The Investors Know

Statistics show that investors account for about 20% of all the current existing home sales in Orange County.  Many of these purchases are being made with all CASH. Investors are usually pretty savvy and appear to be taking advantage of ideal buying conditions in South Orange County. What about you?

Bank-Owned Condo Activity

I was searching for active bank-owned condo listings in Laguna Niguel last week, and only came up with 10 active listings. I revised the search to include pending listings (listings in escrow) and came up with the 10 active and 31 pendings! That is quite a statistic. Those pending listings must have all gone into escrow withing the last 3 to 4 weeks. Many had been on the market less than 2 weeks and some just a few days.

Jackie Gibbins