Tuesday, August 8, 2017

AUGUST 2017 ORANGE COUNTY REAL ESTATE NEWS

SALES OF ORANGE COUNTY'S HIGH-END HOUSING COOLS DOWN

The start of summer put a bit of a chill into Orange County homebuying, notably in the market’s upper crust.
Overall, 3,834 Orange County residences closed escrow and officially sold in the 22 business days ending June 27, up just 0.2 percent from a year ago, CoreLogic reported. Sales rose in only 41 of 83 Orange County ZIP codes compared to the year-ago period.
Orange County’s median selling price for all residences was $695,000 — up 5.3 percent compared to a year ago. Prices were up in 57 of 83 Orange County ZIPs compared to the previous year.
27 priciest ZIPs: This niche — median sales price of $770,000 and up — had 1,279 homes sold. That’s up just 0.2 percent compared to a year ago.
Seven-figure ZIPS: In 10 Orange County ZIP codes with median selling prices above $1 million, sales totaled 329 homes, down 1.2 percent compared to a year ago.

Source: OC Register 7/22/17




On July 25th, Amanda was presented an award for Providing Outstanding Value to Clients 
Presented by Surterre Properties founders, owners Paul Ansara-Wilhelm and Gary LeGrand 


CURRENTLY LISTED

22190 Paseo Del Sur - $2,975,000 www.22190PaseoDelSur.com




31423 Coast Hwy #55 - $1,749,000 www.31423Coast55.com


21712 Wesley Dr #7 - $1,149,000  www.21712Wesley7.com
*Also available for lease at $4,495/mo

ESCROW - 983 NORIA, LAGUNA BEACH

Representing Seller and Buyer

JUST SOLD - REPRESENTED BUYERS

9 Woodswallow, Aliso Viejo
1779 N Winlock, Orange
*Yes, we assist outside of Laguna, contact us to get your search started!

JUST SOLD - REPRESENTED SELLER

21703 Ocean Vista 101, Laguna Beach 

AUGUST 2017 LAGUNA BEACH STATISTICS

Active - 256
Pending - 16
Sold - 35

9 - Less than $1,000,000
14 - $1,000,000 - $2,000,000
9 - $2,000,000 - $3,000,000
1 - $3,000,000 - $4,000,000
2 - $4,000,000 - $5,000,000
1 - $5,000,000 - $10,000,000

Tuesday, June 13, 2017

JUNE 2017 ORANGE COUNTY REAL ESTATE NEWS

Orange County Housing Off to a Hot Start in 2017

Source, Orange County Register, May 15, 2017
Orange County’s housing market got off to a broad-based advance to start 2017.
CoreLogic’s compilation of first-quarter sales data shows lots of across-the-board increases in sales trends and pricing patterns in almost every slice of the market.
  • Median selling price, all residences: $650,000 — up 4.8 percent. Prices rose in 66 of 83 Orange County ZIP codes.
  • Total sales: 8,060, up 3.5 percent from a year ago. Sales rose in 50 of 83 Orange County ZIPs.
  • Single-family home resales: 4,817 — up 3.8 percent. Median of $715,000 — up 6.7 percent.
  • Condo resales: 2,339 — up 6.8 percent. Median of $455,000 — up 3.4 percent.
  • Builder sales: 904 new homes — down 5.3 percent. Median of $849,500 — up 6.9 percent.
  • New home share: 11.2 percent of all sales vs. 12.3 percent a year ago.
  • 27 least expensive ZIPs: Median at $588,000 and below — 2,423 homes sold, up 5 percent. Sales rose in 70 percent of these ZIPs.
  • 27 priciest ZIPs: Median beginning at $742,000 — 2,630 homes sold, up 7.2 percent. Sales rose in 59 percent of these ZIPs.
  • Million-dollar ZIPs: 9 with 551 sales, up 13 percent; 10 million-dollar ZIPs a year ago.
  • Priciest ZIP: Newport Coast 92657 at $2.73 million.
  • Cheapest ZIP: Santa Ana 92701 at $277,250.

We apologize it has been a few months since our last newsletter! Spring was a busy market for the Hortons In Laguna. 

