Bank Owned Listing Update - 2 Closed Sales

Here's a little status update on our Bank Owned Listings:

2834 W Bridgeport Ave, Anaheim - In Escrow, accepting backup offers

215 Knox Street B, Costa Mesa -

• Price reduced $50,000 - offers have been received, so there's no time to waste if you're interested in this one

11 Villa Valtelena, Lake Elsinore - Sold for all cash, 15% above asking price

21331 Bristlecone, Mission Viejo - Sold for full price



If you'd like more info on any of these, or any of our other listings, just contact me or Leslie directly!

Market Time of Orange County Homes Continues to Fall

The "Market Time" benchmark tracked by Steve Thomas of Altera Real Estate has fallen below 2 1/2 months for all Orange County homes, and below 1 1/2 months for homes priced between $250,000 and $500,000.

Market time is the number of months that it would take to sell all homes currently listed on the MLS at the current transaction rate. Here's a chart that shows the picture: