by Barbara • Barbara's Blog on January 21, 2015
For single family homes in 92807, many areas remain much the same as last year that this time. In December, there were only 17 new listings compared to 22 the previous year. However, pending sales were up 35% while closed sales were down 32%. There was almost a dead heat for the median sales price. In the previous year the median sales price was $622.450 compared with this December’s $625,000. Again, what to me is interesting is the discrepancy in the average sales price. Last year the average sales price in December was $628.466 and this year it was $753.526 which shows us there is a bit more activity in the mid to upper price range. Much as expected for December, inventory was down to 69 homes from last year’s 88 and the months supply of inventory remained relatively the same with 2.8 months for 2013 to 2.5 months for 2014.
Traditionally, Super Bowl Weekend is the unofficial start to our Orange County’s spring buying market. In view of the recently reduced FHA insurance premiums, I believe we should a lot of activity for those homes and condos priced below $500,000.
by Barbara • Barbara's Blog on October 27, 2014
There has not been a lot of change from this September vs. last September when it comes to new listings, pending sales, closed sales and days on the market. In fact the numbers are almost identical. New listings for the month of September on single family residences were 36 vs. 38 last September. Pending sales were 24 just under the 26 recorded the previous year. Closed sales fell to 32 from 34 last year and lastly, the days on market fell slightly from 63 last year to 60 this year.
However, what is quite notable and very different from last year is the median sales price and the average sales price. The median sales price was up 19.7% from $523,250 in September, 2014 to $626,500 this year. The average sale price in 92807 was up 13.7% from $592,961 to $674,297. Inventory of homes for sale is down a bit from 97 homes last year to 85 this year while the months supply of inventory is bit higher this year at 3 months of inventory vs. 2.9 from last year.
by Barbara • Barbara's Blog on August 18, 2014
The numbers are in! For the month of July in Anaheim Hills, we saw 59 new listings in the zip code of 92807 which is a decrease of 1.7% from the previous year. Closed sales are also down with a reported 30 closings which represents a 30.2% decline. The median price of a home is up slightly to $570,000 which is up 7.8% over last year and inventory is up 21.3% with 113 active listings.
What does this mean to you? If you are a trying to sell your home, it may not be as easy as it was this time last year. There is more inventory now and buyers are becoming increasingly resistant to what they perceive as inflated prices. Buyers want value. If you are one of those buyers looking for a good value, inventory is increasing so you have more of a selection and interest rates are still fairly low. The best news of all is that there is slow and steady growth with no wild price variations.
by Barbara • Barbara's Blog on May 15, 2014
Effective January 1, 2014, property owners who obtain permits to remodel a property that was built prior to 1994 are required to retrofit with toilets that use no more than 1.6 gallons per flush, showerheads with flow rates of no more than 2.5 gallons per minute and other interior fixtures that use less than 2.2 gallons of water per minute.
This applies to all single family property permits, as well as multifamily and commercial property permits where 10 percent or more of the square footage is included in the remodel.
By January 1, 2017, all residential properties in California that were built prior to 1994 will need to be in compliance with water fixtures as outlined above, which will bring them up to the same standards as homes built since 1994.