tustin ca: October 2013 Tustin CA Real Estate Market Report - 11/21/13 08:17 AM
Tustin CA Real Estate Sales Rise In October 2013
 
ACTIVE REAL ESTATE LISTINGS IN TUSTIN CA = 112

Highest and Lowest Priced Real Estate Listing in Tustin CA:
Lowest priced property for sale in Tustin, CA - $230,000.00 Highest priced property for sale in Tustin, CA - $1,949,500.00 Tustin CA Active Real Estate Listings By Property Type:
62 Single Family Residence 50 Condo/Townhouse 0 Other (Land, Mobile Home, Mixed Use Property, etc...) Tustin CA Active Real Estate Listing By Sales Type:
106 Standard 0 REO* 3 Short Sale** 3 Other (Relocation Sale, Probate Sale, etc...) Tustin CA Active Real Estate … (1 comments)

tustin ca: September 2013 Tustin CA Real Estate Market Report - 10/21/13 05:22 AM
HOMES SELLING ABOVE ASKING PRICE IN TUSTIN CA
In September 2013, the number of homes for sale in Tustin, California increased 16% month over month, and by nearly 66% when compared to one year earlier. Although Tustin real estate listings are up, inventory is still incredibly low, especially in contrast to the inventory levels seen throughout the foreclosure crisis. Tustin remains desirable with move up and first time home buyers due to the city's central location, excellent school district, and local amenities.
Pending home sales dropped 6.8% in Tustin, California, compared to the previous month, and declined more than 38% on a … (0 comments)

tustin ca: August 2013 Tustin CA Real Estate Market Report - 09/20/13 09:54 AM
LITTLE CHANGE IN THE TUSTIN REAL ESTATE MARKET
In August 2013, the number of homes for sale in Tustin, California were almost identical to the figure posted in the previous month. On a year over year basis, real estate listings increased more than 28%. However, even with the recent jumps, inventory is still incredibly low compared to the peak of this past real estate cycle, especially in the entry level price range of $500,000 and below. One factor contributing to the inventory shortage and price boosts, is the lack of distressed listings which  dominated the Tustin real estate market up until … (2 comments)

tustin ca: July 2013 Tustin CA Real Estate Market Report - 08/23/13 09:26 AM
MAJORITY OF TUSTIN CA HOMES SELL ABOVE ASKING PRICE IN JULY 2013
There was a 12.2% jump in the number of homes for sale in Tustin, California between June and July 2013, and the year over year increase was 26.2%. Although inventory has risen, and has reached its highest level since June of last year, the total number of Tustin real estate listings is still well below that of a typical balanced market. Home prices have also continued to increase as a result of this inventory shortage, and has helped to curb the number of foreclosure and short sale listings in … (0 comments)

tustin ca: June 2013 Tustin CA Real Estate Market Report - 07/25/13 02:06 AM
TUSTIN CA REAL ESTATE LISTINGS JUMP NEARLY 70 PERCENT
Month over month real estate listings jumped by nearly 70% in Tustin, California. However, the year over year stats showed a decrease of 23.8% in the number of homes for sale in Tustin, California, at the end of June 2013. Home prices have risen in Tustin over the past year, due to the low inventory level, and bidding wars that continue to take place.
Pending home sales fell 25.9% month over month in June, and by more than 40%, as compared to one year earlier. This was inevitable, given the shrinking inventory … (0 comments)

tustin ca: May 2013 Tustin CA Real Estate Market Report - 06/26/13 09:53 AM
LOW TUSTIN CA REAL ESTATE INVENTORY PUSHES SALES PRICES HIGHER 
Real estate listings rose to the highest level seen in 7 months. However, the number of homes for sale in Tustin, California in May, 2013 remained 40.4% lower than year ago levels. An increase in active listings is common at this time of year, and typically much greater than what we're experiencing in the market today. This leads me to believe that Tustin homeowners are reluctant to take on new, or increased debt, especially when you consider the recent upswing in real estate prices. 
Pending home sales were nearly identical in … (0 comments)

tustin ca: April 2013 Tustin CA Real Estate Market Report - 05/29/13 06:55 AM
TUSTIN CA REAL ESTATE SALES AND PRICES UP
Active real estate listings held steady month over month, but the number of homes for sale in Tustin, California fell by more than 50% when compared to one year earlier. The continued low inventory level, especially during this historical peak buying season, has pushed home prices higher in Tustin.
Although the number of closed sales shot up month over month and on a year over year basis, the majority of real estate sales in Tustin, California closed at or below the list price in April 2013. Based on the current, positive … (0 comments)

