Short Sales Still A Factor In Las Flores

The Bad News

Unfortunately, the short sales in Las Flores are abundant at all price points.  Short sales comprise nearly half of all the inventory – 7 of 15 current active listings. The bulk of them (5) are in the $500 to $750 marketplace.

The one big failing in my video post is the lack of mention in . . . → Read More: Short Sales Still A Factor In Las Flores

The Upper Price Points Remain Stalled

Las Flores continues to suffer some of the same conditions we are seeing in the overall South Orange County market – very little activity in the upper price points, a large number of short sales, and very low bank owned activity.

As of today, there are 23 homes on the market in Las Flores and 10 of . . . → Read More: The Upper Price Points Remain Stalled