SEPTEMBER 2013 SOUTH ORANGE COUNTY REAL ESTATE

Pamela and Amanda Sold 15 Homes in Laguna Beach
and 20 Total in the First Half of 2013

"FIRST HALF OF 2013 HOME PRICES AND SALES INCREASED AT A RAPID PACE"

Existing home sales rose by 6.5% in July from June and are up 17.2% since this time last year. Home prices rose 7.7% from May to June. Sales so far in 2013 have surged by a 12% gain not seen since March 2006 when the market started the downward spiral of due to loan defaults. Average home prices across the 20 cities have now reached their spring 2004 level as demand outpaced supply.

Current Market: Now increased inventory is coming on the market as sellers realize it is a good time to sell. Interest rates are rising slightly. Along with the difficulty of obtaining a loan many buyers are taking a step back and assessing their situation.

Lease Market: With home buying demand outpacing supply and rising prices buyers are turning to leasing. Some think it's a good idea to sit back and wait for the buying frenzy to end. Rental rates have stayed stable with inventory sizeable.

*Source LATimes, DQNews 8/29//13

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AUGUST STATISTICS FOR LAGUNA BEACH:

243 active listings
59 in escrow
32 closed sales from 8/01/13 - 8/31/13

32 Sales for August 2013:
5 sales under $1 million
13 sales $1-2 million
4 sales $2-3 million
5 sales 3-4 million
1 sale $4,300,000
2 sales $7-8 million
1 sale $10,500,000
1 sale $12,500,000

*Source CRMLS 8/31/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JULY 2012 COMPARED TO JULY 2013:

Balboa Island - 92662 - 2 - $1,490,000 - 6.8%
Capo Beach - 92624 - 15 - $954,000 - 32.1%
Corona del Mar - 92625 - 29 - $2,267,000 - 29.5%
Costa Mesa - 92626 - 45- $600,000 - 23.1%
Costa Mesa - 92627 - 49 - $748,000 - 22.1%
Dana Point - 92629 - 38 - $910,000 - 30%
Laguna Beach - 92651 - 41 - $1,863,000 - 35.5%
Laguna Niguel - 92677 - 86 - $812,000 - 26.9%
Newport Beach - 92660 - 55 - $1,550,000 - 24.8%

                                                                         

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AUGUST 2013 SOUTH ORANGE COUNTY REAL ESTATE

Pamela & Amanda OC Business Journal
Women in Business Award Nominees in 2013



EXISTING HOME SALES SKYROCKETED IN JUNE

Southern California home prices increased 28.3% in June compared to a year ago. The jump was greater than any year-over-year pop seen during the housing boom and the most since January 1989, the first time Data-Quick started tracking these figures.

This market's getting really interesting. There are signs the "blistering pace" of rising home prices won't continue due to rising mortgage rates and the fact that more home owners are waking up to this reviving market and listing their houses for sale.

Why are people moving? Western US leads in people moving more this year more than in the last 5 years. Responses noted: Newer or better home 50%, Better neighborhood 30%, Easier commute 21%

*Source DQNews 7/29/13

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JULY STATISTICS FOR LAGUNA BEACH:

234 active listings
54 in escrow
33 closed sales from 7/01/13 - 7/31/13

33 Sales for JULY 2013:5
5 sales under $1 million
16 sales $1-2 million
8 sales $2-3 million
2 sales $3-4 million
1 sale $8,000,000
1 sale $9,000,000

*Source CRMLS 7/31/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR JUNE 2012 COMPARED TO JUNE 2013:

Balboa Island - 92662 - 2 - $2,200,000 -minus 14.9%
Capo Beach - 92624 - 6 - $790,000 - 26.4%
Corona del Mar - 92625 - 15 - $2,000,000 - 28.4%
Costa Mesa - 92626 - 31- $610,000 - 17.3%
Costa Mesa - 92627 - 37 - $613,000 - 13.4%
Dana Point - 92629 - 32 - $763,000 - 2.5%
Laguna Beach - 92651 - 38 - $1,555,000 - 11.1%
Laguna Niguel - 92677 - 64 - $833,000 - 36.9%
Newport Beach - 92660 - 38 - $1,650,000 - 25.8%
Newport Beach - 92661 - 5 - $1,800,000 - 12.5%
Newport Beach - 92663- 14 - $1,463,000 - 28%
Newport Coast - 92657 - 18 - $3,145,000 - 71%
San Clemente - 92672 - 27 - $865,000 - 45.5%
San Clemente - 92673 - 49 - $855,000 - 22.1%

*Source DQNews/LATimes 7/29/13

Oceanfront Cape Cod Masterpiece

                                                  Visit Our Oceanfront Cade Cod Listing

JULY 2013 SOUTH ORANGE COUNTY REAL ESTATE

Take a Ride on a Laguna Beach Free Trolley for Enjoying Summer Events!



