Brea or Placentia? – Orange County Register

Here are homebuying highlights for Brea and Placentia from ReportsOnHousing for October.

This house-hunting report tracks listing, buying and selling of existing detached and attached residences in the community. Analysis includes October trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Nov. 30 the “market time” metric comparing supply of listings to new escrows opened in past 30 days.

In Brea …

Sales: 30 sold vs. 49 a year ago.

Average sales price: $787,754 that ranked No. 21 out of 46 Orange County markets tracked and was up 10.5 percent in a year.

Compared to list: Sellers got 98.4 percent of what they typically asked for, ranking No. 25 of the 46 markets.

Range: High sale of $2,120,000 vs. the $355,000 low.

Sizing: On average, buyers paid $350 per square foot on a 2,253 square-foot residence. This pricing metric was up 3.4 percent in a year.

Market speed: 42 days, listing to escrow opened vs. 71 days a year ago and 63 days two years ago.

In Placentia …

Sales: 28 sold vs. 44 a year ago.

Average sales price: $638,393 that ranked No. 33 out of 46 Orange County markets tracked and was up 5.8 percent in a year.

Compared to list: Sellers got 99.1 percent of what they typically asked for, ranking No. 9 of the 46 markets.

Range: High sale of $1,100,000 vs. the $265,000 low.

Sizing: On average, buyers paid $328 per square foot on a 1,944 square-foot residence. This pricing metric was up 5.2 percent in a year.

Market speed: 34 days, listing to escrow opened vs. 65 days a year ago and 62 days two years ago.

Compare these patterns to five October trends we saw in all of Orange County …

1. Sales: 2,553 sold vs. 2,575 a year ago.

2. Average sales price: $868,090, up 10.4 percent in a year.

3. Compared to list: 98.4 percent.

4. Sizing: On average, buyers paid $464 per square foot — up 9.7…

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