Saturday, February 28, 2015

MARCH 2015 COASTAL SOUTH ORANGE COUNTY REAL ESTATE NEWS


Tick Tock...Daylight Savings Starts March 8th
Don't Forget To Set Clocks Ahead One Hour at 2AM March 7th

 
Southern California Home Sales Decline; Median Sale Price Still Up Year Over Year
 
Low inventory leads the California housing market report. Home sales in January fell sharply from December, as they normally do, and dipped modestly from a year earlier, marking the 14th month in the last 16 to post a year-over-year sales decline.
Statistics Can Be Strange: January and February are not necessarily a good indication of what's to come. This is largely because many traditional buyers and sellers drop out of the housing market during the holidays and mid-winter, and therefore don’t close deals during those months. In recent years that's led to somewhat higher concentrations of investor activity for January and February, and this was seen again last month.
Spring Market: Heading into Spring it will be interesting to see whether price appreciation and other factors will finally release a lot of the pent-up supply of homes. More owners have gained enough equity to sell and buy another home and more will be satisfied with how much their homes can fetch. At the same time, recent gains in job and income growth, coupled with low mortgage rates, could stoke demand and put significant pressure on prices unless we see a meaningful jump in inventory.
How Buyers Bought Homes In January:
Foreclosures 5.7%
Short Sales 5.6%
Absentee Buyers 25%
Cash Buyers 24.6%
Jumbo Loans over $417,000 30.7%
Adjustable Rate Loans 11.3%
2/17/15 CoreLogic/DNews
-----------------------------------------------------------------------------------------------------
February Sales for Laguna Beach
 
191 Active Listings
60 In Escrow
20 Closed Sales from 2/01/15 - 2/28/15

 Statistics: 
2 sales under $1 million
10 sales $1-2 million
7 sales $2-3 million
1 sale for $3,200,000

 *Compared to January: Inventory Increased, In Escrow Increased, Sales Down - Source CRMLS 2/28/15

-------------------------------------------------------------------------------------------------------------------

 
Median Sales Price For Coastal Zip Codes for January 2015 Compared to January 2104

Balboa Island - 92662 - 0 - n/a – n/a
Capistrano Beach - 92624 - 4 - $943,000 : 26.8%
Corona del Mar - 92625 - 8 - $1,975,000 : - 14.1%
Costa Mesa - 92626 - 21 - $645,000 : - 5.1%
Costa Mesa - 92627 - 21 - $605,000 : - 22.6%
Dana Point - 92629 - 9 - $986,000 : 25.2%
Laguna Beach - 92651 - 25 - $1,570,000 : 5.9%
Laguna Niguel - 92677 - 44 - $758,000 : - 3.1%
Newport Beach - 92660 - 22 - $1,653,000 : 7.6%
Newport Beach - 92661 - 4 - $1,910,000 : - 4.1%
Newport Beach - 92663 – 13 - $1,439,000 : 27.6%
Newport Coast - 92657 - 8 - $3,875,000 : - 8.1%
San Clemente - 92672 - 23 - $749,000 : 2.6%
San Clemente - 92673 - 25 - $845,000 :  6.6%

*Source DQNews/LATimes 1/25/15

------------------------------------------------------------------------------------------
                          
Just Listed
21711 Wesley Drive B, Laguna Beach 
Affordable - Close To The Beach


Ocean View, Remodeled, With Community Pool
2 Bedrooms, 1 Bath - $575,000
 
 

 


Sunday, February 1, 2015

FEBRUARY 2015 COASTAL SOUTH ORANGE COUNTY REAL ESTATE NEWS

Experience A Window to the Sea of Panoramic Ocean Views
31293 Ceanothus Drive, Laguna Beach



2014 Ends With Home Sales And Prices On The Rise

During December 2014 the number of homes sold increased sharply from November and prices rose modestly from the same time a year earlier, marking one of just two months in 2014 to post a year-over-year gain in sales. Lower mortgage rates and job growth in recent months may account for these increases.

Ongoing Trend: One month doesn’t make a trend, but December’s increase in home sales comes with a renewed interest in housing purchasing. The continued decline in the share of homes sold to investors and cash buyers also comes with a more stable market. Investors like to buy when homes are at bottom prices. Cash buyers become more important when buyers are unable to obtain conventional financing.

Time To Sell? As demand continues to build more inventory will be needed to keep up with increasing sales. As more homebuyers enter the market higher demand and higher home values will lead to a lot more people listing their homes for sale.

Time To Buy? Absolutely! Prices are rising slowly, interest rates are at an all-time low and growth in the economy is steady. First time buyers you can stop leasing and use your hard earned money to purchase a home and an investment in your future. Baby boomers time to find a one level home or move nearer your family. Business people on the rise, buy your dream home. If there is a dream it can be realized with the help of your partners in the future – your real estate experts!
DQNews 1/14/15
------------------------------------------------------------------------------

JANUARY 2015 SALES STATISTICS FOR LAGUNA BEACH

176 active listings
42 in escrow
25 closed sales from 1/01/15 - 1/31/15
 
25 Sales for January 2015:
6 sales under $1 million
11 sales $1-2 million
3 sales $2-3 million
3 sale for $3-4 million
2 sale for $4-5 million

*Source CRMLS 1/31/15


------------------------------------------------------------------------------------------------------------------- MEDIAN SALES PRICE FOR COASTAL ZIP CODES FOR DECEMBER 2014 COMPARED TO DECEMBER 2013

Balboa Island - 92662 - 0 - n/a – n/a
Capistrano Beach - 92624 - 5 - $902,000 : 19.8%
Corona del Mar - 92625 - 13 - $1,995,000 : -43%
Costa Mesa - 92626 - 24 - $645,000 : 4.8%
Costa Mesa - 92627 - 18 - $738,000 : 15.4%
Dana Point - 92629 - 32- $998,000 : 15%
Laguna Beach - 92651 - 293 - $1,750,000 : 14.1%
Laguna Niguel - 92677 - 51 - $820,000 : 21.2%
Newport Beach - 92660 - 34 - $1,451,000 : 7.6%
Newport Beach - 92661 - 6 - $2,325,000 : 27.4%
Newport Beach - 92663 – 15 - $2,125,000 : 27.6%
Newport Coast - 92657 - 11 - $3,200,000 : 49.9%
San Clemente - 92672 - 23 - $840,000 : 12%
San Clemente - 92673 - 29 - $770,000 : -6.1%

*Source DQNews/LATimes 1/25/15

----------------------------------------------------------------------


Interested in Knowing Your Home’s Value?

Contact Pamela and Amanda For Your Personalized Market Evaluation at No Cost or Obligation to You!

Licensed Real Estate Brokers Specializing
                    In the Coastal Real Estate Market

                   Click Here to Contact Pamela and Amanda