real estate market summary :: june 2013

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REAL ESTATE REAL ESTATE Terese O’Dell | Teresa Springer 949.415.8684 www.TnT4homes.com 800.955.7356 market summary june 2013 Seven Gables Real Estate

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Seven Gables' June 2013 Market Summary takes homebuyers and sellers inside the numbers, offering them real insight into our local market activity.

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Page 1: Real Estate Market Summary :: June 2013

949.415.8684

R E A L E S T A T ER E A L E S T A T E

Terese O’Dell | Teresa Springer949.415.8684www.TnT4homes.com

800.955.7356

Market Summary | June 2013 R E A L E S T A T ER E A L E S T A T E

800.955.7356 | sevengables.com

market summary june 2013

Seven Gables Real Estate

Page 2: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

orange county

Page 3: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 3

•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

Page 4: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

table of contents

Page 5: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013

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

5

Page 6: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

tustin

Page 7: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 7

•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%

92780

Page 8: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

north tustin

Page 9: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 9

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%

Page 10: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

tustin ranch

Page 11: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 11

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%

Page 12: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

north santa ana

Page 13: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 13

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%

Page 14: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

anaheim hills

Page 15: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 15

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%

Page 16: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

anaheim hills

Page 17: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 17

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%

Page 18: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

villa park

Page 19: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 19

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%

Page 20: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

orange

Page 21: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 21

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%

Page 22: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

orange

Page 23: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 23

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%

Page 24: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

orange

Page 25: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 25

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%

Page 26: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

orange

Page 27: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 27

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%

Page 28: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

orange

Page 29: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 29

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%

Page 30: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

irvine

Page 31: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 31

•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

Page 32: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

yorba linda

Page 33: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 33

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%

Page 34: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

yorba linda

Page 35: Real Estate Market Summary :: June 2013

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Market Summary | June 2013 35

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%

Page 36: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

proven leaders in North Tustin

Page 37: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 37

proven leaders in North Tustin

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

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

Seven Gables Real Estate

First Team Prudential CA North Hills CB Residential

$137,886

$92,941

$33,193 $28,587

$19,065

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

June 2013 - 92705 (Last 12 months - $1mil-No Limit)Company Total Sales in $,000Seven Gables Real Estate 72,870First Team 38,678Prudential CA 15,711North Hills 14,031Surterre Prop 6,548

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

Seven Gables Real Estate

First Team Prudential CA North Hills Surterre Prop

$72,870

$38,678

$15,711 $14,031

$6,548

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

92705$0 - No Limit

June 2012 - June 2013Total Sales in $,000

92705$1Million - No Limit

June 2012 - June 2013Total Sales in $,000

Page 38: Real Estate Market Summary :: June 2013

TnT4HomesSeven Gables Real Estate

luxury leaders in our markets

Page 39: Real Estate Market Summary :: June 2013

949.415.8684800.955.7356

Market Summary | June 2013 39

92705 • 92706 • 9278092801 • 92802 • 92807

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

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

$100,000

Seven Gables Real Estate

First Team Prudential CA North Hills Keller Williams

$93,013

$44,673

$37,513

$14,031 $9,480

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

Our Markets$1Million - No Limit

June 2012 - June 2013Total Sales in $,000

Page 40: Real Estate Market Summary :: June 2013

TnT4Homes

TeresaSpringer

TereseO’Dell &

BRE #01019480 • BRE #01901357

www.TnT4homes.com

[email protected]

9 4 9 . 4 1 5 . 8 6 8 4

Seven Gables Real Estate

*All information presented is based on data supplied by the CRMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published July 2013, based on data available at the end of June 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. COPYRIGHT (c) TRENDGRAPHIX, Inc.

market summary june 2013

800.955.7356 | sevengables.com

R E A L

E S T A T ER E A L E S T A T E

Seven Gables Real Estate

*All information presented is based on data supplied by the CRMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published July 2013, based on data available at the end of June 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. COPYRIGHT (c) TRENDGRAPHIX, Inc.

market summary june 2013

800.955.7356 | sevengables.com

R E A L

E S T A T ER E A L E S T A T E

Seven Gables Real Estate

*All information presented is based on data supplied by the CRMLS or its member associations/brokers. Information deemed reliable but not guaranteed. TrendGraphix charts/reports are published July 2013, based on data available at the end of June 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. COPYRIGHT (c) TRENDGRAPHIX, Inc.

market summary june 2013

800.955.7356 | sevengables.com

R E A L

E S T A T ER E A L E S T A T E