The graph shows the Average Price per Square Foot for both detached Homes and attached Condominiums in central and south Orange County. As can be seen, prices have been holding rather steady now since the Spring of 2009. In the past 6 months there has been a small dip of around 10% for Condos, and 8% for detached homes, and it appears that this small dip may be also showing signs of stabilization. Overall, detached homes prices have not decreased by about 30% from the peak in the summer of 2006. For Condos, prices have decreased by a total of approximately 43% since the 2006′ peak in pricing.

For more information about Orange County home and condos currently for sale, or past property sale prices, contact eVantage Real Estate at: 949-388-3396, or email at Info@eVantageRE.com, or visit our website via the Link above.

Orange County real estate prices holding steady is a post from: Orange County Real Estate Blog

The overall Months of Inventory for All Price Ranges is still rising as a steady rate, which indicates the market is slowing down. This is due to a combination of the 1t Time Homebuyer Tax Credit termination, and the dog Days of Summer slowdown… the true test will come around September or October, for in past years, this indicator would max out and then decline in those months…. if it does not Max out this time, this may signal the beginning of double dip in home prices.

All Price Ranges are beginning to slow down, with the High End (Prices above %1.1Mil) as usual, being the softest at around 11.5 Months of Inventory which is a soft Buyers market. On the other end of the spectrum at the “Less than $450,000″ price range, the months of inventory is 1.8 months, which is a brisk Sellers Market, often times results in multiple offers on well price listings… Albeit, most of these lower priced listings that sell quickly are either bank owned REO properties or short sales.

The Inventory of Active Homes for sale continues to steadily rise since the beginning of this year, while the rate of sales (Pending in Escrow), has been steadily declining since April/May of this year. Of interesting note, is the number of  Homes Pending at this time compared to last year… The national press has been making the headlines about how the number of sales (or homes Pending under contract) has dropped by 25% in July of this year, as compared to July last year. The rate of sales in south Orange County has started to decline since April, but at a much slower rate of decline compared to national reports. In July of this year, the number of homes in Escrow was 1,809, as compared to last July which had 1,736, which actually represents an increase of 4%… not a decline of 25%.

As we estimated well over a year ago, the overall dramatic decrease in the Months of Inventory put a halt to price reductions… prices have been holding steady for over a year now. If the Months of inventory keeps rising, and does not Max out in October, we may see an additional small decline in prices in the months ahead.

For more information about Orange County real estate, feel free to contact eVantage Real Estate at:  (949) 388-3396

Orange County Real Estate Market Report is a post from: Orange County Real Estate Blog

Currently, for attached condos there are 77 units active for sale in Dana Point . The median price of these condominiums is $495,000 and the average price per square foot is $407 . These Active for Sale condos range in price from a low of $179,000 for a unit comprising of 1 bedroom, 1 bath, 700 square foot, that is found in the Harbor Walk Tract. Up to a maximum price of $2,490,000 for a roomy condo consisting of 3 bedrooms, 4 baths, with 3,318 square feet found in the Sea Villas at St. Regis Subdivision.

For properties currently under contract in Dana Point there are 51 detached homes in escrow, with a median value of $649,000 . These detached homes range in price from a low of $349,000 for a 2 bedroom, 1 bath, 700 square foot property located in the Lantern Village Tract. On up to a maximum price of $5,995,000 for a fine property incorporating 4 bedrooms, 5 baths, with an expansive 5,000 square feet of living area, located in the Dana Point Harbor area.

For condos, there are 44 units now in escrow in Dana Point , with a median price of $339,900 . These pending units range in price from $159,000 for a 1 bedroom, 1 bath, 700 square foot condominium, situated in the Harbor Walk Subdivision. On up to a high price of $749,000 for a fine condo consisting of 3 bedrooms, and 3 baths, with 1,800 square feet, found in the Niguel Beach Terrace Subdivision.

In the past 3 months, there were 43 detached homes that have sold and closed escrow in Dana Point . These sold homes had a median price of $683,100 with an average price per square foot of $350 . These sold and closed homes range in price from a low of $410,000 for a detached home comprised of 2 bedrooms, and 1 bath, with 976 square feet, and is located in the California Homes Subdivision. And a maximum price of $6,200,000 for an estate property comprising of 5 bedrooms, 6 baths, and a spacious 6,100 square feet located in the Ritz Cove Tract.

For the past 90 days, there were 39 attached condominiums that have sold and closed escrow in Dana Point , California. The median price of these attached units was $434,000 and the average price per square foot was $344 . These sold condominiums ranged in price from a low of $125,000 for a 1 bedroom, 1 bath, 490 square foot unit found in the Harbor Walk condo Tract. And the maximum priced sold condo was $923,000 for a nice unit comprised of 2 bedrooms, 3 baths, and 2,000 square feet unit.

If you have any questions regarding homes or condominiums for sale in Dana Point , please feel free to contact our Dana Point realtor expert at: (949) 388-3396, or email us at: Info@eVantageRE.com .

