real estate market summary :: october 2013

800.955.7356

Market Summary | October 2013 R E A L E S T A T ER E A L E S T A T E

800.955.7356 | sevengables.com

market summary october 2013

Seven Gables Real Estate


orange county

800.955.7356

Market Summary | October 2013 3

•Comparing October year over year, pended sales were down 12.1% over a year ago, while homes available for buyers were up 59.4%

•Closed sales were down 16.4% over a year ago

•The effect of increased listings and a decrease number of pended sales, also known as supply and demand, is clearly illustrated in the Months of Inventory/Closed Sales (2.6 months) and Months of Inventory/Pended Sales (2.4 month). Generally, in a completely balanced market the Months of Inventory would be 5-6 months. Using the balanced market figures as a benchmark, it is clear that the inventory of homes, while increasing, remains near all-time lows.

•Compared to a year ago, the average price per square foot went up 21%

•The differential percentage was the same as a year ago. The 3% figure represents how buyers and seller are negotiating with each other; it tells us how buyers and sellers should strategize to list their property and how to strategize writing an offer to obtain the best results.

•Although a trend may be developing as the last six months have shown a month over month increase in homes for sale, there was still an overall shortage of homes available. In fact, there were 6,285 listings in October; that represents the highest number in 18 months. If the current trend continues, the local markets are expected to continue to appreciate at a slower rate. Overall, there were 2,343 more homes available and 358 fewer homes sold in October 2013 as compared to October 2012. In Orange County 41.4% of the supply of homes available in October 2013 sold. This is a significant decrease from previous months where as much as 93% of the homes listed were sold.


table of contents

800.955.7356

Market Summary | October 2013

Orange County 3

Tustin 92780 7

North Tustin 92705 9

Tustin Ranch 92782 11

North Santa Ana 92706 13

Anaheim Hills 92807 15

Anaheim Hills 92808 17

Villa Park 92861 19

Orange 92865 21

Orange 92866 23

Orange 92867 25

Orange 92868 27

Orange 92869 29

Irvine 31

Yorba Linda 92886 33

Yorba Linda 92887 35

Market Share Charts 37

5


tustin

800.955.7356


•Comparing October 2012 to October 2013, pended sales increased by 65.2%, and the number of homes available also increased by 103.6%

•Closed sales were up 29% over a year ago

•The effect of increased listings and more pended sales (supply and demand) is clearly illustrated in the Months of Inventory/Closed Sales (1.4 months) and Months of Inventory/Pended Sales (1.5 months)

•Compared to a year ago, the average price per square foot has increased from $256 to $286

•The difference between the list price and the eventual sale price was 2%

92780


north tustin

800.955.7356


92705

•Comparing October 2012 to October 2013, pended sales increased by 16.7%, and homes available were up by 6.9%


•The effect of more listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings Sales (3.6 months) and Months of Inventory/Pended Sales (2.6 months)

•Compared to a year ago, the average price per square foot has increased from $261 to $294

•The difference between the list price and the eventual sales price was 4%


tustin ranch

800.955.7356


92782

•Comparing October 2013 to October 2012, pended sales were up 12.9%, and homes available were also up 45%

•Closed sales were up 7.1% over a year ago

•The effect of more listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (1.9 months) and Months of Inventory/Pended Sales (1.7 months) indicate a low supply and high demand

•The average price per square foot has increased from a year ago from $302 to $341



north santa ana

800.955.7356


92706

•Comparing October 2013 to October 2012, pended sales were down 5.3%, while homes available were up 76.2%


•The effect of more listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (3.1 months) and Months of Inventory/Pended Sales (2.1 months)

•Compared to a year ago, the average price per square foot remained the same at $262



anaheim hills

800.955.7356


92807



•The effect of more listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2.4 months) and Months of Inventory/Pended Sales (1.9 months) indicate a low supply and high demand


•The difference between list price and the eventual sales price was 3%


anaheim hills

800.955.7356


92808

•Comparing October 2013 to October 2012, the number of pended sales was up 13% over a year ago, and homes available were also up 73%


•The effect of more listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2.1 months) and Months of Inventory/Pended Sales (2.5 months) indicate a low supply and high demand

•The average price per square foot increased from $249 to $322

•The difference between list price and the eventual sales price was 2%


villa park

800.955.7356


92861

•Comparing October 2013 to October 2012, pended sales were down 50%, while homes available were up by 36.8%

•Closed sales were down 33.3% over the year prior

•The effect of more listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (6.5 months) and Months of Inventory/Pended Sales (8.7 months) indicate an increased supply and average to below average demand.

•The average price per square foot increased significantly from $295 to $401

•The difference between list price and eventual sales price was 8%


orange

800.955.7356


92865

•Comparing October 2013 to October 2012, pended sales were down 51.7%, while homes available were up by 50%


•The effect of more listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (1.5 months) and Months of Inventory/Pended Sales (2.1 months) indicate an increased supply and high demand

•The average price per square foot has increased from $234 to $281



orange

800.955.7356


92866

•Comparing October 2013 to October 2012, pended sales were down 75%, while homes available were up 25%

•Closed sales were up 25% over a year ago

•The effect of more listings and a significant decrease in pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2 months) and Months of Inventory/Pended Sales (6.7 months) indicate a significant increase in supply and a below average demand

•The average price per square foot increased from a year ago from $300 to $392



orange

800.955.7356


92867

•Comparing October 2013 to October 2012, pended sales were down 12.5%, and homes available were also down 57.1%


•The effect of more listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2.8 months) and Months of Inventory/Pended Sales (3.1 months) indicate an increased supply and high demand




orange

800.955.7356


92868


•Closed sales were down 22.2% year over year

•The effect of a significant increase in listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (3.4 months) and Months of Inventory/Pended Sales (2.4 months) indicate an increased supply and steady demand


