Home Inventory Down 26% Year-Over-Year

We monitor communities from Newport Beach to Ladera Ranch. This report covers 10 neighborhoods broken down into 17 product/market segments.

The Neighborhoods and Product Segments:

We have chosen these neighborhoods because they represent a vein or continuous line of average home types and are within 20 minutes of our base of operations so we can effectively service our customers.

This report, our standard for tracking year-over-year market activity, uses the following neighborhoods.  Each is a link to the specific neighborhood market report:

1. Newport - West Bluff / Santa Ana Heights.....SFR (single family residential) 
2. Irvine - Turtle Rock.........SFR         1500 sf  & larger 
3. Irvine - Turtle Rock.........Condo     1100 sf & larger
4. Irvine - Woodbridge........SFR          1500 sf +
5. Irvine - Woodbridge........Condo     1400 sf +
6. Irvine - WestPark............SFR            900 to 3200 sf
7. Irvine - StoneGate...........Condos   1500 sf +
8. Irvine - Portola Springs....SFR         1500 sf +
9. Irvine - Portola Springs....Condo    1500 - 3000 sf
10. Foothill Ranch.................SFR         1500 sf +
11. Portola Hills....................SFR         1500 sf +
12. Coto de Caza...................SFR        $600,000 to $999,000
13. Coto de Caza...................SFR       $1,000,000 to $2,000,000
14. Ladera Ranch .................Condo    1100 to 1800 sf
15. Ladera Ranch..................Condo    1801 sf +
16. Ladera Ranch..................SFR         1500 to 3000 sf
17. Ladera Ranch..................SFR         3001 to 4650 sf

We maintain or have past data on about 32 neighborhoods.
We can develop a report for any neighborhood in California.

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Purpose:

The primary function of this report is to give an impression of Supply and Demand

SUPPLY is defined herein as the number of Active Listings at the Beginning of a month, plus the number of New Listings generated during the month.  This sum totals the Total for Sale during the month.  Effectively these are the 'willing' sellers. 

DEMAND is defined as the number of Contracts Written plus the number of Closings.  Subtract that sum plus any Expired, Canceled or Withdrawn listings from the Total for Sale to produce the Active Listings at the End of Current Month which is effectively the Active at Beginning Of (the next) Month.

 

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Orange County Market Summary Report for August 2017 with Community Ranking