JANUARY 2015 COASTAL SOUTH ORANGE COUNTY REAL ESTATE NEWS

  

Check Out Our Oceanfront Listing 
Click to view 16531 S Pacific Ave, Sunset Beach

 

Prediction for 2015 - Biggest Year for Home Sales Since 2007

Freddie Mac (Federal Home Loan Mortgage Corporation) has predicted that 2015 will see the highest level of home sales in the U.S. since 2007. This prediction is based on five key consensus predictions for 2014, how they fared, and how they will affect housing and the economy next year. In addition to home sales, the four other areas examined were mortgage originations, home values, rental market, and mortgage rates.

In 2014, home value gains grew at a rate of 4.5 percent, and in 2015, they are expected to increase by 3.0 percent. Rental vacancies fell to their lowest level since 2000 in the last year, and 30-year fixed mortgage rates are expected to average 4.4 percent in 2015 after hovering just below 4 percent in December. 

Low oil prices have been a boon for businesses and consumers alike. Economic growth has picked up over the final nine months of 2014. It is expected the housing market will continue to strengthen with home sales and rental markets continuing to display low vacancy rates and the highest level of new apartment completions in 25 years.

What Is Your Home Worth?
Homeowners on average underestimate the value of their homes 1.6% compared with appraisers' valuations. At the peak of the market in 2005 and 2006, appraisals often came in below owners' estimates, in part because prices were spiraling upward at double-digit rates in overheated markets. In the recession years following the bust, the gap between what owners believed their homes to be worth and appraisers' valuations gradually narrowed. More recently, the trend has shifted to slight underestimates by owners.

Why are owners a little behind on pricing? This is attributed it in part to the fact that owners tend to lag behind market trends. Appraisers are looking at the market all the time, and owners, especially those who are seeking to refinance, are not as likely to stay on top of month-to-month changes.

*Source: CAR 12/22/14
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DECEMBER 2014 SALES STATISTICS FOR LAGUNA BEACH: 

159 active listings
40 in escrow
31 closed sales from 12/01/14 - 12/31/14

31 Sales for December 2014:
4 sales under $1 million
14 sales $1-2 million
10 sales $2-4 million
1 sale for $4,050,000

1 sale for $5,700,000

1 sale for $9,500,000

*Source CRMLS 12/31/14

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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 - 6 - $787,000 : 14.8%
Corona del Mar - 92625 - 9 - $1,600,000 : -27.3%
Costa Mesa - 92626 - 34 - $648,000 : 14.7%
Costa Mesa - 92627 - 20 - $775,000 : 15.4%
Dana Point - 92629 - 16- $847,000 : 4.8%
Laguna Beach - 92651 - 33 - $1,565,000 : 14.1%
Laguna Niguel - 92677 - 51 - $820,000 : 16.3%
Newport Beach - 92660 - 33 - $1,585,000 : -7.9%
Newport Beach - 92661 - 4 - $1,680,000 : -43.1%
Newport Beach - 92663 - 9 - $1,827,000 : 38.9%
Newport Coast - 92657 - 9 - $2,160,000 : -32.0%
San Clemente - 92672 - 28 - $777,000 : -12.2%
San Clemente - 92673 - 9 - $853,000 : 6.6%

*Source DQNews/LATimes 12/26/14

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Nominees Orange County Business Journal Women of the Year!

OCTOBER 2014 COASTAL SOUTH ORANGE COUNTY REAL ESTATE NEWS

Play Golf with Some Interesting Visitors at the
83-Acre Ranch at Laguna Beach Golf Course and Inn



HOME PRICES UP WITH FEWER SALES

 

In Los Angeles and Orange County local house prices are up 40% from the May 2009 the home-price bottom. But these numbers are still 18% below the September 2006 peak. SoCal is reliving an extended period of sales declines, BUT prices keep going up. Home prices continued their two-year rise through May, but at a much slower pace.

 

Higher End Market: More homes are selling for $1 million plus, these sales are up by 11.5%.

