Real Estate Market Summary: February 2013

949.233.9406

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

David Oh, Esq. | Broker [email protected]

800.955.7356

Market Summary | February 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 february 2013

Seven Gables Real Estate

David Oh, Esq.Seven Gables Real Estate

orange county

949.233.9406800.955.7356

Market Summary | February 2013 3

•Comparing February year over year, pended sales are down 7.8% over a year ago, while homes available for buyers are down 55.4%

•Closings were down 23.6% over a year ago

•The effect of fewer listings and more pended sales is clearly illustrated in the Months of Inventory/Closed Sales (2.2 months) and Months of Inventory/Pended Sales (1.1 months)

•Compared to a year ago, the average price per square foot was up 14.9%

•The sold/list differential percentage was actually better than a year ago. The 2% 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.

•Overall, supply has decreased dramatically and pended sales have increased significantly. The trajectory, if the current trend continues, is that we can expect the local markets to continue to appreciate. Overall, in February there were 4,015 fewer homes available and 240 fewer homes sold in February 2013 as compared to February 2012.

• Overall in Orange County, an incredible 87% of the supply of the homes available in February 2013 sold; compared to 42% in 2012. During the month of February 2013, there were 3,235 homes available and 2,822 homes sold.


table of contents

949.233.9406800.955.7356

Market Summary | February 2013

Orange County 3

Tustin 92780 7

North Tustin 92705 9

Tustin Ranch 92782 11

North Santa Ana 92706 13

Santa Ana 92707 15

Anaheim Hills 92807 17

Anaheim Hills 92808 19

Villa Park 92861 21

Orange 92865 23

Orange 92866 25

Orange 92867 27

Orange 92868 29

Orange 92869 31

Irvine 33

Yorba Linda 92886 35

Yorba Linda 92887 37

Market Share Charts 39

5


tustin

949.233.9406800.955.7356


•Comparing February 2012 to February 2013, pended sales were down 7.7% over a year ago and homes available decreased by 67.2%

•Closings were down 25% over a year ago


•Compared to a year ago, the average price per square foot increased from $229 to $267

•The sold/list price differential was 2%

92780


north tustin

949.233.9406800.955.7356


92705

•Comparing February 2013 to February 2012, pended sales were up 18.2% over a year ago, while homes available were down by 34%






tustin ranch

949.233.9406800.955.7356


92782

•Comparing February 2013 to February 2012, pended sales were down 22.5%, while homes available are down 62.7%

•Closings were down 15% over a year ago

•Months of Inventory/Closings (1.5 months) and Months of Inventory/Pended Sales (0.8 months) indicate a low supply and high demand

•The average price per square foot has decreased slightly from a year ago from $311 to $316



north santa ana

949.233.9406800.955.7356


92706

•Comparing February 2013 to February 2012, pended sales were down 36.4%, while homes available were down 35.6%

•Closings were down by 40% over a year ago

•Months of Inventory/Closings (2.4 months) and Months of Inventory/Pended Sales (2.1 months)




santa ana

949.233.9406800.955.7356


92707


•Closings were down by 48%

•Months of Inventory/Closings (2.3 months) and Months of Inventory/Pended Sales (0.9 months) indicate an extremely low supply of homes in the market

•The average price per square foot increased from $208 to $238



anaheim hills

949.233.9406800.955.7356


92807

•Comparing February 2013 to February 2012, pended sales are up 4.9%, while homes available were down 58.4%

•Closings were exactly the same as a year ago


•The average price per square foot has increased from a year ago from $221 to $261



anaheim hills

949.233.9406800.955.7356


92808

•Comparing February 2013 to February 2012, pended sales were down 3.4%, while homes available were down 58%


•Months of Inventory/Closings (1.9 months) and Months of Inventory/Pended Sales (1 month) indicate a low supply and high demand




villa park

949.233.9406800.955.7356


92861

•Comparing February 2013 to February 2012, pended sales were down 14.3%, while homes available increased by 17.6%

•Closings were up by 700% over the year prior


•The average price per square foot increased to $261



orange

949.233.9406800.955.7356


92865

•Comparing February 2013 to February 2012, pended sales were up 120%, while homes available were down 68.2%

•Closings were down by 58.3% over a year ago





orange

949.233.9406800.955.7356


92866

•Comparing February 2013 to February 2012, pended sales were up by 30%, while homes available were down 33.3%



•The average price per square foot increased from a year ago from $247 to $300



orange

949.233.9406800.955.7356


92867


•Closings were down by 20% over a year ago


•The average price per square foot decreased from $239 to $270



orange

949.233.9406800.955.7356


92868

•Comparing February 2013 to February 2012, pended sales were down 5.9% for the month, while homes available were down 61.3%

•Closings were down by 41.7% year over year


•The average price per square foot increased from a year ago from $217 to $274

•The sold/list price differential was non-existent as homes sold for an average of 3% over list price


orange

949.233.9406800.955.7356


92869

•Comparing February 2013 to February 2012, pended sales were down 26.7% and homes available were also down 49.5%

•Closings were down 52%


•The average price per square foot has increased from a year ago from $238 to $265



irvine

949.233.9406800.955.7356


•Comparing February 2013 to February 2012, pended sales were up 6.7%, while homes available were down by 64%

•Closings were down by 9.2%


•The average price per square foot increased year over year from $336 to $390



yorba linda

949.233.9406800.955.7356


92886

•Comparing February 2013 to February 2012, pended sales were up by 27.7%, while homes available were down by 54%

•Closings were down 41.2%


•The average price per square foot has increased from $248 to $274



yorba linda

949.233.9406800.955.7356


92887


•Closings were down 34.6% compared to a year ago

•Months of Inventory/Closings (1.6 months) and Months of Inventory/Pended Sales (1.1months) indicate an extremely low supply of homes in the market




proven leaders in North Tustin

949.233.9406800.955.7356


proven leaders in North Tustin

Feb 2013 - 92705 (Last 12 months - $0-No Limit)Company Total Sales in $,000Seven Gables Real Estate 118,690First Team 80,385Prudential CA 23,761North Hills 21,974CB Residential 19,149

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000


First Team Prudential CA North Hills CB Residential

$118,690

$80,385

$23,761 $21,974 $19,149

All reports are published March 2013, based on data available at the end of February 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

Feb 2013 - 92705 (Last 12 months - $1mil-No Limit)Company Total Sales in $,000Seven Gables Real Estate 59,299First Team 28,340Prudential CA 10,063CB Residential 9,181North Hills 6,949

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000


First Team Prudential CA CB Residential North Hills

$59,299

$28,340

$10,063 $9,181 $6,949


92705$0 - No Limit

Feb 2012 - Feb 2013Total Sales in $,000

92705$1Million - No Limit



luxury leaders in our markets

949.233.9406800.955.7356


92705 • 92706 • 9278092801 • 92802 • 92807

Feb 2013 - Our Markets (Last 12 months - $1mil-No Limit)Company Total Sales in $,000Seven Gables Real Estate 75,168First Team 30,210Prudential CA 17,025CB Residential 10,461North Hills 6,949

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000


First Team Prudential CA CB Residential North Hills

$75,168

$30,210

$17,025

$10,461 $6,949


Our Markets$1Million - No Limit



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





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




David Oh, Esq.Broker Associate | LIC# [email protected]

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Real Estate Market Summary: February 2013

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