real estate market summary: february 2013
DESCRIPTION
Seven Gables' February 2013 Market Summary takes homebuyers and sellers inside the numbers, offering them real insight into our local market activityTRANSCRIPT
949.233.9406
R E A L E S T A T ER E A L E S T A T E
David Oh, Esq. | Broker [email protected]
800.955.7356
Market Summary | February 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 february 2013
Seven Gables Real Estate
David Oh, Esq.Seven Gables Real Estate
orange county
949.233.9406800.955.7356
Market Summary | February 2013 3
•Comparing February year over year, pended sales are down 7.8% over a year ago, while homes available for buyers are down 55.4%
•Closings were down 23.6% over a year ago
•The effect of fewer listings and more pended sales is clearly illustrated in the Months of Inventory/Closed Sales (2.2 months) and Months of Inventory/Pended Sales (1.1 months)
•Compared to a year ago, the average price per square foot was up 14.9%
•The sold/list differential percentage was actually better than a year ago. The 2% figure represents how buyers and seller are negotiating with each other, tells us how buyers and sellers should strategize to list their property and how to strategize writing an offer to obtain the best results.
•Overall, supply has decreased dramatically and pended sales have increased significantly. The trajectory, if the current trend continues, is that we can expect the local markets to continue to appreciate. Overall, in February there were 4,015 fewer homes available and 240 fewer homes sold in February 2013 as compared to February 2012.
• Overall in Orange County, an incredible 87% of the supply of the homes available in February 2013 sold; compared to 42% in 2012. During the month of February 2013, there were 3,235 homes available and 2,822 homes sold.
David Oh, Esq.Seven Gables Real Estate
table of contents
949.233.9406800.955.7356
Market Summary | February 2013
Orange County 3
Tustin 92780 7
North Tustin 92705 9
Tustin Ranch 92782 11
North Santa Ana 92706 13
Santa Ana 92707 15
Anaheim Hills 92807 17
Anaheim Hills 92808 19
Villa Park 92861 21
Orange 92865 23
Orange 92866 25
Orange 92867 27
Orange 92868 29
Orange 92869 31
Irvine 33
Yorba Linda 92886 35
Yorba Linda 92887 37
Market Share Charts 39
5
David Oh, Esq.Seven Gables Real Estate
tustin
949.233.9406800.955.7356
Market Summary | February 2013 7
•Comparing February 2012 to February 2013, pended sales were down 7.7% over a year ago and homes available decreased by 67.2%
•Closings were down 25% over a year ago
•The effect of fewer listings and more pended sales is clearly illustrated in the Months of Inventory/Closed Sales (1.5 months) and Months of Inventory/Pended Sales (0.6 months)
•Compared to a year ago, the average price per square foot increased from $229 to $267
•The sold/list price differential was 2%
92780
David Oh, Esq.Seven Gables Real Estate
north tustin
949.233.9406800.955.7356
Market Summary | February 2013 9
92705
•Comparing February 2013 to February 2012, pended sales were up 18.2% over a year ago, while homes available were down by 34%
•Closings were down 27.6% over a year ago
•The effect of fewer listings and more pended sales is clearly illustrated in the Months of Inventory/Closed Sales (3.1 months) and Months of Inventory/Pended Sales (1.7 months)
•Compared to a year ago, the average price per square foot increased from $238 to $262
•The sold/list price differential was 2%
David Oh, Esq.Seven Gables Real Estate
tustin ranch
949.233.9406800.955.7356
Market Summary | February 2013 11
92782
•Comparing February 2013 to February 2012, pended sales were down 22.5%, while homes available are down 62.7%
•Closings were down 15% over a year ago
•Months of Inventory/Closings (1.5 months) and Months of Inventory/Pended Sales (0.8 months) indicate a low supply and high demand
•The average price per square foot has decreased slightly from a year ago from $311 to $316
•The sold/list price differential was 2%
David Oh, Esq.Seven Gables Real Estate
north santa ana
949.233.9406800.955.7356
Market Summary | February 2013 13
92706
•Comparing February 2013 to February 2012, pended sales were down 36.4%, while homes available were down 35.6%
•Closings were down by 40% over a year ago
•Months of Inventory/Closings (2.4 months) and Months of Inventory/Pended Sales (2.1 months)
•Compared to a year ago, the average price per square foot increased from $224 to $266
•The sold/list price differential was 1%
David Oh, Esq.Seven Gables Real Estate
santa ana
949.233.9406800.955.7356
Market Summary | February 2013 15
92707
•Comparing February 2013 to February 2012, pended sales were down 2.8%, while homes available were down 55.9%