 

Countries Buyers Come From To Buy U.S. Homes:

China                                     $22 billion                24% share

Canada                                  $13.8 billion             15% share

India                                      $5.8 Billion               6% share

United Kingdom                 $4.5 billion                5% share

 

Where Do The Chinese Buy Homes: 

California                              35%

Washington                          9%

New York                               7%

Pennsylvania                        6%

Texas                                      6%

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SEPTEMBER 2014 SALES STATISTICS FOR LAGUNA BEACH
235 active listings
65 in escrow
32 closed sales from 9/01/14 - 9/30/14

32 Sales for September 2014:
3 sales under $1 million
13 sales $1-2 million
8 sales $2-3 million

3 sales $3-4 million
1 sale $5,350,000
1 sale $8,750,000
1 sale $10,200,000
1 sale for $15,075,000

*CRMLS 9/30/14
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR AUGUST 2013 COMPARED TO AUGUST 2014

Balboa Island - 92662 - 1 - $2,330,000 – minus 72.2%
Capo Beach - 92624 - 4 - $715,000 – minus 39.9%
Corona del Mar - 92625 - 22 - $2,000,000 – minus 8.5%

Costa Mesa - 92626 - 30- $627,000 – 3%
Costa Mesa - 92627 - 34 - $715,000 – minus 1.9%
Dana Point - 92629 - 268 - $961,000 – 9.9%
Laguna Beach - 92651 - 32 - $2,048,000 – 3.1%
Laguna Niguel - 92677 - 626 - $789,000 – .4%
Newport Beach - 92660 - 36 - $1,680,000 – 6.8%
Newport Beach – 92661 – 11 - $2,075,000 – 23.5%
Newport Beach – 92663 – 14 - $2,013,000 – 43.8%
Newport Coast – 92657 – 14 - $2,450,000 – 2.1%
San Clemente – 92672 – 28 - $770,000 – minus 6.7%
San Clemente – 92673 – 39 - $859,000 – minus 2.4%

**Laguna Beach median sale price $2M+ for the first time.
*Source DQNews/LATimes 9/28/14

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Just Listed: Designer Perfect Village Home
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SEPTEMBER 2014 COASTAL SOUTH ORANGE COUNTY REAL ESTATE NEWS



Sunrise Wednesday morning as the big surf begins to roll in from Main Beach to Seal Rock ...
© Mitch Ridder Photography - All Rights Reserved 2014

CALIFORNIA HOME SALES AND PRICES IMPROVE IN JULY

California home sales posted higher for the second straight month. Home prices rose over sales of June 2014 and also were higher than a year ago. Although, the pace of appreciation continued to slow.

Pending Home Sales: Properties in escrow rose 3.3% last month after slipping 1.25% in June. The index, which tracks contracts signed for previously owned homes, hasn’t been higher since August 2013. The increase from June, which beat expectations of a 0.5% rise, provides another indication that the housing market is strengthening after starting to cool last summer.

Investors: With home prices on the rise, more investors are flipping properties instead of renting them.  In 2014, 28% of investors flipped the property, up from 20% last year. 58% of investors rented their properties in 2014, down from 73% in 2013.  

Mortgage Rates Stay Low: The 30-year, fixed-rate mortgage averaged 4.10% for the week ended Aug. 28, unchanged from a week ago, but down from 4.51% last year, according to Freddie Mac’s Primary Mortgage Market Survey.

Equity Lines: Equity lines of credit are booming. Dollar volume of new loans are highest in areas with the most expensive housing; along the West Coast and Northeast. In CA nearly $6 billion in equity lines were originated in the last 12 month. This rapid increase is the direct result of the gains in home prices along with low interest rates of 3-4%. Key questions: Is this a boom or a bubble? A good thing or an omen? Stay tuned.

*CAR 8/30/14/LATimes 8/31/14

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AUGUST 2014 SALES STATISTICS FOR LAGUNA BEACH

260 active listings 55 in escrow
34 closed sales from 8/01/14 - 8/31/14

34 Sales for August 2014:
9 sales under $1 million
10 sales $1-2 million
7 sales $2-3 million

4 sales $3-4 million
1 sale $4,030,000
1 sale $6,700,000
1 sale $8,200,000
1 sale for $10,200,000

*CRMLS 8/31/14

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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JULY 2013 COMPARED TO JULY 2014

Balboa Island - 92662 - 1 - $860,000 – minus 42.3%
Capo Beach - 92624 - 11 - $825,000 – minus 13.5%
Corona del Mar - 92625 - 14 - $1,605,000 – minus 30.5%

