The National Association of Realtors
reports consumers are responding to more favorable housing market conditions and are expecting sales to gradually rise throughout 2007. Time will tell whether or not this holds true locally, but let's take a look at January statistics.
January figures for Dana Point show the number of new listings increased 18 percent compared to January 2006. Sold listings were down 31 percent during the same time period and market times increased 27 days or 40 percent. The average sales price increased by $11,535 or 1 percent.
New listings in Laguna Beach increased by 29 percent in January, while the number of homes that sold dropped by 38 percent. Market times increased by 27 days or 35 percent. During this same time frame, the average sales price increased 46 percent to $2,136,750.
Laguna Niguel reported 10 percent less new listings in January 2007 compared to January 2006. Market times were up by 78 percent as the number of homes sold dropped 8 percent. Sales prices in Laguna Niguel showed a strong gain of 21percent with the average sales price of $915,231.
Mission Viejo average sales price declined 2 percent to $700,123, while sales decreased by 34 percent and market times increased by 71 percent. The number of new listings decreased by 11 percent.
The San Clemente average sales price increased 14 percent or $1,108,520, compared to January 2006. The number of new listings was up by 8 percent, while sales dropped 37 percent. Meanwhile, the average market time increased 35 days or 52 percent.
San Juan Capistrano's average sales price, also, increased 29 percent this January, rising to $1,164,175. New listings were lower by 16 percent. Market times increased 46 days or 92 percent and sales were down 41 percent.
Interested in what the housing market is doing in your neighborhood? Visit EmailHouseValue.info
. We would be more than happy to email you the market activity - Actives and Sold statistics - in your Neighborhood!All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.
Labels: dana point home sales, hartanov team, laguna beach home sales, laguna niquel home sales, mission veijo home sales, orange county home sales, san clemente home sales, san juan capistrano home sales