Las Flores Real Estate Market - View Las Flores Real Estate Market Trends in California

Spring 2012 Market Update Qualifing for a loan now offers you an exceptional opportunity to buy a home in Las Flores. Low rates make a home purchase dream come true. Call now for more information at 949-290-5004 or email me harry.parkplace@gmail.com
Average Home Price	$425,000 - View Graph Trend

Average Price Compared to Last Year	Down 25-30%

Average Time on Market	90-120 days

Best Selling Price Range	$400,000 - $449,000

Worst Selling Price Range	$600,000 - $649,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Las Flores is	Increasing

Seller Activity for the past 90 days in Las Flores is?	Decreasing

Multiple Offers?	Yes

Multiple Offers Commentary	Short Sale /Pre-Foreclosures and Bankowned property are the biggest fanfare to draw as many as 5-10 buyers at one time making offers. This is causing the prices to stabalize since these property types command full price or, over asking price from the demand. The under $600K price on down, is most popular since it is easier for buyers to qualify for non-Jumbo loans in this price ranges, so very popular inventory in most pockets of areas right now in these price ranges.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	45-50%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	As a leading real estate brokerage, we understand what it takes for our clients to get into the homes that truly meet their needs. This includes advising our buyers get full loan approval in place before starting to look at homes. Timing is everything in real estate and if you wait to get approval after finding the home, by the time you get all your paperwork in place to a lender, the home could be gone - in escrow with another buyer by that time. It is a heartbreaking situation to have that happen. Currently, it takes more to obtain a loan, even for a borrower that has the best credit and funds for a down payment. We have very competitive recommendations for your lending needs. We chose lenders that shop all loan products to find the best rate and terms, focusing on your needs. Please contact me to discuss.

Housing Inventory	Very tight market

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Las Flores offers a beautiful environment and fantastic pricing for many home buyers. Prices are very attractive and record-low interest rates make this a perfect opportunity for many looking to purchase a new home.

Nearest Metro Area	Irvine

Housing Hot Spots	Orange County is a wonderful place to call home! South Orange County is even more special! Las Flores and Wagon Wheel are very desirable due to the close proximity to Dana Point Harbor, Beaches and great schools. Many bike trails and golf courses. Activities galore! Call 949-290-5004 or email me harry.parkplace@gmail.com if you would like a custom search set up.

Average Sold Price	$425,000 - View Graph Trend

Las Flores 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.

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