Ladera Ranch Short Sale Realtor Analysis

Ladera Ranch Short Sale Experts

This analysis is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Ladera Ranch . This article will report the statistics for Active for Sale and Sold standard listing properties, short sales and bank owned REO’s. Currently, there are 72 detached homes listed for sale in Ladera Ranch , California. The median price of these homes for sale is $849,000 and the average price per square foot is $295 . 34 of these active listings are short sales, and another 3 are bank owned foreclosures, for a total of 37 financially distressed single family homes in Ladera Ranch . These distressed home listings represent 51% of the total inventory of detached homes for sale. The median price of these distressed properties is $699,999 and the average price per square foot is $257 .

There are now 40 condominiums listed for sale in Ladera Ranch . The median price for these listed condominiums is $375,000 and the average price per square foot is $227 . Of this total, 22 are short sale listings, and 4 are bank owned REO condos listed for sale in Ladera Ranch , for a grand total of 26 financially distressed condo listings. The median price of these distressed units is $355,000 , and the average price per square foot is $213 . The ratio of distressed condo listings to the total listings is 65% .

For homes under contract, there are 102 detached homes in escrow on this date, and the median price is $720,000 . Of this total, 77 are short sales in escrow, and another 4 are bank owned REO properties. This is a total of 81 distressed homes, which is 79% of the total detached properties in escrow in Ladera Ranch , and the median price is $699,000 .

For condominiums in escrow, there are now 67 attached units under contract, with a median price of $330,000 . Of this number, 54 are short sales, and 8 are bank owned REO condos in escrow in Ladera Ranch . This total of 62 distressed condos is 93% of the total pending units, and the median price is $339,000 .

In the past 3 months, there have been a total of 77 detached homes that have sold and closed escrow in Ladera Ranch . The median price was $675,000 and the average price per square foot was $254 . Of this total were 27 were short sale properties, and 8 were bank owned foreclosure homes, for a total of 35 distressed homes that have sold in Ladera Ranch in the past 3 months. This number of distressed sales is 45% of the total. The median price was $650,000 , and the average price per square foot was $245 .

In the past 90 days, there have been a total of 43 condo sales with a median price of $365,000 , and an average price per square foot of $230 in Ladera Ranch . Also, there were 24 short sale condos sold, and 4 REO units that sold. This was a total of 28 distressed condos, which is 65% of the total number of units sold in this period. The median price of the sold condos was $355,000 , and the average price per square foot was $223 .

As can be seen above, the ratio of Active distressed listings, to Active total listings is a much higher percentage, compared to the ratio of Sold distressed properties to Sold total properties. This illustrates that short sales fail at a high rate, due to the fact that many agents who attempt to sell and close short sales do not have the required skill or experience to close this types of transactions. Therefore, property owners who owe more than their home is worth, should work with an experienced Ladera Ranch short sale realtor such as the ShortSalesASAP group. For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.