Real Estate News About The South Orange County Coastal Communities of Laguna Beach, Dana Point, San Clemente, Newport Beach, Corona del Mar, Newport Coast.
Wednesday, June 2, 2021
JUNE 2021 ORANGE COUNTY REAL ESTATE NEWSLETTER
Horton Team Real Estate Newsletter
JUNE 2021
Thank you for reading our newsletter. We strive to keep you informed about the real estate market. If we can answer any questions or be of service, please keep in touch! All the best, Amanda, Pamela & Jace
Where Do Experts Say The Housing Market Is Heading?
Source: Keeping Current Matters May 2021
As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.
Realtor.com
“. . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.”
National Association of Realtors
“Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more encouraged to list and show their homes with a population mostly vaccinated by the mid-year.”
Danielle Hale, Chief Economist at Realtor.com
“Surveys showed that seller confidence continued to rise in April. Extra confidence plus our recent survey finding that more homeowners than normal are planning to list their homes for sale in the next 12 months suggest that while we may not see an end to the sellers’ market, we might see the intensity of the competition diminish as buyers have more options to choose from.”
Freddie Mac
“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”
Bottom Line
Experts are optimistic about the second half of the year. Reach out to us to learn more about the conditions in your local market.
JUST SOLD
Laguna Beach
30722 Driftwood Drive - $2,380,000 Sold within one week! As Is, for $110,000 over list price. Represented Sellers
916 Santa Ana Street - $1,821,500 Sold within one week! Arch Beach Heights Ocean views, over 2,100sf Represented Sellers
JUST SOLD
Aliso Viejo
11 Montara - $635,000 Off Market Find! Represented Buyer
IN ESCROW
Laguna Beach
The Village Laguna Beach Representing Buyer
MARKET STATISTICS
Laguna Beach - June 2021
Active - 128 Pending - 67 Sold in May - 54 Under $1,000,000 - 4 $1,000,000 - $2,000,000 - 10 $2,000,000 - $3,000,000 - 18 $3,000,000 - $5,000,000 - 15 $5,000,000 - $11,000,000 - 7 $24,250,000 - 1
