July 31, 2017

Inaccurate MeasuresBuyers and sellers often rely on the price per square foot as a way to determine the value of a home, but it is just not accurate.

Price Per Square Foot: Do not rely on the price per square foot as a

reliable method to determine a home’s value.

Everybody is looking for a shortcut in establishing the value of a home.

Online home valuation tools are now everywhere, Zillow being the most

popular. They simply are not accurate. If you can find the fine print and have

a math degree to determine what in the world they are saying, these tools

are merely approximations of value and frequently have significant errors. If going online and plugging in an address

does not work, what about utilizing the price per square foot to secure the value of a home? Unfortunately, it too is

just another unreliable shortcut.

The average price per square foot varies from city to city, neighborhood to neighborhood, street to street, and even

home to home. For all of Orange County, the price per square foot in June was $440. In May, it was $459. No, there

was not a 4% drop in value from May to June. Instead, it illustrates that this data point cannot be relied upon to

determine the value of a home. Just as the median sales price is a poor indicator of the precise increase or decrease in

value, the price per square foot is unquestionably as unreliable.

Applying the average price per square foot to different sized homes to determine the value results in a major error

in comparing it to the true average sales price. In Orange County, a 3,000 square foot home comes close, but is

still $29,000 off, a 2% erro. In breaking it down by city, the severity of the errors are similar. In Mission Viejo,

for example, there is quite a discrepancy in both the low end and the higher end. In Newport Beach, prices vary

considerably for smaller sized homes.

Overall, the price per square foot should not be used to isolate the true value of a home. It can be used, over time, as a

gauge to determine which direction home values are moving. Some months it is up, and other months it is down. Yet,

over the course of a year, the values will start to paint a picture that illustrates the direction of the market.

So, why can’t the price per square foot be used to zero in on the value of a home? There are way too many nuances that go into the Fair Market Value of a home. The number of bedrooms and bathrooms, lot size, usable lot, square footage, location, pool, spa, upgrades, amenities, condition, main floor bedroom, number of stories, school zone, privacy, architecture, floor plan design, view, garages, street parking, proximity to the beach, and so on, all determine a home’s value. Does the home back to a busy street? Is it located on a cul-de-sac that has homes on only one side of the street? Is there street noise? The list of questions goes on and on.

Square footage alone cannot determine if a home has been updated, upgraded, or is in turnkey condition. For example, four of the exact same Madrid Del Lago single level plans sold in Mission Viejo over the past 90-days, all 2,133 square feet. The sold prices varied from $838,000 ($392 per square foot) to $997,500 ($468 per square foot), a $159,500 difference. Quite obviously, square footage alone does not provide enough information to arrive at the price of a home.

Professional REALTORS® and appraisers take a home and compare it to similar pending and recently sold homes, adjusting the value up and down based upon all of the differences. The price per square foot is not really a factor. There are no shortcuts. The market analysis that professionals prepare is by far the most accurate method in determining the value of a home.Active Inventory: The active inventory may have already peaked after declining by 16 homes in the past couple of weeks.The active listing inventory shed 16 homes and now sits at 5,967, the first drop since the end of January. Sixteen homes may not be a lot, but it illustrates how the active inventory is having a real hard time pushing past the 6,000 home mark. And, it looks as if that is not going to occur at all this year. Typically, the inventory peaks around mid-August, but not this year. The theme for 2017 has been fewer homeowners listing their homes for sale. There have been 10% fewer homes to come on the market over the past month, and 7% fewer overall this year. As a result, it looks as if the Orange County active inventory may have already peaked, a bit early.

Last year at this time, there were 7,317 homes on the market, 1,350 additional homes or 23% more than today.

Demand: Demand increased by 5 pending sales in the past couple of weeks.Demand, the number of homes placed into escrow within the prior month, increased by 5 pending sales in the past two-weeks and now totals 2,835, nearly the same. Demand is up year over year in every price range except the entry-level market, homes priced below $500,000. With 39% fewer homes available below $500,000 compared to this time last year, predictably, demand is off by 19% year over year.

