AUGUST 2021 ORANGE COUNTY REAL ESTATE NEWS

 

Horton Team Real Estate Newsletter

AUGUST 2021 Sellers: Make Today's Home Price Appreciation Work for You   Source: Keeping Current Matters August 2021  Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead:   Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year.” Selma Hepp, Deputy Chief Economist, CoreLogic: “The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home construction, home price acceleration that has built momentum, and continues to reach new highs, will likely slow later this summer but remain in double digits.” George Ratiu, Chief Economist, realtor.com: “Many sellers are going to take advantage of higher prices. This summer is going to signal the move to the next chapter, and this will very much be the year they’re going to put their home on the market.”     BUYERS SEEKING HOMES Laguna Beach Inventory is still low! We have Buyers seeking the following: Duplex in Laguna Beach 2+ bedroom Cottage: Village or North Laguna 3+ bedroom with Panoramic ocean views, South Laguna    IN ESCROW Laguna Beach 2841 Ridge Drive Laguna Beach Closing this month! Representing Seller   MARKET STATISTICS Laguna Beach - August 2021 Active - 113 Pending - 63 Sold in July - 52 Under $1,000,000 - 1 $1,000,000 - $2,000,000 - 18 $2,000,000 - $3,000,000 - 13 $3,000,000 - $5,000,000 - 14 $5,000,000 - $10,000,000 - 6 $10,000,000 or more - 0 Follow Us On Instagram  _amandahorton_ Like Us On Facebook!  HortonsInLaguna http://www.facebook.com/hortonsinlaguna   Learn More THE HORTON TEAM www.HortonsinLaguna.com

AMANDA HORTON C 949.422.6122 EMAIL AMANDA DRE#01357096   PAMELA HORTON C 949.633.6667 EMAIL PAMELA DRE#01013024 JACE HORTON C 714.833.1730 EMAIL JACE DRE#02050612

JULY 2021 ORANGE COUNTY REAL ESTATE NEWSLETTER

 

Horton Team Real Estate Newsletter

JULY 2021 We are excited about the start of the festival season. We hope you enjoy your summer!   Our best, Amanda, Pamela & Jace Music in the Park is back!  Excerpt from Stu News Laguna  The beloved concert series will take place on the Festival of Arts grounds instead of at Bluebird Park this summer. Entry will be free for Laguna residents. The City will be offering a free trolley service from Bluebird Park to the Festival of Arts on the day of the concerts. The dedicated trolley services will run in loop from 11:30 a.m. to 3:30 p.m. The concerts will be held on July 18, July 25, August 8, and August 25 from 1-2:30 p.m. The lineup of performers is as follows: --July 18: Upstream (Caribbean) --July 25: Woodie and the Longboards (Surf) --August 8: LA Sound Machine (Gloria Estefan) --August 22: Tom Nolan (R&B) The City will be facilitating and funding the performers and the Festival will be providing sound and audio services as well as staffing, The Festival of Arts is providing tables and chairs at no cost, on a first-come, first-served basis. Attendees can bring their own snacks and beverages in a cooler or basket.    Demand For Vacation Homes Is Still Strong  Source: Keeping Current Matters June 2021  The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations. The report from the National Association of Realtors (NAR) shows that this increase in vacation home sales continues in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” and compares that data to the overall residential market. Their findings show: Vacation home sales rose by 16.4% to 310,600 in 2020, outpacing the 5.6% growth in total existing-home sales. Vacation home sales are up 57.2% year-over-year during January-April 2021 compared to the 20% year-over-year change in total existing-home sales. Home prices rose more in vacation home counties – the median existing price rose by 14.2% in vacation home counties, compared to 10.1% in non-vacation home counties. WalletHub ranked Laguna Beach #2 and Newport Beach #4 as 2021 Best Beach Towns to Live In!   JUST SOLD Newport Beach 1801 Port Stanhope - $4,778,000 Sold Off Market Represented Sellers  IN ESCROW Laguna Beach 3121 Bern Drive Laguna Beach Representing Buyer Successfully negotiated through multiple offers to secure Buyer's dream home! MARKET STATISTICS Laguna Beach - July 2021 Active - 117 Pending - 61 Sold in June - 62 Under $1,000,000 - 4 $1,000,000 - $2,000,000 - 15 $2,000,000 - $3,000,000 - 21 $3,000,000 - $5,000,000 - 13 $5,000,000 - $10,000,000 - 5 $10,000,000- $20,000,000 - 4 Follow Us On Instagram  _amandahorton_ Like Us On Facebook!  HortonsInLaguna http://www.facebook.com/hortonsinlaguna   Learn More THE HORTON TEAM www.HortonsinLaguna.com

AMANDA HORTON C 949.422.6122 EMAIL AMANDA DRE#01357096   PAMELA HORTON C 949.633.6667 EMAIL PAMELA DRE#01013024 JACE HORTON C 714.833.1730 EMAIL JACE DRE#02050612

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 Follow Us On Instagram  _amandahorton_ Like Us On Facebook!  HortonsInLaguna http://www.facebook.com/hortonsinlaguna   Learn More THE HORTON TEAM www.HortonsinLaguna.com

AMANDA HORTON C 949.422.6122 EMAIL AMANDA DRE#01357096   PAMELA HORTON C 949.633.6667 EMAIL PAMELA DRE#01013024 JACE HORTON C 714.833.1730 EMAIL JACE DRE#02050612