Real Estate Market Summary: December 2012

714.376.9832

Market Summary | December 2012 R E A L E S T A T ER E A L E S T A T E

Jose Bastida | Realtor [email protected]

800.955.7356

Market Summary | December 2012 R E A L E S T A T ER E A L E S T A T E

800.955.7356 | sevengables.com

market summary december 2012

Seven Gables Real Estate

Jose BastidaSeven Gables Real Estate

orange county

714.376.9832

Market Summary | December 2012 3

800.955.7356


•Comparing December year over year, pended sales are up 16.7% over a year ago, while homes available for buyers are down 61.3%

•Closings were up 14.1% over a year ago

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closed Sales (1.3 months) and Months of Inventory/Pended Sales (1.2 months)

•Compared to a year ago, the average price per square foot is up 13.9%

•The sold/list differential percentage is close to the same as one year ago. The 3% figure represents how buyers and seller are negotiating with each other as well it tells us how buyers and sellers should strategize to list their property and how to strategize writing an offer to obtain the best results.

•Overall, supply has decreased dramatically and pended sales have increased significantly. The trajectory, if the current trend continues, is that we can expect some local markets to continue to appreciate. Overall, in December there were 5,038 fewer homes available and 347 more homes sold in December 2012 as compared to December 2011.

•In Orange County, 76% of the supply of the homes available in November 2012 sold compared to 25% in 2011. During the month of December 2012, there were 3,184 homes available and 2,427 homes sold.


market summaries

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Market Summary | December 2012

Orange County 3

Tustin 92780 7

North Tustin 92705 9

Tustin Ranch 92782 11

North Santa Ana 92706 13

Santa Ana 92707 15

Anaheim Hills 92807 17

Anaheim Hills 92808 19

Villa Park 92861 21

Orange 92865 23

Orange 92866 25

Orange 92867 27

Orange 92868 29

Orange 92869 31

Irvine 33

Yorba Linda 92886 35

Yorba Linda 92887 37

Market Share Charts 39

5


tustin

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•Comparing December 2012 to December 2011, pended sales were down 2.9% over a year ago and homes available decreased by 63.3%

•Closings were down 12.8% over a year ago

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closed Sales (1 month) and Months of Inventory/Pended Sales (1 month)

•Compared to a year ago, the average price per square foot has increased from $229 to $240

•The sold/list price differential was 0%

92780


north tustin

714.376.9832


800.955.7356


92705

•Comparing December 2012 to December 2011, pended sales were up 39.1% over a year ago, while homes available were down by 41.4%

•Closings were up by 47.4% over a year ago

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings Sales (2 months) and Months of Inventory/Pended Sales (2.4 months)

•Compared to a year ago, the average price per square foot has slightly increased from $228 to $266



tustin ranch

714.376.9832


800.955.7356


92782

•Comparing December 2012 to December 2011, pended sales were up 26.1%, while homes available were down 70.3%


•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (0.7 months) and Months of Inventory/Pended Sales (0.9 months) indicating a low supply and high demand

•The average price per square foot has decreased slightly from a year ago from $266 to $335



north santa ana

714.376.9832


800.955.7356


92706



•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (0.6 months) and Months of Inventory/Pended Sales (0.7 months)

•Compared to a year ago, the average price per square foot increased from $218 to $245



santa ana

714.376.9832


800.955.7356


92707

•Comparing December 2012 to December 2011, pended sales were down 23.3%, while homes available were down 56.2%

•Closings were down by 30%

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (1.7 months) and Months of Inventory/Pended Sales (1.5 months) indicating an extremely low supply of homes in the market

•The average price per square foot has increased from $204 to $243



anaheim hills

714.376.9832


800.955.7356


92807




•The average price per square foot has increased from a year ago from $236 to $250



anaheim hills

714.376.9832


800.955.7356


92808


•Closings were up 20% over a year ago


•The average price per square foot increased from $239 to $259



villa park

714.376.9832


800.955.7356


92861

•Comparing December 2012 to December 2011, pended sales were up 400%, while homes available remained the same

•Closings were up by 9 units over the year prior, where there were 0 closings

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (2.1months) and Months of Inventory/Pended Sales (3.8 months) indicating a low supply and high demand

•The average price per square foot reached $281 in December



orange

714.376.9832


800.955.7356


92865







orange

714.376.9832


800.955.7356


92866

•Comparing December 2012 to December 2011, pended sales were down by 50%, while homes available were down 41.4%

