949.415.8684 Seven800.955.7356 Gables Real Estate
market summary june 2013
Terese O’Dell | Teresa Springer 949.415.8684 | sevengables.com 800.955.7356 www.TnT4homes.com Market Summary | June 2013
REAL
ESTATE
Seven TnT4Homes Gables Real Estate
orange county
800.955.7356 949.415.8684
• Comparing June year over year, pended sales were down less than 1% over a year ago, while homes available for buyers were also down 17.4% • Closed sales were down 1.5% over a year ago • The effect of increased listings and a steady level of pended sales, also known as supply and demand, is clearly illustrated in the Months of Inventory/Closed Sales (1.6 months) and Months of Inventory/Pended Sales (1.5 month). Generally, in a balanced market the Months of Inventory would be 5-6 months. Using the balanced market figures as a benchmark, it is clear that the inventory of homes remains near all-time lows • Compared to a year ago, the average price per square foot was up 18% • The differential percentage was actually better than a year ago. The 1% 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 and also indicates the low level of homes for sale • Overall, the supply of homes has increased but remains near all-time low levels and pended sales have increased significantly. Although, a trend maybe developing as the last six months have shown month over month an increase in homes for sale. In fact, there were 4,574 listings in June and that represents the highest number in 9 months. If the current trend continues, we expect the local markets to continue to appreciate but at a slower rate. Overall, in June there were 1,176 fewer homes available and 465 more homes sold in June 2013 as compared to June 2012. Overall in Orange County, 86.8% of the supply of the homes available in June 2013 sold
Market Summary | June 2013
3
Seven TnT4Homes Gables Real Estate
table of contents
800.955.7356 949.415.8684
Orange County
3
Tustin 92780
7
North Tustin 92705
9
Tustin Ranch 92782
11
North Santa Ana 92706
13
Anaheim Hills 92807
15
Anaheim Hills 92808
17
Villa Park 92861
19
Orange 92865
21
Orange 92866
23
Orange 92867
25
Orange 92868
27
Orange 92869
29
Irvine
31
Yorba Linda 92886
33
Yorba Linda 92887
35
Market Share Charts
37
Market Summary | June 2013
5
Seven TnT4Homes Gables Real Estate
tustin
800.955.7356 949.415.8684
92780 • Comparing June 2012 to June 2013, pended sales increased by 17.9%, and the number of homes available also increased by 30% • Closed sales were up 112% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in the Months of Inventory/Closed Sales (1.1 months) and Months of Inventory/Pended Sales (1.2 months) • Compared to a year ago, the average price per square foot has increased from $233 to $284 • The difference between the list price and the eventual sale price was 0%
Market Summary | June 2013
7
Seven TnT4Homes Gables Real Estate
north tustin
800.955.7356 949.415.8684
92705 • Comparing June 2012 to June 2013, pended sales decreased by 2.4%, while homes available were also down 33.7% • Closed sales were up 22.6% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings Sales (1.7 months) and Months of Inventory/Pended Sales (1.6 month) • Compared to a year ago, the average price per square foot has increased from $268 to $320 • The difference between the list price and the eventual sales price was 4%
Market Summary | June 2013
9
Seven TnT4Homes Gables Real Estate
tustin ranch
800.955.7356 949.415.8684
92782 • Comparing June 2013 to June 2012, pended sales were down 20.5%, while homes available were also down 41.2% • Closed sales were up 25% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (0.9 months) and Months of Inventory/Pended Sales (1.3 months) indicate a low supply and high demand • The average price per square foot has increased slightly from a year ago from $316 to $357 • The difference between the list price and the eventual sales price was 0%
Market Summary | June 2013
11
Seven TnT4Homes Gables Real Estate
north santa ana
800.955.7356 949.415.8684
92706 • Comparing June 2013 to June 2012, pended sales were down 21.7%, while homes available were also down 15.2% • Closed sales were down 50% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.9 months) and Months of Inventory/Pended Sales (1.6 months) • Compared to a year ago, the average price per square foot increased from $230 to $293 • The difference between the list price and the eventual sales price was 1%
Market Summary | June 2013
13
Seven TnT4Homes Gables Real Estate
anaheim hills
800.955.7356 949.415.8684
