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Sandra Carlisle, Realtor Newport Beach & Corona del Mar

How is the Market Doing in Yorba Linda, California? Orange County Real Estate Market Update/Market Report

Orange County Real Estate Market Update Market Report Yorba Linda California market trends

How is the market doing in Yorba Linda California? What has been going on over the past six months? Is the credit crunch affecting individuals buying homes? -question posed by V.S. a buyer/seller

Here is the average SOLD price per square foot for the past 6 months in Yorba Linda...

08/2007 $360
09/2007 $352
10/2007 $343
11/2007 $327
12/2007 $312
01/2008 $350

So far, for February the average is $310. Between 2006 & 2007 price per square foot was down approximately 7% in Yorba Linda.

I think the slow down has more to do with everyone wanting to buy "at the right time" than the "credit crunch". There is still plenty of money available for home loans. You just can no longer "state" that you make money, when you don't...

Homes are still selling, they just need to be aligned to market conditions (which I can help you do, it actually involves much more than just slashing the price, call me at (949) 278-4807).

08/2007 578 - 52 (homes available - #sold)
09/2007 580 - 40
10/2007 557 - 42
11/2007 549 - 35
12/2007 454 - 37
01/2008 449 - 32

There are 442 homes on the market with 4 closed sales so far, for the month of February. You can compare how Yorba Linda is faring in contrast to other Orange County Communities/Cities by clicking here.

This will take you directly to a post with a City by City Guide on what happened to prices in Orange County over the last year as well as how Orange County compares to other Counties in Southern California.

Orange County Real Estate Yorba Linda California Market Update Report Trends

Bank Owned Properties in Orange County... Costa Mesa, East Bluff, Laguna Niguel, Tustin Ranch, South Laguna, Laguna Beach, Eastside Costa Mesa, Newport Beach, Newport Heights, Harbor View, West Cliff, Port Streets, Newport Coast, Corona del Mar

Orange County Real Estate REO Bank Owned Costa Mesa, Eastside Costa Mesa, East Bluff, Laguna Niguel, Tustin Ranch, Newport Beach, Newport Heights, West Cliff, Corona del Mar, Laguna Beach, Port Streets, Newport Coast, South Laguna

Are you looking for a great deal? Call Sandra Carlisle at (888) 294-2962 ext. 101.

