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714.928.1303 Seven800.955.7356 Gables Real Estate

market summary june 2013

Sarah Covarrubias 714.928.1303 | sevengables.com 800.955.7356 SarahCRealtor@gmail.com Market Summary | June 2013

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ESTATE


Seven Gables Real Estate Sarah Covarrubias

orange county


800.955.7356 714.928.1303

• Comparing June year over year, pended sales were down less than 1% over a year ago, while homes available for buyers were also down 17.4% • Closed sales were down 1.5% over a year ago • The effect of increased listings and a steady level of pended sales, also known as supply and demand, is clearly illustrated in the Months of Inventory/Closed Sales (1.6 months) and Months of Inventory/Pended Sales (1.5 month). Generally, in a 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 remains near all-time lows • Compared to a year ago, the average price per square foot was up 18% • The differential percentage was actually better than a year ago. The 1% 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 and also indicates the low level of homes for sale • Overall, the supply of homes has increased but remains near all-time low levels and pended sales have increased significantly. Although, a trend maybe developing as the last six months have shown month over month an increase in homes for sale. In fact, there were 4,574 listings in June and that represents the highest number in 9 months. If the current trend continues, we expect the local markets to continue to appreciate but at a slower rate. Overall, in June there were 1,176 fewer homes available and 465 more homes sold in June 2013 as compared to June 2012. Overall in Orange County, 86.8% of the supply of the homes available in June 2013 sold

Market Summary | June 2013

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Seven Gables Real Estate Sarah Covarrubias

table of contents


800.955.7356 714.928.1303

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

Market Summary | June 2013

5


Seven Gables Real Estate Sarah Covarrubias

tustin


800.955.7356 714.928.1303

92780 • Comparing June 2012 to June 2013, pended sales increased by 17.9%, and the number of homes available also increased by 30% • Closed sales were up 112% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in the Months of Inventory/Closed Sales (1.1 months) and Months of Inventory/Pended Sales (1.2 months) • Compared to a year ago, the average price per square foot has increased from $233 to $284 • The difference between the list price and the eventual sale price was 0%

Market Summary | June 2013

7


Seven Gables Real Estate Sarah Covarrubias

north tustin


800.955.7356 714.928.1303

92705 • Comparing June 2012 to June 2013, pended sales decreased by 2.4%, while homes available were also down 33.7% • Closed sales were up 22.6% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings Sales (1.7 months) and Months of Inventory/Pended Sales (1.6 month) • Compared to a year ago, the average price per square foot has increased from $268 to $320 • The difference between the list price and the eventual sales price was 4%

Market Summary | June 2013

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Seven Gables Real Estate Sarah Covarrubias

tustin ranch


800.955.7356 714.928.1303

92782 • Comparing June 2013 to June 2012, pended sales were down 20.5%, while homes available were also down 41.2% • Closed sales were up 25% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (0.9 months) and Months of Inventory/Pended Sales (1.3 months) indicate a low supply and high demand • The average price per square foot has increased slightly from a year ago from $316 to $357 • The difference between the list price and the eventual sales price was 0%

Market Summary | June 2013

11


Seven Gables Real Estate Sarah Covarrubias

north santa ana


800.955.7356 714.928.1303

92706 • Comparing June 2013 to June 2012, pended sales were down 21.7%, while homes available were also down 15.2% • Closed sales were down 50% over a year ago • The effect of fewer 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 (1.6 months) • Compared to a year ago, the average price per square foot increased from $230 to $293 • The difference between the list price and the eventual sales price was 1%

Market Summary | June 2013

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Seven Gables Real Estate Sarah Covarrubias

anaheim hills


800.955.7356 714.928.1303

92807 • Comparing June 2013 to June 2012, pended sales were down 8.9%, while homes available were also down 31.3% • Closed sales were up 27% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.2 months) and Months of Inventory/Pended Sales (1.4 months) indicate a low supply and high demand • The average price per square foot has increased from a year ago from $254 to $290 • The difference between list price and the eventual sales price was 0%

