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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Cypress. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 949-463-8200.
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| Average Home Price | $425,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $200,000 - $249,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Cypress is | Increasing |
| Seller Activity for the past 90 days in Cypress is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 30-35% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | We at Arbonne Mortgage take great pride in our levels of both quality and service by offering a wide variety of loan products at the most competitive market rates. One important step in the home buying process is knowing how much you qualify for. A loan pre-qualification or pre-approval is vital to the loan process, since it allows you to obtain an estimate of your borrowing power. With a pre-approval, you won’t waste time looking at homes you can’t afford. Rather, you can focus your time and energy shopping for YOUR ideal home. If you are interested in obtaining a pre-qualification, please inquire with a representative of Arbonne Mortgage. Rates are at an all time low with the current national mortgage rate for a 30 year fixed mortgage at 4.09%! |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | The Real Estate market in Cypress, CA is comprised primarily of detached, single family homes. Homeowners can find many townhomes available for under $300,000. There are also many detached homes available for just under $425,000. For a two-story home on a larger lot, homeowners can find listings starting under $500,000. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Orange County |
| Housing Hot Spots | Most cities within the Orange County area are considered ’Housing Hotspots’. |
| Average Sold Price | $425,000 - View Graph Trend |
Cypress Local News
Do I Need To Stage My Home? - Wednesday February 24th, 2010 12:16pm
As Kelli Hart, writer for the Orange County Register states, "Staging can be a fabulous cure-all for the home that simply has no WOW factor when vacant…and in most cases vacant = uninviting! So, staging should seriously be considered when your property needs the WOW factor and you simply can't be the super couple and make that happen."
In looking through national statistics, homes that are staged (even if done so minimally, heighten the chances for a quicker sale at a higher price. To give you a few of the stats:
-Staged Homes Average Time on the Market: 15 Days
-Unstaged Homes Average Time on the Market: 35 Days
-Staged Homes List Price Compared to Sold Price: 98.9%
-Unstaged Homes List Price Compared to Sold Price: 96.2%
Staging a home through a private company can get expensive; run up to $ 3,000. Our advice to our clients- Instead of putting everything into storage while packing up the house, leave a few items behind to give potential buyers an idea of the true size and capabilities of the home by staging your own furnishings.
Contact Information
Sandra Kennedy
949-463-8200
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– Feb 11th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Sandra Kennedy
Arbonne Group, LTD.
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 949-463-8200
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