Bank Owned

Area

Property Description

Price

Costa mesa

3 br 3 bath 1,300 sq ft home with large lot

$ 435,000.00

Costa mesa

3 br 2 bath 1,200 sq ft home with pool

$ 450,000.00

Costa mesa

3 br 2 bath 1,100 sq ft home large lot

$ 450,000.00

Costa mesa

3 br 1 bath 1,300 sq ft with large lot

$ 490,000.00

Costa Mesa

3 br 2 bath 1,700 sq ft home with detached cottage in the back

$ 599,000.00

Costa Mesa

3 br 2 bath 1,000 sq ft home large lot

$ 500,000.00

Costa Mesa

3 br 2 bath 1,000 sq ft Home large lot

$ 525,000.00

Costa Mesa

3 br 2 bath 1,900 sq ft fixer in a great area of Costa Mesa

$ 549,000.00

Costa Mesa

3 br 1 bath 1,200 sq ft home corner lot

$ 549,000.00

Cosat Mesa

3 br 2 bath 1,200 sq ft home

$ 550,000.00

Costa Mesa

4 br 2 bath 1,900 sq ft home one level

$ 628,000.00

Costa Mesa

5 br 3 bath 2,200 sq ft with 8,000 lot

$ 629,000.00

Costa Mesa

4 br 3 bath 2,000 sq ft home plus bonus room

$ 629,000.00

East Bluff NPB

4 br 3 bath 1,600 sq ft home very clean

$ 640,000.00

Costa Mesa East

3 br 2 bath 1,800 sq ft home with a 11,000 sq ft lot & pool

$ 660,000.00

Costa Mesa

4 br 3 bath 2,000 sq ft home 2 stories $100,000 in up grades

$ 675,000.00

Laguna Niguel

5 br 3 bath 2,600 sq ft large lot with views

$ 760,000.00

Costa Mesa

3 br 2 bath 1,100 sq ft home great East Side area

$ 770,000.00

Costa Mesa

4 br 4 bath 2,500 sq ft home 2 stories close to the fair grounds

$ 790,000.00

Tustin Ranch

4 br 3 bath 2,500 sq ft home views pool

$ 799,000.00

S Laguna

3 br 3 bath home with ocean views

$ 800,000.00

East Side CM

2 br 1 bath 1,227 sq ft large lot

$ 800,000.00

Newport Beach

3 br 2 bath 1,300 sq ft upper unit steps to the ocean very clean

$ 850,000.00

Newport Heights

3 br 3 bath home with pool and ocean views

$ 950,000.00

West Cliff

3 br 2 bath 1,230 sq ft recently remolded

$ 950,000.00

West Cliff

3 br 2 bath 2,000 sq ft home large lot

$ 980,000.00

CDM

3 br 3 bath 1,900 sq ft detached 2 storys

$ 1,295,000.00

Laguna Beach

3 br 3 bath 2,000 sq ft ocean views have to see to believe

$ 1,300,000.00

Harbor View

2 Br 2 bath 2,500 sq ft panoramic views of ocean

$ 1,500,000.00

Port Streets

5 br 4 bath 2,900 sq ft home (Fixer) needs some TLC

$ 1,450,000.00

Newport Beach

Mixed use property 2,900 sq ft, comercial first level single family on top

$ 1,800,000.00

Newport Coast

4 br 3 bath 2,600 sq ft home with views

$ 1,800,000.00

For more information on these Orange County Bank Owned Properties or other homes throughout Orange County, please call Sandra Carlisle at (888) 294-2962 ext. 101.

www.OCBeachBlog.com

Orange County Real Estate Bank Owned Properties REO Short Sale Costa Mesa Eastside Costa Mesa East Bluff Newport Beach, Corona del Mar Newport Coast South Laguna Laguna Beach Port Streets Newport Coast Tustin Ranch Newport Heights West Cliff Harbor View

Corona del Mar Market Report Newport Beach, California Orange County Real Estate

Corona del Mar Market Report Newport Beach California Orange County Real Estate Market Update LuxuryHomes

Corona del Mar 12/11/2007 - 2/11/2008

What has been happening with inventory in the last three months? Are any homes in Corona del Mar selling? How many homes are on the market in this Newport Beach Community in my price range?

$0 - $999,999

  • Inventory is down 31%
  • There are 13 homes on the market in this price range.
  • 6 homes have closed escrow.

$1,000,000 - $1,499,999

  • Inventory is up 30%
  • There are 26 homes on the market in this price range.
  • 3 homes have closed escrow.

$1,500,000 - 1,999,999

  • Inventory is up 53%
  • There are 49 homes on the market in this price range.
  • 2 homes have closed escrow.

$2,000,000 - $2,499,999

  • Inventory is up 5.6%
  • There are 18 homes on the market in this price range.
  • 4 homes have closed escrow.

$2,500,000 - $2,999,999

  • Inventory is up 28%
  • There are 23 homes on the market in this price range.
  • 1 homes has closed escrow.

$3,000,000 - $3,499,999

  • Inventory has remained level.
  • There are 11 homes on the market in this price range.
  • 1 home has closed escrow.

$3,500,000 - $3,999,999

  • Inventory is down 25%
  • There are 6 homes on the market in this price range.
  • 1 home has closed escrow.

$4,000,000 - $4,499,999

  • Inventory is down 50%
  • There are 2 homes on the market in this price range.
  • 3 homes have closed escrow.

$4,500,000 - $4,999,999

  • Inventory is up 50%
  • There are 2 homes on the market in this price range.
  • 0 homes have closed escrow.

$5,000,000 - No Max

  • Inventory has remained level.
  • There are 10 homes on the market in this price range.
  • 1 home has closed escrow.

Corona del Mar had 22 homes correctly aligned to the market over the past 3 months.

ALIGNMENT = SOLD

How can I align my property to the market? There's more to it than just slashing the price..

Orange County Real Estate Newport Beach Corona del Mar Market Report Update inventory levels selling a home

More than 10% of the Cities/Communities in Orange Country had Upward Price Movement between 2006 & 2007!

Orange County Real Estate Market Update How did 2007 End? Prices are up Prices are Down Newport Beach

Based on end of year data for 2007, 5 out of 38 Cities/Communities in Orange County posted gains over 2006 price per square foot numbers.

