Covenant Hills is the guard gated community of Ladera Ranch and it makes up almost 1/3rd of the homes in the city. Right now there are 50 properties for sale in Covenant Hills. 5 of the properties are condos/townhomes and the other 45 properties are single family residences. The least expensive single family home is currently listed for $1,099,900 and the most expensive home is listed for $5,199,000. 49 of the homes are standard/equity sales and 1 home in a bank owned/auction property (12 Drackert Lane). The average home list price in Covenant Hills is $2,236,687 with the average home size of 4,827 SQFT. The average days a home is on the market in Covenant Hills before opening escrow is 85 days.
So far this year there have been 35 home sales in the gated community of Covenant Hills in Ladera Ranch. The least expensive single family home sold this year in Covenant Hills was a band owned home for $1,042,500. The most expensive home sale this year in Covenant Hills was for $3,450,900 located at 1 Thomas Road. The average home sales price so far this year in Covenant Hills was $1,435,774. About half of the homes sold in Covenant Hills were in the $1.1M - 1.5M price range. So far this year there have only been 3 sales above the $2M price range in Covenant Hills. The average days on market in Covenant Hills for the first half of the year was 68 which is down from 115 days last year. The decreased days on the market for this year is an indicator that the luxury home market in Covenant Hills is alive and well.
Are you thinking about buying or selling a home in the Covenant Hills gated community? Give us a call today to learn what's for sale or for a free home valuation 949-412-3515.