  

31291 CeanothusLaguna Beach5/4/2017Seller/Buyer
461 Linden StLaguna Beach5/18/2017Seller
1535 CaribbeanLaguna Beach5/25/2017Buyer
1880 CapistranoLaguna Beach5/26/2017Seller
31959 10thLaguna Beach5/31/2017Seller
275 Beverly ALaguna Beach6/14/2017Seller
-"We whole-heartedly recommend Amanda Horton to anyone seeking to purchase or sell a home in Orange County. She is a true superstar and a class act." Buyer, 1535 Caribbean, Mystic Hills

"Amanda & Pamela Horton are extraordinary agents. I highly recommend them, and would absolutely work with them again." Seller, 1880 Capistrano, Arch Beach Heights

"Amanda Horton is amazing and the most wonderful realtor I've ever had! She is patient, thorough, dedicated, and consistently exceeds high expectations." Seller, 31959 10th Avenue, South Laguna

June 2017 Laguna Beach Statistics

Active - 246
Pending - 52
Sold in May - 43

2 - Less than $1,000,000
26 - $1,000,000 - $2,000,000
9 - $2,000,000 - $3,000,000
0 - $3,000,000 - $4,000,000
1 - $4,000,000 - $6,000,000
3 - $6,000,000-$7,000,000
1 - $10,350,000
1 - $13,000,000

We are always happy to meet with you or any of your referrals to discuss personal real estate situations and needs.

Wishing you all a wonderful summer season!
-Amanda & Pamela


Saturday, March 4, 2017

MARCH 2017 ORANGE COUNTY REAL ESTATE NEWS

Spring is Upon Us! We found this article of interest this month and hope you find it useful too. We are happy to advise on property prep and do so often!
 

6 MUST-DO HOME IMPROVEMENT PROJECTS TO TACKLE BEFORE SELLING A HOUSE


Source, Realtor.com


1. Spruce up the grounds

This is one of the easiest—and cheapest—tricks in the book: Good landscaping can add up to 28% to overall home value.  
Hire a landscaper to give your front yard the once-over, or just clean up the details yourself (e.g., edge the lawn, plant flowers), and update the outdoor furniture on the front porch to give the space a fresh, “buy me now” appeal. 

2. Love the hardwood

Right now, carpeting isn’t just an aesthetic choice—it’s a choice that can actively turn away buyers who can’t see beyond it. Instead of noticing what a wonderful, light-filled living room you have, they can think only about just how much money it will cost to get rid of that nasty old carpet. Do it yourself and save them the trouble. What you have underneath might be far more presentable, with a bit of cleaning and refurbishing. If it isn’t, a new floor is a worthwhile investment.
Decided to keep your carpet? At the very least, make sure to clean it thoroughly before buyers come trekking through your home.

3. Fix windows and doors

So you’re selling an older home, complete with creaking windows and doors that don’t open and close easily after years of use. Maybe you’re hoping buyers will overlook the problems in favor of “charm.” Think again.
You’d be surprised how many people list their property thinking no one will notice that the windows and doors are not opening and closing because they look pretty. When the showings start, believe me, potential buyers are going to open and close windows and doors and learn that something is awry.

4. Paint (and wash!) walls

If any of your rooms are doused in a dark shade, such as eggplant or emerald, cover it up with a coat of light or neutral paint. Buyers find it easier to picture themselves living in a home with neutral walls—plus, they’ll make your home seem larger, cleaner, and far more appealing.
If you still can’t bring yourself to paint over the hues you’ve so carefully selected, consider this: After living in a home for a few years you may become a bit blind to how your walls are showing to newcomers.
Peeling paint, fingerprints, and dings seem to go unnoticed in a lived-in home. Fresh paint on the walls in a neutral color is always best, but if your budget does not permit that, washing the walls and doors goes a long way.

5. Clean the cabinets

If you’ve never sold a house before, you might be surprised by how bold buyers are. Digging through your drawers? Peeking inside your cabinets? How dare they! But buyers are expected to be little investigators—so be prepared before they start sleuthing.
Buyers should be able to see how much storage is available rather than the clutter you might have there. Also, check for any loose drawers, hardware, or shelving so buyers don’t wonder what else might be amiss.

6. Update the lighting

Before putting your home on the market, bring in a second set of eyes to look over your lighting. Is it dated? Does it serve the space poorly?
Finding relatively inexpensive light fixtures can make a big impact and be well worth the investment. Check out your favorite home improvement store for cheap, modern lighting that can make your home go from old news to new and stylish in no time. 

