Rancho Santa Margarita Market Update

By
Real Estate Agent with Century 21 Award CalBRE 01730187
https://activerain.com/droplet/54rB

Rancho Santa Margarita Market Update

This is your Rancho Santa Margarita Market Update for May 2017 for SOLD properties.

 Rancho santa Margarita homes for sale

SINGLE FAMILY HOME (not Condo/townhouse)

Minium Price $525,000

Average Price $752,175

Median Price $730,000

Maximum Price $1,380,000

Avg. Days on Market 71

CONDO / TOWN HOUSE

Minium Price $200,000

Average Price $447,177

Median Price $441,250

Maximum Price $730,000

Avg. Days on Market 61

 

What does this mean if you are buying a house in Rancho Santa Margarita?

Buyers need to be ready to move quickly when the right home comes onto the market. Many listings are sold within 1-3 days after they show up on the MLS. You must have your pre-qualification documentation from your lender ready to go so it can be presented to the seller with the offer. Because there will likely be multiple offers, your offer package has to stand out. Don't bother with low ball offers; you will get shuffled to the bottom of the pile!

 

What does this mean if you are selling a house in Rancho Santa Margarita?

Sellers should be prepared to make your home available as soon as it hits the market. Get your repairs, cleaning and de-junking done before you list your home. Begin your packing process by removing extra furniture and personal items from your home. Know what your bottom line is and be ready to accept an offer within a few days. Have a plan in place to move out in case you get a great, all-cash, close in 7 days offer!

 

These statistics are from the CRMLS database for the last 3 months

Posted by

 

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John Alesi - REALTOR®

949-510-2154

CENTURY 21 Award

Search for homes at: Your OC Home Search website

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CalBRE# 01730187

Copyright 2018 by John Alesi. Text and images may not be copied with out consent.

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