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Tustin Ranch Real Estate

Tustin Homes and Condos Market Update.

by vbindi on March 13, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Tustin.  This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 59 detached single family homes for sale, with a median price of $599,000 and an average price per square foot of $348 . These homes are priced from a low of $399,900 for a 2 bedroom, 3 bath, 1,249 square foot home located in the subdivision called Tustin Grove . On up to a maximum price of $4,295,000 for a fine home incorporating 5 bedrooms, 7 baths, with 6,900 square feet of living area, which is located in the Tustin Ranch Estates Tract.

For attached condos, there are currently 30 condos active for sale in Tustin . The median price of these condos is $345,000 and the average price per square foot is $302 . These listed condos range in price from a low of $145,000 for a unit comprising of 1 bedroom, 1 bath, 696 square foot, that is situated in the Rancho San Juan Tract. Up to a maximum price of $729,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 2,420 square feet found in the Corte Villa Subdivision.

For properties currently under contract in Tustin there are 41 detached homes in escrow, and the median price is $575,000 . These detached homes range in price from a low of $249,900 for a 2 bedroom, 2 bath, 831 square foot property located in the Village Homes Tract. On up to a maximum price of $1,399,999 for a fine property comprising of 5 bedrooms, 5 baths, and incorporates an expansive 4,400 square feet of living area, located in the San Marino Tract.

For condos, there are 20 units now in escrow in Tustin , with a median price of $333,920 . These pending units range in price from $180,000 for a 2 bedroom, 2 bath, 1,005 square foot condominium, located in the Tustin Villa Subdivision. On up to a maximum price of $579,000 for a fine condo consisting of 4 bedrooms, and 4 baths, with 2,145 square feet, found in the Lindy Crossing Subdivision.

In the past 90 days, there have been 48 detached homes that have sold and closed escrow in Tustin . These sold homes had a median price of $583,000 with an average price per square foot of $321 . These closed homes range in price from a low of $233,000 for a detached home comprised of 2 bedrooms, and 2 bath, with 845 square feet, and is located in the Village Homes Subdivision. And a maximum price of $3,670,000 for an estate property comprising of 6 bedrooms, 8 baths, and a spacious 7,100 square feet located in the Tustin Ranch Estates Tract.

For the past 3 months, there have been 30 attached condominiums that have sold and closed escrow in Tustin , California. The median price of these attached units was $350,000 and the average price per square foot was $294 . These sold condominiums ranged in price from a low of $130,000 for a 1 bedroom, 1 bath, 695 square foot unit found in the Rancho San Juan condo Tract. And the maximum priced sold condo was $530,000 for a nice unit comprised of 3 bedrooms, 3 baths, and 1,689 square feet that is situated in the Camden Place Tract.

If you have any questions regarding real estate for sale in Tustin , 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 Tustin.

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Tustin Ranch Home and Condo Prices for January 2007′

by Vincent Bindi on January 21, 2007

Based upon our analysis of the local south Orange County real estate market, and our day to day work in this market, it appears that the real estate market has stabilized here in Tustin Ranch and south Orange County, CA. 

Lets look at some of the numbers for homes sold recently as compared to last year.  In the past 90 days, there have been 31 detached homes that have sold and closed escrow in Tustin Ranch, CA.  These homes range in price from a low of $570,000 for a 3 bedroom, 3 bath, 1,300 square foot house on Kearney Ct in the Travilla subdivision.  To a high price of  $2,875,000 for a 5 bedroom, 5.5 bath, 5,000 square foot estate on Amberdale Dr. in Tustin Ranch Estate.  The median sold price is $780,000 and the average price is $986,464.  The average price per square foot is $408 and the average days on market is 95 days.

During this same 90 day period last year, there were 37 detached homes that sold and closed escrow in story Ranch, CA.  These homes ranged in price from $589,000 for a 2 bedroom, 2 bath, 950 square foot single story house on Cook Ct in the Travilla tract.   On up to $3,500,000 for a 5 bedroom, 6.5 bath, 7,355 square foot estate on Portrait Way in median Ranch Estates.    The median price of these sold homes one year ago was $840,000 and the average price was $1,030,115.  The average price per square foot was $434 and the average days on market was 35 days.   Comparing these figures to the current days yields the following:   The Median price of detached homes has decreased 7% in the past year, the Average price decreased by 4% and the average price per square foot decreased by 5%.  This is a relative small correction , despite the overblown negative press about the local real estate market.   And, based upon our analysis of the months of inventory which has stabilized in the past several months, and the decreasing inventory of homes for sale, we expect the home prices to hold firm at these levels.  

Lets look at attached Condominiums.   In the past 3 months, there were 28 Condos that have sold and closed escrow in Tustin Ranch, CA.  The condominiums range in price from $320,000 for a 1 bedroom, 1 bath, 600 square foot unit.   Up to a maximum of $800,000 for a 2 bedroom, 2 bath, 1,850 square foot Townhome with  Tustin Ranch golf course view on Aquasanta street in the Corte Villa tract. The median price of these condos sold is $492,000 and the avearge sold price is $489,435. The average price per square foot is $394 and the average days on market is 72 days.

