NAR Predicts 3rd Best Year
The housing market is settling but should experience its third-best year in 2006, with job creation and a growing economy offsetting some of the effects of rising interest rates, according to the NATIONAL ASSOCIATION OF REALTORS®.
The South Orange County April 2006 sales statistics generally are consistant with this prediction, but when you look closely at individaul towns there is much disparity.
Dana Point's inventory remained unchanged from April 2005 to April 2006. However, the sold listings are down 44% and market times have increased by 34%. Appreciation over the past year is merely 1%.
Laguna Beach's inventory increased 27%, sales dropped 37% and market times increased by 97%. But, homes appreciated 3.46% compared to April 2005.
Laguna Niguel, on the other hand, saw a 6% decrease in listing inventory compared to last year. Market times are basically unchanged even though the number of sales is down 46%. But, the best news is a 9% appreciation!
Mission Viejo's 15% appreciation more than makes up for a 6% increase in inventory, 43% decrease in sales and a 10 day longer market time.
San Clemente is experiencing a very similar market to Mission Viejo. 14% appreciation, 10% increase in inventory, 29% drop in sales.
San Jaun Capistrano is the only area to see a depreciation in sales prices with a 6% drop in prices.
This is a market where both, buyers and sellers, will want to work with only the best agents. Agents who have their thumbs on the pulse of the local market. Agents who can differentiate between the different localities and not lump all markets into one. Agents who have the knowledge and experience to counsel buyers and sellers on how to get the best possible deal.
We are those agents. We will look out for your best interests and put our years of experience to work for you. Give us a call. You will be glad you did!
All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.
_________________________________________
Wanting to buy or sell a home in South Orange County? Visit our website. Here you can view all homes for sale.
The South Orange County April 2006 sales statistics generally are consistant with this prediction, but when you look closely at individaul towns there is much disparity.
Dana Point's inventory remained unchanged from April 2005 to April 2006. However, the sold listings are down 44% and market times have increased by 34%. Appreciation over the past year is merely 1%.
Laguna Beach's inventory increased 27%, sales dropped 37% and market times increased by 97%. But, homes appreciated 3.46% compared to April 2005.
Laguna Niguel, on the other hand, saw a 6% decrease in listing inventory compared to last year. Market times are basically unchanged even though the number of sales is down 46%. But, the best news is a 9% appreciation!
Mission Viejo's 15% appreciation more than makes up for a 6% increase in inventory, 43% decrease in sales and a 10 day longer market time.
San Clemente is experiencing a very similar market to Mission Viejo. 14% appreciation, 10% increase in inventory, 29% drop in sales.
San Jaun Capistrano is the only area to see a depreciation in sales prices with a 6% drop in prices.
This is a market where both, buyers and sellers, will want to work with only the best agents. Agents who have their thumbs on the pulse of the local market. Agents who can differentiate between the different localities and not lump all markets into one. Agents who have the knowledge and experience to counsel buyers and sellers on how to get the best possible deal.
We are those agents. We will look out for your best interests and put our years of experience to work for you. Give us a call. You will be glad you did!
All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.
_________________________________________
Wanting to buy or sell a home in South Orange County? Visit our website. Here you can view all homes for sale.
posted by The Hartanov Team at 3:56 AM
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