Rancho Santa Margarita Real Estate Report

Rancho Santa Margarita Real Estate Report

South Orange County Real Estate

November 2012

Rancho Santa Margarita Real Estate at a Glance:   Volume has been fairly consistent in Rancho Santa Margarita with a reasonable number of transactions every month. Active inventory is slightly low relative to the average number of monthly transactions for detached homes and even lower than demand for attached homes heading into the holiday season making it a good time for both buyers and sellers.

South Orange County Real Estate General Economic Conditions: rates remain at historic lows increasing affordability, inventory is low throughout South Orange County Real Estate as general economic uncertainty has delayed many sellers from putting their homes on the market and volume has remained fairly consistent.

Detached Homes

Current Active Inventory 27

Current Average List Price $630,209

Behind the Numbers

Average volume past 3 months 45

Average sales price past 3 months  $543,511

Prices on a general upswing for the year

Volume  staying fairly consistent and strong with some months spiking up higher than the average

 

 

 

What this means for

Buyers – buyers have to move quick to get the best options since the available inventory is low compared with the average monthly transactions. 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 home for you.

Sellers –  Prices have stabilized and volume remains steady and the available inventory is low compared with trending with market demand making it a great time to put your home on the market. 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 14

Current Average List Price $308,314

Behind the Numbers

Average volume past 3 months 36

Average sales price past 3 months  $260,501

Prices  on a upswing trend for the year

Volume  steady

 

 

 

What this means for

Buyers – attached Rancho Santa Margarita homes for sale inventory is lower than the average monthly volume so buyers need to move 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 that fits your criteria as soon as it hits the market.

Sellers – The inventory is low for the average monthly demand providing an opportunity to list your Rancho Santa Margarita real estate and get a good price and a quick transaction. Prices have stabilized so don’t expect to get a large increase over recent sales but you can expect to sell for the same or slightly more. 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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Posted in OC real estate, Rancho Santa Margarita Real Estate
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