 

Just Listed 
275 Beverly #A
North Laguna

Just Listed
31959 10th Avenue
South Laguna 

 
 

March 2017 Laguna Beach Statistics 

Active - 183
Pending - 56
Sold - 25 in February

1 - Sold less than $1,000,000
13 - $1,000,000 - $2,000,000
5 - $2,000,000 - $3,000,000
2 - $3,000,000 - $4,000,000
4 - $4,000,000+ 

FEBRUARY 2017 ORANGE COUNTY REAL ESTATE NEWS

Considering An Investment Property? O.C. Register reports average asking rent hits $1,800 a month in Orange County.

Highest U.S. rents

Here are the highest apartment asking rents among 82 top metro areas:
Rank
Metro market
Vacancy rate
Avg. asking rent
1
New York
3.3%
$3,493
2
San Francisco
5.0%
$2,932
3
San Jose
3.9%
$2,468
4
Westchester
3.7%
$2,131
5
Oakland-East Bay
3.2%
$2,112
6
Boston
4.7%
$2,111
7
Fairfield County, Conn.
7.4%
$2,056
8
Long Island
2.9%
$1,997
9
Northern New Jersey
3.8%
$1,817
10
Orange County
3.2%
$1,799
11
Los Angeles
3.3%
$1,775
24
San Bernardino/Riverside
2.4%
$1,262

Source: Reis Inc.
Rents ticked up across Southern California in the fourth quarter of 2016 as limited vacancies kept demand high, according to property data firm Reis Inc.
In all, 2016 marked the sixth straight year of steady rent hikes in the region, reports by Reis and others show. Apartment rents are up 15 to 25 percent since 2011.
Orange County tenants paid the 10th highest apartment rent among key U.S. metro areas in the final quarter of 2016, with landlords asking an average of $1,799 a month for a vacant unit, Reis reported.
The monthly rent increased $44 from a year earlier, an increase of 2.5 percent.
Nationwide, average apartment rents increased $47 to $1,304 a month, a 3.7 percent year-over-year rent hike.
Rent hikes throughout Southern California have been sustained by low vacancies. Vacancy rates in the region have held steadily at 4 percent or less for the past five years.
Source, OC Register, February 9, 2017



WOODS COVE - JUST SOLD!

420 Osgood Court, Laguna Beach
$1,135,000

Represented Seller - Closed January 23rd
 

FEBRUARY 2017 LAGUNA BEACH STATISTICS

Active - 171
Pending - 48
Sold -  29 closed in January

1 - Less than $1,000,000
17 - $1,000,000 - $2,000,000
3 - $2,000,000 - $3,000,000
1 - $3,000,000 - $4,000,000
6 - $4,000,000 - $5,000,000
0 - $6,000,000 +

JANUARY 2017 ORANGE COUNTY REAL ESTATE NEWS



Home Buyers' Expectations

  
 
Source, OC Register, January 7, 2017:

Without even shuffling the Taro Cards, shaking the Magic 8 Ball, or reading the tea leaves, home staging, home upgrades and mortgage interest rates will be the most talked about aspects of the residential real estate market in 2017.
Here’s why.
Upgrades: With the proliferation of home improvement shows, there is a heightened sense of expectation buyers are bringing to the table. In 2017, sellers will have to choose to make upgrades – in the current fashion and style – or price their homes accordingly, even if you’ve upgraded in the past.
Home Staging:
Degrees of staging range from using your own furniture and accessories after de-cluttering and de-personalizing the entire house to removing every single one of your possessions so the staging company can work its magic, transforming your house to make it look like a model home.
Houses that are not staged attract fewer interested buyers.
Mortgage Interest Rates: Interest rates will go up this year. How quickly and by how much will be the topic of constant conversation.
Savvy buyers will be tuning up their spreadsheets to calculate the increase in monthly payments with every change in interest rates.

Mystic Hills Neighborhood
1527 Tahiti Drive
Laguna Beach
Just Sold! Closed December 23

-Another Successful Sale
-In The Words of the Seller:
"Thank you so much for all your hard work! You are awesome and you were so kind to do so much to make sure that everything got done for the house. You are very special. Thanks again." 

January 2017 Laguna Beach Statistics

Active - 166
Pending - 36
Sold in December - 28

2 - Less than $1,000,000
13 - $1,000,000 - $2,000,000
9 - $2,000,000 - $3,000,000
2 - $3,000,000 - $4,000,000
1 - $4,000,000 - $5,000,000
1 - $5,850,000

 
We are always happy to meet with you or any of your referrals to discuss personal
real estate situations and needs.

Wishing you all the best for joy, peace and success in 2017!
-Amanda & Pamela