Dana Point Real Estate Report August 2013

Dana Point Real Estate Report

Dana Point Real Estate at a Glance: volume for attached homes saw a big jump as volume for detached homes fell slightly. Prices continue to march upwards however sellers ought to expect a slightly longer sales cycle.

South Orange County Real Estate General Economic Conditions:inventory has risen but prices continue to move upwards. We may be close to the top of this particular seller’s market if interest rates keep rising and eroding buyers purchasing power.

For the latest Orange County Real Estate Report click here

Detached Homes

Current Active Inventory 143

Behind the Numbers

Average volume past 3 months 37

Prices climbed back up hitting the second highest month over the past 12 months

Volume fell again hinting that the height of the market may of been reached

Months of Inventory  rose again as homes are taking longer to sell

dp det months dp det price dp det vol

What this means for

Buyers –You are racing rising rates, if you want to buy act quick.To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market and find the best Dana Point home for you.

Sellers –sellers can still get top dollar but they may have to wait longer to get it. Keep an eye on months of inventory to gauge how long it will take to get your home sold. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

Attached Homes

Current Active Inventory 38

Behind the Numbers

Average volume past 3 months 23

Prices  lower because of high volume at lower price points

Volume  hit the highest mark over the past 12 months last month

Months of Inventory fell as more homes closed

       dp att vol dp att price dp att months

What this means for

Buyers –you have less options now than you did a month ago so act quick to get the best of what is out there. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market.

Sellers –There is a high demand for attached Dana Point homes right now. Living and working in Dana I can tell you the interest is high from both first time buyers and investors especially at the entry level of the market. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

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