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

Placentia inventory increased slightly last week. The inventory listed under short sale terms has decreased by 25 percent since the beginning of the year.

Yorba Linda had a busy week with 29 new escrows. The inventory listed under short sale terms has been slightly reduced since the beginning of the year.

PLACENTIA

Properties available: 138

Condominiums: 38

Houses: 100

Short Sales: 42

REOs: 11

Median condo price: $299,000

Median house price: $519,900

Average time on market: 82

Condos: One of the most expensive attached condos features 3 bedrooms, 3.5 bathrooms, 2,417 interior square feet and a 3-car attached garage. This condo was built in 2009 and is listed for $615,000.

Houses: One of the most expensive homes features 5 bedrooms, 3 bathrooms, 3,200 interior square feet on an 8,690-square-foot lot and a mountain view. This upgraded home is listed under short sale terms for $824,900.

Price range of available properties:

Under $500,000: 84

$500,000 – $749,999: 50

$750,000 – $999,999: 4

$1,000,000 and over: 0

Closed sales last week: 11

Properties put into escrow last week: 8

List price range: $100,000 – $749,900

Description: 2 condos, 6 houses

Average time on market: 112

Most expensive properties: One of the most expensive properties put into escrow features 5 bedrooms, 3 bathrooms, 3,200 interior square feet on an 8,550-square-foot lot and a 3-car garage. This Alta Vista Country Club home is listed for $749,900. The actual sales price cannot be disclosed until after the property closes escrow.

YORBA LINDA

Properties available: 336

Condominiums: 81

Houses: 255

Short Sales: 83

REOs: 19

Median condo price: $260,000

Median price of house in 92886 area: $759,000

Median price of house in 92887 area: $699,000

Average days on market: 105

Condos: One of the most expensive attached condos features 3 bedrooms, 3.5 bathrooms, 3,302 interior square feet and a view of the golf course. This is a to-be-built condo and is listed for $833,995.

Houses: One of the most expensive homes in the 92887 area features 5 bedrooms, 6.5 bathrooms, 7,000 square feet, panoramic view and a 15-acre lot. This custom home is listed for $1,399,888.

Price range of available properties:

Under $500,000: 100

$500,000 – $749,999: 110

$750,000 – $999,999: 60

$1,000,000 – $1,499,999: 42

$1,500,000 – $1,999,999: 13

$2,000,000 and up: 11

Closed sales last week: 23

Properties put into escrow last week: 29

List price range: $174,900 – $1,395,000

Description: 7 condos, 22 houses

Average time on market: 70

Most expensive properties: One of the most expensive properties put into escrow features 5 bedrooms, 4.5 bathrooms, 4,600 square feet on a 30,004-square-foot lot, 5-car garage and a pool and spa; This home is listed for $1,395,000. 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, email vartanian1@aol.com or visit their website at www.gotosteveandterry.com.