The April Market
With Spring in full swing, it's time to put the cleaning supplies down and put your shades on. The weather is warming up, and what better way to enjoy Orange County than with some much needed R&R! And the weather isn't the only thing warming up throughout sunny Southern California. As we approach the peak season, the market is blooming with opportunity for both buyers and sellers.
Good News for Homes Priced Between $750,000 and $1 Million
For homes priced below $750,000 the market is HOT! With an expected market time of just 36 days, this price range represents 34% of the active inventory and 55% of demand. Similarly, for homes priced between $750,000 and $1 million, the expected market time is 45 days, a HOT seller’s market. This range represents 18% of the active inventory and 23% of demand.
Inventory is Increasing
An active market is a healthy market! In the past two weeks, the active inventory sector had its largest increase since 2013. Specifically, active listing inventory has drastically spiked, adding 436 properties to the market, signaling a 9% increase in active inventory. There’s a shift in the market, and it has great benefits for both buyers and sellers.
This increase is exactly what buyers have been waiting for. More inventory equals more options, and the market is continually growing with foot traffic at open houses showing a steady number of attendees. Sellers on the other hand are taking advantage of the added interest in homes as they're seeing lower expected market times on homes priced at fair market value.
And don't count the luxury market out just yet. Both luxury inventory and demand have increased in the last couple of weeks. Specifically, demand for homes above $1.25 million increased by 5% with 18 pending sales, while inventory increased by 6% from 1,859 homes to 1,974 homes.
Local Real Estate Activity
Coming Soon! 33 Winslow St. Ladera Ranch, CA - Approximately 3800 Square Feet
Ideally situated on a cul-de-sac, the exquisite estate offers 5 bedrooms, a mid-level library, loft and a new kitchen! Call or text me at 949-285-3215 with any questions.
Just Listed! 26531 Domingo Dr. Mission Viejo, CA
Amazing opportunity to own a fabulously fun and private pool home in Mission Viejo. This move-in ready home is perfectly situated at the end of a cul-de-sace and tucked away behind an extra-long driveway. But wait, that’s not all. Our gorgeous property is conveniently close to school, world-class shopping, and other amenities and is just a short distance to the I-5 and 241. Step inside to enjoy a spacious floor plan that includes a formal living and dining room with vaulted ceilings, an open-concept kitchen and main floor bedroom. You’ll be instantly captivated by the large and private backyard that’s the perfect venue for all your entertaining and recreation. Dive into our newly re-plasted pool and spa as you start your summer in this exquisite turnkey home. Click here to view this listing.
Open House! 7 Waltham Road Ladera Ranch, CA - Sunday, May 6 from 1-4 pm
This exquisite French country-inspired 4 bedroom, 4.5 bathroom estate is priced to sell at $1,299,880. Complete with a large open loft and private casita and located in the heart of Covenant Hills at the end of a wide cul-de-sac next to a serene greenbelt. This home offers luxury, comfort and convenience in Ladera Ranch, boasting amenities rarely found together, including a Cinderella wrought-iron staircase, natural stone floors, custom window treatments, arched doorways and custom built-in cabinetry throughout. Rear grounds feature a built-in BBQ island and seating area, with an impressive courtyard welcoming you home with the warmth and ambiance of a romantic hearth. Convenient to school, clubhouse, sports courts, water park and central paseo, this home is the complete package!