Costa Mesa - 92626 - 28- $687,000 – 14.5%
Costa Mesa - 92627 - 28 - $855,000 – 14.5%
Dana Point - 92629 - 26- $667,000 – minus 4.6%
Laguna Beach - 92651 - 39 - $1,955,000 – 8%
Laguna Niguel - 92677 - 56 - $835,000 – 2%
Newport Beach - 92660 - 52 - $1,600,000 – 3.9%
Newport Beach – 92661 – 7 - $1,800,000 – minus 26.5%
Newport Beach – 92663 – 21 - $2,275,000 – 70.1%
Newport Coast – 92657 – 21 - $2,700,000 – minus .6%
San Clemente – 92672 – 38 - $728,000 – 9.7%
San Clemente – 92673 – 35 - $860,000 – 5.5%

*Source DQNews/LATimes 8/10/14
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Staging a home for sale is an important part of the sale process. We created a booklet of tips for staging that we'd like to share with you; quick easy things to do to make your home more appealing to buyers. Contact us for your free copy at HortonsInLaguna

 

AUGUST 2014 COASTAL SOUTH ORANGE COUNTY REAL ESTATE NEWS



Southland Homes Sales Slow Down;

Price Gains Throttle Back

Sales Pace: Southern California homes sold at the slowest pace for a June in three years as investor purchases fell again and other would-be buyers continued to struggle with inventory and affordability constraints.

Home Prices: Finally increasing at a healthier pace than two years suggests that prices are stabilizing.

Interest Rates: Lower interest rates and stabilizing home prices combined to boost home sales in June. June sales increased 1.5% but were down 4.8% compared to June 2013. 

Foreclosures: Were at a low not seen since late 2005, when the market was almost at its peak, the decline started in July 2006.  Less foreclosures is the result of a stronger economy and higher home values.

Short sales: Where the sale price fell short of what was owed on the property - made up an estimated 5.8% of the state's resale market last quarter. This is down from 13.7% a year earlier.

*DQNews 7/28/14

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JULY 2014 SALES STATISTICS FOR LAGUNA BEACH:

248 active listings
56 in escrow
39 closed sales from 6/01/14 - 6/30/14

39 Sales for July 2014:  6 sales under $1 million
15 sales $1-2 million
8 sales $2-3 million
6 sales $3-4 million
2 sales $4-5 million

1 sale $5,650,000
1 sale $6,675,000

*Increases in all 3 categories up from June 2014
 *Source CRMLS 7/31/14
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JUNE 2013 COMPARED TO JUNE 2014:

Balboa Island - 92662 - 1 - $1,800,000 – minus 18.2%
Capo Beach - 92624 - 9 - $735,000 – minus 5.2%
Corona del Mar - 92625 - 15 - $1,804,000 – minus 7.5%
Costa Mesa - 92626 - 32- $6500,000 – 6.5%
Costa Mesa - 92627 - 25 - $740,000 – 15.5%
Dana Point - 92629 - 23- $8000,000 – 1%
Laguna Beach - 92651 - 43 - $1,555,000 – 1.8%
Laguna Niguel - 92677 - 61 - $776,000 – minus 6.6%
Newport Beach - 92660 - 46 - $1,433,000 – minus 14%
Newport Beach – 92661 – 5 - $1,250,000 – minus 30.6%
Newport Beach – 92663 – 16 - $1,793,000 – 16.4%
Newport Coast – 92657 – 7 - $4,248,000 – 47.9%
San Clemente – 92672 – 29 - $765,000 – minus 10.5%
San Clemente – 92673 – 36 - $793,000 – 8.6%

*Half of the zip codes reported as median price less than in July 2013.

*Source DQNews/LATimes 7/28/14

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MARCH 2014 SOUTH ORANGE COUNTY REAL ESTATE NEWS

Winter Sunset from Montage Resort
by Gregory Schaeffer

Southland Home Sales Drop in January; Price Picture Mixed

SoCal logged its lowest January home sales in three years as buyers continued to wrestle with a tight inventory of homes for sale, a fussy mortgage market and the highest prices in years. The median price paid for a home dipped from December – a normal seasonal decline – but remained 18% higher than January last year.

The Economy: Is growing, but Southland home sales have fallen on a year-over-year basis for four consecutive months now and remain well below average. Why? We’re still putting a lot of the blame on the low inventory. But mortgage availability, the rise in interest rates and higher home prices matter, too.

