Real Estate Sales in Coastal South Orange County California
Realtors are taking action
Designed by Tim Sainburg from Brambling Design
Categories: Coastal Condominiums, Coastal Single Family Homes, Residential Real Estate.
Resort Backyard - Home is on a 10,000 sq ft lot
Four Bedrooms, 3.5 Baths, Extra-large Bonus Room, Office and Gourmet Kitchen.
Please see the virtual tour link on this page or click here – http://tour.circlepix.com/tour/Nitro/registrationPage.htm?tourId=892415
Video of Backyard – http://www.youtube.com/watch?v=KCb1eDNTQXU
Designed by Tim Sainburg from Brambling Design
Categories: Canyon Crest Community, Mission Viejo Homes, Residential Real Estate.
Our sellers continuing to bring new inventory on to the market but the buyers are slowing down. There was a trend developing that lost steam. The days on market for the month were encouraging (97). Properties came on and received an offer within 45 days and closed escrow within 45 days, a perfect scenario. But we should have had more buyers close. This may be a reflection of those slow moving short sales. There is a good selection of homes and some have beautiful canyon and/or city lights views.
Average Price Drops Slightly to $602,888
Aliso Viejo average prices have hovered around $600,000 since January. This month two homes sold for over a million dollars and that is good news. There are tracts where you can find exceptional homes with incredible upgrades and views. You will not pay the prices of Laguna Niguel or Laguna Beach either. And you are just minutes from the beach.
Aliso Viejo Median Price $635,500 Best Month in 2011
The expensive homes pushed this statistic up. It is good to see.
Want more details? Click here to see the report
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
In May 41 Condos Sold - 51 New Listings
In May, there were 41 Aliso Viejo Condos sold. Don’t worry about the supply, 51 new listings were entered in the MLS. 2011 started out dismally with new listings outpacing sales, but then the sales caught up. In March 51 listings came on but 51 condos were sold. It has been close. Still there is a good inventory and Aliso Viejo has so much to offer as one of the newer communities. Their new city-sponsored recreation facilities, great schools, incredible shopping and accessible freeways make for a very pleasant place to live. There are wide ranges of condominiums to choose from, some are detached and look like small homes, others are attached but have two car garages, and you can find the inexpensive attached residences with detached carports too.
Average Price Slipped to $315,324
There were bargains bought up in May. After tax time many renters wise up and get going. They are not paying a huge tax bill again. Why rent when you can find a condominum that is so affordable and gives you a tax break?
Median Price Drops to $310,000
The investors are out too. We are now seeing up to 30% of the purchases made with cash. Start to finish these condos came on the market and closed in less than 4 months
Want to see the properties? Click on this link, scroll down to May and see the actual properties for the month – Click here to see the report
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
Laguna Niguel Condos had Their Best Month in May
The Median Sales Price was $244,950 A New Low!
The Average Price for Sold Condos in May was $303,364
Categories: Coastal Condominiums, Laguna Niguel, Residential Real Estate.
Laguna Niguel New Listings for May hits a New High
Sellers have come on the market in Laguna Niguel in a big way. On average over the past year, 55 homes have entered the market each month. In May, 82 properties hit the MLS and only 44 homes sold that month. There are 251 active single family residence listings in Laguna Niguel as of this post. Sixty-nine (69) are over $1,000,000. Twenty-eight (28) are under $500,000. There is so much inventory to choose from. The average days on the market has increased as you would expect and it now taking 5 months from list to close of escrow on the average sold property. The sellers are negotiating, so don’t be afraid to make an offer!
The Average Price Climbs to $861,370
Thank you to our sellers of multi-million dollar properties. In fact, two properties sold for $3 million+. We have some exceptional neighborhoods here. We also have normal everyday priced neighborhoods with excellent schools, shopping, freeway access and beach close. The new city hall is being finished and looks beautiful. Drive down Crown Valley to Alicia Parkway and take a look.
Median Price drops to $659,500
We see a lot of activity in the $550,000 – $700,000 price range. There is sure to be a great home for you if you want to buy or invest now. These prices will not last.
Want more details? Click here to see the report
Categories: Coastal Single Family Homes, Laguna Niguel, Residential Real Estate.
Condo Sales Keep Rising! May Sales exceeded the last twelve monthly sales results and the average for the last three months is now in the 20's. The first time buyers usually snap up condos but some of our seniors are deciding to move down and move to a San Clemente condo for their retirement. One of the condos sold for $2.2 million, but the rest were very affordable and beach close. The Median Price Dropped to $362,500
Average Sold Price Increases to $451,026
Categories: Coastal Condominiums, Residential Real Estate, San Clemente.
Sales Increase to 76 for the Month New Inventory Increases to 97
Starting with August of 2010, only March sales were better. This shows a strong market in San Clemente and many first time and move up buyers benefitting from the low interest rates, low prices and excellent supply. There appears to be an excess of around 20% for the year when you compare new listings to sales. There are 286 active listings as of the date of this post. If you want to own a home in beautiful San Clemente, there has to be one in your price range that you will like. This is very generous inventory.
Median Price moves up to $612,600
A number of expensive homes sold in May moving the median price up. This is the highest median price in six months. These are smart buyers who are taking advantage of the low interest rates. Depending on the size of the Jumbo loan you want, I can refer you to a few lenders who have specialists that handle only million dollar+ loans.
Average Price Pops Up
The average price popped up a little but it has maintained a spot in the $600,000 range for months. There are so many homes (not condos) selling for less than $600,000, it is a buyer’s paradise.
