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Spring 2012 Market Update
Qualifing now for a loan, offers buyers an exceptional opportunity to buy a home in Wagon Wheel. Record-low rates and low home prices makes a home purchase a great value! Call now for more information at Harry: 949-290-5004.
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| Average Home Price | $475,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $750,000 - $799,000 |
| 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 Wagon Wheel is | Increasing |
| Seller Activity for the past 90 days in Wagon Wheel is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Location and condition make a home desirable - these homes are seeing the most multiple offers. When distressed properties are priced aggressively, they too are receiving multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 40-45% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Call T.R. Coleman for FREE rate quote and get the lowest available costs and fees for your home loan at 949-683-6072. |
| Housing Inventory | Very tight market |
| Inventory Comments | Looking for an opportunity to purchase a foreclosure or pre-forclosure home? Current inventory shows that Wagon Wheel offers a fantastic opportunity for this. If you are not familiar with this amazing area of South Orange County, call me, it would be my pleasure to aquaint you with it. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Record low interest rates and lower prices make this a perfect opportunity to purchase the perfect home that meets your needs. |
| Nearest Metro Area | Irvine |
| Housing Hot Spots | Orange County is a fantastic place to live, work and play. South Orange County is even more special. If you’re not familiar with this area, call me, I would appreciate the opportunity to show it to you. |
| Average Sold Price | $475,000 - View Graph Trend |
Wagon Wheel 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
Harry Lee
949-290-5004
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
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Request More Information Let me answer your questions! Ask Me!
Harry Lee
Park Place Estates
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 949-290-5004
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