Stronger housing: Anaheim or Anaheim Hills?

Posted on by Listify Me

One analysis of real estate for sale in Anaheim shows the market speedier in its last tabulation.

Every two weeks, Orange County broker Steve Thomas publishes a report on the supply of local homes for sale. Here’s what the latest report — as of August 18 — has to say about Anaheim …



  • 572 residences listed in brokers’ MLS system with 227 new deals opening in the past 30 days.
  • By Thomas’s math, this community has a “market time” (months in would take to sell all inventory at current pace of new escrows) of 2.52 months vs. 2.77 months found two weeks earlier vs. 2.47 months seen a year earlier. Countywide, latest market time was 3.46 months vs. 3.88 months a year ago.
  • So, homes in this community sell — in theory — in 27% less time than the countywide pace.
  • Of the homes listed for sale in this community, 345 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 60.3% of supply of homes for sale vs. 32.9% countywide.
  • Homes for sale in Anaheim represent 5.2% of Orange County inventory — and 9.5% of all the distressed homes listed for sale in Orange County. New escrows here are 7.1% of all Orange County’s new pending sales.

Meanwhile, in Anaheim Hills …

  • 178 residences listed in brokers’ MLS system with 54 new deals opening in the past 30 days.
  • By Thomas’s math, this community has a “market time” (months in would take to sell all inventory at current pace of new escrows) of 3.30 months vs. 3.59 months found two weeks earlier vs. 3.54 months seen a year earlier. Countywide, latest market time was 3.46 months vs. 3.88 months a year ago.
  • Of the homes listed for sale in this community, 55 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 30.9% of supply of homes for sale vs. 32.9% countywide.
  • Homes for sale in Anaheim Hills represent 1.6% of Orange County inventory — and 1.5% of all the distressed homes listed for sale in Orange County. New escrows here are 1.7% of all Orange County’s new pending sales.

Compare these trends to countywide patterns:

  • Cities with highest level of distressed properties among their listings? Anaheim was tops — 60.3% — followed by Buena Park at 60.1% of listings and Rancho Santa Marg. at 58.3% of listings.
  • Fewest? Corona Del Mar was tops — 4.1% — followed by Seal Beach at 4.8% of listings and Villa Park at 6.1% of listings.

    • For more real estate news, CLICK HERE! For ZIP-by-ZIP homebuying trends, CLICK HERE! And for the latest housing foibles of Real Housewives of Orange County cast, CLICK HERE!

     


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