Anaheim Hills January 2012 Market Summary

Orange County:

  • Comparing January, year over year, Pended Sales are up 69.7% over a year ago, while homes available for buyers are down 42.6%%
  • Closings were down 3.6% over a year ago
  • The effect of fewer listings and more pended sales is clearly illustrated in the Months of Inventory/Closed Sales (4.6 months) and Months of Inventory/Pended Sales (2.4 months)
  • Compared to a year ago, the average price per square foot is down about 3.9%, from $293 to $282
  • The sold/list differential percentage remains exactly where it was one year ago, with little change over the course of the last twelve months. The 4% figure represents how buyers and sellers are negotiating with each other and tells us how buyers and sellers should strategize when listing their property or writing an offer in order to obtain the best results.
  • Overall, supply is decreasing dramatically and pended sales have increased significantly. The trajectory, if the current trend continues is to expect a flattening of prices and in some local markets, even appreciation. Overall, in January there are 5,813 fewer homes available and 1,300 more homes sold in January 2012 than in January 2011. The number of homes for sale and price per square foot compares with 2003 mid-year numbers.

 

Anaheim Hills – 92807:

  • Comparing January 2012 to January 2011, pended sales are up 177.8%, while homes available are down 33.1%
  • Closings were up 50% over a year ago
  • Months of Inventory/Closings (4.7 months) and Months of Inventory/Pended Sales (2.3 months) indicate a low supply and high demand
  • The average price per square foot has decreased from a year ago from $246 to $234
  • The sold/list price differential is 3%

 

Anaheim Hills – 92808:

 

  • Comparing January 2012 to January 2011, pended sales are up 24.1%, while homes available are down 49.6%
  • Closings were down 45.5% over a year ago
  • Months of Inventory/Closings (5.8 months) • and Months of Inventory/Pended Sales (1.9 months) indicate a low supply and high demand
  • The average price per square foot has decreased from a year ago from $255 to $245
  • The sold/list price differential is 4%

 

 

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

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