Pent Up Demand, Inventory: Two of the bigger questions hanging over the housing market right now is, “How much pent-up demand is left out there? And  will inventory skyrocket this year as more owners take advantage of the price run-ups? Unfortunately, we’ll probably have to wait until spring for the answers. When it comes to statistical trends, January and February are atypical months that haven’t proven to be predictive over the years.

Upper End of the Market: The number of homes sold in many middle and up-market areas continued to rise on a year-over-year basis last month, while more affordable markets generally saw less activity than a year earlier.

*Source DQNews 2/14/14

Trending:

Sales Volume is down to 2,105 versus 2,252 a year ago

Average Home Payment is $2,593.68

Inventory is up 5,283 up from 5,087 just one month ago

Mortgage Defaults 378, down 14.9% versus one month ago

Foreclosures 73, down 36.5% versus one month ago

Average Days on Market 2.22 months (64 days)


*Updated 3/17/14

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FEBRUALY 2014 SALES STATISTICS FOR LAGUNA BEACH:

193 active listings
30 in escrow
24 closed sales from 2/01/14 - 28/14

24 closed sale statistics:
5 sales under $1 million
6 sales $1-2 million
5 sales $2-3 million
3 sales $3-4 million
2 sales $4-5 million

1 sale $5,00o,000
1 sale $8,500,000

 *Source CRMLS updated 3/17/14
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JANUARY 2013 COMPARED TO JANUARY 2014:

Balboa Island - 92662 - 2 - $1,950,000 – 18.2%
Capo Beach - 92624 - 6 - $744,000 – 11.8%
Corona del Mar - 92625 - 7 - $2,563,000 – 57.7%
Costa Mesa - 92626 - 15- $680,000 – 25.5%
Costa Mesa - 92627 - 15 - $785,000 – 58.6%
Dana Point - 92629 - 14- $788,000 – 5%
Laguna Beach - 92651 - 20 - $1,400,000 – minus 3.9%
Laguna Niguel - 92677 - 33 - $790,000 – 14.4%
Newport Beach - 92660 - 20 - $1,705,000 – 24.1%
Newport Beach – 92661 – 2 - $2,003,000 – 33.9%

Newport Beach – 92663 – 11 - $1,385,000 – minus 12.6%

Newport Coast – 92657 – 9 - $3,880,000 – 89.3%

San Clemente – 92672 – 25 - $730,000 – 12.1%

San Clemente – 92673 – 26 - $793,000 – 8.6%

*Source DQNews/LATimes 2/28/14

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MARCH 2013 SOUTH ORANGE COUNTY REAL ESTATE

Pamela and Buyer Viewing the Sunset
Taken by Amanda

Southland Begins 2013 With Sales and Price Gains Vs. Year Earlier

This fledgling housing recovery has momentum. Already, price hikes have caused some to question whether it's sustainable, whether it's a 'bubble.' Let's not forget, though, that we're still climbing out of a deep hole from the housing downturn.

Increased Inventory: For the overall market, price pressures should gradually ease as more homeowners react to rising values. This is the 'supply response' many analysts expect. The idea is that many who've held out for higher prices will be tempted to stick a for-sale sign in the front yard. Fewer will owe more than their homes are worth, enabling them to sell. Construction is already rising, and we could see lenders clear backlogs of distressed properties faster, adding to the supply.

Market Conditions: A lot of today's housing demand is fueled not by spectacular job growth and soaring consumer confidence, but by super-low mortgage rates and unusually high levels of investor and cash purchases. Take away any one of those elements and it will matter.