92807 • Comparing June 2013 to June 2012, pended sales were down 8.9%, while homes available were also down 31.3% • Closed sales were up 27% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.2 months) and Months of Inventory/Pended Sales (1.4 months) indicate a low supply and high demand • The average price per square foot has increased from a year ago from $254 to $290 • The difference between list price and the eventual sales price was 0%
Market Summary | June 2013
15
Seven TnT4Homes Gables Real Estate
anaheim hills
800.955.7356 949.415.8684
92808 • Comparing June 2013 to June 2012, the number of pended sales were up 15.2% over a year ago, while homes available were down 37.1% • Closed sales were down 8.8% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.3 months) and Months of Inventory/Pended Sales (1 month) indicate a low supply and high demand • The average price per square foot increased from $247 to $315 • The difference between list price and the eventual sales price was 1%
Market Summary | June 2013
17
Seven TnT4Homes Gables Real Estate
villa park
800.955.7356 949.415.8684
92861 • Comparing June 2013 to June 2012, pended sales were down 50%, while homes available also decreased by 25% • Closed sales were up 150% over the year prior • The effect of fewer listings and the pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (4.2 months) and Months of Inventory/Pended Sales (4.2 months) indicate a somewhat low supply and average demand • The average price per square foot decreased from $341 to $280 • The difference between list price and eventual sales price was 3%
Market Summary | June 2013
19
Seven TnT4Homes Gables Real Estate
orange
800.955.7356 949.415.8684
92865 • Comparing June 2013 to June 2012, pended sales were up 58.8%, and homes available also increased by 87.5% • Closed sales were up 5.6% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.6 months) and Months of Inventory/Pended Sales (1.1 months) indicate a low supply and high demand • The average price per square foot has increased from $229 to $291 • The difference between list price and eventual sales price was 0%
Market Summary | June 2013
21
Seven TnT4Homes Gables Real Estate
orange
800.955.7356 949.415.8684
92866 • Comparing June 2013 to June 2012, pended sales were down 13.3%, while homes available were up 18.8% • Closed sales were down 33.3% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (3.2 months) and Months of Inventory/Pended Sales (1.5 months) indicate a fairly low supply and high demand • The average price per square foot increased from a year ago from $288 to $353 • The difference between list price and eventual sales price was 1%
Market Summary | June 2013
23
Seven TnT4Homes Gables Real Estate
orange
800.955.7356 949.415.8684
92867 • Comparing June 2013 to June 2012, pended sales were down 8.7%, while homes available were also down 35.2% • Closed sales were down 2.8% over a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.3 months) and Months of Inventory/Pended Sales (1.1 months) indicate a low supply and high demand • The average price per square foot has increased from $261 to $299 • The difference between list price and eventual sales price was 2%
Market Summary | June 2013
25
Seven TnT4Homes Gables Real Estate
orange
800.955.7356 949.415.8684
92868 • Comparing June 2013 to June 2012, pended sales were down 38.5%, while homes available were also down 47.1% • Closed sales were down 31.2% year over year • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (0.8 months) and Months of Inventory/Pended Sales (1.1 month) indicate a low supply and high demand • The average price per square foot has increased from a year ago from $201 to $296 • The difference between list price and sold price was 2%
Market Summary | June 2013
27
Seven TnT4Homes Gables Real Estate
orange
800.955.7356 949.415.8684
92869 • Comparing June 2013 to June 2012, pended sales were down 12.2% and homes available were also down 4.8% • Closed sales were down 26.1% • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.8 months) and Months of Inventory/Pended Sales (1.4 months) indicate a low supply and high demand • The average price per square foot has increased from a year ago from $238 to $322 • The difference between list price and eventual sold price was 2%
Market Summary | June 2013
29
Seven TnT4Homes Gables Real Estate
irvine
800.955.7356 949.415.8684
• Comparing June 2013 to June 2012, pended sales were up 5%, while homes available were down by 4.4% • Closed sales were down 4% • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.7 months) and Months of Inventory/Pended Sales (1.6 months) indicate an extremely low supply of homes in the market • The average price per square foot increased year over year from $350 to $405 • The difference between list price and eventual sales price was zero
