Housing Trends Blog: Home Prices In Buena Park, CA

Home Prices In Buena Park, CA

For specific Buena Park neighborhood sales information and current home values call Dave at 714 582-8075. We will email you a FREE current comprehensive neighborhood value report.

The following statistics on the home prices in Buena Park, CA reflect the activity in the entire city. Actual property values and sales trends are dependent on specific location and individual property features. To discover the exact values and trends for a specific property or neighborhood simply click on link below. You will be provided with a current Market Snapshot of your desired area. The report will include current neighborhood market value information, community and school information.

The home market activity this year for single family homes (SFR) in the city has been up and down. Active inventory last month compared to 3 months ago decreased dramatically. This drop in available inventory reflects the steep increase in buyer activity that we are seeing in the market. Also, the homes that are pending sales or under contract and the amount of transactions that closed escrow last month almost doubled compared to 3 months ago. The average single family (SFR) home price in Buena Park, CA showed an slight increase after 9 moths of steady and gradual decline. Condominium sales prices also increased compared to 3 months ago.  The tables below are accurate to May 2nd, 2012.

The table of statistics below are for the Single Family Homes in Buena Park.

The table below is for the condominiums and townhomes.

The table below tracks the Average Sales price for both single family homes and condominiums in Buena Park CA.

The Average Sales Price is determined by analyzing the final selling prices of the properties sold in a specific market area within a 30 day period. The average sales price should not be taken as the definitive present "fair market value." There are several qualities to take into consideration, i.e.: square footage, year built, number of bedrooms and baths, location, etc., that will contribute to the actual appraisal value of the home. It is, however, a strong indicator of the trends in a given market area.

As with Active Inventory, fluctuations in the values may be of benefit to either the buyer or the seller. Scarcity of inventory will often coincide with higher average sales prices.  When the average sales price starts to drop, the inventory will often increase, thus giving buyers greater leverage when negotiating a transaction.

The chart below tracks the Average Days on The Market for all residential properties in Buena Park over the last 12 months.

Days on Market is the period of time from the listing of the property for sale in the Multiple Listing service and either being sold or taken off the market. The Days on Market numbers should be taken into consideration with the Active Inventory and Average Sales Price numbers in order to make an informed decision regarding where the overall market is trending.  

A low number of Days on Market indicates that the market is very active because either the prices are very desirable or the inventory levels are very low and the demand for the property is strong. In these circumstances, the average sales price would tend to rise. High inventory and decreasing average sales price will typically be accompanied by a larger Days on Market number.

 We all continue to find ourselves in perhaps one the most challenging economic environments in the last 25 years. It is probably wise if we all continually stay as well informed as possible. HomeDeals.com is a very helpful website for all things relating to real estate. If you are considering buying or selling real estate in the near future you will be able to access many informative tools and reports at HomeDeals.com.

For the Home Prices staistics for Buena Park's neighboring cities visit: Home Prices for Fullerton & Home Prices For Brea. 

All information deemed to be accurate to 5/2/2012 but not guaranteed.