August 2013 Anaheim Hills CA Real Estate Market Report

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

DOUBLE DIGIT JUMP IN ANAHEIM HILLS REAL ESTATE LISTINGS

For the fifth consecutive month, real estate listings rose, causing a month to month increase of 10.3%, in the number of homes for sale in Anaheim Hills, California.  And, compared to one year earlier, August 2013 listing figures jumped 21.7%. However, it's important to note that real estate inventory is still incredibly low; The number of real estate listings in August 2013 were still well below normal, especially in the entry level price range of $500,000 and below.

In August 2013, Anaheim Hills pending home sales fell 12.9% month over month, and by more than 47% on a year to year basis. The steady decline is the direct result of the change real estate inventory levels. Without a significant surge in the number of homes for sale in Anaheim Hills, pending real estate sales should continue to dwindle in coming months.

Month over month, Anaheim Hills real estate sales dipped 8.5%, and compared to August of last year, the number of sales declined nearly 13%. A drop in closings was inevitable, due to the low inventory of homes for sale. In August 2013, the majority of real estate sales in Anaheim Hills, California closed at or below the original list price. Given current market conditions, this was the result of over aggressive pricing. In addition, it's important to note that the number of sales that closed above the list price were almost identical.

ACTIVE REAL ESTATE LISTINGS IN ANAHEIM HILLS CA = 129

Graph comparing the number of real estate listings in Anaheim Hills CA in August 2013 to July 2013 and August 2012

Highest and Lowest Priced Real Estate Listings in Anaheim Hills CA

  • Lowest priced property for sale in Anaheim Hills, CA - $235,000.00
  • Highest priced property for sale in Anaheim Hills, CA - $5,900,000.00

Anaheim Hills CA Active Real Estate Listings By Property Type:

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

Anaheim Hills CA Active Real Estate Listing By Sales Type:

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

Anaheim Hills CA Active Real Estate Listings By Price Range:

  • 99 Anaheim Hills, CA properties priced above $500,000.00
  • 30 Anaheim Hills, CA properties priced at or below $500,000.00

ANAHEIM HILLS CA PROPERTIES IN PENDING AND BACK UP STATUS = 101

Graph comparing the number of pending real estate sales in Anaheim Hills CA in August 2013 to July 2013 and August 2012

Pending Anaheim Hills CA Properties By Sales Type:

  • 76 Standard
  • 1 REO*
  • 21 Short Sale**
  • 3 Other (Relocation Sale, Flip, Probate Sale, etc...)

ANAHEIM HILLS CA PROPERTIES SOLD IN AUGUST 2013 = 75

Graph comparing the number of real estate sales in Anaheim Hills CA in August 2013 to July 2013 and August 2012

Anaheim Hills CA Properties Sold By Sales Type:

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

List Price Versus Sales Price In Anaheim Hills CA In August 2013

  • 12 Properties sold at list price
  • 32 Properties sold for less than list price
  • 31 Properties sold for more than list price

Highest and Lowest Real Estate Sales in Anaheim Hills CA in August 2013

  • Lowest Anaheim Hills, CA real estate sale - $200,000.00
  • Highest Anaheim Hills, CA real estate sale - $1,310,000.00

What Home Buyers Got For Their Money in Anaheim Hills CA in August 2013?

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

  • 3 Bedrooms
  • 1.5 Baths
  • 1,068 SF
  • 2 Car Attached Garage
  • Built in 1973
  • $300 HOA Dues
  • Move In Condition
  • Laundry Hook-Ups
  • Short Sale
  • Cash
  • Sold For More Than The List Price of $190,000.00
  • Located On The Border Of Yorba Linda
  • Placentia Yorba Linda Unified School District
  • 92807 Zip Code

For $1,310,000.00 you could have purchased a house in Anaheim Hills, California with the following features and amenities:

  • 5 Bedrooms
  • 4.5 Baths
  • 4,412 SF
  • 10,716 SF Lot
  • 4 Car Attached Garage
  • Built 1999
  • $188 HOA Dues
  • Upgraded Throughout
  • Pool And Spa
  • Standard Sale
  • Conventional Financing
  • Sold For More Than The List Price of $1,299,999.00
  • Located In The Guard Gated Community Of Summit Point Estates In East Anaheim Hills
  • Orange Unified School District
  • 92808 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 Sept 1 and Sept 10th, 2013.

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