Anaheim CA Home Sales Real Estate Report 2011

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

When it comes to Anaheim, CA real estate, it's not only home to the famous mouse at the "Happiest Place on Earth" it's also home to a population of about 350,000 citizens in the heart of Orange County.Anaheim Real Estate Report 2011

Anaheim homes for sale in April 2011 shows that short sales listings far out weighed "standard sales" and more are expected throughout this year.

Single Family Homes

  • 60% of the current inventory of the single family detached homes in April 2011 were identified as short sales or bank repos. that number is down slightly from 64% two months ago.
  • 40% of single family homes for the same time period (as compared to 36% two months ago) were identified as "standard sales".

Condos/Attached Homes

  • 70% of condos for sale were either short sales or bank repos (almost the same as two months ago)
  • 30% were indentified as standard sales.

Comparing April 2010-2011 Single Family Detached Properties:

  • 2010 101 Closings ~ $370,600 Avg. Pr ~ $248.40 Sq. Ft. ~ 75 Days on Mkt
  • 2011 79   Closings ~ $340,300 Avg. Pr ~ $227.56 Sq. Ft. ~ 88 Days on Mkt

April 2010-2011 Condo Comparisons:

  • 2010 38 Closings ~ $255,800 Avg. Pr ~ $201 Sq. Ft. ~ 97   Days on Market
  • 2011 36 Closings ~ $253,500 Avg. Pr ~ $202 Sq. Ft. ~ 117 Days on Market

Anaheim was formerly known for wide open spaces including orange groves and strawberry fields which eventually gave way for development once Walt Disney help put the city on the map by creating Disneyland in the mid-1950's. Today it's a bustling community with continued growth including the Platinum Triangle near AngPreferred Home Brokers Orange County Real Estateel Stadium and the Honda Center.

Many of us who live in Orange County love what I call the friendly sounds of summer, 9:30 pm, you can set your clock by the Disney's celebration of fireworks nightly.

If you're selling your Anaheim home, check out my special home selling site, HomeSelling101.com for tips and home selling help. It's the place of "Virtual Learning for the Real Life World of Real Estate".

For home buyers or sellers check out home buying videos on inspections, contracts, disclosures, your final walk through & more. Then contact me Lynda@PreferredHomeBrokers text or direct (714) 595-1494. At Preferred Home Brokers, we've represented home buyers and sellers for 35 years.

-Data Source SoCal MLS & Does not include Anaheim Hills - CA Broker's License 00402040

 

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Rainer
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Elizabeth Byrne
Keller Williams Realty - Arlington, VA
Arlington Virginia Real Estate

Lynda, I hope Anaheim real estate market improves soon, and the number of short sales go down. Best wishes.

May 11, 2011 03:58 PM #1
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Lynda

This is a great overview and once again you demonstrate your knowledge of the market. It's not necessaily good news but it's the reality. And there are ways to deal with it.

Jeff

May 11, 2011 04:49 PM #2
Rainmaker
554,474
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Miss Elizabeth from beautiful Arlington, VA...thank you. Actually our maket is improving in many ways, especially for 1st-time home buyers.

Jeff ~ My friend on Carlsbad Real Estate, you never fail to amaze me how on top of things your are, thank you for the visit to the OC.

May 11, 2011 05:06 PM #3
Rainmaker
1,081,660
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Terrific work as usual with your timely reporting on the Aneheim Real Estate market Lynda!

May 12, 2011 12:42 AM #4
Rainmaker
289,024
Tina Maraj
RE/MAX One - Fullerton, CA
Celebrating 30 Years of Real Estate Sales

Hi Lynda,

This is great information on the housing market in the city of Anaheim. Thanks for posting.

May 12, 2011 04:44 AM #5
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Lynda I like the way you broke out the data for  Aneheim Real Estate in April.

Again it was a real pleasure speaking with you.  Enjoy the rest of the weekend.

May 14, 2011 02:48 PM #6
Rainmaker
832,819
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

So Cal Is my favorite place to live.. I plan on retiring there!! I lived really close to Anaheim in the late 80's

May 15, 2011 01:18 PM #7
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703,111
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Lynda, what a great recap of Anaheim CA home sales!  With so much of your inventory going to short sales anyone looking to buy a home in your area would be foolish not to call YOU and your team of professionals!  Your expertise in your market SHINES!
Pamela

May 16, 2011 04:12 AM #8
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Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

HI Lynda - this is a very good and detailed market report. As Jeff says not necessarily good news, but it is the reality we are in with this market. That is a high number of short sales for both single family and condos. Thanks for sharing this!

May 16, 2011 02:47 PM #9
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630,735
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Lynda--Looks like a slight improvement which is what we are seeing here.  Slow, but steady!

May 17, 2011 05:00 PM #10
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Lynda Eisenmann

Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co
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