crescent oaksMARKET UPDATE

H ere’s what is happening in real estate for Crescent Oaks Residents. The most exciting news to report year to date is the increase in average sales price of $1,453,917 (26%) over last years average of $1,150,000! Crescent Oaks homes are selling at 99% of their list

price. Of the 3 homes that have sold year to date, 2 sold above their asking price. The average current price per square foot ($417) is at it’s highest its been since 2008 ($456). 1762 Red Rock Ct. sold in 2012 for $1,350,000 and again recently this year for $1,499,000.

Buyers are clearly making a statement here. As the economy continues to improve and interest rates remain low, buyers are becoming more confident in the market and willing to invest in real estate. Banks are beginning to loosen up on loan qualifications making it more attractive for prospective buyers to enter the market place. If you are thinking of making a move, buyers are willing to pay a premium. We are consistently introducing new buyers to North Ranch on a daily basis. If you are having thoughts of selling or curious what your home is worth, contact us for a comprehensive market evaluation.

If you are thinking of moving, buyers are willing to

pay a premium.

Sergio Gonzalez

310 877 5045 / cell805 267 9521 / officesergio@sgassociates.comwww.sgassociatesre.com

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AVERAGE DAYS ON MARKET

160

120

80

40

0

2008 2009 2010 2011 2012 2013 2014

AVERAGE CLOSED SALES

8

6

4

2

0

2008 2009 2010 2011 2012 2013 2014

AVERAGE LIST PRICE

$1.8 M

$1.6 M

$1.4 M

$1.2 M

$1.0 M

2008 2009 2010 2011 2012 2013 2014

AVERAGE SALES PRICE

$1.7 M

$1.5 M

$1.3 M

$1.1 M

$0.9 M

2008 2009 2010 2011 2012 2013 2014

118

7364

26

147

4

6

4

1

3

1.5 M

1.2 M1.2 M1.2 M1.1 M

1.4 M

1.6 M1.5 M

1.2 M1.2 M1.2 M1.1 M1.2 M

1.6 M

Your home is worth more than you think! Home prices have steadily increased in the community. Find out how much your home is worth in today's market by

visiting NorthRanchHomevalues.com. It’s 97% more accurate than Zillow.

NorthRanchHomeValues.com

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