Dana Point Real Estate Report March 2014

Dana Point Real Estate Report

Dana Point Real Estate at a Glance:  Will the Festival of Whales bring the Month of Sales?  So we have been slowly moving along since the start of the year and the market is ready for some upward movement. Will this be the month that kicks off another annual run up in Dana Point Real Estate? It very well could be as interest seems to be increasing from buyers even with the month kicking off with the type of storm we usually laugh at our out of town friends and family for having to suffer through.

South Orange County Real Estate General Economic Conditions: The general Orange County real estate market has been liking driving through the mid west, flat for as far as the eye can see. A jump in activity is bound to hit, and this month may very be the start of it.

Get the latest Orange County Real Estate report here

DANA POINT REAL ESTATE

Detached Homes

Current Active Inventory 101

Behind the Numbers

Average volume past 3 months 24

Prices jumped on increased transactions at the very top of the market

Volume rose slightly as expected should continue to climb

Months of Inventory  fell as expected and should continue to trend downwards

DANA POINT HOMES

Detached homes charts

dana point housing report march 2014.002 dana point housing report march 2014.003 dana point housing report march 2014.004

What this means for

Buyers –If there is ANY run up in prices in Dana Point Real Estate this year buyers today will feel great about their purchase this time next year. The odds of a seasonal run up in prices are pretty good since that is the going trend and there is little to lead one to think that trend will not continue. Bottom line if your thinking about buying the sooner you do it the better off you are. 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 –Maintain your patience and prepare for multiple rounds of counter offers starting with a price lower than asking. The tides should start turning in the favor of sellers within the next few weeks.  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 47

Behind the Numbers

Average volume past 3 months 11.6

Prices  rose slightly

Volume  bounced back up after an extremely low month

Months of Inventory dropped off sharply

DANA POINT HOMES

Attached homes charts

dana point housing report march 2014.006 dana point housing report march 2014.007 dana point housing report march 2014.005

DANA POINT REAL ESTATE

What this means for

Buyers –Lots of great properties out there for you and sellers are being reasonable so act before the market turns in favor of the seller. 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 –The market should turn in your favor within the next few weeks. 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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Dana Point Real Estate Report March 2014
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The Dana Point Real Estate Report for March 2014 brought to you by your leading local real estate team 949hometeam
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