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45% of Las Flores Homes for Sale are in Distress In the last 12 months, we’ve had 66 sales in Las Flores and 38 of those sales have been in some form of distress (either short sales or foreclosed homes). That means that about 58% of our closed sales were distressed, which can certainly have a negative . . . → Read More: Las Flores Riding Out the Real Estate Market Disclosure – these numbers may be a bit dry and boring, but I think they are good to be aware of. I’m not this boring in real life It was interesting examining the numbers this time. The equity sellers that may have been waiting for the market to improve, may have decided to move . . . → Read More: Equity Sellers on the Move in Las Flores Short sales are still really a prevalent issue in Las Flores with nearly half of all Active listings, more than half of all properties In Escrow, and nearly half of all Sold listings short. The most active price range is between $500,000 and $750,000. We still are still the over $750,000 market as very slow throughout . . . → Read More: Las Flores Market Update – Short Sale Success 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 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 |
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