This year there have been 60 home sales in the gated community of Covenant Hills in Ladera Ranch. This many home sales is a great indicator that the Luxury home market in Orange County is alive and well. The cheapest single family home sold this year in Covenant Hills was $1,025,000. The most expensive home sale this year in Covenant Hills was a brand new 9,800 square foot home located at 23 Columnar Street. The home was on the market for over a year and it ended up selling for $4,900,000. At that price this was the most expensive home in Ladera Ranch EVER. The previous most expensive sale in Ladera Ranch was in 2006 for $4,700,000. About half of the homes sold this year in Covenant Hills sold in the $1.1M - 1.5M price ranges. About a third of the homes sold in Covenant Hills were in the $1.5M - 2M price range. There were only 9 sales above the $2M price range in Covenant Hills. Most of those homes are larger custom estates with newer construction from 2010 to end of 2015. The average days on market for the Covenant Hills gated community was 115. It still takes about two to three times longer to sell a home that's prices over $1M in Ladera Ranch.
Are you thinking about buying or selling a home in the Covenant Hills community? Give us a call today to see what's currently for sale or for a free home valuation 949-412-3515.