August 2111 San Clemente Home Sales Continue to Drop

0

September 18, 2011
August 2011 Sales Decline Again

New inventory keeps  rising and sales can’t keep up in San Clemente. Sales aren’t particularly sluggish for this coastal community but the new inventory stays strong and will keep prices low. In August, seventy-two homes sold which is a good number for a smaller community.  San Clemente has two basic sections, older homes that were built before 1990 and new developments in Forster Ranch and Talega with large beautiful homes and lots of amenities.  Talega was the hardest hit by the recession and is still recovering.  There are so many good deals for qualified buyers.  If you are a buyer and having a hard time with a large bank, do not despair.  The smaller lenders and mortgage companies are eager to give you a loan, they do not have the stockpile of bad debts.  They follow the Fannie Mae guidelines which are not as strict as some of the guidelines enforced by the big banks.  Ask me for a referral, contact Mike Munzing.  He can get you a loan when others can’t.

San Clemente Average Price Drops to $618,186

The average price dropped to its lowest point in 12 months.  There were lots of happy buyers in August.  Sellers reduced their prices and still gave room in negotiations.  Don’t forget this coastal community in your property search.  Lots of shopping and excellent schools.

San Clemente Median Price Drops to $560,000

More good news for buyers.  Half of the homes sold in August closed escrow for $560,000 or less.  Take a closer look at the ones that sold – Click here to see the report

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

August 2011 Laguna Beach Condo Sales Return to Normal

0

September 18, 2011
More Condominium Sales than New Inventory

 This is good news.  Condominium sales had been awful for several months of this year. In May there were no sales. Then the buyers started coming back into the market. There were only five sales in August but that is normal.  Fortunately the new inventory was less.  And the sellers are particularly happy with the buyer of 31423 Coast Hwy. This condo sold for $3.3 million. It had been on the market almost two years and the listing price was just about $4 million.   Obviously the buyer negotiated a great deal and the sellers were ready to accept the offer. Congratulations to everyone. That view from the 11th floor is spectacular.

 

The Average Price hit a new high for the last year

 The sale for $3.3 million pushed the average price up but not spectacularly.  There are some awesome condominiums in this beautiful community of Laguna Beach. This is the highest average price for the last year but the average price is usually around one million.  If you have the money, these condominiums are a great investment.

Median Price Drops to $540,000

 The median price tells you that of the five sales, most sales were for more modest and very affordable condominiums. There is a good inventory of those for you beach buffs with smaller budgets.  If you love Laguna Beach, then this is the time to buy.  It doesn’t get better than the bottom of the market. Trust me.

For more details on the properties that sold for the last twelve months – Click here to see the report

 

Categories: Coastal Condominiums, Laguna Beach, Laguna Beach Condos, Residential Real Estate.

August 2011 Coto de Caza Sales Weak

1

September 5, 2011

Sales Drop to 34 for August - Lowest Since March

The buyers went to Aliso Viejo.  Sales slumped from the numbers set in the Spring and early Summer.  Still many multi-million dollar properties sold. A number of short sales came to a close fortunately and those usually weigh in heavily on the Days on Market figure.  However, in spite of a couple that were on the market for over a year, the average days on market was only 131 (4 months).  New inventory is steaming ahead which creates a problem for sellers.  When new listings dwarf the number of homes sold, inventory increases to the point to which prices can further decline.  Hopefully September will see a rebound, but that would be unusual.

Average Price Increases to $850,188

This was influenced by the expensive homes that finally closed escrow even though it took 7 – 14 months.  There are some beautiful homes on the market as short sales. If you are patient and the seller truly qualifies, you can make the purchase of a lifetime.  With Proposition 13, your property taxes are locked in to a very low base rate and you can enjoy the savings forever.
 

Median Sales Price $595,000 - One of the Lowest

 It wasn’t the lowest median price but one of them in the past 12 months.  You can see that half of the homes sold were sold for less than $600,000.  Looking over the past 10 years, these are exceptional prices for homes in an exceptional community, gated, golf course, community center, shopping and schools inside the gates, and trails everywhere.  People love living here.

For all the details – Click here to see the report

Designed by Tim Sainburg from Brambling Design

Categories: Uncategorized.

August 2011 Aliso Viejo Single Family Home Sales Set New High

0

September 5, 2011

Single Family Homes Sales at 12 Month High

 This has been an interesting year for Aliso Viejo.  January and February were very slow. March through May showed strength, then June was disappointing. July and now August are robust excellent sales months. Sales outpaced new listings by 30%.  Inventory quickly disappears under those conditions. The Days on the Market figure has averaged around 100 days for months.  Sellers only have their listings on the market for 4-6 weeks before they are put in escrow.  If you are a seller, this is exciting.  If you are a buyer, don’t waste time. Make an offer on the home you like as soon as possible.  Be prepared before you go shopping! Get Underwriting Approval not just Prequalification.  When you make your offer, the seller knows that your finances have been reviewed in detail; the tax returns, paystubs, bank accounts, and credit card accounts are documented and the loan is ready to be processed.  That will give you priority over another offer.  We can get you approved for free.  Then we can find your property! 

