Coto de Caza Real Estate - April 2010 Update
Posted by Leslie Eskildsen on Friday, May 7th, 2010 at 10:32am.April activity in Coto de Caza homes for sale in the three market segments was fairly consistent with March activity
- homes under $1M are selling pretty well, and surprisingly, amlost the exact same number of homes sold (opened escrow - not yet closed) in the $1M - $2M price range as in Coto de Caza homes priced under $1M as you can see in the chart below. Four new opened escrows and no closed sales in the over $2M range - and 5 brand new homes in this high-end came on the market in April. There were 12 closed sales in the under $1M segment and 4 closed in the $1M - $2M range.
As for distressed homes for sale in guard-gated Coto de Caza - 14 of the active listings under $1M are Short Sales, 6 of the $1M - $2M homes currently for sale in Coto are Short Sales, and none of the over $2M price range are Short Sales (based on data from the MLS.) There are 2 active REO homes for sale in Coto - one complete fixer in Oakmont priced at $729,900 and a pristine pool home in Glenmere priced at $1,025,000 (see the video on this one!) Again, pretty consistent with what we saw in the Coto de Caza Real Estate market in March - sales are fairly rapid in the low end, a little bit slower in the mid-range, and pretty stagnant at the high end. The total number of homes for currently for sale in Coto de Caza is spread evenly across all three price ranges.
Price Range | Active Listings | In Escrow in April | Closed in April | Closed Avg DOM |
| Under $1M | 41 | 11 | 12 | 151 |
| $1M - $2M | 35 | 12 | 4 | 89 |
| Over $2M | 37 | 2 | 0 | --- |
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[...]Estate market? Check out this video and then read on....The story remains the same as the April update - there are three markets in Coto. Again, there are an equal number of homes for sale across[...]
Posted on Thursday, June 3rd, 2010 at 12:10 PM.