Placentia Real Estate Update - Market Conditions December 2009

By
Real Estate Agent with Foust Team Real Estate Sales, Master Certified Negotiation Expert DRE # 01400567

Placentia Real Estate Update - Market Conditions December 2009

 


In the Placentia, CA real estate market there are currently 63 active homes on the market for sale. Of these:
7 are under $300,000 9 are between $300,000 and $400,000 9 are between $400,000 and $500,000 20 are between $500,000 and $600,000 19 are between $600,000 and $700,000 6 are between $700,000 and $900,000 0 are over $900,000

In the past 2 months Placentia has had 63 home sales:
11 under $300,000 9 between $300,000 and $400,000 18 between $400,000 and $500,000 14 between $500,000 and $600,000 11 between $600,000 and $700,000 1 between $700,000 and $900,000
Right now there are 63 Placentia home in escrow with:
7 under $300,000 9 between $300,000 and $400,000 17 between $400,000 and $500,000 12 between $500,000 and $600,000 9 between $600,000 and $700,000 10 between $700,000 and $900,000
Placentia's real estate market is actually pretty consistent across all price points. Consistent for the area and time I suppose. The top selling markets and the ones that appear to be the hottest are those at the $400,000-$500,000 price point. The lower price point is strong as well but inventory is low so the amount of sales will be limited by this. That being said, it is still a market segment that is seeing multiple offers over list price.

Suprising though is the strenth of the $500,000-$600,000 price point. This mid level Placentia home value has actually had quite a few sales and appears strong from a surface glance. Of course, we all know the devil for any market is always in the details. As we are seeing across Orange County, the sales do slide off once we get over teh $600,000 price point but not quite as dramatically as we are seeing in other areas.

Our Tips
For Placentia home buyers - We are seeing quite a bit of opportunity in the $600,000+ price ranges. The bang-for-your-buck factor at this price point is fantastic!!
For Placentia CA homeowners - The timing is actually good for many people looking to move up into the middle and upper middle price ranges if they have some equity to sell. The theory being they can sell in a hot entry level market and buy for a discount in the upper level markets.
Feel free to browse the current Placentia homes for sale to get a feel for the current market. Posted by FOUST Team Real Estate Services at 5:22 PM 0 comments Links to this post Labels: ,

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