Currently there are 221 detached homes for sale in Ladera Ranch, CA. these homes range in price from $465,000 for a 3 bedroom, 2 bath, 1,812 square foot home in the Tarleton tract on Rinehart road. On up to $5,995,000 for a 5 bedroom, 7.5 bath, 8,700 square foot estate property in Covenant Hills on Bell Pasture Road. The median priced home is $989,900, and the average priced home is $1,309,576. The average days on market is 96 days and the average price per square foot is 376/SqFt.
Today, there are 24 detached single family homes that are under contract Pending in escrow. These homes range in price from $524,900 for a 3 bedroom, 2.5 bath, 1,775 square foot home on Livingston Place in the Westcott tract. The maximum home in escrow, is $3,395,000 for a 5 bedroom, 5.5 bath, 4,923 square foot estate home in Covenant Hills on Mission Ridge. The median priced home is $989,000 and the average priced home in escrow in Ladera Ranch is approximately $1,250,000. The average price per square foot is $324/SqFt and the average days on market is 80 days.
For homes that have sold and closed in the past 90 days in Ladera Ranch, there were 42 such detached homes that sold. These homes range in price from $479,900 for a 3 bedroom, 2.5 bath, 1,600 square foot on Amy Way in the ??? tract. The highest priced home sold was for $4,350,000 for a 4 bedroom, 5.5 bath, 7,820 square foot estate San Jose street in Covenant Hills. The median priced home is $824,900 and the averaged priced home is $931,606. the average price per square foot is $320/SqFt and the average days on market is 81 days.
Comparing these home Sold statistics to the same 90 day period of time last year we find the following. 1 year ago, there were 83 homes that sold and closed escrow in the same 3 month period of time. The median priced home sold 12 months ago was $835,000 and the averaged priced home was $1,037,505. The average price per square foot was $359/SqFt and the average days on market was 81 days. Below is a table of the results.
| Price | 2007′ | 2008′ | % Change |
| Median | 835,000 | 824,900 | -1.21% |
| Average | 1,037,505 | 931,606 | -10.21% |
| $/SqFt | 359 | 320 | -10.86% |
As can be seen, prices have dropped about 10% in the past year in Ladera Ranch. This presents a very good buying opportunity for interest rates are still extremely low, and some properties in Ladera Ranch that are Bank owned REO’s or pre-Foreclosures (Short Sales), can sometimes be purchased for 20% to even 30% less then what comparable homes were selling for about 2 years ago. For a list of bargain homes for sale, please visit our website at: www.OCBargainHomes.com