Dana Point Homes and Condos report. is a post from: Orange County Real Estate Blog

This dramatic improvement in the local market is a result of the low inventory of homes and condos for sale, and the strong demand that has resulted from the large drop in property values, and the historically low interest rates.  The low level of Months of Inventory has put a halt to price reductions as can be seen in the graph below.  The Price per Square foot is a much more accurate indicator of relative price movements for a given area, than a calculation of Average or Median prices.   The graph below shows that prices have declined about 32% from the peak in pricing in the summer of 2006′.  Pricing has remained relatively flat for most of 2009′ at the $300 per Square Foot range for detached homes, and $275 per Square Foot for attached condos in Orange County.  For more information about property values here in Orange County, feel free to contact us at:  (949) 388-3396 or email us at:  Info@eVantageRE.com

Low Priced Homes are Red Hot in Orange County is a post from: Orange County Real Estate Blog

Due to this severe decline in prices, and historically low interest rates, well priced homes and condos are selling very rapidly in Mission Viejo.  The most accurate measure of the strength or weakness of any local real estate market is the measure of Months of Inventory.  Months of Inventory is a standardized statistic of the calculation of how many months it would require to sell the current existing inventory of homes for sale.  This is basically a calculation of the ratio of the number of homes active for sell, compared to the rate at which homes are currently selling.  The larger the inventory of homes, and the slower rate of sales produces a large calculation of Months of Inventory.  Correspondingly, and small Months of Inventory represents a strong Sellers market.

Currently the months of inventory for attahced Condos in Mission Viejo is a very low 0.6, and the months of inventory for detached homes is a low 0.9.    That is to say iw would only take 2.5 weeks to sell out the entire inventory of  condos  currently for sale, if no other condos were added on the market for sale in Mission Viejo.  Tht is a supre red hot sellers market.  And likewise for detached homes.  Traditionally, a Months of Inventory of greater than 6 months is a soft Buyers market.  A figure of 4 to 6 months is considerd a Neutral market, and 2 to 4 months is a Selelrs market.  And anything below 2 Months is a hot Sellers market.   So unlike the reports in the press of a depressed real estate market, the fact is, prices are selling fast at tody’s low prices.  For more information about Mission Viejo or Orange County real estate, please feel free to contact us at:  (949) 388-3396 or email us at:  Info@eVantageRE.com.  Also, if you would like to view all Mission Viejo Condos or single family Homes for sale online, without having to speak with a Realtor at this time,  just visit our website at:  eVantageRE.com

Mission Viejo Homes are Selling Fast is a post from: Orange County Real Estate Blog

In the past 90 days, there have been 64 detached homes that have sold in Aliso Viejo ranging in price from $370,000 for a 3 bedroom, 2 bath, 1,300 square foot home in the California Reflections tract.  And the highest priced home was sold hoe was $1,098,000 for a 5 bedroom, 5bath, 3,885 square foot estate in the Vista Vallarta tract.  Of these 64 sales, 15 sales were distressed property sales, representing 23% of the total.

For attached Condominiums, there are now 64 condos active for sale in Aliso Viejo, CA.   This properties range in price from a low of $189,000 for a 1 bedroom, 1bath, 759 square foot unit in the Canyon Villas tract, up to $599,000 for a 3 bedroom, 3 bath, 2,200 square foot townhome in the Eagle Pointe subdivision.  Of these 64 active properties, 64%, or 41 condos are currently for sale that are either Bank Owned REO or Short Sales in Aliso Viejo.

In the past 3 months, there have been 133 Condos that have sold and closed escrow in Also Viejo.  These sold condo units range in price from $149,500 for a 1 bedroom, 1 bath, 636 square foot unit in the Seagate Colony tract.  Up to $635,00 fora 3 bedroom, 4 bath, 2,635 square foot, 3 level townhome in the City Walk subdivision of Aliso Viejo.  80 of these sales, representing 60% of the total, were financially distressed sales in the past 90 days in Alio Viejo.

Also, we have just added some new and useful webpages for various subdivisions to our website.  These webpages show the Subdivision details, along with posting every property currently active for sale in the Tract, as follows:  Hillcrest Homes,  Laguna Vista, Seacrest Heights, Seascape Villas, Applause Condos and Seacove Place Condos.

Aliso Viejo Home and Condo Sales is a post from: Orange County Real Estate Blog

There are 110 detached homes located in the city of San Clemente that are pending in escrow.  The lowest priced property is valued at $382,500. It is a charming 2 bedroom, 1 bath, 1040 square foot home built in 1946.  The highest priced property currently in escrow is valued at $2,500,000. This property offers 3,200 square feet of living space, 3 bedrooms and 3 bathrooms. It is located in the guard gated community of Cyprus Shore and boasts a marvelous panoramic ocean view. The median price of homes currently under contract in escrow is $699,000 in San Clemente.