*DQNews 2/26/13

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FEBRUARY STATISTICS FOR LAGUNA BEACH:
167 active listings
65 in escrow
30 closed sales from 2/01/13 - 2/28/13

30 Sales for February 2013:
7 sales under $1 million
7 sales $1-2 million
5 sales $2-3 million
3 sales $3-4 million
1 sale $4.600,000
1 sale $7,100,000

*CRMLS 2/28/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JANUARY 2012 COMPARED TO JANUARY 2013:

City - Zip Code - # Sold - Median Sale Price - % of price change:
Balboa Island - 92662 - 1 - $1,850,000 - minus 4.3%
Capo Beach - 92624 - 6 - $665,000 - 72.7%
Corona del Mar - 92625 - 7 - $1,500,000 - minus 14.7%
Costa Mesa - 92626 - 22 - $544,000 - 20.4
Costa Mesa - 92627 - 25 - $506,000 - 18.8%
Dana Point - 92629 - 14 - $738,000 - 11.3%
Laguna Beach - 92651 - 24 - $1,456,000 - 61.8%
Laguna Niguel - 92677 - 38 - $691,000 - 1.6%
Newport Beach - 92660 - 17 - $1,374,000 - 14.8
Newport Beach - 92661 - 6 - $1,495,000 - minus 35%
Newport Beach - 92663- 11 - $1,585,000 - 100.6%
Newport Coast - 92657 - 13 - $1,850,000 - 19.2%
San Clemente - 92672 - 27 - $651,000 - minus 3.6%
San Clemente - 92673 - 23 - $730,000 - 4.4%

*DataQuickNews/LATimes/CRMLS 2/26/13
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FEBRUARY 2013 SOUTH ORANGE COUNTY REAL ESTATE

The Ocean Is Always A Wonderous Site

MILLION DOLLAR SALES INCREASED BY 34%, ALL HOME SALES INCREASE BY 17% IN 2012


3,631 Orange County homes sold for $1 million or more in 2012, the highest number since 2007. That’s up 34% from 2011′s tally of million-plus sales, compared to an increase of 17% for sales of all homes in the county.
 

Statewide, million-plus sales increased 27% to 26,993, vs. an 8.2% increase for sales in all price ranges. A record number of California buyers, 7,791 or 29% — paid all cash for their mansions, Data-Quick reported. In addition, four Orange County ZIP codes ranked among 25 in the state with the most million-plus sales: Newport Beach’s back bay area (92660) had 362 $1 million-plus home sales, the report said. Laguna Beach (92651) had 307, Corona del Mar (92625) had 256 and Newport Coast (92657) had 228.
 

This increase is attributed in luxury sales to a recovering economy, rising home prices and a record number of cash purchases. The confidence in the market has returned to high-end buyers.

 

JANUARY STATISTICS FOR LAGUNA BEACH:
157 active listings
50 in escrow
20 closed sales from 12/01/12 - 12/31/12

20 Sales for January 2013:
7 sales under $1 million
8 sales $1-2 million
2 sales $2-3 million
3 sales $4-5 million

*CRMLS, DQNews 1/31/13

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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR DECEMBER 2011 COMPARED TO DECEMBER 2012:
City - Zip Code - # Sold - Median Sale Price - % of price change:
Balboa Island - 92662 - 3 - $1,665,000 - minus 28.4%
Capo Beach - 92624 - 9 - $649,000 - 27.3%
Corona del Mar - 92625 - 17 - $1,984,000 - 7.2%
Costa Mesa - 92626 - 30 - $505,000 - 7%
Costa Mesa - 92627 - 37 - $513,000 - .5%
Dana Point - 92629 - 58 - $773,000 - 42%
Laguna Beach - 92651 - 40 - $1,350,000 - 5%
Laguna Niguel - 92677 - 64 - $650,000 - 7.2%
Newport Beach - 92660 - 31 - $1,269,000 - 6%
Newport Beach - 92661 - 9 - $2,375,000 - 17.3%
Newport Beach - 92663- 19 - $1,653,000 - 56.6%
Newport Coast - 92657 - 15 - $2,710,000 - 42.5%
San Clemente - 92672 - 40 - $603,000 - 19.4%
San Clemente - 92673 - 42 - $755,000 - 23.7%

*Orange County posted nearly a 17% gain for the last year with sales rising in 77 of the county's 83 zip codes.

*DataQuickNews/LATimes/CRMLS 1/31/13
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ZIP Codes: 92662, 92625, 92626, 92627, 92624, 92629, 92651, 92677, 92657, 92657, 92660, 92661, 92662, 92663, 92672, 92673

Approximate Location Boundaries: Coastal Communities of South Orange County

Location Characteristics: Specializing in the South Orange County California Coastal Cities known as the "California Riviera." The cities are Balboa Island, Corona Del Mar, Costa Mesa, Dana Point, Laguna Beach, Newport Beach, Newport Coast and San Clemente. From "Castles to Cottages" there is a home here for everyone. Pamela Horton and Amanda Horton look forward to helping you with your real estate needs in this picturesque area!

