North Tustin Weekly Housing Market Update

Posted by David Feldberg on Monday, December 7th, 2015 at 8:26am.

North Tustin Weekly Housing Market Update

North Tustin real estate actually had a pretty busy weekend the week after Thanksgiving.  Normally the market slows down from Thanksgiving through the end of the year but not last week!  Here is a brief synopsis of what happened last week.
 
Last week in North Tustin 7 new homes were listed for sale.  The prices ranged from $699K for a 1780 square foot 4 bedroom 2 bath single family home in East Tustin to a 6000 square foot Cowan Heights estate on over an acre with 6 bedrooms, 5 bathrooms a tennis court, pool, etc listed with a range price for $1,798,000-$1,730,000.  The average listing price was $1,114,843.
 
Three homes went into escrow last week in North Tustin.  The lowest list price was $699K for a home that needed a lot of work on the corner of Hewes and Seventeenth.  Street noise was an issue here and the home needed a complete remodel.  My guess it went into escrow for considerably less then the list price.  
 
Lastly 3 homes closed escrow last week.  Ranging in price from $899K for a 5 bedroom 4 bath home off Yorba st to a 3800 square foot 4 bedroom 4 bath home for $1,425,000 on 1/2 acre in the Red Hill area of North Tustin.  The average percent of list priced received for homes that sold last week was 96%.  Meaning homes that are priced well sell.  Homes that are priced wrong sit and end up selling for less.  
 
If you are thinking of buying or selling a home in North Tustin contact David Feldberg today.

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