Dana Point Homes Sales Up – Inventory is shrinking drastically!

January 12th, 2014 | Coastal Real Estate,Dana Point,Housing Inventory,Orange County real estate,Residential Real Estate | No Comments »
Dana Point Website

Dana Point Website

This is what brings people to Dana Point.  The beautiful limitless view of the Pacific Ocean.  It could be yours too!  Sales have been very strong since August.  Here is the chart of the new listings and sales for the past 12 months.

Chart_of_New_Listings_and_SalesThe number of new properties coming on the market in Fall slows down.  Sellers usually do not want to be bothered during the holidays with showing appointments, buyers coming in on rainy days, etc.   Then we see a burst of new inventory in January through March.  Let’s hope our sellers get this message.  The buyers never slowed down and continued to buy in droves during the Fall.  Some may have had tax reasons to purchase before December 31, 2013, but the sales were just getting stronger month by month.  With sales far exceeding new inventory, the average days a property is on the market before escrow closes is just 89 days.   One home sold and closed escrow within 22 days! Wow!

Would you like to see all of the remaining 104 homes still on the market?  Dana Point Homes For Sale  There is one for just under $15 million!  Take a look at One Oceanfront Lane and call me if you would like to see this one and more!

One Oceanfront Lane

One Oceanfront Lane

Nice place to call home!  No doubt about it.  But maybe your price range is not $15 million, what was the average price?

Average Home Prices in Dana Point

Dana Point Average Home Prices for Sold Homes

Dana Point Average Home Prices for Sold Homes

This number has been as high as $1.8 million but never lower than $950,000.  Take a look at the chart.

Chart_for_Average_PricesOn the average sellers gave buyers 8% off the listed price.  Some gave more.  Would you like to see the entire report?

Full MLS Report on Dana Point Sales for the Last 12 Months  Scroll down the report and click on any of the 12 months listed, another list will appear below the chart with the addresses.  Click on an address and to the right will appear a map, specific information and a link for more details.  You can use the MLS number and go to the right hand column of this blog which has the MLS link to connect you with that listing.  You can see all the photos and read all the details.

Dana Point Harbor at Night

Dana Point Harbor at Night

What are the median prices over the last 12 months?

Median Price for December was $880,000

Median Price for December was $880,000

This is the number you are most interested in if you are a buyer.  Half of the homes sold in December sold for less than $880,000.  There is a wide range of inventory in Dana Point but the homes are all ocean close and many, many of them have ocean views.  There are also condominiums in great locations.  The city has the advantage of getting tax revenue from the Ritz Carlton and they can use this money to sponser events, concerts, school programs and more.  There is a tall ship event.  You can see a number of these old sailing ships up close in addition to “The Pilgrim” which is permanently docked in the harbor for tourists and schools.

Tall Ships in Dana Point - There is an annual festival!

Tall Ships in Dana Point – There is an annual festival!

Tall ships

Tall ships

 

 

There is so much activity in Dana Point.  Check the city website Dana Point  Or are you interested in the schools and community information?  Schools

 

DANA POINT SALES STILL HIGH NEW INVENTORY DROPS!

December 15th, 2013 | Coastal Real Estate,Dana Point,Orange County real estate,Residential Real Estate | 2 Comments »
NEW LISTINGS DROP TO JUST 13

NEW LISTINGS DROP TO JUST 13

Sales are still in the upper 20′s nearly 30 for the month but the new listings plummeted.  Sales have pushed ahead of new listings since August.  This will affect prices in 2014.  Starting back in March, sales have just taken off and remained resilient.  There were 28 sales in November which is usually a very slow month. We have two holidays, Veteran’s Day and Thanksgiving, and the recorder’s office and the lenders are usually closed the day after Thanksgiving.  There are fewer work days.  But the buyers closed on their homes nonetheless.  Why is there so much demand for Dana Point?  Take a look! It is a beautiful place to live.

Dana Point Harbor at Night

Dana Point Harbor at Night!

There is also a boat parade at Christmas!  Events at the harbor

Dana_Point_Boat_Parade

Dana_Point_Boat_Parade

Actually there is fun all year long in Dana Point.  More about that later in the blog!  Back to real estate.

Average Prices

The average prices were well over a million dollars all year long with the exception of November and last January, but those months had average prices just under a million dollars.  Some of the fabulous homes on the hilltops with excellent city and ocean views as well as the bluff top homes with white water ocean views are expensive and shift the average price easily.  In November, there were only 8 homes sold for more than a million dollars but one of them sold for two million!

