Mortgage Insider Blog, here are the top 6 areas with the highest percentage of distressed sales relative to total properties on the market: RSM, Anaheim, Portola Hills, Santa Ana, La Habra, Aliso Viejo.What does it mean? It means there are demand for lower-priced properties and houses to rent in redditch and in these areas because there are some there. It also means there are many more borrowers in trouble in these areas who may or may not be able to keep their homes. If not, then we wouldn’t be surprised if there were enough buyers lining up to absorb the properties (read: first-time buyers and investors leading the charge to purchase livable properties at a discount relative to bubble prices) and push them through the system. 2 comments Friday, November 27, 2009 Turkey hangover Here’s to hoping you had a great Thanksgiving. As we do on many Fridays, we’re going to review some of the South OC properties that have recently sold have used sell my house redditch .922 Santa Ana St, Laguna Beach 92651Sales price: $850,000Sales date: 11-23-2009Previous sales price: $1,365,000 Previous sales date: 3-14-2006Change (+/-): -$615,000Size: 3 beds / 3 baths / 2,000 sq ftListing description snippet: “Sunset catalina island ocean view! Gorgeous and spacious custom remodel! 2000 sq ft with 3 seperate bedrooms with 3 full remodeled baths! Travertine bath with soaking tub in master suite! Gourmet kitchen with island, granite counters, stainless steel appliances, wine refrigerator and more!”27191 Calle Caballero, SJC 92675Sales price: $345,000Sales date: 11-20-2009Previous sales price: $315,000Previous sales date: 9-26-2003Change (+/-): +$30,000Size: 2 beds / 2 baths / 1,303 sq ftListing description snippet: “Wow _ you should see her now! Brand new flooring, new entry, notice the gorgeous front door, this has been so beautifully remodeled and your buyer will be delighted. Major remodel done a few years ago including granite counters, stainless steel appliances, oak cabinets, smooth ceilings and baths with tile and upgraded fixtures. New front door…”8 La Salle, Ladera Ranch 92694Sales price: $618,000 Sales date: 11-25-2009Previous sales price: $503,000Previous sales date: 5-14-2003Change (+/-): +$115,000Size: 4 beds / 3 baths / 2,300 sq ftListing description snippet: “Great, Quite Cul De Sac Location, no one behind. Walk to award winning schools, recreation, pools, clubhouse,tennis, walking trails. Mountain views from the back yard and master suite. Terrific floor plan. Large family room open to light and airy kitchen. Large living and dinning room. Pride of ownership shows with the recent remodel of wood floors and granite.” 1 comments Labels: recent sales, South OC Thursday, November 26, 2009 Happy Thanksgiving To everyone…have a great Thanksgiving holiday with your family and friends! We’ll be back tomorrow with a new post. 0 comments Tuesday, November 24, 2009 2002 rollback in San Juan It’s Thanksgiving week, so you might expect us to be all cliche and post about things we’re thankful for. We just … might … do it.We will do it. Phhhbt!Here’s to being thankful that insane bubble prices of yesteryear are being “corrected” by the market today…29562 Westmont Ct, San Juan Capistrano, 92675Asking price: $249,900 Bank price: $453,452Back to bank date: 6/24/09 Beds: 2 Baths: 2 Sq. Ft.: 1,316 $/Sq. Ft.: $190 Lot Size: 1,968 Sq. Ft. Property Type:Residential, Condominium Style:Two Level, Other Year Built: 1974 Community: San Juan North County: Orange MLS#: S595063 Source: SoCalMLS Status: Active This listing is for sale and the sellers are accepting offers. On Redfin: 18 days From listing: N/ANo real listing description and no additional pictures. Is there anything to know about this property beyond the physical basic features of the property and the bank’s asking price?As you can see, the bank took this property back a few months ago. Now, it’s been listed at a price that is below the 2002 price of $289,500. Seven years of bubble appreciation is gone, and now it’s time for this property to be flushed out of the system and picked up by the highest bidder.Welcome to the reality of the market in 2009…be thankful it’s no longer the 2005 real estate market if you’re a buyer! 1 comments Saturday, November 21, 2009 Weekend closed sales report Here’s another look at a handful of South OC properties that have changed hands recently.