Glenwood Community & Aliso Viejo Home Sale Trends for September 2019 Year over Year

Glenwood Community & Aliso Viejo Home Sale Trends for September 2019 Year over Year

Here are the Glenwood Community and Aliso Viejo Home Sale Trends for the month of September 2019 – Year over year.

Inventory in Aliso Viejo continues to remain low!  Back in January of 2016 when the market was HOT, there were approximately 1.5 months of inventory (38 homes available).  Currently we are now up to 2.6 months of inventory (Active Single Family homes for sale) at 50 which is still respectively low.  What this translates to is that it has remained a sellers market since 2015.  However over the next 12 months I would expect inventory of homes for sale to grow but not at a large pace.  The average sale price last month was $800,222 down from $900K the year before.  They buyers are out there but it is VERY important to list your prices within 3% of what you expect your home to sell for.  If you currently have a home on the market for sale an it has been on the market for 90+ days I highly suggest you get another property evaluation.  Either the home is overpriced, is not being marketed correctly or some combination of both.

See the Glenwood Community CLOSED home sale numbers below for the last 180 Days:  The Days on Market Sold is double what it takes for the rest of Aliso Viejo to close at 27 Days to sell which is down 27% from last September at 37 Days to sell.
Per my experience this is not a “Normal” Market.  Back in the 90s and early 2000s it did take over 3-4 months to sell homes on averag

Below is the year over year Home Sale Reports for Aliso Viejo, Costa Mesa, Irvine, Laguna Beach and Laguna Niguel.  Please note the amount of inventory, Sales Price & Days on Market Trends if you are thinking of Selling or buying.  It is IMPERATIVE to know which direction the Sales Prices are trending to achieve your Real Estate Objectives.

Surrounding Cities Housing Trends for your review: Costa Mesa, Huntington Beach, Irvine & Laguna Beach…

Costa Mesa September 2019 Summary –
Single Family Detached –
47 = Average Days On Market (Historically Low)
$1,100,132 = Average Sales Price – Up 6.4% year over year
170 = Active Inventory – Down 5% year over year
3.6 = Months Supply of Inventory – Up 12.5% year over year

Attached Homes
43  = Average Days on Market (Historically Low)
$796,999 = Average Sales Price – Up 9.1% year over year
60 = Active Inventory – Down 18% year over year
2.4 = Months Supply of Inventory – Down 22% year over yearSHer

Huntington Beach September 2019 Summary –
Single Family Detached –
42 = Average Days On Market (Historically Low – down 6.7% from last year)
$1,205,589 = Average Sales Price – Down 3.8% year over year
313 = Active Inventory – Up 6.1% year over year (Starting to become significant)
3.8 = Months Supply of Inventory – Up 11,8% year over year

Attached Homes
42  = Average Days on Market (Historically Low – Up 13.5% from last year)
$725,537= Average Sales Price – Up 14.8% year over year (Significant number to watch moving forward)
203 = Active Inventory – Up 1.5% year over year
3.3 = Months Supply of Inventory – Up 22% year over year

Irvine September 2019 Summary –

Single Family Detached –
54 = Average Days On Market (Up 20%)
$1,287,071 = Average Sales Price – Down 4.3% year over year
584 = Active Inventory – Up 13.0% year over year
5.1 = Months Supply of Inventory – Up 13.3% year over year – The quantity of houses available is becoming an issue and I would expect prices to drop over the next 3-6 months so keep an eye out for properties on the market longer then 120 days if you are a buyer!

Attached Homes
39  = Average Days on Market (Up 39.3%)
$672,230 = Average Sales Price – Down 4.2%% year over year
391 = Active Inventory – Up 10.5% year over year
4.2 = Months Supply of Inventory – Up 31.3%% year over year

Laguna Beach September 2019 Summary –
Single Family Detached –
109 = Average Days On Market (This number has been increasing steadily – up 5.8%)
$2,342,418 = Average Sales Price – Down 33%% year over year (These numbers can fluctuate wildly depending on Close Sold prices)
282 = Active Inventory – Up 0.4% year over year
11.1 = Months Supply of Inventory – Up 7.8% year over year.  Should this inventory climb above 325 to 350 you will see even more serious discounting of home prices in Laguna Beach.

Attached Homes
143  = Average Days on Market (up 95% year over year – Significant number to watch however there are not a ton of condos in Laguna Beach respective to Single Family Detached)
$1,696,300 = Average Sales Price – Up 18% year over year.
42 = Active Inventory – Down 4.5% year over year
10.1 = Months Supply of Inventory – Up 28.4% year over year

How well do you know the market?

Are you looking to sell, buy or invest?  Give us a call direct at 714.401.0893 or email – Patrick@TheSchwierGroup.com

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