33811 Mercator is located in Niguel Shores, a private community, which has beach access from the development.  You have the peace and quiet of a guard-gated community with an immense ocean view and lots of amenities. MLS info

33811 Mercator

33811 Mercator

To see homes in Niguel Shores,  you will need a Realtor so send me an email now,

Cathleen@cathleenpryor.com   We can start a correspondence and find you the perfect home.

DANA_POINT_AVERAGE_SALES_PRICE

DANA POINT AVERAGE SALES PRICE  $950,196

The average sales price for November was $950,196 but the average prices jumped all over the place last year.  Look at the graph. In June the average price was over $1.8 million.  You can buy homes here that are priced around $20 million.  But there are numerous homes under those prices.  The median price is the most reflective of the general price for single family residences.

Median Price

The median price was $827,500 for November.  This means that half of the homes sold for less than this amount.  If you can afford over $800,000 for a home, you could have bought a lovely home here. And enjoyed the Tall Ships festival next year!

Tall Ships in Dana Point - There is an annual festival!

Tall Ships in Dana Point – There is an annual festival!

Median sales price was $827,500

Median sales price was $827,500

As this graph indicates, the median price was unpredictable too. This has been an unusual year and we have seen a considerable number of foreign buyers buying up American real estate.  It is a good investment.  Real estate is still recovering and now is the time to buy.  If you are considering a move, please contact me, Cathleen@cathleenpryor.com

Would you like to see the entire report?  Full Report  After the report appears, scroll down to any month and click. Then you will see the individual addresses of the homes that sold. Click on an address and you will see a map and more information. If you click on the “Details” link, you will get even more information.  You can copy the MLS number and use the link to the right side of this blog for the MLS and click on the search page near the top for the MLS input screen.  All the information and pictures are there for you!

MLS Report

MLS Report

Would you like school information?  This is from our title company, California Title,  Dana Point Community and School Information

The city has a web site also.   The City of Dana Point

Dana Point Ocean View

Dana Point Ocean View

 

 

Dana Point Homes Sell So Quickly Buyers Miss Out

July 22nd, 2013 | Coastal Real Estate,Dana Point,Housing Inventory,Orange County real estate,Residential Real Estate | No Comments »
Dana Point Harbor at Night

Dana Point Harbor at Night

Once you have fallen in love with Dana Point Harbor, you just have to live here. However, making an offer fast enough to get the property is the problem.  The days a property is normally on the market from the first day it is listed to the close of escrow is usually 100 days.  Not in this market.  While there were 3 homes on the market for over 300 days which would increase the Average Days on Market figure, last month so many homes sold and closed escrow quickly, the average was only 84 days.  The financed buyers were pre-approved and the cash buyers were ready to close as soon as the paperwork could be completed.  The buyers did not want the sellers to change their minds.

Golden Gate Bridge

Golden Gate Bridge

Last month I completed a sale for a couple who were living in San Francisco.  You can imagine how hard it is to jump on a plane in less than 24 hours to see a home and then the disappointment at getting here after a full price offer was made and accepted on the first day.  Well, I had to do something to make their retirement dream home come true.  The buyers were very internet savvy and spent time every morning, noon and night checking their email and the real estate sites.  When either the buyers or I saw a property meeting their criteria, I immediately went over and toured it with my iPAD  in the video mode.  I explained my tour and commented on each room, the view, the street and the yard and emailed the video or uploaded it to YouTube for them.  We still looked at many homes together before making an offer. When we got our offer accepted for a home in Monarch Beach that was just about to come on the MLS, the buyer made an offer based on the videos. She then flew down after the offer was accepted and fell in love with the home.  But we needed an inspection and the buyers were so far away!  I brought my iPad along for the home inspection and videoed the inspector explaining his findings and pointing out the item or area that needed attention.  The buyers felt they were at the property with us.  They decided on the repair list.  Right before escrow closed, the buyers returned to verify the repairs were done and the property was in the great condition it was when they made the offer 3 weeks earlier. Their loan officer with the Wells Fargo branch in San Francisco did a superior job of getting underwriting approval quickly and the loan documents to escrow quickly and then all the final escrow and loan documents signed in his office.  We were just the best team.  Just because you live far from here is not a problem.  Email me and we will work together to get your home! Cathleen@cathleenpryor.com

If you plan to finance a home and need a pre-approval, please give send me an email.  I can refer you to several reputable loan officers who can get the job done quickly.  Sellers will pick a pre-approved buyer over one who has not submitted all of his financial documents to a direct underwriter.  Be wary of  internet lenders who cannot close in less than 45 days.  Sellers prefer shorter escrows.

