Monday, November 19, 2007

South County recent sales

Here's a sweep of a handful of South OC properties that have changed hands in the past three months. You'll notice some of the properties that were sold for the first time in many years returned appreciation rates well below those seen by many properties that quickly changed hands during the bubble times.

33571 Binnacle Drive, Dana Point
Sales price: $1,300,000
Sales date: 10/1
Price/ sq ft: $795
Previous sale: $215,500 on 3/23/1984
Yearly appreciation rate: 7.9%

31482 Calle La Purisma #25, SJC
Sales price: $290,000
Sales date: 10/11
Price/ sq ft: $254
Previous sale: $373,500 on 5/09/2007
Yearly appreciation rate: -44.9%

23 Laurelhurst Drive, Ladera Ranch

Sales price: $849,500
Sales date: 10/11
Previous sale: $885,000 on 3/28/2006
Yearly appreciation rate: -2.6%

26572 Nacome Drive, Mission Viejo

Sales price: $547,931
Sales date: 10/3
Price/ sq ft: $403
Previous sale: $134,500 on 4/23/1987
Yearly appreciation rate: 7.1%

22912 Crol Lane, Lake Forest
Sales price: $330,000
Sales date: 10/3
Price/ sq ft: $280
Previous sale: $410,136 on 7/26/2007
Yearly appreciation rate: -68.4%

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