The MLS as of today for the city of San Juan Capistrano has 103 ACTIVE Listings! Ranging in prices from $160k to $12.9 Million! These homes are mostly all regular Standard Sales with one REO (bank owned) and 2 Short Sales offered. What a change from last year! What has been interesting is watching the market over the summer which is traditionally slow, go into overdrive as the inventory was low and the rates started to rise. Now the market has once again taken a bit of a dip (slowing) but only a tad. Any home that is still on the market over the 30 day mark as Active may be overpriced or in a price range that does not have buyers, but mega mansions are selling as is all the lower range prices, most of those to investors. I get calls from New York to out of the Country whenever I list a mid range home especially in the lower price points. There are 31 homes in SJC today that are Pending Status meaning they are no longer accepting BACK UP offers, and in Back Up Status today are 37 homes. What do these numbers mean to us? That housing is being absorbed and Active listings are out there although some have been on the market for a really long time so those may not be going anywhere fast for one reason or another. Anything that is decent and right priced is going fast... The upgraded home is desired, the fixer has to be low priced... If you would like more market data or a market analysis of your home please feel free to call me. Jill McGovern 949-510-9494
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