Average Price Drops to $543,729

Sellers are ready to negotiate.  The August buyers were given a 4% discount.  Prices are low, interest rates unbelievably low, what are you waiting for?  This is a newer community built in the 1990′s.  The homes have floor plans suited to today’s requirements.  Incredible shopping, excellent award-winning schools, freeway and beach close.

Median Price drops to $500,000

Half the homes that sold last month in Aliso Viejo were less than $500,000.  These were bargains and you can see why sales have skyrocket.
 
For more details – Click here to see the report

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

August 2011 Aliso Viejo Condominium Inventory Skyrockets Sales Can’t Keep Up!

0

September 4, 2011
Inventory Skyrockets!

We have not seen so much new inventory for at least a year. Sales have been strong this year compared to last so our sellers are putting their units on the market . Our first-time buyers and investors can claim all the credit. Aliso Viejo is one of the newest communities in South Orange County and has the lowest Mello Roos of the three (Ladera Ranch, Talega and Aliso Viejo). The Average Days on the Market number has jumped up but that was due to a number of short sales on the market for nearly a year before the escrows closed. Whew! Short sales are anything but short.  Long, exhausting sales are more descriptive.  If you know of someone in need of selling that owes more than the home is currently worth, please have them call us.  We have a team of specialists to advise them and get the sale closed.  Keep in mind, there are so many first-time buyers eager to get into their first residence but they can’t afford much.  This type of listing can offer them the opportunity they need.

Average Price Continues to Decline – Now $280,970

The average price has been declining for months.  This means a lot of cheaper condos are selling.  Do you want one for your home or an investment?  Maybe you thought you could not afford one, but look again.  At the current interest rates and with a 30% downpayment, you could find an investment that shows a return from the very start.  Why not let the tenant pay off the mortgage for you, provide cash flow, and give a deserving person a good home to live in all at the same time?  Being a landlord can be a very nice experience and the retirement income you can enjoy one day provides security you can count on.

Median Price Dips to $269,950

This means that half of the condos (24) sold last month in Aliso Viejo closed with prices of $270,000 or less.  That is a lot of units in one month with bargain prices in a relatively new city with newer buildings, pools and amenities.  The Mello Roos bonds are getting close to being paid which decreases the monthly payment even more.

For more details – Click here to see the report

 

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

August 2011 Strong Surge of New Single Family Home Listings in Laguna Niguel

0

September 4, 2011

New Inventory Leaps to 67 as Sales Decline to 47

Fall came early to Laguna Niguel too. After stellar sales in March, the normal slow down in tax month and the rebound in May, June and July, August dropped off the cliff. Well, maybe not quite that bad, but disappointing with all the new inventory.  The surge in new inventory was unexpected for this late in the summer but sellers decided to jump in with all the sales happening.  If you want a home in this beach-close community, now is the time to look. Some of this inventory will simply be taken off the market as the holidays come closer. Inventory for single family homes typically declines between now and December. January starts the new selling season. The Days on the Market number is almost a seller’s market with just 126 days from start to finish with most escrows in the 45-60 day range.  Don’t waste time talking about buying or investing, go do it!

Average Price Drops to $789,595

The average price dropped by $100,000 but that just reflects the number of homes in the multi-million dollar range that sold last month.  Most of Laguna Niguel is under $1 million and August reflects purchases of that inventory.  You can buy a home of just about any price in this city.  From very small single family residences to sprawling mansions with ocean views, you will find a home you like here at the price you can afford.

Median Price Dips Slightly to $669,000

The median price dipped slightly but has been staying around the $700,000 range for the last 11 months. Sometime lower, sometimes higher but within $50,000 of $700,000. Our buyers are fairly consistent.

 
For the details – Click here to see the report

Designed by Tim Sainburg from Brambling Design

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

August 2011 Dana Point Single Family Home Sales Start to Slow for Fall

0

September 4, 2011

Sales Dip for the First Time In 3 Months

Summer was strong for Dana Point. However, we are heading into the slowest season, Fall, and it shows.  Only 24 new listings came on the market in August, only one other month in 2011 had less new inventory. Sales slowed to 19, way down from May, June and July. The average days on the market number keeps dropping which is good news for sellers. If your property shows nicely and the price is right. People will buy it. Interest rates are killer. There is no reason to rent when the market prices are low, interest rates incredibly low, and beach properties available.

Average Price Returns to Affordable Level $709,000

After last month’s excitement with a number of multi-million dollar homes selling, this month only two were over $1.3 million, the rest were all normal Dana Point homes. There are a good number of  spectacular homes in this community, but many more homes in wonderful neighborhoods with great schools, shopping, beach access and affordable prices. At $708,000, this was one of the lowest average prices in the last twelve months. There are cheaper homes available. Take a look at the ones that sold by clicking on the link at the end of this post and when the full market report appears, click on the month of August, then the complete list of sold homes will appear.  You can click on any address and an icon will show you a picture of the home, basic information, a map and the MLS number.

