The real estate market in south Orange County has slowed down considerably in the past 12 months, including Ladera Ranch, CA. Home and Condos are still selling here, but they have to be priced at just below "Market Value" in order to sell. Below is the current snap shot of Condo and detached Home prices for Ladera Ranch.
Currently there are 153 attached condos fro sale ranging in price from a low of $394,900 for a 1 bedroom. 1.5 bath, 2 car garage on Sansovino street in the Sansovino tract. The highest priced condo for sale is $869,900 for a 3 bedroom, 2.5 bath, 2 car garage on Salvatore street in the Castellina subdivision. The median priced Condominium is $545,000 and the average asking price for Condos in Ladera Ranch is $553,537.
On this day there are 14 attached condominiums that are under contract In Escrow in Ladera Ranch. They range in price from $449,000 for a 2 bedroom, 2.5 bath, 2 car garage on Valmont street in the Valmont tract, on up to $659,000 for a 3 bedroom, 2.5 bath, 2,105 square foot townhome on Azara street in the Branches subdivision. The median priced condo currently in escrow is $519,900.
For the past 90 days, there were 53 condos and townhomes that have sold and closed escrow in Ladera Ranch. These range in price from a low of $379,900 for a 1 bedroom, 1.5 bath, 1,000 square foot condo on Sansovino street in the Sansovino subdivision. On up to $830,000 for a 4 bedroom, 3 bath, 2,581 square foot townhome on Salvatore street in the Castellina subdivision. The Median priced condo that sold was $497,500 and the average price was $515,245. The average days on market was 61 days, and the average price per square foot was $342/SqFt. Compared to the same 90 day period one year ago (2006'), we had a total 57 condos that sold and closed escrow. These condos ranged in price from $405,000 on up to $685,000. The median price was $520,000 and the average price was $535,310. The average days on market was 51 days and the average price per square foot was $363/SqFt.
For detached single family homes (SFR's), there are currently 264 homes listed for sale, and they range in price from $586,000 for a 3 bedroom, 2.5 bath, 1,397 square foot 2 story, Bank Short Sale home on Ash Hollow Trail in the Trails subdivision. The highest asking price is $5,795,000 for a 4 bedroom, 5.5 bath, 7,269 square foot estate on San Jose street located in Covenant Hills. The median priced home for sale currently in Ladera Ranch is $979,000 for a 5 bedroom, 3 bath, 2,800 square foot 2 story home.
Today, there are a total of 40 detached homes in Ladera Ranch that are sold under contract in escrow. These homes range in price from $599,000 for a 3 bedroom, 2,5 bath, 2,000 square foot home on Rinehart road in the Tarleton tract. And the highest asking price in escrow is $1,775,000 for a 6 bedroom, 4.5 bath, 3,900 square foot estate on Fayette circle in the Bellataire subdivision. The median price of these 40 homes is $1,049,000.
For the past 3 months, there have been 73 homes that have sold and closed escrow. These detached homes range in price from $578,000 for a 3 bedroom, 2.5 bath, 1,550 square foot home in Snapdragon street, in the Savannah tract. Up to $2,400,000 for a 5 bedroom, 5.5 bath, 5,411 square foot home on Kent court in the Alisal subdivision. The median priced home sold is $837,950 and the average price of these sold homes is $950,166. The average days on market is 75 days, and the average price per square foot is $354/SqFt. For the same 90 day time period one year ago (2006'), there were 92 homes that sold and closed in Ladera Ranch. These homes ranged in price from $605,000 up to $4,000,000. The median priced home was $860,000 and the average home price was $1,022,347. The average days on market was 58 days, and the average price per square foot was $392.
As a result of the slow market conditions, the current prices of homes and condos are down about 5% to 10% as compared to last year at this time. It is a Buyers market today, and a good time to buy at these prices and continued low interest rates. If you would like to see any condo or detached home listed for sale, please feel free to contact us at: 949-388-3396, or drop us an email at: Info@SearchOCHomes.com View all homes and condos for sale at: Ladera Ranch MLS home search.