SOUTHLAND MAY HOME SALES HIGHEST IN 7 YEARS; MEDIAN PRICE HITS 5-YEAR HIGH

Yes, the real estate market has followed its natural course of 7-10 years for the market to cycle. We fail understand why everyone is so surprised. The market has a cyclical length of 6-10 years. The cycle started in 1997 when sales started to increase after the down market of the 90's. From 1997 to mid 2006 were the boom years. Then the market tanked due to the harrowing lending fiasco leading to more foreclosures and short sales than have ever been seen before and in a much larger and more intense decrease in price than in any prior years.

Finally when the distress properties were mostly sold for much less that had been paid, equity sellers return to the market as prices start to increase and they can now sell for a profit. So it shouldn't be such a surprise that the median price and increase in prices is occurring in every market; with the hardest hit markets having the best of recoveries.

The Recovering Economy: In a sign of real progress, employers are creating jobs faster than the labor market is growing. Just a few years ago, California was hemorrhaging tens of thousands of jobs and had one of the highest unemployment rates.

The Million-Dollar Market: The number of homes sold for a million dollars has risen to a high not seen since 2007, fueled by a recovering economy, rising home prices and a very key point - a record number of cash purchases.

*Source DQNews 6/30/13
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JUNE STATISTICS FOR LAGUNA BEACH:

217 active listings
57 in escrow
38 closed sales from 6/01/13 - 6/30/13

38 Sales for JUNE 2013:
7 sales under $1 million
20 sales $1-2 million
6 sales $2-3 million
1 sale $3,950.00
3 sales $6-7 million
1 sale $7,500,000

*Source CRMLS 6/30/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR MAY 2012 COMPARED TO MAY 2013:

Balboa Island - 92662 - 4 - $1,350,000 -minus 25%
Capo Beach - 92624 - 8 - $1,450,000 - 199%
Corona del Mar - 92625 - 15 - $2,000,000 - 28.4%
Costa Mesa - 92626 - 34- $610,000 - 30.2%
Costa Mesa - 92627 - 36 - $650,000 - 34%
Dana Point - 92629 - 36 - $1,550,000 - 40.6%
Laguna Beach - 92651 - 55 - $1,550,000 - 11.3%
Laguna Niguel - 92677 - 77 - $730,000 - 32.1%
Newport Beach - 92660 - 51 - $1,500,000 - 19%
Newport Beach - 92661 - 10 - $3,425,000 - minus 5.2%
Newport Beach - 92663- 18 - $1,420,000 - minus 4.1%
Newport Coast - 92657 - 28 - $2,250,000 - 18.5%
San Clemente - 92672 - 36 - $767,000 - 20.8%
San Clemente - 92673 - 43 - $808,000 - 13.4%

*Source DataQuickNews/LATimes 6/30/13

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16 Homes Sold in 2013 by Pamela and Amanda

Let us put our real estate expertise to work for you whether Buying or Selling we are Coastal Orange County Real Estate Experts

Click Here to Visit Hortons In Laguna Website

 

 

 

JUNE 2013 SOUTH ORANGE COUNTY REAL ESTATE

Heisler Park
Great for a stroll along the oceanfront, bring your picnic basket!

 

HIGHEST APRIL HOME SALES SINCE '06; MEDIAN PRICE NEARS 5-YR HIGH

Southern California homes sold at the fastest pace for an April in seven years amid the release of pent-up demand for move-up homes and high levels of investor purchases.

Median Sale Price: Rose to a 58-month high, reflecting both home price appreciation as well as the simultaneous plunge in foreclosure resales and surge in mid- to up-market buying.

Foreclosures and Short Sales: Made up only 12.4% of all sales and short sales made up only 17.7%. Last month's figure was the lowest since it was 10.0% in August 2007. In the current cycle, foreclosure resales hit a high of 56.7% in February 2009.

*Source DQNews 5/14/13

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MAY STATISTICS FOR LAGUNA BEACH:

219 active listings
62 in escrow
44 closed sales from 5/01/13 - 5/31/13

44 Sales for May 2013:
7 sales under $1 million
23 sales $1-2 million
6 sales $2-3 million2
2 sales $3-4 million
1 sale for $4.6 million
3 sales $6-7 million
1 sale $8,100,0001
1 sale for $13,650,000

*As inventory of under $1M listings decreases, the over $1M listings show increased sales.Someone said recently, "The new $1million is now $2Million.