•Closings were down by 48%
•Months of Inventory/Closings (2.3 months) and Months of Inventory/Pended Sales (0.9 months) indicate an extremely low supply of homes in the market
•The average price per square foot increased from $208 to $238
•The sold/list price differential was 3%
David Oh, Esq.Seven Gables Real Estate
anaheim hills
949.233.9406800.955.7356
Market Summary | February 2013 17
92807
•Comparing February 2013 to February 2012, pended sales are up 4.9%, while homes available were down 58.4%
•Closings were exactly the same as a year ago
•Months of Inventory/Closings (2.1 months) and Months of Inventory/Pended Sales (1.1 months) indicate a low supply and high demand
•The average price per square foot has increased from a year ago from $221 to $261
•The sold/list price differential was 1%
David Oh, Esq.Seven Gables Real Estate
anaheim hills
949.233.9406800.955.7356
Market Summary | February 2013 19
92808
•Comparing February 2013 to February 2012, pended sales were down 3.4%, while homes available were down 58%
•Closings were down 28.6% over a year ago
•Months of Inventory/Closings (1.9 months) and Months of Inventory/Pended Sales (1 month) indicate a low supply and high demand
•The average price per square foot increased from $254 to $269
•The sold/list price differential was 1%
David Oh, Esq.Seven Gables Real Estate
villa park
949.233.9406800.955.7356
Market Summary | February 2013 21
92861
•Comparing February 2013 to February 2012, pended sales were down 14.3%, while homes available increased by 17.6%
•Closings were up by 700% over the year prior
•Months of Inventory/Closings (2.5 months) and Months of Inventory/Pended Sales (3.3 months) indicate a low supply and high demand
•The average price per square foot increased to $261
•The sold/list price differential was 3%
David Oh, Esq.Seven Gables Real Estate
orange
949.233.9406800.955.7356
Market Summary | February 2013 23
92865
•Comparing February 2013 to February 2012, pended sales were up 120%, while homes available were down 68.2%
•Closings were down by 58.3% over a year ago
•Months of Inventory/Closings (2.8 months) and Months of Inventory/Pended Sales (0.6 months) indicate a low supply and high demand
•The average price per square foot increased from $242 to $249
•The sold/list price differential was 0%
David Oh, Esq.Seven Gables Real Estate
orange
949.233.9406800.955.7356
Market Summary | February 2013 25
92866
•Comparing February 2013 to February 2012, pended sales were up by 30%, while homes available were down 33.3%
•Closings were down 37.5% over a year ago
•Months of Inventory/Closings (2.8 months) and Months of Inventory/Pended Sales (1.1 months) indicate a low supply and high demand
•The average price per square foot increased from a year ago from $247 to $300
•The sold/list price differential was 0%
David Oh, Esq.Seven Gables Real Estate
orange
949.233.9406800.955.7356
Market Summary | February 2013 27
92867
•Comparing February 2013 to February 2012, pended sales were down 16.1%, while homes available were down 61.6%
•Closings were down by 20% over a year ago
•Months of Inventory/Closings (2.1 months) and Months of Inventory/Pended Sales (1.3 months) indicate a low supply and high demand
•The average price per square foot decreased from $239 to $270
•The sold/list price differential was 0%
David Oh, Esq.Seven Gables Real Estate
orange
949.233.9406800.955.7356
Market Summary | February 2013 29
92868
•Comparing February 2013 to February 2012, pended sales were down 5.9% for the month, while homes available were down 61.3%
•Closings were down by 41.7% year over year
•Months of Inventory/Closings (1.7 months) and Months of Inventory/Pended Sales (0.8 months) indicate a low supply and high demand
•The average price per square foot increased from a year ago from $217 to $274
•The sold/list price differential was non-existent as homes sold for an average of 3% over list price
David Oh, Esq.Seven Gables Real Estate
orange
949.233.9406800.955.7356
Market Summary | February 2013 31
92869
•Comparing February 2013 to February 2012, pended sales were down 26.7% and homes available were also down 49.5%
•Closings were down 52%
•Months of Inventory/Closings (2.8 months) and Months of Inventory/Pended Sales (1.5 months) indicate a low supply and high demand
•The average price per square foot has increased from a year ago from $238 to $265
•The sold/list price differential was 2%
David Oh, Esq.Seven Gables Real Estate
irvine
949.233.9406800.955.7356
Market Summary | February 2013 33
•Comparing February 2013 to February 2012, pended sales were up 6.7%, while homes available were down by 64%
•Closings were down by 9.2%
