Ladera Ranch Real Estate Market Update 6/7/17
Posted by Scott Admin Bingham on Wednesday, June 7th, 2017 at 12:47pm.
In Ladera Ranch there are 109 homes for sale right now up a little from 95 homes two months ago. 80 of the homes for sale are single family residences, 14 are condominiums, and 14 are townhomes. Out of the 109 homes for sale 106 of them are standard sale or equity sales, there is 1 short sale, 1 auction sale, and 1 bank owned home. The home inventory has continued to increase in the last few months and is getting closer to average. Around 72% of the homes for sale in Ladera Ranch are listed for $700,000 and above right now. Most real estate agents and market researchers are estimating price increases of 2-4% in 2017. Home loan rates have decreased slightly in the last month. The average rate for a 30-year fixed mortgage has increased to around 4.00 - 4.10% which is an excellent rate!
The average price of a home for sale in Ladera Ranch is now $1,292,736. The average days a home is on the market in Ladera Ranch has increased with the added inventory to 68 days. The home inventory has increased to around 2.20 months of home supply as the current buying pace. Just as I expected the inventory has increased a little but it should continue that trend leading into the summer months. The average sold price verse the average list price increased again to be 99.16%. This increase can be attributed to the competition between buyers pushing each other closer to asking prices. The inventory of homes for sale is still low but not as bad as in previous months this year. In the lower price ranges ($700,000 and below) there will still be more competition with buyers vying for less expensive homes.
If you want a free broker price opinion of what your home could sell for give me a call 949-412-3515 Scott Bingham.
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