*Source CRMLS 5/31/13
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COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR APRIL 2012 COMPARED TO APRIL 2013:

Balboa Island - 92662 - 6 - $1,650,000 - 26.9%
Capo Beach - 92624 - 7 - $853,000 - 2.9%
Corona del Mar - 92625 - 16 - $2,100,000 - 35.5%
Costa Mesa - 92626 - 40- $595,000 - 26.6%
Costa Mesa - 92627 - 25 - $760,000 - 38.6%
Dana Point - 92629 - 32 - $876,000 - 32.9%
Laguna Beach - 92651 - 40 - $1,388,000 - 12.8%
Laguna Niguel - 92677 - 88 - $740,000 - 20.3%
Newport Beach - 92660 - 58 - $1,599,000 - 31.1%
Newport Beach - 92661 -4 - $1,700,000 - 18.5%
Newport Beach - 92663- 17 - $1,900,000 - 68.1%
Newport Coast - 92657 - 20 - $2,313,000 - minus 14.4%
San Clemente - 92672 - 29 - $647,000 - minus 5.5%
San Clemente - 92673 - 51 - $825,000 - 20.4%

*Only 2 zip code with minus %, and all median prices are up along with sales median sale prices.
*Source DataQuickNews/LATimes 5/24/13

 

 

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MAY 2013 SOUTH ORANGE COUNTY REAL ESTATE

Crescent Bay Breaking

Grace-E-Photography – Age 14

 

SOUTHLAND MEDIAN HOME SALE PRICE CLIMBS AGAIN

 

The median price paid for a Southern California home hit a 56-month high in March, rising 23.4 percent from a year earlier as the impact of foreclosures continued to fade and sales of mid- to high-end homes shot up. Total sales were the highest in six years for a March despite a sharp drop in sub-$300,000 deals, a real estate information service reported.

CASH SALES: A record number of CA homes bought with cash. It's clear that a lot of today's housing market recovery is being fueled by people putting their own money into homes. Some cash buying is part of a normal housing market, but we're at twice that normal rate. There are always some rich people, also buyers from abroad, but in a normal market the biggest single category would be retirees and empty-nesters who are down-sizing. Today, a lot of buyers are chasing what they view as the deal of a lifetime.

 

 

MILLION DALLAR HOME SALES: The number of homes CA for a million dollars or more rose to its highest level since 2007, fueled by a recovering economy, rising home prices and a record number of cash purchases. The number of homes sold for more than $5 million rose to an all-time high.

 

MORTGAGE RATES: Rates fall for the 3rd week.
According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week's 3.43 percent and 3.90 percent year-over-year.

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APRIL STATISTICS FOR LAGUNA BEACH:

196 active listings
74 in escrow
35 closed sales from 4/01/13 - 4/31/13

36 Sales for April 2013:
7 sales under $1 million
16 sales $1-2 million
sales $2-3 million
1 sales $3-4 million
2 sales $4-5 million
2 sales $6-7 million
1 sale $10,750,000

*CRMLS/CAR 4/30/13 -----------------------------------------------------------------------------------------------------------------

COASTAL ZIP CODES BY MEDIAN SALES PRICE FOR MARCH 2012 COMPARED TO MARCH 2013:

Balboa Island - 92662 - 3 - $1,720,000 - minus 83.7%
Capo Beach - 92624 - 9 - $500,000 - 12.4%
Corona del Mar - 92625 - 26 - $2,100,000 - 18.6%
Costa Mesa - 92626 - 31- $560,000 - 16.2%
Costa Mesa - 92627 - 43 - $665,000 - 24.6%
Dana Point - 92629 - 28 - $715,000 - 7.9%
Laguna Beach - 92651 - 35 - $1,400,000 - 0%
Laguna Niguel - 92677 - 50 - $720,000 - 21.5%
Newport Beach - 92660 - 47 - $1,300,000 - 21.5%
Newport Beach - 92661 - 2 - $1,708,000 - 65.1%
Newport Beach - 92663- 18 - $1,550,000 - 2.6%
Newport Coast - 92657 - 22 - $2,998,000 - 58.6%
San Clemente - 92672 - 38 - $660,000 - 41.8%
San Clemente - 92673 - 41 - $778,000 - 13.3%

*Only one zip code with minus %, this is the first time since 2006.

DQNews/LATimes 4/30/13

 

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