Sales Keep Up and New Inventory is Down

Sales Keep Up and New Inventory is Down

Look at those blue columns, new inventory kept rising earlier in the year but plummeted in June.  Do you want to see the current active inventory for Dana Point?  Dana Point Homes Currently For Sale  There are 140 homes for sale and that is a good amount with so little new inventory.  You should be able to find something you want but you need to act fast. Please email me if there is a home you would like to see or make an offer to purchase. Cathleen@cathleenpryor.com The cheapest home is listed for $540,o00.  The most expensive is listed at $23.5 million.

Would you like to see more of the most expensive home, 47 Strand?  This is right on a bluff overlooking the beach in Dana Point but north of the harbor, so all you see is ocean.

47 Strand

47 Strand

Back of Strand home

Back of Strand home

This would be a relaxing view to come home to.  Really most views are and there are many to chose from in Dana Point with its beautiful sloping hillsides overlooking the ocean.  47 Strand listing

The average price was far less than $23.5 million, so I think you could find something you like!

Average Price for Homes in Dana Point

Average Home Price was $1,803,909

Average Home Price was $1,803,909

Did I mention one of the homes in the Strands Development sold last month for $22,250,000?  That pushed the average price for June way up.  The Strands are a very exclusive and brand new community. This oceanfront acreage took a long time to get regulatory approval for building homes.  Then the Great Recession made it impossible to finance a large purchase much less a grand home. Of course, cash buyers were not concerned but they waited to the economy to survive the downturn before building began in earnest. Now you have your choice of grand homes.

Entire Sales Report

Would you like to see the entire report listing all the sales for the last 12 months?  Entire Sales Report  Scroll down and click on any month, then scroll down again and you will see the addresses of the homes sold in that month. Click on an address and you will get the listing information in an abbreviated form with a picture which you can click for further details and the MLS number.  Lots of information for you!

Tall Ships in Dana Point - There is an annual festival!

Tall Ships in Dana Point – There is an annual festival!

How about the Median Price?  This is the price in the very middle of all the sales.  This is good news for our buyers who are looking at homes priced under a million.

Median Home Price is $799,000

Median Home Price is $799,000

If you can afford $800,000, then you should know that half of the homes sold for less than $800,000.  As I mentioned earlier, there are homes in the $500,000- $600,000 range you can buy right now.  All of Dana Point is minutes from the beach.  Being a little farther away than on the ocean front has its benefits. Sometimes the fog does not reach your house and the traffic definitely does not.  There are gated communities as well as many non-gated communities to choose from.

Schools are excellent and highly rated, the restaurants are eclectic and their food delicious, two world-class resorts are here (St. Regis and the Ritz-Carlton), plenty of shopping (Don’t miss Hobie’s Surf Shop - terrific place to buy clothes and surf things, say hi to Mandy), close to the freeways, and so many ocean activities.  The city’s festivals and events are just amazing and usually free!  Check out their visitor’s page on their web site:    City of Dana Point Visitor’s page  There are free concerts, the Tall Ships Festival, Christmas Boat Parade and much more.

City Website

City Website

Come on down and join the fun!  Email me today and we can get you a home here quickly!  You will love the relaxed atmosphere and friendly communities.

Dana Point Sellers Are Bringing More Homes on the Market Finally!

June 5th, 2013 | Coastal Real Estate,Dana Point,Orange County real estate,Residential Real Estate | No Comments »
Beautiful Dana Point Harbor!

Beautiful Dana Point Harbor!

Dana Point sellers made a rush for the market in May by comparison to the last 11 months.  No one wanted to sell their home when the market was down.   Finally there is slightly more inventory than sales.  This inventory is rather expensive.  Only 27 of the 114 homes on the market were under $1 million.  But then again this is Dana Point.  Would you like to see a list of the active homes?  Active Inventory in Dana Point

Dana Point New Listings and Sales

Dana Point New Listings and Sales

See how the blue column spikes upward leaving the green column behind.  Those are the new listings keeping ahead of the sales. Last month there were 40 new listings and 33 listings sold.  I do not expect this will continue unless the million dollar buyers break loose and buy  the ocean close mansion they want.  Dana Point is so full of fun. There are constant activities involving the harbor and their history.  Many exclusive communities organize events too.  All of this is so close to the freeways, employment, universities, professional sporting activities, and more.

