DECEMBER 2016 ORANGE COUNTY REAL ESTATE NEWS

GIVING THANKS FOR 2016 Can you believe it is December? We don't yet know what 2017 will bring for the the real estate market but we are here to help figure it out. Our philosophy is that you only make real estate decisions based on what your life needs at the time - you cannot time the market. But with an experienced agent, you can make the best decisions. If you have any friends or family who are wondering what to do now, please put us together for a consult! We are so grateful to our clients we have had the pleasure of assisting in 2016: Currently Listed 1961 San Remo Drive, Laguna Beach http://www.1961SanRemo.com 21703 Ocean Vista, 101, Laguna Beach http://www.21703OceanVista101.com 1527 Tahiti Drive, In Escrow 420 Osgood Court, In Escrow Sold 1008 Madison Place, Represented Seller 431 Osgood Court, Represented Seller 30902 Clubhouse 7L, Represented Seller 1040 Santa Ana Street, Represented Seller 3003 Mountain View, Represented Seller 1848 Catalina Street, Represented Seller 864 Quivera Street, Represented Seller, Buyer 23022 Java Sea Drive, Represented Buyer 1414 Mar Vista Way, Represented Buyer 3120 Bonn Drive, Represented Seller, Buyer Leased 21807 Ocean Vista, Represented Owner 3019 Mountain View, Represented Owner 3175 Tyrol, Represented Tenant, Owner 21797 Ocean Vista, Rep. Tenant, Owner    Just Closed Dec 1  Represented Seller and Buyers 3120 Bonn Drive Laguna Beach Just Closed Nov 9 Represented Buyer 1414 Mar Vista Drive Laguna Beach  December 2016 Laguna Beach Statistics  Active - 203 Pending - 44 Sold - 29 in November 2 - Sold less than $1,000,000 14 - $1,000,000 - $2,000,000 9 - $2,000,000 - $3,000,000 3 - $3,000,000 - $4,000,000 1 - $4,000,000+

NOVEMBER 2016 ORANGE COUNTY REAL ESTATE NEWS

10 HOMEBUYING TRENDS IN AND AROUND LAGUNA BEACH Source, OC Register, November 7, 2016 Here are highlights for Laguna Beach from CoreLogic's third-quarter homebuying report: 1. 112 homes sold in the period, flat vs. a year ago. 2. Countywide sales gain was 0.2 percent in the period. 3. Median selling price of $1.75 million vs. $1.63 million a year ago. 4. That's a gain of 7.7 percent vs. a gain of 4.9 percent countywide. And here's some countywide third-quarter trends of note: 5. Orange County median price for the quarter was $643,000 -- up $30,000 in a year. 6. Local single-family home sales totaled 6,111 -- down 3.9 percent from a year ago. Median selling price was $705,000 -- up 3.7 percent from a year ago. 7. Resales of O.C. condos were 2,920 -- down 0.7 percent from a year ago. Median selling price was $450,000 -- up 5.4 percent from a year ago. 8. Builder sales in the county were 1,046 -- up 38 percent from a year ago. Median selling price was $820,000 -- down 0.6 percent from a year ago. 9. In Orange County's 27 least expensive ZIPs -- median sales price at $568,750 and below -- 2,754 homes sold. That's down 5.6 percent compared to a year ago. 10. In the 27 priciest ZIPs -- median sales price beginning at $705,000 -- 3,147 homes sold. That's up 8.9 percent compared to a year ago.

WOODS COVE - JUST LISTED! 420 Osgood Court $1,249,000 Walking distance to Woods Cove beach just three blocks from the house! Completely remodeled in 2014 with the utmost attention to detail and finish. http://www.420OsgoodCourt.net

NOVEMBER 2016 LAGUNA BEACH STATISTICS Active - 220 Pending - 47 Sold - 30 closed in October 2 - Less than $1,000,000 14 - $1,000,000 - $2,000,000 6 - $2,000,000 - $3,000,000 3 - $3,000,000 - $4,000,000 1 - $4,000,000 - $5,000,000 4 - $6,000,000-$10,000,000

OCTOBER 2016 ORANGE COUNTY REAL ESTATE NEWS

C.A.R. RELEASES 2017 CALIFORNIA HOUSING MARKET FORECAST

Home sales expected to edge up slightly in 2017, while prices post slowest gain in six years

LOS ANGELES (Sept. 29) – Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the "2017 California Housing Market Forecast," released by the California Association of Realtors. 

