Tustin: Real Estate Market Report — Median Price is Up!

Wow, time flies when the market is doing crazy things.  It’s already been three months since I last checked the stats of the market in Tustin. Let’s check out the numbers, you won’t believe what you’ll see.

Thanks to Altos Research, we see that the median Tustin single family home price is… drum roll please, dummm da dumm dumm, $648, 407!  What’s so crazy about this number? It is actually UP from three months ago.  Ok, ok, so it’s up only $3,350 (0.5%), but come on… it’s up! It’s still down from late February, but what’s surprising is that it’s not down again.  Is it the beginning signs of a market recover or the tranditional seasonal sales hike we see in the summer?  Only time will tell.

There are slightly more homes on the market now (238 homes versus 225 homes in May).  The number of days the average Tustin home has been on the market is relatively the same, at 124 days (up from 118).

(Data and graphs courtesy Altos Research)

Properties that are “Bakery Fresh”… Yum!

13292 Fairmont Way, North Tustin 92705; 4 bed/2 bath; 2,224 sq ft; $569,000

14782 Foxcroft Rd, Tustin 92780; 4 bed/3 bath; 2,229 sq ft house; $599,900

12582 Ranchwood Rd, North Tustin 92705; 3 bed/2 bath; 1,820 sq ft house; $749,000

Properties that Should be on the Day-Old Discount Shelf in the Back

1182 Mear Lane, Tustin 92780; 3 bed/2 bath house; 1,427 sq ft; $499,900 (originally $629,900); 552 days on the market

1472 Lance Dr, Tustin 92780; 4 bed/2 bath house; 1,606 sq ft; $625,500 (originally $749,900); 508 days on the market

1447 Charleston, Tustin 92710; 5 bed/5 bath house; 4,191 sq ft; $1,579,000 (originally $1,695,000); 423 days on the market