There was one interesting sale.  33631 Magellan was on the market for 812 days at $2,350,000.  It finally sold for $2,250,000.  Apparently the owner would not come down in price and waited for an offer he/she could accept.  Would you like to see the pictures?  For all the information -  33631 Magellan

33631 Magellan

33631 Magellan

What was the average sales price?

Dana Point Average Home Price in May 2013 - $1,247,996

Dana Point Average Home Price in May 2013 – $1,247,996

That is actually down from last month and last December but it reflects 33 sales so it does indicate lower priced inventory is selling.  The actual gauge for figuring out how if you can afford a home here is to look at the median price.  But first another look at Dana Point Harbor.

Dana Point Harbor at Night

Dana Point Harbor at Night

 What was the Median Price for Dana Point homes?

Dana Point Median Home Price for May $1,020,000

Dana Point Median Home Price for May $1,020,000

If you can afford up to $1 million dollars for a home you could have bought half of the homes that were sold in May.  When a home with a view or in a gated community comes on the market, a frenzy takes place.  You had better be pre-approved, underwritten or have cash in your pocket.  Prices escalate from the listing price. No problem for financed buyers, the appraisers can view all the offers at or near that price that were rejected.  Appraisals are coming in at full offered value.  The time to buy is now.  Prices will continue to go up.  Don’t be left behind.  Call me for an appointment to look at and make an offer on a home. I will get you pre-approved quickly. Cathleen@cathleenpryor.com  949 230-1834

Would you like to see the City of Dana Point website?  It has lots of information.  City of Dana Point

To see the entire report including the addresses of all the sold properties in the last year   Sales Report

Dana Point Ocean View

Dana Point Ocean View

 Email me!  Let’s get a home for you!

 

Dana Point Average Sales Price is $1,311,067

May 22nd, 2013 | Coastal Real Estate,Dana Point,Orange County real estate,Residential Real Estate | No Comments »
Dana Point Harbor at Night

Dana Point Harbor at Night

As if Dana Point was not beautiful enough during the day!  In the evening as the sun sets over the Pacific Ocean, you feel the ocean breezes pick up and hear the birds sing.  Then the city lights and the harbor lights come on.  You can truly enjoy this city 24 hours a day.  Who would not want to live here?

The market activity has increased so much, listings are scarce.  So many buyers are looking and looking.  Making offer after offer. My advice is to get full underwriter approval before you start and plan to put 20% or more down.  If you need to borrow from relatives to get your first house, do it.  Email me and I can get you pre-approved, Cathleen@cathleenpryor.com

When I lived in San Francisco, I remember a banker telling me how the banks loved lending in Chinatown.  Every young couple would be backed by their families, there might be 6 or 7 people on the loan. The family would get them in their first home and these loans never went bad.  The repercussions in the family would be horrendous if the couple ever stopped paying their mortgage.

We are seeing parents and grandparents taking money from savings and buying a home or condominium for cash for the children or grandchildren.  (Cash is a preferable offer to a financed offer for most sellers.)  The couple or single person can then finance the home after they have owned it for a couple of months and repay the relatives.

Sales are exceeding New Listings

Sales are exceeding New Listings

The new year started with more new listings than sales, then the buyers jumped into the market.  For some reason, sales took off and nearly doubled in March from February and almost matched that high in April.  The days a listing stayed on the market dropped to the low set in January.  The interesting item is the amazing number of homes over $5 million that are on the market.  Would you like to see the list?   Click here for active listings over $5 million

There are so many beautiful homes in Dana Point with incredible ocean views.  Take a look at 139 Monarch Bay.

139 Monarch Bay

139 Monarch Bay

Is this the good life or what?  If you can afford this beautiful home, enjoy it!

How about the people who can afford less than $5 million?  What was the average price?

$1,311,067 Average Price for Dana Point Homes

$1,311,067 Average Price for Dana Point Homes

This is impressive but down from last month when the average price was $1,523,593!  These prices are astronomical when compared to the last twelve months.  This price exceeded all but two month’s average prices.  For months the average prices were stable then everything when all over the map.  Up, then down, then up, then up.  What is going on?  This is what is going on.  More multi-million dollar properties are now on the market and wealthy Americans, investors, corporations and everyone else wants to buy into the most stable country in the world. America.  We get to live here.  Most people would like to.

Thank you to all the investors bringing money into our country.  And to the Americans, the time to buy into your country is now.

Beautiful Dana Point Harbor!

Beautiful Dana Point Harbor!

What is the median price?  The price that is unaffected by the few high-end properties?  That escalated too!

