Currently on sale in Ladera Ranch: 101 Single Family Homes with an average of $387.32/sqft price tag. Check out our Ladera Ranch Real Estate statistics page.
After years of planning, the La Pata extension is finally connecting Ladera Ranch with San Clemente. In an exciting opening event last Saturday, August 8th, 2016, the ribbon was cut and the newly constructed road opened for the public.
A car show, vendor booths, food trucks, live entertainment, exhibits, displays and fun family activities contributed to the festivities.
Does this finalized project make Ladera more attractive? Absolutely. This new road cuts travel time from the Ladera Ranch community to many Southern California attractions and shops (Target, Lowes) by a substantial amount, avoiding the often clogged 5 freeway from San Juan Capistrano to San Clemente.
Photo: OC Register
The Ladera Ranch Sport Center, a 63,000 sqft state-of-the-art gymnasium featuring 8 basketball and volleyball courts, opened on August 8th, 2016.
Over 1,000 community leaders, officials and families showed up for the festivities, which included an autograph session from professional basketball player Tyson Chandler of the Phoenix Suns, a slam-dunk performance by the TNT Dunk Squad, basketball and volleyball contests as well as a kid fun zone.
The high quality center sure helps to put Ladera Ranch on the map. Sports fans from all of Southern California will visit this state of the art center for either training or competition. An asset that certainly enriches our already great community.
Contractors hired by the OC Public Works will be improving deteriorated roadways of Ladera Ranch in various locations. Work begins on May 2016 and will continue through the summer.
The work will require temporary lane closures in specific areas where work is occurring.
Before the housing bust, many buyers were driven by the fear of being out-priced by increasing property prices. For 80 years, with a few minor downturns in between, real estate prices have constantly risen.
“Buy now or be priced out forever” has been a real problem in California real estate for the better part of 40 years. It has been a rational fear because waiting often meant buying less or not buying at all. A strong economy and job growth often outpaces construction, pushing real estate prices higher and higher.
The housing bust changed all that. People now understand the house prices could go down, substituting down in quality just to own is not a wise decision, and priced out can quickly turn to priced in. The urgency is gone, people buy when it is right for their family. Sellers have to be aware and make sure they are pricing accordingly to generate interest from wary buyers.
Gelson’s supermarket in Ladera Ranch is officially open for business. Supported with a ribbon cutting ceremony by the Ladera Rancho Chamber of Commerce, Gelson’s opened its door to the long line of waiting customers. The first 200 received a gift bag.
“We look forward to serving our loyal customers and to introducing many new shoppers to the Gelson’s brand,” said Hee-Sook Nelson, Gelson’s Vice President of Employee Education and Marketing. “As always, we aim to exceed expectations in terms of quality products, cleanliness, convenience, and personal service. We also look forward to being active members of these thriving communities.”
Now is a good time to buy a home or list your home for sale. The national housing market trends show an increase in home sales and a decrease in home inventory. National existing-home sales increased in September to the second-highest pace since February 2007. Interest rates are holding steady near 4 percent, and job growth—while modest in comparison with the first half of the year—is still strong. Rent prices have climbed to an eight-year high, making it less affordable to rent and more affordable to own a home.
National Home Sales Increase
Total existing-home sales reached 5.5 million in September, a 4.7 percent increase from August and an 8.8 percent rise above a year ago. What’s more, for the past 12 months, year over year existing-home sales have increased, according to NAR. Gains were recorded in every region of the country. In the Midwest, existing-home sales climbed 2.3 percent in September; sales are 12 percent higher than September 2014. Sales in the South rose 3.8 percent month over month and 5.7 percent year over year. The largest sales gains in September were seen in the Northeast, with an increase of 8.6 percent, and the West, with an increase of 6.7 percent. Year over year, sales rose in the Northeast and West 11.8 percent and 9.5 percent, respectively.
National Inventory Dips
By the end of September, there was a total of 2.21 million existing homes on the market, a decrease of 2.6 percent. This is 3.1 percent lower than a year ago. At the current sales pace, this level of inventory represents a 4.8-month supply—a drop from August’s 5.1-month supply. Persistent inventory shortages have plagued the housing market all year, yet the market has still posted gains. This is thanks in large part to sellers taking advantage of rising home prices to release equity in their current home and either sell up or downsize. First-time buyers, however, are still struggling to find a way into the housing market. First-time buyers represented only 29 percent of the market in September; this is down from August’s yearly high of 32 percent and unchanged from September 2014’s.
Source: Alliance West Mortgage, INC
Detached Home (Condominium)
3 Bedrooms | 2 ½ Bathrooms
Additional Family Room and 3rd Story Loft
For more info, visit www.10tarleton.com