Luke Hagenbach HOM Sotheby's International Realty 949.554.4818
[email protected]
Local Market Update for March 2016 Provided by Luke Hagenbach, Realtor®
East Costa Mesa March
Detached
Year to Date
Key Metrics
2015
2016
Percent Change
Thru 3-2015
Thru 3-2016
Percent Change
New Listings
26
24
- 7.7%
72
62
- 13.9%
Pending Sales
22
14
- 36.4%
61
39
- 36.1%
Closed Sales
19
18
- 5.3%
40
37
- 7.5%
Days on Market Until Sale
85
70
- 17.6%
88
85
- 3.4%
Median Sales Price*
$887,000
$880,000
- 0.8%
$1,002,500
$910,000
- 9.2%
Average Sales Price*
$955,303
$1,020,417
+ 6.8%
$1,001,574
$1,115,126
+ 11.3%
Percent of Original List Price Received*
96.0%
98.1%
+ 2.2%
95.9%
95.8%
- 0.1%
Percent of List Price Received*
98.1%
99.0%
+ 0.9%
97.5%
97.8%
+ 0.3%
Inventory
40
40
0.0%
--
--
--
Months Supply of Inventory
2.5
2.8
+ 12.0%
--
--
--
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
March
Attached
Year to Date
Key Metrics
2015
2016
Percent Change
Thru 3-2015
Thru 3-2016
Percent Change
New Listings
8
10
+ 25.0%
20
21
+ 5.0%
Pending Sales
6
11
+ 83.3%
14
16
+ 14.3%
Closed Sales
2
6
+ 200.0%
19
10
- 47.4%
Days on Market Until Sale
91
114
+ 25.3%
73
83
+ 13.7%
Median Sales Price*
$663,750
$642,450
- 3.2%
$525,000
$627,450
+ 19.5%
Average Sales Price*
$663,750
$1,045,733
+ 57.5%
$683,131
$907,940
+ 32.9%
Percent of Original List Price Received*
96.0%
92.3%
- 3.9%
96.4%
94.8%
- 1.7%
Percent of List Price Received*
100.3%
93.8%
- 6.5%
97.7%
95.8%
- 1.9%
7
9
+ 28.6%
--
--
--
1.2
1.6
+ 33.3%
--
--
--
Inventory Months Supply of Inventory
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price – Detached Rolling 12-Month Calculation
Median Sales Price – Attached Rolling 12-Month Calculation Orange County — C5 - East Costa Mesa —
Orange County — C5 - East Costa Mesa —
$1,000,000
$700,000
$900,000
$600,000
$800,000
$500,000
$700,000
$400,000
$600,000
$300,000
$500,000 2-2012
2-2013
2-2014
2-2015
2-2016
$200,000 2-2012
2-2013
2-2014
2-2015
2-2016
Current as of April 10, 2016. Report provided by Luke Hagenbach, Realtor®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data provided herein is from CRMLS, Inc. and is copyrighted by CRMLS.
