Blog
O.C. Economist Market Update
April 12, 2011
Gary Watts shared a review of the past year and first quarter of 2011 at the Laguna Niguel office of Prudential CA Realty today. Gary has been a local real estate pundit for decades and has a good grasp on the numbers. He said there were 30,600 recorded sales in O.C. in 2010, the third lowest since Dataquest began tracking this statistic. However, the number is actually much lower because 7,900 of those were foreclosures that did not sell on the courthouse steps, but later came on the market as REO properties, making the actual number of sales 20,700. (…)