So what's happening in the La Habra real estate market today?

Here's the scoop: This report will provide you an overview of the residential real estate activity as compared to prior months in La Habra for both single family homes and condo sales for June 2009.  

If you're a home buyer or a home seller it's essential you have an understanding of today's real estate market when it comes to market conditions in pricing and inventory.

For Home Buyers:   It's important to begin the loan process in advance of your home search. Once approved you normally have greater strength in negotiating prices.

For Home Sellers:  It's about positioning vs. pricing. Getting ahead of others is crucial for a timely sale. That's right, pricing ahead of the competition, including foreclosures/bank owned properties. 60% of the closings in June were identified as distressed sales.

Single Family Home Sales Activity for June:

• 62 homes were for sale, the lowest number we've seen in a year, as you can see compared to 80/90/120/136/128/153/180/129/149/153/182/216 prior months.  
• 43 pending sales in escrow during the month, compared to 41 sixty days ago and compared to prior months of 26/30/36/20/19/34/24/18/25/34/37 pending sales.
• 28 homes closed in June down from 36 sixty days ago and compared to 41/30/42/14/25/26 in prior months.  
• $398,425 was the average closed sales price for June (compared to $362,800 sixty days ago) with an average size of 3 bedrooms 2 baths and 1,739 square feet, with an average 61 days on the market.
• 57% of the closings were identified as distress sales, either short sales, in the process of foreclosure or bank repos.
• Final sale price was 99% of the asking price.  

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Condominium Sales Activity for June:

• 36 condo/townhomes were for sale, also lowest number for 2009, and compared to  50/56/65/63/65/71/72/63/82/83 previously.
• 15 pending sales (in escrow) month and compared in 20/9/7/18/7/6/12/23/11/6/5 for prior months.  
• 15 closed, up from 10 sixty days ago compared to 11/18/8/11/10/3/8/10 in prior months.
• $189,100 was the average closed price (compared to last two months of $193,600 $207,800 respectively)
• 64% of the condo sales for June were identified as distress sales, i.e. short sales, in the process of foreclosure or bank repos.
• The average condo size was 2 bedrooms and 2 baths at 1,000 square feet, with an average of 109 days on the market. 

Over 60% of the closed sales for June 2009 in the City of La Habra were identified in the MLS as distressed sales. Meaning for the most part either short sales of bank repos.

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If you are thinking of selling your Orange County home consider this:

• 87% of all home buyers begin today with the Internet for their home search.
• 80% of Orange County is on-line.
• The average age in Orange County is 36 and I don't know of a "thirty something" person in Orange County who is not on line.
• For  the maximum on-line marketing exposure contact me Lynda@PreferredHomeBrokers.com

La Habra is well known for the lively Children's Museum,  click here to see more, on this fun place. We've been there many times ourselves with our family, it's always a great time for the kids of all ages.   If you're interested in learning more about La Habra check out Living in La Habra, and see why La Habra is a city with a heart.

Want to know more about La Habra 90631 Real Estate? Lynda@PreferredHomeBrokers.com, view Preferred Home Brokers and see why we're one of the longest established independent brokerages in Orange County under the same ownership.

CA Dept. of Real Estate License # 00-402040.

~ Data Source: So Cal MLS