More Distressed Listings: Anaheim or Anaheim Hills?

Every two weeks, Orange County broker Steve Thomas publishes a report on the supply of local homes for sale. Here's what the latest report – as of September 1 – has to say about Anaheim...
-555 residences listed in brokers' MLS system with 215 new deals opening in the past 30 days.
-By Thomas's math, this community has a "market time" (months in would take to sell all inventory at current pace of new escrows) of 2.58 months vs. 2.52 months found two weeks earlier vs. 2.71 months seen a year earlier. Countywide, latest market time was 3.53 months vs. 4.05 months a year ago.
-So, homes in this community sell – in theory – in 27% less time than the countywide pace.
-Of the homes listed for sale in this community, 339 were either foreclosures being resold or short sales, where sellers owe more than the home's value. So distressed properties were 61.1% of supply of homes for sale vs. 33.8% countywide. Anaheim had the highest share of distressed propertoes for sale in the county!
-Homes for sale in Anaheim represent 5.2% of Orange County inventory – and 9.3% of all the distressed homes listed for sale in Orange County. New escrows here are 7.1% of all Orange County's new pending sales.

For Anaheim Hills …

-174 residences listed in brokers' MLS system with 57 new deals opening in the past 30 days.
-By Thomas's math, this community has a "market time" (months in would take to sell all inventory at current pace of new escrows) of 3.05 months vs. 3.30 months found two weeks earlier vs. 4.16 months seen a year earlier. Countywide, latest market time was 3.53 months vs. 4.05 months a year ago.
-Of the homes listed for sale in this community, 61 were either foreclosures being resold or short sales, where sellers owe more than the home's value. So distressed properties were 35.1% of supply of homes for sale vs. 33.8% countywide.
-Homes for sale in Anaheim Hills represent 1.6% of Orange County inventory – and 1.7% of all the distressed homes listed for sale in Orange County. New escrows here are 1.9% of all Orange County's new pending sales.

Compare these trends to countywide patterns:
-Cities with highest level of distressed properties among their listings? Anaheim was tops – 61.1% – followed by Buena Park at 58.3% of listings and Rancho Santa Marg. at 57.8% of listings.
-Fewest? Corona Del Mar was tops – 3.8% – followed by Seal Beach at 4.5% of listings and Villa Park at 6.7% of listings.