Yorba Linda Homes Update October 2011

Here is the bird's-eye breakdown of the homes for sale in Yorba Linda by price range: All Data is from the CRMLS Carets system. Breakdown includes short sales and foreclosures. You can search for homes on the MLS here ---> WEBSITE.

$100K - $200K

There are currently 18 homes for sale in the lowest price range. Of these, 14 are short sales and 2 are foreclosures (also known as REO's). No big surprise here. Most of these are 2 Bed condos around 1,000sf in size. That leaves 2 properties in this price range as standard/regular sales.

INVENTORY = LOW.

$200K - $300K

There are currently 39 homes for sale in this price range. Most are condos. There are actually quite a few 3 bedroom properties in this price range. 27 of these are short sales and 6 of these are foreclosures (REOs). Again, no big surprise since the lower end properties today are mostly either short sales or foreclosures. That leaves a whopping 6 homes that are standard / regular sales.

INVENTORY = HIGH

$300K - $400K

There are currently 14 homes in this price range with only 4 being short sales and 0 foreclosures. This is a good sign for this price range and shows that Yorba Linda is a strong city in terms of having a healthy percentage of regular sales. The more short sales, and the more foreclosures the sharper the decline in prices. There are several 4 bedroom properties in this price range.

INVENTORY = LOW

$400K - $500K

Now the number of properties jumps up HUGE. 43 homes for sale in this price range. 18 of these homes are short sales and only 4 are foreclosures. VERY different from the $200K to $300K range where approx. 80% of the properties are either short sale or REO. A much healthier dose of standard sales here. Interestingly, the number of homes jumps up sharply after only 14 homes in the red hot $300,000 to $400,000 range. Of course we know that the less homes available, the greater the demand for that price range and the more homes for sale, the less of a demand for those homes.

INVENTORY = HIGH

$500K - $600K

56 homes for sale. 19 are short sales and 2 are REO. This is an even healthier ratio than the 400 to 500 range. That means that only 21 of 56 properties listed are distressed properties.

Nic Petrossi, Realtor 714-272-3646 Npetrossi@yahoo.com