So what's happening in the La Habra real estate market today? Here's the scoop, this report will provide you an overview of La Habra homes sales activity as compared to prior months in La Habra for both single family homes and condo sales for July 2009.  

Single Family Home Sales Activity for July:

• 66 homes were for sale, up slightly from 62 last month, and compared to 90/120/136/128/153/180/129/149/153/182 previously  
• 40 pending sales in escrow during the month, slightly fewer than last month at 43, 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.
• 39 homes closed in July up from 28 last month and compared to 41/30/42/14/25/26 in prior months.  
• $388,653 was the average closed sales price for almost the same as last month, average size of 3 bedrooms 2 baths and 1,600 square feet, with an average 91 days on the market.
• 48% of the closings were identified as distress sales, either short sales, in the process of foreclosure or bank repos, compared to 58% last month.
• Final sale price was 95% of the original asking price, and 100% of the final asking price.  

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Condominium Sales Activity for July:

• 40 condo/townhomes were for sale, slightly more than last month (which was the lowest number for 2009) and compared to 36/50/56/65/63/65/71/72/63/82/83 previously.
• 20 pending sales (in escrow) month and compared in 20/9/7/18/7/6/12/23/11/6/5 for prior months.  
• 19 closed, the highest number for 2009 and compared to  15/11/18/8/11/10/3/8/10 in prior months.
• $215,999 was the average closed price compared to last two months of $189,000, $193,600 $207,800 respectively.
• 78% of the condo sales for July were identified as distressed sales, i.e. short sales, in the process of foreclosure or bank repos, compared to 64% last month.
• The average condo size was 2 bedrooms and 2 baths at 1,200 square feet, with an average of 61 days on the market. 

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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.

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

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. Roughly 63% of the closings in July were identified as distressed sales.

 Where would your buyer come from:

• 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
• Text or direct (714) 595-1494

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