I just received the condo sales report for Orange County for the month of September and the average Condo in Orange County is listed for $315,528 while the median list price is $299,000. Just for comparison sake, the average condo in Laguna Woods Village is listed for under $200,000 – that is 1/3rd off what the “average” condo is listed for in Orange County. I have always said that Laguna Woods Village was a bargain!
Also out this week was the sales report for September. 30 condos sold in Laguna Woods Village for an average purchase price of $240,000. 839 Condos sold in all of Orange County last month for a median purchase price of $300,000. Once again, Laguna Woods Village comes in almost 1/3rd less in price on the “buy” side than any other condo in Orange County. BUT, prices are rising, especially the condos on the low end of the market. Average days on market has gone down to 102 days, a little more than 3 months on the market for the average listing… That is down from 150 average days on market 3 months ago. So we are seeing a trend develop! WE ARE AT THE BOTTOM OF THE MARKET RIGHT NOW. I will put that in caps because I really believe it! Inventory is going down and there is pent up demand to purchase – at least in Laguna Woods Village – remember, Real Estate is very local, and what is happening here might not be happening everywhere… If you would like to purchase a home in Laguna Woods Village, call Patrick McNamee at 949-293-7814 or visit his web site at: www.leisureworldre.com
December 17th, 2009 at 10:11 am
How much are association fees? How much do utilities average per month? How much are taxes?
December 17th, 2009 at 11:02 am
Hello Ruth,
I will send you an email with the complete response to all of your questions. The Association fees are outlined in this blog under the heading/ topic, “Association Fees and what they cover”. Electric is the only utility that you need to worry about in Laguna Woods Village, and they average $75 per month normal and perhaps $125 per month during the coldest winter months and warmest summer months. Property Taxes are 1.2% per year of the assessed value of the home, which is basically the purchase price. To make the math easier, on the purchase of a $100,000 home, the property taxes would be $1200 a year…