Foothill Ranch Homes For Sale - Real Estate Market Report for August 2010

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Real Estate Broker/Owner with Mission Viejo, Foothill Ranch, Lake Forest, Ladera Ranch BRE# 01274644

Foothill Ranch Homes For Sale - Real Estate Market Report for August 2010

Foothill Ranch Real Estate Market ReportThe Foothill Ranch community was built on land that formerly belonged to Jose Serrano's cattle ranch, El Rancho Canada de Los Alisos.  Serrano's ranch failed and was eventually sold by Los Angeles banker J.S. Slauson to Dwight Whiting in 1885. Whiting encouraged development by subdividing land, bringing the railroad through and planting olive trees and grape vineyards.  Whiting Ranch Wilderness park, also part of the former Rancho Canada de Los Alisos and adjacent to Foothill Ranch, still bears his name.

Up to date information on the local Foothill Ranch real estate market is vital for buyers and sellers to making informed decisions about buying and selling homes. Here is the August 2010 Foothill Ranch Real Estate Market Report:

 

Total

Detached

Attached

# Sold

14 (down 7%)

4 (down 50%)

10 (up 43%)

Average Price

$346,700   
(down 22%)

$624,975  
(up 1%)

$235,390
(down 3%)

Days on Market

130

74

152

Sale Price/List Price Ratio

99.7%

97.0%

100.8%


The ratio of attached homes sold to detached homes sold swung dramatically from July to August causing a sharp drop to the overall (detached and attached combined) average price; however detached homes average price experienced a slight increase while attached homes average price dropped by 3% from July to August.  The bulk of the attached homes sold were short sales which explains why the Sale Price/List Price Ratio is above 100%; the banks would not accept the offers tendered and countered higher.  Many buyers accepted these counter offers from the banks.

19 homes came on the market in Foothill Ranch during August.

There were 48 homes for sale in Foothill Ranch at the close of August.

8 homes in Foothill Ranch went in to pending sale status during August.

Find Homes For Sale In Foothill Ranch:

Foothill Ranch Short Sales & Bank Owned Homes  Foothill Ranch $150,000 or Less

Foothill Ranch $150,000 - $250,000  Foothill Ranch $250,000 - $350,000

Foothill Ranch $350,000 - $450,000  Foothill Ranch $450,000 - $550,000

Foothill Ranch $550,000 - $650,000  Foothill Ranch $650,000 - $750,000

Foothill Ranch $750,000 - $900,000  Foothill Ranch $900,000 - $1,000,000

Foothill Ranch $1,000,000 or More

Did You Know?  The "California Song" sculpture in Foothill Ranch expresses the harmony of nature with man and Foothill Ranch's concern for native wildlife. 

Posted by

OC Real Estate Solutions                                                            

by DAVE GUBLER| IML REAL ESTATE |  broker license #: 01274644

direct: 949 292 2763   |   office: 949 273 8923 
web: imlrealestate.com | blog: oc real estate solutions

Successes! 40 Homes Sold In The Last 12 Months: SOLD GALLERY

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