Aliso Viejo Short Sales Market Summary

Aliso Viejo Short Sale Experts

This market summary is for all property listings, short sales and bank REO sales statistics in Aliso Viejo, California. This report was generated by the short sale specialists at the Short Sales ASAP group, who are number one in terms of the volume of  short sale property listings sold and closed in Orange County.

Below is a tabulation of the statistics we have gathered for all sales, short sales and REO sales, in Aliso Viejo – Orange County, California:

Aliso Viejo – Detached Homes Active for Sale:

• Total Listings:  41
• Median price: $585,000
• Average price per square foot:  $293
• Number Short Sale Listings: 19
• Number Bank Owned REO’s Listings: 1
• Total financially distressed (Short Sales plus REO’s): 20
• Ratio of Distressed to Total Listings:  49%
• Median price of distressed Listings: $570,000
• Average Price per Square Foot of Distressed Listings:  $265

Aliso Viejo – Attached Condos Active for Sale:

• Total Listings:  68
• Median price: $349,000
• Average price per square foot:  $270
• Number Short Sale Listings: 43
• Number Bank Owned REO’s Listings: 3
• Total financially distressed (Short Sales plus REO’s): 46
• Ratio of Distressed to Total Listings:  68%
• Median price of distressed Listings: $319,000
• Average Price per Square Foot of Distressed Listings:  $256

Aliso Viejo – Detached Homes Pending in Escrow:

• Total In Escrow:  57
• Median price: $529,000
• Number Short Sales In Escrow: 37
• Number Bank Owned REO’s In Escrow: 2
• Total financially distressed (Short Sales plus REO’s): 39
• Ratio of Distressed to Total Pending:  68%
• Median price of distressed In Escrow: $550,000

Aliso Viejo – Attached Condos Pending in Escrow:

• Total In Escrow:  132
• Median price: $310,000
• Number Short Sales In Escrow: 101
• Number Bank Owned REO’s In Escrow: 14
• Total financially distressed (Short Sales plus REO’s): 115
• Ratio of Distressed to Total:  87%
• Median price of distressed In Escrow: $357,000

Aliso Viejo – Detached Homes Sold in Past 90 Days:

• Total Sold:  70
• Median price: $542,000
• Average price per square foot:  $288
• Number Short Sales Sold:  17
• Number Bank Owned REO’s Sold:  7
• Total financially distressed (Short Sales plus REO’s):  24
• Ratio of Distressed to Total Sold:  34%
• Median price of distressed Listings: $534,000
• Average Price per Square Foot of Distressed Listings:  $286

Aliso Viejo – Attached Condos Sold in Past 90 Days:

• Total Sold:  126
• Median price: $320,000
• Average price per square foot:  $252
• Number Short Sales Sold: 50
• Number Bank Owned REO’s Sold: 27
• Total financially distressed (Short Sales plus REO’s): 77
• Ratio of Distressed to Total Sold:  61%
• Median price of distressed Sold: $290,000
• Average Price per Square Foot of Distressed Listings:  $238

One of the more striking observations is the high rate of failure when it comes to closing short sales. Look at the ratio of Active short sales to Total Listings for Condos which is 68%.  Then compare that to the ratio of Sold and Closed short sale condos to total sold Condos, which is 39%.   the shows that 43% of short sale listings have failed to close escrow recently in Aliso Viejo.   The reason being, is that many local Realtors do not have the training or experience in order to close short sales at a high rate of success.  Short sales are the most complex of all residential transactions and require skill, and expertise in order to close at a high rate of success. It is important for Aliso Viejo home owners who owe more than their home is worth, to work with an experienced short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com , or visit:  www.AlisoViejoShortSaleExpert.com