INVENTORY UP AND SALES DOWN IN FULLERTON CA
Real estate listings hit an 18 month high, with the number of homes for sale in Fullerton, California jumping 11.7% between August and September 2013. And, although inventory is nowhere near the level experienced during the foreclosure crisis, Fullerton CA real estate listings did increase more than 58% on a year to year basis. This is due, in part, to the recent decrease in affordability; Interest rates and prices climbed higher, leaving some buyers unable to qualify for a home in Fullerton, which had been a favorite with first time buyers over the past several years. The spike in listings can also be attributed to the annual lull that we experience at the end of the summer buying season, as well as a surge in Fullerton homeowners that have regained lost equity, and either want or need to sell their property.
In September 2013, pending home sales fell 7.5% in Fullerton, California, on a month to month basis, and by 41% year over year. These drops were a direct reflection of the low inventory of homes for sale in Fullerton, in the past few months. However, we may begin to see pending real estate sales figures increase, as the low inventory trend appears to be reversing.
In September 2013, Fullerton real estate sales fell 33.1% month over month, and nearly 12% when compared to one year earlier. A decline in real estate sales is common between August and September of each year. However, the yearly drop is most likely the result of rising home prices and interest rates.
ACTIVE REAL ESTATE LISTINGS IN FULLERTON CA = 220
Highest and Lowest Priced Property in Fullerton CA
- Lowest priced property for sale in Fullerton, CA - $190,000.00
- Highest priced property for sale in Fullerton, CA - $3,650,000.00
Fullerton CA Active Real Estate Listings By Property Type:
- 166 Single Family Residence
- 52 Condo/Townhouse
- 2 Other (Land, Mobile Home, Mixed Use Property, etc...)
Fullerton CA Active Real Estate Listing By Sales Type:
- 206 Standard
- 0 REO*
- 7 Short Sale**
- 7 Other (Relocation Sale, Probate Sale, Flip, etc...)
Fullerton CA Active Real Estate Listings By Price Range:
- 145 Fullerton properties priced above $500,000.00
- 75 Fullerton properties priced at or below $500,000.00
FULLERTON CA PROPERTIES IN PENDING AND BACK UP STATUS = 148
Pending Fullerton CA Properties By Sales Type:
- 86 Standard
- 0 REO*
- 59 Short Sale**
- 3 Other (Relocation Sale, Probate Sale, Flip, etc...)
FULLERTON CA PROPERTIES SOLD IN SEPTEMBER 2013 = 81
Fullerton CA Properties Sold By Sales Type:
- 72 Standard Sales
- 2 REO Sales*
- 6 Short Sales**
- 1 Other (Relocation Sales, Probate Sales, Flip, etc...)
Highest and Lowest Real Estate Sales in Fullerton CA in September 2013
- Lowest Fullerton, CA real estate sale - $90,000.00
- Highest Fullerton, CA real estate sale - $1,200,000.00
What Home Buyers Got For Their Money in Fullerton CA in September 2013
For $90,000.00 you could have purchased acondo in Fullerton, California with the following features and amenities:
- Studio Unit
- 1 Bath
- 340 SF
- Built in 1984
- $225 HOA Dues
- Needs Updating
- Standard Sale
- All Cash Purchase
- Sold For The List Price Of $90,000
- Located Near Downtown Fullerton, In The Gated, 55 And Older Complex Called The Fountains
- Fullerton Joint Union School District
- 92832 Zip Code
For $1,200,000.00 you could have purchased ahome in Fullerton, California with the following features and amenities:
4 Bedrooms
- 4.5 Baths
- 3,700 SF
- 14,187 SF Lot
- 3 Car Attached Garage
- Built in 2002
- $180 HOA Dues
- Some Upgrades
- Bonus Room
- Built In BBQ Island
- Stacked Stone Pool And Spa
- Standard Sale
- Conventional Financing
- Sold For Less Than The List Price Of $1,249,000.00
- Located In North Fullerton, In The Gated Presidential Tract Of Homes
- Fullerton Joint Union High School District
- 92835 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 1 and Oct 10, 2013.
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