Homes For Sale Yorba Linda 92886 Market Update Report
by Aaron Zapata, MBA, REALTOR,
Ranked Top 1% Nationwide
How’s the market in Yorba Linda, CA 92886?
Here is a chart that shows what is happening in the 92886 zipcode of Yorba Linda for Single Family Homes.
Facts to note from the chart:
- In February 2011 there were 24% more homes on the market compared to 2010.
- In Februray 2011 there only 24 homes that sold, the lowest number in 12 months.
- The trend for the number of homes on the market is increasing.
- The overall number of sales and closings is remaining constant.
Here’s another chart showing the average price per square foot in Yorba Linda 92886:
Although slight, the price per square foot has been trending downward over the past 12 months.
With increasing inventories, tighter lending requirements, and increasing numbers of foreclosures, home prices are not likely to increase in the near future. At the same time, they are not dropping in value at an alarming rate.
For more information about your neighhborhood, please contact us today at (800) 573-1520.