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 Inventory

Here is the inventory for Corona, CA as of today. I am going to be adding some additional data about trends for the area...and I hope to have this added by the end of the day today. I will be updating the inventory lists every Monday...so I hope you check back. Tomorrow I am going to outline a general format for the blog...so there will kind of be a schedule for what is to come.

Please leave me comments, letting me know what you like...and what you don't like. Thanks!!!

92879

REO (28)
Short Sale (117)
Standard (38)

92880

REO (32)
Short Sale (162)
Standard (63)

92881

REO (27)
Short Sale (65)
Standard (46)

92882

REO (32)
Short Sale (152)
Standard (46)

92883

REO (28)
Short Sale (129)
Standard (65)

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.

Foreclosure Lists (92879)

92879 (91)

Standard Sale (15)
REO (10)
Short Sales (59)