We're now entering into the summer selling and buying season here in Ladera Ranch. So what kind of market should you be expecting? Well right now there are 138 homes for sale in all of Ladera Ranch up from 117 two months ago. 107 of the homes for sale are single family residences, 18 are condominiums, and 13 are townhomes. Out of the 138 homes for sale 131 of them are standard sale or equity sales, only 3 of them are short sales, there are 3 bank owned homes, and 2 probate homes. The home inventory has continued to increase now as we've entered the beginning of summer. The market continues to be strong and there are many seller and buyers looking to move right now while the home loan rates are relatively low. More homes are being listed right now because sellers know right now is a great time to sell while the market is hot before rates go back up. In the last 2 weeks rates have started to tick up slightly.
The average price of a home for sale in Ladera Ranch has gone up and is now $1,188,291. The average days a home is on the market in Ladera Ranch right now is 48 days, up from 45 days two months ago. There is about 2.68 months of home supply as the current buying pace which is up slightly. The average sold price verse the average list price is 98.52%. This means most homes are selling for over 98% of they're asking price in Ladera Ranch which is on par for south Orange County. So far this year there have been 213 homes sold in Ladera Ranch this year. In the last 2 months alone there were 81 sales in Ladera Ranch. As long as properties are priced appropriately they're continuing to move fast in our current market!