Home Living Report – Fullerton, CA Real Estate News by Diego Loya
The Fullerton Real Estate market in 2013 had some big gains. Homes increased to it’s highest levels since 2007. The same trend will continue into 2014. As long as the hunger from buyers to buy up homes stays strong, home sellers will reap the benefits of a strong market and growing real estate prices.
In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and segment, but the proverbial glass appeared to be more than half full throughout the year.
- New Listings were down 36.6 percent for single family homes and up 68.8 percent for condos and townhome properties.
- Pending Sales decreased 27.5 percent for single family homes but up a big 82.4 percent for townhouse-condo properties.
- The Median Sales Price was up 15.8 percent to $599,990 for single family homes and 19.5 percent to $299,900 for condos and townhome properties.
- Months Supply of Inventory decreased 28 percent for single-family homes and up 25 percent for townhouse-condo units.
Housing is fortified by confident consumers and good jobs. The year 2013 was marked by a slowly improving labor market stunted by political gridlock, and the Federal Reserve’s long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It’s no wonder that buyers were active in 2013. Here’s to more of the same in 2014.
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*Data from PWR and includes Orange County and some surrounding areas.
Current Fullerton Homes For Sale
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