February 2010

There are 9 blog entries for February 2010.

January 2010 statistics show San Clemente had 688  new foreclosures with an average foreclosure sales price of $552,125, according to RealtyTrac.com.

There were 65 new foreclosures in the 92673 zip code and 67 new foreclosures in 92672, for a total of 132 new foreclosures in San Clemente. 1 in every 167 housing units received a foreclosure filing in January 2010.

San Clemente Foreclosure Geographical Comparison

San Clemente foreclosure rate was 0.35% above national rates, 0.06% above California rates, and 0.15% above Orange County rates.

san clemente foreclosure

San Clemente Foreclosures By Month

Foreclosure activity decreased in January with the number of bank-owned properties up from 23 to 25 and pre-foreclosure numbers increasing from 53 to 54. The number of

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There were 24,546 Orange County CA foreclosure homes and 4,668 new foreclosure filings in January 2010, according to RealtyTrac.com. The average sales price of an Orange County home was $519,097 while the average sales price of a foreclosure home was $403,176. 

Orange County CA Foreclosure Activity and Home Price Index

Home price appreciation dropped 0.68% in January with 4,668 foreclosures.

 Orange County CA Foreclosure Activity and Home Price Index

 

Orange County CA foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Orange

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Waterford Pointe Home - Dana Point

Unobstructed panoramic views from this fantastic highly upgraded and loved home in the prestigious and gated Waterford Pointe community. Enjoy resort style living in this 2-bedroom, 2.5-bath home with 2-car direct access garage and expansive viewing deck off the main living area. Travertine, hardwood floors and custom designer tile welcomes you into this light and bright home with open, spacious floor plan. Viewing deck and private patio off of main bedroom to enjoy the ocean breeze. Enjoy association amenities, pool, spa and tennis court. Ideally located close to Dana Point Harbor, shopping and restaurants.

Dana Point is approximately one-half way between Los Angeles and San Diego, and is bordered by the cities of

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Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.

Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas

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Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.

Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas

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What better way to show your love for San Clemente, Dana Point and Orange County than to participate in this year's Doheny Beach Cleanup!

Saturday, February 15 from 9AM to Noon is the 'St Valentine's Day - Love Your Beach Cleanup". Please take this opportunity to show your love for this precious natural resource and help clean up the beach after massive winter rains.

doheny beach

Volunteers will meet at the Lifeguard Station and bring work gloves.

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Tax Season. It's that time of year again, and given the state of the economy, saving every penny is very appealing. As an owner of Orange County real estate there are many deductions and tax credits you will want to take claim on your 2009 return…provided you qualify of course!!

Here are a number of money-saving ways to reduce the amount of tax you owe--or even increase the amount of your refund!

First, let me explain the difference between a tax deduction and a tax credit.  A tax deduction reduces (adjusts) your taxable income. A tax credit reduces your tax dollar for dollar. You do not have to itemize deductions to claim a tax credit.

Tax Deductions for Orange County Real Estate used as your Primary Residence

•    Interest paid on your mortgage

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Super bowl turns all Americans into football fans. Those who haven't watched a football game all season tune into the Super Bowl...even if it is just to watch the commercials!

Here are a few places where you can enjoy the Super Bowl in San Clemente, Dana Point, San Juan Capistrano and Huntington Beach:

SALT CREEK SUPERBOWL FESTIVITIES
10:30 a.m.–10 p.m. Drink and food specials all weekend at Salt Creek Grille. 32802 Pacific Coast Hwy., Dana Point, 949.661.7799, www.saltcreekgrille.com.

SUPERBOWL PARTY AT TANNINS
Tannins Lounge hosts a party for the game with cheap appetizers and drinks. 27211 Ortega Hwy., Suite C, San Juan Capistrano, 949.661.8466, www.tanninsrestaurant.com.

CENTER STAGE SUPERBOWL PARTY
2:30 p.m. Center Stage Chapter of the Guilds of

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Federal Housing Administration (HUD)The Federal Housing Administration (HUD) has announced major changes to its FHA loan program. The agency will increase the amount of upfront cash paid by new borrowers and require higher down payments from those with the poorest credit. Upfront insurance premiums paid at the closing table will increase to 2.25 percent of the loan value, but Orange County home buyers will still be able to finance the premiums. Borrowers with credit scores below 580 will be required to put at least 10 percent down, but home buyers with higher scores will still be allowed to put down as little as 3.5 percent. FHA also plans to reduce seller concessions from six to three percent of the home’s value.

These policy changes come on the heels of FHA’s announcement in October

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