Dove Canyon, like most communities in South Orange County has been hit by a wave of short sales and foreclosures. Unlike some of the surrounding areas, however, there have been a number of standard sales mixed in with the special condition sales.
This past week there were three new listings in Dove Canyon - and none of them were short sales or REOs. So what does that mean in terms of market trends? On it's own, probably not too much, but combined with a number of other factors however, it might pay to look a little closer at Dove Canyon. If you're looking to purchase in a beautiful gated community, this might just be the market you're looking for.
13 Greenspring, in the Waterford Crest tract is a beautiful property with a slightly higher price tag than 27 Lawnridge, the last model match comp that sold in June, 2008 for $770,000. The last recorded sales price for 13 Greenspring was $880,000 per SoCal MLS.
6 Club Vista, in the Emerald Crest tract is situated on a single loaded street and has a panoramic view of Dove Canyon Golf Course and the Saddleback Mountain Range. I don't see much in the way of closed sale comps within the past year other than two slightly smaller homes with two car garages and no views. Those homes sold respectively at $720,000 in February and $680,000 in June. 6 Club Vista is listed at $829,870, but is definitely a superior property in terms of location and view. 17 Wakonda, a smaller three bedroom, three bath home, again with no view is listed at $670,000 and is currently in escrow but accepting backup offers. The last recorded sales price for 6 Club Vista was $975,000 in May, 2006 per SoCal MLS.
7 Ravensridge, in the Laurels, is another 3000+ square foot home listed in Dove Canyon. This property has a western view, facing toward Catalina Island rather Saddleback Mountain. There are currently three active listings in this builder tract. 7 Ravensridge is listed at $899,000. The last model match comp, 21 Bell Canyon, sold in October for $840,000.
Please contact me for additional information about Dove Canyon or to see properties currently listed in Dove Canyon.
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