The following update on local real estate information is based on Multiple Listing Service data as of Monday.

Inventory in Placentia remains steady. The most active price range for new escrows last week was $499,000 and under.

Inventory in Yorba Linda also remains steady. Again, the most active price range for new escrows last week was $499,000 and under.

PLACENTIA

Properties available: 126

Condominiums: 34

Houses: 92

Short Sales: 50

REOs: 10

Median condo price: $229,000

Median house price: $525,000

Average time on market: 108

Condos: The median priced condo features 2 bedrooms, 2.5 bathrooms, 1,032 interior square feet, one-car garage and HOA dues of $240 per month. This remodeled condo is listed under short sale terms for $229,000.

Houses: The median priced home features 3 bedrooms, 2 bathrooms, 1,516 interior square feet and a 7,245-square-foot lot. This upgraded single-story, cottage-style home is listed for $525,000.

Price range of available properties:

Under $500,000: 73

$500,000 – $749,999: 46

$750,000 – $999,999: 6

$1,000,000 and over: 1

Properties put into escrow last week: 8

List price range: $135,000 – $515,000

Description: 2 condos, 6 houses

Average time on market: 96

Most expensive properties: One of the most expensive properties put into escrow features 4 bedrooms, 3 bathrooms, 1,986 interior square feet on a 7,000-square-foot lot and RV access. This upgraded tri-level home is listed for $515,000. The actual sales price cannot be disclosed until after the property closes escrow.

YORBA LINDA

Properties available: 302

Condominiums: 71

Houses: 231

Short Sales: 82

REOs: 18

Median condo price: $259,000

Median price of house in 92886 area: $739,900

Median price of house in 92887 area: $790,000

Average days on market: 116

Condos: The median priced condo features 2 bedrooms, 2 bathrooms, 1,080 interior square feet and a 2-car attached garage. This condo is listed under short sale terms for $259,000.

Houses: The median priced home in the 92886 area features 4 bedrooms, 2 bathrooms, 1,640 interior square feet on a 26,216-square-foot lot and equestrian zoning. This upgraded single story home is listed for $739,900.

Price range of available properties:

Under $500,000: 98

$500,000 – $749,999: 95

$750,000 – $999,999: 47

$1,000,000 – $1,499,999: 35

$1,500,000 – $1,999,999: 16

$2,000,000 and up: 11

Properties put into escrow last week: 13

List price range: $149,900 – $1,580,000

Description: 4 condos, 9 houses

Average time on market: 75

Most expensive properties: One of the most expensive properties put into escrow features 5 bedrooms, 4.5 bathrooms, 5,200 interior square feet on a 15,000-square-foot lot and a 4-car garage. This Toll Brothers home is listed for $1,580,000. The actual sales price cannot be disclosed until after the property closes escrow.

Steve Vartanian and Terry Short are Realtors with First Team Real Estate. You may contact them at 714-693-1271, e-mail vartanian1@aol.com or visit their website at www.gotosteveandterry.com.