With the recent downturn on the real estate economy in the last 5 years buyers have been looking for the best deals on the market. Often times this includes as many upgrades as possible in a home to maximize the dollar. In 2012, the real estate market in Dana Point has changed to a seller's market with record low housing inventory and a pint up demand of buyers looking for homes. This has caused prices to slowly go back up as well as causing buyers to consider properties in not so ideal condition.
Fixer upper homes are traditionally not discounted to a large degree, especially in a low inventory market. What they do provide is the opportunity to buy a home at a slightly reduced price and fix up over time to improve the home and it's value. If you are looking for a home in Dana Point you should be open to a home that needs a little TLC. We did a quick search to see how many of these homes were on the market and we only came across 2 listings.
Buyers are eager to get into this market as the bottom of the market has already passed. It's always tough to gauge exactly when to buy a home but with prices moving up it seems like now is the best time to jump back into the market. If you are interested in finding a home in a particular area in Dana Point please let us know. We can set up alerts to let you know when new listings have come on the market. Timing is everything and we are here to help!