Last year during this same 3 month period there were 62 Condos that sold and closed escrow in Tustin Ranch, CA.  The median price of these 62 dols condos was $532,000 and the average sold price was $528,561.  The average price per square foot was $431 and the average days on market was 44 days.   The median price and average price decreased by 7.5% in the past year, while the average price per square foot decreased 8.5 %.  As before, this is a mild correction to a very hot real estate market that lasts 6 years.   The 6% to 8% drop in prices has   occurred in other south Orange County cities as well.    

There are 14 detached homes currently under contract In Escrow in Tustin Ranch, Ca.  These homes range in price from $689,000 for a 3 bedroom, 2.5 bath, 1,638 square foot home on Holderman Court in the Presidio tract, on up to $3,198,000 for a 5 bedroom, 5.5 bath, 5,000 square foot estate on Horizon Way in Tustin Ranch Estates.  The average priced home in escrow is $1,069,000.   For attached condos, there are 17 condominiums currently In Escrow.  These condos range in price from $279,900 for a 1 bedroom, 1 bath, 575 square foot studio unit on Keller Dr. in the Mandevilla tract, on up to $675,900 for a 2 bedroom, 2.5 bath, 1,875 square foot condominium on Tequestra St. in the Corte Villa subdivision. The average price of these condos in escrow is $531,500. 

Currently there are 45 detached homes active for sale in Tustin Ranch.  These homes range in price from $599,900 for a single level 3 bedroom, 2 bath, 1,100 square foot home on Kearney Dr. in the Travilla tract.  On up to  $2,850,000 for a 5 bedroom, 5.5 bath, 5,400 square foot estate on Padias Ln in Tustin Ranch Estates. The median price of the 45 homes is  $975,000 and the average asking price is $1,140,293.  The average price per square foot is $420 and the average days on marekt is 86 days.

Finally, there are 49 attached condos and townhomes currently active for sale in Tustin Ranch, CA.  The condos range in price from $299,999 for a 1 bedroom, 1 bath, 577 square foot unit on Champion Way in the Rancho Veracruz subdivision. To a high of $890,000 for a 4 bedroom, 3 bath, 2,650 square foot condo on Tequestra street in the Corte Villa tract.  The median price is $518,000 and the average price is $526,346.  The average price per square foot is $424 and the average days on market is 66 days.

The real estate market in Tustin Ranch has cooled off substantially from a year ago, but we see several signs that a bottom has been reached at this time.  If you would like view all homes or condos listed for sale, please visit our website at:  Tustin Ranch Real Estate.

Venturanza Condos for Sale, Tustin Ranch

by Vincent Bindi on November 18, 2005

The beautiful Condominium community of Venturanza Del Verde in Tustin Ranch was built by RGC Development Company starting in 1991.  Many of the units boast of sweeping views of the adjacent Tustin Ranch Golf Course. 

Currently there is only one Condo for sale in Venturanza for $699,900 for a 3 bedroom. 2.5 bath, 1,865 SqFt end unit with 2 car garage.  There 9 condos pending in escrow with a minimum asking price of $539,900 to a maximum price of $679,900

In the past 30 days, there have been two homes that have closed escrow in Venturanza Del Verde.  One Condominium on Ballesteros sold for $675,000 and was Plan 5 (below) for a 3 bedroom, 2.5 bath, 1865 SqFt and the other condo sold was on Player Ln, and sold for     was the same floor as above.

The Mediterranean styled condos of Venturanza incorporate a total of 258 Condos comprising of 5 spacious floor plans, as listed below:

  • Plan 1- Twilight Star: 2 Bdrms, 2.5 Baths, 1,116 SqFt.
  • Plan 2- Morning Mist: 2 Bdrms, 2.5 Baths, 1,198 SqFt.
  • Plan 3- Summer Rain: 2 Bdrms, 2.5 Baths, 1,370 SqFt.
  • Plan 4- Winter Moon: 3 Bdrms, 2.5 Baths, 1,681 SqFt.
  • Plan 5- Evening Sun: 3 Bdrms, 2.5 Baths, 1,865 SqFt.

The typical Condo home at Venturanza in Tustin Ranch include:  2 Car attached garage, Vaulted ceilings, fireplace, media niches, view balconies, rounded corners and fine flooring.

The Beautiful Venturanza association includes sparking spa and soothing spa and .  Dues are $224 per month.  This fine community is located in the Tustin Unified School District.  Venturanza is serviced by the Tustin Ranch elementary school, the Pioneer middle school and Beckman High School.  Venturanza is located in central Tustin Ranch and is adjacent to the Tustin Ranch Golf Course and bordered Jamboree and Robinson Dr.

Although the real estate market in Tustin Ranch has cooled down somewhat from the peak in spring of this year, the local market is still good.  Currently there are 175 houses and condos Active for sale in Tustin Ranch and 107 houses and condos are Pending in escrow, which is a healthy ratio and translates into an approximate 2.5 Months on Inventory. 

If you would like to view all Houses and Condos for Sale in Tustin Ranch, visit our website at:  Tustin Ranch Real Estate.