New Market Update - Hanover Development · 2020. 4. 11. · Market Update Joe Richter 949 677-7722...
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Q1 - 2020 Ladera Ranch Condos and Single Family Residences Market Update Joe Richter 949 677-7722 CA DRE 01744150 01980301 1 / 10
Transcript of New Market Update - Hanover Development · 2020. 4. 11. · Market Update Joe Richter 949 677-7722...
Q1 - 2020Ladera Ranch
Condos and Single Family Residences
Market Update
Joe Richter 949 677-7722CA DRE 01744150 01980301
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Joe Richter 949 677-7722CA DRE 01744150 01980301
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Market Snapshot
2015 through Q1 - 2020 Ladera Condos & SFRs
Sales Volume by Median Selling Price vs.Price Category Average Selling Price
2015 through 2020
Count24% Under $525,000 58625% Over $984,000 60050% $525,000 to $984,000 1208
2394
Listings vs. Closings
24%
25%
$525,000 to $984,000
50%
Under $525,000 Over $984,000 $525,000 to $984,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
2015 2016 2017 2018 2019 Q1 - 2020
Average Closed Price Median Closed Price
0
100
200
300
400
500
600
700
800
2015 2016 2017 2018 2019 Q1 - 2020Cnt LISTINGS by Yr Cnt CLOSINGS by Yr
Poly. (Cnt LISTINGS by Yr) Poly. (Cnt CLOSINGS by Yr)
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Comparisonby Neighborhood
Q1 - 2020
Median Selling Price
$0.53M Ladera Condos $0.87M SFR UNDER 3,250 sf $1.35M SFR 3,250 TO 5,000 sf
N/A CUSTOM - N.A.P.
$350,000
$550,000
$750,000
$950,000
$1,150,000
$1,350,000
$1,550,000
Ladera Condos SFR UNDER 3,250 sf SFR 3,250 TO 5,000 sf CUSTOM - N.A.P.
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Q1 - 2020
at a glance
Ladera Condos
0.2%Change in Median Pricing2019 vs. 2018
2019 Results
68Average Days on Market (2019)
158Units Sold / Closed
$530,000Median Selling Price
1100 to 1800Square Foot Range
Snow on Saddleback
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About
Ladera Condos
Q1 - 2020
Median Closed Price
Closed Price vs. Original Price
Closed Units
Average Days on Market
Average Sq. Ft.
2020 $548,000 6.3% 27 77 1,530
2019 $530,000 (2.6%) 158 68 1,508
2018 $529,000 (1.6%) 168 64 1,508
2017 $516,000 (1.4%) 203 62 1,541
2016 $469,800 (1.8%) 215 60 1,501
2015 $451,000 (2.9%) 172 20 1,498
2019 vs. 2018
Change 0.2% (6.0%) 6.9% 0.0%
$420,000
$440,000
$460,000
$480,000
$500,000
$520,000
$540,000
$560,000
0
50
100
150
200
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2015 2016 2017 2018 2019 Q1 - 2020
Listing and Closing Activity by Year
LISTINGS CLOSINGS Average Closed Price Median Closed Price
Ladera Ranch is a tremendous family-oriented master planned community. It is perhaps the best example in
Southern California.
The condos and townhomes in Ladera exhibit a wide range of excellent architecture design and community amenities.
All neighborhoods include parks and rec centers and easy access to bike and hiking trails.
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Q1 - 2020
at a glance
SFR UNDER 3,250 sf
1.8%Change in Median Pricing2019 vs. 2018
2019 Results
68Average Days on Market (2019)
177Units Sold / Closed
$865,000Median Selling Price
1403 to 3247Square Foot Range
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About
SFR UNDER 3,250 sf
Q1 - 2020Median
Closed Price Closed Price
vs. Original Price Closed
UnitsAverage Days
on MarketAverage
Sq. Ft.
2020 $913,000 (4.9%) 26 77 2,351
2019 $865,000 (7.0%) 177 68 2,381
2018 $849,500 (2.0%) 180 64 2,363
2017 $810,000 (2.1%) 207 62 2,363
2016 $775,000 (2.6%) 220 60 2,355
2015 $735,000 (3.2%) 197 20 2,255
2019 vs. 2018
Change 1.8% (1.7%) 6.9% 0.8%
$700,000
$750,000
$800,000
$850,000
$900,000
$950,000
0
50
100
150
200
250
300
2015 2016 2017 2018 2019 Q1 - 2020
Listing and Closing Activity by Year
LISTINGS CLOSINGS Average Closed Price Median Closed Price
At the risks of being redundant let us say, Ladera Ranch is a tremendous family-oriented
master planned community. It is perhaps the best example in Southern California.
The single family homes in Ladera Ranch rough fall into three categories, production homes
less than +/- 3250 sf, production homes up to +/- 4900 sf, and custom homes in the covenant
Hills section that range from +/- 3500 sf to +/- 7000 sf.
Section compares those homes with similar specifications and lot size that have living square
footage of 3,250 sf or less.
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Q1 - 2020
at a glance
SFR 3,250 TO 5,000 sf
0.0%Change in Median Pricing2019 vs. 2018
2020 Results
68Average Days on Market (2019)
79Units Sold / Closed
$1,350,000Median Selling Price
3265 to 4800Square Foot Range
Irvine Spectrum
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About
SFR 3,250 TO 5,000 sf
Q1 - 2020Median
Closed Price Closed Price
vs. Original Price Closed
UnitsAverage Days
on MarketAverage
Sq. Ft.
2020 $1,312,500 (8.4%) 17 77 4,100
2019 $1,350,000 (11.9%) 79 68 3,940
2018 $1,350,000 (1.0%) 87 64 3,915
2017 $1,325,000 (4.7%) 95 62 3,975
2016 $1,236,000 (12.1%) 85 60 3,934
2015 $1,221,000 (7.9%) 92 20 3,973
2019 vs. 2018
Change 0.0% (9.2%) 6.9% 0.7%
$1,150,000
$1,200,000
$1,250,000
$1,300,000
$1,350,000
$1,400,000
$1,450,000
$1,500,000
$1,550,000
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20
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100
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2015 2016 2017 2018 2019 Q1 - 2020
Listing and Closing Activity by Year
LISTINGS CLOSINGS Average Closed Price Median Closed Price
By using this square footage range, we are trying to identify the homes with higher
specification trying to the more expensive model or brand.
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