Last year at this time, there were 31 additional pending sales, totaling 2,866. The current expected market time remained the same over the past couple of weeks at 63 days, a much hotter market than last year’s 77 days. At 63 days, the market is no longer a HOT seller’s market, but a tepid seller’s market with muted appreciation.

Luxury End: Luxury demand increased by 13% in the past couple of weeks and the inventory fell by 1%.In the past two weeks, demand for homes above $1.25 million increased from 329 to 373 pending sales, a 13% rise, the highest level since mid-May. The luxury home inventory decreased from 2,089 homes to 2,065, down 1%. This surge has been isolated to homes between $1.25 million and $2 million.

For homes priced between $1.25 million and $1.5 million, the expected market time decreased from 123 to 101 days. For homes priced between $1.5 million to $2 million, the expected market time dropped from 176 to 135 days. In addition, for homes priced above $2 million, the expected market time increased from 269 days to 280 days. At 269 days, a seller would be looking at placing their home into escrow around the beginning of May of next year.

Orange County Housing Market Summary:• The active listing inventory decreased by 16 homes in the past couple of weeks, and now totals 5,967, nearly the same. The

inventory is having a real issue reaching 6,000 homes this year and may have already peaked a couple of weeks ago. Last year, there were 7,317 homes on the market, 1,350 more than today.

• There are 39% fewer homes on the market below $500,000 today compared to last year at this time and demand is down by 19%. Fewer and fewer homes and condominiums are now priced below $500,000. This price range is slowly disappearing.

• Demand, the number of pending sales over the prior month, increased by five homes in the past couple of weeks, and now totals 2,835. The average pending price is $842,718.

• The average list price for all of Orange County remained at $1.6 million. This number is high due to the mix of homes in the luxury ranges that sit on the market and do not move as quickly as the lower end.

• For homes priced below $750,000, the market is HOT with an expected market time of just 40 days. This range represents 39% of the active inventory and 62% of demand.

• For homes priced between $750,000 and $1 million, the expected market time is 59 days, a hot seller’s market (less than 60 days). This range represents 18% of the active inventory and 19% of demand.

• For homes priced between $1 million to $1.25 million, the expected market time is at 94 days, a balanced market that does not favor a buyer or seller.

• For luxury homes priced between $1.25 million and $1.5 million, the expected market time decreased from 123 to 101 days. For homes priced between $1.5 million to $2 million, the expected market time decreased from 176 to 135 days. For luxury homes priced above $2 million, the expected market time increased from 269 to 280 days.

• The luxury end, all homes above $1.25 million, accounts for 35% of the inventory and only 13% of demand.• The expected market time for all homes in Orange County remained the same over the past couple of weeks at 63 days, a tepid

seller’s market (60 to 90 days). From here, we can expect the market time to slowly rise throughout the Summer Market.• Distressed homes, both short sales and foreclosures combined, make up only 1.5% of all listings and 2% of demand. There are

only 32 foreclosures and 58 short sales available to purchase today in all of Orange County, that’s 88 total distressed homes on the active market, one more than two weeks ago. Last year there were 136 total distressed sales, 54% more than today.

• There were 3,229 closed sales in June, a 3% increase over May 2017 and a 3% increase over June 2016. The sales to list price ratio was 97.9% for all of Orange County. Foreclosures accounted for just 0.99% of all closed sales and short sales accounted for 0.87%. That means that 98% of all sales were good ol’ fashioned equity sellers.

Steve, Karen & Bryan HakolaHakola & AssociatesRegency Real Estate Brokers, Inc.If your property is currently listed, this is not intended as a solicitation.

