Market Conditions in 92629>Question Details

John, Other/Just Looking in Dana Point, CA

what's the single family residence market doing in the 92629 area code?

Asked by John, Dana Point, CA Mon Oct 1, 2007

3 bedroom, 2 bath (currently 2 bedroom and an office) 1440 sq ft home on 6000sq ft property. New roof, newly painted, new doors and windows throughout, new handscraped walnut flooring throughout, except bedrooms and bathrooms, 2 totally renovated bathrooms, new heating system and ducting, totally new kitchen, new 500 sq ft patio cover across entire 12ft by 42ft back patio, nicely landscaped. Wide streets very quiet neighbourhood at the end of a large cul-de-sac.
Estimated selling price??

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Answers

11
It's all about location even within a single zip code. Being located in a gated neighborhood with community amenities or having a view (especially an ocean view in Dana Point) all add $$$ to the value of your property.
1 vote Thank Flag Link Mon Jul 14, 2014
The market is on Fire. There is little inventory and a huge demand. Buyers that require financing don't want to miss buying a home before the interest rates increase.
Today there are 170 Active Homes in 92629 zipcode and 90 homes in Back-Up/Pending Status.
The average market time is 2.80 months compared to the market time of 4.25 months 1 year ago.
The average list price is $2.8MM.
I help buyers find homes that are not on the MLS when the inventory is this tight.
In March I purchased a home in Monarch Bay. I love helping buyers and sellers with their real estate needs. Contact me if you have any questions or concerns.
0 votes Thank Flag Link Thu May 28, 2015
The best answer is to go with an agent that is a neighborhood specialist. They will be able to determine the best way to sell your home. There are so many factors on getting you the best possible price. A little agent research goes along way. I specialize in Monarch Bay Terrace.
0 votes Thank Flag Link Tue Sep 11, 2012
I agree with the Realtor who stated you need to get a professional analysis, based upon recent sales in your neighborhood. But off the top of my head, this sounds like a home in one of the older neighborhoods in Dana Point. At this time, there are listings of highly original homes for as low as $400,000. For highly upgraded homes, they can be priced in the low to mid 5's. But as it has always been, location matters. If your home backs to a busy street, the value will be lower. If it is at the bottom of a hill, with houses above it, looking into the back yard, that lowers the value. If it has no other houses behind it and some kind of a view, that raises the value. No matter how upgraded it is, if houses on your street aren't selling in the higher end, yours won't. Pick a couple of realtors, let them present you with recent SOLD properties, and listen to what they tell you.. Good luck
0 votes Thank Flag Link Wed Feb 23, 2011
I'm curious, you asked this question a year ago - Did you get the answer you were looking for?
Did you contact a realtor to have a competitive market analysis done for your property?
If so, what was your outcome? I'm hoping that you were either able to sell your home or purchase the home...not exactly sure which you were intending. At any rate, if you are still in the market and have any real estate needs, feel free to call me, I'm just right up the road in South Laguna. Take Care.
0 votes Thank Flag Link Sat Oct 4, 2008
John,

The way to approach the answer to your question is to seek out the advice of a Realtor. Places like Zillow are somewhat accurate, but can never compare to the analysis a Realtor can do for you. You see all Real Estate is local and prices can differ for several different reasons. In your zip code the house across the street could be the same size with the same number of bedrooms and bathrooms and be substantially worth more because of things like an ocean view or size of the lot for example. Or the opposite could be true your home could be worth substantially more than your neighbor across the street or across town for the very same reasons. Different areas have different selling prices and to be sure your home is priced correctly seek out the advice of a Realtor. Or if your not ready yet, you can go to my website and look up your homes approximate value. Just go to http://www.MGrimm4Homes.com. Let me know if I can help.

Best Regards,
Michael G. Grimm, Realtor
Web Reference: http://www.MGrimm4Homes.com
0 votes Thank Flag Link Sun Sep 14, 2008
Hi John. If you go to Zillow, you will get a general estimate of the selling price of your home. Another good way is to ask for a free comparative market analysis from an agent as someone else suggested. If you post your street name or your neighborhood, that should be enough to provide you a general idea of the estimated selling price for your home. Good Luck!
Web Reference: http://www.cinch2sell.com
0 votes Thank Flag Link Tue Nov 20, 2007
John I need a actual address and I defenately have to look at the property inside and out. If you'd like call me direct at 714-801-7699 or text message me at the same number. or go to my wensite and email me. Depending on circumstances your home may qualify as a preferred property. If so it gets showcased. I'm a designated Tarbell Realtors E-Agent.
0 votes Thank Flag Link Mon Oct 1, 2007
Hello John,
You can get an idea of the overall Dana Point market activity on my blog. I just posted a market update for many of the South Orange County cities. Like other agents have said, to be precise, I would want to know the street at least. Is there any kind of view at this property that you didn't mention? In general, 3 bedroom properties in Dana Point can go from the $500,000 up to the multi-millions, so I'm sure that you can appreciate why I want to know the street/neighborhood. By the way, I'm local to Dana Point.
Web Reference: http://www.rorysiems.com
0 votes Thank Flag Link Mon Oct 1, 2007
John:

Is your property currently listed for sale? Second price in Dana Point varies by blocks. It would be almost impossible to give you a professional opinion without an address, which I would not suggest revealing that info here.
0 votes Thank Flag Link Mon Oct 1, 2007
Hi, John. You should contact a few Realtors in your area and let them give you a free, no-obligation market analysis of your property. You have no obligation to them whatsoever.

When pricing a property it is best to have the local experts give their opinion. There are so many variables involved. If you need help locating someone to talk to in your area please let me know.

Dot Chance
Keller Williams
818.432.1671
Web Reference: http://www.DotChance.com
0 votes Thank Flag Link Mon Oct 1, 2007
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