Rancho Santa Margarita or Ladera Ranch? – Orange County Register

Here are homebuying highlights for Rancho Santa Margarita and Ladera Ranch from ReportsOnHousing for October.

This house-hunting report tracks resales 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 Rancho Santa Margarita …

Sales: 54 sold vs. 55 a year ago.

Average sales price: $542,020 that ranked No. 39 out of 46 Orange County markets tracked and was down 0.8 percent in a year.

Compared to list: Sellers got 99.1 percent of what they typically asked for, ranking No. 8 of the 46 markets.

Range: High sale of $1,115,000 vs. the $264,900 low.

Sizing: On average, buyers paid $379 per square foot on a 1,430 square-foot residence. This pricing metric was up 5.2 percent in a year.

Market speed: 26 days, listing to escrow opened vs. 44 days a year ago and 53 days two years ago.

In Ladera Ranch …

Sales: 47 sold vs. 43 a year ago.

Average sales price: $861,017 that ranked No. 15 out of 46 Orange County markets tracked and was up 21.6 percent in a year.

Compared to list: Sellers got 98.3 percent of what they typically asked for, ranking No. 29 of the 46 markets.

Range: High sale of $2,700,000 vs. the $425,000 low.

Sizing: On average, buyers paid $358 per square foot on a 2,405 square-foot residence. This pricing metric was up 10.3 percent in a year.

Market speed: 48 days, listing to escrow opened vs. 59 days a year ago and 69 days two years ago.

Compare those patterns to countywide trends …

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…

Article Source…

Leave a Reply

Your email address will not be published. Required fields are marked *