December 8th, 2010 2:24 PM by Dave Gubler
Foothill Ranch Real Estate Market Report - November 2010
Up to date information on the local Foothill Ranch real estate market is vital for buyers and sellers to make informed decisions about purchasing or listing a home. Here is the November 2010 Foothill Ranch Real Estate Market Report:
# Of Homes Sold(MoM Comparison)
9 (down 10.0%)
5 (down 16.7%)
YTD Sales VolumeYTD Average Price (YoY Comparison)
153 (down 5.0%) $411,338.00 (up 4.4%)
74 (unchanged)$585,607.00 (up 4.1%)
79 (down 9.2%)$248,100.00 (down 0.5%)
Analysis: Average sale price for detached homes in Foothill Ranch in 2010 is 4.4% higher than 2009 while attached homes (Condos and Townhomes) have dropped from $249,400 in 2009 to $248,100 year to date 2010. 4 of the 5 attached home sales in November are from one condo complex (Tuscany) which lost it's FHA approval status some time ago but remains a great value for investors and/or buyers with 20% down payment. Short sales and Bank Owned (REO) sales continue to be a significant factor in 2010 and November was no exception. Of the 9 November closed sales in Foothill Ranch two were short sales (22%) and two were Bank Owned (22%).
11 homes came on the market in Foothill Ranch during November (down from 13 in October).
There were 50 homes for sale in Foothill Ranch at the close of November (down from 53 in October).
8 homes in Foothill Ranch went in to "pending sale" status during November (up from 5 in October).
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