We are now into the 4th quarter of 2013 and this year has seen an increase in prices in Ladera Ranch. Since the beginning of the year there have been 504 properties sold in Ladera Ranch. 416 of the sales were standard/traditional purchases and 79 of the sales were short sales and 7 were REO/bank owned.
The Ladera Ranch home inventory currently has 148 active/available properties for sale. 138 of the properties are standard sales, 8 are short sales, 2 are REO/bank owned, and there is 1 home for auction. The cheapest home on the market is listed for $314,900 and the most expensive home is listed for $3,795,000. 72 of the available homes for sale are single family residences, and 76 are condos and townhomes. Right now there are 79 properties with the status of 'back up offer' or 'pending sale'. These properties have already accepted an offer and are in escrow. In the case of short sale properties they might not be in escrow yet and they're waiting to hear back from the former lender on whether they're current offer price will work. Homes in the price range of $600,000 and below are getting lots of activity and showings because that's the price range most home buyers are in right now. Still homes from $600,000 - 800,000 get decent activity as well as many home owners are choosing right now to move up in housing. What's really remarkable is that even the luxury homes of $1,000,000 to 1,400,000 seem to be moving. The amount of re-sale purchases has gone way up this year compaired to previous years. This is further sign that our local real estate market is almost fully recovered from the 'Great Recession'.