Sunday, May 20, 2007

OC Inventory Passes 18,000!

ZipRealty shows that there are more than 18,000 units for sale in OC.

We all have already heard that cities like Anaheim, Santa Ana and Irvine has more than 1,000 units for sale, but did you realize that there are other OC cities getting ready to join the 1,000 Club?

Leading the pack are Mission Viejo at 993 units and Huntington Beach at 930 units; that these cities will pass 1,000 units for sale this year, is a foregone conclusion.

At over 650 units for sale each, I would say that Garden Grove (732), Fullerton (681), Orange (753) and San Clemente (692) have a better than even money chance of passing 1,000 units this summer.

20,000+ units and unrestrained seller panic, here we come!


oc_fliptrack said...

Did anyone ever figure out the inventory peak during the last RE cycle? It's the one stat that Lansner and his DQ buddies never gave us...

HB Bear said...

Yeah, I'd really like to know myself. Wonder how we could get that data.

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