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JANUARY 2013 SOUTH ORANGE COUNTY REAL ESTATE MARK...




December Sunset and Basketball at Main Beach
Photo by Leah Overstreet

 

CALIFORNIA MEDIAN HOME PRICE HIGHEST YEAR-TO-YEAR INCREASE SINCE JUNE 2004
                                           WITH INTERST RATES HISTORICLY LOW

As the statewide median price continued to register double-digit gains from year-ago levels, strong sales of higher-priced homes led to a year-over-year increase in sales in California during November. This is due to the very low inventory priced under $1 million. The negative impact of a lean housing supply on home sales is becoming more apparent.

Sale Trends: California's median home prices continued to strengthen in November, marking its highest point since August 2008. The significant increase in price is due in part to the change in the mix of sales. Coastal markets, which tend to have high-end properties, accounted for a larger share of total sales which led to stronger price gains overall.

Mortgage Interest Deduction: In the new year it is likely that sales and prices will remain solid. This is dependent upon the strength of the economy and if Congress preserves the valuable mortgage interest deduction that homeowners in California depend on.

Interest Rates: One of the key reasons real estate agents and others often cite for buying a home now is that historically low mortgage rates won't last forever. And they're right. On Thursday, Freddie Mac reported rates at 3.99% for just the second time since 1971. Projected interest rates won't get much higher over the next two years: The forecast predicts that rates will average 4% in 2012 and 4.5% in 2013.

2014 and Beyond: Forecasts then project a steep rise in mortgage rates in 2014 with interest averaging 7.3% from 2015 through 2017 and median home prices increasing 35% over the next six years in Orange County and nearly 53% in California.

DECEMBER 2012 STATISTICS FOR LAGUNA BEACH:
173 active listings
52 in escrow
38 closed sales from 12/01/12 - 12/31/12

38 Sales for December 2012:
12 sales under $1 million
12 sales $1-2 million
8 sales $2-3 million
2 sales $3-4 million
1 sale $4,460,000
1 sale $6,200,000
1 sale $14,025,000 (auction - oceanfront)
1 sale $17,500,000
*CRMLS, DQNews 1/01/13
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COASTAL AREA SALES AND DISTRESS SALE STATISTICS FOR 2012 FROM 01/01/12:
Balboa Island, Corona del Mar, Costa Mesa, Dana Point, Laguna Beach, Laguna Niguel, Newport Beach, Newport Coast, San Clemente

Active Listings = 1028 Distressed = 56
In Escrow Listings = 908 Distressed = 383
Sold from 01/01/12 = 4,891 Distressed = 1,304

*Distress sale amounts are decreasing.
*CRCalMLS 1/01/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR MOVEMBER 2011 COMPARED TO NOVEMBER 2012:

City - Zip Code - # Sold - Median Sale Price - % of price change:
Balboa Island - 92662 - 3 - $1,930,000 - 40.9%
Capo Beach - 92624 - 6 - $575,000 - 20.0%
Corona del Mar - 92625 - 14 - $2,145,000 - 26.4%
Costa Mesa - 92626 - 21 - $515,000 - minus 27.8%
Costa Mesa - 92627 - 24 - $660,000 - 50%
Dana Point - 92629 - 29 - $705,000 - 13.3%
Laguna Beach - 92651 - 42 - $1,150,000 - 4.5%
Laguna Niguel - 92677 - 70 - $650,000 - minus 2.6%
Newport Beach - 92660 - 37 - $1,060,000 - minus 4.4%10.1%
Newport Beach - 92661 - 11 - $1,335,000 - minus 6.3%
Newport Beach - 92663- 20 - $1,263,000 - 36.3%
Newport Coast - 92657 - 21 - $2,350,000 - minus 3.19%
San Clemente - 92672 - 32 - $710,000 - 42.9%
San Clemente - 92673 - 29 - $710,000 - 18.3%

*Only 5 zip codes with lower median price year over year. Info DataQuickNews/LATimes/CRMLS 1/01/13
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ZIP Codes: 92662, 92625, 92626, 92627, 92624, 92629, 92651, 92677, 92657, 92657, 92660, 92661, 92662, 92663, 92672, 92673

Approximate Location Boundaries: Coastal Communities of South Orange County

Location Characteristics: Specializing in the South Orange County California Coastal Cities known as the "California Riviera." The cities are Balboa Island, Corona Del Mar, Costa Mesa, Dana Point, Laguna Beach, Newport Beach, Newport Coast and San Clemente. From "Castles to Cottages" there is a home here for everyone. Pamela Horton and Amanda Horton look forward to helping you with your real estate needs in this picturesque area!