•The difference between list price and sold price was 0%


orange

800.955.7356


92869

•Comparing October 2013 to October 2012, pended sales were down 28.3% and homes available were up 72.9%

•Closed sales were down 16.3%

•The effect of a significant increase in listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2 months) and Months of Inventory/Pended Sales (2.2 months) still indicate a low supply and high demand


•The difference between list price and eventual sold price was 2%


irvine

800.955.7356



•Closed sales were up less than 1%

•The effect of a significant increase in listings and fewer pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2.5 months) and Months of Inventory/Pended Sales (2.9 months) still indicate an increase but still low supply of homes in the market and steady demand

•The average price per square foot increased year over year from $355 to $409



yorba linda

800.955.7356


92886

•Comparing October 2013 to October 2012, pended sales were up 8.2%, and homes available were up 100%

•Closed sales were down 13.5%

•The effect of a significant increase in listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (3.6 months) and Months of Inventory/Pended Sales (3.1 months) still indicate a low supply of homes in the market


•The difference between list price and eventual price was 3%


yorba linda

800.955.7356


92887

•Comparing October 2013 to October 2012, pended sales were up 7.1%, and homes available were also up by 108.3%

•Closed sales were down 2.9% compared to a year ago

•The effect of a significant increase in listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/Closings (2.3 months) and Months of Inventory/Pended Sales (2.5 months) indicate an increasing supply of homes in the market with high demand




proven leaders in North Tustin

800.955.7356


proven leaders in North Tustin

October 2013 -‐ 92705 (Last 12 months -‐ $0-‐No Limit)Company Total Sales in $,000Seven Gables Real Estate 129,704First Team 81,166North Hills 25,251Prudential CA 23,400CB Residential 21,097

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000


First Team North Hills PrudenEal CA CB ResidenEal

$129,704

$81,166

$25,251 $23,400 $21,097

All reports are published November 2013, based on data available at the end of October 2013. All reports presented are based on data supplied by the SCMLS or its member associaTons/brokers. Neither the MLS nor their members are in anyway responsible for their accuracy. Data maintained by the MLS or their members may not reflect all real estate acTviTes in the market. InformaTon deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc

October 2013 -‐ 92705 (Last 12 months -‐ $1mil-‐No Limit)Company Total Sales in $,000Seven Gables Real Estate 67,199First Team 29,660North Hills 12,507Prudential CA 11,620CB Residential 8,282

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000


First Team North Hills PrudenGal CA CB ResidenGal

$67,199

$29,660

$12,507 $11,620

$8,282

All reports are published November 2013, based on data available at the end of October 2013. All reports presented are based on data supplied by the SCMLS or its member associaSons/brokers. Neither the MLS nor their members are in anyway responsible for their accuracy. Data maintained by the MLS or their members may not reflect all real estate acSviSes in the market. InformaSon deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc

92705$0 - No Limit

Oct. 2012 - Oct. 2013Total Sales in $,000

92705$1Million - No Limit

Oct. 2012 - Oct. 2013Total Sales in $,000


luxury leaders in our markets

800.955.7356


92705 • 92706 • 9278092801 • 92802 • 92807

October 2013 -‐ Our Markets (Last 12 months -‐ $1mil-‐No Limit)Company Total Sales in $,000Seven Gables Real Estate 91,703First Team 40,731Prudential CA 40,523North Hills 12,507CB Residential 9,562

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000


First Team PrudenFal CA North Hills CB ResidenFal

$91,703

$40,731 $40,523

$12,507 $9,562

All reports are published November 2013, based on data available at the end of October 2013. All reports presented are based on data supplied by the SCMLS or its member associaTons/brokers. Neither the MLS nor their members are in anyway responsible for their accuracy. Data maintained by the MLS or their members may not reflect all real estate acTviTes in the market. InformaTon deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc

Our Markets$1Million - No LimitOct. 2012 - Oct. 2013Total Sales in $,000

PLUG INTO A CLIENT-BASED HOME LENDER.ENERGIZE YOUR DREAMS.

Call 866.762.3400to learn more

13ERM0022.04©2013 EverBank.All rights reserved.

plug into a client-based home lender.

13ERM0022.04

© 2013 EverBank. All rights reserved.

Call 866.762.3400 to learn more

energize your dreams.

Seven Gables Real Estate has aligned itself with a dynamic lending institution, EverBank. This FDIC insured bank has the most competitive mortgage programs and interest rates on the market today. Financing homes for over 40 years, EverBank offers an extensive suite of mortgages in all 50 states. With years of local experience, they’ll help guide you through the process so you get the mortgage that fits your financial goals.

EverBank offers a variety of mortgage solutions, including:

•LowdownpaymentsonFHAloans

•Fixedoradjustable-rateloanprograms

•Financingforsecondhomesandinvestmentproperties

•VAloanswithnodownpaymentavailable

•Jumboloansto$3,000,000–fixedoradjustablerates

EXCLUSIVE. EFFICIENT. MORTGAGES.


*All information presented is based on data supplied by the CRMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published November 2013, based on data available at the end of October 2013. Neither the MLS nor their members are in anyway responsible for their accuracy. Data maintained by the MLS or their members may not reflect all real estate activities in the market. COPYRIGHT (c) TRENDGRAPHIX, Inc.

market summary october 2013

800.955.7356 | sevengables.com

R E A L

E S T A T ER E A L E S T A T E

real estate market summary :: october 2013

Documents

pended sales supply

supply of homes available

previous months

number of homes available

inventory of homes

fewer homes

gables real estatetustin800

balanced market figures