Interested in what the Orange County real estate market looks like? Well, for starters, things are looking up. If you were waiting around, hoping to snatch a steal from the brink of foreclosure, it looks like you waited too long. The banks have started to handle distressed properties in Orange County (foreclosures and short sales) at a slow but steady pace. In other words, the distressed home inventory has not been this low since June 2007. In Orange County, just 15% of the total active inventory and 39% of demand are short sales and foreclosures. This is a huge drop from last year, when distressed properties represented 34% of the inventory and 51% of demand.

Here’s a glimpse into Orange County’s current real estate market:

All O.C. Distressed All Pct. Distress
Total 721 4,886 14.8%
By type of distress Pendings Listed Time (months)
O.C. foreclosures 209 158 0.76
O.C. short sales 1,130 563 0.50
By home type Distressed All Pct. Distress
Attached homes 305 1,504 20.3%
Detached 406 3,363 12.1%
By price slice Distressed All Pct. Distress
O.C. $ 0-$ 250k 140 572 24.5%
O.C. $ 250-$ 500k 333 1,148 29.0%
O.C. $ 500k-$ 750k 147 1,081 13.6%
O.C. $ 750k-$ 1m 44 653 6.7%
O.C. $ 1m-$ 1.5m 33 502 6.6%
O.C. $ 1.5m-$ 2m 5 287 1.7%
O.C. $ 2m-4m 9 436 2.1%
O.C. $ 4m+ 2 244 0.8%
By city/High share Distressed All Pct. Distress
La Palma 7 9 77.8%
Portola Hills 2 4 50.0%
Rancho Santa Marg. 18 47 38.3%
By city/Low share Distressed All Pct. Distress
Dove Canyon 0 10 0.0%
Seal Beach 1 219 0.5%
Corona Del Mar 2 103 1.9%

An experienced Orange County realtor like Cheryl Marquis knows the market and can still find you a great deal. Interested in buying or selling your Orange County home? Call Cheryl today.

For more Orange County real estate news and happenings, follow Cheryl on Twitter @CherylSellsOC or check her on Facebook at CherylSellsOrangeCounty.

Cheryl Marquis has been an active and successful real estate agent in South Orange County, California for more than 25 years. As a TOP PRODUCER in her company, Cheryl has received the specific accreditation of a Certified Relocation Specialist (CRS) and Accredited Buyers Agent (ABR) and is a member of the Who’s Who of Luxury Real Estate, a select network of the world’s leading luxury home agents. Cheryl is a member of C.A.R. (California Association of Realtors), N.A.R. (National Association of Realtors) and O.C.A.R. (Orange County Association of Realtors). To talk to Cheryl about buying or selling a home in Orange County, call her at 949.683.1501 or visit her online at