Fountain Valley: 40% distressed homes

Posted on by Listify Me

Real estate for sale in Fountain Valley appears chilled by one set of statistics.

Every two weeks, Steve Thomas of ReportsOnHousing.com publishes a study of the supply of local homes for sale. Here’s what the latest report — as of January 5 — details about Fountain Valley …



  • 86 residences listed in brokers’ MLS system with 28 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 3.07 months vs. 1.88 months found two weeks earlier vs. 5.95 months seen a year earlier. Countywide, latest market time was 3.65 months vs. 5.10 months a year ago.
  • So, homes in this community sell — in theory — in 16% less time than the countywide pace.
  • Of the homes listed for sale in this community, 34 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 39.5% of supply of homes for sale vs. 38.7% countywide.
  • Homes for sale in Fountain Valley represent 1.1% of Orange County inventory — and 1.1% of all the distressed homes listed for sale in Orange County. New escrows here are 1.3% of all Orange County’s new pending sales.

Compare these trends to countywide patterns:

  • Cities with highest level of distressed properties among their listings? Portola Hills was tops — 87.5% — followed by Rancho Santa Margarita at 66.4% of listings and Ladera Ranch at 66.1% of listings.
  • Fewest? Corona Del Mar was tops — 4.4% — followed by Seal Beach at 4.7% of listings and Laguna Woods at 8.1% 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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