Market Summary | June 2013

15


Seven Gables Real Estate Sarah Covarrubias

anaheim hills


800.955.7356 714.928.1303

92808 • Comparing June 2013 to June 2012, the number of pended sales were up 15.2% over a year ago, while homes available were down 37.1% • Closed sales were down 8.8% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.3 months) and Months of Inventory/Pended Sales (1 month) indicate a low supply and high demand • The average price per square foot increased from $247 to $315 • The difference between list price and the eventual sales price was 1%

Market Summary | June 2013

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Seven Gables Real Estate Sarah Covarrubias

villa park


800.955.7356 714.928.1303

92861 • Comparing June 2013 to June 2012, pended sales were down 50%, while homes available also decreased by 25% • Closed sales were up 150% over the year prior • The effect of fewer listings and the pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (4.2 months) and Months of Inventory/Pended Sales (4.2 months) indicate a somewhat low supply and average demand • The average price per square foot decreased from $341 to $280 • The difference between list price and eventual sales price was 3%

Market Summary | June 2013

19


Seven Gables Real Estate Sarah Covarrubias

orange


800.955.7356 714.928.1303

92865 • Comparing June 2013 to June 2012, pended sales were up 58.8%, and homes available also increased by 87.5% • Closed sales were up 5.6% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.6 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 $229 to $291 • The difference between list price and eventual sales price was 0%

Market Summary | June 2013

21


Seven Gables Real Estate Sarah Covarrubias

orange


800.955.7356 714.928.1303

92866 • Comparing June 2013 to June 2012, pended sales were down 13.3%, while homes available were up 18.8% • Closed sales were down 33.3% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (3.2 months) and Months of Inventory/Pended Sales (1.5 months) indicate a fairly low supply and high demand • The average price per square foot increased from a year ago from $288 to $353 • The difference between list price and eventual sales price was 1%

Market Summary | June 2013

23


Seven Gables Real Estate Sarah Covarrubias

orange


800.955.7356 714.928.1303

92867 • Comparing June 2013 to June 2012, pended sales were down 8.7%, while homes available were also down 35.2% • Closed sales were down 2.8% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.3 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 $261 to $299 • The difference between list price and eventual sales price was 2%

Market Summary | June 2013

25


Seven Gables Real Estate Sarah Covarrubias

orange


800.955.7356 714.928.1303

92868 • Comparing June 2013 to June 2012, pended sales were down 38.5%, while homes available were also down 47.1% • Closed sales were down 31.2% year over year • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (0.8 months) and Months of Inventory/Pended Sales (1.1 month) indicate a low supply and high demand • The average price per square foot has increased from a year ago from $201 to $296 • The difference between list price and sold price was 2%

Market Summary | June 2013

27


Seven Gables Real Estate Sarah Covarrubias

orange


800.955.7356 714.928.1303

92869 • Comparing June 2013 to June 2012, pended sales were down 12.2% and homes available were also down 4.8% • Closed sales were down 26.1% • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.8 months) and Months of Inventory/Pended Sales (1.4 months) indicate a low supply and high demand • The average price per square foot has increased from a year ago from $238 to $322 • The difference between list price and eventual sold price was 2%

Market Summary | June 2013

29


Seven Gables Real Estate Sarah Covarrubias

irvine


800.955.7356 714.928.1303

• Comparing June 2013 to June 2012, pended sales were up 5%, while homes available were down by 4.4% • Closed sales were down 4% • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.7 months) and Months of Inventory/Pended Sales (1.6 months) indicate an extremely low supply of homes in the market • The average price per square foot increased year over year from $350 to $405 • The difference between list price and eventual sales price was zero

Market Summary | June 2013

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Seven Gables Real Estate Sarah Covarrubias

yorba linda


800.955.7356 714.928.1303

92886 • Comparing June 2013 to June 2012, pended sales were down by 16.7%, while homes available were also down by 17.7% • Closed sales were up 18.9% • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.7 months) and Months of Inventory/Pended Sales (1.8 months) indicate an extremely low supply of homes in the market • The average price per square foot has increased from $263 to $311 • The difference between list price and eventual price was 1%

