Tustin: Real Estate Market Report

Hmmm…. what are these new numbers from Tustin showing us today? Well, some good news and some bad news.

While the median Tustin single family home price is down to $645,057 (down 4% from $673,355 in late February), it has recovered a bit from a bigger drop in March. So… while we’re not where we want to be, at least we’re not where we really don’t want to be.

The number of homes on the market is at about the same amount as in February (currently 225 homes versus 223 previously). However, as with median home price, we see a recent change. There was a gradual increase of inventory, until just recently when inventory dropped. Number of days on the market has increased slightly from 118 to 129, but nothing too drastic to make headlines.

Properties That Are New to the Market

15500 Tustin Village Way #76, Tustin 92780; 2 bed/2 bath condo; 1,088 sq ft; $179,500 (foreclosure)

12721 Trent Jones Ln, Tustin Ranch 92782; 3 bed/3 bath condo; 1,700 sq ft; $573,000

1321 E 1st St, Tustin 92780; 4 bed/2 bath house; 2,099 sq ft; $709,000

Properties That Are Oldtimers

13722 Red Hill #85, Tustin 92780; 1 bed/1 bath condo; 696 sq ft; $219,000 (originally $289,000); 525 days on the market

1182 Mear Lane, Tustin 92780; 3 bed/2 bath house; 1,427 sq ft; $599,900 (originally $629,900); 449 days on the market

1881 Mitchell Ave #100, Tustin 92780; 3 bed/2 bath condo; 1,150 sq ft; $325,000 (originally $459,900); 420 days on the market