The IML Real Estate Blog

Foothill Ranch Market Snapshot For August 20th, 2010

August 20th, 2010 4:43 PM by Dave Gubler

Foothill Ranch Real Estate Market Analysis - August 20th, 2010. (Detached Homes - 2/37) 

2 Closed Sales: Two-thirds of the way through August 2010 and only 2 detached homes have sold in Foothill Ranch.  Last month (July) 4 homes had sold by the twentieth of the month and there were also 4 closed transactions by the twentieth of June so we're a little off pace and it will be interesting to see the final sales result with only 4 homes in "pending sales" status.

Sale prices ranged from $510,000.00 to $645,000.00 on the two month-to-date closed transactions.  $510,000.00 for a 1,650 sf 3 Bed/2.5 Bath in the Canyon View tract (Standard Sale) and $645,000.00 for a 2,545 sf 5 Bed/2.5 Bath Short Sale in the Belwood Park tract.  A great bargain relative to recent comparative sales!

37 Active Listings: Of the 37 active listings in Foothill Ranch 21 are standard (equity) sales,  14 are short sales and the remaining 2 are REO (bank-owned). Asking prices range from a $335,000.00 Short Sale (1,100 sf 2 Bed/2.5 Bath) to a recently price reduced $999,000.00 Standard Sale (3,600 sf 4 Bed/4.5 Bath & Highly Upgraded). 

REMINDER: List Price of a Short Sale does not necessarily equate to the price the lender will approve.  Potential Buyers & Sellers should learn as much as possible about short sales before considering.  Visit our All About Short Sales pages for some solid short sale information.

 Foothill Ranch Real Estate Market Report

Posted in:General
Posted by Dave Gubler on August 20th, 2010 4:43 PM



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