California News Blog

Orange County is notorious across the country as being home to some of the most luxurious homes in America – and some of the country’s highest real estate prices to match. Tustin, California, is a community within Orange County that has seen major fluctuations in its real estate market over the past couple of years, like most all communities in Orange County.

According to the Orange County Register, February was a mixed month for the Tustin real estate market, as it saw an improvement in median prices but a decline in sales volume. February accounted for just 23 sales in Tustin, a decline of 41% from a year ago. However, sales prices for those 23 homes showed a positive trend, with the median price at $390,000, a more than 73% increase from one year ago.

Additionally, realtors at eVantage Real Estate in Orange County reported in March that there were currently 59 detached single-family Tustin homes for sale, with those homes having a median sales price of $599,000 for an average price per square foot of $348. Pricing of the 59 homes ranges from as little as $399,900 for a two-bedroom home to a high of nearly $4.3 million for a five-bedroom.

The condo market in March saw 30 active listings in Tustin. Condos for sale had a median listing price of $345,000 for an average price per square foot of $302. The range of condos stretches from as little as $145,000 for a one-bedroom to $729,000 for a three-bedroom condo. The realtors also report that 48 homes have sold in the past 90 days in Tustin. These homes were sold for a median price of $583,000. Meanwhile, thirty condominiums have sold in the past 90 days in Tustin for a median price of $350,000.