These Five Areas were Dana Point, Laguna Beach, Newport Beach, Newport Coast & Villa Park!

Could Buyers be beginning to lose their advantage? Or is the signal they've been waiting for?

I know every agent in my office that is holding homes Open are seeing a surge in activity. We are also seeing an increase in investors coming through the Open Houses and calling on properties & ads. While we are still far from a seller's market, it may not be as far as we once thought...

www.OCBeachBlog.com

Orange County Real Estate Market Update How did 2007 End? Prices are up Prices are down Newport Beach

Orange County Real Estate Marketing Report 2006 - 2007 Price per Square Foot Data County Comparisons City Comparison Where is the bottom?

Orange County Real Estate Marketing Report, Market Data based on Price Per Square Foot for 2006 vs. 2007 - County by County Comparison - Desert Areas (Palm Springs, etc...) Cities included Aliso Viejo, Anaheim, Anaheim Hills, Brea, Buena Park, Corona del Mar, Costa Mesa, Coto de Caza, Cypress, Dana Point, Fountain Valley, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Newport Coast, Orange, Placentia, Rancho Santa Margarita, Rossmoor, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster & Yorba Linda.

This has turned out to be a very exciting report for me this month. I was curious to see what the "real" numbers were because running them month to month doesn't give you the big picture of the market. Although I love roller coasters, I don't care for those rides in business. :)

My source for these numbers is a program called Market Trends, and it is an exclusive program courtesy of Bankers Funding & First Team Real Estate. The program pools this information from the various MLS's in these areas and the information is as fresh as it gets as the information is updated nightly, unlike other popular programs.

County by County Comparison

What's going on with other counties and how are they holding up compared to each other? These numbers are based on every property reported to the MLS as SOLD and their price per square foot averaged over the entire year. (2006-2007)

Desert Area's down 6% $319 - $300

San Diego County down 5% $521 - $492

San Bernadino County down 12% $269 - $237

Riverside County down 6% $314 - $296

Los Angeles County down 2.5% $435 - $424

***Orange County increased 1.5% $532 - $540

***Every County has its own plethora of markets within its boundaries. Just like every area in Southern California has its own micro-climate, real estate is extremely local! So, since Orange County is my zone in this wonderful Golden State, I have broken these same numbers down by cities within Orange County. Who is gaining and who isnt?***

Aliso Viejo down 7.8% $396 - $365

Anaheim down 17% $378 - $313

Anaheim Hills down 7% $372 - $345

Brea down 8% $373 - $343

Buena Park down 6% $377 - $354

Corona del Mar down 0.7% $958 - $951

Costa Mesa down 8% $473 - $437

Coto de Caza down 6% $397 - $373

Cypress down 6% $376 - $353

*Dana Point increased 2% $571 - $583

Fountain Valley down 6% $381 - $357

Garden Grove down 8% $383 - $353

Huntington Beach down 4% $495 - $472

Irvine down 3% $454 - $439

*Laguna Beach increased 2% $987 - $1010

Laguna Hills down 7% $400 - $372

Laguna Niguel down 6% $437 - $409

Laguna Woods down 7% $285 - $265

La Habra down 7% $372 - $344

Lake Forest down 10% $394 - $355

La Palma down 6% $370 - $347

Los Alamitos down 7% $409 - $381

Mission Viejo down 8% $383 - $352

*Newport Beach increased 2.6% $725 - $744

*Newport Coast increased 7% $707 - $760

Orange down 9% $398 - $361

Placentia down 8% $362 - $334

Rancho Santa Margarita down 7% $380 - $354

Rossmoor down 8% $480 - $443

San Clemente down 2.6% $489 - $476

San Juan Capistrano down 6% $412 - $386

Santa Ana down 8% $408 - $373

Seal Beach down 10% $508 - $456

Stanton down 10% $390 - $349

Tustin down 8% $412 - $379

*Villa Park increased 0.5% $394 - $396

Westminster down 6% $391 - $366

Yorba Linda down 7% $382 - $356

Yes folks, that's five cities posting overall gains in price per square foot... Are we nearing the bottom of the market? Or is this a five city anomaly?

What do you think about these numbers? Are they better or worse than you expected?

www.OCBeachBlog.com

Orange County Real Estate Marketing Report 2006 - 2007 Price per Square Foot Data County Comparisons City Comparison Where is the bottom?