July 2013 Fullerton CA Real Estate Market Report

By
Real Estate Agent with North Orange County CA Real Estate Specialists BRE# 01277795

REAL ESTATE LISTINGS HIT A 12 MONTH HIGH IN FULLERTON CA

Real estate listings increased to their highest level since June of last year, with a month over month jump of 23% in the number of homes for sale in Fullerton, California. However, inventory remains low, which has continued to push prices higher in Fullerton. Another factor contributing to the jump in prices is the lack of distressed listings in Fullerton, which have all but vanished. This is especially true of short sale listings, which posted a  decrease of nearly 74% in July 2013, when compared to the previous year.

As expected, pending real estate sales fell in Fullerton, California on a month to month and year to year basis, which is a direct result of the inventory shortage. Unless there is a substantial increase in the number of real estate listings in Fullerton, we should prepare to see pending home sales decrease even further.

Real estate sales increased in July, when compared to the previous month and year, and posted a double digit jump of 12.7% month over month. Standard sales showed the largest gain, with a whopping 93.3% yearly increase, while foreclosure sales and short sales dropped dramatically. In July 2013, the majority of real estate sales in Fullerton, California closed at or below the original list price. Given current market conditions, this was most likely the result of over aggressive pricing.

ACTIVE REAL ESTATE LISTINGS IN FULLERTON CA = 160

Graph comparing the number of real estate listings in Fullerton CA in July 2013 to June 2013 and July 2012

Highest and Lowest Priced Property in Fullerton CA

  • Lowest priced property for sale in Fullerton, CA - $90,000.00
  • Highest priced property for sale in Fullerton, CA - $2,688,000.00

Fullerton CA Active Real Estate Listings By Property Type:

  • 120 Single Family Residence
  • 39 Condo/Townhouse
  • 1 Other (Land, Mobile Home, Mixed Use Property, etc...)

Fullerton CA Active Real Estate Listing By Sales Type:

  • 152 Standard
  • 2 REO*
  • 5 Short Sale**
  • 1 Other (Relocation Sale, Probate Sale, Flip, etc...)

Fullerton CA Active Real Estate Listings By Price Range:

  • 96 Fullerton properties priced above $500,000.00
  • 64 Fullerton properties priced at or below $500,000.00

FULLERTON CA PROPERTIES IN PENDING AND BACK UP STATUS = 187

Graph comparing the number of pending real estate sales in Fullerton CA in July 2013 to June 2013 and July 2012

Pending Fullerton CA Properties By Sales Type:

  • 126 Standard
  • 2 REO*
  • 52 Short Sale**
  • 7 Other (Relocation Sale, Probate Sale, Flip, etc...)

FULLERTON CA PROPERTIES SOLD IN JULY 2013 = 133

Graph comparing the number of real estate sales in Fullerton CA in July 2013 to June 2013 and July 2012

Fullerton CA Properties Sold By Sales Type:

  • 116 Standard Sales
  • 1 REO Sales*
  • 7 Short Sales**
  • 9 Other (Relocation Sales, Probate Sales, Flip, etc...)

List Price Versus Sales Price In Fullerton CA In July 2013

  • 22 Properties sold at list price
  • 59 Properties sold for less than the list price
  • 52 Properties sold for more than the list price

Highest and Lowest Real Estate Sales in Fullerton CA in July 2013

  • Lowest Fullerton, CA real estate sale - $110,000.00
  • Highest Fullerton, CA real estate sale - $1,260,000.00

What Home Buyers Got For Their Money in Fullerton CA in July 2013

For $110,000.00 you could have purchased acondo in Fullerton, California with the following features and amenities:

  • 1 Bedroom
  • 1 Bath
  • 673 SF
  • Built in 1965
  • $275 HOA Dues
  • No Interior Photos Or Description Provided
  • Short Sale
  • All Cash Purchase
  • Sold For More Than The List Price Of $98,500
  • Located Near Cal State Fullerton University, In The Club Acacia Complex
  • Fullerton Unified School District
  • 92831 Zip Code

For $1,260,000.00 you could have purchased ahome in Fullerton, California with the following features and amenities:

  • 5 Bedrooms
  • 4.5 Baths
  • 4,200 SF
  • 8,710 SF Lot
  • 3 Car Attached Garage
  • Built in 1999
  • $205 HOA Dues
  • Upgraded Throughout
  • Former Model Home
  • Standard Sale
  • Conventional Financing
  • Sold For Less Than The List Price Of $1,279,000.00
  • Located On The Border Of Brea And Placentia In The Parkhurst Gallery Community
  • Placentia Yorba Linda Unified School District
  • 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 August 1 and August 11, 2013.

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Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

great news in your local area, super to pass along to your prospects and clients too!

Aug 19, 2013 11:50 AM #1
Rainer
298,462
Momentum Realty
North Orange County CA Real Estate Specialists - Yorba Linda, CA
Orange County CA Real Estate Agent

Hi Mark,

Thank you, and I really appreciate you stopping by and commenting!

Have a great weekend ahead,

Gina

Aug 22, 2013 04:30 AM #2
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Rainer
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Momentum Realty

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