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Placentia, California ~ Real Estate Market Update ~ June 2007

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

Real Estate Report ~ Placentia Market Activity Update for June 2007

The City of Placentia is a residential community in Northern Orange County, CA.  This report is intended to be a simple overview of real estate activity in June 2007.

Single familyhomes in the City of Placentia range from a low of $425,000 for a 2 bedroom 1 bath, 775 square feet, and a high price of $2,500,000 for a unique 3 bedrooms 4 bath vintage home (built 1913) with 5,684,000 square feet.

Condo pricing currently begins at $250,000 for a 2 bedrooms/2 bath, 929 square feet, to $869,000, for 4 bedrooms 3½ baths, 2,500 square feet.

Single family activity for June:

  • 161 re-sale homes currently for sale in the $425,000 to $2,500,000 price range.
  • 21 homes sold and went into escrow.
  • 16 closed sales.
  • 33 homes off market properties, listings expired, withdrawn for cancelled  for the month of June.

Condo/townhome activity for May:

  • 86 condos/town homes currently for sale from $250,000 to $869,000.
  • 9 properties went in to into escrow for the month.
  • 6 closed sales.
  • 29 homes off market, listings expired, withdrawn or cancelled for June.

June Recap as compared to the prior month of May: Inventory up significantly.  

Source: Southern California Multiple Listing Service, information deemed reliable but not guaranteed.

PHBFor real estate information in Placentia, CA  contact Lynda Eisenmann,  Broker-Owner ~ Preferred Home Brokers  714 595-1494.

 

Comments(2)

Rita Taylor
None - Sanford, NC
Sanford NC Real Estate - Homes for Sale in Sanford North Carolina

Lynda,

Has the increased inventory affected sale prices in Orange County? 

Jul 12, 2007 11:50 AM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Rita, Thanks for the visit. To answer your question in one simple word, YES. It's just the opposite of the past 5-7 years (like many other areas) that's one of the reasons it's taking the sellers a while to fully understand the market cycle we're in right now. I've seen it myself about once in every 10 years. From my perspective, r.e. is such a positive investment 8 out of 10 years on average (and obviously in the long-run). For us this began last spring, so I think we have room for improvement in the near future.

 

Jul 13, 2007 09:08 AM