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San Juan Capistrano Home Sales - December 2012 Real Estate Prices Jump

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

Homes for Sale in San Juan Capistrano - What Happened in December 2012? The San Juan Capistrano real estate market showed strong overall results for December 2012 with prices surging 19% with 31 closed sales – slightly lower than last year’s sales volume of 34 closed sales. The month-to-month change volume was down slightly which was expected given the significantly reduced inventory of homes for sale in San Juan Capistrano! Buyer demand for San Juan Capistrano real estate continues to be high – as of January 14, 2013, 47% of all available listings in San Juan Capistrano are under contract.

 

Here are the highlights for the month of December:

 

San Juan Capistrano Real Estate31 homes in San Juan Capistrano sold at an average selling price of $729,612 – sales volume decreased 9% and sales prices increased by 19% over the previous year and averaged $276.35 per square foot.

 

• The average asking price of these homes was $779,692 – selling at 97% of list price. The minimal reduction in final selling price is yet another indication of the strength of the current market, and lack of available inventory. Look for this number to tighten even more in coming weeks as buyer demand for homes in San Juan Capistrano continues to exceed supply.

 

• Selling prices varied from $210,000 for a 3 bedroom condominium in Valle Pacifica which was a short sale to a high of $3,200,000 for a Starwberry Lane area estate offering 8 bedrooms and 8600 square feet (includes attached and detached homes).

 

• 20 of the 31 homes that sold were standard sales and 9 were distressed sales – either short sales or bank owned foreclosures. This continues the downward trend we are seeing in distressed home sales, with equity sales making up a larger share of the market. As prices continue to climb I anticipate a larger percentage of equity sellers coming to the market.

 

•December 2012 sold homes averaged just 74 days on market. This is down from 109 days on market in the previous year. Additionally, standard equity sales averaged just 62 days on market reinforcing the fact that we have a strong seller’s market in San Juan Capistrano.

 

 

 

Useful Search Options for San Juan Capistrano Home Buyers:

 

San Juan Capistrano Short Sales and Bank Owned Homes

 

San Juan Capistrano Homes for Sale

 

San Juan Capistrano Condos for Sale

 

San Juan Capistrano Home Sellers:

 

Whether you are looking to buy or sell a home in San Juan Capistrano, having the latest local information allows you to make good decisions when it comes to San Juan Capistrano real estate. San Juan Capistrano is a charming community made up of a large variety of neighborhoods where 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 – Broker Owner David Grbich is the #1 ranked real estate agent in San Juan Capistrano per ActiveRain. Call me anytime at 949-500-0484 with any questions on buying or selling San Juan Capistrano homes. I look forward to working with you!

 

 

If you are a San Juan Capistrano home owner looking to sell your home, be sure to read my recent article titled  Why NOW is The Perfect Time to Sell Your San Juan Capistrano Home”.

 

Posted by

 

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David Grbich | Broker - REALTOR® | 949-500-0484

DRE #01708749

 

 Please visit my website www.FindCARealEstate.com to Search Orange County Homes for Sale

 

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San Juan Capistrano Real Estate | San Juan Capistrano Homes

David Grbich is the Broker Owner of Ventana Coastal Properties, a leading real estate brokerage serving the needs of Orange County buyers and sellers. Orange County real estate experts serving Aliso Viejo, Costa Mesa, Coto De Caza, Dana Point, Huntington Beach, Irvine, Ladera Ranch, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Mission Viejo, Newport Beach, Newport Coast, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Talega, Tustin and surrounding areas.

 

 CDPE - Orange County Short Sale Agent

Comments (6)

John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Be wise and contact REALTOR David Grbich for all your San Juan Capistrano real estate needs.  Put David's real estate knowledge to work for you today.

Jan 14, 2013 01:09 PM
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

David, I enjoy seeing how other areas statistics compare to ours here in Southern Florida. Thank you for sharing the news.

Jan 14, 2013 07:32 PM
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience
David, excellent report for the December's real estate market in San Juan Capistrano. Buyers and sellers need to contact David for a more detailed smarter summary.
Jan 14, 2013 07:56 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

For sure David, if there was higher inventory in San Juan Capistrano the numbers would have been stronger, but in any event it looks like buyers are out and about and 2013 should be even a better year...

Jan 14, 2013 08:38 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Dave -- excellent market update for San Juan Capistrano --- here's to more inventory of well-priced and well-presented properties to sell in 2013 -- it certainly appears there are buyers waiting to live in this beautiful community.   

Jan 14, 2013 11:10 PM
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Hi John - thanks for the plug but I do agree that buyers and sellers are best served by a "local" realtor! Regards Dave

 

Hi Tom - I am sure your South Florida real estate sales are picking up this time of year - all the best. Dave

 

Hi Adrian - thanks - lots of neighborhood data as well that buyers and sellers are always welcome to inquire about. Regards Dave

 

Hi Larry/Sheila - I expect prices to continue to climb as inventory remains scarce. Sellers have a very unique selling opportunity right now! Regards Dave

 

Hi Michael - thanks - the San Juan Capistrano market could easily absorb 3 x the listings we have right now which would put is back to more normal levels - buyer demand is there. Regards Dave

Jan 15, 2013 12:18 AM