In the past 90 days, there have been 151 detached properties that have sold in San Clemente.  The lowest sales price was $360,000 for a single story 2 bedroom, 1 bathroom, 1,050 square foot home built in 1964.  The highest priced property sold was a 5 bedroom, 4 bath, 4,500 square foot estate valued at $4,700,000. This property is located in the desirable gated community of Silver Oaks and features a large, lush yard and a panoramic canyon view.  The median home sales price is $700,000 and the average sales price in the city within the past 3 months was $845,264 for the past 3 months.   The average price per square foot was $336.41/SqFt, and the average days on market was 112 days.

Click on the following hyperlink, for more information about San Clemente Real Estate, or feel free to call us at: 949-388-3396

San Clemente Home Prices is a post from: Orange County Real Estate Blog

There are 180 detached homes located in the city of Mission Viejo that are pending in escrow. The lowest priced property currently in escrow is valued at $209,900. It is a 2 bedroom, 1 bath, 1415 square foot home. The highest priced property currently in escrow is priced at $2,200,000. It is a 3,693 square foot lakefront estate on Lake Mission Viejo featuring 4 bedrooms and 4 bathrooms. This home has privacy plus as it is at the end of a cul-de-sac in the guard gated community of  Tres Vistas. The current median price for properties in escrow is $495,000.

In the past 90 days, there have been 192 detached properties that have sold and closed escrow in Mission Viejo. The lowest sales price for a detached property was $310,000 for a clean, upgraded 3 bedroom, 2 bathroom, 1,100 square foot home built in 1972, located just a short drive from the freeway and within walking distance to Colinas park. The highest priced property sold was a 4 bedroom + a loft, 4 bathroom, 3,316 square foot estate built in 1993. This home was priced at $910,000 and located on a cul de sac in the Anacapa community. This property features a rock pool and spa with a waterfall and a spectacular panoramic ocean view. The median home sales price is $510,000 and the average sales price in Mission Viejo within the past 3 months was $541,911. The average price per square foot was $275.59/SqFt. The average days on market was 66 days.

For more information about Mission Viejo Real Estate for sale, please feel free to call us at: 949-388-3396 , or email at: Info@eVantageRE.com or visit our website by clicking in the highlighted previous Link.

Mission Viejo Home Values is a post from: Orange County Real Estate Blog

Currently, there are 78 detached homes located in the city of Ladera Ranch that are pending in escrow. The lowest priced property currently in escrow is valued at $356,900. It is a very well maintained 3 bedroom, 2 1/2 bath, 1567 square foot home that features an upgraded kitchen with granite counter tops and it is well located close to freeway access, an array of shopping and entertainment.  The highest priced property currently in escrow in Ladera Ranch is listed at $2,999,000. It is a brand new 5 bedroom, 8 bathroom, 8,700 square foot custom home located in the prestigious community of Covenant Hills. This homes features include an elevator, 2000 bottle wine cellar and many high quality pgrades such as mahogany wood floors and marble based niches. The current median price for properties in escrow is $659,900.

There have been 78 detached properties that have sold in Ladera Ranch in the past 90 days. The lowest sales price for a detached property was $367,908 for a large, upgraded 3 bedroom, 3 bathroom, 1,750 square foot home built in 2004 offering beautiful new landscaping and a bonus room.  The highest priced property sold was a brand new 5 bedroom, 7 bathroom, 5,392 square foot estate located in Covenant Hills. This home was priced at $1,950,000. This property features a salt water pool and spa and a gourmet kitchen with top of the line appliances. The median home sales price is $679,900 and the average sales price in the city within the past 3 months was $699,674. The average price per square foot was $251/SqFt. The average days on market is 80 days.

For more information about Ladera Ranch Real Estate, please feel free to call us at: 949-388-3396

Ladera Ranch Home Prices is a post from: Orange County Real Estate Blog

Currently, there are 43 detached homes located in the city of Dana Point that are pending in escrow.  The lowest priced property currently in escrow is valued at $380,000. It is an inviting 3 bedroom, 1 bath, 980 square foot cottage built in 1954 with an updated interior and an attached 2 car garage.  The highest priced property currently in escrow is priced at $5,900,000. This property features over 4,600 square feet of living space, 3 bedrooms and 5 bathrooms. This home is located in the Niguel Shores community. It is an entertainers dream with awesome features that include a 1,000 bottle wine cellar and a spa with a waterfall.  The current median price for properties in escrow in Dana Point is $779,000.

In the past 90 days, there have been 78 detached properties that have sold in Dana Point.  The lowest sales price was $415,000 for a unique 3 bedroom, 3 bathroom, 2,000 square foot home built in 1963, located in Capistrano Beach with a beautiful indoor atrium and vaulted ceilings.  The highest priced property sold was a single story, 4 bedroom, 5 bath, 4,500 square foot estate priced at $3,400,000. This property is located in the Monarch Bay Terrace community. This home features dual master suites, a private saltwater pool and spa and an impressive panoramic ocean view. The median home sales price is $799,900 and the average sales price in the city within the past 3 months was $964,992. The average price per square foot was $417/SqFt. The average days on market was 99 days.

For more information about Dana Point Real Estate, please feel free to call us at: 949-388-3396

Dana Point Real Estate Prices is a post from: Orange County Real Estate Blog