Archive for the 'Ladera Ranch Real Estate' Category

Orange County Real Estate Market Update 8/1/17

The housing market in Orange County has continued to get a little more difficult for home buyers. The inventory of homes for sale has continued to go down over the last few months. So buyers have less options and more competition especially in the lower price ranges. Sellers are getting high prices for their home’s but there are fewer owners choosing to sell. One reason for this is that would-be sellers are not sure they will be able to find a suitable replacement property if they do sell. The uncertainty is really creating a self-fulfilling prophecy where sellers cannot find homes because sellers do not want to list homes. About 30-35% of buyers are opting to buy a home directly from homebuilders because they cannot find what they want on the resale market. The low inventory and high buyer demand is continuing to push prices higher, so far around 5-6% this year.

Amid the lowest housing inventory levels of the year, existing home sales in California took off in June to their highest pace in nearly four years as existing home sales and median home price recorded strong gains on both a monthly and annual basis for the second straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. “With active listings 13.5 percent lower than last June, we’ve now experienced a full two years in which active listings have fallen on a year-over-year basis and the lowest inventory level this year. Would-be sellers aren’t listing their homes as many of them would also face an inventory challenge if they were to turn around and buy another property.” Says C.A.R. President Geoff McIntosh.

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Orange County Real Estate Market Update 7/5/17

The Orange County real estate market has continued to climb over the last few months. A surge in home buying pushed Orange County home prices to a record high for a second straight month, curbing affordability more as buyers compete for a limited number of available houses and condos. The median price of an Orange County home — or price at the midpoint of all sales — soared in May to $695,000, up $20,000 in a month, real estate data firm CoreLogic reported Wednesday. That’s also up $43,500 or 6.7 percent from a year earlier. Sales, meanwhile, increased 1.9 percent from May 2016 to 3,682 transactions last month, aided by still-low mortgage rates. Last month’s sales tally was the highest for a May in four years. Orange County home prices have gone up on a year-over-year basis for 61 consecutive months, climbing $260,000, or 65 percent.

Despite the Fed rate hike, home loan rates have remained flat over the last month. From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 3.88 percent, improving 2 basis points from last week’s 3.90 percent and dropping to the lowest rate since November. The 15-year fixed averaged 3.17 percent, unchanged from last week.

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Orange County Real Estate Market Update 5/2/17

Homeownership in Los Angeles and Orange counties started 2017 at a 2-year high but still ranks among the nation’s worst. In the L.A.-O.C. region, ownership hit 50.1 percent in the first quarter, the third worst share in the U.S. Census Bureau’s quarterly tally of households living in a home they own in 75 large U.S. metro areas. L.A.-O.C. ranked last in ownership in all four quarters of 2016. However, the region’s latest result is an improvement compared with 48.4 percent in the fourth quarter and 49 percent a year ago.

Homeownership is on the rise across much of California as the rate hit 55.1 percent in the first quarter, highest since 2011’s second quarter. Nationally, the state was fourth lowest behind the District of Columbia, New York and Nevada.

Condo owners got some good news recently if they are considering selling. A new housing report shows the typical resale condominium – relatively affordable housing for moderate-income homebuyers – now fetches almost a half-million dollars. In March, the median price of an Orange County resale condo hit $475,000, or $5,000 more than the record set during the housing boom, housing data firm CoreLogic reported Tuesday.

Home loan rates have remained mostly flat over the last month. From Freddie Mac’s weekly survey: The 30-year fixed rate broke the 4 percent barrier, rising 6 basis points and landing at 4.03 percent. The 15-year fixed also was up a bit, averaging 3.27 percent, 4 basis points worse than last week’s 3.23 percent.

 

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93 Livingston Place, Ladera Ranch | JUST SOLD $749,000!

93 Livingston Place, Ladera Ranch is an upgraded single family home that was for sale in the community of Wescott. Scott Bingham of Beach Cities Real Estate has JUST SOLD this home where he represents the Sellers in this real estate transaction. The home was listed for $749,000 and ended up selling for full price! That makes this home the most expensive sale ever in the Wescott neighborhood by over $45,000! The property is a 4 bedroom, 2 ½ bath, 2 car garage, and 2067 SQFT. 4 Bedroom homes are rare in this neighborhood and this home has the largest floorplan found in Westcott. The home is well upgraded with granite counter tops, stainless steel appliances, hardwood floors, crown molding, and plantation shutters throughout. The Ladera Ranch master planned community features 10 pools, 18 parks, 4 club houses, tennis courts, playgrounds, wireless internet, hiking trails, private waterpark, skate park, dog park, and much more!

If you are looking for a home in Ladera Ranch or anywhere in Orange County, give Scott a call 949-412-3515. You can also see everything for sale online www.LaderaRanchRealEstate.com.

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Ladera Ranch Homes for Sale

Ladera Ranch is one of Orange County’s best kept secrets. Ladera Ranch was made popular by the reality TV show The Real Housewives of Orange County and is the premier master planned community in south Orange County near the coast. Known for it’s exceptional amenities, award winning schools, and strong community sentiment. Amenities include various clubhouses, a private water park and skate park, 18 community parks, a dog park, 4 large community pools, six “plunges” (smaller neighborhood pools not connected to a clubhouse), many “pocket parks”/ green belts, shopping districts, and miles of hiking trails.

Covenant Hills is the gated community of Ladera Ranch. Covenant Hills is known for it’s sprawling estate homes that can range up to 8,900 square feet with home prices between $1,200,000 to $5,000,000.

Here is access to all the homes currently for sale in Ladera Ranch: Ladera Ranch Homes for Sale.

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93 Livingston Place, Ladera Ranch | IN-ESCROW!

Rare 4 bedroom Westcott single family home just listed for sale in the community of Ladera Ranch. Monday Scott Bingham of Beach Cities Real Estate has put IN-ESCROW this detached single family home where he represents the seller in this transaction. The home was on the market for only 3 days before opening escrow! The property is a 4 bedroom, 2 ½ bath, 2 car garage, 2067 SQFT home for only $749,000! The home has the largest floorplan found in the Westcott neighborhood! The home is well upgraded with granite counter tops, stainless steel appliances, hardwood floors, crown molding, and plantation shutters throughout. The home is located on a quiet cul-de-sac street and is a short walk to the nearby shopping center. The Ladera Ranch master planned community features 10 pools, 18 parks, 4 club houses, tennis courts, playgrounds, wireless internet, hiking trails, private waterpark, skate park, dog park, and much more! For more information on the homes for sale in Ladera Ranch please contact Scott at 949-412-3515.

Want to see additional information and pictures of the home? Click this link: 93 Livingston Place, Ladera Ranch.

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93 Livingston Place, Ladera Ranch | JUST LISTED $749,000!

Rare 4 bedroom Westcott single family home just listed for sale in the community of Ladera Ranch. Wednesday Scott Bingham of Beach Cities Real Estate has JUST LISTED a detached single family residence where he represents the sellers in this transaction. The property is a 4 bedroom, 2 ½ bath, 2 car garage, 2067 SQFT home for only $749,000! The home has the largest floorplan found in the Westcott neighborhood! The home is well upgraded with granite counter tops, stainless steel appliances, hardwood floors, crown molding, and plantation shutters throughout. The home is located on a quiet cul-de-sac street and is a short walk to the nearby shopping center. The Ladera Ranch master planned community features 10 pools, 18 parks, 4 club houses, tennis courts, playgrounds, wireless internet, hiking trails, private waterpark, skate park, dog park, and much more! For more information on the homes for sale in Ladera Ranch please contact Scott at 949-412-3515.

Want to see additional information and pictures of the home? Click this link: 93 Livingston Place, Ladera Ranch.

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Orange County Real Estate Market Update 1/3/17

Happy New Year’s 2017! What do you think will be happening to real estate this year in Orange County? Most predictions have been positive about the real estate outlook in southern California. If economic indicators are any guide, Orange County’s housing market is heading for a fifth straight year of rising home prices, increased sales, more rent hikes and booming home construction.

Orange County home prices are projected to rise 2 percent to 6 percent this year. Home prices in the county have been rising steadily since the housing market turned around in the spring of 2012. According to CoreLogic, prices have been up year over year for 54 straight months, rising $216,000, or 50 percent, from May 2012 to this past May.

Interest rates for a fixed, 30-year mortgage will be 1 percentage point or more above the 2016 average of 3.6 percent. California Realtors forecast in October that mortgage rates would be around 4 percent throughout 2017 but now are revising that estimate, said Jordan Levine, a Realtor economist. He predicts rates could be in the 4.5 percent range this year and possibly as high as 5 percent. So if you’re thinking about buying this year keep in mind the rates are starting to go up so it would be smart to buy before that happens.

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12 Starlight Isle, Ladera Ranch | Just Listed for Lease $14,500

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12 Starlight Isle is located in the guard gated community of Covenant Hills in Ladera Ranch. Friday Scott Bingham of Beach Cities Real Estate has Just Listed for Lease this luxury home where he represents the owner. The home is available for $14,500 a month furnished. The home features dual master suites, one upstairs and one down each with its own full bath. There is a total of 6 bedrooms (4 upstairs/2 downstairs) one downstairs bedroom currently being used as a game room with a pool table. Kitchen features granite counters, full backsplash, dark fruitwood maple cabinets, stainless steel appliances, and butler’s pantry. The backyard showcases the California lifestyle with a private pool/spa, covered patio room with a built in BBQ, a Bar, and an outdoor fire pit. For more information on the homes for sale and lease in Ladera Ranch please contact Scott at 949-412-3515 today.

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Want to see additional information and pictures of the home? Click this link: 12 Starlight Isle, Ladera Ranch.

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Orange County Real Estate Market Update 7/6/16

Great news to begin your holiday weekend, soon you’ll be able to finance or refinance your love shack with a 30-year fixed for under 3 percent! Thirty-year mortgage rates have never been that low in the 45 years since Freddie Mac began tracking them in 1971. It appears that the economic fallout from ‘Brexit’ will at least have one upside for American home owners and for home buyers requiring financing.

This week the 30-year fixed averaged 3.48 percent, a whopping 8 basis points lower than last week’s 3.56 percent. That’s the lowest rate since May 9, 2013. The 15-year fixed settled in at 2.78 percent, 5 basis points better than last week’s 2.83 percent, and the five-year ARM (an adjustable-rate mortgage that’s fixed for the first five years) fell to 2.70 percent. Both also are at three-year lows!

The recent economic turmoil has left many wondering if the housing market will soon decline. The chance of a widespread drop in local or statewide home prices in the next two years is practically nil, according to a new forecast from a private mortgage insurer. Arch MI’s quarterly housing reports pegs the risk of a price drop based on a host of real estate trends, credit market factors and economic patterns. Recent economic turbulence has raised questions about the durability of housing’s rebound from its collapse and the Great Recession.

Based on first-quarter data, Arch calculated the risk of price drops in all of California – as well as in Orange, Los Angeles, Riverside or San Bernardino counties – at a “minimal” 2 percent vs. 5 percent nationwide. A year ago, California’s price-drop risk was 8 percent, equal to the national risk level in 2015’s first quarter. “We see no housing bubble in Southern California,” says Ralph DeFranco, chief economist for Arch MI’s owner, Arch Capital. “Even though homes feel expensive, they are supported by the amount of income people have.”

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