tustin ca: March 2013 Tustin CA Real Estate Market Report - 04/29/13 07:39 AM
DOUBLE DIGIT DROP IN TUSTIN CA REAL ESTATE INVENTORY
There was another month over month, double digit drop in inventory, as the number of homes for sale in Tustin, California fell 12% in March 2013. And, compared to one year ago, real estate listings have plummeted by nearly 62% in Tustin.  Although the total number of available properties has come down substantially in the past year, the massive reduction of distressed sales has had the biggest impact on the Tustin real estate market, particularly the 94.1% nose dive in short sale listings.
As long as the inventory shortage persists in, traditional … (0 comments)

tustin ca: February 2013 Tustin CA Real Estate Market Report - 03/15/13 03:05 AM
DISTRESSED LISTINGS PLUMMET 127 PERCENT IN TUSTIN CA
There was a slight increase in real estate listings, on a month to month basis. However, when compared to year ago levels, the number of homes for sale in Tustin had fallen by nearly 65%, at the end of February 2013.
Lack of inventory continues to create frustration for Tustin home buyers as bidding wars persist and have pushed home prices up, making it a seller's market in Tustin, California. There is a severe lack of entry level homes for sale in Tustin, as there are less than 2 dozen listings at … (0 comments)

tustin ca: January 2013 Tustin CA Real Estate Market Report - 02/15/13 02:23 AM
SHORT SALE LISTINGS SPIRAL OVER 98 PERCENT IN TUSTIN CA
There was little movement in the number of active real estate listings in Tustin, California, on a month to month basis. However, when compared to one year ago, the amount of homes for sale in Tustin had dropped by nearly 72% at the end of January 2013. Over the past year, the biggest shift has been seen in the short sale listing category, which spiraled 98.2% year over year.
The Tustin real estate market is very stable due to a steady demand for housing in the area and the extremely … (0 comments)

tustin ca: December 2012 Tustin CA Real Estate Market Report - 01/31/13 04:27 AM
DOUBLE DIGIT DROP IN TUSTIN CA REAL ESTATE LISTINGS
There was another significant, double digit drop in the number of homes for sale in Tustin, California, on a month to month basis; Real estate listings fell by more than 25% between the end of November and December 2012, and as compared to January, the number of homes for sale in December had plunged 70.4%. The lack of available inventory, especially entry level properties of $500,000 or less, continues to incite bidding wars. This, of course, is the primary cause of the increase in real estate prices in Tustin, California.
Active Real … (2 comments)

tustin ca: November 2012 Tustin CA Real Estate Market Report - 12/13/12 06:57 AM
REAL ESTATE LISTINGS STAGNANT MONTH OVER MONTH IN TUSTIN CA
Month over month there was no movement in the number of real estate listings in Tustin, California. However, since January, the number of available homes has spiraled by more than 60%, with the bulk of the decline occurring in the number of active short sales in Tustin.
Due to the continued low inventory level and a healthy demand for housing, home prices have increased slightly in Tustin, California, as multiple offers and overbids persist.
Active Real Estate Listings in Tustin CA = 66
Highest and Lowest Priced Real Estate … (0 comments)

tustin ca: October 2012 Tustin CA Real Estate Market Report - 11/10/12 09:32 AM
MULTIPLE OFFERS AND QUICK REAL ESTATE SALES NOW COMMON IN TUSTIN CA
There was a slight decrease in the already low number of homes for sale in Tustin, California from September to October, 2012. This gradual, yet continual drop has left active listings at 60.2% of the number of available listings documented in January.
The lack of inventory, especially distressed listings that usually sell at a discount, has caused Tustin real estate prices to increase throughout 2012. Multiple offers are now common and expected, and Tustin properties that are priced at or below market value are typically pending within a matter … (0 comments)

tustin ca: September 2012 Tustin CA Real Estate Market Report - 10/09/12 10:58 AM
INCREASED DEMAND AND LOW INTEREST RATES CAUSE AN UPTICK IN TUSTIN CA HOME PRICES
The already low inventory of homes for sale in Tustin, California, continued to decrease, with a drop of 10.2% from August to September 2012. Additionally, the number of available homes posted at the end of September was almost 58% below the figure documented at the end of January 2012. The massive decrease in real estate listings is the result of fewer distressed properties coupled with a major increase in home buyer demand in Tustin, California, which has been spurred by ultra low interest rates and a recent … (0 comments)

