Market activity - Rancho Santa Margarita, Mission Viejo, Ladera Ranch, Coto De Caza - Orange County - October 2008

Market activity - Rancho Santa Margarita, Mission Viejo, Ladera Ranch, Coto De Caza - Orange County - October 2008
by John Alesi, Mission Viejo REALTOR®
Mission Viejo CA Real Estate

Here is a snapshot of sales activity from Sept 15-Oct 15, 2008 for four cities in South Orange County. I have also included overall Orange County sales figures for comparison.

In addition to the declining prices, you can see the increasing number of foreclosures, which were nearly non-existent in 2006, now make up a significant part of the sales activity. The last section of the chart is year-to-date activity for all of Orange County. (These data were compiled from the SoCal MLS and may not reflect sales from other sources.)