Placentia, CA

Placentia California-Market Update

As of January 25th 2010 the city of Placentia is off to a great start!

Placentia currently has;

• 100 Active homes listed for sale.
• 10 homes Pending in escrow
• 17 homes in escrow and still accepting back up offers
• 1 home already sold in 2010!

Placentia Real Estate Update - Market Conditions December 2009

In the Placentia, CA real estate market there are currently 63 active homes on the market for sale. Of these:
7 are under $300,000 9 are between $300,000 and $400,000 9 are between $400,000 and $500,000 20 are between $500,000 and $600,000 19 are between $600,000 and $700,000 6 are between $700,000 and $900,000 0 are over $900,000

In the past 2 months Placentia has had 63 home sales:
11 under $300,000 9 between $300,000 and $400,000 18 between $400,000 and $500,000 14 between $500,000 and $600,000 11 between $600,000 and $700,000 1 between $700,000 and $900,000
Right now there are 63 Placentia home in escrow with:
7 under $300,000 9 between $300,000 and $400,000 17 between $400,000 and $500,000 12 between $500,000 and $600,000 9 between $600,000 and $700,000 10 between $700,000 and $900,000
Placentia's real estate market is actually pretty consistent across all price points. Consistent for the area and time I suppose. The top selling markets and the ones that appear to be the hottest are those at the $400,000-$500,000 price point. The lower price point is strong as well but inventory is low so the amount of sales will be limited by this. That being said, it is still a market segment that is seeing multiple offers over list price.

Suprising though is the strenth of the $500,000-$600,000 price point. This mid level Placentia home value has actually had quite a few sales and appears strong from a surface glance. Of course, we all know the devil for any market is always in the details. As we are seeing across Orange County, the sales do slide off once we get over teh $600,000 price point but not quite as dramatically as we are seeing in other areas.

Our Tips
For Placentia home buyers - We are seeing quite a bit of opportunity in the $600,000+ price ranges. The bang-for-your-buck factor at this price point is fantastic!!
For Placentia CA homeowners - The timing is actually good for many people looking to move up into the middle and upper middle price ranges if they have some equity to sell. The theory being they can sell in a hot entry level market and buy for a discount in the upper level markets.
Feel free to browse the current Placentia homes for sale to get a feel for the current market. Posted by FOUST Team Real Estate Services at 5:22 PM 0 comments Links to this post Labels: Placentia CA Homes For Sale, Placentia CA Real Estate

Placentia Real Estate Market Report- November 1st, 2009

Placentia Active Listings= 100

Lowest priced listing in Placentia= $90,000.00
Highest priced listing in Placentia= $879,000.00

Active Listings Property Type:

• 78 Single Family Residences
• 21 Condos/Townhouses
• 1 Commercial/Residential joint use

Active Listings Sale Type:

• 58 Standard Listings
  
• 12 REO* Listing
• 30 Short Pay** Listings
  

Active Listings Price Range:

• 56 priced at or above $500,000.00
• 44 priced below $500,000.00

Placentia Properties in Pending & Back Up Status= 87

Pending & Back Up Status Listing Type:

• 49 Standard Listings
  
• 6 REO* Listings
  
• 32 Short Pay** Listings
  

Placentia Properties Sold From 10/1/09-10/31/09= 37

October, 2009 Sales Type:

• 22 Standard Sales
• 8 REO* Sales
• 7 Short Pay** Sales

Lowest Oct '09 Sales Price= $115,000.00
Highest Oct '09 Sales Price= $695,000.00

What can you buy in Placentia at these prices?:

$115,000.00=

• 2 bd/2 ba condo
  
• 929 s.f.
• Built in 1972
  
• Short Sale
  

$695,000.00=

• 5 bd/2.75 ba single family residence
• 2,849 s.f.
• 8,112 s.f. lot
• 3 car garage
  
• Built in 1993
  
• Pool & Spa
  
• Remodeled
• Standard Sale
  

*REO= Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale= Properties that are still owned by the borrower. Borrower is attempting to sell the property for less than what is owed to the lender. Lender must approve the reduced pay off amount based on the current market value and borrowers inability to pay the full loan balance.