Median Price Drops to $630,000

With so many more lower priced homes selling, the median price dipped too.

 
For all the sales information on every month for the past 12 -
Click here to see the report

 

Designed by Tim Sainburg from Brambling Design

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

August 2011 Mission Viejo 92692 New Inventory Keeps Surging Ahead of Sales

0

September 3, 2011

Sales are Slowing - New Inventory Growing

August new listings are at January highs (69) but sales (48) are slowing.  Sales typically slow in August and continue a downward trend through Fall.  January is the start of the selling season for single family homes in South Orange County. The good news is the Days on Market number is decreasing significantly.  This has declined to 92 which means most properties sell within 3 months of listing.  If the property is priced right and shows beautifully, it will sell in less than 90 days.    Even the short sales are being pushed through the system faster.

Average Price Drops to $480,845

This is lowest average price for Mission Viejo 92692 since April and one of the lowest for the last twelve months.  Sellers gave an average of 3% as a discount to the buyers to open escrow.

Median Price Increases to $456,000

The median price seems to bounce around the $400k range this year.  It just can’t quite get to $500,000.  It shows the bargains the buyers are getting in housing this year.  Half the homes sold in this zip code were less than $456,000.  These are single family homes in a beautiful area with excellent schools and shopping, freeway close and near the beach.  If you want to buy your first home and are looking for a deal, go to Mission Viejo and take a look.

For the details –  Click here to see the report

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

August 2011 Dana Point Condo Inventory Surges

0

September 2, 2011

New Listings Double over Last Month

Inventory of Dana Point condominiums increases as new listings (14) outpace sales (9).  Sales have been very steady for the last few months. Between nine and eleven condos have sold each month.  New listings were in the mid-teens and then dropped to 7 last month.  Now inventory is starting back up.  Buyers have their options and choices.  It is so beautiful at the beach in Fall. Tell all you friends interested in a little place at the beach, this is the time to buy.  Interest rates are at historic lows.  Inventory is very good and the beach is wonderful.

Average Condo Price Increases Due to One Sale

The condominum on Santa Clara sold for $1.17 million and pushed up the average sold price disproportionately.  Some condos have incredible appointments and views.  This sale took 334 days to complete.  Most condos sold for far less and much quicker.

Median Price Rises to $400,000

There were actually two expensive condos sold of the nine sold in August. Those pushed up the median price slightly.  Still, spending $400,000 for a condominium with an ocean view in Dana Point is a great investment.  Wall Street can’t compare!

For all the details – Click here to see the report

Categories: Coastal Condominiums, Dana Point, Residential Real Estate.

August 2011 Laguna Niguel Condo Sales Skyrocket

0

September 1, 2011

New Inventory Steady but Sales Skyrocket

August was an incredible month for condominium sales in Laguna Niguel. Forty-one condos were sold. Aside from May of this year, this month was the best for the last 12.  New inventory (29 condos) has stabilized and is way under the flood of new listings in January.  This will give our buyers incentive to buy and our sellers reassurance that they will not get swept away by a surge in inventory.

Average Sales Price Drops to $258,434

The average price dropped to its lowest point in 2011.  Lots of very affordable condominiums were sold.  On the average buyers only received a discount of 2%.  This proves to sellers that if they price their condos for the market, the buyers will meet the price.  The average days on the market was only 115 which includes short sales.  In fact, many were sold within 60 days.

The Median Price was $251,300

The median price was low compared to most months but it does show that half the condos were sold for less than $251,300 (20 condos). Those would be our investor buyers. Investors are so excited about this market.  It is the best market for them.  You could be one of them.  Renting out a condo in beautiful Laguna Niguel, a safe ocean-close city with excellent shopping and schools, is an easy way to start your retirement income stream.  You don’t have to rely on Social Security or underfunded pension plans.

Click here to see the report

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

August 2011 Mission Viejo North Sales Continue Decline

0

September 1, 2011

Sales Decline to 4 for August

August was one of the slowest months in the last 12.  June was so exciting, then came a disappointing July and an even slower August.  There was a surge of new inventory in August.  The highest new inventory we have seen since January. Three of the four sold homes were just recently put on the market. One sold for cash in 4 days. $775,000 – all cash. There is still a good inventory in this area.  You are close to Lake Mission Viejo,  three freeways,  excellent schools, parks and shopping.  Canyon Crest in North Mission Viejo offers excellent amenities you should not miss.

Average Price falls to $761,250

With only four sales, you cannot really come to a conclusion about pricing trends.  The most expensive home on Sandalwood in Canyon Crest sold for $895,000 less than 1% off the listed price and they negotiated that offer after only being on the market for 11 days.  Buyers are not shy about getting the house that suits their tastes.

Median Price Unchanged

With only four sales and a very small fluctuation, the median price was not really changed.

For all the details – Click here to see the report

Categories: Canyon Crest Community, Coastal Single Family Homes, Residential Real Estate.