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OCTOBER 2012 SOUTH ORANGE COUNTY REAL ESTATE MARKET CONDITIONS ORANGE COUNTY CA

Laguna Hotel Car Art - Ken Erickson

SOUTHLAND HOME SALES HIT 6-YEAR HIGH; MEDIAN EDGES HIGHER

Southern California home sales rose to the highest level for the month of August in six years, fueled by low mortgage rates, a healthier move-up market and near-record levels of investor and cash buying. The median price paid for a home rose to a four-year high, lifted partly by the ongoing shift toward fewer foreclosure resales and more mid- to high-end deals,

August was the strongest month for home sales so far this year, and the strongest for an August in six years. That's really saying something given the drop in low-end sales, especially foreclosure resales. Much of the pickup in activity reflects a continuation of trends we've seen for months, like the unleashing of pent-up demand in move-up markets and high levels of cash and investor buying.

SEPTEMBER STATISTICS FOR LAGUNA BEACH:
186 homes for sale
74 in escrow
29 closed sales from 9/1/12 - 9/30/12

29 Sales for September 2012:
7 sales under $1 million
12 sales $1-2 million
5 sales $2-3 million
1 sale for $3,175,000
2 sales $4-5 million
1 sale for $6,625,000
1 sale for $20.000.000

*Higher price ranges starting to sell more.
*SoCalMLS, DQNews 10/03/12
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COASTAL AREA SALES AND DISTRESS SALE STATISTICS FOR 2012 FROM 01/01/12:
Balboa Island, Corona del Mar, Costa Mesa, Dana Point, Laguna Beach, Laguna Niguel, Newport Beach, Newport Coast, San Clemente

Active Listings = 1,234 Distressed = 75
In Escrow Listings = 1,039 Distressed = 439
Sold from 01/01/12 = 4,001 Distressed = 1123

*Distress sales are lowering
*SoCalMLS 10/03/12
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR AUGUST 2011 COMPARED TO AUGUST 2012:
City - Zip Code - # Sold - Median Sale Price - % of price change:
Balboa Island - 92662 - N/A - N/A - N/A
Capo Beach - 92624 - 87 - $598,000 - 3.9%
Corona del Mar - 92625 - 20 - $1,605,000 - minus 7%
Costa Mesa - 92626 - 34 - $510,000 - 6.5%
Costa Mesa - 92627 - 27 - $540,000 - 19.6%
Dana Point - 92629 - 31 - $700,000 - 20%
Laguna Beach - 92651 - 37 - $1,500,000 - 46.7%
Laguna Niguel - 92677 - 74 - $660,000 - 48.7%
Newport Beach - 92660 - 54 - $1,276,000 - 2.1%
Newport Beach - 92661 - 5 - $1,575,000 - minus 12.5%
Newport Beach - 92661- 19 - $2,017,000 - 56.7%
Newport Coast - 92657 - 23 - $2,700,000 - 54.8%
San Clemente - 92672 - 35 - $725,000 - 24.5%
San Clemente - 92673 - 32 - $700,000 - 4.5%

*DataQuickNews 10/03/2012
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ZIP Codes: 92662, 92625, 92626, 92627, 92624, 92629, 92651, 92677, 92657, 92657, 92660, 92661, 92662, 92663, 92672, 92673

Approximate Location Boundaries: Coastal Communities of South Orange County

Location Characteristics: Specializing in the South Orange County California Coastal Cities known as the "California Riviera." The cities are Balboa Island, Corona Del Mar, Costa Mesa, Dana Point, Laguna Beach, Newport Beach, Newport Coast and San Clemente. From "Castles to Cottages" there is a home here for everyone. Pamela Horton and Amanda Horton look forward to helping you with your real estate needs in this picturesque area!

Visit HortonsInLaguna.com