What was the real estate market like at Canyon Ridge Condominiums in 2010?

By
Real Estate Agent with Judah Realty Group

What was the real estate market like at Canyon Ridge Condominiums in 2010? Condo sales values in Canyon Ridge Condominiums were much stronger than the 2011 sales report by 27%. The values of condos in 2010 were very stable due to NO short sales or foreclosures being sold in the whole community. The big difference in price comes in 2011, when the first foreclosure shows up and sold for $105,000 while the median price in 2011 without the foreclosure would have been $202,500... OOOOUCH!

 

Sales in 2010 had a 26% higher $/SQFT (price per square feet) than 2011. The median sales price was $230,625 with the lowest sale being at $197,000.

There were four sales in 2010 in comparison to only three in 2011, and one being a foreclosure that has brought values down dramatically.

Let's hope that 2012 offers stable or increase condo values as I'm sure homeowners would like to sell, but are not able due to their loan payoff exceeding fair-market value.

Here are a few charts that show the market trend for Canyon Ridge Condominiums:

Canyon Ridge Condominiums Real Estate Market Report - 2010 ($/SQFT)

Canyon Ridge Condominiums sales report- short sales

Canyon Ridge Condominiums Real Estate Market Report - 2010 (Original Price vs. Sold Price)

canyon ridge condos - judah realty short sales

Canyon Ridge Condominiums: $/SQFT comparison 2010 vs. 2011

judah realty short sale condos in canyon park

Canyon Ridge Condominiums: Original Price vs. Sold Price comparison 2010 vs. 2011

judah realty sales report Canyon Ridge Condominiums

View whats currently for sale in Canyon Ridge Condominiums and if you would like to SELL or BUY in Canyon Ridge, contact us directly.

 

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Rainmaker
1,952,405
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Thanks for the market report...always interested in viewing stats and graphs on other Communities...thanks for sharing.

Jan 25, 2012 06:32 PM #1
Rainmaker
139,897
Paul Viau
Nova Scotia Real Estate Blog - Halifax, NS
Nova Scotia Real Estate Blog + Photo Services

Here's to a better season in 2012! Good stats and charts.

 

Feb 25, 2012 09:46 PM #2
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Rainmaker
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Freddy Delgadillo

Real Estate Broker specializing Greater Eastside
What's my home worth in today's real estate market?
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