Ladera Ranch Real Estate Market Update 10/6/17

Posted by Scott Admin Bingham on Friday, October 6th, 2017 at 1:00pm.

In Ladera Ranch there are 108 homes for sale right now down from 121 homes two months ago. 80 of the homes for sale are single family residences, 24 are condominiums, and 4 are townhomes. Out of the 108 homes for sale 105 of them are standard sale or equity sales, there are no short sales, and 3 bank owned homes. The home inventory has again decreased in the last couple months which is typical for this time of the year going into fall. Around 75% of the homes for sale in Ladera Ranch are listed for $700,000 and above right now. This year in Ladera Ranch home values have increased around 5-7%. Home loan rates have again decreased slightly in the last month. The average rate for a 30-year fixed mortgage has remained flat around 3.95 - 4.00% which is an incredible rate! If you've been wondering about getting a home loan ReFinance I would highly recommend you see what rates you can be quoted ASAP. You could save hundreds on your monthly mortgage payments.

The average price of a home for sale in Ladera Ranch is now $1,495,527. The average days a home is on the market in Ladera Ranch has increased from 57days of inventory to now be 76 days. The home inventory has decreased to around 2.00 months of home supply as the current buying pace. The inventory has decreased which can be expected during this time of the year when we enter fall. The average sold price verse the average list price remained the same to be around 98.8%. This is the time of year I recommend serious buyers continue to look for a home. There will be less listings on the market, but there will also be less competition with fewer buyers.

If you want a free broker price opinion of what your home could sell for or interested in looking at the homes currently for sale give me a call 949-412-3515 Scott Bingham.

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