Market Update – Fallingbrook Orleans

Hey everyone,

Quick Market Update here for Fallingbrook Orleans. Let’s get into it and see how it looked!

In April 2016 we had 38 sales, which accounts for 18% of all sales in Orleans that month.

Now let’s get some context moving forward and compare April 2015 to April 2016 so you can see how we are progressing.

One type of property that sells well in Fallingbrook is 2 Story Detached homes. In April 2015 we had 28 sales, for an average of $440,000 and an average time on market of 35 days. April 2016 saw 19 sales, for an average of $411,000 with a time on market of 53 days. So that’s a decrease in sales of 32%, a decrease in price of 6.5%, and an increase in days on market of 34%.

Detached Bungalows are next. Only a few of them sold in April 2015. 2 Sales with an average price of $321,000 and 22 days on market. In April 2016 we saw 3 sales, average price of $460,000 with 30 days on market. That’s a 50% increase in sales, 44% increase in price, ad 36% increase in days on market. Don’t look too much into these percentages because you can’t get any meaningful trend information out of these small numbers.

Townhouses are next. In April 2015 we had 33 sales, for an average price of $284,000 selling in 22 days. In April 2016 we saw 16 sales, selling for $291,000 on average, and in 33 days. That’s a 51% decrease in sales, 2% increase in value, and 50% increase in days on market.

Finally, a few condos sold both last year and this year in Fallingbrook. Last April only 3 condos sold, for an average of $241,000 in 24 days. These were all townhouse condos. This past April we only had 1 condo sale and it was in Club Citadel, sold for $204,000 and in 33 days. Don’t look too much into any trends here because of the small numbers, but sales for condos were down 66%, Price is down 15% and days on Market is up 38%.

That’s it for the market update in Fallingbrook!

Don’t forget we always offer FREE home home evaluations to sellers with NO OBLIGATION to list, and we offer priority access to HOT new listings to buyers, including properties from ALL real estate companies, bank foreclosures, company owned properties and builder closeouts.

Call me anytime at (613)739-5959 or email me at means@evanselattar.com

Talk Soon!