Tustin Ranch, California ~ beautiful residential community located north and adjacent to Irvine.
This is part of The Irvine Ranch and was land preserve until creation of residential communtity in 1986 by The Irvine Company ~ with about 4,000 homes.
Buyer and investor demand for homes at TUSTIN RANCH, CA, has significantly increased recently.
There are now more homes under contract with pending escrow and backup (62 homes) as compared to only 51 homes active for sale at Tustin Ranch.
Increased buyer demand shown by recent sales and pendings is squeezing the regular for sale market at Tustin Ranch, so Realtors and agents simply don't have enough homes to show and sell.
Market saturation (absorption) ~ number of homes sold during past thirty days (17) as compared to current listings (62) ~ TUSTIN RANCH homes on the market should sell within 3.6 months. A balanced market would be 5 to 6 months, so Tustin Ranch is again a HOME SELLER'S MARKET.
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If you have questions about Tustin Ranch and Orange County real estate, please contact us.
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Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
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