FItRealtor blog

November 23, 2021 by Edwin Baloloy Leave a Comment

Harbor Lofts in Anaheim – Last 6 months of sales and rental activity

For the Harbor Lofts in Anaheim, the 2nd and 3rd quarters saw prices increase as 9 units were listed and 3 sold.

St#	St Name	L/C Price	Br/Ba	Sqft	DAYS ON MARKET
435 W	Center Street Promenade #304	$550,000.00	3/2	1413	4
435 W	Center Street Promenade #332	$615,000.00	3/2	1547	12
435 W	Center Street Promenade #309	$625,000.00	3/2	1547	28

Before you get excited about the appreciation in the Harbor Lofts, make sure you’re aware the graph above is deceiving. This metric being used is “median sales price”, which can change drastically if the majority of condos sold are the larger 3 bedroom units. While values have definitely increased over the last year, it might not be appropriate to simply think all units went up by 24%.

Harbor Lofts Rental Report – Year-to-date 2021

St#	St Name	Br/Ba	L/C Price	Sqft	Term Started
435 W	Center Street Promenade #417	2/2	$2,700.00	1547	08/26/21
485 W	Center Street Promenade #116	2/2	$2,800.00	1528	07/08/21
435 W	Center Street Promenade #324	3/2	$2,850.00	1547	05/24/21
435 W	Center Street Promenade #423	3/2	$3,050.00	1547	03/15/21

Nearby Apartment Rates – as of Nov 23, 2021

Lex CTR City – $1,832 (611 sq ft studio) to $2,804 (1,188 sq ft, 1 bedroom, 1 bath)

Mix at CTR City – $2,763 (1,147 sq ft, 2 bedrooms, 2 baths) to $3,261 (1,360 sq ft, 2 bedrooms, 2 baths)

November 22, 2021 by Edwin Baloloy Leave a Comment

The Domain in Anaheim – 6 month market report

the 2nd and 3rd quarters of The Domain saw normal market activity with 7 homes listed, 5 closed, and one currently active.

The Domain in Anaheim saw new highs for sales prices of 2 bedroom and 3 bedroom floorpans were set in the last 6 months with sales 4 & 5 below. Despite the ongoing litigation, demand continues to be strong evidenced by many condos selling in under 10 days.

Sales 2 and 6 were cash transactions. For more information on the effect of selling under litigation, refer to my blog created earlier this year.

	St#	St Name	L/C Price	Br/Ba	Sqft	DAYS ON MARKET
1	510 S	Anaheim BLVD #7	$620,900.00	2/2	1085	ACTIVE
2	401 S	Anaheim BLVD #7	$570,000.00	2/2	1149	19
3	435 S	Anaheim BLVD #3	$610,000.00	2/2	1208	4
4	421 S	Anaheim BLVD #5	$622,000.00	2/2	1288	6
5	524 S	Anaheim BLVD #1	$660,000.00	3/2	1644	11
6	405 S	Anaheim BLVD #3	$615,000.00	2/2	1271	5

Domain Rentals – Last 12 months

St#	St Name	Br/Ba	Monthly Rent	Sqft	Gar Spaces
524	Anaheim BLVD #9	3/2	$2,800.00	1336	2
421	Anaheim BLVD #9	3/2	$3,000.00	1336	2
	Address not disclosed	2/2	$2,950.00	1208	2

Nearby Apartment Rates – as of Nov 23, 2021

Lex CTR City – $1,832 (611 sq ft studio) to $2,804 (1,188 sq ft, 1 bedroom, 1 bath)

Mix at CTR City – $2,763 (1,147 sq ft, 2 bedrooms, 2 baths) to $3,261 (1,360 sq ft, 2 bedrooms, 2 baths)

November 21, 2021 by Edwin Baloloy Leave a Comment

Seeing nothing for sale? Anaheim Condo listings drop nearly in half compared to Oct 2020

*41% less listings compared to an already-low 88 homes for sale in October last year.*

*Prices continue to climb for Townhomes and Condos in Anaheim. Source: Pacific West Association of Realtors*

The top chart shows that closed sales dropped in half compared to October 2020. Less listings for sales translates into less pending sales. Less pending sales eventually leads to less closed sales as buyers still continue to flood the market with multiple offers on whatever is left. Condos and Townhomes are selling quicker: 20 days on average compared to 22 days the year prior.

For my own buyers, I have definitely reduced my showings with clients. In 2020, I can often show multiple properties to buyers in the sub-700,000 price range every weekend. Today, it’s common to skip entire weeks with clients as nothing shows up on their reports.

For the local mid-rise communities, even the most active selling buildings, the Stadium Lofts and Chapman Commons will often have instances where there’s literally nothing for sale. What a sharp contrast to when I’ve seen prior spans where more than 10 condos would be in active status.

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September 30, 2021 by Edwin Baloloy

How do the Mid Rise Communities Compare? Stadium Lofts, The Domain, Chapman Commons and Harbor Lofts

Edwin Baloloy compares the Midrise buildings of the Anaheim and Garden Grove area: Chapman Commons, Harbor Lofts, The Domain, and the Stadium Lofts. Location, parking, amenities, and floorpans are compared based on buyer feedback.

Current Listings Available in these communities:

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