Provided by: Orange County Housing Report

(949)-661-SOLD (7653) | Hakolas@Hakolas.com | www.Hakolas.comCalBRE# 00604415, 00610273, 01418459

Want to know the current value of your home in today’s market?Please Visit: www.checkmymarketvalue.com

Current Actives

Market Time

(In Days)2-Weeks

Ago4-Weeks

Ago 1-Year Ago2-Years

Ago

Average Active List

Price7/27/17 7/27/17 7/13/17 6/29/17 7/28/16 7/30/15 7/27/17

Aliso Viejo 77 75 31 30 33 49 47 $740kAnaheim 221 148 45 49 49 74 45 $588kAnaheim Hills 118 49 72 55 46 69 55 $1.1mBrea 75 34 66 59 54 44 78 $985kBuena Park 73 58 38 36 43 54 58 $682kCorona Del Mar 116 23 151 188 183 155 180 $3.8mCosta Mesa 157 72 65 54 69 70 68 $949kCoto De Caza 103 25 124 114 120 200 216 $2.3mCypress 59 35 51 44 39 49 50 $737kDana Point 212 53 120 115 123 90 136 $2.9mDove Canyon 24 6 120 68 58 70 93 $1.1mFoothill Ranch 17 13 39 43 16 65 37 $694kFountain Valley 37 38 29 29 32 26 43 $794kFullerton 180 123 44 43 41 57 66 $875kGarden Grove 124 92 40 47 43 51 62 $626kHuntington Beach 323 185 52 53 58 73 76 $1.2mIrvine 559 256 66 69 71 92 105 $1.5mLa Habra 71 55 39 40 28 63 41 $652kLa Palma 17 14 36 54 170 23 63 $723kLadera Ranch 121 46 79 70 53 117 147 $1.4mLaguna Beach 252 36 210 310 272 337 221 $5.4mLaguna Hills 95 36 79 52 65 83 84 $1.3mLaguna Niguel 208 114 55 72 62 84 84 $1.5mLaguna Woods 147 95 46 55 66 55 87 $339kLake Forest 95 72 40 35 33 48 76 $637kLos Alamitos 7 8 26 83 21 30 95 $941kMission Viejo 211 138 46 45 43 58 66 $805kNewport Beach 366 72 153 136 129 151 118 $3.2mNewport Coast 118 11 322 275 210 155 312 $5.9mNorth Tustin 66 24 83 84 66 101 113 $1.7mOrange 201 117 52 47 54 68 76 $886kPlacentia 59 34 52 38 33 38 43 $640kPortola Hills 14 8 53 65 28 47 53 $960kRancho Mission Viejo 17 4 128 81 67 103 * $803kRancho Santa Marg. 75 57 39 35 34 41 34 $610kRossmoor 24 10 72 48 48 * * $1.3mSan Clemente 276 77 108 93 101 123 106 $1.8mSan Juan 151 43 105 92 91 156 129 $2.0mSanta Ana 209 130 48 57 54 64 63 $598kSeal Beach 115 70 49 59 57 63 83 $537kStanton 20 17 35 23 26 48 22 $679kTalega 52 13 120 105 54 91 98 $1.3mTustin 118 63 56 51 57 66 64 $1.0mVilla Park 24 8 90 77 145 525 168 $1.8mWestminster 48 38 38 35 26 36 63 $692kYorba Linda 252 92 82 92 84 86 92 $1.4mAll of O.C. 5,967 2,835 63 63 62 77 79 $1.6mO.C. $0-$500k 830 704 35 35 32 47 50 $378kO.C. $500k-$750k 1,523 1,059 43 43 43 55 60 $636kO.C. $750k-$1m 1,079 546 59 57 59 82 93 $875kO.C. $1m-$1.25m 509 163 94 93 79 120 126 $1.1mO.C. $1.25m-$1.5m 467 139 101 123 120 120 126 $1.4mO.C. $1.5m-$2m 545 121 135 176 155 162 221 $1.8mO.C. $2m-$4m 679 90 226 217 211 289 244 $2.8mO.C. $4m+ 374 23 488 474 502 484 701 $9.1m*Data tabulated from CRMLS. This data may not reflect all real estate activity in the market. Not all cities are listed but are included in the O.C. totals.Due to Range Price listings, "All of O.C." and the total of the seven ranges do not add up and are slightly off.

