The Summer Market Has Arrived!
The weather is warming up, the school year is coming to a close and the smell of summer is in the air! As the graduation signs begin to fade you may be noticing a different kind of sign in your neighborhood.
That’s right, more and more for sale signs are beginning to appear throughout Orange County and with those are more open house signs as well. With the end of the school year right around the corner, so is the summer market. That means more active inventory and even more open houses as active inventory is now predicted to peak sometime between July and August.
With so many distractions and activities on the horizon, buyers and sellers are wondering what exactly should they prepare for. The truth for sellers is this: there are only 90-days left to take advantage of the second best time of the year to sell a home, and homes priced at fair market value are seeing the most offers and activity.
Active Inventory Increased 5% in Orange County
Over the past two weeks, active inventory has grown by 5 percent, adding 296 homes to the market and marking the highest level of inventory in Orange County since August 2017. Since the beginning of April, active inventory has seen a record 22 percent increase, the largest since 2004.
Luxury homes saw the biggest increase in demand over the past two weeks with homes above $1.25 million increasing by 6 percent. Year over year, luxury demand is up an impressive 18 percent! Currently luxury listings, homes above $1.25 million, account for 37 percent of the inventory in Orange County.
All in all, for homes priced between $1 million and $1.25 million, there is a strong demand ratio that benefits sellers. This range represents 18 percent of the active inventory and 23 percent of demand.
Coming Soon in Ladera Ranch
4 Merrill Hill, Ladera Ranch, CA - Available June 7, 2018
Offered at $1,374,800 One of the Best and Most Beloved Streets in Ladera Ranch! This gorgeous estate features 5 full bedrooms, 5.5 baths and a 10,000+ Square Foot Lot. Centrally located in Ladera Ranch, Chaparral Elementary is 5 minutes away. Low Mello Roos.
46 Skywood St., Ladera Ranch, CA - Available June 18, 2018
Offered at $849,880 Highly desirable, traditional 4 bedroom, 3 baths in the heart of Oak Knoll Village. Great Location and yard, this home is zoned for Chaparral Elementary. and has low Mello Roos.
In Escrow in Ladera Ranch
33 Winslow Street Ladera Ranch, CA
In escrow under 30 days! This classic cape-cod inspired estate features private grounds, a spacious and flowing floorpan with luxury finishes. Located on a wide cul-de-sac and just 5 minutes from Oak Knoll clubhouse.
7 Waltham Road Ladera Ranch
In escrow under 60 days! Exquisite French country-inspired estate nestled at the end of a wide cul-de-sac and located next to a serene greenbelt in wonderful Covenant Hills. Recently upgraded with gorgeous detailing and filled with breathtaking views of lush greenery and rolling hills throughout.
Click here to see more recent sales in Ladera Ranch and Orange County.
Are you thinking about buying or selling this summer? With more than 18 years of experience and $250 million sold locally, I would be honored to help you move.
- M: 949.285.3215