Archive for November, 2011

Anaheim Hills Statistics – November 18, 2011

November 18, 2011 · Filed under Uncategorized

If you would like to search the MLS the same way I do, email me at LesslieG@aol.com

 

The following statistics include real estate transactions for Anaheim Hills as of Friday, November 18, 2011.

 

Condo Listings, by Zip Code, Activity between 11/11/11-11/18/11

 

Active condo listings in 92807:

10, Average price is $344,046; 1,481 square feet or $232.31 per square foot.

Closed:

1, $385,000; 2,000 square feet or $192.50 per square foot.

No Back-up or Pending sales between 11/11/2011-11/18/2011

 

Active condo listings in 92808:

28, Average price is $311,690; 1,197 square feet or $260.39 per square foot.

No Back-up, Pending or Closed sales between 11/11/2011-11/18/2011

 

 

Single Family Residence Listings, By Zip Code, Activity between 11/11/11-11/18/11

 

Active SFR listings in 92807:

49, ranging from $319,000 for 1,246 square feet to $3,490,000 for 7,068 square feet.

Back-up:

2, Average price is $459,950; 1,603 square feet or $286.93 per square foot. And 1 sale at $3,495,000; 9,300 square feet or $375.81 per square foot.

Pending:

4, Average price is $475,472; 2,120 square feet or $224.38 per square foot.

No Closed sales between 11/11/2011-11/18/2011

 

Active SFR listings in 92808:

42, ranging from $439,900 for 1,378 square feet to $2,800,000 for 6,000 square feet.

Pending:

3, Average price is $529,633; 2,248 square feet or $235.60 per square foot.

Closed:

2, 1 closed at $550,000; 2,571 square feet or $213.92 per square foot and another closed at $1,200,000; 4,026 square feet or $298.06 per square foot.

 

 

Lesslie Giacobbi is a Realtor with

Seven Gables Real Estate in Anaheim Hills.

Contact her at 714-685-2223 or giacobbigroup@gmail.com

lesslieg.featuredblog.com

Leave a comment »

Anaheim Hills Statistics – November 11, 2011

November 11, 2011 · Filed under Uncategorized

If you would like to search the MLS the same way I do, email me at LesslieG@aol.com

 

The following statistics include real estate transactions for Anaheim Hills as of Friday, November 11, 2011.

 

Condo Listings, by Zip Code, Activity between 11/04/11-11/11/11

 

Active condo listings in 92807:

12, Average price is $327,729; 1,393 square feet or $235.27 per square foot.

Back-up:

1, $184,900; 886 square feet or $208.69 per square foot.

Pending:

1, $380,000; 2,000 square feet or $190.00 per square foot.

Closed:

2, Average price is $357,500; 1,770 square feet or $201.98 per square foot.

 

Active condo listings in 92808:

23, Average price is $311,395; 1,192 square feet or $261.24 per square foot.

Pending:

2, Average price is $309,900; 1,189 square feet or $260.64 per square foot.

Closed:

2, Average price is $322,000; 1,231 square feet or $261.58 per square foot.

No Back-up sales between 11/4/2011-11/11/2011

 

 

Single Family Residence Listings, By Zip Code, Activity between 11/4/11-11/11/11

 

Active SFR listings in 92807:

56, ranging from $319,000 for 1,246 square feet to $7,000,000 for 12,815 square feet.

Back-up:

2, Average price is $682,500; 2,825 square feet or $241.59 per square foot.

Pending:

2, Average price is $1,124,500; 4,129 square feet or $272.34per square foot.

Closed:

2, Average price is $547,450; 2,200 square feet or $248.84 per square foot

 

Active SFR listings in 92808:

44, ranging from $439,900 for 1,378 square feet to $2,800,000 for 6,000 square feet.

Back-up:

2, Average price is $694,000; 3,508 square feet or $197.83 per square foot.

Pending:

1, $1,300,000; 4,026 square feet or $322.90 per square foot.

Closed:

3, Average price is $687,500; 2.909 square feet or $236.34 per square foot.

Leave a comment »

Are Forecasts to be Trusted?

