September 2013 Tustin CA Real Estate Market Report
By Momentum Realty, Orange County CA Real Estate Agent
(North Orange County CA Real Estate Specialists)
HOMES SELLING ABOVE ASKING PRICE IN TUSTIN CA In September 2013, the number of homes for sale in Tustin, California increased 16% month over month, and by nearly 66% when compared to one year earlier. Although Tustin real estate listings are up, inventory is still incredibly low, especially in contrast to the inventory levels seen throughout the foreclosure crisis. Tustin remains desirable with move up and first time home buyers due to the city's central location, excellent school district, and local amenities. Pending home sales dropped 6.8% in Tustin, California, compared to the previous month, and declined more than 38% on a year to year basis. The yearly decrease, experienced in September 2013, is a direct result of the reduction of short sale properties in Tustin; as prices have ri...
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