Coto De Caza Homes for Sale – What Happened in the Coto De Caza Real Estate Market in July 2012.
If you are considering buying or selling a home in the Coto De Caza real estate market, having the most current market information will help you to make the best decisions regarding Coto De Caza Homes for Sale. Coto De Caza is a beautiful equestrian and golf community located in South Orange County, and offers residents an easy living country lifestyle in the heart of the OC. Homes and condos are offered in a wide price range with an abundance of custom luxury estates available. It’s important to work with a Coto Realtor® who knows the market inside and out.
The Coto De Caza real estate market posted excellent results in July 2012 with 32 closed sales vs. 23 closed sales in July 2011 – a 39% increase! Buyer demand for Coto De Caza homes remains strong - as of August 6, 2012, 44% of the 149 available listings in Coto De Caza are currently under contract. At the current sales pace, there is slightly less than a 3 month supply of homes (83 active Coto De Caza MLS listings).
- For the month of July 2012 32 homes in Coto De Caza sold at an average final selling price of $914,169.
- The average original asking price of these homes was $942,550 – selling at 97% of list price.
- The range of final selling prices was from a low of $345,000 for a 2 bedroom condo to a high of $1,950,000 for a 6 bedroom 6000 sq ft luxury home (includes attached and detached homes).
- Of the 32 homes that sold, 20 Coto De Caza homes were standard equity sales and 12 were distressed sales – either short sales or bank owned foreclosures.
- July sold homes were on the market an average of 129 days, up from 112 days in July 2011. Keep in mind that this also takes into account distressed sales which were on the market an average of 206 days. Prices were down 12% vs. the previous July (on a price/sq ft basis). This is largely attributed to a higher percentage of distressed sales selling in July 2012 (37% vs. 20% in the previous year).
If you are looking to buy or sell Coto De Caza real estate it's important to be informed. Call us anytime at 949-500-0484 with any questions on buying or selling Coto De Caza homes.
Useful Resources for Coto De Caza Home Buyers:
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