There are currently 101 homes listed for sale in Coto de Caza. The least expensive home on the market is a 1987 square foot condo on Via Conejo that is listed at $445,000. The most expensive listing measures 14,000 square feet, sits on over nine acres and is listed for $10,995,000, it has been on the market for over a year. There are an additional 25 homes in escrow at this time.
Since the first of the year, 190 homes homes have closed escrow in Coto de Caza. The least expensive sale year to date was a 1350 square foot condo on Oak Knoll which closed for $399,000. The highest sale this year was a home measuring 8600 square feet that sat on 2 acres on Pradera that sold for $7,500,000. This home was on the market for 439 days.
Most experts had predicted that mortgage rates would have risen by now as the Fed was expected to raise rates at the end of the summer. As this hasn’t yet occurred, rates are little changed and actually fell in the last week. The 30 year fixed fell from 3.82% to 3.79% last week and the fifteen year fixed dropped from 3.03% to 2.98%.
If you are considering the sale or purchase of a home in Rancho Santa Margarita, Ladera Ranch, Wagon Wheel Canyon, Dove Canyon, Las Flores, Coto de Caza or any of the surrounding South Orange County communities, please give us a call.