IS YOUR HOME NOT SELLING QUICK ENOUGH ?

DID YOUR HOME SELL TOO FAST ?

The latest O.C. home inventory report from Steve Thomas at Altera Real Estate in Aliso Viejo says that as of October 29 that South County homes sell the quickest …

  • 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 Foothill Ranch at 1.0 months to theoretically sells all for-sale homes at the current buying pace.
  • “Hardest” market to sell a home in, based on the same math, is Corona Del Mar at 11.7 months to theoretically sells all for-sale homes at the current buying pace.

Here’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:

HottestSupplyDealsMon.Yr. agoPrice
Foothill Ranch 30 31 1.0 1.4 $551k
Aliso Viejo 96 96 1.0 1.2 $474k
Lake Forest 82 72 1.1 1.0 $558k
Dove Canyon 13 11 1.2 1.7 $870k
Fountain Valley 65 50 1.3 2.5 $550k
CountySupplyDealsMon.Yr. agoPrice
All of O.C. 7,749 3,166 2.4 2.4 $1.2m
CoolestSupplyDealsMon.Yr. agoPrice
Corona Del Mar 187 16 11.7 11.5 $2.8m
Laguna Beach 365 43 8.5 11.0 $3.9m
Newport Beach 592 73 8.1 11.1 $2.4m
Newport Coast 157 21 7.5 5.2 $4.1m
Coto De Caza 119 16 7.4 7.4 $2.4m

 

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