Ladera Ranch Real Estate Market Update 8/1/17
Posted by Scott Admin Bingham on Tuesday, August 1st, 2017 at 12:35pm.
In Ladera Ranch there are 121 homes for sale right now up again from 109 homes two months ago. 89 of the homes for sale are single family residences, 16 are condominiums, 15 are townhomes, and there is 1 commercial/residential mixed used property. Out of the 121 homes for sale 119 of them are standard sale or equity sales, there are no short sales, and 2 bank owned homes. The home inventory has again increased slightly in the last couple months and is getting closer to average. Around 70% of the homes for sale in Ladera Ranch are listed for $700,000 and above right now. Most real estate agents and market researchers were estimating price increases of 2-4% in 2017. That has been proven too conservative of an estimate as most homes in Orange County have increased 5-6% this year. Home loan rates have again decreased slightly in the last month. The average rate for a 30-year fixed mortgage has decreased to 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 $1,379,155. The average days a home is on the market in Ladera Ranch has decreased from 68 days of inventory to now be 57 days. The home inventory has increased to around 2.70 months of home supply as the current buying pace. The inventory has increased again a little and I expect it to continue that trend leading into the last summer months. The average sold price verse the average list price decreased slightly to be 98.44%. Even with the slight decrease in sold verse list prices there is still plenty of buyer competition for homes; especially in the $750,000 range and below. The inventory of homes for sale is still lower than average but not as bad as in the first half of the year.
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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