IMPRESSIVE JUMP IN REAL ESTATE SALES IN VILLA PARK CA
As is typical with the Villa Park real estate market, there was little movement in the available inventory as of the end of July 2013. And, although the number of homes for sale in Villa Park, California showed a slight increase month over month and year over year, active listings remained incredibly low, especially for the summer season. As a result, home prices have continued to increase in this luxury market.
Pending home sales fell 25% between June and July 2013, and by an astounding 59%, when compared to the previous year. This is a direct result of the inventory shortage in Villa Park, and we can expect to see further declines, barring a sharp increase in the number of homes for sale.
Surprisingly, closed real estate sales increased by 80% on a month to month basis. The year over year figures were even more impressive, and reflected a jump of 167%. In July 2013, the majority of real estate sales in Villa Park, 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 VILLA PARK CA = 26
Highest and Lowest Real Estate Listing in Villa Park CA:
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Lowest priced property for sale in Villa Park, CA - $729,000.00
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Highest priced property for sale in Villa Park, CA - $4,499,000.00
Villa Park CA Active Real Estate Listings By Property Type:
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26 Single Family Residence
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0 Condo/Townhouse
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0 Other (Mobile Home, Manufactured Home, Mixed Use Property, etc...)
Villa Park CA Active Real Estate Listing By Sales Type:
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26 Standard
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0 REO*
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0 Short Sale**
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0 Other (Relocation Sale, Probate Sale, Flip, etc...)
Villa Park CA Active Real Estate Listings By Price Range:
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26 Villa Park properties priced above $500,000.00
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0 Villa Park properties priced at or below $500,000.00
VILLA PARK CA PROPERTIES IN PENDING AND BACK UP STATUS = 9
Pending Villa Park CA Properties By Sales Type:
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5 Standard
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0 REO*
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4 Short Sale**
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0 Other (Relocation Sale, Probate Sale, Flip, etc...)
VILLA PARK CA PROPERTIES SOLD IN JULY 2013 = 9
Villa Park CA Properties Sold By Sales Type:
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8 Standard Sales
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0 REO Sales*
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0 Short Sales**
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1 Other (Relocation Sales, Probate Sales, Flip, etc...)
List Price Versus Sales Price In Villa Park Ca In July 2013
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1 Properties sold at list price
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7 Properties sold for less than list price
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1 Properties sold for more than list price
Highest and Lowest Real Estate Sales in Villa Park CA in July 2013
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Lowest Villa Park CA real estate sale - $684,000.00
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Highest Villa Park CA real estate sale - $1,550,000.00
What Home Buyers Got For Their Money in Villa Park CA in July 2013
For $684,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:
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3 Bedroom
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2 Baths
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1,954 SF
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8,100 SF Lot
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2 Car Attached Garage
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Built In 1969
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Single Story
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Original Condition- Needs Updating And Repairs Throughout
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Seller Paid Loan Fees/Concessions Of $9,000
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Standard Sale
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Conventional Financing
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Sold For Less Than The List Price Of $700,000.00
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Located On The Border Of Orange, Near Villa Park Elementary School
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Orange Unified School District
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92861 Zip Code
For $1,550,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:
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5 Bedrooms
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1 Full Bath And 3 Three Quarter Baths
- 3,644 SF
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20,909 SF Lot
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4 Car Attached Garage
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Built In 1974
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Upgraded Throughout
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Cat 5 Wired And Surround Sound Throughout
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RV Parking
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Bonus Room
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Pebble Tech Pool And Spa With Rock Slide
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Stacked Stone, Outdoor Fireplace
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Covered, Built-In BBQ Area With Seating For 7, Built-In Keg, And Refrigerator
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Covered, Outdoor Living And Dining Space With Flat Screen TV, Heaters, And Ceiling Fans
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Standard Sale
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All Cash Purchase
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Sold For More Than The List Price Of $1,529,000.00
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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 August 1 & August 11, 2013.
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