22 Dec 2007

Placentia Real Estate Report for November 2007

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If you’re selling a Placentia home  in today’s market it’s essential you know your numbers when it comes to the market activity. It’s also important you hire a REALTOR who is experiences and skilled in changing markets, someone who has experienced other market challenges over the years.

Placentia is well located in Northern OC and like most of  SoCal sales have been sluggish. Actually according to Dataquick, (a marketing data source) our sales activity for November was at a 19 year low for SoCal.

The real estate market report for sales/market activity for November 2007 is as follows:

Single family homes ~ $360,000 to $1,1890,000. Although it should be noted that there are only four homes currently for sale in excess of $1,000,000.

Nov. single family activity includes:

  • 163 single family homes were for sale during November, down from 180 last month. 
  • 10 sales pendings, homes sold and entered escrow for the month, up from 6 last month.  
  • 7 homes closed escrow in November. the same as October.
  • 28 homes were removed from the market, listings expired, were  withdrawn or cancelled  for the month, down from 34 last month and similar to September. 

Condo pricing for November  ~ Prices for condos/town-homes range from a beginning price of $170, 000 to $660,000.

Nov. condo/townhome activity for November  ~

  • 75 condo/town-homes were for sale in the city, compared to 79 last month.
  • 0 pending sales for November, as compared to 7 in Oct.
  • 5 properties closed escrow in Nov. as compared to 4 for Oct.  
  • 10 properties  were removed from the market,  either the listing expired, was withdrawn from the market or cancelled, down from 14 the prior month.

Earlier  Placentia History:  Around the turn of the century the area was ripe for agriculture. Early pioneers convinced the Santa Fe Railroad to re-route the tracks through the area. The area became well known for oranges, avocados to name a few. Packing houses were built and that  was the beginning of placing Placentia on the map. Years later the growth was minimal, to some Placentia was considered to be in the country.  Fast forward until today,  the city is a great place to live with quiet residential streets and the award winning Placentia-Linda School District.

Photo on the left is a 4 bedroom Placentia home recently listed for $669,00  Walking distance to the award winning Golden Elementary School and nearby Koch Park

See more on this traditional beauty at 2109 Mignon,  To learn more on Placentia read “Proud in Placentia”, or visit Placentia Facts, to find out more about Placentia real estate contact me Lynda@PreferredHomBrokers.com.

Preferred Home Brokers has proudly served Northern Orange County including Placentia for more than three decades. You can count on the experience and knowledge of the Preferred Realtors.

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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