According to the statistics provided by Equator.com to their Elite Agents as well as my research in the Multiple Listing Service, the REO Bank Repo market in Orange County California is very insignificant compared to the real estate total market in February 2017.
Here’s some of the data they have provided us:
- Incoming REOs: 7
- Active REOs: 60
- Closed REOs: 23
- Average Selling Price: $692,000
- Offers Per Property: 7
Where have all the REOs gone? Please read my article (click here) about why I believe there are not many REOs in our market.
About Aaron Zapata…
Aaron Zapata is a top-producing Real Estate Agent in Southern California and Broker-Owner of IMPACT Properties, Inc. He holds an MBA from Cal State Fullerton and a degree in Biblical and Theological Studies from BIOLA University. As a practicing Broker and Certified Residential Specialist (CRS), he has closed over $150,000,000 in sales and can identify with the current trends and difficulties agents and clients have. IMPACT Properties is recognized as a leading real estate firm in Southern California with offices in Orange and Los Angeles Counties representing both traditional sales and bank repos (REOs). If you’d like to contact Aaron or one of the IMPACT agents about selling or buying a home or improving your real estate career, you can email Aaron@ImpactProp.com or call (714) 660-2122. He’d love to hear from you.
IMPACT Properties is a premier real estate company located in Southern California with multiple offices in Orange and Los Angeles Counties. Their professional REALTORS® service home sellers and buyers with buying and selling homes, condos, land, apartments, and commercial properties all throughout the area. For more information you can visit www.ImpactProp.com.
Homes, Apartments, Light Industrial Commercial, Bank Repos, REOs, REIT Assets, and Shorts Sales