Fullerton Real Estate Market Update

Fullerton Market Update

Fullerton Real Estate Market UpdateBig Picture: As we step into spring, home buyers and sellers are preparing for a solid real estate market. Buyers are motivated by low interest rates and an attractive affordability while sellers are loving the increased home values and bigger pockets at the end of a sale. Sellers are definitely getting Top Dollar. Here’s how February shaped up.

The Details: 

For Fullerton Single Family Homes and Condos

New Listings were up 17.7 percent for single family homes and up 20 percent for Townhome / Condo properties. There is a great shortage of homes for sale and a great number of buyers waiting to buy a home. Even through the amount of listings is up, there is still a shortage of housing available. If you’re a homeowner thinking about selling, you may want to consider right now! You’ll definitely get top dollar. Be prepared to sell your home quickly.

Pending Sales increased 36.8 percent for single-family homes and down 15.2 percent for townhouse-condo properties. More single family homes went into escrow while less condos went into escrow.

The Median Sales Price for single family homes went up 7.1 percent to $450,000 compared to $420,000 a year before.  The median condo / townhome sales price was up 10.5 percent to $359,000. Prices will continue to rise as long as there is a strong demand for housing. There are many buyers wanting to live in the city of Fullerton.

Months Supply of Inventory decreased 66.7 percent for single-family units and 79.2 percent for townhouse-condo units. Only 120 single family homes were for sale in the city of Fullerton in February and only 25 condo / townhomes. Compared to 297 homes and 115 condos for sale in the same time last year. Months Supply of Inventory means how many months it will take to sell every home that is currently for sale in Fullerton. This is a very low number and is one of the main reasons home are starting to get up in price quickly. In a normal market, you would want to see about 3 months inventory.

A few consumers may feel less confident due to Washington’s latest self inflicted crisis. Others would advise not to read the news in the first place. The fact is, the economy continues to grow, but at a snail’s pace. Sequestration is more of a nuisance than a real threat to recovery; and there’s significant pent–up demand from renters, first-timers, parental basement dwellers and investors to counteract it.

I provided a chart and graph below with more information on the current real estate market in Fullerton.

If you are thinking of selling your property, contact me for a consultation  I will tell you how much you can sell your property for and what is the best way to market your home. 714.989.6040. diego@ehomeliving.com

Buyers, let me know if you are looking to buy in Fullerton. We have a special priority list for new homes that hit the market. 714.989.6040 diego@ehomeliving.com

Fullerton Local Market Update Feb 2013

Current Homes For Sale  in the City of Fullerton

To See Homes For Sale in Other Areas Search HERE

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Home Sales on the Rise in the City of Brea Again!

Brea Local Market Update for June 2012

The market update is for June 2012 for the city of Brea, CA. Real estate statistics are taken June 2012 and comparing them how they were at the same time last year, June 2011.

New listings fell 20.7% for the month of June. There were only 28 new listings. On the flip side pending home sales, those in escrow, rose 43.5% from 23 in 2011 to 33 this year. Plus the uptrend continued from May 2012 at 105.9%. Actual closed sales, meaning buyer actually bought and now owns the home (property) rose 26.3%.

Home sales continue to grow as was the case in May 2012. Look for home sales to continue strong through the 3rd quarter and into the 4th quarter of 2012.

Also continueing the trend of May, inventory of homes for sale in the city of Brea and the suply of homes for sale in Brea are down again.

Comparing to last year, the Brea’s inventory of homes dropped 62% to only 35. The months supply of inventory, meaning how long will it take to sell these 35 homes is 1.6 months or about 7 weeks.

In a low inventory market, the trend usually is that home prices will increase as the supply is low. As long as the demand is strong this may be the case. Home sellers in Brea received an average of an extra 4.3% profit meaning that the seller received 4.3% more that what they originally put the house up for sale for. Say you listed your home at $500,000, you’d receive an offer at $521,500. Again, not too bad.

Same as last month, going into summer, Brea home sellers should be able to get a little more for their home. Don’t think you should price your home high now. No. Be competitive and downright aggressive in your price strategy and you will see the buyer traffic increase as well as the offers and ultimately the higher final sales price.

See the chart below for more details plus Brea condo and townhome information.

[highlight]Contact us if you’d like specific information on your home or property. We’d be happy to send you the information.[/highlight]

Brea Market Update June 2012

Source: Provided by the Pacific West Association of REALTORS®

[highlight]Want to know more about the market in your neighborhood. Request a free customized Market Report and receive via email localized housing statistics that shows homes sold in your neighborhood, prices as well as how much your home could be sold for.[/highlight]

Order Now! It’s Free with No Obligation.

