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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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Brea California Market Update – Active Pending and Sold – Days on Market

April 30th, 2008 • Related • Filed Under

Brea has seen an interesting year so far with inventory and prices.

The year started off with a lot of inventory and very soft prices.

Over the last couple months buyers were frenzied by the drop in prices combined with low interest rates. A lot of the good inventory which was priced correctly was sold – leaving us with undesirable homes and overpriced homes.

Here is a chart of the raw data. It is my prediction we will see an increase in inventory as the year continues coinciding with softer prices.

I am sure if you have been reading my blogs you will see a correlation between all North Orange County cities and they data trend. We have experienced the same indicators and will most likely have similar trends throughout the year.

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Adam Brett
RE/MAX NOC
Fullerton, CA
714-496-8116
www.AdamsMLS.com

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