Ladera Ranch Toughest to Purchase...
Look who’s no. 1, so to speak! The latest Orange County home inventory report. As of November 12 the local real estate market saw …
| Hottest | Supply | Deals | Mon. | Yr. ago | Price |
|---|---|---|---|---|---|
| Ladera Ranch | 80 | 74 | 1.1 | 1.6 | $1.1m |
| Aliso Viejo | 118 | 95 | 1.2 | 1.2 | $460k |
| Rancho Santa Marg. | 100 | 79 | 1.3 | 1.3 | $405k |
| Buena Park | 98 | 75 | 1.3 | 1.7 | $436k |
| Anaheim | 335 | 243 | 1.4 | 1.3 | $357k |
| County | Supply | Deals | Mon. | Yr. ago | Price |
| All of O.C. | 7,719 | 3,241 | 2.4 | 2.5 | $1.2m |
| Coolest | Supply | Deals | Mon. | Yr. ago | Price |
| Corona Del Mar | 182 | 17 | 10.7 | 16.3 | $2.9m |
| Newport Beach | 561 | 64 | 8.8 | 9.4 | $2.4m |
| Laguna Beach | 339 | 41 | 8.3 | 10.3 | $3.9m |
| Coto De Caza | 115 | 17 | 6.8 | 8.7 | $2.4m |
| Newport Coast | 148 | 23 | 6.4 | 6.3 | $4.2m |
- The “hardest” O.C. town to find a home to buy in terms of “market time” (supply of homes for sale vs. new purchase deals inked in past month) is Ladera Ranch at 1.1 months to theoretically sell all for-sale homes at the current buying pace. Average listing price? $1.1 million.
- “Hardest” market to sell a home in, based on the same math, is Corona Del Mar at 10.7 months to theoretically sell all for-sale homes at the current buying pace. Average listing price? $2.9 million.
- Overall O.C. market time? 2.4 months.
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One Ladera Ranch home has been newsy lately. We’ve reported that the family home of Tamra Barney, one of cable TV’s “Real Housewives of Orange County,” is in escrow. The home — pictured at left, click to enlarge — had been listed as a “short sale” for $1.149 million.
Ladera Ranch, a new community built out at the peak of the market, has been a troubled housing market beset by foreclsoures and slumping prices. Barney’s broker Marcos Prolo, a Ladera resident and seller of property there for 6 years says: “It’s probably the worst hit in the South County area.”
Above at right, there’s at look at the 5 hottest and 5 coldest markets in O.C. as of last Thursday (supply for sale; new deals made; market time in months vs. a year ago and average listing price) by Thomas’ market time math!
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