August 12th, 2010 1:40 PM by Dave Gubler
THE LADERA RANCH REAL ESTATE MARKET CONTINUES TO BE SHORT SALE DRIVEN.
For a combination of reasons (timing of construction/purchase, regional economics and non-traditional mortgage product participation) Ladera Ranch homeowner's with negative equity are disproportionate relative to the surrounding communities (Mission Viejo, San Juan Capistrano, etc). This does present potential buyers with a great opportunity to buy in to the Ladera Ranch market and enjoy the all the amenities (which are generally superior to the surrounding communities) offered by Ladera Ranch at a fantastic price point.
Short sales homes currently in active listing status range from a 1,397 square foot 3 bed/2.5 bath home in the sought after Oak Knolls village to 8,910 square foot 5 bed/7 bath custom home in Covenant Hills.
If you are interested in purchasing a short sale then you are likely aware of the potential price benefit. Be sure that your agent is very familiar with short sales and knows how to interview and follow-up with the seller's agent in order to protect your interests and expedite the process. Contact Brian or myself if you are interested in a short sale purchase in Ladera Ranch. We have the experience and expertise required to obtain maximum benefit for our clients. 949.378.6402 or 949.292.2763
Ladera Ranch Detached Homes Short Sale Report - 8/12/2010
35 of 99 Active Listings are short sales.
8 of 18 Sales in July 2010 were short sales.
51 of 75 homes in Backup Offer Status are short sales.
10 of 23 homes in Pending Status are short sales.
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