A few days ago a new listing hit the market in Covenant Hills, Ladera Ranch. Covenant Hills is known as the luxury area of Ladera Ranch with sprawling estate style homes. Homes in this area of the city typically sell above the $1 million mark. The new listing that just hit the market at 81 Bell Pasture was listed for $3.795M. Before that property came on the market the most expensive home in Ladera Ranch is on the market for $2.850M. The last time a property sold over $3M in Ladera Ranch was last year for $3.1M. Then the last time prior to that sale was in 2010 for $3.325M. During the height of the market in Ladera Ranch there were home sales above the $4M mark in Covenant Hills Ladera Ranch. This new listing for $3.795M is further sign that the luxury market in Orange County has turned the corner and is in full recovery. This year we're expecting the luxury market is Covenant Hills to be very strong.