For the first time since April, condo and townhome inventory actually fell compared to prior months in Anaheim. Nearby cities such as Garden Grove are experiencing the same tapering off after supply levels skyrocketed back to more normal levels. Compared to the prior year, supply is up significantly, but still not enough to swing things to a buyer’s market.
In this month’s update, I give the most important metrics to give condo owners an idea how the market is and where it’s headed. Active listing count, pending sales, highest closed sale year-to-date, and average days on market are discussed for each building along with a year-over-year comparison for the overall market. The following buildings in the Anaheim area are covered: Chapman Commons, The Domain, Harbor Lofts, Lewis and Mason, and Stadium Lofts.
JUST SOLD BY EDWIN: Sold after one weekend tying highest sales price for 2 bedroom unit
Seasonal cycles usually have inventory peaking every fall and we’re likely to see that trend continue.
Would you like a customized valuation of your condo? Call Edwin at 714-501-2732.
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