Demand (Last 30

Days Pendings)

Attached HomesCurrent Actives

Market Time

(In Days)2-Weeks

Ago4-Weeks

Ago 1-Year Ago2-Years

Ago

Average Active List

Price7/27/17 7/27/17 7/13/17 6/29/17 7/28/16 7/30/15 7/27/17

All of O.C. 1,730 1,095 47 47 47 58 67 $727kO.C. $0-$250k 87 80 33 31 31 41 58 $167kO.C. $250k-$500k 643 551 35 35 33 50 53 $396kO.C. $500k-$750k 564 353 48 48 47 62 85 $613kO.C. $750k-$1m 180 71 76 82 98 74 156 $871kO.C. $1m+ 256 42 183 234 188 184 121 $1.8m

34.2%

Detached HomesCurrent Actives

Market Time

(In Days)2-Weeks

Ago4-Weeks

Ago 1-Year Ago2-Years

Ago

Average Active List

Price7/27/17 7/27/17 7/13/17 6/29/17 7/28/16 7/30/15 7/27/17

All of O.C. 4,227 1,736 73 74 71 89 87 $2.0mO.C. $0-$500k 96 71 41 36 24 39 38 $444kO.C. $500k-$750k 952 703 41 40 41 51 52 $650kO.C. $750k-$1m 1,079 475 68 54 54 83 86 $875kO.C. $1m-$1.25m 434 151 86 85 71 113 128 $1.1mO.C. $1.25m-$1.5m 405 130 93 116 115 113 128 $1.4mO.C. $1.5m-$2m 482 108 134 171 152 169 241 $1.8mO.C. $2m-$4m 625 80 234 213 221 292 256 $2.9mO.C. $4m+ 369 23 481 465 488 475 688 $9.2m

21.9%

All HomesCurrent Actives

Market Time

(In Days)2-Weeks

Ago4-Weeks

Ago 1-Year Ago2-Years

Ago

Average Active List

Price7/27/17 7/27/17 7/13/17 6/29/17 7/28/16 7/30/15 7/27/17

All of O.C. 5,967 2,835 63 63 62 77 79 $1.6mO.C. $0-$500k 830 704 35 35 32 47 50 $378kO.C. $500k-$750k 1,523 1,059 43 43 43 55 60 $636kO.C. $750k-$1m 1,079 546 59 57 59 82 93 $875kO.C. $1m-$1.25m 509 163 94 93 79 120 126 $1.1mO.C. $1.25m-$1.5m 467 139 101 123 120 120 126 $1.4mO.C. $1.5m-$2m 545 121 135 176 155 162 221 $1.8mO.C. $2m-$4m 679 90 226 217 211 289 244 $2.8mO.C. $4m+ 374 23 488 474 502 484 701 $9.1m

25.5%

*Data tabulated from CRMLS. This data may not reflect all real estate activity in the market. Not all cities are listed but are included in the O.C. totals.

Due to Range Price listings, "All Homes," "Attached" and "Detached" totals do not add up and are slightly off.

Current Actives Vacant

Current Actives Vacant

Current Actives Vacant

Demand (Last 30

Days Pendings)

Demand (Last 30

Days Pendings)

Demand (Last 30

Days Pendings)