The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.

"Next year, California’s housing market will be driven by tight housing supplies and the lowest housing affordability in six years," said C.A.R. President Pat "Ziggy" Zicarelli. "The market will experience regional differences, with more affordable areas, such as the Inland Empire and Central Valley, outperforming the urban coastal centers, where high home prices and a limited availability of homes on the market will hamper sales. As a result, the Southern California and Central Valley regions will see moderate sales increases, while the San Francisco Bay Area will experience a decline as home buyers migrate to peripheral cities with more affordable options."

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.2 percent in 2017, after a projected gain of 1.5 percent in 2016. With California’s nonfarm job growth at 1.6 percent, down from a projected 2.3 percent in 2016, the state’s unemployment rate will reach 5.3 percent in 2017, compared with 5.5 percent in 2016 and 6.2 percent in 2015.

The average for 30-year, fixed mortgage interest rates will rise only slightly to 4.0 percent in 2017, up from 3.6 percent in 2016, but will still remain at historically low levels.

The California median home price is forecast to increase 4.3 percent to $525,600 in 2017, following a projected 6.2 percent increase in 2016 to $503,900, representing the slowest rate of price appreciation in six years.

"With the California economy continuing to outperform the nation, the demand for housing will remain robust even with supply and affordability constraints still very much in evidence. The net result will be California’s housing market posting a modest increase in 2017," said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. "The underlying fundamentals continue to support overall home sales growth, but headwinds, such as global economic uncertainty and deteriorating housing affordability, will temper stronger sales activity."

Just Closed  Represented Buyers 23022 Java Sea Drive Dana Point

Just Closed Represented Seller and Buyer 864 Quivera Street Laguna Beach

October 2016 Laguna Beach Statistics  Active - 241 Pending - 52 Sold - 25 in September 1 - Less than $1,000,000 15 - $1,000,000 - $2,000,000 6 - $2,000,000 - $3,000,000 2 - $3,000,000 - $4,000,000 1 - $4,000,000+

AUGUST 2016 ORANGE COUNTY REAL ESTATE NEWS

MORTGAGE RATES DIP; LOAN APPLICATIONS DOWN, TOO

RATE NEWS SUMMARY  From Freddie Mac’s weekly survey: This week the 30-year fixed averaged 3.43 percent, 2 basis points better than last week’s 3.43 percent. The 15-year fixed averaged 2.74 percent, also two basis points better than last week’s 2.76 percent. The Mortgage Bankers Association reports a 4 percent decrease in loan application volume from the previous week. Source, OC Register, August 19, 2016 _________________________________________________ WHAT'S UP WITH MORTGAGE RATES? We asked one of our preferred lenders, Darren McLellan: CURRENTLY: Locally, well-qualified borrowers can get the following conventiional fixed rate loans with zero cost: 15-year at 2.75 percent, 20-year at 3.125 percent; 25- and 30-year at 3.375 percent; high balance ($417,001 to $625,500 loan amounts): 15-year fixed at 2.875 percent; 30-year fixed at 3.625 percent.  Darren McLellan   Partner 19600 Fairchild Road, Suite 150, Irvine, CA 92612 o 949.337.4000  c 949.933.9282  f 949.515.3623 darren@backbayfunding.com DRE #01368773 | NMLS #297075 backbayfunding.com

31405 Monterey Street

$2,249,000

Now the best priced home in all of the Coast Royal neighborhood. What a value at $2,249,000. Just across from the ocean front, yards to West St and Aliso Beach access! 3,100sf 4 beds, 4 baths with close ocean views. http://www.31405Monterey.com

1961 San Remo Drive

$2,499,000

Recent price improvement to $2,499,000. An extraordinary location with incredible privacy, downtown coastline views and mid century modern feel! http://www.1961SanRemo.com

JULY 2016 LAGUNA BEACH STATISTICS

Active - 277 Pending - 44 Sold - 42 2 - Less than $1,000,000 24 - $1,000,000 - $2,000,000 7 - $2,000,000 - $3,000,000 6 - $3,000,000 - $4,000,000 2 - $4,000,000 - $5,000,000 1 - $10,000,000+

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

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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.

 Contact Us To Find Out Our Recommendations Specific To Your Home For A       Successsful Sale.

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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

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