15 Jan 2009

La Habra Real Estate Sales Report December 2008

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La Habra, CA 90631 (not to be confused with La Habra Heights) home sales report for December 2008 shows an increase of activity, yet a continued decline in prices.

This report is intended to give you an overview of the real estate market compared to prior months  in La Habra for both single family homes and condominium sales.

If you’re a home buyer or a home seller it’s essential you have an understanding of today’s real estate market when it comes to market conditions in pricing and inventory. As inventory, (homes for sale) continues to decline it’s still a matter of supply and demand, therefore prices have continued to decline in each month of 2007.

Oneof our biggest issues at this point is financing. While FHA financing is available at increased loan amounts, conventional financing especially in large loan (we refer to as jumbo) remain difficult. If you’re a home buyer you want to begin the loan process in advance of your home search. Once approved you normally have great strength in bargaining on prices.

If you’re a home seller, pricing your ahead of others is crucial for a timely sale. That’s right, pricing it ahead of the competition, including foreclosures/bank owned properties.

Single family homes range in price from $180,000 to $1,675,000, although only 4 were priced over $1,000,000.00 (exactly the same as last two months).

128 homes were for sale, down for the past seven months and compared to 153/180/129/149/153/182/216 prior months.

  • 20 pending sales in escrow during the month, and compared to prior months of 19/34/24/18/25/34/37 pending sales.
  • 42 homes closed DEC, up from 30 last month and compared to 35/2/27/14/25/26 prior months.
  • $471,000 was the average asking price.

$470,000 was the average closed price (up from $432,000 last month and $389,000 the prior month) for 1,680square feet with an average of 101 days on the market.

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Condominiums range from $115,000 to $399,000.

  • 65 condo/town-homes were for sale, as compared to 71/72/63/82/83 in prior months.
  • 7 pending sales (currently in escrow) in escrow, compared in 6/12/23/11/6/5 for prior months.
  • 11 closed, compared to 10/3/8/10 in prior months.
  • $218,300 was the average asking price for a 2 bedroom/2 bath, 1032 square feet with an active days on the market of 92.
  • $199,477 was the average closed price (compared to $202,700) for 2 bedroom/2 bath, 1,012 square feet, with an average time of 69 days on the market.

Check out August 2008 report here, or view September 2008 or October 2008, or see my So Cal Home Prices A Foot At A Time.

La Habra is well known for the lively Children’s Museum,  click here to see more, we’ve been there many times ourselves with our family   If you’re interested in learning more about La Habra check out Living in La Habra, and see why La Habra is a city with a heart.

Want to know more about La Habra Real Estate? Contact me Lynda@PreferredHomeBrokers.com, view Preferred Home Brokers and see why we’re one of the longest established independent brokerages in Orange County under the same ownership

If you are thinking of selling your Orange County home consider this:

  • 84% of all home buyers begin today with the Internet for their home search.
  • 80% of Orange County is on-line.
  • The average age in Orange County is 36 and I don’t know of a “thirty something” person in Orange County who is not on line.
  • For  the maximum on-line marketing exposure contact me Lynda@PreferredHomeBrokers.com
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About the Author


I maintains an active residential re-sale brokerage in Brea, CA, located in Orange County, about 20 minutes north of Disneyland. Contact Lynda directly at (714) 595-1494, or Lynda@PreferredHomeBrokers.com – CA License #00402040

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