North Tustin or Tustin? – Orange County Register

Here are homebuying highlights for North Tustin and Tustin from ReportsOnHousing for October.

This house-hunting report tracks listing, buying and selling of existing detached and attached residences in the communities. Analysis includes October trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Nov. 30 the “market time” metric comparing supply of listings to new escrows opened in past 30 days.

In North Tustin …

Sales: 21 sold vs. 24 a year ago.

Average sales price: $1,077,077 that ranked No. 10 out of 46 Orange County markets tracked and was up 5.5 percent in a year.

Compared to list: Sellers got 97.4 percent of what they typically asked for, ranking No. 38 of the 46 markets.

Range: High sale of $1,740,000 vs. the $676,000 low.

Sizing: On average, buyers paid $373 per square foot on a 2,890 square-foot residence. This pricing metric was up 0.7 percent in a year.

Market speed: 94 days, listing to escrow opened vs. 101 days a year ago and 106 days two years ago.

In Tustin …

Sales: 62 sold vs. 77 a year ago.

Average sales price: $791,996 that ranked No. 20 out of 46 Orange County markets tracked and was up 25.7 percent in a year.

Compared to list: Sellers got 98.3 percent of what they typically asked for, ranking No. 28 of the 46 markets.

Range: High sale of $2,900,000 vs. the $305,000 low.

Sizing: On average, buyers paid $387 per square foot on a 2,044 square-foot residence. This pricing metric was up 5.4 percent in a year.

Market speed: 51 days, listing to escrow opened vs. 73 days a year ago and 70 days two years ago.

Compare these patterns to five October trends we saw in all of Orange County …

1. Sales: 2,553 sold vs. 2,575 a year ago.

2. Average sales price: $868,090, up 10.4 percent in a year.

3. Compared to list: 98.4 percent.

4. Sizing: On average, buyers paid $464 per square foot — up 9.7 percent in a year — on a 1,870 square-foot residence.

5. Market speed, as of Nov 30: 62 days vs. 73 days a year ago and 75 days two years ago.

DID YOU SEE …

Southern California population grows at fastest pace since 2014

Southern California housing takes nation’s largest bite of local paychecks

Southern California homes overvalued? Appraisers suggest yes

What bums out employees at Orange County’s top workplaces

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *