JULY 2021 ORANGE COUNTY REAL ESTATE NEWSLETTER

 

Horton Team Real Estate Newsletter

JULY 2021 We are excited about the start of the festival season. We hope you enjoy your summer!   Our best, Amanda, Pamela & Jace Music in the Park is back!  Excerpt from Stu News Laguna  The beloved concert series will take place on the Festival of Arts grounds instead of at Bluebird Park this summer. Entry will be free for Laguna residents. The City will be offering a free trolley service from Bluebird Park to the Festival of Arts on the day of the concerts. The dedicated trolley services will run in loop from 11:30 a.m. to 3:30 p.m. The concerts will be held on July 18, July 25, August 8, and August 25 from 1-2:30 p.m. The lineup of performers is as follows: --July 18: Upstream (Caribbean) --July 25: Woodie and the Longboards (Surf) --August 8: LA Sound Machine (Gloria Estefan) --August 22: Tom Nolan (R&B) The City will be facilitating and funding the performers and the Festival will be providing sound and audio services as well as staffing, The Festival of Arts is providing tables and chairs at no cost, on a first-come, first-served basis. Attendees can bring their own snacks and beverages in a cooler or basket.    Demand For Vacation Homes Is Still Strong  Source: Keeping Current Matters June 2021  The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations. The report from the National Association of Realtors (NAR) shows that this increase in vacation home sales continues in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” and compares that data to the overall residential market. Their findings show: Vacation home sales rose by 16.4% to 310,600 in 2020, outpacing the 5.6% growth in total existing-home sales. Vacation home sales are up 57.2% year-over-year during January-April 2021 compared to the 20% year-over-year change in total existing-home sales. Home prices rose more in vacation home counties – the median existing price rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties. WalletHub ranked Laguna Beach #2 and Newport Beach #4 as 2021 Best Beach Towns to Live In!   JUST SOLD Newport Beach 1801 Port Stanhope - $4,778,000 Sold Off Market Represented Sellers  IN ESCROW Laguna Beach 3121 Bern Drive Laguna Beach Representing Buyer Successfully negotiated through multiple offers to secure Buyer's dream home! MARKET STATISTICS Laguna Beach - July 2021 Active - 117 Pending - 61 Sold in June - 62 Under $1,000,000 - 4 $1,000,000 - $2,000,000 - 15 $2,000,000 - $3,000,000 - 21 $3,000,000 - $5,000,000 - 13 $5,000,000 - $10,000,000 - 5 $10,000,000- $20,000,000 - 4 Follow Us On Instagram  _amandahorton_ Like Us On Facebook!  HortonsInLaguna http://www.facebook.com/hortonsinlaguna   Learn More THE HORTON TEAM www.HortonsinLaguna.com

AMANDA HORTON C 949.422.6122 EMAIL AMANDA DRE#01357096   PAMELA HORTON C 949.633.6667 EMAIL PAMELA DRE#01013024 JACE HORTON C 714.833.1730 EMAIL JACE DRE#02050612