Units Sold Jun 2017

Average Sales Price

Average List Price

Sales to List Price

RatioLow Price

High Price

Avg. Square

Feet

Avg. $ Per Square

FeetUnits Sold Jun 2016

Aliso Viejo 88 $657,603 $659,568 99.7% $300k $1.5m 1,664 $395 100Anaheim 141 $511,110 $512,617 99.7% $235k $1.3m 1,466 $349 154Anaheim Hills 73 $791,108 $796,965 99.3% $340k $2.4m 2,250 $352 55Brea 50 $753,934 $764,318 98.6% $392k $1.9m 2,032 $371 40Buena Park 52 $580,144 $575,599 100.8% $344k $1.2m 1,546 $375 58Corona Del Mar 25 $3,007,950 $3,103,432 96.9% $839k $11.6m 2,654 $1,133 28Costa Mesa 91 $853,618 $865,043 98.7% $375k $2.2m 1,763 $484 68Coto De Caza 34 $1,644,487 $1,697,112 96.9% $642k $3.9m 4,231 $389 39Cypress 55 $675,159 $672,145 100.4% $375k $1.1m 1,827 $370 57Dana Point 53 $1,286,707 $1,341,739 95.9% $310k $7.8m 2,057 $626 58Dove Canyon 13 $1,038,014 $1,062,685 97.7% $730k $1.5m 3,098 $335 7Foothill Ranch 31 $693,781 $697,497 99.5% $370k $1.1m 1,799 $386 14Fountain Valley 63 $688,907 $692,251 99.5% $300k $1.0m 1,777 $388 37Fullerton 123 $680,539 $688,640 98.8% $162k $1.9m 1,854 $367 128Garden Grove 100 $552,511 $553,946 99.7% $219k $1.5m 1,478 $374 100Huntington Beach 187 $890,271 $909,434 97.9% $148k $6.4m 1,822 $489 175Irvine 280 $922,125 $936,752 98.4% $282k $6.9m 1,978 $466 301La Habra 51 $480,669 $476,962 100.8% $250k $1.1m 1,319 $364 53La Palma 9 $726,333 $718,607 101.1% $640k $840k 1,985 $366 12Ladera Ranch 67 $826,155 $837,476 98.6% $433k $3.0m 2,373 $348 56Laguna Beach 38 $2,093,774 $2,221,326 94.3% $516k $6.6m 1,904 $1,100 32Laguna Hills 49 $2,682,500 $2,795,000 96.0% $330k $2.7m 2,219 $1,209 48Laguna Niguel 112 $874,766 $893,010 98.0% $310k $3.1m 2,131 $410 108Laguna Woods 83 $350,327 $356,095 98.4% $80k $1.3m 1,156 $303 85Lake Forest 77 $563,784 $565,052 99.8% $245k $1.3m 1,536 $367 61Los Alamitos 14 $835,846 $849,907 98.3% $420k $1.3m 2,013 $415 4Mission Viejo 151 $670,451 $675,973 99.2% $228k $1.3m 1,812 $370 154Newport Beach 89 $2,187,392 $2,329,439 93.9% $320k $12.5m 2,533 $864 78Newport Coast 19 $4,374,533 $4,828,368 