Median Price is $1,225,000

Median Price is $1,225,000

 

Here is where we need to get the buyers in a quiet place and tell them to buy now or regret it for a long, long time. This is the highest median price for the year, by far.  That means the buyers are willing to pay more for Dana Point homes than ever before.  That is because of the location and the stability of this county, oh and maybe, the absolutely beautiful climate.  We have no insects that invade our BBQs, humidity, snow, thunder storms and ice, etc. etc.  People love living here.  It is no secret.  If you want to buy, buy now.  Send me an email Cathleen@cathleenpryor.com   I will get you pre-approved at no cost and you can live here too.

Would you like to see all of the homes that sold over the last 12 months?   Click here to see the report

California Title has a lot more information on the excellent schools and the community.  Interested?   Click here

Tall Ships

Tall Ships Festival

Dana Point has so many festivals and tourist attractions.  Come and visit!  You will want to live here.

Dana Point Sales Set Records Too!

April 2nd, 2013 | Coastal Real Estate,Dana Point,Orange County real estate,Residential Real Estate | 1 Comment »

Everyone loves Dana Point!

City_of_Dana_Point_Web_site

 

There is so much to do and see in Dana Point. An abundance of natural beauty surrounds you. But enough about that, how about the real estate market?  First let’s go to the sales and the supply of new listings.  This is great news for sellers.

Dana Point Inventory Dwindles!

Dana Point Inventory Dwindles!

As the chart shows, the green columns (Sales) tower above the blue columns (New Listings) on many months and the new listings struggle to keep the buyers supplied with enough choices.  Right now there are 85 listings and of those two are foreclosures and there is one short sale.  The two foreclosures are priced at $699,000 and $1,129,000.  Foreclosures are priced at normal market prices unless the home has been wrecked.  The investors are not going to give away a property just because it has been vacated.  These people and corporations have plenty of money and time to make sure they get a fair price.  If you know this, then you will be fully prepared to bid on the few remaining foreclosures still on the market. 

Sales in the month of March were almost double the sales in February but March is a long month where February has fewer days and two holidays.  (Properties can only record on the weekdays that are not holidays.)  Still, double the sales?  That is significant.  Notice that there were twice as many new listings in March but the sales were even higher.  Inventory still went down by a notch.  If you want your ocean close home, call or email me quick and let’s go shopping!  Cathleen@cathleenpryor.com

As we talk about the sales, are you interested in seeing each of the houses and a map that shows where the house is located along with the address and specific information about the house?  Click here  Scroll down and see the last 12 months, click on a month, below will appear all the addresses and their sales prices. Click on an address and you get the map and information with the MLS number.  Using that MLS number and the link on the sidebar, you can see all the pictures and the descriptive information. 

Beautiful Dana Point Harbor!

Beautiful Dana Point Harbor!

Are you interested in the average sales prices and possibly the most expensive home that sold?  Read on! 

Dana Point Average Home Price was $1,554,880  Wow!

Dana Point Average Home Price was $1,554,880 Wow!

This is off the chart!  There were several very expensive homes that sold last month in Dana Point.  The average price was by far the highest all year and the trend is upward.  The top of the sales for the month was 45 Beach View Rd.  This home is under construction on a bluff overlooking the ocean. It will have 6300+ sq ft of home on a 10,000 sq ft lot and all the amenities plus an incredible ocean view.  You never have to go anywhere, just invite your friends over.  Everyone would want to be your friend to get a chance to visit this amazing home.

Dana Point Home Under Construction Sold for over $6 million

Dana Point Home Under Construction Sold for over $6 million

Click on this link to read more about this residence – 45 Beach View Rd.  It is fun to dream!

With all of the multi-million dollar sales, there were 13 sales over a million dollars in one month, there were still many sales for the average family.  The median price will reflect the price in the middle of all the sales. It was actually lower than last month but the number of expensive homes that sold was phenomenal .

 

Median Price for March was $782,000

Median Price for March was $782,000

Whew!  The average buyer for Dana Point can still get a home.  If you have around $800,000 to spend, you can find a wide variety of homes, views, tracts, and lots in this city.  If you go just a little further north to Laguna Beach, you will pay double or triple the price for a home.  Why do that?  Live in Dana Point and save your money.

So close to the ocean!

So close to the ocean!

You can have your California dream home!  Call me now for more information and the opportunity to buy a home in Dana Point!  949 230-1834  or email  Cathleen@cathleenpryor.com  Don’t miss out on the current prices, they are going up by 16% or more in 2013.

 

 

Dana Point Real Estate Market is Hot!

