JANUARY 2016 COASTAL ORANGE COUNTY REAL ESTATE NEWS

26 Homes Sold by Amanda and Pamela in 2015
Here's Amanda in front of 461 Linden St, Laguna Beach
Her Last Sale of the Year


Holiday Sales: Real-Estate Deals Often Surge in December


In the last weeks of the year a surge of homeowners made big moves. With fewer listings for sale, some last-minute shoppers were on the hunt for bargains, while others took advantage of tax benefits for year-end planning. For real estate agents vacation is a relative term.
There was a jump in activity in the second week of December. It was fueled by a wave of price cuts and new listings in November, and a fear of what’s to come: January through the end of February is usually 10% to 20% slower than December in most markets.

Mortgage Information: 
The long, steady recovery from the housing crisis and the recession that followed is nearly over, with the consumer lending market, including mortgages, expected to recover completely in 2016.

Newer vintage mortgage loans have been performing at a delinquency of 2.06% for the last few years. A combination of factors such as the funneling of bad mortgage loans through the foreclosure process, an improvement in the employment picture and an uptick in housing prices were needed to get  the real estate back to normal.

*Wall Street Journal 1/5/16, TransUnion 12/09/15
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DECEMBER 2015 SALES STATISTICS FOR LAGUNA BEACH:

176 Active Listings
41 Pending Sales
30 Closed Sales from 12/01/15 - 12/31/15

Sales Statistics:

 1 - less than - $1,000,000
 6 - $1,000,001 - $1,500,000
 9 - $1,500,001 - $2,000,000
 3 - $2,000,001 - $2,500,000

 3 - $2,500,001 - $3,000,000

 3 - $3,000,001 - $3,500,000

 1 - $3,500,001 - $4,000,000

 4 - $4,000,001 - $4,500,000

30 homes sold in December which is 7 more than in November. Makes this December one of the best months of the year. And it is also the month with lowest number of homes sold for under $1,000,000. Making Laguna Beach's entry level median price over $1,500,000.  With the lending guidelines loosening up it's time to dust off the cobwebs and finish your remodel, a robust Spring market is just around the corner.

*Source CRMLS 12/31/15

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May this new year turn all of your dreams turn into reality and all of your efforts into achievements!
 
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