90.6% $825k $24.1m 4,270 $1,024 26North Tustin 36 $1,124,809 $1,150,792 97.7% $625k $1.9m 2,805 $401 32Orange 148 $690,442 $697,426 99.0% $310k $2.4m 1,898 $364 137Placentia 57 $606,029 $607,598 99.7% $266k $1.1m 1,774 $342 61Portola Hills 10 $752,200 $735,257 102.3% $340k $1.6m 2,063 $365 7Rancho Mission Viejo 9 $716,578 $725,267 98.8% $530k $970k 1,872 $383 5Rancho Santa Marg. 61 $594,035 $597,354 99.4% $263k $1.2m 1,680 $354 93Rosmoor 15 $1,245,933 $1,265,990 98.4% $490k $2.3m 2,655 $469 8San Clemente 97 $1,022,063 $1,051,322 97.2% $280k $2.9m 2,331 $438 90San Juan 47 $1,114,379 $1,156,822 96.3% $175k $2.9m 2,924 $381 57Santa Ana 138 $486,761 $491,645 99.0% $132k $917k 1,353 $360 132Seal Beach 66 $437,527 $444,555 98.4% $125k $2.1m 1,203 $364 61Stanton 12 $422,075 $418,042 101.0% $340k $609k 1,150 $367 21Talega 15 $1,039,510 $1,062,887 97.8% $309k $1.7m 3,026 $344 27Tustin 78 $730,657 $734,216 99.5% $290k $2.2m 1,871 $391 69Villa Park 13 $1,364,846 $1,423,115 95.9% $888k $2.8m 3,633 $376 7Westminster 49 $634,715 $629,211 100.9% $285k $860k 1,766 $359 38Yorba Linda 111 900,951 $921,411 97.8% $236k $2.8m 2,392 $377 112All of O.C. 3,229 $849,616 $867,497 97.9% $80k $24.1m 1,932 $440 3,140O.C. $0-$500k 774 $379,972 $382,543 99.3% $80k $500k 1,067 $356 938O.C. $500k-$750k 1,153 $629,192 $634,127 99.2% $501k $750k 1,595 $394 1,116O.C. $750k-$1m 663 $854,572 $862,901 99.0% $750k $1.0m 2,257 $379 540O.C. $1m-$1.25m 240 $1,130,811 $1,158,910 97.6% $1.0m $1.3m 2,767 $409 188O.C. $1.25m-$1.5m 135 $1,365,525 $1,395,831 97.8% $1.3m $1.5m 3,063 $446 121O.C. $1.5m-$2m 134 $1,713,691 $1,777,755 96.4% $1.5m $2.0m 3,481 $492 112O.C. $2m-4m 101 $2,734,297 $2,838,272 96.3% $2.0m $4.0m 3,874 $706 90O.C. $4m+ 29 $6,749,379 $7,253,414 93.1% $4.2m $24.1m 4,891 $1,380 31*Data tabulated from CRMLS. This data may not reflect all real estate activity in the market. Not all cities are listed but are included in the O.C. totals.Due to Range Price listings, "All of O.C." and the total of the seven ranges do not add up and are slightly off.

