May 2012 North Tustin CA Real Estate Market Report

By
Real Estate Agent with North Orange County CA Real Estate Specialists BRE# 01277795

North Tustin CA Real Estate Market Report

For The Month Of May 2012 

 

BUYERS COMPETING FOR HOMES FOR SALE IN NORTH TUSTIN CA

The North Tustin real estate market changed very little from April to May; The number of homes for sale in North Tustin, California increased by only 5 listings, and pending home sales and closed real estate sales in North Tustin were also, nearly identical month over month.

Although a stagnant real estate market may not seem exciting, it's an encouraging sign that the available inventory of homes for sale in North Tustin is not increasing in large numbers, as it typically does in the spring and summer months in Southern California. The reduced inventory of homes for sale in North Tustin, California, at a time of year  many buyers are looking to make a move, is creating multiple offer competition for home buyers, which is another positive real estate market indicator.

Graph Comparing the Number of Active, Pending and Sold Properties in North Tustin CA in March and April 2012

ACTIVE REAL ESTATE LISTINGS IN NORTH TUSTIN CA = 73

  • Lowest priced property for sale in North Tustin, CA - $469,900.00
  • Highest priced property for sale in North Tustin, CA - $2,999,000.00

North Tustin CA Active Real Estate Listings By Property Type:

  • 73 Single Family Residence
  • 0 Condo/Townhouse
  • 0 Other (Land, Mobile Home, Mixed Use Property, etc...)

North Tustin CA Active Real Estate Listing By Sales Type:

  • 69 Standard
  • 0 REO*
  • 2 Short Sale**
  • 2 Other (Relocation Sale, Probate Sale, etc...)

Graph Showing the Percentage of Foreclosures, Short Sales, and Standard Real Estate For Sale in North Tustin CA

North Tustin CA Active Real Estate Listings By Price Range:

  • 71 North Tustin, CA properties priced above $500,000.00
  • 2 North Tustin, CA properties priced at or below $500,000.00

NORTH TUSTIN CA PROPERTIES IN PENDING AND BACK UP STATUS = 31

Pending North Tustin CA Properties By Sales Type:

  • 17 Standard
  • 1 REO*
  • 12 Short Sale**
  • 1 Other (Relocation Sale, Probate Sale, etc...)

Graph Showing the Percentage of Pending Foreclosures, Short Sales, and Standard Real Estate Listings in North Tustin CA

NORTH TUSTIN CA PROPERTIES SOLD IN MAY 2012 = 17

  • Lowest Fullerton real estate sale - $560,000.00
  • Highest Fullerton real estate sale - $1,455,000.00

What can you get for your money in North Tustin CA?

For $560,000.00 you can buy a home in North Tustin, California with the following features and amenities:

  • 5 Bedroom
  • 5.5 Bath
  • 4,135 SF
  • 3,500 SF Lot
  • Built in 1991
  • Needs Updating
  • 2 Car Attached Garage
  • Catalina Island and City Lights Views
  • Located in the Panorama Area, Bordering Orange
  • FHA Financing
  • Orange Unified School District
  • 92705 Zip Code

For $1,455,000.00 you can buy a home in North Tustin, California with the following features and amenities:

  • 5 Bedrooms
  • 4 Baths
  • 4,300 SF
  • 56,628 SF Lot
  • 3 Car Attached Garage
  • Built in 1995
  • Privately Gated Custom Built Home
  • Highly Upgraded
  • Bonus Room
  • Pool and Spa
  • City Lights View
  • Located in the Red Hill Area
  • All Cash Purchase
  • Tustin Unified School District
  • 92705 Zip Code

North Tustin CA Properties Sold By Sales Type:

  • 15 Standard Sales
  • 1 REO Sales*
  • 1 Short Sales**
  • 0 Other (Relocation Sales, Probate Sales, etc...)

Graph Showing the Percentage of Foreclosures, Short Sales, and Standard Real Estate Listings Sold in North Tustin CA

*REO: Real Estate Owned. Foreclosed properties currently owned by the lender.
** Short Sale: Properties that are still owned by the borrower, however the borrower is attempting to sell the property for less than what is owed to the lender, which requires lender approval.

Information contained in this market report was compiled from available MLS data as of June 1st, 2012.

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If You Would Like To Buy A Home In Orange County, Or The Surrounding Southern California Area, Or If You Would Like To Sell Your Orange County Property Or A Property In The Surrounding Southern California Area, Contact Us Today, For A Free, No Pressure Evaluation.

We Specialize In Real Estate Sales In North Orange County And The Bordering Riverside County Areas, Including Anaheim Hills, Brea, Corona, Fullerton, Norco, North Tustin, Orange, Orange Park Acres, Placentia, Tustin, Villa Park and Yorba Linda, California

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Topic:
Real Estate Market Trends
Location:
California Orange County North Tustin
Groups:
Realestateandfunding
Tags:
market report
north tustin real estate
north tustin ca

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Additional Information

North Orange County and Riverside County California Real Estate Sales: Anaheim Hills - Brea - Corona - Fullerton - Norco - North Tustin - Orange - Placentia - Tustin - Villa Park - Yorba Linda