December Orange County Real Estate Market On Property Up To 600k
January 29, 2011 by Ryan Davison · Leave a Comment
Housing numbers for December have just come out, lets take a look at them now.
For sale is down 5.1% sold is up 19.8% month over month. Now sold means that the property could have been in escrow for 30-90 days or longer and just so happen to sell in November. The more accurate stat to look at is Pended, because this is property that went into escrow in the month of December. Pended is up 4.4%. The median price sits at $350,000, $10,000 lower then last month, however that is the average dating back 15 months. Days on market is at 82 which is 1 days less then last month. Sellers are getting about 94% of there original list price.
Although prices are coming down just a bit, interest rates are going up slightly so it pretty much balances itself out. Also keep in mind that this is all of Orange County.
Bottom line: If you find a house that you love in a desirable area, jump on it. Especially in this price range, where your dealing with a lot of properties that either have multiple offers or cash from investors. As a buyer It can be frustrating and discouraging. Be patient, the home your looking for is out there, it just may take a little more time they you would like.
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | |||||||
| Dec. 10 | Nov. 10 | % Change | Dec. 10 | Dec. 09 | % Change | Oct. 10 to Dec. 10 | Oct. 09 to Dec. 09 | % Change | |
| For Sale | 6502 | 6855 | -5.1%  |
6502 | 3848 | 69%  |
6778 | 3896 | 74% |
| Sold | 1671 | 1395 | 19.8% |
1671 | 1709 | -2.2% |
1543 | 1776 | -13.1% |
| Pended | 1805 | 1729 | 4.4% |
1805 | 1654 | 9.1% |
1746 | 1861 | -6.2% |
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November Orange County Real Estate Market On Home Up To 600k
December 16, 2010 by Ryan Davison · Leave a Comment
Housing numbers for November have just come out, lets take a look at them now.
For sale is down 1.8% sold is down 13.4% month over month. Now sold means that the property could have been in escrow for 30-90 days or longer and just so happen to sell in November. The more accurate stat to look at is Pended, because this is property about to close this month. Pended is up 6.9%. The median price sits at $370,000, 13,000 dollars higher then last month. There is only one month where that was higher going back 15 months. Days on market is at 83 which is 4 days more then last month and the highest going back 15 months. Sellers are getting about 94% of there original list price , the same as last month.
Although the winter months are statistically bad months for real estate activity we are still seeing an up tick in the median price and pended property.
The decline in properties for sale makes sense as usually during the holidays people have family coming into town (espesially in California) and don’t want to worry about keeping the house in show condition and also the possibility needing to clear your guests out of the house should a buyer want to see it.
For sellers this might be a good time to list, as inventory will most likely be the lowest of the year and the buyers looking to buy now are going to be the serious ones.
December should be an interesting month.
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | |||||||
| Nov. 10 | Oct. 10 | % Change | Nov. 10 | Nov. 09 | % Change | Sep. 10 to Nov. 10 | Sep. 09 to Nov. 09 | % Change | |
| For Sale | 6547 | 6666 | -1.8% |
6547 | 3756 | 74.3% |
6646 | 3599 | 84.7% |
| Sold | 1312 | 1515 | -13.4% |
1312 | 1619 | -19% |
1478 | 1774 | -16.7% |
| Pended | 1959 | 1833 | 6.9% |
1959 | 1815 | 7.9% |
1841 | 2015 | -8.6% |
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July Real Estate Market On Homes From 600k To 1 Million
August 30, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County on homes from $600,000 to $1,000,000 is starting to show some signs of slowing. For sale is up 7.5% sold is down 13.3% and pended is down 5.2%. The median is $717,000, 15,000 dollars lower then last month. Average active and average sold price are also both down. Days on market is at 71 which is the average dating back 15 month. Sellers are still getting 94% of there original list price.
This is a classic example of supply and demand. And a perfect time to buy in this price range, with prices lowering and jumbo loans under 6%.
Keep in mind that this is all of Orange County some towns and neighborhoods may be showing signs of improvement. Email me if you would like to know the stats of an area you are considering moving to.
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April OC Real Estate Market On Homes From 600k To 1 Million
May 27, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County on homes from $600,000 to $1,000,000 was very strong for the month of April. As you can see by the graph below, for sale, and pended are all up month over month, however sold is down10.7%. Days on market is at 69 which is the lowest it has been dating back 15 months. The average price per Sq. Ft is $303, there is only one month when that was higher going back 15 months and that was last month, which was only $1 higher. Pended ( property that actually sold in that month) is also the highest it has been in the last 15 months. The average active price is $769,000. Sellers are getting about 95% of their original list price!
Historically low interest rates have definitely played a huge part in boosting this market. Take advantage of it!
Stay tuned for tomorrow when I will look at the over 1 million market.
| 1 month | 1 year | 15 months | |||||||
| Mar 10 | Apr 10 | % Change | Apr 09 | Apr 10 | % Change | Feb 09 | Apr 10 | % Change | |
| For Sale | 2046 | 2141 | 4.6% |
2185 | 2141 | -2% |
2454 | 2141 | -12.8% |
| Sold | 478 | 427 | -10.7% |
335 | 427 | 27.5% |
283 | 427 | 50.9% |
| Pended | 641 | 792 | 23.6% |
544 | 792 | 45.6% |
363 | 792 | 118.2% |
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April OC Real Estate Market On Homes Up To 600k
May 25, 2010 by Ryan Davison · Leave a Comment
The real estate market in Orange County for homes up to $600,000 was very strong for the month of April. As you can see by the graph below, for sale, and pended are all up month over month, however sold is down 7.4%. Days on market is at 76 which is on the high side by only a week, dating back 15 months. This is because the houses that are for sale have gone up 5.5%. The average price per Sq. Ft is $260, $3 higher then last month and the highest it has been dating back 15 months. Pended ( property that actually sold in that month) is also the highest it has been in the last 15 months. The average active price is $364 the highest it has been in the last 15 months, 2$ higher then last month. Sellers are getting about 97% of their original list price!
If you are a buyer in this price range you only have about 3% negotiation room. Also a lot of times there will be multiple offers on a house and sometimes for more then the asking price. Be patient you may have to write a couple of offers until you get what you want.
When it comes time to write the offer make sure you have everything you need to make a strong offer. Bank statements, credit score, pre-qualification or pre- approval letter, and any special requests the selling agent may have.
FYI: This is the whole Orange County area, each area is different, please contact me if you would like me to run a report on a specific area.
| 1 month | 1 year | 15 months | |||||||
| Mar 10 | Apr 10 | % Change | Apr 09 | Apr 10 | % Change | Feb 09 | Apr 10 | % Change | |
| For Sale | 4824 | 5089 | 5.5% |
5309 | 5089 | -4.1% |
7928 | 5089 | -35.8% |
| Sold | 1813 | 1678 | -7.4% |
1804 | 1678 | -7% |
1382 | 1678 | 21.4% |
| Pended | 2637 | 3113 | 18.1% |
2309 | 3113 | 34.8% |
1763 | 3113 | 76.6% |
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