First Time Buyers Are Fighting Over Homes
We are experiencing a change in the market and it started in the last quarter of last year and has continued to improve in the first quarter of 2012. If you have been trying to buy your first home you have seen an increase in prices and properties selling pretty fast. The last four first time buyers we found homes for lost more than 3 houses before they were successful in finding a home they could buy. That right they lost out on at least 3 homes before they were successful at getting a signed contract to purchase. Looking at the sales chart below you find some very interesting numbers.
|
January 2012 Home Sales in Anaheim Hills, Anaheim, Brea, Fullerton, Placentia, and Yorba Linda |
|||||||||||||
|
City |
New |
Avg LP |
Under Contract |
Avg LP |
Sold |
Avg SP |
%SP/LP |
%SP/OLP |
Avg DOM |
||||
|
AH |
73 |
$486,111 |
16 |
$529,937 |
25 |
$440,443 |
96.39% |
94.87% |
105 |
||||
|
ANA |
195 |
$335,218 |
81 |
$297,480 |
111 |
$309,031 |
97.61% |
93.28% |
95 |
||||
|
BREA |
35 |
$522,852 |
15 |
$499,292 |
20 |
$423,173 |
97.42% |
94.17% |
114 |
||||
|
FUL |
127 |
$463,362 |
36 |
$477,019 |
60 |
$429,679 |
97.09% |
93.27% |
101 |
||||
|
PLA |
44 |
$395,849 |
23 |
$399,486 |
33 |
$401,843 |
98.00% |
94.40% |
100 |
||||
|
YL |
106 |
$744,741 |
23 |
$546,963 |
46 |
$598,107 |
96.21% |
92.75% |
104 |
||||
|
|
580 |
$491,355 |
194 |
$458,362 |
295 |
$433,712 |
97.12% |
93.79% |
103 |
||||
|
February 2012 Home Sales in Anaheim Hills, Anaheim, Brea, Fullerton, Placentia, and Yorba Linda |
|||||||||||||
|
City |
New |
Avg LP |
Under Contract |
Avg LP |
Sold |
Avg SP |
%SP/LP |
%SP/OLP |
Avg DOM |
||||
|
AH |
64 |
$790,142 |
19 |
$569,340 |
36 |
$507,219 |
96.06% |
91.27% |
111 |
||||
|
ANA |
197 |
$326,692 |
89 |
$286,634 |
114 |
$292,256 |
98.48% |
92.81% |
100 |
||||
|
BREA |
39 |
$590,308 |
14 |
$510,025 |
20 |
$401,128 |
97.43% |
95.45% |
79 |
||||
|
FUL |
125 |
$481,474 |
51 |
$405,897 |
88 |
$420,851 |
97.06% |
94.05% |
98 |
||||
|
PLA |
54 |
$391,488 |
17 |
$428,616 |
27 |
$362,418 |
97.99% |
96.43% |
75 |
||||
|
YL |
88 |
$692,805 |
31 |
$640,264 |
59 |
$536,795 |
98.25% |
95.54% |
96 |
||||
|
|
567 |
$545,484 |
221 |
$473,462 |
344 |
$420,111 |
97.55% |
94.26% |
93 |
||||
|
March 2012 Home Sales in Anaheim Hills, Anaheim, Brea, Fullerton, Placentia, and Yorba Linda |
|||||||||||||
|
City |
New |
Avg LP |
Under Contract |
Avg LP |
Sold |
Avg SP |
%SP/LP |
%SP/OLP |
Avg DOM |
||||
|
AH |
59 |
$641,372 |
28 |
$502,671 |
38 |
$464,142 |
96.26% |
93.06% |
103 |
||||
|
ANA |
201 |
$317,072 |
132 |
$313,299 |
138 |
$307,626 |
102.39% |
99.04% |
89 |
||||
|
BREA |
42 |
$467,117 |
18 |
$429,400 |
24 |
$520,951 |
98.80% |
96.57% |
75 |
||||
|
FUL |
128 |
$483,199 |
51 |
$406,241 |
81 |
$406,279 |
97.28% |
94.52% |
78 |
||||
|
PLA |
57 |
$452,223 |
22 |
$388,562 |
31 |
$356,003 |
99.21% |
93.92% |
84 |
||||
|
YL |
114 |
$727,115 |
37 |
$506,107 |
47 |
$558,593 |
97.10% |
89.34% |
88 |
||||
|
|
601 |
$514,683 |
288 |
$424,380 |
359 |
$435,599 |
98.51% |
94.41% |
86 |
||||
|
New |
Under Contract |
Sold |
Under Contract & Sold |
Days on Market |
|||||||||
|
Jan |
580 |
194 |
295 |
489 |
103 |
||||||||
|
Feb |
567 |
221 |
344 |
565 |
93 |
||||||||
|
Mar |
601 |
288 |
359 |
647 |
86 |
||||||||
- Days on market have decreased.
- Properties sold have increased.
- Sold and Under Contract are beginning to zero out New homes on the market.
- High end properties are dropping in price.
- First time buyer homes have started increasing in price.
Great news for sellers properties in the first time buyer category are selling fast and are going up in price. Bad news since a large number of the first time buyer homes are vacate we are not having the normal upward home purchases. There are a lot of good news in the data above but it’s too soon for balloons and firework. Read the data and make your own conclusions.
Thinking about buying a home and are tired of inaccurate data on the major websites. Our data comes straight from the MLS and the data is up dated daily. To sign up at www.forhomeinfo.us to have homes that fit your criteria emailed to you daily.
