Dana Point Homes for Sale – What Happened in the Dana Point Real Estate Market in August 2012.
If you are looking to buy or sell a home in the Dana Point real estate market, having the latest market information will assist you in making informed decisions related to Dana Point Homes for Sale. Dana Point is a beautiful coastal community, and home prices can vary from one area to the next. This market report includes the areas of Monarch Beach and Capistrano Beach which are distinct neighborhoods in Dana Point. It’s important to work with a local realtor who knows the market inside and out.
The Dana Point real estate market posted excellent results in August 2012 with 58 closed sales vs. 39 closed sales in August 2011 - a 49% increase! Demand for Dana Point housing remains strong - as of September 26, 2012, 48% of the 282 available listings in Dana Point are currently in escrow. At the current sales pace, there is just under a 3 month supply of homes (147 active Dana Point MLS listings).
- For the month of August 2012 58 homes in Dana Point sold at an average final selling price of $791,203.
- The average original asking price of these homes was $837,799 – selling at 96% of list price.
- The range of final selling prices was from a low of $181,300 for a 1 bedroom bank owned condo in the Monarch Hill Condos tract to a high of $3,525,000 for a 6 bedroom 4016 square foot ocean view home in the Niguel Shores Custom neighborhood (includes attached and detached homes).
- Of the 58 homes that sold, 44 were standard equity sales and 11 were distressed sales – either short sales or bank owned foreclosures.
- August 2012 sold homes were on the market an average of 106 days, up slightly from 104 days in August 2011.
If you are looking to buy or sell Dana Point real estate it's important to be informed. Call us anytime at 949-500-0484 with any questions on buying or selling Dana Point homes.
Useful Resources for Dana Point Home Buyers:
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