Real Estate Market Activity

It appears that available South Orange County Coastal home inventory in many cities decreased, while pending homes sales increased in many of the coastal cities. It appears that properties sold are on the upswing as well as buyers are re-entering the market. Indicators show that the market may be somewhat stabilized, as sellers are getting more realistic with their asking price. It may be a good time for buying a home, as prices are at a low with the entry of Bank Owned, REO and Short Sale properties and interest rates remain very attractive.

Below is the most recent Saddleback Valley Information that consolidates monthly comparisons for Mission Viejo, Ladera Ranch, Rancho Santa Margarita, Canyon Area, Coto de Caza, Lake Forest, Foothill Ranch and Portola Hills . The number of sold properties continue at an upward trend like we have seen for over a year.

Information is from data supplied by Southern California Multiple Listing Service (SoCalMLS) and includes the cities of San Clemente, Dana Point, San Juan Capistrano, Laguna Niguel, Laguna Beach, Corona Del Mar, Newport Beach, Newport Coast and Costa Mesa.

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