VILLA PARK HOME VALUES RISING
There was a slight drop in the number of homes for sale in Villa Park, California, on a month to month basis. The inventory of Villa Park real estate listings has changed very little over the past year, and the inventory level in March 2013 was almost identical to the number documented one year ago. Due to the desirability, and the incredibly low inventory of homes for sale in Villa Park, this area remains very stable, and home values are slowly rising.
Active Real Estate Listings in Villa Park CA = 19
Highest and Lowest Real Estate Listing in Villa Park CA:
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Lowest priced property for sale in Villa Park, CA - $699,000.00
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Highest priced property for sale in Villa Park, CA - $2,888,888.00
Villa Park CA Active Real Estate Listings By Property Type:
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19 Single Family Residence
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0 Condo/Townhouse
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0 Other (Land, Mobile Home, Mixed Use Property, etc...)
Villa Park CA Active Real Estate Listing By Sales Type:
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17 Standard
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1 REO*
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0 Short Sale**
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1 Other (Relocation Sale, Probate Sale, Flip, etc...)
Villa Park CA Active Real Estate Listings By Price Range:
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19 Villa Park properties priced above $500,000.00
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0 Villa Park properties priced at or below $500,000.00
PENDING HOME SALES UP IN MARCH 2013
Pending home sales rose 50% in Villa Park, between February and March 2013, but fell by 40%, when compared to the same month, in the previous year. The year over year drop can be attributed to the ultra low inventory of homes for sale in Villa Park, which is highly unusual for this time of year, as we typically see more sellers entering the market in the spring. Should the lack of inventory continue, we can expect to see little change in real estate sales activity, over the coming months.
Villa Park CA Properties In Pending And Back Up Status = 9
Pending Villa Park CA Properties By Sales Type:
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5 Standard
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2 REO*
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1 Short Sale**
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1 Other (Relocation Sale, Probate Sale, Flip, etc...)
STAGNANT REAL ESTATE SALES IN VILLA PARK CA
Villa Park real estate sales were stagnant on a month to month basis, and almost identical to the number posted in March of last year. This stagnation is a direct reflection of the limited number of properties for sale in the city.
In March 2013, the majority of real estate sales in Villa Park, California, closed at or below the original list price. Based on the current, local market conditions, this was most likely the result of overly aggressive pricing.
Villa Park CA Properties Sold In March 2013 = 8
Villa Park CA Properties Sold By Sales Type:
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8 Standard Sales
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0 REO Sales*
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0 Short Sales**
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0 Other (Relocation Sales, Probate Sales, Flip, etc...)
List Price Versus Sales Price In Villa Park Ca In March 2013
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2 Properties sold at list price
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5 Properties sold for less than list price
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1 Properties sold for more than list price
Highest and Lowest Real Estate Sales in Villa Park CA in March 2013
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Lowest Villa Park CA real estate sale - $704,000.00
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Highest Villa Park CA real estate sale - $2,100,000.00
What Home Buyers Got For Their Money in Villa Park CA in March 2013
For $704,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:
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3 Bedroom
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2.5 Baths
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2,124 SF
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8,625 SF Lot
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2 Car Attached Garage
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Built In 1971
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Upgraded Throughout
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Pool
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Standard Sale
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VA Financing
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Sold For Less Than The List Price Of $759,000.00
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Located Near Villa Park Elementary, On The Border Of Orange
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Orange Unified School District
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92861 Zip Code
For $2,100,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:
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5 Bedroom
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5.5 Bath
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6,218 SF
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23,647 SF Lot
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4 Car Attached Garage
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Built In 1999
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Highly Upgraded Throughout
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Game Room/Bonus Room
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Office With Built In Cabinetry And Wood Paneled Coffered Ceilings
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Rock Pool And Spa With Waterfall And Slide
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Entertainment Gazebo
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Built In BBQ Island With Refrigerator
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Catalina Island, Hills And City Light Views
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Standard Sale
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Conventional Financing
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Sold For Less Than The List Price Of $2,350,000.00
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Located In The Hills Of Villa Park
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Orange Unified School District
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92861 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 April 1 & April 15, 2013.
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