San Clemente Home Sales in June 2011- Off the Charts!

July 29, 2011

85 Homes sold Just in June 2011 in San Clemente

Wow! The agents and escrow officers did not get any sleep last month. Eighty-five homes sold in just one month. But May was close behind at 81! Homes are on the market for 3 or 4 months and sold! Sales are increasing and far outstripping the other communities. People are catching on to San Clemente. A beautiful beach town with new and older housing. Great Ocean Views! Terrific shopping, excellent beaches, freeway close. Great prices too!

June 2011 Average Home Price $624,720

This price reveals that many homes sold for less than the previous months. The average price in June was less than any month in the last 12. Sellers are motivated and they have lowered their prices to find the buyer. Once they arrived at their last sale price, they still gave the buyers a 4% discount to get it sold. Wow! They are motivated, time to let everyone know about these beach close properties.

Median Price $580,000 for June 2011

The median price was not remarkably low. It was lower than May but within the average for the last twelve months. Still, there are a lot of inexpensive properties that will appreciate significantly in the future.

Categories: Coastal Single Family Homes, Residential Real Estate, San Clemente.

Laguna Niguel Condos Had a Bad June

July 29, 2011

Sales Dropped to 29 for the Month of June

Where did the buyers go? There was strong buying in Laguna Niguel and fewer new listings over the last three months, then wham. The days on the market are still good, 136. The properties that sold were only on the market for 4 months or so before they closed escrow. In essence, all contingencies were removed after less than 4 months. There were a few outliers and several condos were on the market for close to or over a year. The price kept coming down until they found a buyer. This is the time to buy. Get your first home or investment at bargain prices in a beautiful and safe community. Let’s get our friends and family who need their first home or property investment out! They will be kicking themselves for paying rent or getting practically nothing on their investment bonds or CDs a year from now.

Average Price for June 2011 - $259,600

How can anyone think of renting when prices for condos are this low? Investors, you can pencil out the figures and with the right downpayment start earning a positive cash flow from renters. There are so many write-offs with property. Time to buy!

Median Price in June 2011 drops to $225,000

Unbelievable! This is the lowest median price for the last 12 months. Half of the sales were less than $225,000. Everyone who bought in June got a bargain. Time to get the word out! Don’t wait. Interest rates are going up.

Details? Month by month analysis? – Click here to see the report

Categories: Coastal Condominiums, Laguna Woods Condominiums, Residential Real Estate.

Coto de Caza Sales Jump 16%

July 29, 2011

Sales Jump 16% over May

Sales have significantly climbed since just last month and there is a 3 month trend. 57 single family properties sold and 60 came on the market. Overall new inventory has outpaced sales, but less than 10 new homes have come on the market compared to the ones that sold in the last 3 months. Before that sales inventory was growing at an alarming rate. We are starting to see Coto recover. The home at 31021 Via Colinas finally sold after 2 years but the buyer paid almost $3.5 million for it. That is very encouraging. Overall the homes were on the market for a little over 5 months before they sold.

Average Price for June 2011 was $787,302

The average price was substantially up from May but right in the ballpark of the monthly figures for 2011. July will probably be higher.

Median Price $720,000 - Huge increase

Thank you to all the buyers who bought more expensive homes last month. The median price (the one in the middle of all the sales) jumped way up. Only August of last year had a better median price. If this year is better than last and it has been so far, the July results should be even higher.

For the specific details on monthly and individual sales – Click here to see the report

Categories: Coto de Caza, Residential Real Estate.

June 2011 Sales for Mission Viejo 92692 Stay Strong

July 28, 2011

48 Homes Sold in June in 92692

Sales have hovered around 50 a month in this zip code of Mission Viejo. The average days on market have only been 107, approximately 3 months. That is a fast turnaround with all of the documentation the lenders now require and it also includes short sales (the longest sales in reality). New inventory is still ahead of sales but not by much. There is plenty of inventory to choose from and in all the price ranges. This is a beautiful area of South Orange County and close to all the freeways and fun.

Average price rises to $529,508

Not all of the inventory in 92692 is expensive, there are lots of smaller homes and older ones with very affordable price tags. The buyers have to check this area out first before they buy. The homes are all close to beautiful Lake Mission Viejo with all of its amenities.

Categories: Coastal Single Family Homes, Mission Viejo Homes, Residential Real Estate.

June 2011 Sales for Aliso Viejo Drop Way Off

July 27, 2011

Only 15 Homes Sold in Aliso Viejo in June

Sales in Aliso Viejo suddenly lost their steam. Over the previous three months 22 or 23 homes sold with new inventory slightly ahead of sales. There was plenty of inventory but not enough buyers able to close. On the other hand, the average days on market for the sold inventory was fairly short, 3 months. In fact, most of the homes closed in less than 90 days, there was one short sale on Abbeywood that was on the market for one year and it skewed the average.

The Average Sold Price Dropped by $100,000

The average sold price was way down for the year. Some of the bank repossessions sold at super bargain prices. Those usually need a considerable amount of repair.

Aliso Viejo Median Price Declines to $585,000

The median price declined too but has recovered from the depths of the past year. We may have a solid base to build our recovery.

For more details on the actual properties – Click here to see the report

Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.

June 2011 Sales for Laguna Niguel Continue to Rise

July 27, 2011

Sales rise 10% over May

Sales are continuing to increase in Laguna Niguel. Each month for the last three months the number of homes sold has substantially risen. The new inventory is still ahead of sales but the trend is for inventory to start diminishing. July is a very good month for closing and so is August. Conversely, the new inventory starts dropping off. The average days on market is hovering around 5 months so sellers have to be patient and there are still numerous short sales.

