Placentia Homes Sales Way Up
The Orange County Register, our local newspaper, has just reported that home sales in Orange County are up 55% from this time last year. This number, however, would be MUCH HIGHER if Lansner and his team chose not to include NEW HOME sales which actually do not factor in / weigh in heavily for several cities in Orange County where there are very few new homes for sale.
If new homes sales were not factored in, the resale single family homes and condos sales would actually be closer to 77% instead of 56%. Click here to see the chart, look at bottom –> Chart
How did Placentia homes fare since this time last year? There were 35 homes sold in the 22 business day period ending Oct. 13 which is 75% more homes sold in that same time frame last year. So, when we read that home sales are up 63% or 56% from last year, we usually don’t think about how that breaks down from city to city. One area in Anaheim is over 400% higher in sales volume than last year!
What Does this Mean for Us?
This 75% is significant. People are buying homes in Placentia. Although the number of homes sold does not compare to the 2002 to 2004 gold rush frenzy, 35 homes in a 22 day period is very very good. What we’re seeing is a release of the pent-up demand of “fence sitting” buyers who are now entering the market as they feel that we are close to the bottom (UCLA economists say Summer of 2009). Instead of the extreme buyers market of the past 2 1/2 years, we’re seeing a stabilization of the market as the pendulum swings and the balance shifts back toward the seller and we’re seeing fewer low ball offers and “bottom feeders” coming to steal a home.
Why Buy in Placentia?
Placentia is a city that is passed over. Passed over for cities like Yorba Linda and Brea as one looks at a map and looks left to right from Fullerton to Brea to Yorba Linda. Placentia is a small city in relative size to Fullerton and Yorba Linda. Most people from out of the area don’t even know it exists. But talk to the people who live in Placentia and you’ll hear a completely different story. Placentia truly is a “Pleasant Place to Live.” There are neighborhoods to buy in that rival Yorba Linda and Brea’s finest. The schools are often equal in peformance than Yorba Linda or Brea —-> Scores. Or click here –> Scores.
For boundary maps of which neighborhoods feed to specific Placentia Yorba Linda schools, click here —> WEBSITE and go to SCHOOLS link.
Thinking of buying or selling in Placentia, Yorba Linda, Fullerton, Brea or Anaheim Hills, contact me through my website or call the # on my website —> Click Here.
NIC PETROSSI, Orange County Real Estate Advice 