Real estate for sale in Yorba Linda looks brighter by one set of statistics.

Every two weeks, Orange County broker Steve Thomas publishes a report on the supply of local homes for sale. Here’s what the latest report — as of July 7 — has to say about Yorba Linda …

Compare these trends to countywide patterns:

  • Cities with highest level of distressed properties among their listings? Anaheim was tops — 60.3% — followed by Rancho Santa Marg. at 58.3% of listings and Santa Ana at 57.8% of listings.
  • Fewest? Corona Del Mar was tops — 3.1% — followed by Seal Beach at 3.7% of listings and Newport Coast at 8.1% of listings.
    • 384 residences listed in brokers’ MLS system with 94 new deals opening in the past 30 days.
    • By Thomas’s math, this community has a “market time” (months in would take to sell all inventory at current pace of new escrows) of 4.09 months vs. 4.87 months found two weeks earlier vs. 4.58 months seen a year earlier. Countywide, latest market time was 3.96 months vs. 3.78 months a year ago.
    • So, homes in this community sell — in theory — in 3% more time than the countywide pace.
    • Of the homes listed for sale in this community, 96 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 25.0% of supply of homes for sale vs. 33.1% countywide.
    • Homes for sale in Yorba Linda represent 3.4% of Orange County inventory — and 2.6% of all the distressed homes listed for sale in Orange County. New escrows here are 3.3% of all Orange County’s new pending sales.

     

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