Rancho Santa Margarita vs. Ladera Ranch, by 6 housing measures – Orange County Register

Here are homebuying highlights for Rancho Santa Margarita and Ladera Ranch from ReportsOnHousing for August.

This house-hunting data tracks resales of existing detached and attached residences in the community.

Analysis includes August trends based on closed sales: sale counts; average price vs. average list price; high and low price paid in the month; average cost per square foot and average size; plus, based on broker listing networks stats on Sept. 7, the “market time” metric comparing supply of listings to new escrows opened in past 30 days.

We compare these communities based on a half-dozen key measurements:

In Rancho Santa Margarita …

1. Sales: 75 sold vs. 76 a year ago.

2. Average sales price: $526,959 that ranked No. 40 out of 46 Orange County markets tracked and was up 0.1 percent in a year.

3. Compared to list: Sellers got 99.4 percent of what they typically asked for, ranking No. 9 of the 46 markets.

4. Range: High sale of $950,000 vs. the $280,000 low.

5. Sizing: On average, buyers paid $384 per square foot on a 1,373 square-foot residence. This pricing metric was up 8.4 percent in a year.

6. Market speed: 34 days, listing to escrow opened vs. 45 days a year ago and 64 days two years ago.

In Ladera Ranch …

1. Sales: 56 sold vs. 48 a year ago.

2. Average sales price: $797,789 that ranked No. 18 out of 46 Orange County markets tracked and was up 2.3 percent in a year.

3. Compared to list: Sellers got 99.9 percent of what they typically asked for, ranking No. 5 of the 46 markets.

4. Range: High sale of $2,656,875 vs. the $398,000 low.

5. Sizing: On average, buyers paid $359 per square foot on a 2,225 square-foot residence. This pricing metric was up 13.1 percent in a year.

6. Market speed: 68 days, listing to escrow opened vs. 104 days a year ago and 89 days two years ago.

Compare those patterns to countywide trends …

1. Sales: 3,110 sold vs. 3,069 a year ago, up 1 percent.

2. Average sales price: $831,964 — up 5.8 percent in a year.

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