Yorba Linda Real Estate 2009 v. 2010
Have Yorba Linda real estate prices stabilized? Are foreclosures up or down? What is going to happen in 2010?
I have run an analysis from the Multiple Listing Service used by Realtors to give you an idea of what I see happening in Yorba Linda, CA. The time periods I used are from January 1 to March 15 in 2009 and 2010.
|
2009 |
2010 |
Change |
|
| Closed Sales |
101 |
132 |
+31% |
| Homes |
70 |
102 |
+46% |
| Condos |
31 |
30 |
-3% |
| Average Sales Price |
$623,548 |
$670,443 |
+8% |
| Average Price Per Sqft. |
$241.15 |
$251.73 |
+4% |
| % of Distressed* Homes |
48% |
46% |
-2% |
| Average Days on Market |
88 |
103 |
+17% |
*Distressed homes are those that are bank owned or sold as a “short sale”.
Based on this information observe the following:
- more Yorba Linda homes have sold this year
- distressed properties have continued to represent almost half the market
- it is taking longer to sell your home
- home prices are going up in Yorba Linda!
This data shows that the Yorba Linda real estate market has stabilized and is improving. I expect the rest of 2010 to continue in the same way with slightly improved prices and more sales.
If you’d like to see how your Yorba Linda home is doing and how much money you can get for it now, please contact me and I’ll provide you with a free Broker Price Opinion.
