La Cresta Market Report

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La Cresta Market Report

Property Sales

August property sales were 4, up from 3 in August of 2017 and -33.3% lower than the 6 sales last month. August 2018 sales were at a mid level compared to August of 2017 and 2016. August YTD sales of 41 are running 2.5% ahead of last year's year-to-date sales of 40.Property Sales

Prices

The median sales price in August was $862,500, down -13.7% from $998,900 in August of 2017 and down -12.5% from $986,250 last month. The average sales price in August was $991,250, up 0.8% from $982,967 in August of 2017 and down -5.4% from $1,047,917 last month. August 2018 ASP was at a mid range compared to August of 2017 and 2016.

Inventory & MSI

The total inventory of properties available for sale as of August was 73, up 9.0% from 67 last month and up 4.3% from 70 in August of last year. August 2018 Inventory was at a mid range compared to August of 2017 and 2016.  A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2018 MSI of 18.3 months was at a mid range compared with August of 2017 and 2016.

Market Time

The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for August was 132, down from 160 days last month and up from 27 days in August of last year. The August 2018 DOM was at a mid range compared with August of 2017 and 2016.

Selling Price Per Square Foot

The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The August 2018 selling price per square foot of $249 was down -4.6% from $261 last month and down -2.4% from $255 in August of last year.

The total inventory of properties available for sale as of August was 73, up 9.0% from 67 last month and up 4.3% from 70 in August of last year. August 2018 Inventory was at a mid range compared to August of 2017 and 2016.  A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2018 MSI of 18.3 months was at a mid range compared with August of 2017 and 2016.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
41485 Calle Andalucia 4 5 3,706 $1,039,000 $280 8 days
21801 Avenida De Arboles 7 8 6,880 $1,999,950 $290 13 days
41100 Hacienda N/A N/A N/A $169,000 Unknown 288 days
37711 Via Calorin N/A N/A N/A $295,000 Unknown 58 days
Calle Centro N/A N/A N/A $290,000 Unknown 81 days
Avenida La Cresta N/A N/A N/A $290,000 Unknown 81 days
40485 Via Caballos 4 4 4,080 $1,350,000 $330 97 days
37654 Calle De Lobo 4 5 4,170 $1,289,900 $309 100 days
Vineyard View Drive N/A N/A N/A $220,000 Unknown 112 days
25 Alta Cresta Cr N/A N/A N/A $49,000 Unknown 207 days
1 Hacienda N/A N/A N/A $140,000 Unknown 207 days
24 Alta Cresta Cr N/A N/A N/A $49,000 Unknown 207 days
39 Hacienda N/A N/A N/A $175,000 Unknown 207 days
Corte Poma N/A N/A N/A $325,000 Unknown 427 days
23 Alta Cresta Cr N/A N/A N/A $49,000 Unknown 207 days
38 Hacienda N/A N/A N/A $140,000 Unknown 207 days
5 Calle Andalucia N/A N/A N/A $75,000 Unknown 207 days
22 Alta Cresta Cr N/A N/A N/A $49,000 Unknown 207 days
39195 Corte De Ollas 5 4 3,811 $1,095,000 $287 175 days
La Cresta Highland Circle N/A N/A N/A $650,000 Unknown 196 days
6 Calle Nublosa N/A N/A N/A $248,000 Unknown 202 days
8 Hacienda N/A N/A N/A $99,000 Unknown 207 days
18 Hacienda N/A N/A N/A $160,000 Unknown 205 days
Via Sereno (935-220-017) N/A N/A N/A $200,000 Unknown 285 days
40091 Paseo Chaparro 4 3 2,675 $755,000 $282 239 days
Average: 4.7 4.8 4,220 $420,779 $296 234 days
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Viewing 1 - 25 of 37
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
38755 Via Vista Grande 5 5 5,794 $1,399,000 $241 320 days
Average: 5.0 5.0 5,794 $1,399,000 $241 320 days
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Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
19151 Avenida De Louisa 3 4 4,000 $1,550,000 $1,360,000 $340 6 days 12/21/18
39505 Avenida Bonita 4 4 3,529 $1,145,000 $1,110,000 $314 200 days 12/17/18
38850 Via Conteviento 4 4 3,000 $895,000 $880,000 $293 43 days 11/9/18
32 Avenida Escala N/A N/A N/A $70,000 $60,000 Unknown 87 days 9/25/18
33 Avenida Escala N/A N/A N/A $70,000 $65,000 Unknown 76 days 9/14/18
39202 Calle Bandido 3 5 3,987 $994,500 $977,500 $245 99 days 7/31/18
Average: 3.5 4.3 3,629 $787,416 $742,083 $298 87 days
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.