Neighborhood Market Data

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Welcome to the City of Brea

Whether you’re visiting Brea on business or vacation, you are bound to discover many ways to may you stay worthwhile and enjoyable. In addition to being conveniently lo-cated near some of Southern California’s most popular tourist attractions, there is plenty to do and see right here in town.

Brea is known as North Orange County’s destination for dining and shopping. The City boasts a unique array of savory cuisine—whatever your taste or budget, Brea’s distinct mix of restaurants, offers something for everyone. The Brea Mall, Brea Marketplace, Brea Gateway Center, Downtown Brea, Union Plaza and East Imperial Center are some of the major shopping areas in Brea, along with the Imperial Highway and Brea Boule-vard retail corridors and a number of smaller neighborhood shopping centers.

Make sure to take some time for entertainment during your visit to Brea. Music, movies and comedy animate Brea’s nightlife. Brea Downtown is home to 22-movie screens, the world famous Improv comedy club and a lively mix of special events, including a weekly Farmer’s Market, annual Jazz Festival and seasonal holiday activities.

Brea…the City of Art, features nationally known Arts in Public Places sculpture collec-tion, the Curtis Theatre and Brea Art Gallery. Visitors can take a walk back in time and experience Brea’s rich history by touring the Brea Museum and Heritage Center and the Olinda Oil Museum and Trail.

Enjoy the outdoors at one of Brea’s two County regional parks, or 12 community parks. Get a tee time at one of two public golf courses. Before you finalize your plans, check to see if your trip coincides with one of Brea’s popular seasonal events.

Source: City of Brea Website

Homes Currently For Sale in the City of Brea

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Brea Local Market Update for May 2012

This market update is for May 2012 for the city of Brea, CA. Real estate statistics are taken from May 2012 and comparing them how they were at the same time last year, May 2011.

New listings fell 10.7% for the month of May. There were only 25 new listings. On the flip side pending home sales, those in escrow, rise a whopping 105.9% from 17 in 2011 to 35 this year. Actual closed sales, meaning buyer actually bought and now owns the property rose 10%.

One thing to look out for in the coming months and you will see is that closed sales in the summer will rise as there is an uptick in pendings, escrows open.

Here is more interesting information. Inventory of homes for sale in Brea and the supply of homes in Brea are down, way down. Again comparing to last year, the Brea’s inventory of homes dropped 58.9% to only 37. The months supply of inventory, meaning how long will it take to sell these 37 homes is 1.7 months or about 7 weeks.

In a low inventory market, the trend usually is that home prices will increase as the supply is low. As long as the demand is strong this may be the case. Home sellers in Brea received an average of an extra 4.7% profit meaning that the seller received 4.7% more that what they originally put the house up for sale for. Say you listed your home at $500,000, you’d receive an offer at $523,500. Not too bad. 🙂

Going into summer, Brea home sellers should be able to get a little more for their home. Don’t think you should price your home high now. No. Be competitive and downright aggressive in your price strategy and you will see the buyer traffic increase as well as the offers and ultimately the higher final sales price.

See the chart below for more details plus Brea condo and townhome information.

Contact us if you’d like specific information on your home or property. We’d be happy to send you the information.

City of Brea Housing May 2012

Current as of June 5, 2012. Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size. A Research Tool
Provided by the Pacific West Association of REALTORS®

Welcome to the City of Brea

Whether you’re visiting Brea on business or vacation, you are bound to discover many ways to may you stay worthwhile and enjoyable. In addition to being conveniently lo-cated near some of Southern California’s most popular tourist attractions, there is plenty to do and see right here in town.

Brea is known as North Orange County’s destination for dining and shopping. The City boasts a unique array of savory cuisine—whatever your taste or budget, Brea’s distinct mix of restaurants, offers something for everyone. The Brea Mall, Brea Marketplace, Brea Gateway Center, Downtown Brea, Union Plaza and East Imperial Center are some of the major shopping areas in Brea, along with the Imperial Highway and Brea Boule-vard retail corridors and a number of smaller neighborhood shopping centers.

Make sure to take some time for entertainment during your visit to Brea. Music, movies and comedy animate Brea’s nightlife. Brea Downtown is home to 22-movie screens, the world famous Improv comedy club and a lively mix of special events, including a weekly Farmer’s Market, annual Jazz Festival and seasonal holiday activities.

