Friday sales report

We're going to survey some recently closed South OC real estate transactions today. Let's get to it:

25172 Fairgreen, Mission Viejo, 92692
Sales price: $607,000
Last asking price: $599,000
Sold date: 1/20/09
Size: 4 beds, 3 baths, 2,154 sq ft
Previous sales price: $535,700
Previous sales date: 10/14/08
Comment: Here's one of those trendy foreclosures that sold for above the bank's asking price.

23032 Lotus Lane, Lake Forest, 92630
Sales price: $417,500
Last asking price: $449,900
Sold date: 1/16/09
Size: 4 beds, 2 baths, 1,501 sq ft
Previous sales price: $650,000
Previous sales date: 10/13/05
Comment: This appears to be one of those also-trendy short sales. The difference here from most is the property made it to closing.

41 Allyssum, RSM, 92688
Sales price: $400,000
Last asking price: $389,900
Sold date: 1/09/09
Size: 4 beds, 3 baths, 1,706 sq ft
Previous sales price: $134,518
Previous sales date: 11/19/08
Comment: Looks like another foreclosure has found new owners. Wonder what it sold for previously? We're guessing that if it changed hands any time near the bubble, it hasn't appreciated recently.

518 Flora, Laguna Beach, 92651
Sales price: $845,625
Last asking price: $ 974,900
Sold date: 1/20/09
Size: 2 beds, 2 baths, 1,000 sq ft
Comment: The power of Laguna Beach real estate lives: $846 per square foot!


109 Endless Vista, Aliso Viejo, 92656
Sales price: $855,000
Last asking price: $ 1,279,900
Sold date: 1/12/09
Size: 5 beds, 5 baths, 3,500 sq ft
Previous sales price: $538,500
Previous sales date: 12/27/00
Comment: Comp killer. The same model on the same street sold for $1.2 million in 2005. The sales price on the subject property was $424,900 below the last asking price.