Living in La Habra ~ Orange County CA La Habra Home Sales Report August 2009 ~ 
So what's happening in the La Habra real estate market today? A whopping 81% of all closings for the month were identified at *distressed sales.
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 August 2009.
Single Family Home Sales Activity for August:
- 71 homes were for sale, up from 66 last month, and compared to 2/90/120/136/128/153/180/129/149/153/182 previously
- 41 pending sales in escrow during the month, and compared to 40/43/41/26/30/36/20/19/34/24/18/25/34/37 pending sales.
- 23 homes closed in August down slightly from 28 last month and compared to 39/28/41/30/42/14/25/26 in prior months.
- $407,000 was the average closed sales price, up slightly from the last two months, average size of 3 bedrooms 2 baths and 1,628 square feet, with an average 56 days on the market.
- 74% of the closings were identified as single family distressed sales, either short sales, in the process of foreclosure or bank repos, up from 48% & 58% for the past two months.
- Final sales price was 100% of the original asking price, and 101% of the final asking price.
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Condo Sales:
- 33 condo/townhomes were for sale, slightly more than last month (which was the lowest number for 2009) and compared to 40/36/50/56/65/63/65/71/72/63/82 previously.
- 23 pending sales (in escrow) in August and compared in 20/20/9/7/18/7/6/12/23/11/6/5 for prior months.
- 14 closed, compared to 19/15/11/18/8/11/10/3/8in prior months.
- $183,000 was the average closed price.
- ALL but one the condo sold in August was identified as a distressed sales, i.e. short sales, in the process of foreclosure or bank repos, compared to 78% last month.
- The average condo size was 2 bedrooms and 2 baths at 963 square feet, with an average of 108 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 advanceof your home search. Once approved you normally have greater strength in negotiating prices. With declining inventory we've been seeing multiple offers on the same home. Do yourself a favor, get pre-approved!
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. 81% (including both single family homes and condos) of the closings in August were identified as distressed sales.
Sellers, 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 Broker's License #00-402040.
*Distressed sales include short sales, bank owned properties (referred to REO's), others may be sellers in arrears or where a Notice of Default has been filed.
~ Data Source: So Cal MLS
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