The Average Price for June was $886,810

The average price is the highest we have recorded for more than 12 months but that was due to the sale of 8 Old Ranch Road for $5.35 million. There were 10 sales in the month of June that exceeded $1 million. Congratulations to those lucky buyers!

The Median Sold Price for June was $675,000

The median price shifted up slightly from May but did not set any new record.

For more details – Click here to see the report

Categories: Coastal Single Family Homes, Laguna Niguel, Residential Real Estate.

Dana Point Single Family Homes are Selling

July 27, 2011

Dana Point Homes Continue to Sell Dana Point Single Family Homes again sold at the highest level in the last twelve months. May and June sales were the best ever over the last 12 months and far above sales since December. People are finally waking up to the great values, ocean close properties, and amenities Dana Point has to offer. The time to buy is now. This scenic community has shopping, excellent schools, wonderful restaurants and a marina everyone enjoys. Give me a call now for an appointment to see these beautiful properties at bottom-of-the-market prices.Average prices are Steady at $883,000

Now that the average price is holding steady, you can expect prices to rise.

Median Price rises to $680,000

The rise in the median price shows you that more expensive properties are being bought. People are moving up and foreclosures diminishing.

For all the details- Click here to see the report

Categories: Coastal Single Family Homes, Dana Point, Residential Real Estate.

Mission Viejo North – New listings over $600,000 Plummet

July 13, 2011

Only 3 new listings above $600,000 and 12 sales for June

What an amazing month! June was a record month for sales and low new inventory. The buyers are expressing their enthusiasm for this area around Mission Viejo Lake and the newer homes as compared to the rest of this city. At this rate the inventory will quickly diminish. There are still great homes available and my listing at 23 Ironwood is one. Take a look at Canyon Crest! The amenities are amazing.

The Average Sales Price of $702k is Down from the last Quarter

Less expensive homes sold in this category in June compared to the last three months. There were a number of short sales that attracted offers and closed. Several equity sellers decided to meet the competition and dropped their prices too. Buyers really got bargains and they will congratulate themselves for as long as they own the homes. Once you lock in a low price, the tax assessor will only increase it slightly every year regardless of the fact your property will regain its value in the next 3 years.

Median Sales Price Drops to $677,500

The median sales price came down too accordingly. This was one of the lowest months over the last 12. Buyers were so lucky!

For more information – Click here to see the report

Categories: Canyon Crest Community, Mission Viejo Homes, Residential Real Estate.

Aliso Viejo Condo Sales Surge

July 8, 2011

June Sales were Great for Aliso Viejo Condos - Inventory Still High

This June 51 condos were sold! There was only one other month in the past 12 that had this volume of sales. Sales for condos starting in March have been very good. Aliso Viejo is a relatively young community and the condominiums have current floor plans with so much to offer. The new inventory is up also. If you think you have seen all of them, look again. 55 new listings. The MelloRoos is so low by now that it does not increase the monthly expense by much. The units are moving quickly. The average days on market are 130 which includes the long, exhausting short sales. Equity sellers get offers and close fast if the price is right.

Average price for June is $307,721

More less expensive condos sold in June. The average price was the lowest since February. There are bargains out there and savvy investors will buy them up, rent them out until the market recovers and pocket a bundle. These condos make great investments and the properties are usually in fine shape. Most of the units were built in the 1990′s.

The Median Sold Price Dipped to $300,000 for June 2011

The good news is the sellers are getting very close to their asking prices. The average discount the seller gave the buyer was 2% on the average price and there was no difference between the average median sold price and the median listed price. Buyers should plan to pay market price for the really nice units. Their competitors are doing just that!

For more details – Click here to see the report

Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.

July Condo Sales Results for 2011

July 8, 2011

I will publish the results for the condominium sales separately from the home sales for the coastal cities to make this blog easier to navigate. Please scroll up or down to your favorite city.

Categories: Coastal Condominiums, Residential Real Estate.

San Clemente Condo Sales Dropped Back in June

July 8, 2011

Condo Sales Drop Back to 18 for JuneIt looks like we had an especially good month for investors. The less expensive condos sold but there was a drop from the volume in May. Possibly our first time buyers were at graduation parties. The new inventory and sales numbers reversed themselves over the May results. In June there were 26 new properties on the market and 18 sales. In May there were 17 new properties but 25 sold.The average days on the market are around 6 months and that includes short sales. Short sales have dominated the condominum market for the last two years.Average Price Drops to $312,822

This is the lowest average price in the last 12 months. There were many bargains.

Median Sold Price $285,000 Lowest in Last 12 Months

Some properties that were on the market for 7 months to over 2 years finally sold and closed escrow.

For more details – Click here to see the report

Categories: Coastal Condominiums, Residential Real Estate, San Clemente.

Laguna Woods Condos – Attached and Detached Are Moving – Retirement is Great!

July 8, 2011

Laguna Woods Sales Stay Strong (26 Sold) For a community of 12,000 residences and only 6,400 condominiums. Sales are good. There are so many investors remodeling these units and selling them at a good profit or renting them. Some of the most stable tenants are retirees. They have secure pensions and raises every year. These tenants can live here for 10, 15 or 20 years without moving. Even when they need a caregiver, there are plenty available in this community. Laguna Woods condos are a good investment. The Average Price was $307,957 - Best in the Last 12 Months

The average price skyrocked over the last twelve months of results. This was due to a detached condo that sold for close to $1 million. There are a selection of detached condominums that appear to be free-standing homes but, in fact, the homeowners association is fully responsible for the yard and the structure. You feel like you have your won home, but none of the worries or overhead.

Median Price Increased to $214,500

The median price increased but not significantly over the average for 2011. Many less expensive condos sold in June. Some brought their prices way down and finally closed escrow. The average days on the market is now a little over 3 months.

For more details – Click here to see the report