February 16th, 2013 | Coastal Real Estate,Dana Point,Orange County real estate,Residential Real Estate | No Comments »
Beautiful Dana Point Harbor!

Beautiful Dana Point Harbor!

Let’s head to the harbor for an invigorating walk, fresh ocean air and maybe lunch, dinner or just have a coffee!  When you live in Dana Point, you are just minutes away from this beautiful harbor.  No wonder the market is recovering fast.

Finally there is an increase in new listings!

Finally there is an increase in new listings!

After months of dwindling inventory, the sellers are bringing their homes on the market.  Just as quickly as they do, the offers stream in.  Homes are getting as many as 10 or 20 offers on the first day!  The average days on market for a home in Dana Point is 79 days.  That is barely enough time to get the brochures done, the carpets clean, the yard groomed and put the dog away.  (Well, maybe there is enough time to put the dog away.)

Even with the uptick in inventory in January, it falls way short of the average month’s new listings last year.  Sales were way down but that was just the result of the big rush in December to get a home and the normal slowdown after New Years and the start of the school term.  Most buyers did not have much to choose from in the first two weeks of 2013 but now things are looking up.  Expect February sales to be up even with the two holidays and the big holiday weekend.

Oh, the Dana Point Harbor at Night!

Oh, the Dana Point Harbor at Night!

You are probably asking yourself what the average prices are.  I have that information!  If you click on this link, you will see the actual report.  The tabs across the top will display these same graphs and if you scroll down past the graphs and click on a month, you will see the list of sold properties for that month.  The past twelve months are available for viewing. Each address listed is another link to the information for that property!  Have a great time and see all the details with this link or read on for a synopsis.  Click here for the actual report 

Contact me at cathleen@cathleenpryor.com

Average Prices for January 2013 in Dana Point

Average Sales Price in Dana Point for January 2013  $865,900

Average Sales Price in Dana Point for January 2013 $865,900

This is not earth-shattering but keep in mind there were only 10 sales. That makes the statistics disceptive.  December sales were just as misleading because so many really expensive homes sold.  There was a definite reason people wanted to close before December 31, 2012. Usually taxes are the motivator but there were some really good buys too.  As the market picks up, prices will rise.  We don’t always have the same confidence in the stock market.  Real estate is cyclical and the experts predict continued price increases of up to 17% on average for 2013.  That is what we saw in 2012!  Overall when real estate picks up the entire economy benefits.  We can all be happy about that.

City of Dana Point Website

City of Dana Point Website

Look at that ocean!  When you live here, you see it every day.  This is a happy place to live and if you are lucky, work.  How many people can work from home these days?  More and more.  If you could enjoy this view at your breakfast table or on your coffee break, why settle for less?  Contact me at cathleen@cathleenpryor.com

Now you are thinking, what is the median price?  This is the price often quoted in the newspapers, internet news and publications.  It is the price in the middle of all of the sales.  It gives you a balanced perspective of the affordability of the area. If you can afford a home near the median price, you should buy here.

The Median Price for Dana Point Home Sales in January  $705,000

The Median Price for Dana Point Home Sales in January $705,000

This is great news ! 

This is right in the tight trading range of the median prices all year long.  Seven months actually had higher prices but there was not  a huge variance.  You can afford your beach close home now!  The sellers even gave the buyers a 2% discount on the price to get the home sold.  The median asking price was $714,450.  With the current interest rates, you would be foolish not to get in and buy!  If you need a pre-approval, even if you are a small business owner, I can help you.  If you are a foreign buyer, I can refer you to experts who can underwrite a loan.  Maybe you are a cash buyer, then you are so welcome!  Contact me at cathleen@cathleenpryor.com

Are you interested in Dana Point?   Click here for information from California Title

Would you like to see the internet site for Dana Point?  CLICK HERE

Dana Point Website

Dana Point Website

Multi-million dollar properties are Hot in Dana Point!

January 10th, 2013 | Dana Point,Orange County real estate,Residential Real Estate | 39 Comments »

12 Ritz Cove sold for $9,625,000

Home sweet home!  Would you like to see more of this gorgeous home?  Click here and enjoy!

This sale definitely skewed the results for the average Dana Point home price in December but the median price was up too due to the large number of multi-million dollar sales.  The most expensive homes, the $9.6 million dollar home and the $2.9 million dollar home, sold for cash.  More about that later in the post.

New Listings Continue Downward - Sales Are Up!

New Listings Continue Downward – Sales Are Up!

