August 2013 Villa Park CA Real Estate Market Report

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

REAL ESTATE INVENTORY SHRINKS IN VILLA PARK CA

The already low inventory of homes for sale in Villa Park, California dwindled even more in August 2013, with a month over month decrease of 15.4%. When compared to August of the previous year, the total number of active listings increased by only 1 home, or 4.8%. Little change in real estate activity is common in Villa Park, as well as stable home prices, due to high desirability.

Pending home sales held steady in Villa Park, California, between July and August 2013, but decreased 30.8% on a year over year basis. As summer ends, rates continue to fluctuate, and inventory remains low, I wouldn't expect to see pending real estate sales increase substantially, any time soon.

Villa Park sales dipped 33.3% on a month to month basis, and by nearly 54% year over year. The drop in sales is a due to the low inventory of homes for sale in Villa Park, which has been a consistent theme for the past two years. In August 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 = 22

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

Highest and Lowest Real Estate Listing in Villa Park CA:

  • Lowest priced property for sale in Villa Park, CA - $830,000.00
  • Highest priced property for sale in Villa Park, CA - $4,499,000.00

Villa Park CA Active Real Estate Listings By Property Type:

  • 22 Single Family Residence
  • 0 Condo/Townhouse
  • 0 Other (Mobile Home, Manufactured Home, Mixed Use Property, etc...)

Villa Park CA Active Real Estate Listing By Sales Type:

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

Villa Park CA Active Real Estate Listings By Price Range:

  • 22 Villa Park properties priced above $500,000.00
  • 0 Villa Park properties priced at or below $500,000.00

VILLA PARK CA PROPERTIES IN PENDING AND BACK UP STATUS = 9

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

Pending Villa Park CA Properties By Sales Type:

  • 5 Standard
  • 0 REO*
  • 4 Short Sale**
  • 0 Other (Relocation Sale, Probate Sale, Flip, etc...)

VILLA PARK CA PROPERTIES SOLD IN AUGUST 2013 = 6

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

Villa Park CA Properties Sold By Sales Type:

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

List Price Versus Sales Price In Villa Park Ca In August 2013

  • 1 Properties sold at list price
  • 4 Properties sold for less than list price
  • 1 Properties sold for more than list price

Highest and Lowest Real Estate Sales in Villa Park CA in August 2013

  • Lowest Villa Park CA real estate sale - $1,050,000.00
  • Highest Villa Park CA real estate sale - $1,600,000.00

What Home Buyers Got For Their Money in Villa Park CA in August 2013

For $1,050,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:

  • 5 Bedroom
  • 2.5 Baths
  • 4,541 SF
  • 20,038 SF Lot
  • 4 Car Attached Garage
  • Built In 1976
  • Upgraded Throughout
  • Pool And Spa
  • Short Sale
  • Cash Purchase
  • Sold For Less Than The List Price Of $1,099,000.00
  • Located Near Villa Park High School
  • Orange Unified School District
  • 92861 Zip Code

For $1,600,000.00 you could have purchased a home in Villa Park, California with the following features and amenities:

  • 5 Bedrooms
  • 3.5 Baths
  • 4,500 SF
  • 20,038 SF Lot
  • 3 Car Attached Garage
  • Built In 2000
  • No Interior Photos Or Description Provided
  • Standard Sale
  • No Financing Information Provided
  • Sold For The List Price Of $1,600,000.00
  • Located Near Villa Park High School
  • Orange Unified School District
  • 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 September 1 & September 10, 2013.

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Rainmaker
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Gina:  Excellent market report for Orange County, California!  

Sep 21, 2013 08:04 AM #1
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Rainer
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