FULLERTON REALTOR, FULLERTON REAL ESTATE, FULLERTON FORECLOSURES, FULLERTON FORCLOSURES, FULLERTON CONDOMINIUMS, FULLERTON RAYMOND HILLS HOMES, DOWNTOWN FULLERTON HOMES, FULLERTON AMERIGE HEIGHTS HOMES, FULLERTON  GOLDEN HILLS HOMES,

 (Below is a map of all homes for sale in Fullerton)

(BELOW IS A GRAPH INDICATING THE AMOUNT OF HOMES ON THE MARKET IN REALTION TO THE AMOUNT OF HOMES PURCHASED YTD- ORANGE COUNTY IS CURRENTLY AT 2 1/2 MONTHS OF INVENTORY )

The graph below shows Orange County home inventory over a one year time span (ytd). April of 2011 housing inventory was at 5 months (if no new homes went on the market all homes would be purchased in 5 months), which is a sign of a weak market. We are currently at 2 1/2 months worth of inventory for Orange county, which is a sign of a robust market. Buyers and sellers are at an impasse currently as most home owners are waiting for prices to rebound before selling. Conversely buyers are trying to avoid the inevitable increase in home prices. A considerable amount of home buyers are seeing homes with multiple offers selling above asking price.

If you've been thinking about buying OR selling a home give me a call for a free consultation @ (562) 833-4292!

Fullerton, CA, Real Estate Market Update  March  2012- Fullerton Realtor

Single Family Residence

Active Homes for sale: 151  (down from last month,156)

Homes In Backup Status (in escrow, taking backup offers) : 117 (UP from last month, 107)

Homes Withdrawn from the market: 3 (DOWN from last month, 4)

Closed Escrow: 65 (UP FROM  last month, 63)

Average Days on Market (DOM) : 77 (UP from last month, 75)

Highest Sales Price: $1,800,000 (up from last month, $2,299,000)

Lowest Sales Price: $184,900 (down from last month, $140,000)

Average Sales Price: $536,561 (up from last month, $468,622)

Condominiums

Active Condos for sale: 37 (DOWN from last month, 51)

Condos in Backup Status (in escrow, taking backup offers) : 53 (DOWN from last month,56)

Condos withdrawn from the market: 1 (UP from last month, 0)

Closed Escrows: 28 ( SAME AS  last month, 28)

Average days on market (DOM) : 131 (significantly UP form last month, 66)

Highest sales price: $490,000 (UP from last month, $409,000)

Lowest sales price:$85,000 (UP from last month, $57,500)

Average Sales Price :$244,181 (down from last month, $249,005)

The average days on market is holding steady at approximatly 2 1/2 months for homes that are priced well. This is significantly down from last years averages of 4-6 months.  It also appears that home buyers demand is exceeding supply in certain areas as the average days on market has been trending downward for the past few months. The market is currently saturated with first time home buyers taking advantage of record low interest rates and depressed home prices.

If you've been thinking about buying OR selling a home give me a call for a free consultation @ (562) 833-4292!

Source: Socal MLS

Information is not guaranteed