•Closings were up 200% over a year ago


•The average price per square foot decreased from a year ago from $339 to $314

•The sold/list price differential is constant at 3%


orange

714.376.9832


800.955.7356


92867

•Comparing December 2012 to December 2011 pended sales were up 21.7%, while homes available were down 64.3%


•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (0.7 months) and Months of Inventory/Pended Sales (1.1 month) indicating a low supply and high demand




orange

714.376.9832


800.955.7356


92868

•Comparing December 2012 to December 2011, pended sales were down 7.7%, while homes available were down 83%

•Closings were down by 57.1% year over year



•The sold/list price differential was non-existent as homes sold for an average of 6% over list price


orange

714.376.9832


800.955.7356


92869

•Comparing December 2012 to December 2011, pended sales were down 2.6% and homes available were also down 67.7%

•Closings were up 66.7%





irvine

714.376.9832


800.955.7356


•Comparing December 2012 to December 2011, pended sales were up 29.7%, while homes available were down by 69.2%

•Closings were up by 16.7%

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (1.1 months) and Months of Inventory/Pended Sales (1month) indicating an extremely low supply of homes in the market

•The average price per square foot increased year over year from $329 to $368



yorba linda

714.376.9832


800.955.7356


92886

•Comparing December 2012 to December 2011, pended sales were up by 21.4%, while homes available were down by 64.4%

•Closings were up by 2.2%

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (1.2 months) and Months of Inventory/Pended Sales (1.1 months) indicating an extremely low supply of homes in the market

•The average price per square foot has slightly increased from $254 to $263



yorba linda

714.376.9832


800.955.7356


92887

•Comparing December 2012 to December 2011, pended sales were down 4%, while homes available were down 57.7%

•Closings were up 21.1% compared to a year ago

•Real-estate agents consider a market balanced when there is a six-month supply of homes for sale so the lack of listings is clearly illustrated in the Months of Inventory/Closings (1.4 month) and Months of Inventory/Pended Sales (1.4 months) indicating an extremely low supply of homes in the market




proven leaders in North Tustin

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proven leaders in North Tustin

Dec 2012 - 92705 Market Share (NT last 12 months - $0-No Limit)Company Total Sales in $,000Seven Gables Real Estate 107,479First Team 69,707Prudential CA Realty 24,139North Hills Realty 22,461CB Residential 17,011

0

20,000

40,000

60,000

80,000

100,000

120,000


First Team Prudential CA Realty

North Hills Realty CB Residential

107,479

69,707

24,139 22,46117,011

All reports are published Dec 2012, based on data available at the end of Nov 2012. All reports presented are based on data supplied by the SCMLS or its member associations/brokers. Neither the MLS nor their members are in anyway responsible for their accuracy. Dat a maintained by the MLS or their members may not reflect all real estate activities in the market. Information deemed reliable but not gua ranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc

Dec 2012 -92705 Market Share (NT last 12 months - $1M-No Limit)Company Total Sales in $,000Seven Gables Real Estate 51,610First Team 22,951Prudential CA Realty 10,063CB Residential 6,881North Hills Realty 5,299

0

10,000

20,000

30,000

40,000

50,000

60,000



CB Residential North Hills Realty

51,610

22,951

10,063

6,8815,299

All reports are published Dec 2012, based on data available at the end of Nov 2012. All reports presented are based on data supplied by the SCMLS or its member associations/brokers. Neither the MLS nor their members are in anyway responsible for their accuracy. Dat a maintained by the MLS or their members may not reflect all real estate activities in the market. Information deemed reliable but not gua ranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc

92705$0 - No Limit

Dec 2011 - Dec 2012Total Sales in $,000

92705$1Million - No Limit



luxury leaders in our markets

714.376.9832


800.955.7356


92705 • 92706 • 9278092801 • 92802 • 92807

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000



CB Residential North Hills Realty

$59,689

$24,821

$15,468

$6,881$5,299

All reports are published Dec 2012, based on data available at the end of Nov 2012. All reports presented are based on data supplied by the

Our Markets$1Million - No Limit



*All information presented is based on data supplied by the SCMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published January 2013, based on data available at the end of December 2012. Neither the MLS nor their members are in anyway responsible for their accuracy. Data maintained by the MLS or their members may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc.

R E A L E S T A T ER E A L E S T A T E




*All information presented is based on data supplied by the SCMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published January 2013, based on data available at the end of December 2012. Neither the MLS nor their members are in anyway responsible for their accuracy. Data maintained by the MLS or their members may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc.

R E A L E S T A T ER E A L E S T A T E



Jose BastidaLIC #[email protected]

Documents

Real Estate Market Summary: December 2012