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

Placentia inventory increased 10 percent last week. It was a slow week with only three new escrows. Properties listed under short sale terms are 40 percent of the market.

Inventory in Yorba Linda remains steady. It was an active week with 24 new escrows, of which nine were condos.

PLACENTIA

Properties available: 136

Condominiums: 39

Houses: 97

Short Sales: 54

REOs: 14

Median condo price: $274,000

Median house price: $520,000

Average time on market: 101

Condos: One of the least expensive condos features 2 bedrooms, 1 bathroom, 845 interior square feet, one parking space and association dues of $298 per month. This bank-owned property is listed for $99,500.

Houses: One of the least expensive homes features 2 bedrooms, 2 bathrooms, 1,060 interior square feet on a 5,500-square-foot lot and a 4-car garage. This home was built in 1928 and is listed under short sale terms for $208,000.

Price range of available properties:

Under $500,000: 83

$500,000 – $749,999: 46

$750,000 – $999,999: 6

$1,000,000 and over: 1

Properties put into escrow last week: 3

List price range: 559,000 – $735,000

Description: 3 houses

Average time on market: 148

Most expensive properties: One of the most expensive properties put into escrow features 5 bedrooms, 3 bathrooms, 3,355 interior square feet on a 6,076-square-foot lot, view of the mountains and association pool and spa. The list price is $735,000. The actual sales price cannot be disclosed until after the property closes escrow.

YORBA LINDA

Properties available: 306

Condominiums: 77

Houses: 229

Short Sales: 79

REOs: 19

Median condo price: $259,000

Median price of house in 92886 area: $749,000

Median price of house in 92887 area: $700,000

Average days on market: 112

Condos: One of the least expensive condos features one bedroom, one bathroom, one carport and association dues of $292 per month. This single-story, bank-owned condo is listed for $139,900.

Houses: One of the least expensive homes in the 92886 area features 3 bedrooms, one bathroom, 1,225 interior square feet on a 13,250-square-foot lot and a 2-car attached garage. The list price is $330,000.

Price range of available properties:

Under $500,000: 106

$500,000 – $749,999: 93

$750,000 – $999,999: 45

$1,000,000 – $1,499,999: 34

$1,500,000 – $1,999,999: 16

$2,000,000 and up: 12

Properties put into escrow last week: 24

List price range: $195,000 – $1,499,000

Description: 9 condos, 15 houses

Average time on market: 85

Most expensive properties: One of the most expensive properties put into escrow features 4 bedrooms, 4.5 bathrooms, 4,065 interior square feet on a 64,598-square-foot lot, a 5-car garage, pool, spa and view of the hills. The list price is $1,499,000. 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.