If you would like to see the actual sales for any given month, click on this link, then scroll down and click on a month. The addresses and prices will be listed. Click here to see the report
Categories: Coastal Single Family Homes, Residential Real Estate, San Clemente.
New Inventory Slightly Outpaces Sales
Sixteen (16) new properties came on the market which is not a lot but it was more than the sold properties (9). Since February, the sales and new listing inventory numbers have been close . January had the highest number of new condos on the market, but only 18 new listings. Dana Point is a good size coastal city and in normal markets could see much higher numbers.
The good news for buyers is the prices of the condos that sold.
Average Price Drops to $314,955 - Sellers gave Buyers 5% Off
The Sellers were very generous with the buyers. On average, the buyers were given a 5% discount from the last listed price. Two condos sold over $600,000 but most were much cheaper. The Average Days On Market drastically dropped to 89 with many selling in less than 3 months from start to finish. Buyers need to get preapproved, not just prequalified to get these bargains. Sellers are going for short escrows over price.
Median Price $225,000 Lowest in Last 12 Months
With all the bargains that sold last month, the median price dropped to its lowest level in the last 12 months.
More details? Click here to see the report
Categories: Coastal Condominiums, Dana Point, Residential Real Estate.
May Sales (48) Continue Upward Trend
Coto sellers had a lot to be happy about. Forty-eight (48) homes sold and are keeping close to the new listings for the month. For instance, in February there were 52 new listings and 19 sales, a difference of 31 homes. In March, April and May there was only a difference of 4 or 5 homes. The average days on market dropped to 126 from April’s 140 and May’s results compare favorably to the best months in the last 12. Coto is a great place to live and enjoy a country setting. The valleys and mountains are so picturesque. The community has so much to offer, you should look into Coto de Caza if you prefer a quieter environment.
Average Price Drops to $663,155 Buyers get a 5% Discount
May’s sales reflected the number of sales under $1 million. Usually Coto has several multi-million dollar homes each month. Only 5 of the 48 were over a million. Buyers with less than a million to spend can find a good selection of home in Coto right now. That will not last.
Median Price $574,000 Lowest in last 12 Months
As you would expect, the median price dropped too. This is just the price that was exactly in the middle of all the homes sold. When more cheaper homes sell, then this market drops accordingly.
See the inventory that sold by month – Click here to see the report
Categories: Coto de Caza, Residential Real Estate.
Mission Viejo 92692 Homes between $300,000- $650,000 Selling Quickly
Average sale increases to $496,675
Median Price Dips to $425,000
Categories: Mission Viejo Homes, Residential Real Estate.
Inventory Increases every Month in 2011
The Sellers in Mission Viejo North (Canyon Crest, Stoneridge,Stoneybrook, etc.) with homes listed over $600,000 were also disappointed with a lackluster market and and influx of new inventory. Short sales abound and that will cause more problems, but there are equity sellers that can close without the drama and delays. My listing at 23 Ironwood is a perfect example of an excellent home ready and waiting for a buyer. This is a prestigious area with everything you would want, Olympic pools, tennis, BBQ areas, gym, clubhouse, children’s play equipment and secure play area, party and meeting rooms and an active Homeowners Association in a guard gated community. Dues are only $242 monthly. Come take a look!
Average Price Recovers to $749,000
The average price has been on a roller coaster for the past 12 months. Swings as wide as $400,000 from one month to the next. This is due to the low volume of sales. One very high or low sale distorts the numbers.
We are hoping for a great June! For details – http://la.mls-office.com/prospects/contactMarketReports/view/sommaire.do
Categories: Canyon Crest Community, Mission Viejo Homes, Residential Real Estate.
There were no Condo Sales in May
One picture is worth a thousand words. There were no condominium sales in May. Yet, the new inventory still is streaming on line. About half of the new listings sold during the past 12 months and 2011 sales are higher than 2010 sales.
There is an incredible selection and very eager sellers. Enjoy the summer by walking to the beach this year!
For all the details by month -Click here to see the report
Zero sales for May 2011 - Laguna Beach Condos
Categories: Coastal Condominiums, Laguna Beach Condos, Residential Real Estate, Uncategorized.
Fifty-four new Properties - Fifteen Sold in May
April is always the slow Spring month but not this year. Every month 20-25 homes were sold, then came May (15). There were some interesting sales though. 4 Mar Vista sold for $6 million, 502 Emerald Bay sold for $4.2 million and 116 Dumond sold for $3 million. The distressing news is the number of new homes on the market – 54! Last month 58 new homes came on the market. Buyers can have their pick. This is unprecedented in Laguna Beach. If you ever thought of living there, this is the time to buy. Rates are the among the lowest ever. See your favorite lender. Smaller lenders are more flexible and have the same rates, ask me if you want a referral.
Laguna Beach Median Sold Price $1,150,000
Good News! The increased median sold price reflects the number of expensive homes sold in the small group of sales.
Laguna Beach Average Price $1,784,700 Continues to Climb
More Good News! The average sold price has steadily increased every month since February. The sellers are giving the buyers an 8% discount on the last listed price which is unchanged from April and average for 2011. This is a good time to buy in a very exclusive community.
For all the details for the last 12 months -Click here to see the report
Designed by Tim Sainburg from Brambling Design
Categories: Coastal Single Family Homes, Laguna Beach, Residential Real Estate.
Joseph Pryor & Cathleen Pryor, MBA, Broker Associate, Associate Faculty Saddleback College R.E. - DRE 01903431 DRE 01209071 
