More on inventory

Short Sales
92879 (80)
92880 (88)
92881 (37)
92882 (65)
92883 (64)

Standard Sales
92879 (22)
92880 (24)
92881 (16)
92882 (33)
92883 (39)

If we add all of the homes together...we are left with a total (I have not included any probate sales) inventory in Corona of 540 homes. I have mentioned before how low the inventory is compared to where it was just a year ago. If we looked at this on the surface, we might come to the conclusion that the worst is over for real estate in Corona. And this might very well be the case, depending on how successful the banks are at modifying loans (currently approx. 16% of loan mods are being approved). However, a little more digging reveals that there are 3,058 homes at some stage of foreclosure in Corona.

I am still working out in my own head what this means...therefore, I am offering no conclusions yet. But, I am working on it.