has stabilized or at least has hit bottom.

There does seem to be a lid on appreciation due to the distressed properties which must work there way out of the market. A lot of distressed properties does not cause the market to have an up tick in the appreciation here in Orange County.

Rancho Santa Margarita has 56.3%, Portola has 60%, Ladera Ranch 52.3% are some of the highest areas in South Orange County with a lot of distressed properties. If we look at the value of the homes we see that the homeowners in distress approach the 50% mark in properties below $500,000. That price range is 43% of the entire active inventory and 63% of demand, the hottest price range.

Nation wide we see that over 7.3 million homes are in distress loans that are 30 days or more in a delinquent. The distressed properties market in the nation and in Orange County is still all too well.

If you need an expert in selling a home that is behind in payments call Tim Lorenz and the Elite Home Sales Team.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!