September 2013 Anaheim Hills CA Real Estate Market Report

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

ANAHEIM HILLS CA REAL ESTATE LISTINGS REACH A 16 MONTH HIGH

The number of homes for sale in Anaheim Hills, California reached a 16 month high, with listings rising nearly 14% between August and September 2013. Inventory also jumped by 46% on a year over year basis. However, even with the recent surge in Anaheim Hills real estate listings, it's important to note that inventory is still quite low. Another thing to remember, is the fact that some of these "home sellers" are merely testing the real estate waters, and are not truly interested in selling their home unless they can fetch a price that appeals to them. In many cases, these properties are listed well above market price, and typically sit on the MLS until the listing runs out, then the home is removed from the market entirely.

Month over month, pending home sales fell 13.9% in Anaheim Hills, and by more than 55% when compared to the number of pending sales in September of 2012. The decrease in pending sales figures is the result of the low inventory in previous months, rising interest rates, and the typical end of summer lull in home buyer activity.

Although sales figures fell 12% month over month, there was an increase in real estate sales in Anaheim Hills, of nearly the same percentage, when comparing September 2013 stats, to those recorded one year earlier. A drop in sales is common at this time of year, signaling that the summer is over, and the kids are back in school.

In September, 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 most likely the result of over aggressive pricing. In addition, it's important to note that there was almost an equal number of homes sold at or above the list price.

ACTIVE REAL ESTATE LISTINGS IN ANAHEIM HILLS CA = 147

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

Highest and Lowest Priced Real Estate Listings in Anaheim Hills CA

  • Lowest priced property for sale in Anaheim Hills, CA - $270,000.00
  • Highest priced property for sale in Anaheim Hills, CA - $5,900,000.00

Anaheim Hills CA Active Real Estate Listings By Property Type:

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

Anaheim Hills CA Active Real Estate Listing By Sales Type:

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

Anaheim Hills CA Active Real Estate Listings By Price Range:

  • 105 Anaheim Hills, CA properties priced above $500,000.00
  • 42 Anaheim Hills, CA properties priced at or below $500,000.00

ANAHEIM HILLS CA PROPERTIES IN PENDING AND BACK UP STATUS = 87

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

Pending Anaheim Hills CA Properties By Sales Type:

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

ANAHEIM HILLS CA PROPERTIES SOLD IN SEPTEMBER 2013 = 66

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

Anaheim Hills CA Properties Sold By Sales Type:

  • 57 Standard Sales
  • 1 REO Sales*
  • 7 Short Sales**
  • 1 Other (Relocation Sales, Probate Sales, etc...)

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

  • 13 Properties sold at list price
  • 27 Properties sold for less than list price
  • 26 Properties sold for more than list price

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

  • Lowest Anaheim Hills, CA real estate sale - $230,000.00
  • Highest Anaheim Hills, CA real estate sale - $1,000,000.00

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

For $230,000.00 you could have purchased a condo in Anaheim Hills, California with the following features and amenities:

  • 2 Bedrooms
  • 1 Baths
  • 943 SF
  • 1 Car Detached Garage
  • Built in 1973
  • $270 HOA Dues
  • Needs Updating
  • Laundry Hook-Ups
  • Standard Sale
  • Conventional Financing
  • Sold For More Than The List Price of $219,000.00
  • Located On The Border Of Yorba Linda
  • Placentia Yorba Linda Unified School District
  • 92807 Zip Code

For $1,000,000.00 you could have purchased a house in Anaheim Hills, California with the following features and amenities:

  • 5 Bedrooms
  • 2.75 Baths
  • 3,093 SF
  • 11,500 SF Lot
  • 2 Car Attached Garage
  • Built 1987
  • Upgraded Throughout
  • Built-In, Covered BBQ Island
  • Pool And Spa
  • Hills View
  • Standard Sale
  • Conventional Financing
  • Sold For More Than The List Price of $998,000
  • Located In Central Anaheim Hills
  • Orange Unified School District
  • 92807 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 October 1 and October 10th, 2013.

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Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

very detailed market stats for buyers and sellers in your local area, this should help folks make decisions!

Oct 17, 2013 11:06 AM #1
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Rainer
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Momentum Realty

Orange County CA Real Estate Agent
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