Ladera Ranch Market Update
April is statistically one of the busiest months for home sales in Ladera Ranch. Buyer demand has increased as we've entered the busy season, and more homes are coming on the market for sale. In Ladera Ranch there are now 111 homes for sale, up from 83 homes a month ago. 67 of the homes for sale are single family residences, 34 are condominiums, and 10 are townhomes. Out of the 111 homes for sale 100 of them are standard sale or equity sales, 1 home is an auction, there are no short sales, and no bank owned homes. Around 62% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are expecting home price to level off this year throughout southern California. Home loan rates recently droped to a 12 month low. The average rate for a 30-year fixed mortgage around 4.85 - 5.00%. The FED recently announced it has changed it's mind and has said it doesn't plan anymore rate increases this year.
The average price of a home for sale in Ladera Ranch is slightly down at $1,243,306. The average price in down from last month due to there being more condos/townhomes on the market. The average days a home is on the market in Ladera Ranch has decreased from 99 days of inventory to now be 78 days. Home inventory has increased as we've endered the busy season of real estate. The inventory has increased to around 3.25 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.25 months of supply it's a healthy market and not favoring sellers or buyers. The average sold price verse the average list price remained relatively the same around 97.85%.
If you want a free property valuation of what your home could sell for or interested in looking at the homes currently for sale give me a call 949-412-3515 Scott Bingham.