Nic Petrossi, Anaheim Hills Realtor – Complete List of Bank Owned | REO | Foreclosures as of Nov. 4, 2008

The following is a complete list of all bank owned (REO, foreclosures) of Anaheim Hills homes as of Nov. 4, 2008.  It is interesting to note that the percentage of these REO properties to regular sale properties in Anaheim Hills is a very small percentage.  The number of bank owned homes vs. regular sale homes in Anaheim Hills is 9 to 192 or 1 out of 20, That is, less than 5% of Anaheim Hills homes on the market are bank owned (REO) properties.  This is a good sign for the real estate market in Anaheim Hills and bodes well for the future direction of the market.

To contact me, your favorite Anaheim Hills Realtor, visit my website —-> CLICK HERE  to search Anaheim Hills homes, homes in general, or to set up a time to view these or any Orange County homes.

 

Tue, Nov 4, 2008 10:44 PM

RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P657119	A	2		H	T	Q	CONDO	A	5424 Snow Wood B	AH	77	92807	740d7	OTHR/0	3	2/1	2	1	1,068	1973	$214,900	44	*
2	P652980	A	1		H	T	Q	SFR	A	5626 E VISTA DEL VALLE	AH	77	92807	770E3	OTHR/0	2	2/1	1	2	1,116	1973	$390,000	74
3	P662560	A	1		H	T	Q	SFR	D	350 N Lakedale Dr	AH	77	92807	770B2	OTHR/-	4	2/2	1	3 A	1,903	1978	$399,900	7
4	P661953	A	8		H	T	Q	CONDO	A	511 S San Vicente Ln	AH	77	92807	770G3	FIRZ/-	3	3/2	2	2 A	2,225	1997	$519,900	12
5	P650691	A	7		H	T	Q	SFR	D	242 N Camino Arroyo	AH	77	92807	770F1	OTHR/0	4	2/2	2	2	2,200	1974	$539,900	89	v
6	P637820	A	1		H	T	Q	CONDO	D	1230 S Wildview Ter	AH	77	92808	771D2	CAMB/*	4	3/3	2	2	2,400	1999	$549,900	135	*
7	R808588	A	12		H	T	Q	SFR	D	4120 E Summer Creek Ln	AH	77	92807	770A3	OTHR/0	4	4/4	2	3 A	3,200	2003	$649,900	37
8	P663053	A	7		H	T	Q	SFR	D	416 S Rolling Hills Pl	AH	77	92807	770D3	OTHR/-	5	3/2	2	3 A	3,033	1972	$679,900	4
9	S541761	A	9		H	T	Q	SFR	D	124 S Martin Rd	AH	77	92808	770H1	OTHR/0	5	4/3	2	4	4,728	1990	$1,650,000	100	*

Boo!…Are You Scared Yet? Thoughts from a Placentia Realtor

Well here we are, it’s almost Halloween and it’s amazing how time flies!

We have seen so much happen in the last 4 years…the housing BUBBLE DEFLATION (the “bubble” is looking more like a deflated jumper on the lawn of a 7 year old birthday party).  We have seen banks scramble as they take back thousands of placentia homes, yorba linda homes and orange county homes back on their books.  We have seen BLACK MONDAY when the stock market plunged with almost unprecedented decreases.  (Scary, but felt almost the same way when I was watched the World Trade Center go down).  It has been a very volatile last few years.  Presently only home owners in North Orange County who bought homes 2003 or sooner have homes worth more than when they were purchased.  It has taken 3 years for homes to go back down to 2004 values.  Now, most buyers who have been sitting on the fence are eyeing the bank owned repos feeling that the best deals are in the foreclosure market.  We’re seeing bank owned foreclosures with attracting multiple offers and agents in our Prudential Brea office are complaining that in some areas they cannot win the bidding war to get their client a home! 

When you have multiple offers, you’re usually near the bottom of a downward trend.  It has taken a long time, but sellers are finally becoming more realistic about the true worth of their home.  Those that are unrealistic or just “testing the waters” of the market are taking their homes off the market when they sit for months and months with no serious offers.  Less people put their homes on the market in September / October / November / December so what we’re seeing is a decrease in inventory for re-sale homes and an increase in the number of buyers entering the market who are hoping to time the “bottom” perfectly (like trying to buy when stocks are at their absolute lowest). 

So, when is a good time to sell?  Answer:  Whenever you HAVE TO.  I’m finding that sellers who HAVE to sell are selling their homes because they’re lowering their prices to attract offers.  Sellers who WANT to sell will not sell their homes unless they’re willing to compete with the HAVE TO sellers and join the elite group who are pricing their homes under market, ahead of the bell curve.  These are the sellers that will look back and be glad they did what they had to do.  Those that played around with trying to get top dollar will be looking back saying, “Gosh darn, I should have been more aggressive.”