The lack of supply means that home owners looking to sell they’re home can get a premium sales price in Ladera Ranch right now.
Ladera Ranch, CA (PRWEB) September 11, 2012
The inventory of homes for sale in Ladera Ranch has dropped to an all time low recently. Right now there are only 0.74 months of theoretical home supply in Ladera Ranch at the current buying pace in Orange County. A healthy real estate market is considered to have 3-4 months of supply available for buyers to preview. This means that Ladera Ranch is currently one of the hottest real estate markets in Orange County. During this same time last year there was 2.38 months of supply available in Ladera Ranch. The lack of supply means that home owners looking to sell they’re home can get a premium sales price in Ladera Ranch right now.
The Ladera Ranch real estate market has seen prices going down in the last few years. The major reason for this was due to the high rate of distressed properties meaning short sales and bank owned homes entering the market. Distressed properties have the tendency to drive down prices. In the last two years Ladera Ranch had a high number of short sales and bank owned homes or REOs for sale. This can be attributed to the fact that the community was built from 1999-2009. Many of the homes at the time were sold for premium prices at the height of the market. Now that the backlog of distressed properties has been sold off, the market has leveled off and is even starting to rise in areas of Orange County.
About Scott Bingham: Scott is a local Ladera Ranch Real Estate agent who specializes in selling homes and condos in the Ladera Ranch community. Scott understands the many nuances that exist in the current marketplaces as many short sale and distressed properties have come on the market in recent years. Ladera Ranch is located near San Juan Capistrano & Mission Viejo in the coastal Orange County area. It has become well known due to the Bravo TV's series "Real Housewives of Orange County" where one of the housewives resides in Ladera Ranch. The community is well known for it's clean and classic Mediterranean and Spanish architecture and considered one of the most desirable places to live for families with growing children. For additional information on Ladera Ranch Real Estate simply go to http://www.laderaranchrealestate.com.