November 9, 2011 · Filed under Uncategorized · Tagged , , ,

Yesterday we posted a link to an article in the OC Register about California home price recovery in 2012. But how accurate is the information? Seven Gables and COO Mike Hickman took a closer look at the information and this is what we found:

Prestigious schools like Chapman University, UCLA and Cal State Fullerton have issued forecasts of what’s expected to happen in the real estate market during the year ahead. Reliable, credible sources, right? Yes. But how accurate and truly conclusive is this expertly forecasted information? We for one are not entirely convinced that all the variables are being taken into account. So let’s take a look at what UCLA economists are projecting for the housing market, and see if the loopholes are as apparent to you as they are to us
According to the UCLA Anderson Forecast as reported yesterday by the OC Register, here’s a quick summary of a few of the key projections:
• There will be an 11.5% increase in median house price from $321,138 next year, which will then rise10% more in 2013 to $353,411.
• The recovery is expected to run through 2017.
• California sales will climb from 2013 through 2015, hitting a high-water mark of 547,945 transactions that year.
• By 2017, sales will settle back to $507,000 which is barely 3.6% more than this year’s projected total.
• Median home sales prices will be up 6.1% in 2012 and 7.2% in 2013.
• Foreclosures are not projected to flood the market again.
Now keep in mind that the Orange County unemployment rate is at 8.6% (below the 9% national average), a fact we must be mindful of as we continue this discussion.

So we went to Foreclosure Radar after reading yesterday’s article and keyed in a 20 mile radius of the city of Irvine. Guess how many distressed properties lie within that radius spanning most of Orange County all the way to the Long Beach border? Answer: 15,605 to be exact. That’s reason enough for us to be careful about presenting an overly optimistic view of the market ahead.

All it takes is one property to sell for less than the last sale in a neighborhood to affect pricing. So if an REO comes on the market and sells, the appraisers must base their appraisal on that price. How can it be said that foreclosures and short sales won’t affect pricing?

If we are going to be a resource to our clients we have to get our facts straight. If you want a PhD in Real Estate, do your research. Look at Economic Forecasts. Look at TrendGraphix. Look at Foreclosure Radar.

Talk to your sellers. If there is a time to sell, it is now . . . within the next 12 to 18 months. While there are fewer homes on the market. While demand remains high. And while interest rates continue to hover at about 4%.

Home sellers can control their own destiny. It won’t matter what is forecasted. Because REO sales will be the new reality.

Leave a comment »

A recovery is expected in 2012

November 8, 2011 · Filed under Uncategorized

http://lansner.ocregister.com/2011/11/06/calif-home-price-recovery-expected-in-2012/143703/

Leave a comment »

Anaheim Hills Statistics – November 4, 2011

November 4, 2011 · Filed under Uncategorized

If you would like to search the MLS the same way I do, email me at LesslieG@aol.com

 

The following statistics include real estate transactions for Anaheim Hills as of Friday, November 04, 2011.

 

Condo Listings, by Zip Code, Activity between 10/28/11-11/4/11

 

Active condo listings in 92807:

13, Average price is $301,751; 1,344 square feet or $224.52 per square foot.

Back-up:

1, $459,900; 1,450 square feet or $317.17 per square foot.

Pending:

1, $255,000; 1,021 square feet or $249.76 per square foot.

No Closed Sales between 10/28/2011-11/4/2011

 

Active condo listings in 92808:

22, Average price is $310,994; 1,181 square feet or $263.33 per square foot.

Back-up:

3, Average price is $248,683; 1,015 square feet or $245.01 per square foot.

Closed:

1, $353,000; 1,200 square feet or $294.17 per square foot.

No Closed sales between 10/28/2011-11/4/2011

 

 

Single Family Residence Listings, By Zip Code, Activity between 10/28/11-11/4/11

 

Active SFR listings in 92807:

53, ranging from $350,200 for 1,248 square feet to $7,000,000 for 12,815 square feet.

Back-up:

6, Average price is $598,750; 2,596 square feet or $230.64 per square foot.

Pending:

1, $550,000; 2,500 square feet or $220.00 per square foot.

Closed:

2, Average price is $597,000; 2,561 square feet or $233.11 per square foot

 

Active SFR listings in 92808:

40, ranging from $439,900 for 1,378 square feet to $2,800,000 for 6,000 square feet.

Back-up:

1, $1,389,800; 4,412 square feet or $315.00 per square foot.

Pending:

2, Average price is $599,450; 2,557 square feet or $234.43 per square foot.

Closed:

2, Average price is $507,750; 1,988 square feet or $255.41 per square foot.

Leave a comment »

Buyers: Now is the Time!

November 2, 2011 · Filed under Uncategorized

http://www.kcmblog.com/2011/10/31/its-simple-now-is-the-time-to-buy-a-home/

Leave a comment »