Santa Ana: Real Estate Market Report

The last market report I did on Santa Ana’s real estate market was two months ago on March 25th. So, is there good news to report? Uh, kind of but not really.

The median home price continues to fall. The current median single family home price is $443,171, down 11% from two months ago. Inventory levels are up slightly to 1,222 properties sitting on the market. However, here’s where there might be good news. While prices are down and inventory is up, the number of days on the market is down to 98 days (down from 107 two months ago). This might be the light at the end of the tunnel we’re all looking for. Once we get more confidence back in the market and get buyers buying again, we’ll be headed for recovery. However, we still may be in for some hurt until we make it to the end.

Data and graphs courtesy Altos Research.

Properties Just Listed

2521 W Sunflower Ave #K4, Santa Ana 92704; 3 bed/2 bath condo; 1,088 sq ft; $179,900

406 E Bishop St, Santa Ana 92701; 4 bed/2.5 bath house; 1,978 sq ft; $299,900

2015 Kilson Dr, Santa Ana 92707; 5 bed/2 bath house; 1,752 sq ft; $369,900

Properties Listed “Awhile”

600 W 3rd St #A218, Santa Ana 92701; 1 bed/2 bath condo; 754 sq ft; $149,000; 326 days on the market

821 S Garnsey St, Santa Ana 92701; 3 bed/1 bath house; 1,130 sq ft; $319,900; 504 days on the market

1224 W 2nd, St Santa Ana 92703; 2 bed/2 bath house; 1,066 sq ft; $539,900; 421 days on the market