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San Juan Capistrano Homes Sales - Market Report for October 2012

By David Grbich

Real Estate Agent with Realty One Group - www.FindCARealEstate.com BRE# 01708749

November 09, 2012 11:56 PM

San Juan Capistrano Homes for Sale – What Happened in the San Juan Capistrano Real Estate Market in October 2012.

Ventana Coastal Properties If you are a buyer or seller in the San Juan Capistrano real estate market, having the latest local information allows you to make informed decisions regarding San Juan Capistrano Homes for Sale. San Juan Capistrano is a unique and charming community, and home prices can vary greatly from one neighborhood to the next. It’s important to work with a local San Juan Capistrano Realtor who knows the market inside and out.

The San Juan Capistrano real estate market posted solid results in October 2012 with 35 closed sales vs. 37 closed sales in October 2011 and 35 closed sales in September 2012 - a slight decrease year-to-year due largely to reduced inventories! Demand for San Juan Capistrano housing remains strong - as of November 10, 2012, 58% of the 165 available listings in San Juan Capistrano are under contract.

For the month of October 2012 35 homes in San Juan Capistrano sold for an average final selling price of $571,957 or $245.44/sq.ft – a 1% increase vs. October 2011.

The average original asking price of these homes was $581,802 – selling at 99% of list price and 96% of "original list price".

The range of final selling prices was from a low of $145,000 for a 2 bedroom condo in Capistrano Villa Apts to a high of $1,700,000 for a 7 bedroom 10,000 square foot home in The Acreage – both were short sales (includes attached and detached homes).

Of the 35 homes that sold, 20 were standard sales and 13 were distressed sales – either short sales or bank owned foreclosures.

October 2012 sold homes were on the market an average of 77 days, down from 118 days in October 2011. Standard Equity Sales were on the market an average of 68 days.

If you are looking to buy or sell San Juan Capistrano real estate it's important to be informed. Call us anytime at 949-500-0484 with any questions on buying or selling San Juan Capistrano Homes.

Useful Resources for San Juan Capistrano Home Buyers:

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Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Good Morning David,96 % of asking price, that is pretty good. I have seen some parts of the country that is still 90% of asking price. Have a great day!

Nov 10, 2012 12:06 AM

David Grbich

Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA

Orange County Real Estate - 949-500-0484

Hi Will - results here are actually 96% of "Original List Price" and 99% of "List Price" (just updated post to clarify) - once adjusted they sell very close to asking showing that buyer demand is high - more than 50% of listings are getting multiple offers. Hoping to see more equity sellers enter the market as demand far outpaces supply. Have a great weekend. Regards Dave

Nov 10, 2012 12:49 AM

Jon Kolsky

Kolsky Realty & Management - Long Beach, CA

Licensed California Real Estate Broker

David~ great information, I think we are very luck being in southern California, the housing market is really picking-up comparatively speaking....Thanks!

Nov 10, 2012 01:02 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

David, pretty impressive showing over half of the inventory is U/C, and only 68 days on market for regular sales. Great report!

Nov 10, 2012 01:38 AM

Hi Jon - thanks for the comments - agree that socal real estate is doing well - much less distress and buyers in the market. Just need much more supply! Regards Dave

Hi Joan - this is the story across most Orange County communities - prices edging up and very strong demand. Guessing Denver is also on the upswing. Regards Dave

Nov 10, 2012 01:52 AM

Adrian Willanger

206 909-7536 AdrianWillanger-broker.com - Seattle, WA

Profit from my two decades of experience

Hi David-good overview of October's real estate activity in San Juan Capistrano, you’ve made some key distinctions in your report that should be very helpful for both buyers and sellers entering the market.

Take care-Adrian

Nov 10, 2012 02:12 AM

Ginny Gorman

RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI

Homes for Sale in Southern RI and beyond

David, what a beautiful area of CA you live in and it is good to see great market reports from around the country...great news for sellers in San Juan Capistrano!

Nov 10, 2012 02:37 AM

Hi Adrian - Thanks for the comments - really a great time to a buyer or a seller of San Juan homes. Regards Dave

Hi Ginny - I am also seeing some strong reports in many areas - hope you are doing well and recovering from Sandy. Regards Dave

Nov 10, 2012 04:25 AM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Dave, That seems to be a large percentage of distressed sales. I am glad homes are moving regardless.

Nov 10, 2012 04:55 AM

Hi Debbie - distressed sales have pretty consistently been running at about 1/3 of all sales in the area over the past year - distressed inventory has dropped off significantly over the past few months and I would expect equity sales to be a larger share going forward. Have a great weekend. Regards Dave

Nov 10, 2012 05:00 AM

San Juan Capistrano Homes Sales - Market Report for October 2012

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