From the monthly archives:

May 2010

San Juan Capistrano Short Sale market update.

by vbindi on May 19, 2010

This report is for standard sales and short sales in San Juan Capistrano . This article is brought to by the short sale broker at Short Sales ASAP group, who are #1 in short sale property listings and closings in Orange County. Currently, there are a total of 93 detached homes listed for sale in San Juan Capistrano , California. The median price of these active homes for sale is $1,329,000 and the average price per square foot is $505 . Of this total, 9 are short sale listings active for sale. . These short sale listings represent 10% of the total inventory of detached homes for sale. The median price of these short sale properties is $829,000 and the average price per square foot is $266 .

For attached condominiums, there are 40 condo units currently listed for sale in San Juan Capistrano . The median price for these listed condominiums is $220,000 and the average price per square foot is $233 . Of this total, 18 are short sale condo listings. The median price of these short sale condos is $200,000 , and the average price per square foot is $217 . The ratio of short sale condo listings to listings is 45% .

Currently, there are 65 detached homes under contract in escrow, and the median price of these pending properties is $675,000 . Of this total pending properties, 31 are short sales, which is 48% of the total detached properties in escrow in San Juan Capistrano . The median price is $562,000 .

For condominiums, there are now 40 attached units in escrow, and the median price is $140,000 . Of this number, 30 are short sales in escrow in San Juan Capistrano . These short sale condos are 75% of the total units in escrow, and the median price is $125,000 .

In the past 90 days, there have been a total of 44 detached homes that have sold and closed escrow in San Juan Capistrano . The median price of these sold homes was $810,000 and the average price per square foot was $295 . Of this total were 8 short sale properties, which was 18% of the total sales. The median price was $589,000 , and the average price per square foot was $244 .

For attached condos, there have been a total of 54 condominium sales in the past 3 months. The median price was $150,000 , and the average price per square foot was $172 in San Juan Capistrano . In addition, there were 24 short sale condos that sold and closed escrow during this same period of time, which was 44% of the total number of units sold. The median price of the sold short sale condos was $125,000 , and the average price per square foot was $149 .

As can be seen above, the ratio of Pending in Escrow short sale listings, to Pending total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties. This illustrates that short sales fail at a high rate. Property owners who owe more than their home is worth, should seek to work with an experienced San Juan Capistrano short sale realtor. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.   For information about the new Government HAFA program for short sale, visit:  www.gotHAFA.com

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City of Orange Short Sale report.

by vbindi on May 6, 2010

This analysis is brought to you by the professionals of the ShortSalesASAP company, who specialize in short sale negotiations, marketing and sales here in Orange . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 195 detached homes listed for sale in Orange , California. The median price of these homes for sale is $579,999 and the average price per square foot is $320 . 58 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

There are now 48 condominiums listed for sale in the City of Orange . The median price for these listed condominiums is $209,000 and the average price per square foot is $249 . Of this total, 24 are short sale listings. The median price of these short sale units is $250,000 , and the average price per square foot is $226 . The ratio of short sale condo listings to the total listings is 50% .

For homes under contract, there are 175 detached homes in escrow on this date, and the median price is $489,000 . Of this total, 87 are short sales in escrow, which is 50% of the total detached properties in escrow in Orange , and the short sale median price in escrow is $440,000 .

For condominiums in escrow, there are now 71 attached units under contract, with a median price of $259,900 . Of this number, 44 are short sales, which calculates to be 62% of the total pending units, and the median price is $240,000 .

In the past 3 months, there have been a total of 158 detached homes that have sold and closed escrow in Fullerton . The median price was $505,000 and the average price per square foot was $259 . Of this total were 24 were short sale properties in the city of Orange in the past 3 months. This number of sold short sales is 15% of the total. The median price was $371,200 , and the average price per square foot was $227 .

In the past 90 days, there have been a total of 62 condo sales with a median price of $302,000 , and an average price per square foot of $222 in Orange . Also, there were 18 short sale condos sold, which was 29% of the total number of units sold in this period. The median price of the sold short sale condos was $289,000 , and the average price per square foot was $209 .

As can be seen above, the ratio of pending In Escrow short sale properties, to pending in escrow total listings is a much higher percentage, compared to the ratio of Sold short sale properties to Sold total properties.  This high rate of failure due to the lack of knowledge by the typical short sale listing agent.   This illustrates that Property owners who owe more than their home is worth, should work with an experienced City of Orange short sale company such as the ShortSalesASAP company. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Dana Point Homes and Condos market update.

by vbindi on May 4, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Dana Point . This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 170 detached single family homes for sale, with a median price of $1,200,000 and an average price per square foot of $621 . These homes are priced from a low of $381,959 for a 3 bedroom, 2 bath, 1,224 square foot home located in the subdivision called Custom . On up to a maximum price of $24,999,000 for a fine home incorporating 5 bedrooms, 8 baths, with 9,700 square feet of living area, which is located in the The Strand at Headlands Tract.

For attached condos, there are currently 76 condos active for sale in Dana Point . The median price of these condos is $515,000 and the average price per square foot is $406 . These listed condos range in price from a low of $168,900 for a unit comprising of 1 bedroom, 1 bath, 700 square foot, that is situated in the Harbor Creek Tract. Up to a maximum price of $2,650,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 3,101 square feet found in the Admiralty Subdivision.

For properties currently under contract in Dana Point there are 68 detached homes in escrow, and the median price is $895,000 . These detached homes range in price from a low of $399,900 for a 3 bedroom, 2 bath, 1,145 square foot property located in the Custom Tract. On up to a maximum price of $3,399,000 for a fine property comprising of 4 bedrooms, 4 baths, and incorporates an expansive 4,475 square feet of living area, located in the Monarch Bay Tract.

For condos, there are 50 units now in escrow in Dana Point , with a median price of $461,900 . These pending units range in price from $154,000 for a 1 bedroom, 1 bath, 700 square foot condominium, located in the Harbor Walk Subdivision. On up to a maximum price of $1,795,000 for a fine condo consisting of 3 bedrooms, and 5 baths, with 3,651 square feet, found in the Admiralty Subdivision.

In the past 90 days, there have been 42 detached homes that have sold and closed escrow in Dana Point . These sold homes had a median price of $717,500 with an average price per square foot of $423 . These closed homes range in price from a low of $355,000 for a detached home comprised of 2 bedrooms, and 1 bath, with 1,011 square feet, and is located in the Custom Subdivision. And a maximum price of $5,950,000 for an estate property comprising of 5 bedrooms, 7 baths, and a spacious 6,378 square feet located in the Niguel Shores Tract.

For the past 3 months, there have been 42 attached condominiums that have sold and closed escrow in Dana Point , California. The median price of these attached units was $415,000 and the average price per square foot was $315 . These sold condominiums ranged in price from a low of $175,000 for a 1 bedroom, 1 bath, 650 square foot unit found in the Harbor Creek condo Tract. And the maximum priced sold condo was $1,050,000 for a nice unit comprised of 4 bedrooms, 4 baths, and 3,300 square feet that is situated in the Monarch Del Mar Tract.

If you have any questions regarding real estate for sale in Dana Point , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in Dana Point .

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