• The Hartanov Team
• Property Search
• Home Buyers
• Home Sellers
• Contact Us

Site Navigation

• Orange County Property Search
• Orange County MLS Map Search
• Information For Buyers
• Information For Sellers
• Featured Listings
• Luxury Coastal Homes
• Relocation Guide
• Real Estate Market Trends
• Market Trends Graphs
• Real-Time MLS Market Snapshot
• Orange County Schools
• Local Area Blog
• Contact Us

Areas

• San Clemente
• San Clemente Neighborhoods
• Talega
• Talega Neighborhoods
• Dana Point
• Capistrano Beach
• Monarch Beach
• Laguna Beach
• San Juan Capistrano
• Laguna Niguel
• Mission Viejo
• Ladera Ranch
• Aliso Viejo
• New Communities
• 55+ Communities
• Short Sale & Bank Owned Real Estate

Orange County Real Estate Market Update December 2006

David Lereah, National Association of Realtors chief economist, said a fairly steady pace of home sales can be expected for the next two months. "It's important to focus on where the housing market is now - it appears to be stabilizing, and comparisons with an unsustainable boom mask the fact that home sales remain historically high - they'll stay that way through 2007." he said. "In addition, a temporary correction in prices distracts from the fact that it is primarily the number of homes sales that affects the economy, and the number for this year will be the third highest on record." How do local home sales stack up to this prediction?

November figures for Dana Point show the number of new listings dropped 22 percent compared to November 2005. Sold listings were down 93 percent during the same time period and market times increased 11 days or 20 percent. The average sales price, also, increased by $138,099 or 14 percent.

Dana Point	New Listings	Sold Listings	Average Sales price	Average DOM
November 2006	58	27	$1,116,625	67
November 2005	74	14	$978,526	56

New listings in Laguna Beach decreased by 28 in November, while the number of homes that sold dropped by 47 percent. Market times increased by 41 days or 79 percent. During this same time frame, the average sales price increased 24 percent.

Laguna Beach	New Listings	Sold Listings	Average Sales Price	Average DOM
November 2006	42	18	$2,108,250	93
November 2005	58	34	$1,701,944	52

Laguna Niguel reported 26 less new listings than November 2005, a 15 percent decrease. Market times were up by 47 percent as sales dropped 32 percent. Sales prices in Laguna Niguel showed a strong gain of 10 percent with the average sales price of $801,730.

Laguna Niguel	New Listings	Sold Listings	Average Sales Price	Average DOM
November 2006	106	52	$801,750	66
November 2005	125	77	$731,930	45

Mission Viejo continued to appeciate by 5 percent to $761,5127, even though sales decreased by 1 percent and market times increased by 42 percent. The number of new listings decreased by 8 percent.

Mission Viejo	New Listings	Sold Listings	Average Sales Price	Average DOM
November 2006	188	147	$761,517	64
November 2005	205	165	$727,927	45

San Clemente sales prices experienced an increase in November...up $200,978 or 21 percent from a year ago. The number of new listings was down by 7 percent, while sales dropped 25 percent. Meanwhile, the average market time increased 52 days or 116 percent.
Here is a current San Clemente market trend graph.

San Clemente	New Listings	Sold Listings	Average Sales Price	Average DOM
November 2006	105	53	$1,139,513	97
November 2005	98	71	$938,535	45

San Juan Capistrano's average sales price was 2 percent lower this November compared to November 2005. New listings were also lower by 27 percent. Market times increased 35 days or 70 percent and sales were down 38 percent.

San Juan Capistrano	New Listings	Sold Listings	Average Sales Price	Average DOM
November 2006	56	28	$738,285	85
November 2005	60	45	$756,731	50

All stats are compiled from the Southern California Multiple Listing Service. Information is deemed reliable but not guaranteed.

Current Real Estate Market Trends