August 2013 Fullerton CA Real Estate Market Report

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

FULLERTON REAL ESTATE LISTINGS RISE AGAIN IN AUGUST 2013

The number of homes for sale in Fullerton, California rose for the third consecutive month, posting an increase of 23.1% between July and August 2013, and a year over year gain of 30.5%. Although Fullerton real estate listings have increased, the inventory level remains low and is still far below what would be seen in a balanced market of buyers and sellers. This is especially true when it comes to the number of available listings in the entry level price range of $500,000 and below.

Pending real estate sales continued to decrease in Fullerton, with a 14.4% month to month drop and a 37% yearly decline between August 2012 and August 2013. The slump in pending sales can be attributed to the low inventory level and will most likely continue unless there is a substantial increase in the number of homes for sale in Fullerton, California.

Fullerton real estate sales fell 9% when compared to the previous month, but posted a jump of more than 14% year over year. I anticipate very little movement in the number of closed real estate transactions, in the coming months, based on existing, pending sales figures and active listings. In August 2013, the majority of real estate sales in Fullerton, California closed at or below the original list price. Given current market conditions, this was the result of over aggressive pricing.

ACTIVE REAL ESTATE LISTINGS IN FULLERTON CA = 197

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

Highest and Lowest Priced Property in Fullerton CA

  • Lowest priced property for sale in Fullerton, CA - $189,900.00
  • Highest priced property for sale in Fullerton, CA - $2,590,000.00

Fullerton CA Active Real Estate Listings By Property Type:

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

Fullerton CA Active Real Estate Listing By Sales Type:

  • 185 Standard
  • 1 REO*
  • 7 Short Sale**
  • 4 Other (Relocation Sale, Probate Sale, Flip, etc...)

Fullerton CA Active Real Estate Listings By Price Range:

  • 128 Fullerton properties priced above $500,000.00
  • 69 Fullerton properties priced at or below $500,000.00

FULLERTON CA PROPERTIES IN PENDING AND BACK UP STATUS = 160

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

Pending Fullerton CA Properties By Sales Type:

  • 101 Standard
  • 2 REO*
  • 55 Short Sale**
  • 2 Other (Relocation Sale, Probate Sale, Flip, etc...)

FULLERTON CA PROPERTIES SOLD IN AUGUST 2013 = 121

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

Fullerton CA Properties Sold By Sales Type:

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

List Price Versus Sales Price In Fullerton CA In August 2013

  • 23 Properties sold at list price
  • 51 Properties sold for less than the list price
  • 47 Properties sold for more than the list price

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

  • Lowest Fullerton, CA real estate sale - $90,000.00
  • Highest Fullerton, CA real estate sale - $2,050,000.00

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

For $90,000.00 you could have purchased acondo in Fullerton, California with the following features and amenities:

  • Studio Unit
  • 1 Bath
  • 375 SF
  • Built in 1986
  • $225 HOA Dues
  • Needs Updating
  • Standard Sale
  • All Cash Purchase
  • Sold For The List Price Of $90,000
  • Located Near Downtown Fullerton, In The Gated, 55 And Older  Complex Called The Fountains
  • Fullerton Unified School District
  • 92832 Zip Code

For $2,050,000.00 you could have purchased ahome in Fullerton, California with the following features and amenities:

  • 6 Bedrooms
  • 5.5 Baths
  • 4,283 SF
  • 30,405 SF Lot
  • 3 Car Attached Garage
  • Built in 1997
  • $215 HOA Dues
  • Needs Updating
  • Bonus Room
  • Library/Office
  • Built In BBQ Island
  • Covered, Outdoor Dining Pavilion
  • Pool And Spa With Waterfall And Slide
  • Standard Sale
  • Conventional Financing
  • Sold For Less Than The List Price Of $1,279,000.00
  • Located In North Fullerton, In The Raymond Hills Area, Near The Coyote Hills Golf Club
  • Placentia Yorba Linda Unified School District
  • 92831 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 September 1 and September 10, 2013.

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Momentum Realty

Orange County CA Real Estate Agent
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