Dana Point Real Estate Report February 2014

Dana Point Real Estate Report

Dana Point Real Estate at a Glance:  are you ready for some Real Estate?  The expected seasonal slow down in volume continues but thankfully typically we really begin to pick up after the Super Bowl (sort of the Orange County equivalent of Spring) so we should see higher volume numbers going forward. Prices have remained pretty stable and we expect them to continue to do so for the next couple months.

South Orange County Real Estate General Economic Conditions: The general Orange County Real Estate conditions remain pretty locked in with flat prices, lower volume and increasing inventory. We should see a pretty good jump in volume over the next few weeks, which may put upward trend pressure on prices if the active inventory doesn’t increase accordingly.

Get the latest Orange County Real Estate report here

DANA POINT REAL ESTATE

Detached Homes

Current Active Inventory 100

Behind the Numbers

Average volume past 3 months 27

Prices still flat but holding fairly steady

Volume drop off as expected for this time of year, expect to see this number start to climb going forward

Months of Inventory  jumped up a lot but should start to fall quickly as volume number climbs

DANA POINT HOMES

Detached homes charts

dana point housing report feb 2014.002 dana point housing report feb 2014.004 dana point housing report feb 2014.003

What this means for

Buyers – This is the end of your window to get the absolute best deal as a buyer. As soon as that volume number starts climbing for the year, as it typically does every year this time of year your positional power will start to erode If your thinking of buying and are ready to do so now is the time!  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.

READ ABOUT HOW DODD FRANK IMPACTS MORTGAGES HERE

Sellers –Since there are so many options right now for buyers you really need to position yourself well to get sold if your looking to sell quickly. With the right marketing, pricing and approach you can still sell quickly. We just sold one for a record price in a week but it takes a lot of effort to get that type of result.  For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 DANA POINT REAL ESTATE

Attached Homes

Current Active Inventory 41

Behind the Numbers

Average volume past 3 months 11.6

Prices  fell off because of the absence of transactions at the very top of the market

Volume  huge fall off, but not out of line for this time of year and most likely the last time this year we will see it in single digits

Months of Inventory massive jump because of such a low volume number

DANA POINT HOMES

Attached homes charts

dana point housing report feb 2014.001

dana point housing report feb 2014.007 dana point housing report feb 2014.006

 

DANA POINT REAL ESTATE

What this means for

Buyers –again this is your window of opportunity and it will probably close very quickly. If you can buy now do so before rising volume limits your options and costs you more money. 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 –You can absolutely list your home and get top dollar for it if the marketing is on point and you are willing to wait as the volume starts to trend upwards For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

Summary
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Dana Point Real Estate Report Feb 2014
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This should mark the end of the flat market as post Super Bowl is usually when our local Dana Point Real Estate market usually starts to take off Here is the latest Dana Point real estate report from your leading local Dana Point Real estate group 949hometeam.
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