Available Homes Report (Corona and Norco, CA)

I haven't done one of these reports in a while, so I am a little surprised by the shift in the inventory. Here is the breakdown...

Standard Sales - 204
Short Sales - 147
REOs - 50

There are literally more standard sales on the market than distressed properties. This could be due to a few reasons. One, real estate agents HATE short sales. So, there could be a large number of realtors who do not want to take the listings. Two, the banks have been beat up by federal regulators. Therefore, they may be less willing to foreclose properties. Three, homeowners may be fed up with the process and just not even attempting to short sell the homes. This could also led to homeowners being uncooperative and staying in their homes longer (filing for bankruptcy, multiple loan mod attempts, etc...).

I will post more tomorrow about the inventory in Corona and Norco.

92879

Standard Sales (26)
Short Sales (33)
REO (7)


92880

Standard Sales (50)
Short Sales (39)
REO (11)

92881

Standard Sales (44)
Short Sales (16)
REO (9)

92882

Standard Sales (34)
Short Sales (31)
REO (16)

92883

Standard Sales (50)
Short Sales (28)
REO (7)

92860

Standard Sales (37)
Short Sales (11)
REO (3)

Corona Inventory

So, we tried to write a little bit more consistently, and it hasn't quite worked out. Anyway, it (and by 'we' and 'it' I mean 'ME') is a work in progress.

Standard Sales (301)

92879 (45)
92880 (64)
92881 (56)
92882 (66)
92883 (70)

Short Sales (648)

92879 (116)
92880 (172)
92881 (63)
92882 (147)
92883 (150)

REO (130)

92879 (25)
92880 (31)
92881 (18)
92882 (33)
92883 (23)

Here we are two months later and our inventory (from raw data, I am only going to dissect the numbers on a quarterly basis) has increased by 49 homes in Corona. We have 23 more short sales on the market, 43 more standard sales on the market, and 17 less bank owned homes on the market.

The number that intrigues me is the number of bank owned homes on the market. The number of bank owned homes on the market is the real market indicator.