•Months of Inventory/Closings (1.7 months) and Months of Inventory/Pended Sales (0.8 months) indicate an extremely low supply of homes in the market
•The average price per square foot increased year over year from $336 to $390
•The sold/list price differential was 2%
David Oh, Esq.Seven Gables Real Estate
yorba linda
949.233.9406800.955.7356
Market Summary | February 2013 35
92886
•Comparing February 2013 to February 2012, pended sales were up by 27.7%, while homes available were down by 54%
•Closings were down 41.2%
•Months of Inventory/Closings (3.2 months) and Months of Inventory/Pended Sales (1.1 months) indicate an extremely low supply of homes in the market
•The average price per square foot has increased from $248 to $274
•The sold/list price differential was 2%
David Oh, Esq.Seven Gables Real Estate
yorba linda
949.233.9406800.955.7356
Market Summary | February 2013 37
92887
•Comparing February 2013 to February 2012, pended sales were down 19.4%, while homes available were down 55.6%
•Closings were down 34.6% compared to a year ago
•Months of Inventory/Closings (1.6 months) and Months of Inventory/Pended Sales (1.1months) indicate an extremely low supply of homes in the market
•The average price per square foot increased from $225 to $278
•The sold/list price differential was 2%
David Oh, Esq.Seven Gables Real Estate
proven leaders in North Tustin
949.233.9406800.955.7356
Market Summary | February 2013 39
proven leaders in North Tustin
Feb 2013 - 92705 (Last 12 months - $0-No Limit)Company Total Sales in $,000Seven Gables Real Estate 118,690First Team 80,385Prudential CA 23,761North Hills 21,974CB Residential 19,149
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Seven Gables Real Estate
First Team Prudential CA North Hills CB Residential
$118,690
$80,385
$23,761 $21,974 $19,149
All reports are published March 2013, based on data available at the end of February 2013. All reports presented are based on data supplied by the SCMLS or its member associations/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 activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc
Feb 2013 - 92705 (Last 12 months - $1mil-No Limit)Company Total Sales in $,000Seven Gables Real Estate 59,299First Team 28,340Prudential CA 10,063CB Residential 9,181North Hills 6,949
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Seven Gables Real Estate
First Team Prudential CA CB Residential North Hills
$59,299
$28,340
$10,063 $9,181 $6,949
All reports are published March 2013, based on data available at the end of February 2013. All reports presented are based on data supplied by the SCMLS or its member associations/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 activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc
92705$0 - No Limit
Feb 2012 - Feb 2013Total Sales in $,000
92705$1Million - No Limit
Feb 2012 - Feb 2013Total Sales in $,000
David Oh, Esq.Seven Gables Real Estate
luxury leaders in our markets
949.233.9406800.955.7356
Market Summary | February 2013 41
92705 • 92706 • 9278092801 • 92802 • 92807
Feb 2013 - Our Markets (Last 12 months - $1mil-No Limit)Company Total Sales in $,000Seven Gables Real Estate 75,168First Team 30,210Prudential CA 17,025CB Residential 10,461North Hills 6,949
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
Seven Gables Real Estate
First Team Prudential CA CB Residential North Hills
$75,168
$30,210
$17,025
$10,461 $6,949
All reports are published March 2013, based on data available at the end of February 2013. All reports presented are based on data supplied by the SCMLS or its member associations/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 activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc
Our Markets$1Million - No Limit
Feb 2012 - Feb 2013Total Sales in $,000
David Oh, Esq.Seven Gables Real Estate
*All information presented is based on data supplied by the SCMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published March 2013, based on data available at the end of February 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. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc.
R E A L E S T A T ER E A L E S T A T E
market summary february 2013
800.955.7356 | sevengables.com
Seven Gables Real Estate
*All information presented is based on data supplied by the SCMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published March 2013, based on data available at the end of February 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. Information deemed reliable but not guaranteed. COPYRIGHT (c) TRENDGRAPHIX, Inc.
R E A L E S T A T ER E A L E S T A T E
market summary february 2013
800.955.7356 | sevengables.com
David Oh, Esq.Broker Associate | LIC# [email protected]