Dana Point Real Estate Report September 2013

Dana Point Real Estate Report

Dana Point Real Estate at a Glance: as typically the case the end of summer brings a slow down to the real estate market. Overall Orange County is showing signs of entering a neutral market so Dana Point sellers need to be patient, flexible on terms and conditions and their property has to be marketed properly to stand out from the increasing crowd. Buyers have a great chance to benefit from the changing market but should act quick before rates continue to rise.

South Orange County Real Estate General Economic Conditions: the market has slowed a bit as we move from a sellers market to a neutral market as summer comes to a close. A neutral market can be beneficial to both buyers and sellers depending on how they approach and structure their transaction.

Get the latest Orange County Real Estate report here

Detached Homes

Current Active Inventory 139

Behind the Numbers

Average volume past 3 months 34

Prices just a slight drop off from a very high month

Volume leveled off

Months of Inventory  slight drop back to the 5 range

dana det vol dana det price dana det months

What this means for

Buyers –Buyers are in a good window between the entering of a neutral market and rates yet to rise again, but there is no telling how long this window will last.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 –The keys for sellers in a neutral market is patience, flexibility and proper marketing so you can stand out from the crowd. Living and working in Dana Point I can give you an excellent idea of what to expect and how to make your home stand out among the crowd. 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 43

Behind the Numbers

Average volume past 3 months 20

Prices  hit the second highest number in the past 12 months

Volume  large drop coming off a month that was the 12 month high

Months of Inventory rose as summer comes to a close 3 months of inventory is a sign of a neutral market

 dana att months dana att price dana attach vol

What this means for

Buyers –you have a lot of options but you still want to move quick to beat the expected rising rates 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 –be patient and flexible and we will make sure your property is properly marketed to make you stand out from the crowd. A neutral market can still greatly benefit sellers if they are properly prepared. 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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