MORTGAGE RATES DIP; LOAN APPLICATIONS DOWN, TOO
|
31405 Monterey Street
$2,249,000
|
1961 San Remo Drive
$2,499,000
|
JULY 2016 LAGUNA BEACH STATISTICS
|
Friday, August 19, 2016
AUGUST 2016 ORANGE COUNTY REAL ESTATE NEWS
Wednesday, June 22, 2016
JUNE 2016 REAL ESTATE NEWS ORANGE COUNTY COASTAL NEWS
Supply of O.C. homes for sale jumps 10% in a month
Orange County homeowners have made a springtime rush to sell, raising the supply of homes listed by 10 percent in a month. ReportsOnHousing said 6,601 homes were for sale in brokers’ listing networks as of June 2, up 336 in two weeks and 601 in a month. Orange County’s housing market, which has struggled with limited options for house hunters, now has supply that’s 5 percent greater than a year ago.
Here’s how supply growth jumped by price level in the past month:
• Under $500,000: Up 7 percent.
• $500,000 to $750,000: Up 17 percent.
• $750,000 to $1 million: Up 15 percent.
• $1 million to $1.5 million: Up 6 percent.
• $1.5 million to $2 million: Flat.
• $2 million to $4 million: Up 5 percent.
• $4 million-plus: Up 7 percent.
ReportsOnHousing analyst Steve Thomas wrote: “As more homes come on the market and demand drops during the summer months, the housing market will cool. It is still a hot housing market, but the growth in inventory is a glaring sign that the window of opportunity to take advantage of the hottest time of the year to sell is closing. Due to the increased competition, the sizzling hot housing market is transitioning to a slight seller’s market.”
Buyers have pulled back in the same period. ReportsOnHousing said 3,022 pending sales were in escrow, virtually the same from a year ago but down 4 percent in two weeks. The last mid-spring drop was in 2010.
But the market has not yet dramatically shifted away from one with a seller’s advantage.
ReportsOnHousing’s “market time” – a benchmark of market speed – showed the typical home selling in 66 days on June 2 vs. 60 days two weeks earlier, and 62 days a year ago. Any reading under 90 days is considered by Thomas to be a “seller’s market.”
Source: OC Register 6/6/16
------------------------------------------------------------------------------------------------
woods cove - just sold!
Listed and In Escrow Within One Week
Our Professionally Coordinated Staging, Pricing and Photography Were Key Factors To This Home Selling Swiftly.
Our Professionally Coordinated Staging, Pricing and Photography Were Key Factors To This Home Selling Swiftly.
Contact Us To Find Out Our Recommendations Specific To Your Home For A Successsful Sale.
------------------------------------------------------------------------------------------------------------
May 2016 LAGUNA BEACH statistics
Active - 255
Pending - 54
Sold - 65
4 - Less than $1,000,000
20 - $1,000,000 - $2,000,000
16 - $2,000,000 - $3,000,000
6 - $3,000,000 - $4,000,000
7 - $4,000,000 - $5,000,000
3 - $5,000,000 - $6,000,000
6 - $6,000,000 - $10,000,000
1 - $10,900,000
1 - $17,500,000
1 - $19,900,000
Pending - 54
Sold - 65
4 - Less than $1,000,000
20 - $1,000,000 - $2,000,000
16 - $2,000,000 - $3,000,000
6 - $3,000,000 - $4,000,000
7 - $4,000,000 - $5,000,000
3 - $5,000,000 - $6,000,000
6 - $6,000,000 - $10,000,000
1 - $10,900,000
1 - $17,500,000
1 - $19,900,000
Tuesday, May 10, 2016
MAY 2016 COASTAL ORANGE COUNTY REAL ESTATE NEWS
|
1070 Miramar St, Laguna Beach www.1070Miramar.com Sweeping panoramic ocean and Catalina Island sunset views from virtually every room of this beautifully remodeled and move-in-ready home. Price Improvement to $1,355,000 |
O.C., L.A. and Inland Empire
Homes
are Overpriced, Trulia Reports
Real estate website Trulia ranks Orange County, Los Angeles and the
Inland Empire among the five most overvalued housing markets in the U.S.
Southern California is home to some of
the most overpriced housing markets in the country. And that's taking the wind
out of the recovery.
Three Southland regions ranked among
the five most overvalued markets in the U.S. in a new report by real estate
website Trulia. These are places where the housing costs have far outpaced
growth in income.
Separately Tuesday, the closely watched
S&P/Case-Shiller index reported that Los Angeles home prices inched down in
January — the first monthly decline in two years.
"Southern California has seen big
price increases since the bottom," said Jed Kolko, Trulia's chief
economist, "without big increases in income."
March 25, 2014|By Tim Logan and Andrew Khouri
-----------------------------------------------------------------------------------------------
We Hope You Had a Happy Mother's Day
In honor of Mother’s Day, the
folks at Trulia found the homes of several of the most beloved moms
in American film, including estimates of how much these six famous houses would
cost today.
From the little yellow
bungalow in Manhattan Beach, CA, where Dorothy Boyd lives in Jerry Maguire; to
the on-screen Atlanta, GA, home of real-life interior designer and mom Leigh
Anne Tuohy in The Blind Side.
Was
your favorite on-screen mom on the list? You can read the short article here, or go straight to the list via this infographic .
