Showing posts with label houses for sale. Show all posts
Showing posts with label houses for sale. Show all posts

Sunday, March 31, 2013

APRIL 2013 SOUTH ORANGE COUNTY REAL ESTATE

Sunset at Treasure Island/Montage
Taken by Amanda 3/28/13

 
O.C. HOME LISTINGS AND DISTRESS SALES NEAR 9-YEAR LOW...

The number of homes for sale in Orange County last week fell to their second-lowest level in numbers dating back nearly nine years. As of March 14th, 3,183 Orange County homes were listed for sale in the Realtor-run Multiple Listing Service, or MLS. The only time in the period that listings were lower was on Jan. 3, when there were 22 fewer homes for sale. A year earlier, Orange County had 7,000 homes for sale. The average in figures dating back to June 2004 is 10,000 listings.
 
Orange County had just 226 distressed property listings - foreclosures and homes selling "short" of the amount needed to pay off the mortgage. That's the lowest number in the past nine years, accounting for 7.1 percent of all listings. A year ago, the county had nearly 2,200 distressed listings, or 30.4 percent of the market. The market shed about a third of its distressed listings in the past month. The current market time needed to sell all the inventory at the current sales pace - also fell to a nine-year low: 1.11 months, or 33 days. The average is four months and 13 days.


*USNational Title 3/31/13
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MARCH STATISTICS FOR LAGUNA BEACH:
1809 active listings
67 in escrow
35 closed sales from 3/01/13 - 3/31/13

35 Sales for March 2013:
11 sales under $1 million
14 sales $1-2 million
4 sales $2-3 million
4 sales $3-4 million
1 sale $9,000,000
1 sale $11,000,000

*CRMLS 3/31/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR FEBRUARY 2012 COMPARED TO FEBRUARY 2013:
Balboa Island - 92662 - 1 - $1,600,000 - minus 11.1%
Capo Beach - 92624 - 8 - $713,000 - 14.5%
Corona del Mar - 92625 - 9 - $1,663,000 - minus 16.9%
Costa Mesa - 92626 - 29- $570,000 - minus 16.9%
Costa Mesa - 92627 - 25 - $617,000 - 24.2%
Dana Point - 92629 - 19 - $829,000 - 41.3%
Laguna Beach - 92651 - 31 - $1,160,000 - 19%
Laguna Niguel - 92677 - 55 - $660,000 - 13.7%
Newport Beach - 92660 - 24 - $943,000 - minus 22.7%
Newport Beach - 92661 - 2 - $1,413,000 - minus 58.2%
Newport Beach - 92663- 11 - $1,385,000 - 2.6%
Newport Coast - 92657 - 13 - $1,850,000 - 19.2%
San Clemente - 92672 - 20 - $540,000 - 2.9%
San Clemente - 92673 - 24 - $717,000 - 7.8%

*DataQuickNews/LATimes 3/30/13