Information compiled from MLS data as of November 1st, 2009

Call Nic Petrossi, your Placentia short sales and homes specialist.

If you are having problems making your payments, and you think you need to short sale your property, please call me at (714) 272-3646 or email at npetrossi@yahoo.com

Wed, Oct 28, 2009 12:57 PM

RES	MLS #	Status	P	V	H	T	Q	Type	A/D	Address	City	Area	Zip	TGNO	Trct/M	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	P703187	A	2		H	T	Q	SFR	D	519 Moonbeam St	PLA	84	92870	739D6	CUST/C	4	2/2	1	2	1,800	1957	$399,000	46
2	P706824	A	13		H	T	Q	SFR	D	114 Primrose Ave	PLA	84	92870	739E6	VALN/0	2	1/1	1	2	1,190	1946	$399,000	16
3	P703015	A	20		H	T	Q	SFR	D	1231 Athens Ave	PLA	84	92870	739G5	OTHR/0	3	2/1	1	2	1,401	1969	$439,000	46	*
4	P699087	A	4		H	T	Q	SFR	D	1608 Seville St	PLA	84	92870	739G4	OTHR/*	4	2/2	2	2	1,940	1963	$450,000	78	*
5	P675079	A	12		H	T	Q	SFR	D	1248 Puerto Natales Dr	PLA	84	92870	739H5	OTHR/A	3	2/2	1	2 A	1,463	1969	$455,000	209	*
6	S590802	A	16		H	T	Q	CONDO	D	1734 Pierce Ln	PLA	84	92870	740A6	MARP/*	3	3/2	2	2 A	1,800	1999	$469,876	36	*v
7	P679652	A	1		H	T	Q	SFR	D	1708 Tuffree Blvd	PLA	84	92870	739E4	OTHR/0	4	2/1	1	2	1,792	1965	$475,000	222	*
8	MRM-W09092225	A	8		H	T	Q	SFR	D	147 REAGAN Dr	PLA	84	92870	740A7	/	3	3/2	2	2 A	1,768	1997	$475,900	64	*
9	R905235	A	8		H	T	Q	SFR	D	118 Jamaica Cir	PLA	84	92870	739F4	CUST/N	3	2/2	1	2	1,940	1970	$497,000	77	*
10	P707934	A	20		H	T	Q	SFR	D	1737 Canard Ave	PLA	84	92870	739E4	OTHR/.	3	2/1	1	2 A	1,471	1963	$499,000	8
11	S583313	A	20		H	T	Q	CONDO	D	326 Kirschner Ln	PLA	84	92870	739J6	ALPL/0	4	3/2	2	2 A	2,400	1997	$539,000	94	*
12	MRM-K09019748	A	5		H	T	Q	SFR	D	1818 GEETING Pl	PLA	84	92870	739F3	/	4	3/2	2	3 A	2,531	1971	$589,950	255	*
13	P708167	A	1		H	T	Q	SFR	D	808 Sunset Dr	PLA	84	92870	739D6	OTHR/1	4	3/2	1	2	2,000	1955	$605,000	6
14	S570898	A	1		H	T	Q	SFR	D	2008 Loreto Pl	PLA	84	92870	739E3	OTHR/0	5	3/2	2	2 A	2,482	1966	$650,000	206
15	P693138	A	9		H	T	Q	SFR	D	121 Harvard Ct	PLA	84	92870	739F7	OTHR/3	5	3/3	2	3 A	3,353	2000	$699,999	123
16	P696755	A	7		H	T	Q	SFR	D	2501 N Rose Dr	PLA	84	92870	739H2	OTHR/*	4	3/1	1	3	2,215	1978	$724,000	95	v
17	MRM-K09107270	A	15		H	T	Q	SFR	D	342 E CONCORD Way	PLA	OA	92870	739F7	/	4	3/2	2	2	2,250	1991	$525,000	72	*
18	MRM-I09094043	A	11		H	T	Q	SFR	D	610 MELODY Ln	PLA	OR	92870	739D6	/	3	2/2	1	2	1,181	1955	$299,000	63	*