July 2013 Yorba Linda CA Real Estate Market Report

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

YORBA LINDA REAL ESTATE LISTINGS AT HIGHEST LEVEL IN 17 MONTHS

Although real estate listings reached their highest level since March of last year, the total number of homes for sale in Yorba Linda, California remained quite low in July 2013, especially for a summer month. The month over month increase was 14.4% and there was a nearly 16% increase in the year over year figures. The bulk of this growth was experienced in the standard listing category, while distressed sales continued to dwindle. Real estate prices have edged higher due to the inventory shortage and a steady demand for homes in Yorba Linda.

 Due to a lack of available inventory, pending home sales fell more than 12% between June and July 2013, and dropped by nearly 32% when compared to the previous year. We can expect to see pending real estate sales decline even further in the near future, unless there is a sharp increase in Yorba Linda real estate listings.

Month over month, closed real estate transactions jumped 30.5% in Yorba Linda, and posted a yearly increase of 11.5%. Considering the low level of inventory, sales figures may begin to drop in the coming months. In July 2013, the majority of real estate sales in Yorba Linda, 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 YORBA LINDA CA = 198

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

Highest and Lowest Real Estate Listing in Yorba Linda CA

  • Lowest priced property for sale in Yorba Linda, CA - $250,000.00
  • Highest priced property for sale in Yorba Linda, CA - $3,500,000.00

Yorba Linda CA Active Real Estate Listings By Property Type:

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

Yorba Linda CA Active Real Estate Listing By Sales Type:

  • 185 Standard
  • 1 REO*
  • 9 Short Sale**
  • 3 Other (Relocation Sale, Probate Sale, etc...)

Yorba Linda CA Active Real Estate Listings By Price Range:

  • 177 Yorba Linda, CA properties priced above $500,000.00
  • 21 Yorba Linda, CA properties priced at or below $500,000.00

YORBA LINDA CA PROPERTIES IN PENDING AND BACK UP STATUS = 139

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

Pending Yorba Linda CA Properties By Sales Type:

  • 97 Standard
  • 4 REO*
  • 36 Short Sale**
  • 2 Other (Relocation Sale, Probate Sale, etc...)

YORBA LINDA CA PROPERTIES SOLD IN JULY 2013 = 107

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

Yorba Linda CA Properties Sold By Sales Type:

  • 99 Standard Sales
  • 0 REO Sales*
  • 6 Short Sales**
  • 2 Other (Relocation Sales, Probate Sales, etc...)

List Price Versus Sales Price In Yorba Linda CA In July 2013

  • 21 Properties sold at list price
  • 52 Properties sold for less than the list price
  • 34 Properties sold for more than list price

Highest and Lowest Real Estate Sales in Yorba Linda CA in July 2013

  • Lowest Yorba Linda real estate sale - $223,300.00
  • Highest Yorba Linda real estate sale - $2,395,000.00

What Home Buyers Got For Their Money in Yorba Linda CA in July 2013

For $223,300.00 you could have purchased a manufactured home in Yorba Linda, California with the following features and amenities:

  • 2 Bedrooms
  • 1.75 Bath
  • 1,981 SF
  • 4,800 SF Lot
  • Built in 1980
  • $55 HOA Dues
  • Laundry Hook-Ups
  • No Interior Photos Or Description Provided
  • Short Sale
  • Cash Purchase
  • Sold For The List Price Of $223,300.00
  • Placentia Yorba Linda Unified School District
  • Located On The East Side Of Yorba Linda, Near Travis Ranch School
  • 92887 Zip Code

For $2,395,000.00 you could have purchased a home in Yorba Linda, California with the following features and amenities:

  • 5 Bedrooms
  • 5.5 Baths
  • 4,500 SF
  • 65,096 SF Lot
  • 4 Car Attached Garage
  • Built in 2004
  • $186 HOA Dues
  • Highly Upgraded Throughout
  • 4 Bedrooms With Private Bathrooms
  • Surround Sound
  • Office With Built-In Cabinets And Shelves
  • Wine Bar With Refrigerator
  • Covered, Outdoor Stone Fireplace
  • Built-In BBQ Area
  • In Ground, Oversized Spa
  • RV Parking
  • Standard Sale
  • Cash Purchase
  • Sold For Less Than The List Price Of $2,490,000.00
  • Placentia Yorba Linda School District
  • Located In The Manor House Development In The Kerrigan Ranch Equestrian Community- Central Yorba Linda
  • 92886 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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Rainer
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Momentum Realty

Orange County CA Real Estate Agent
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