The inventory here in Corona took a small step (26% - 98 to 72) backwards this week. In fact, we had two of the five zip codes in Corona without a new REO listing. In fact there were only 8 REO listings total.

92879

REO (0)
Short Sale (8)
Standard (5)

92880

REO (3)
Short Sale (9)
Standard (5)

92881

REO (1)
Short Sale (5)
Standard (5)

92882

REO (4)
Short Sale (7)
Standard (4)

92883

REO (0)
Short Sale (9)
Standard (7)

Inventory Lists

OKAY! So, the blog hasn't taken shape like I wanted. But, it is only the second week of January and I have a time to get it back on track.

The inventory has grown by the modest amount of 98 homes. Of those, 20 are bank owned homes. The standard sales amounted to 38 of the homes, which leaves 40 homes that are short sales.

The ruling by the Massachusetts's Supreme Court on Friday is going to cause banks to be more willing to negotiate short sales and loan modifications. Thus, we may shift back to short sales as a real viable option for buyers looking to get a home.

Here is the complete list of homes added to the MLS in the last week!

92879

REO (3)
Short Sale (10)
Standard Sale (3)

92880

REO (9)
Short Sale (13)
Standard Sale (8)

92881

REO (2)
Short Sale (4)
Standard Sale (5)

92882

REO (5)
Short Sale (7)
Standard Sale (15)

92883

REO (1)
Short Sale (6)
Standard Sale (7)

Corona Homes Available

92879

REO (18)
Standard (30)
Short Sale (79)

92880

REO (11)
Standard (49)
Short Sale (85)

92881

REO (11)
Standard (25)
Short Sale (30)

92882

REO (17)
Standard (36)
Short Sale (90)

92883

REO (14)
Standard (50)
Short Sale (83)

There are 628 homes available in Corona. I am going to start posting my featured listings this weekend. However, some of them are out of the area (Fullerton, Huntington Beach, etc).