More signs of increasing home sales

Doing some website maintenance at DickHamer.com, I discovered some interesting signs that well-priced real estate is on the move in south Orange County. Since I offer lists of listings showing the best-priced buys in both the over-$500K and under-$500K segments, I can track how many of them change from Active to Pending status in a given timeframe. What I've found today is that, in the last week, 18 out of 66 such listings in the under $500K list went Pending (27%). In the other group, 10.6% or 5 out of 47 went Pending. This pretty well mirrors what I'm also seeing and hearing here in Lake Forest / Mission Viejo, where an increasing number of buyers are snapping up the better-priced offerings, typically short sale and bank-owned listings. It's definitely getting busier out there!