May 2013 Placentia CA Real Estate Market Report
By Momentum Realty, Orange County CA Real Estate Agent
(North Orange County CA Real Estate Specialists)
PLACENTIA CA REAL ESTATE LISTINGS HIT A NEW LOW The number of homes for sale in Placentia, California fell to the lowest level in the past 17 months that I've been tracking these figures. As of the end of May, 2013, there were just over 2 dozen total properties for sale in Placentia, and only 7 of those were condos. Attaining an entry level home in Placentia has become nearly impossible, and prices continue to push higher due to the lack of inventory and ensuing bidding wars. A decrease in inventory is extremely unusual at this time of year, and I would have expected to see more summer sellers entering the market, especially with the recent surge in home prices. Pending home sales were virtually unchanged between April and May. However, pending sales figures in May 2013 reflected a 37....
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