Brea…the City of Art, features nationally known Arts in Public Places sculpture collec-tion, the Curtis Theatre and Brea Art Gallery. Visitors can take a walk back in time and experience Brea’s rich history by touring the Brea Museum and Heritage Center and the Olinda Oil Museum and Trail.

Enjoy the outdoors at one of Brea’s two County regional parks, or 12 community parks. Get a tee time at one of two public golf courses. Before you finalize your plans, check to see if your trip coincides with one of Brea’s popular seasonal events.

From the City of Brea Website

Homes Currently For Sale in the City of Brea

[idx-listings city=”Brea” minprice=”25000″ propertytypes=”515,513,516″ orderby=”DateAdded” orderdir=”DESC” count=”12″ showlargerphotos=”true”]

Diamond Bar’s Housing Market – April 2012

Diamond Bar Housing Market 2012Diamond Bar home prices. They’re everyone’s favorite indicator, and the headlines focus almost exclusively on this one metric. But prices leave much to be desired. They tell nothing about the market’s balance – whether overly saturated or in a competitive bidding environment. Historically-low mortgage rates, rising rents and strong investor activity have helped nudge certain areas and segments into stable or even seller’s market territory. Prices are already rising in some cases but it’s far from universal. At first glance, April looked pretty good but there’s more to it than that.

For Diamond Bar, New Listings were up 40 percent for single family homes and an astonishing 250 percent for condos and townhomes. But before you get too excited, Pending Sales only 6, were flat, 0.0 percent change for single-family homes and up 33.3 percent for condo and townhouse properties.

The Average Sales Price was up 46.8 percent single family homes and down a slight 9.1 percent for condos and townhouse properties. Months Supply of Inventory decreased 24.4 percent for single-family units and up 36.4 percent for townhouse-condo units. The heavy decrease in the supply of inventory of homes is a big sign that we should be or are in a sellers market as there are less houses to choose from thus increasing the demand for homes. The side effort is almost always a surge in home values but the diamond bar market has continued sideways. Up and down each month to month. Prices are up 46.8 percent. 6 new escrows were opened in April continuing the flat trend from March. This is why new pending home sales, escrows opened, a flat 0.0%. All this in Diamond Bar. With single family homes going into escrow at 6, the rest of sellers have to wait another month to try to sell their home. Compared regionally, the average price in Eastern Los Angeles County has increased 3.1 percent overall.

When monitoring residential real estate activity, it is always important to keep tabs on the overall economy and job growth. Preliminary Q1-2012 GDP growth came in at 2.2 percent, which, while disappointing to some observers and slower than Q4-2011, still signals economic expansion and not contraction. Expedited bank processing and easing lending standards are also encouraging developments.

Let’s Take Closer Look into Diamond Bar’s Housing Market for April 2012

In the month of April, Diamond Bar’s housing market.

City of Diamond Bar, Los Angeles County

Housing Market for Diamond Bar

 

Metrics from the Pacific West Association of Realtors serving Orange County / Los Angeles County

Housing market home values are for the city of Diamond Bar, CA.  Zipcodes 91765

[highlight]If you want more detailed information about your local housing market specifically your zipcode, your neighborhood, your street, your home; contact us today. We will be more that happy to get you that information. We can either email it, mail it or drop it off.[/highlight]

 

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Available Homes for Sale in the City of Diamond Bar – Current

For a detailed Search of Homes – Search Here

 

[idx-listings city=”Diamond Bar” minprice=”250000″ propertytypes=”513″ orderby=”LastUpdated” orderdir=”DESC” count=”20″ showlargerphotos=”true”]

 

Homes Sold in Brea, CA

SOLD Properties in Brea, CA

What to know what properties have sold in the city of Brea. Below is a list of the newest homes that have closed escrow. To full more details about the home, click on the address. To search for more homes that have sold or customize a search, Click here and start a custom home search. You may also search for homes that are currently for sale.

You can always reach us for any questions. We’re easy to reach. We will answer your questions with no haggle. We’re nice people who want to help others.

Contact an agent at Home Living.

Get the Complete List of Homes that have SOLD in the City of Brea.

Ever wanted to know what your neighbors home sold for? You can find it here.

Ever wanted to see what properties are selling for in Brea? Now you can.

Want to compare your home to others that have sold? Look below

Thinking of selling and want to know the price of your home? Search and contact us.

View Brea Homes SOLD