Ladera Ranch is Orange County's Second Fastest Housing Market as of May 26th

According to Orange County broker Steve Thomas, Ladera Ranch was named the O.C.’s second fastest home market as of May 26th. Here’s what Thomas had to say in his most recent report about the supply of local Ladera Ranch Luxury Homes that are for sale.
Thomas reported that 168 residences were listed in the brokers' MLS system with 73 new deals opening since late May. He then calculated that Ladera’s market time—the amount of time it would take to sell all inventory at current pace of new escrows—to be 2.30 months. Countywide, latest market time was 3.68 months, which makes Ladera Orange County’s second fastest market.
Of the houses sold in Ladera during this time, 78 were either foreclosures being resold or short sales, where sellers owe more than the home's value. Homes for sale in Ladera Ranch represent 1.5% of Orange County inventory, and 2.0% of distressed homes for sale.
Distressed properties—homes in foreclosure or short sale—made up 46.4% of listings of homes for sale in Ladera, versus 33.9% countywide. Anaheim was one of the top cities where the highest levels of homes for sale were distressed properties with 60.1% of its listings falling under the distressed category. Anaheim was followed by Rancho Santa Margarita with 59.6% and La Habra with 58.8%.
On the other end, Seal Beach had the fewest distressed properties for sale with only 5.2% of their listings being distressed, followed by Corona Del mar with 5.7%. Laguna Woods was not far behind with only 6.7% distressed listings.
According to Orange County broker Steve Thomas, Ladera Ranch was named the O.C.’s second fastest home market as of May 26th. Here’s what Thomas had to say in his most recent report about the supply of local Ladera Ranch Luxury Homes that are for sale.
Thomas reported that 168 residences were listed in the brokers' MLS system with 73 new deals opening since late May. He then calculated that Ladera’s market time—the amount of time it would take to sell all inventory at current pace of new escrows—to be 2.30 months. Countywide, latest market time was 3.68 months, which makes Ladera Orange County’s second fastest market.
Of the houses sold in Ladera during this time, 78 were either foreclosures being resold or short sales, where sellers owe more than the home's value. Homes for sale in Ladera Ranch represent 1.5% of Orange County inventory, and 2.0% of distressed homes for sale.
Distressed properties—homes in foreclosure or short sale—made up 46.4% of listings of homes for sale in Ladera, versus 33.9% countywide. Anaheim was one of the top cities where the highest levels of homes for sale were distressed properties with 60.1% of its listings falling under the distressed category. Anaheim was followed by Rancho Santa Margarita with 59.6% and La Habra with 58.8%.
On the other end, Seal Beach had the fewest distressed properties for sale with only 5.2% of their listings being distressed, followed by Corona Del mar with 5.7%. Laguna Woods was not far behind with only 6.7% distressed listings.