VILLA PARK REAL ESTATE MARKET HOLDS STEADY AND STRONG
The number of homes for sale in Villa Park, California remained virtually unchanged between December 2012 and January 2013, and showed little movement when compared to one year ago.
The Villa Park real estate market remains strong due to the low inventory of homes for sale, including a lack of distressed sales, and an increasing demand for properties in the upper, luxury end of the market.
Active Real Estate Listings in Villa Park CA = 19
Highest and Lowest Real Estate Listing in Villa Park CA:
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Lowest priced property for sale in Villa Park, CA - $674,900.00
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Highest priced property for sale in Villa Park, CA - $4,788,000.00
Villa Park CA Active Real Estate Listings By Property Type:
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19 Single Family Residence
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0 Condo/Townhouse
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0 Other (Land, Mobile Home, Mixed Use Property, etc...)
Villa Park CA Active Real Estate Listing By Sales Type:
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16 Standard
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2 REO*
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0 Short Sale**
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1 Other (Relocation Sale, Probate Sale, Flip, etc...)
Villa Park CA Active Real Estate Listings By Price Range:
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19 Villa Park properties priced above $500,000.00
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0 Villa Park properties priced at or below $500,000.00
PENDING HOME SALES DOWN IN JANUARY 2013
Pending home sales fell month over month in Villa Park, California, which is common and to be expected between December and January of each year. However, the January 2013 pending sales figures were also lower than the stats documented one year ago. Although this decrease is inconsistent with what we're experiencing in the surrounding North Orange County cities, I wouldn't sound the alarm just yet. While it's true that luxury home sales have been on the rise, not everyone can afford to purchase a $1,000,000.00+ property, so homes in this price range tend to take longer to sell than the entry level market of $500,000.00 and below.
Villa Park CA Properties In Pending And Back Up Status = 7
Pending Villa Park CA Properties By Sales Type:
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5 Standard
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1 REO*
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1 Short Sale**
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0 Other (Relocation Sale, Probate Sale, Flip, etc...)
VILLA PARK HOME SALES UP FROM ONE YEAR AGO
Although Villa Park real estate sales dipped slightly on a month to month basis, the number of homes sold in January 2013 remained 60% higher than sales posted in January 2012.
In January 2013, the majority of homes sold at or below the list price, in Villa Park, California.
Villa Park CA Properties Sold in January 2013 = 7
Villa Park CA Properties Sold By Sales Type:
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5 Standard Sales
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0 REO Sales*
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1 Short Sales**
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1 Other (Relocation Sales, Probate Sales, Flip, etc...)
List Price Versus Sales Price In Villa Park Ca In January 2013
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1 Property sold at list price
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4 Properties sold for less than list price
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2 Properties sold for more than list price
Highest and Lowest Real Estate Sales in Villa Park CA in January 2013
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Lowest Villa Park CA real estate sale - $705,000.00
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Highest Villa Park CA real estate sale - $2,250,000.00
What Home Buyers Got For Their Money in Villa Park CA in January 2013
For $705,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:
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5 Bedroom
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3 Baths
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3,213 SF
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10,000 SF Lot
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3 Car Attached Garage
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Built In 1973
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Needs Upgrades And Possible Repairs
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Pool and Spa
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Standard Sale
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FHA Financing
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Sold For Less Than The List Price Of $750,000.00
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Located Near Villa Park Elementary
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Orange Unified School District
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92861 Zip Code
For $2,250,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:
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5 Bedroom
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6 Bath
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7,048 SF
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41,664 SF Lot
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8 Car Attached Garage
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RV Garage
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Built In 2004
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Privately Gated
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Upgraded Throughout
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Gym
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1200 Bottle, Temperature Controlled Wine Tasting Room
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Built In Wet Bar With Seating For 6
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Office With Built In Cabinetry
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Saltwater Pool And Spa With Water Feature
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Covered Patio With Ceiling Mounted Heaters And Fans
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Outdoor Fire Pit
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Built In BBQ Island With Wet Bar And Seating For 10
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Standard Sale
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Conventional Financing
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Sold For Less Than The List Price Of $2,695,000.00
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Located in the Hills of Villa Park
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Orange Unified School District
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92861 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 4 & Feb 14, 2013.
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