PRICES CONTINUE TO RISE IN FULLERTON CA
There was an insignificant 4% decrease in the number of homes for sale in Fullerton, California on a month to month basis. However real estate listings dropped by an incredible 56.9% when comparing January 2013 to year ago levels, with the biggest reduction experienced in the category of distressed properties. At the end of January 2013, short sale and foreclosure listings had both fallen by nearly 87% compared to one year ago.
The Fullerton, California real estate market is very stable due to the extremely low inventory of properties for sale and an ongoing supply of home buyers. Fullerton home prices continue to rise at a steady pace, as multiple offers and bidding wars persist.
Active Real Estate Listings in Fullerton CA = 117
Highest and Lowest Priced Property in Fullerton CA
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Lowest priced property for sale in Fullerton, CA - $172,500.00
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Highest priced property for sale in Fullerton, CA - $2,699,000.00
Fullerton CA Active Real Estate Listings By Property Type:
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98 Single Family Residence
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17 Condo/Townhouse
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2 Other (Land, Mobile Home, Mixed Use Property, etc...)
Fullerton CA Active Real Estate Listing By Sales Type:
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96 Standard
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3 REO*
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13 Short Sale**
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5 Other (Relocation Sale, Probate Sale, Flip, etc...)
Fullerton CA Active Real Estate Listings By Price Range:
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70 Fullerton properties priced above $500,000.00
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47 Fullerton properties priced at or below $500,000.00
PENDING HOME SALES DOWN IN FULLERTON CA
Pending home sales decreased considerably on a month over month and year over year basis in Fullerton, California. And, although a drop in pending sales is not desirable, it is to be expected due to the low inventory of homes available. As of now, there are far less properties for sale in Fullerton than the number of pending sales documented last month. Unless the inventory of homes for sale increases substantially in Fullerton, we can expect to see pending real estate sales continue to fall in coming months.
Fullerton CA Properties In Pending And Back Up Status = 160
Pending Fullerton CA Properties By Sales Type:
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90 Standard
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6 REO*
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60 Short Sale**
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4 Other (Relocation Sale, Probate Sale, Flip, etc...)
MASSIVE YEAR OVER YEAR REAL ESTATE SALES INCREASE IN FULLERTON CA
Real estate sales dipped by 9% between December and January. However, the number of closed home sales in January 2013 reflected an 88.6% increase over the January 2012 sales figures. This massive year over year increase is a very positive sign and an indication that the Fullerton real estate market has recovered.
The majority of Fullerton real estate sales in January 2013 closed at or below the list price. Homes in the upper price range, approximately $500,000 or more, were more likely to sell for less than the asking price than homes priced below $400,000.
Fullerton CA Properties Sold in January 2013 = 100
Fullerton CA Properties Sold By Sales Type:
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68 Standard Sales
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8 REO Sales*
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21 Short Sales**
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3 Other (Relocation Sales, Probate Sales, Flip, etc...)
List Price Versus Sales Price In Fullerton CA In January 2013
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15 Properties sold at list price
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54 Properties sold for less than the list price
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31 Properties sold for more than the list price
Highest and Lowest Real Estate Sales in Fullerton CA in January 2013
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Lowest Fullerton, CA real estate sale - $95,000.00
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Highest Fullerton, CA real estate sale - $1,200,000.00
What Home Buyers Got For Their Money in Fullerton CA in January 2013
For $95,000.00 you could have purchased a condo in Fullerton, California with the following features and amenities:
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1 Bedroom
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1 Bath
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574 SF
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Built in 1984
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Clean But Not Updated
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$210 HOA Dues
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Standard Sale
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All Cash Purchase
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Sold At The List Price Of $95,000
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Located in The Fountains Senior Community
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Fullerton Unified School District
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92832 Zip Code
For $1,200,000.00 you could have purchased a home in Fullerton, California with the following features and amenities:
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4 Bedrooms
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6 Baths
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3,700 SF
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11,448 SF Lot
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3 Car Detached Garage
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Built in 2002
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Upgraded Throughout
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Built In BBQ Island With Sink, Refrigerator and Storage
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Outdoor Fireplace
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Pool and Spa With Waterfall
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220 SF Permitted Pool House Not Included In SF Of The Main House
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Standard Sale
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Conventional Financing
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Sold For Less Than The List Price Of $1,248,000.00
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Located in North Fullerton, in the Presidential Collection
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Fullerton Unified School District
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92835 Zip Code
*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which requires lender approval.
Information contained in this market report was compiled from available MLS data as of Feb 1 & Feb 7 , 2013.
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