Market Summary | June 2013

33


Seven Gables Real Estate Sarah Covarrubias

yorba linda


800.955.7356 714.928.1303

92887 • Comparing June 2013 to June 2012, pended sales were up 85.7%, and homes available were also up by 24.5% • Closed sales were down 24% compared to a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (3.2 months) and Months of Inventory/Pended Sales (1.6 months) indicate an increasing supply of homes in the market with high demand • The average price per square foot has increased from $263 to $300 • The difference between list price and eventual sales price was 1%

Market Summary | June 2013

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Seven Gables Real Estate Sarah Covarrubias

proven leaders in North Tustin


800.955.7356 714.928.1303

June 2013 - 92705 (Last 12 months - $0-No Limit) Company Total Sales in $,000 Seven Gables Real Estate 137,886 First Team 92,941 Prudential CA 33,193 North Hills 28,587 CB Residential 19,065

$137,886 $140,000

92705

$120,000 $92,941

$100,000

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

$80,000

$60,000 $33,193

$40,000

$28,587 $19,065

$20,000

$0

Seven Gables Real Estate

First Team

Prudential CA

North Hills

CB Residential

June - 92705 (Last 12July months $1mil-No Limit) All2013 reports are published 2013,- based on data available at the end of June 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 72,870 TRENDGRAPHIX, Inc First Team 38,678 Prudential CA 15,711 North Hills 14,031 Surterre Prop 6,548

$80,000

92705

$72,870

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

$70,000 $60,000 $50,000 $38,678 $40,000 $30,000

$15,711

$20,000

$14,031 $6,548

$10,000 $0

Seven Gables Real Estate

First Team

Prudential CA

North Hills

Surterre Prop

All reports are published July 2013, based on data available at the end of June 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 | June 2013

37


Seven Gables Real Estate Sarah Covarrubias

luxury leaders

in our markets


800.955.7356 714.928.1303

92705 • 92706 • 92780 92801 • 92802 • 92807

June 2013 - Our Markets (Last 12 months - $1mil-No Limit) Company Total Sales in $,000 Seven Gables Real Estate 93,013 First Team 44,673 Prudential CA 37,513 North Hills 14,031 Keller Williams 9,480

$100,000

Our Markets

$93,013

$1Million - No Limit

$90,000

June 2012 - June 2013

$80,000

Total Sales in $,000

$70,000 $60,000 $44,673

$50,000

$37,513 $40,000 $30,000 $14,031

$20,000

$9,480

$10,000 $0

Seven Gables Real Estate

First Team

Prudential CA

North Hills

Keller Williams

All reports are published July 2013, based on data available at the end of June 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 | June 2013

39


market summary

Sarah Covarrubias Seven Gables Real Estate Seven Gables Real Estate

june june 2013 2013

Sarah Covarrubias BRE #00911629 714.928.1303 SarahCRealtor@gmail.com

800.955.7356 | sevengables.com 800.955.7356 | sevengables.com

*All information presented is based on data supplied by the CRMLS or *All information presented is basedInformation on data supplied byreliable the CRMLS or its member associations/brokers. deemed but not its member associations/brokers. Information deemed reliable but based not guaranteed. TrendGraphix charts/reports are published July 2013, on guaranteed. TrendGraphix are published based on data available at the end ofcharts/reports June 2013. Neither the MLSJuly nor 2013, their members data at the end offor June Neither themaintained MLS nor their members are inavailable anyway responsible their2013. accuracy. Data by the MLS or are anyway responsible for their accuracy. Data maintained by the MLS or theirinmembers may not reflect all real estate activities in the market. their members(c) may not reflect all realInc. estate activities in the market. COPYRIGHT TRENDGRAPHIX, COPYRIGHT (c) TRENDGRAPHIX, Inc.

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Real Estate Market Summary :: June 2013