Los Ranchos Estates Market Update October

The Los Ranchos Estates is one of Orange Counties most exclusive communities. It is located within the guard gated private community of Coto De Caza and is unique for its acreage,  equestrian trails, and large custom estate properties. Please call me if you have any questions or wish to discuss this community.

Calabasas Estate

My friends and their family have just listed their beautiful 8,000 sqft., mountain view, 5 bedroom and 6.5 bath custom estate.


Please contact me if you are interested in this beautiful property.

Southland home sales rise again as higher-cost areas awaken

August 18, 2009

La Jolla, CA---Southern California homes sold last month at the fastest clip for a July in three years and the fastest pace for any month since December 2006. The median price paid rose slightly from June – marking the third consecutive month-to-month gain – as sales in pricier coastal areas continued to rise and sales of lower-cost foreclosures waned, a real estate information service reported.

A total of 24,104 new and resale houses and condos closed escrow in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties last month. That was up 3.6 percent from 23,262 in June and up 18.6 percent from 20,329 a year ago, according to San Diego-based MDA DataQuick.

July’s sales total was 8.7 percent lower than the average number sold in July – 26,410 – since 1988, when DataQuick’s statistics begin. July home sales have ranged from a low of 16,225 in July 1995 to a peak of 38,996 in 2003.

Sales have increased year-over-year for 13 consecutive months. They’ve been driven higher by increased affordability, low mortgage rates, plentiful government-insured FHA financing for first-time buyers, robust investor demand and, more recently, improved access to the “jumbo” financing used to buy more expensive homes.

click here for full article.

http://www.dqnews.com/Articles/2009/News/California/Southern-CA/RRSCA090818.aspx

	Sales Volume			Median Price
All homes	Jul-08	Jul-09	%Chng	Jul-08	Jul-09	%Chng
Los Angeles	6,592	8,082	22.60%	$400,000	$321,000	-19.80%
Orange	2,799	3,128	11.80%	$461,000	$420,000	-8.90%
Riverside	4,116	4,699	14.20%	$260,000	$185,000	-28.80%
San Bernardino	2,521	3,549	40.80%	$230,000	$140,000	-39.10%
San Diego	3,431	3,809	11.00%	$364,000	$320,000	-12.10%
Ventura	870	837	-3.80%	$420,000	$375,000	-10.70%
SoCal	20,329	24,104	18.60%	$348,000	$268,000	-23.00%

Source: DQNews.com Media calls: Andrew LePage (916) 456-7157 or John Karevoll (909) 867-9534

Copyright 2009 DataQuick Information Systems. All rights reserved.

Los Rancho Estates 2nd Quarter Update