 Look at the blue columns!  The number of new listings coming on the market since June have been slowing down. In December only 16 homes came on the market.  That is not enough for the hungry buyers roaming the streets looking for brand new For Sale signs.  They are getting discouraged and we hope the sellers get motivated and start listing their homes.  Sellers have the option of dictating to the buyers the move date that fits their schedule and a selection of offers to choose from.  This is a great market for sellers and the prices are moving up.  Sellers do need to be aware most buyers need loans and are aware of recent sales.  If a property is considered to be over-priced by the buyers, it can sit on the market for several months.  If it is priced right even if a little higher than recent sales, it can be bought on the first day.

December was one of the best sales months all year and the lowest month for new listings.

Watch for boats with pirate flags!

Watch for boats with pirate flags!

With that beautiful harbor, friendly neighborhoods, great shopping, stupendous view homes, first-class schools, is it any wonder people want to live here?

Average Home Prices

The average home price spiked up considerably due to the number of sales for multi-million dollar residences.

Average home price for December was $1,412,513

Average home price for December was $1,412,513

Sellers wish this spike in the average home price was closer to the median price.  Thirteen of the twenty-nine sales were over one million dollars.  Most were over $1.2 million.  Most of the multi-million dollar properties were bought for cash. CASH!  We have many buyers coming into our country with lots of American dollars to buy real estate.  Real Estate is a safe investment in America when you compare this country with the rest of the world.  We are among the very few countries that welcome foreign investors and provide a safe haven for their money.

If you would like to see the actual homes that sold in December Click here – Scroll down the report and click on December, then continue to scroll down through the addresses that appear.  Click on an address and see what you get! 

The beautiful Ritz Carlton

The beautiful Ritz Carlton

The beautiful Ritz Carlton overlooks Dana Point Beaches.  They still retain the “Laguna Niguel” in their name but actually the land was annexed by Dana Point secretly years after it was built, then they announced their coup to the world. That is a long story.

Median Home Price in December was $850,000

Median Home Price in December was $850,000

Usually the median price is resistant to spikes in purchases of expensive homes.  Not in December 2012!  When millionaires and billionaires need to close on a home before December 31st, they just bring in the cash necessary and get the job done.  There was a flock of them in Dana Point this December.  You may not recognize the location of these homes as Dana Point locations.  The sales were in areas of Dana Point named Monarch Beach, Ritz Cove, Bal Harbour, and Terraza del Mar.

Half of the homes sold for less than $850,000. and many between $500,000 and $600,000.  You can still find a beach-close home for less than a million dollars, much less. 

If you would like a list of the homes in Dana Point actively for sale at the time of this post - Click here  (Warning – there are ten homes for $10 million or more.)

Would you like more information on the City of Dana Point?  Click here

Would you like to access the website for the City of Dana Point?  Click here

They have more fun in this city with all the ocean activities.  You should be here for the Festival of the Whales.  Take a look at one of the Tall Ships in the harbor for the week-long event.

Have you seen the Tall Ships Festival in Dana Point?

Have you seen the Tall Ships Festival in Dana Point?

 

Dana Point Home Sales * Inventory Peaked In July And Is Now Shrinking Drastically

October 29th, 2012 | Dana Point,Residential Real Estate | 29 Comments »

Oh, the Dana Point Harbor at Night!

The harbor is just minutes away from any residence in Dana Point or Monarch Beach.  You can stroll along the harbor all day enjoying the beautiful views and the nice little harbor. No container ships here.  Then at night it becomes even more picturesque.

The bad news for buyers:

There goes the inventory!

 Pending sales keep rising but low inventory will halt this trend.  The result of all the sales this year is shrinking inventory.  We are seeing multiple offers and properties being put on “Hold” status to ward off numerous backup offers.  One short sale property received 21 offers in one day.  It was under priced. As of this morning there were 117 active listings so the sellers are encouraged and ready to put a sold sign in their front yard.  If you are planning on buying a home after you sell one, this is the perfect time. Interest rates cannot go lower and prices are still recovering but will soon show a steady rise.

Sales are Strong for the 4th Quarter

The picture of the end of 2012 is rosy for Dana Point.  People just keep buying.  Who wouldn’t?  Dana Point is a beautiful coastal city with a rich heritage, charming neighborhoods, excellent schools, wonderful restaurants and close to freeways and lots of shopping.  You can see how much those green columns have risen (sales) after a very slow 2011.

Interestingly there were a larger number of very expensive homes that sold in September.  And some very old listings finally moved. There were four old listing that finally closed in September (650 days on market, 550 days, 414 days and 321 days).  Can you imagine having your home marketed for 650 days?  That would be miserable.  The minimum time frame was 44 days. 

