Ladera Ranch Market Update
June is typically one of the last busiest months of the year for real estate in Orange County. Buyer demand has increased as we've entered the busy season, and more homes are coming on the market for sale. In Ladera Ranch there are now 128 homes for sale, up from 127 homes a month ago. 86 of the homes for sale are single family residences, 28 are condominiums, and 14 are townhomes. Out of the 128 homes for sale 122 of them are standard sale or equity sales, 2 homes are up for auction, 1 home is a Trust sale, there are 2 short sales, and 1 bank owned home. Around 66.4% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off this year throughout southern California. Home loan rates have continued to drop in the last couple of months as the market has slowed down. The average rate for a 30-year fixed mortgage around 4.15 - 4.30%. The FED announced it has decided against raising rates anymore this year.
The average price of a home for sale in Ladera Ranch has increased to $1,327,402. The average price in slightly up from last month with more expensive homes for sale on the market. The average days a home is on the market in Ladera Ranch has increased from 76 days of inventory to now be 83 days. Home inventory has remained about the same as we've entered the last few months of whats usually the busy season of real estate. The inventory remains relatively the same around 3.40 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.40 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 98.00%.
If you want a free property valuation 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.