Buyer demand is solid at Orange County CA real estate – and it should inspire seller confidence.
Realtors and brokers resold 2,576 Orange County CA homes last month during March 2012 – with average sold price of $511,908.
That’s sold volume up 10.7 percent as compared with March 2011 – when 2325 homes were sold.
442 of those sold homes were REOs – or 17 percent of market.
629 of those sold were short sales – or 24 percent of that market.
So 41 percent of sold homes at Orange County during March this year were distressed properties (either REO or short sales).
