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949.233.9406 Seven800.955.7356 Gables Real Estate

market summary february 2013

David Oh, Esq. | Broker Associate 949.233.9406 | sevengables.com 800.955.7356 davidoh@sevengables.com Market Summary | February 2013

REAL

ESTATE


SevenDavid Gables Oh,Real Esq.Estate

orange county


800.955.7356 949.233.9406

• 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.

Market Summary | February 2013

3


SevenDavid Gables Oh,Real Esq.Estate

table of contents


800.955.7356 949.233.9406

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

Market Summary | February 2013

5


SevenDavid Gables Oh,Real Esq.Estate

tustin


800.955.7356 949.233.9406

92780 • 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%

Market Summary | February 2013

7


SevenDavid Gables Oh,Real Esq.Estate

north tustin


800.955.7356 949.233.9406

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%

Market Summary | February 2013

9


SevenDavid Gables Oh,Real Esq.Estate

tustin ranch


800.955.7356 949.233.9406

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%

Market Summary | February 2013

11


SevenDavid Gables Oh,Real Esq.Estate

north santa ana


800.955.7356 949.233.9406

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%

Market Summary | February 2013

13


SevenDavid Gables Oh,Real Esq.Estate

santa ana


800.955.7356 949.233.9406

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%

Market Summary | February 2013

15


SevenDavid Gables Oh,Real Esq.Estate

anaheim hills


800.955.7356 949.233.9406

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%

Market Summary | February 2013

17


SevenDavid Gables Oh,Real Esq.Estate

anaheim hills


800.955.7356 949.233.9406

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%

Market Summary | February 2013

19


SevenDavid Gables Oh,Real Esq.Estate

villa park


800.955.7356 949.233.9406

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%

Market Summary | February 2013

21


SevenDavid Gables Oh,Real Esq.Estate

orange


800.955.7356 949.233.9406

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%

Market Summary | February 2013

23


SevenDavid Gables Oh,Real Esq.Estate

orange


800.955.7356 949.233.9406

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%

Market Summary | February 2013

25


SevenDavid Gables Oh,Real Esq.Estate

orange


800.955.7356 949.233.9406

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%

Market Summary | February 2013

27


SevenDavid Gables Oh,Real Esq.Estate

orange


800.955.7356 949.233.9406

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 nonexistent as homes sold for an average of 3% over list price

Market Summary | February 2013

29


SevenDavid Gables Oh,Real Esq.Estate

orange


800.955.7356 949.233.9406

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%

Market Summary | February 2013

31


SevenDavid Gables Oh,Real Esq.Estate

irvine


800.955.7356 949.233.9406

• 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%

Market Summary | February 2013

33


SevenDavid Gables Oh,Real Esq.Estate

yorba linda


800.955.7356 949.233.9406

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%

Market Summary | February 2013

35


SevenDavid Gables Oh,Real Esq.Estate

yorba linda


800.955.7356 949.233.9406

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%

Market Summary | February 2013

37


SevenDavid Gables Oh,Real Esq.Estate

proven leaders in North Tustin


800.955.7356 949.233.9406

Feb 2013 - 92705 (Last 12 months - $0-No Limit) Company Total Sales in $,000 Seven Gables Real Estate 118,690 First Team 80,385 Prudential CA 23,761 North Hills 21,974 CB Residential 19,149

$118,690 $120,000

92705

$0 - No Limit Feb 2012 - Feb 2013 Total Sales in $,000

$100,000 $80,385 $80,000

$60,000

$40,000 $23,761

$21,974

$19,149

$20,000

$0

Seven Gables Real Estate

First Team

Prudential CA

North Hills

CB Residential

FebAll 2013 - 92705 (Last 12 months - $1mil-No Limit) 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 Company Total Sales in $,000 the Gables MLS or their members may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) Seven Real Estate 59,299 TRENDGRAPHIX, Inc First Team 28,340 Prudential CA 10,063 CB Residential 9,181 North Hills 6,949

$59,299

92705

$60,000

$1Million - No Limit Feb 2012 - Feb 2013 Total Sales in $,000

$50,000

$40,000 $28,340

$30,000

$20,000 $10,063

$9,181

$10,000

$0

Seven Gables Real Estate

First Team

Prudential CA

CB Residential

$6,949

North Hills

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

Market Summary | February 2013

39


SevenDavid Gables Oh,Real Esq.Estate

luxury leaders

in our markets


800.955.7356 949.233.9406

92705 • 92706 • 92780 92801 • 92802 • 92807

Feb 2013 - Our Markets (Last 12 months - $1mil-No Limit) Company Total Sales in $,000 Seven Gables Real Estate 75,168 First Team 30,210 Prudential CA 17,025 CB Residential 10,461 North Hills 6,949

$80,000

$75,168

Our Markets $1Million - No Limit Feb 2012 - Feb 2013 Total Sales in $,000

$70,000 $60,000 $50,000 $40,000

$30,210

$30,000 $17,025

$20,000

$10,461 $6,949

$10,000 $0

Seven Gables Real Estate

First Team

Prudential CA

CB Residential

North Hills

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

Market Summary | February 2013

41


market summary

SevenDavid Gables Oh,Real Esq.Estate

february 2013

David Oh, Esq.

Broker Associate | LIC# 01903592 949.233.9406 davidoh@sevengables.com 800.955.7356www.sevengables.com | sevengables.com *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.

REAL

ESTATE


Real Estate Market Summary: February 2013