Ladera Ranch Market Update
Summer is in full swing as we enter the last part of July. In Ladera Ranch there are now 138 homes for sale, up from 128 homes a month ago. 93 of the homes for sale are single family residences, 35 are condominiums, and 10 are townhomes. Out of the 138 homes for sale 133 of them are standard sale or equity sales, 2 homes are up for auction, there are 2 short sales, and 1 bank owned home. Around 65.2% 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 have recently dropped to a 2 year low! The average rate for a 30-year fixed mortgage around 4%. The FED announced it won't be raising rates anymore this year.
The average price of a home for sale in Ladera Ranch has decreased to $1,280,662. The average price in down from last month since more condos and townhomes are now for sale. The average days a home is on the market in Ladera Ranch has decreased from 83 days on the market to now be 69 days. Home inventory has remained about the same as we've entered the last few months of whats usually the busy season of real estate. The inventory remains relatively the same 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.