Wednesday, September 19, 2018

SEPTEMBER 2018 ORANGE COUNTY REAL ESTATE NEWS

HORTON TEAM NEWSLETTER

September 2018

Market Shift
Source: Steven Thomas, Reports on Housing

With an expected market time of 98 days for all of Orange County, sellers really need to pack their patience.

Current sellers have heard about how great the housing market was, generating instantaneous, multiple offers. For years, up until May of this year, sellers had been selling their homes at or near their list prices, and sometimes fetched even more. Yet, the housing market has evolved. The hot seller's market is in the past and is not coming back anytime soon.

In looking at the expected market time, the amount of time it would take to place a home on the market today and open up escrow down the road, it has grown from a low of 51 days at the end of February, to 98 days today. Anything above 90 days is a balanced market, one that does not favor sellers or buyers.




In light of this, sellers need to temper their expectations. First, the best "bait" that is working to bring buyers in today is price. Pricing at or extremely close to a home's fair market value is critical to a timely sale. Sellers also need to pack their patience, as slowing demand and rising supply is giving way to a market that is not delivering instant success regardless of how well a home is priced.

A warning to buyers: it is still not a buyer's market, so paying at or very close to a homes fair market value is vital in securing a home. Buyers writing offers below recent comparable sales are not making an effective use of everyone's time. The market is balanced; there are more choices than before, but there is not a surplus to be seen. Today's inventory has not even reached the long-term average of 8,000 homes and is about to peak for the year. Seller's are not desperate and are not going to cave to a buyer looking for a deal.

The bottom line is that the market is shifting. Sellers need to adjust their expectations and buyer's should not get ahead of themselves.

CURRENTLY LISTED

397 WEYMOUTH PL, LAGUNA BEACH  $7,750,000

WWW.397WEYMOUTH.COM

2561 PARK AVE, LAGUNA BEACH  $3,099,000

WWW.2561PARK.COM

1585 S COAST HWY #4, LAGUNA BEACH  $1,999,000

WWW.1585COAST4.COM

934 LA MIRADA STREET, LAGUNA BEACH  $1,699,000

WWW.934LAMIRADA.COM

1098 WYKOFF WAY, LAGUNA BEACH  $1,599,000

WWW.1098WYKOFF.COM

1489 REGATTA RD, LAGUNA BEACH  $1,599,000


WWW.1489REGATTA.COM

1490 DEL MAR AVE, LAGUNA BEACH  $1,475,000

WWW.1490DELMAR.COM

964 QUIVERA ST, LAGUNA BEACH  $1,429,900

WWW.946QUIVERA.COM

SEPTEMBER 2018 LAGUNA BEACH STATISTICS

Active - 268
Pending - 41
Sold -  33 closed in August

3 - Less than $1,000,000
14 - $1,000,000 - $2,000,000
8 - $2,000,000 - $3,000,000
4 - $3,000,000 - $4,000,000
1 - $4,000,000 - $5,000,000
2 - $5,000,000 - $10,000,000
1 - $35,820,000
LEARN MORE

AMANDA, PAMELA & JACE


Amanda, Pamela & Jace Horton provide a comprehensive source of information and services for anyone buying or selling property. Their services are of the highest quality, guaranteed with proven results.

C 949.422.6122
HortonsInLaguna.com
BRE#01357056
BRE#01013024
BRE#02050612

Tuesday, August 7, 2018

AUGUST 2018 ORANGE COUNTY REAL ESTATE NEWS

HORTON TEAM NEWSLETTER

August 2018


Happy Summer Everyone!

Contact us for a personalized perspective on the market and how it pertains to your possible sale or purchase! Here is an article we found of interest this month. Source: Reports on Housing: Orange County, July 29th, 2018:

 

Orange County Housing is Moving from Seller's Market to a Balanced Market


 

Just Sold in Newport Beach
$3,950,000  Represented Buyers

 

 

New Listing in Laguna Beach
$1,475,000
3 bedroom, 1350 sq ft remodeled ocean & canyon view home
 


www.1490DelMar.com

 

Currently Listed

http://www.2561Park.com

$3,099,000 4 bedroom, 3,764 sq ft home on half acre



http://www.1098Wykoff.com

$1,599,000 3 bedroom remodeled ocean, canyon view home 


http://www.946Quivera.com
$1,475,000 3 bedroom remodeled coastline view home 


 

August 2018 Laguna Beach Statistics 

Active - 269
In Escrow - 44
Sold - 34 closed in July

2 - Sold less than $1,000,000
13 - $1,000,000 - $2,000,000
4 - $2,000,000 - $3,000,000
3 - $3,000,000 - $4,000,000
1 - $10,250,000 
1- $32,000,000
LEARN MORE

AMANDA, PAMELA & JACE


Amanda Horton, Pamela Horton and Jace Horton provide a comprehensive source of information and services for anyone buying or selling property. Their services are of the highest quality, guaranteed with proven results.

C 949.422.6122
Amanda@AmandaHorton.com
HortonsInLaguna.com
BRE#01357056
BRE#01013024

Wednesday, July 18, 2018

JULY 2018 ORANGE COUNTY REAL ESTATE NEWS

 HORTON TEAM
REAL ESTATE NEWSLETTER

 JULY 2018

Thank you for reading our newsletter. This month instead of real estate news we decided to share festival news! Enjoy your summer and the many fun events going on in town.
As always, we 
look forward to being a resource for all of your real estate needs. All the Best, Amanda, Pamela & Jace  

JUST SOLD


1594 Skyline Drive $3,000,000
May 2018 
Represented Seller

22190 Paseo Del Sur $2,510,000
June 2018  
Represented Seller & Buyer

1075 Noria Street $1,800,000
June 2018  
Represented Buyer

3095 Nestall Road $1,385,000
June 2018  
Represented Seller

245 Aster #3 $799,000
July 2018  
Represented Seller

Currently Listed

2561 Park Avenue, Laguna Beach
Half acre ocean view estate  $3,099,000 
http://www.2561Park.com


1098 Wykoff Way, Laguna Beach
Modern remodeled, ocean views $1,599,000
http://www.1098Wykoff.com




946 Quivera Street, Laguna Beach
Beach home perfection, superb views $1,475,000
http://www.946Quivera.com




30902 Clubhouse 8D, Laguna Niguel
Rare end unit with 2 car garage in La Vista $520,000
http://www.30902Clubhouse8D.com


 

July 2018 Laguna Beach Statistics

Active - 284
Pending - 46
Sold in June - 41

2 - Less than $1,000,000
24 - $1,000,000 - $2,000,000 
8 - $2,000,000 - $3,000,000
2 - $3,000,000 - $4,000,000
5 - $5,000,000+

 

LEARN MORE
agent-photo

Amanda Horton 
Pamela Horton
Jace Horton


The Horton Team provides a comprehensive source of information and services for anyone buying or selling property. Their services are of the highest quality, guaranteed with proven results.

C 949.422.6122
F 949.464.3371
Amanda@AmandaHorton.com
HortonsInLaguna.com
BRE#01357056
BRE#01013024
BRE#02050612