SELLERS MARKET IN PLACENTIA CA DUE TO ULTRA LOW INVENTORY OF HOMES FOR SALE
Real estate listings have fallen to an unbelievably low level in Placentia, California. As of the end of December 2012, the number of homes for sale in Placentia had dropped by 30%, when compared to the previous month, and had plummeted by a staggering 71.1% compared to the number of listings in January. This unprecedented low level of real estate listings continues to cause bidding wars on desirable properties and is pushing home prices up in Placentia. As of now, it is definitely a seller's market in Placentia, California.
Active Real Estate Listings in Placentia CA = 28
Highest and Lowest Priced Real Estate Listing in Placentia CA
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Lowest priced property for sale in Placentia, CA - $142,800.00
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Highest priced property for sale in Placentia, CA - $739,000.00
Placentia CA Active Real Estate Listings By Property Type:
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23 Single Family Residence
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5 Condo/Townhouse
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0 Other (Land, Mobile Home, Mixed Use Property, etc...)
Placentia CA Active Real Estate Listing By Sales Type:
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20 Standard
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3 REO*
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4 Short Sale**
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1 Other (Relocation Sale, Probate Sale, Flip, etc...)
Placentia CA Active Real Estate Listings By Price Range:
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7 Placentia CA properties priced above $500,000.00
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21 Placentia CA properties priced at or below $500,000.00
PENDING HOME SALES DECLINE BETWEEN NOVEMBER AND DECEMBER 2012
Although pending home sales fell 15.7% between the end of November and December 2012 in Placentia, they remained 10.9% higher than the number of pending real estate sales documented in January. It's also important to note that real estate activity typically drops off at this time of year, as buyers become less aggressive in their search, and sellers prefer to place their listings on hold over the holiday season.
Placentia CA Properties In Pending And Back Up Status = 91
Pending Placentia CA Properties By Sales Type:
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28 Standard
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4 REO*
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57 Short Sale**
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2 Other (Relocation Sale, Probate Sale, Flip, etc...)
PLACENTIA CA REAL ESTATE SALES INCREASE AT THE END OF 2012
Real estate sales increased slightly in Placentia, California. Although the month over month jump in sales was only 4.5%, an increase in activity is atypical for this time of year, and is a very positive sign for the real estate market. Additionally, when compared to January's sales figures, the number of real estate sales in December 2012 were 53.3% greater.
Placentia CA Properties Sold in December 2012 = 46
Placentia CA Properties Sold By Sales Type:
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31 Standard Sales
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3 REO Sales*
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11 Short Sales**
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1 Other (Relocation Sales, Probate Sales, Flip, etc...)
Highest and Lowest Real Estate Sales in Placentia CA in December 2012:
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Lowest Placentia, CA real estate sale - $126,000.00
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Highest Placentia, CA real estate sale - $880,000.00
What Home Buyers Got For Their Money in Placentia CA in December 2012?
For $126,000.00 you could have purchased a condo in Placentia, California with the following features and amenities:
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2 Bedrooms
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2 Baths
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929 SF
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Built in 1975
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No Information Provided Regarding Interior Condition
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Tenant Occupied
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Ineligible for FHA Financing
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Standard Sale
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No Information Regarding Financing
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Placentia Yorba Linda Unified School District
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Located in the Cinnamon Tree Complex
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92870 Zip Code
For $880,000.00 you could have purchased a house in Placentia, California with the following features and amenities:
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4 Bedrooms
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3 Baths
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2,800 SF
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26,355 SF Lot
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3 Car Attached Garage + Motorhome Garage With Dump Station
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Built in 1978
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Upgraded Throughout
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Solar Heated Pebble Tech Pool and Spa
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Standard Sale
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Conventional Financing
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Placentia Yorba Linda Unified School District
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Located on the Border of Yorba Linda
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92870 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 Jan 3rd & Jan 28th, 2013.
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