Ladera Ranch Market Update
The month of May lands during the height of the real estate season for home sales in southern California. 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 127 homes for sale, up from 111 homes a month ago. 82 of the homes for sale are single family residences, 33 are condominiums, and 12 are townhomes. Out of the 127 homes for sale 122 of them are standard sale or equity sales, 2 homes are up for auction, 1 home is a Trust sale, there are no short sales, and no bank owned homes. Around 64.5% 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 dropped 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 $1,261,173. The average price in slightly down from last month with more condos/townhomes on the market. The average days a home is on the market in Ladera Ranch has decreased from 78 days of inventory to now be 76 days. Home inventory has increased as we've entered the busy season of real estate. The inventory has increased to around 3.40 months of home supply at the current buying pace. An inventory of 3-4 months of supply is considered the average, so at 3.40 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 98.00%.
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.