To all the moms we hope you had a truly marvelous Mother's Day! |
----------------------------------------------------------------------------------
April 2016 Sales Statistics for Laguna Beach:
243
Active Listings*CRMLS 5/9/16
--------------------------------------------------------------------------------------------
IN ESCROW
After Just Two Weeks on the Market
Listed by
HortonsInLaguna.com
3003 Mountain View Dr, Laguna Beach
$1,695,000
www.3003MtnView.com
Thinking of Buying or Selling?
Amanda and Pamela
Committed To Your Success During
The Best Buying or Selling Experience Possible!
Complimentary Market Evaluations
and Personalized Lists of Homes For Sale.
IN ESCROW
After Just Two Weeks on the Market
Listed by HortonsInLaguna.com
3003 Mountain View Dr, Laguna Beach
$1,695,000
www.3003MtnView.com
After Just Two Weeks on the Market
Listed by HortonsInLaguna.com
3003 Mountain View Dr, Laguna Beach
$1,695,000
www.3003MtnView.com
Thinking of Buying or Selling?
Amanda and Pamela
Committed To Your Success During
The Best Buying or Selling Experience Possible!
Complimentary Market Evaluations
and Personalized Lists of Homes For Sale.
Wednesday, April 13, 2016
APRIL 2016 COASTAL ORANGE COUNTY REAL ESTATE NEWS
 |
| Just Listed by HortonsInLaguna 31405 Monterey St, Laguna Beach Panoramic Ocean Views 4 bedrooms/4 baths 3100 SF $2,395,000 |
In Many Markets Home Sales Are Rising
Sales of existing homes in the United States reached their highest level since 2006 last year. Steady
home value growth has allowed many housing markets to eclipse previous records
set during the housing bubble.
-- Upper price range homes are still seeing a somewhat sluggish market.
--
Home prices are up 5.8 percent from last year.
-- When a home is overpriced most buyers resist making offers not wanting to insult the sellers. Pricing while always key is even more so in today's market.
---------------------------------------------------------------------------------------------------
Why We Are Interested in the Millennial Generation
-- These 18-29 year olds are the next generation of buyers.
-- Their spending is conservative and they are saving money to pay off debt, for retirement and for buying a house. So they may be your future buyer.
-- They are young professionals who prefer a turnkey home that needs little or no work. Modern homes that are cost- and energy-efficient.
-------------------------------------------------------------------------------------------
March 2016 Sales Statistics for Laguna Beach:
212 Active Listings
44 Pending Sales
28 Closed Sales from 3/01/16 - 3/31/16
Sales Statistics:
7 - less than $1,000,000
11 - $1,000,000 - $2,000,000
8 - $2,000,000 - $3,000,000
5 - $3,000,000 - $4,000,000
4 - $4,000,000 - $5,000,000
1 - $5,695,000
2 - $6,000,000 - $7,000,000
1 - $19,125,000
Inventory is starting its normal creep upwards while the number of in escrow sales is about the same. Great news is the 28 closed sales in March, this is significant considering that the number of pending sales did not decrease.
*CRMLS 4/14/16
---------------------------------------------------------------------------------
On Broker Preview this week we thought this Laguna Beach home listed by Keller Williams to be a good buy with 3 beds/2.5 baths, pool and ocean views. $1,595,000.
Thinking of Buying or Selling?
Click
link below to contact Amanda and Pamela.
We offer Complimentary Market Evaluations
and Personalized Lists of Homes For Sale.
Visit us at:
Monday, March 7, 2016
MARCH 2016 COASTAL ORANGE COUNTY NEWS
 |
| Mystic Hills Listed by Amanda and Pamela 1527 Tahiti Ave, Laguna Beach Spacious 5-Bedroom Home with ocean views from most rooms. www.1527Tahiti.com |
CALIFORNIA HOME SALES KICK OFF YEAR HIGHER IN JANUARY, MARKING BEST START IN THREE YEARS
The fundamentals underlying the demand for housing fueled a healthy start to 2016. All totaled, OC home values are up 8.8% versus last year nearing the 2007 peak. $1,000,000 plus homes represent 35.0% of all OC listings.
Rental Rates: ‘Rising rents’ are quickly becoming ‘a life event’ as the top reason homebuyers will look to purchase a home. As it stands, one in four homebuyers is looking to purchase because their rent is too high. When asked what most influenced their decision to buy the only choice buyers cited more frequently was a major life event, such as the birth of a child or a marriage, according to a Redfin survey of 750 homebuyers. Zillow, recently released a report saying although the rental prices may be cooling, the situation remains tough on the ground: rents are still rising and renters are struggling to keep up.
*CAR, Zillow 3/1/15
--------------------------------------------------------------------------------------------------
FEBRUARY 2016 SALES STATISTICS FOR LAGUNA BEACH:
186 Active Listings
47 Pending Sales
46 Closed Sales from 1/01/16 - 2/29/16
Sales Statistics:
10 - less than - $1,000,000
10 - $1,000,001 - $1,500,000
5 - $1,500,001 - $2,000,000
11 - $2,000,001 - $2,500,000
4 - $2,500,001 - $3,000,000
0 - $3,000,001 - $3,500,000
0 - $3,500,001 - $4,000,000
6 - $4,000,001 - $4,500,000
February saw the number of Pending Sales leap by more than 50% but inventory remains very low. Most of the sales activity is below $2.5M.
* CRMLS 03/04/2016
---------------------------------------------------------------------------------
On last week's Broker Preview Amanda thought this Laguna Beach home on Ceanothus Drive listed for $4,699,000 had some of the best views of the day!
Thinking of Buying or Selling?
Click link below to contact Amanda and Pamela
Subscribe to:
Posts (Atom)