Welcome to your monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 73% from one year earlier and down 16% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 65% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 460-thousand dollars. Overall, The number of units sold Decreased 20% year-over-year and Increased 13% month-over-month Despite a slight annual decrease, this upward monthly sales-trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Tustin, CA
Area Information for Tustin, CA
Population:75,876
Median Age:35.43 yr
Median Commute Time:19.77 mins
Educational Climate*:5
Recycling Likelihood**:115
Sales Tax:11%
Population Density:6,855/sq mi
Population Change Since 2000:13%
Closest Airport:John Wayne Airport-orange County
Closest College:Chapman University
Closest Jr. College:Fashion Inst Design-mer Orange
Median Household Income:$72,315
Annual Residential Turnover:34.43%
Median Years in Residence:1.93 yr
Median Home Sales Price:$399,205
Closest Major Sports Team:Los Angeles Angels Of Anaheim
Change Avg. Household Income Since 2000:30%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Tustin, CA
Median Age: 35.43Married: 38%Number of Households: 26,018Households with Children: 9,863
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)