Orange County

[BobPhillips-RE]

"Another one back to the bank at $214 psf."

Apparently prices in Coto have started going up again.

[BobPhillips-RE]

Here's a recent Coto sale, at $248.28 per square foot, purchased for CASH!

http://www.redfin.com/CA/Coto-De-Caza/20-Constellation-Way-92679/home/5013653

Not a gigantic price, by any stretch, but it helps to demonstrate that "equity" listings/sales tend to go for higher prices, than the cherry-picked low-ball examples posted by SOME other posters - who have a notoriously negative agenda.

[cdcrezz]

Another Coto home foreclosed on.

[BobPhillips-RE]

AND, another closed escrow.

http://www.redfin.com/CA/Coto-De-Caza/9-Harvard-Ct-92679/home/5021025

Just closed for a price of $604,000, which works out to $321.62 per square foot, to a buyer who paid CASH.

cdcrezz, I can do this ALL DAY LONG.

For EVERY cherry-picked low ball price YOU come up with, I can post an opposite high priced sale.

You REALLY should stick to your day job, Mr. Rezz.

[BobPhillips-RE]

Now I know what that "buzz" I've been feeling has been.

http://lansner.ocregister.com/2012/03/12/coto-de-caza-biggest-jump-in-home-sale-speed/159678/?utm_so...

I have two Coto houses in escrow, myself.  It's going to be a good year, for local real estate.

[BobPhillips-RE]

So far, in March we've had 12 houses close escrow in Coto. ( Both January and February had 11 closings, each month.)

The price per sq ft has worked its way back up to $263.91, from the Winter doldrums, reported months ago.

The biggest problem we agents are facing now, is similar to most of Orange County - not enough properties to sell to the swarms of today's buyers.  

The inventory IS starting to develop, though.  Today there are 92 houses on the market, where a week ago there were only 85.

There are also 72 houses, currently in escrow, which is down one from last week, 73, which was the highest number of Coto  escrows I've seen in the past 5 or 6 years!