Orange County Foreclosures
As of March 2010, Orange County has shown an increase in the median value of homes for 6 straight months. Foreclosure properties in Orange County have remained at a relatively consistent level since the beginning of the housing crisis, with many foreclosed properties starting in the $400,000+ price range. With predominantly suburban cities and communities such as Fullerton, Orange, Irvine, Newport Beach, and San Clemente, Orange County is the most densely populated county in California per capita and is also the most affluent. However, this rich abundance of affluence has not by any means separated Orange County foreclosure rates from the rest of California's counties and has seen some of the most drastic individual home value decreases in all of the United States. While California's current median home value is $275,000, Orange County's stand at a $417,000- leaving many foreclosed homes without prospective buyers because the prices of even the foreclosed properties are yet too high for the average potential buyer. In many of its largest city markets, Irvine foreclosures, Santa Ana foreclosures, Fullerton foreclosures, Huntington Beach foreclosures, Brea foreclosures, and Buena Park foreclosures, Orange County has markets for all prospective buyers. |
