Central Coastal OC Short Sale and Foreclosure Update – February 22, 2011

Here’s a look at the inventory in Costa Mesa, Newport Beach, Huntington Beach, and Laguna Beach. For more information on Orange County foreclosures and short sales visit Torelli Realty.

Below is a look at the number of homes identified in the MLS as being ‘in the foreclosure process,’ ‘short sale offer submitted,’ ’short sale/subject to lender approval,’ ‘notice of default,’ ‘REO/Lender-owned,’ or ‘REO Offer(s) submitted.’  These homes are currently either active listings, accepting backup offers or pending sales.

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Credit jscreationzs

Costa Mesa:

185 total homes listed as in the above categories

Huntington Beach:

421 total homes listed as in the above categories

Newport Beach:

135 total homes listed as in the above categories

Laguna Beach:

65 total homes listed as in the above categories

Please note that these numbers only reflect what is reported in the SoCal Multiple Listing Service. We will continue to follow the numbers and share the changes in the local Orange County real estate market. Please comment or email us at info@torellirealty.com if you’d like additional information.

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