Current Actives

Number of Foreclosures & Short Sale

Actives% of Active Inventory

Current Actives

Number of Foreclosures & Short Sale

Actives% of Active Inventory

7/27/17 7/27/17 7/27/17 Attached 7/27/17 7/27/17 7/27/17Aliso Viejo 77 2 2.6% All of O.C. 1,730 32 1.8%Anaheim 221 9 4.1% O.C. $0-$250k 87 1 1.1%Anaheim Hills 118 5 4.2% O.C. $250k-$500k 643 20 3.1%Brea 75 0 0.0% O.C. $500k-$750k 564 8 1.4%Buena Park 73 1 1.4% O.C. $750k-$1m 180 3 1.7%Corona Del Mar 116 0 0.0% O.C. $1m+ 256 0 0.0%Costa Mesa 157 4 2.5%Coto De Caza 103 2 1.9%Cypress 59 1 1.7% All of O.C. 4,227 56 1.3%Dana Point 212 2 0.9% O.C. $0k-$500k 96 2 2.1%Dove Canyon 24 2 8.3% O.C. $500k-$750k 952 20 2.1%Foothill Ranch 17 0 0.0% O.C. $750k-$1m 1,079 18 1.7%Fountain Valley 37 0 0.0% O.C. $1m-$1.5m 434 7 1.6%Fullerton 180 0 0.0% O.C. $1.25m-$1.5m 405 3 0.7%Garden Grove 124 3 2.4% O.C. $1.5m-$2m 482 1 0.2%Huntington Beach 323 3 0.9% O.C. $2m-$4m 625 3 0.5%Irvine 559 6 1.1% O.C. $4m+ 369 2 0.5%La Habra 71 0 0.0%La Palma 17 0 0.0%Ladera Ranch 121 3 2.5% All of O.C. 5,967 88 1.5%Laguna Beach 252 1 0.4% O.C. $0k-$500k 830 23 2.8%Laguna Hills 95 2 2.1% O.C. $500k-$750k 1,523 28 1.8%Laguna Niguel 208 4 1.9% O.C. $750k-$1m 1,079 21 1.9%Laguna Woods 147 2 1.4% O.C. $1m-$1.25m 509 7 1.4%Lake Forest 95 3 3.2% O.C. $1.25m-$1.5m 467 3 0.6%Los Alamitos 7 1 14.3% O.C. $1.5m-$2m 545 1 0.2%Mission Viejo 211 4 1.9% O.C. $2m-$4m 679 3 0.4%Newport Beach 366 0 0.0% O.C. $4m+ 374 2 0.5%Newport Coast 118 0 0.0%North Tustin 66 0 0.0%Orange 201 3 1.5% Los Alamitos 7 1 14.3%Placentia 59 1 1.7% Dove Canyon 24 2 8.3%Portola Hills 14 1 7.1% Portola Hills 14 1 7.1%Rancho Mission Viejo 17 0 0.0% Westminster 48 3 6.3%Rancho Santa Marg. 75 0 0.0% Anaheim Hills 118 5 4.2%Rossmoor 24 0 0.0% Anaheim 221 9 4.1%San Clemente 276 3 1.1% Tustin 118 4 3.4%San Juan 151 2 1.3% Lake Forest 95 3 3.2%Santa Ana 209 3 1.4% Aliso Viejo 77 2 2.6%Seal Beach 115 2 1.7% Costa Mesa 157 4 2.5%Stanton 20 0 0.0%Talega 52 0 0.0%Tustin 118 4 3.4% BreaVilla Park 24 0 0.0% Corona del MarWestminster 48 3 6.3% Foothill RanchYorba Linda 252 5 2.0% Fountain ValleyAll of O.C. 5,967 88 1.5% Fullerton

La HabraLa PalmaNewport BeachNewport Coast

Total Foreclosures 32 21 46Total Short Sale 56 36 47

North TustinRancho Mission ViejoRossmoorStantonTalegaVilla Park

*Data tabulated from CRMLS. This data may not reflect all real estate activty in the market. Not all cities are listed but are included in the O.C. totals. Due to Range Price listings, "All Homes," "Attached" and "Detached" totals do not add up and are slightly off.

Detached

All Homes

County High Shares - Account for 39%

County Low Shares - No Distressed

Orange County Distressed Breakdown

Pendings (Last 30 Days)

Market Time

(In Days)Current Actives

All Properties

Current Actives

Market Time (In Days)

2-Weeks Ago

4-Weeks Ago 1-Year Ago 2-Years Ago

7/27/17 7/27/17 7/13/17 6/29/17 7/28/16 7/30/15Los Angeles County 12,271 5,991 61 63 56 72 71Orange County 5,967 2,835 63 63 62 77 79Riverside County 7,770 2,965 79 76 74 99 105San Bernardino County 5,173 2,260 69 66 62 88 100San Diego County 6,100 3,593 51 52 49 60 64Ventura County 1,598 897 53 * * 60 54

SOCAL TOTALS 38,879 18,541 63 63 59 76 78

Distressed Properties - Foreclosures and Short SalesCurrent Actives

Market Time (In Days)

2-Weeks Ago

4-Weeks Ago 1-Year Ago 2-Years Ago

7/27/17 7/27/17 7/13/17 6/29/17 7/28/16 7/30/15Los Angeles County 249 215 35 38 35 45 47Orange County 88 57 46 52 36 42 51Riverside County 272 136 60 67 54 71 66San Bernardino County 147 97 45 41 42 55 71San Diego County 81 44 55 43 27 25 26Ventura County 30 25 36 43 27 34 30#DIV/0! #DIV/0! #DIV/0!SOCAL TOTALS 867 574 45 47 40 47 50

Demand (Last 30

Days Pendings)

Demand (Last 30

Days Pendings)