Real estate for sale in Ladera Ranch appears chilled at year’s start by one set of statistics.
Every two weeks, Steve Thomas of ReportsOnHousing.com publishes a study of the supply of local homes for sale. Here’s what the latest report — as of January 5 — details about Ladera Ranch …
- 127 residences listed in brokers’ MLS system with 55 new deals opening in the past 30 days.
- By Thomas’s math, this community has a “market time” (months in would take to sell all inventory at current pace of new escrows) of 2.31 months vs. 1.75 months found two weeks earlier vs. 3.27 months seen a year earlier. Countywide, latest market time was 3.65 months vs. 5.10 months a year ago.
- So, homes in this community sell — in theory — in 37% less time than the countywide pace.
- Of the homes listed for sale in this community, 84 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 66.1% of supply of homes for sale — O.C.’s 3rd highest — vs. 38.7% countywide.
- Homes for sale in Ladera Ranch represent 1.6% of Orange County inventory — and 2.7% of all the distressed homes listed for sale in Orange County. New escrows here are 2.5% of all Orange County’s new pending sales.
Compare these trends to countywide patterns:
- Cities with highest level of distressed properties among their listings? Portola Hills was tops — 87.5% — followed by Rancho Santa Marg. at 66.4% of listings and Ladera Ranch at 66.1% of listings.
- Fewest? Corona Del Mar was tops — 4.4% — followed by Seal Beach at 4.7% of listings and Laguna Woods at 8.1% of listings.
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