DECREASING INVENTORY OF HOMES FOR SALE STILL TRENDING IN NORTH TUSTIN CA
The trend of decreasing inventory in North Tustin, California continued in September 2012. The number of North Tustin homes for sale fell by 10.5% on a month to month basis, and were 16.3% below the number posted in January.
Due to a lack of available homes for sale and little to no distressed inventory, real estate prices have stabilized in North Tustin, and multiple offers are widely anticipated on desirable properties.
Active Real Estate Listings in North Tustin CA = 51
Highest and Lowest Priced Real Estate Listings in North Tustin CA:
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Lowest priced property for sale in North Tustin, CA - $560,000.00
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Highest priced property for sale in North Tustin, CA - $3,395,000.00
North Tustin CA Active Real Estate Listings By Property Type:
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51 Single Family Residence
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0 Condo/Townhouse
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0 Other (Land, Mobile Home, Mixed Use Property, etc...)
North Tustin CA Active Real Estate Listing By Sales Type:
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46 Standard
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0 REO*
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2 Short Sale**
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3 Other (Relocation Sale, Probate Sale, Flip, etc...)
North Tustin CA Active Real Estate Listings By Price Range:
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51 North Tustin, CA properties priced above $500,000.00
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0 North Tustin, CA properties priced at or below $500,000.00
PENDING SALES UNCHANGED FROM AUGUST TO SEPTEMBER 2012
Pending real estate sales held steady from August to September 2012 in North Tustin, California, and remained 41.6% higher than the number of pending sales posted in January of this year.
North Tustin CA Properties In Pending And Back Up Status = 34
Pending North Tustin CA Properties By Sales Type:
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22 Standard
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0 REO*
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12 Short Sale**
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0 Other (Relocation Sale, Probate Sale, Flip, etc...)
REAL ESTATE SALES FALL BY MORE THAN 23% IN NORTH TUSTIN CA
Closed real estate transactions fell by more than 23% in North Tustin, California, between August and September 2012. However, the number of real estate sales in September still reflected a 100% increase over the numbers posted at the beginning of the year.
North Tustin CA Properties Sold in September 2012 = 16
North Tustin CA Properties Sold By Sales Type:
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14 Standard Sales
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0 REO Sales*
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1 Short Sales**
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1 Other (Relocation Sales, Probate Sales, Flip, etc...)
Highest and Lowest Real Estate Sales in North Tustin CA in September 2012
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Lowest North Tustin real estate sale - $510,000.00
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Highest North Tustin real estate sale - $2,750,000.00
What Home Buyers Got For Their Money in North Tustin CA in September 2012
For $510,000.00 you could have purchased a home in North Tustin, California with the following features and amenities:
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3 Bedroom
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2 Bath
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2,035 SF
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9,137 SF Lot
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Built in 1950
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2 Car Detached Garage
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Needs Updating
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Notice of Default Served
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Standard Sale
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Conventional Financing
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Tustin Unified School District
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92705 Zip Code
For $2,750,000.00 you could have purchased a home in North Tustin, California with the following features and amenities:
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5 Bedrooms
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7 Baths
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5,800 SF
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35,000 SF Lot
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3 Car Attached Garage
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Built in 1995
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Custom Built Home
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Gated Estate
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Upgraded Throughout
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Mother-In-Laws Quarters
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Pool and Spa
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Panoramic Hills, City Lights, Coastline and Catalina Island Views
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Located in the Lemon Heights area
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Standard Sale
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No Financing Info Provided
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Tustin Unified School District
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92705 Zip Code
*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which requires lender approval.
Information contained in this market report was compiled from available MLS data as of Oct 1st, 2012.
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