tustin ca: August 2012 Tustin CA Real Estate Market Report - 09/07/12 10:51 AM
TUSTIN CA HOMES ABOVE $500,000 MOST POPULAR IN AUGUST 2012
There was a slight month to month decrease in active real estate listings in Tustin, California, from July to August 2012. This trend has been prevalent throughout 2012 and has created a significant shortage in houses and condos for sale in Tustin. In fact, real estate listings have dropped by more than 53% since January, which is forcing Tustin home buyers to compete with multiple offers and overbids on desirable properties. Surprisingly, homes listed above $500,000 were most popular in Tustin, California, in August. The number of houses and condos for … (0 comments)

tustin ca: July 2012 Tustin CA Real Estate Market Report - 08/15/12 04:10 AM
TUSTIN CA REAL ESTATE LISTINGS FALL ANOTHER 23% IN JULY 2012
The number of active real estate listings in Tustin, California dropped 23% month over month, and have fallen by nearly 52% since January 2012. The decrease was seen throughout all price ranges, and across all listing types, with drops in Tustin short sale listings and foreclosure listings of 41.1% and 50% respectively.
Home buyers continued to compete with each other for desirable houses and condos for sale in Tustin, California in July 2012. Multiple offers are prevalent in Tustin, which is placing a bit of upward pressure on home … (0 comments)

tustin ca: June 2012 Tustin CA Real Estate Market Report - 07/16/12 07:14 AM
REAL ESTATE INVENTORY UP IN TUSTIN CA BUT STILL INCREDIBLY LOW
The number of homes and condos for sale in Tustin, California increased 16.8% month over month, from May to June 2012. However, the total number of active listings in Tustin is still extremely low, and is 37.3% lower than the number showing at the end of January of this year. In addition, the majority of Tustin real estate inventory is comprised of single family homes listed at or above $500,000. This has left entry level buyers with very little to choose from, has caused multiple offer scenarios on desirable properties, … (2 comments)

tustin ca: May 2012 Tustin CA Real Estate Market Report - 06/05/12 08:54 AM
Tustin CA Real Estate Market Report
For The Month Of May 2012 
 
TUSTIN CA DISTRESSED REAL ESTATE LISTINGS DECLINE 72%
May 2012 marked the 5th consecutive month of decreased inventory of homes and condos for sale in Tustin, California. In fact, the real estate inventory in Tustin stands at only 53.6% of what it was at the end of January, signaling market stabilization in this Orange County, California city. It also appears that buyers have picked off the majority of foreclosure and short sale listings in Tustin; The inventory of distressed homes and condos for sale in Tustin has plummeted … (0 comments)

tustin ca: April 2012 Tustin CA Real Estate Market Report - 05/06/12 07:38 AM
Tustin CA Real Estate Market Report
For The Month Of April 2012
 
REAL ESTATE LISTINGS DECLINE FOR 4 STRAIGHT MONTHS IN TUSTIN CA
The Tustin real estate market is showing some signs of improvement, as the number of active Tustin, California real estate listings decreased for the fourth consecutive month. Another statistic that provides hope of a Tustin real estate recovery is the decrease in the number of short sale properties for sale in Tustin, California. This number dropped sharply from the March real estate figures due to the fact that nearly 3 times more short sale listings went under contract … (0 comments)

tustin ca: March 2012 Tustin CA Real Estate Market Report - 04/06/12 03:02 AM
Tustin CA Real Estate Market Report
For The Month Of March 2012 
 
ACTIVE REAL ESTATE LISTINGS IN TUSTIN CA = 115
Lowest priced property for sale in Tustin, CA - $139,900.00 Highest priced property for sale in Tustin, CA - $3,500,000.00 Tustin CA Active Real Estate Listings By Property Type:
83 Single Family Residence 32 Condo/Townhouse 0 Other (Land, Mobile Home, Mixed Use Property, etc...)
Tustin CA Active Real Estate Listing By Sales Type:
84 Standard 9 REO* 51 Short Sale** 1 Other (Relocation Sale, Probate Sale, etc...)
Tustin CA Active Real Estate Listings By Price Range:
59 … (0 comments)

 
Momentum Realty, Orange County CA Real Estate Agent (North Orange County CA Real Estate Specialists)

Momentum Realty

Orange County CA Real Estate Agent

Yorba Linda, CA

More about me…

North Orange County CA Real Estate Specialists

North Orange County and Riverside County California Real Estate Sales: Anaheim Hills - Brea - Corona - Fullerton - Norco - North Tustin - Orange - Placentia - Tustin - Villa Park - Yorba Linda


Links

Archives

RSS 2.0 Feed for this blog