People who bought had lots of money, the most expensive home was $2.55 million on Magellan Isle  followed by a home for $1.9 million, one for $1.7 million, $1.675 million, $1.28 million and $1.102 million.  These will turn out to be good investments and their owners will see appreciation.

Time to relax in your home on Magellan Isle

Interested in seeing all the pictures on the MLS?   www.imagemaker360.com/IDX111616

Average Prices

Average Price for Dana Point Home was $970,477

The average listed price of the homes that sold was over $1 million.  This is the second month in a row the average price of the sold listings was over $1 million dollars.  This is impressive for such a small city with a large variety of listed homes.  You can find homes in the $500,000 range and go up from there.

Watch for boats with pirate flags!

Dana Point has a real tall ship in the harbor and all the visitors can take a look.  There is a marine institute with activities and docents to educate everyone on the ocean and the need to take care of it. You can also enjoy the “baby” beach with shallow water and no waves.  There are plans to renovate the harbor space.  Read more about it http://www.ochomebuyer.com/blog/dana-point-real-estate-news-dana-point-harbor-renovation-.htm   Better yet, call  my cell phone at 949 230-1834 or email me at cathleen@cathleenpryor.com  and buy your own Dana Point residence. 

Median Price

Home Prices are Going UP! Median price $725,000

 If you can afford a home priced around $700,000, you can easily live in Dana Point.  Half of the homes sold for less than $725,000 and half for more.  When you live here you can vacation at home every day of the year.  You are close to world class resorts, amusement parks, upscale shopping, gourmet restaurants and more.  This city has regular free entertainment in their parks and a number of ocean-centered events.  Every year they have a tall ships festival and you can see these amazing sailing ships from the 18th and 19th century. 

For more information – http://www.tallshipsfestival.com/

 For all the information on the sales in each of the last 12 months -  click here

Interested in learning more about Dana Point?    http://www.titleadvantage.com/mdocs/DanaPoint.pdf

Call or text me if you would like a list of homes currently on the market – 949 230-1834

 

 

Dana Point Home Sales are HOT!

September 17th, 2012 | Dana Point,Residential Real Estate | 19 Comments »

Time to move to beautiful Dana Point!

Can you blame people who want to enjoy the beauty of the ocean and a scenic harbor for making multiple offers,  moving to Dana Point and swallowing up the inventory?  They are tired of the city life.  They want to enjoy the ocean and all of the aquatic sports, walks along the beach, running in the sand, attending the many festivals and free concerts Dana Point offers, enrolling their kids in top schools, and just relaxing watching the sun set over the ocean.  If you want a list of the current inventory of homes, please email me your request.  I will keep you updated on a daily basis. cathleen@cathleenpryor.com 

 

SALES AND NEW LISTINGS  JULY 2011 TO AUGUST 2012

 

Look at those sales!  Wow!  Twenty-seven properties sold last month and only 17 came on the market. Last month 28 sold and the month before 26 properties sold.  Each of those months, fewer new listings entered the market.  And these buyers have big pocketbooks.  The most expensive home sold in one day for $3.525 million in Niguel Shores. Eight of the twenty-seven properties sold for more than a million dollars.  They were located all over the city but had incredible views in common.

 For a detailed list of the sold properties by month for the last 12 months – Click here

Dana Point is so much fun!

AVERAGE HOME PRICES

Average Price for a Dana Point Home in August 2012 $976,037

This is an incredible average price but not the highest in the last 12 months.  The average price last September was $990,925 and $1,047,707 last October. It was skewed by the sale of 33841 Niguel Shores Drive and 32552 Sea Island Drive ($2.275 million) but remember, there were many sales below $1 million.

32552 Sea Island Drive

The median price is the real barometer of real estate sales in any area as long as there are a significant number of sales for the month.  27 sales is a good number of sales.

Median Home Price was $675,000

This is why you want to know the median price.  Half of the homes sold for less than $675,000.  The lowest median price for the past 12 months was $635,000 and the highest was $738,000, just last June.    On the average the buyers negotiated a 6% discount in price from the sellers.  The average days on market dropped to 112.  Sellers who put their homes on the market at a competitive price have to pack fast.  They are moving.  Get pre-approved now.  Email me for a list of honest loan officers with excellent interest rates and underwriting departments.  They will get you a loan fast.

City of Dana Point Website

Would you like more information on the City of Dana Point and the events?  Click here

Dana Point Harbor at night


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