July 2013 Placentia CA Real Estate Market Report

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

REAL ESTATE SALES DOWN BUT PRICES UP IN PLACENTIA CA

Although real estate listings rose 33.3%, on a month to month basis, by the end of July 2013, the number of homes for sale in Placentia, California remained nearly 5% lower than the figures posted one year earlier. Real estate inventory is still incredibly low in Placentia, which continues to spur multiple offers and bidding wars, when a desirable property hits the market. As a result, home prices have increased at a steady pace, over the past several years. In addition, and due to the rise in values, fewer and fewer distressed listings have come on the market in Placentia, with foreclosure listings completely vanishing, and short sale listings falling 64.7%.

Month over month, pending home sales posted a slight gain of 2.4%, but fell by nearly 28% when comparing the July 2013 figures to the previous year's report. Considering the low inventory level of homes for sale in Placentia, further declines are imminent.

There was a monthly and yearly drop in Placentia's real estate sales figures, which can be attributed to the lack of sufficient real estate inventory. Even sales stats fell in July 2013, the majority of real estate sales in Placentia, California closed at or above the original list price. Given current market conditions, this is to be expected.

ACTIVE REAL ESTATE LISTINGS IN PLACENTIA CA = 64

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

Highest and Lowest Priced Real Estate Listing in Placentia CA

  • Lowest priced property for sale in Placentia, CA - $169,000.00
  • Highest priced property for sale in Placentia, CA - $899,000.00

Placentia CA Active Real Estate Listings By Property Type:

  • 46 Single Family Residence
  • 18 Condo/Townhouse
  • 0 Other (Land, Mobile Home, Mixed Use Property, etc...)

Placentia CA Active Real Estate Listing By Sales Type:

  • 57 Standard
  • 0 REO*
  • 6 Short Sale**
  • 1 Other (Relocation Sale, Probate Sale, Flip, etc...)

Placentia CA Active Real Estate Listings By Price Range:

  • 36 Placentia CA properties priced above $500,000.00
  • 28 Placentia CA properties priced at or below $500,000.00

PLACENTIA CA PROPERTIES IN PENDING AND BACK UP STATUS = 85

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

Pending Placentia CA Properties By Sales Type:

  • 58 Standard
  • 4 REO*
  • 21 Short Sale**
  • 2 Other (Relocation Sale, Probate Sale, Flip, etc...)

PLACENTIA CA PROPERTIES SOLD IN JULY 2013 = 53

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

Placentia CA Properties Sold By Sales Type:

  • 42 Standard Sales
  • 1 REO Sales*
  • 10 Short Sales**
  • 0 Other (Relocation Sales, Probate Sales, Flip, etc...)

List Price Versus Sales Price In Placentia CA In July 2013

  • 6 Properties sold at list price
  • 17 Properties sold for less than list price
  • 30 Properties sold for more than list price

Highest and Lowest Real Estate Sales in Placentia CA in July 2013:

  • Lowest Placentia, CA real estate sale - $200,000.00
  • Highest Placentia, CA real estate sale - $750,000.00

What Home Buyers Got For Their Money in Placentia CA in July 2013?

For $200,000.00 you could have purchased a condo in Placentia, California with the following features and amenities:

  • 2 Bedrooms
  • 2 Baths
  • 908 SF
  • 1 Car Detached Garage
  • Built 2001
  • $265 HOA Dues
  • No Interior Photos Or Information Provided
  • Short Sale
  • Cash Purchase
  • Sold For More Than List Price Of $199,999.00
  • Placentia Yorba Linda Unified School District
  • Located Near The Border Of Anaheim
  • 92870 Zip Code

For $750,000.00 you could have purchased a house in Placentia, California with the following features and amenities:

  • 4 Bedrooms
  • 3 Baths
  • 2,400 SF
  • 5,000 SF Lot
  • 2 Car Attached Garage
  • Built in 2002
  • $35 HOA Dues
  • Some Upgrades
  • Standard Sale
  • Conventional Financing
  • Sold For More Than The List Price Of $748,000.00
  • Placentia Yorba Linda Unified School District
  • Located In The Alta Vista Country Club Community
  • 92870 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 & August 11, 2013.

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