The real estate market has cooled slightly as we've entered the summer months. In Ladera Ranch there are 106 homes for sale right now up from 92 homes two months ago. 73 of the homes for sale are single family residences, 24 are condominiums, and 9 are townhomes. Out of the 73 homes for sale 71 of them are standard sale or equity sales, there is 1 short sale and no bank owned homes. The home inventory has remained low for the last year but has continues to increase as we've gone into summer. Over 70% of the homes for sale in Ladera Ranch are listed for over $700,000 right now. Analysts are predicting home price to continue to rise throughout the year for southern California. Increase in home prices are attributed to the low inventory. Home loan rates remain relatively low with the average rate for a 30-year fixed mortgage around 4.750 - 4.80%.
The average price of a home for sale in Ladera Ranch is now $1,333,051. The average days a home is on the market in Ladera Ranch has increased from 67 days of inventory to now be 71 days. The home inventory has increased as we enter the Summer market which is typically slower than Spring. The inventory has slightly increased to around 2.6 months of home supply as the current buying pace. An inventory of 3-4 months of supply is considered the average, so at only 2.6 months of supply we are still in a sellers market. The average sold price verse the average list price remained relatively the same around 98.62%. I'd recommend being pre-approved for a home loan before looking at any homes in person.
If you want a free broker price opinion 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.