Market Summary | June 2013
31
Seven TnT4Homes Gables Real Estate
yorba linda
800.955.7356 949.415.8684
92886 • Comparing June 2013 to June 2012, pended sales were down by 16.7%, while homes available were also down by 17.7% • Closed sales were up 18.9% • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (1.7 months) and Months of Inventory/Pended Sales (1.8 months) indicate an extremely low supply of homes in the market • The average price per square foot has increased from $263 to $311 • The difference between list price and eventual price was 1%
Market Summary | June 2013
33
Seven TnT4Homes Gables Real Estate
yorba linda
800.955.7356 949.415.8684
92887 • Comparing June 2013 to June 2012, pended sales were up 85.7%, and homes available were also up by 24.5% • Closed sales were down 24% compared to a year ago • The effect of fewer listings and more pended sales (supply and demand) is clearly illustrated in Months of Inventory/ Closings (3.2 months) and Months of Inventory/Pended Sales (1.6 months) indicate an increasing supply of homes in the market with high demand • The average price per square foot has increased from $263 to $300 • The difference between list price and eventual sales price was 1%
Market Summary | June 2013
35
Seven TnT4Homes Gables Real Estate
proven leaders in North Tustin
800.955.7356 949.415.8684
June 2013 - 92705 (Last 12 months - $0-No Limit) Company Total Sales in $,000 Seven Gables Real Estate 137,886 First Team 92,941 Prudential CA 33,193 North Hills 28,587 CB Residential 19,065
$137,886 $140,000
92705
$120,000 $92,941
$100,000
$0 - No Limit June 2012 - June 2013 Total Sales in $,000
$80,000
$60,000 $33,193
$40,000
$28,587 $19,065
$20,000
$0
Seven Gables Real Estate
First Team
Prudential CA
North Hills
CB Residential
June - 92705 (Last 12July months $1mil-No Limit) All2013 reports are published 2013,- based on data available at the end of June 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 Company Total Sales in $,000 the Gables MLS or their members may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. COPYRIGHT (c) Seven Real Estate 72,870 TRENDGRAPHIX, Inc First Team 38,678 Prudential CA 15,711 North Hills 14,031 Surterre Prop 6,548
$80,000
92705
$72,870
$1Million - No Limit June 2012 - June 2013 Total Sales in $,000
$70,000 $60,000 $50,000 $38,678 $40,000 $30,000
$15,711
$20,000
$14,031 $6,548
$10,000 $0
Seven Gables Real Estate
First Team
Prudential CA
North Hills
Surterre Prop
All reports are published July 2013, based on data available at the end of June 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
Market Summary | June 2013
37
Seven TnT4Homes Gables Real Estate
luxury leaders
in our markets
800.955.7356 949.415.8684
92705 • 92706 • 92780 92801 • 92802 • 92807
June 2013 - Our Markets (Last 12 months - $1mil-No Limit) Company Total Sales in $,000 Seven Gables Real Estate 93,013 First Team 44,673 Prudential CA 37,513 North Hills 14,031 Keller Williams 9,480
$100,000
Our Markets
$93,013
$1Million - No Limit
$90,000
June 2012 - June 2013
$80,000
Total Sales in $,000
$70,000 $60,000 $44,673
$50,000
$37,513 $40,000 $30,000 $14,031
$20,000
$9,480
$10,000 $0
Seven Gables Real Estate
First Team
Prudential CA
North Hills
Keller Williams
All reports are published July 2013, based on data available at the end of June 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
Market Summary | June 2013
39
market summary
Seven TnT4Homes Gables Real Estate Seven Gables Real Estate
june june 2013 2013
Terese O’Dell
&
Teresa Springer
949.415.8684 www.TnT4homes.com info@TnT4homes.com 800.955.7356 | sevengables.com 800.955.7356 | sevengables.com BRE #01019480 • BRE #01901357 *All information presented is based on data supplied by the CRMLS or *All information presented is basedInformation on data supplied byreliable the CRMLS or its member associations/brokers. deemed but not its member associations/brokers. Information deemed reliable but based not guaranteed. TrendGraphix charts/reports are published July 2013, on guaranteed. TrendGraphix are published based on data available at the end ofcharts/reports June 2013. Neither the MLSJuly nor 2013, their members data at the end offor June Neither themaintained MLS nor their members are inavailable anyway responsible their2013. accuracy. Data by the MLS or are anyway responsible for their accuracy. Data maintained by the MLS or theirinmembers may not reflect all real estate activities in the market. their members(c) may not reflect all realInc. estate activities in the market. COPYRIGHT TRENDGRAPHIX, COPYRIGHT (c) TRENDGRAPHIX, Inc.
REAL REAL
ESTATE ESTATE