|
Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Foothill Ranch. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 949-632-9058! We look forward to working hard for you!
|
|
| Average Home Price | $450,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $550,000 - $599,000 |
| Worst Selling Price Range | $900,000 - $949,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Foothill Ranch is | Increasing |
| Seller Activity for the past 90 days in Foothill Ranch is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | When priced below $265.00 a sqft the homes are attracting multiple offers. Also if the home is under 450K, there are a lot of competitive loans, there for a lot of hungry buyers! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | There are incredible loans out there especially when financing a loan under 726K, and even more so for loans under 426K. |
| Housing Inventory | Limited Supply |
| Inventory Comments | We are slowly coming out of a strong buyers market, homes are being priced to sell, and the loans/rates are making it easy to buy. Currently out of 33 properties active 9 are short sales, & 9 are bank owned (REO). The short sales will stay on the market much longer than REO’s & or equity seller’s. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Orange County |
| Housing Hot Spots | Most cities within the Orange County area are considered ’Housing Hotspots’, especially south orange county! Irvine is extremely competitive right now. Foothill Ranch is a very strong option if you are considering Irvine. |
| Average Sold Price | $450,000 - View Graph Trend |
Foothill Ranch Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Top Agent
1-888-832-2244
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
| |
Request More Information Let me answer your questions! Ask Me!
Top Agent
HouseHunt, Inc.
|
 1-888-832-2244
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Foothill Ranch Homes for Sale | Search Foothill Ranch Real Estate |
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
California Homes for Sale |
California Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved