Orange County Real Estate Market Update 9/5/17

The housing market in southern California remains strong but seem to be loosing some of it’s steam and slowing slightly. This is a good thing considering how low the home inventory has remained throughout the year. Hopefully the slight slow down will be a chance for buyers to see more home’s on the market before they go into escrow.

Orange County’s red-hot housing market cooled in July — but only slightly, new housing figures released Tuesday, Aug. 29, show. The median price of an Orange County home — or price at the midpoint of all sales — dipped to $690,000 last month, the Irvine-based real estate data firm reported. That is down from the all-time high of $695,000 reached in May and June, CoreLogic figures show. But last month’s median still was up $50,500, or 7.9 percent, from July 2016.

Sales, meanwhile, also cooled somewhat from this past spring’s home buying frenzy. CoreLogic reported 3,278 houses, condos and townhomes changed hands last month. That’s 21 units shy of the July 2016 tally, a decrease of 0.6 percent year over year. Last month’s sales drop could have been caused by a jump in transactions to an 11-year high in June, said CoreLogic Research Analyst Andrew LePage. “The drop-off in activity suggests that late-spring homebuyers burned through a sizable chunk of an already tight inventory of homes for sale, which then constrained July sales,” he said. Jordan Levine, senior economist for the California Association of Realtors, said the July market is repeating a story that has been playing out in the region for the last four years. “There’s far more demand than supply,” Levine said. “At the same time, unemployment came down and incomes are coming up. That’s a recipe for higher prices.”

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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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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

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Coto De Caza Homes for Sale

Coto De Caza is master planned guard gated community made famous by the TV series ‘The Real Houses Wives of Orange County’. Nestled in the foothills of Trabuco Canyon on the eastern boarder of Orange County, the community spans approximately 8 square miles of land and features equestrian facilities for horses, golfing, fishing, tennis, swimming, and much more. The entire city of Coto De Caza is a large guard gated community. The resort like feel of the community offers charm and pleasure to all those privileged to live within the community. Not only are the amenities plentiful but the homes that grace its gorgeous land help make Coto de Caza a one of a kind place to raise a family in south Orange County. Coto De Caza is located to the north of Ladera Ranch.

Here is access to all the homes currently for sale in Coto De Caza: Coto De Caza Homes for Sale.

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Aliso Viejo Homes for Sale

Aliso Viejo is a city located in south Orange County near the coast. It’s located to the East of Laguna Beach, to the south of Laguna Hills, and to the north of Laguna Niguel. Aliso Viejo is a planned community that is business oriented and attracts a very highly educated demographic. The homes vary considerably in both size, style, and price. There are condos, single family residences, multi unit properties, and even gated community million dollar homes. Most of Aliso Viejo is suburban communities with business parks spread throughout the city as well. Aliso Viejo is a great option for buyers that want to leave near the ocean but not pay as much to live in a coastal community.

Here is access to all the homes currently for sale in Aliso Viejo: Aliso Viejo Homes for Sale.

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San Clemente Real Estate and Homes for Sale

San Clemente is Orange County’s southern most coastal city. San Clemente is famous for being a major surfing destination and for it’s great climate. San Clemente has a number of famous beaches including Tressels, San Onofre, San Clemente State Beach, San Clemente Pier, and more. The city is one of the most affordable coastal cities in purchase a home in southern California. Many of the buyers that start looking in Newport Beach and Laguna Beach end up buying in San Clemente because of the price and the small beach town feel. The homes in San Clemente vary a lot depending on the area you’re looking in. There is everything from multi family properties to condos, to single family homes, to large estate homes. One of the most famous homes in Orange County ‘The Western Whitehouse’ which was once President Nixon’s property is located in San Clemente.

San Clemente is made up of 9 different areas which are named San Clemente North, Forster Ranch, Marblehead, San Clemente Central, Rancho San Clemente, Coast District, Talega, San Clemente Southwest, and San Clemente Southeast.

Here is access to all the homes currently for sale in San Clemente: San Clemente Homes for Sale.

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Dana Point Real Estate and Homes for Sale

Dana Point is one of Orange County’s oldest cities located along the coast of southern California. Dana Point was named after Richard Henry Dana who wrote Two Years Before the Mast, a novel about his travels along the California coast. Dana Point is now known for having a boat harbor and exceptional state parks like Doheny State Park with is located on the coast. The area of Monarch Beach in Dana Point has extraordinary ocean view residences and impeccably crafted luxury homes that offer amenity-rich, resort-style living. The area is also known for having world-renowned hotels like The St. Regis and The Ritz Carlton.  The city is characterized by nearly seven miles of prominent coastal bluffs and rolling hills along the Pacific Ocean. The most noteworthy of these bluffs is a promontory known as the “Headlands” which overlooks Dana Point Harbor. Recently that area has been developed into a luxury home community named The Strand At Headlands with homes ranging into the multi million range. The city is a great option for home buyers looking for a coastal community in southern California that won’t cost them an arm and a leg. Dana Point and San Clemente are both considered to be the less expensive coastal cities in Orange County to buy a home. Below are all the homes currently for sale in Dana Point.

Dana Point is made up of 5 different areas which are named Lantern Village, Del Obispo, Capistrano Beach, Dana Hills, and Monarch Beach.

Here is access to all the homes currently for sale in Dana Point: Dana Point Homes for Sale.

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25082 Champlain Road, Laguna Hills | JUST SOLD $700,000!

IMG_7459where he represents the Sellers in this real estate transaction. The home was on the market for only 12 days before accepting an offer and opening escrow! The home was listed for $714,900 and ended up selling for $700,000! The home is a 4 bedroom, 2 bath, 2 car garage, with 2,500 square feet of living space. The home upgrades including an open floorplan, remodeled granite kitchen/new cabinets, wine fridge and breakfast bar. The home also features fresh paint throughout, upgraded bathroom, crown molding, double pained windows, a new AC unit, new water heater, newer carpet, mature fruit trees, large backyard which can easily accommodate a pool, and RV parking/access. The community has two parks are both in walking distance and include tennis courts, a playground, and lots of open space to run around. No HOA or Mello Roos! If you’re looking for a home in Laguna Hills or anywhere in Orange County give Scott a call 949-412-3515.


See what’s currently for sale in Orange County at our website Ladera Ranch Real Estate!

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