Lookinginsoc…, Home Buyer in 94556

Market conditions in Ladera Ranch?

Asked by Lookinginsocal, 94556 Mon Mar 2, 2009

We are considering a move from the Bay Area to south Orange County. We aren't being forced out of our home and don't have to move, but we'd like to in the coming 2-4 years. For a buyer, how do things look now and in the next few years for Ladera? I know it's hard to predict, but I'm looking for HONEST answers here. Prices seem to have gone WAY down.... so I suppose my question is, "When does Ladera Ranch hit bottom?"

Help the community by answering this question:

Answers

2
As a new home community, Ladera Ranch has been hit very hard. There are currently 192 homes for sale, 10 are lender owned, 97 are noted as being short sales....this means that over half of the homes on the market are distress sales, which, in my opinion, means the prices have still not stabilized in this community.

There are 77 homes in escrow....14 are lender owned and 41 are noted as being short sales. There have been 70 closed sales in 2009....28 were lender owned and 19 were noted as being short sales.

I have several Clients watching the market activity in Ladera Ranch via a web-based service that I use....it enables them to see what is coming on the market, how quickly it is selling and evaluate overall market conditions. Let me know if you would like me to set you up on this service so you can monitor activity over the next few months and get a better feel for the market.
2 votes Thank Flag Link Mon Mar 2, 2009
Unfortunately we will not know that we hit bottom until we are already on the upswing in prices. However, in looking at the South Orange County current market trends we currently have the lowest amount of inventory that we have had in the last year and a half. We also have the highest number of properties in escrow that we have seen in a long time. This is showing the trend that we could be nearing the bottom.

Ladera is a great community appealing to many families, but most specifically, a very family oriented community that had attracted many first time buyers and families "moving up" during the peak of the market. Many who had taken risky loans and were then caught up in the mortgage issues we faced with loans adjusting and people being forced out who could no longer afford the increased payments. We were then faced with a large amount of inventory that flooded the market. Now, we are at one of lowest inventory levels that we have seen in a long time in this area as well.

Hope that helps. Feel free to contact me with any other questions.
Karen La Rue
Keller Williams Realty
949-433-9653
0 votes Thank Flag Link Mon Mar 2, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer