May 2014

There are 7 blog entries for May 2014.

In April, the number of properties that received a foreclosure filing in Orange County, CA was 8% lower than the previous month and 11% lower than the same time last year, according to RealtyTrac.com.

Orange County CA Foreclosure Status

Pre-foreclosures accounted for 54.5% of foreclosure activity in April 2014, Auctions 29.7% and Bank-owned properties 15.8%.

orange county ca foreclosure
 



Orange County CA Foreclosure Geographical Comparison

Orange County CA foreclosures were 0.01% below national statistics and 0.1% below state figures in April 2014.

orange county ca foreclosure


Orange County CA Foreclosure Activity

Pre-foreclosure activity decreased 6.5% in April compared to the previous month and decreased 11.5% compared to the

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There has been much talk recently about the fact that home prices are increasing. This is good news for sellers and an indication that now is the time for buyers to get off the fence and make thier next home purchase. There has been good news for buyers in the last few weeks though. Interest rates have been declining...something we don't often see in the spring. Rates traditionally trend upward during the busy spring buying season. But not this year!

 

 

 

If you’re considering buying a home here are other factors to consider to ask before you commit…

Why are you buying a home? Simon Sinek is the author of a book called Start With Why. It’s a business book, but is very applicable to life’s decisions. Sinek says that you must know why you’re doing

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The Orange County CA Real Estate Report below reflects the number of resale single family residences and condos as well as new homes selling in Dana Point, Laguna Beach, Laguna Niguel, Mission Viejo, San Clemente and San Juan Capistrano. Also reflected is the % of change from the same month last year.

Orange County CA Real Estate - April 2014

Orange County Community

Median
Price

Change From
2013

Homes
Sold

Change From
2013

Dana Point - 92624

$800,000

-9.6%

8

+14.3%

Dana Point - 92629

$802,500

+10.7%

41

 -24.1%

Laguna Beach - 92651

$1,760,000

+31.8%

 51

 +10.9%

Laguna Niguel - 92677

$629,000

+3.2%

87

-38.3%

Mission Viejo - 92691

$560,000

+5.7%

60

-13.0%

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Analysis helps us to take a snapshot of a particular industry trend and then guide us to make good decisions based on this information. Barometers as such, provide insight that can be used to make intelligent real estate buying and selling decisions for Orange County and the surrounding areas.

The California Association of Realtors closely monitors and analyzes trends in the residential California real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.

california real estate

 Ready to buy? Download our comprehensive Home Buyer's Guide here!

 

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If you have little ones you know how their stuff can take over every nook and cranny of your home. In this short video, celebrity interior designer Thom Filicia provides tips on incorporating children's belongings into a design plan while maintaining one's personal style.



And be sure to enter the Champion Of Home $10,000 Furniture Makeover Sweepstakes sponsored by the California Association of Realtors.
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If you are considering a home remodel anytime soon you will want to be aware to California's new retrofitting law.

Back on January 1, 2014, a new California law went into effect requiring homeowners who obtain permits to remodel a property built before 1994 must retrofit with toilets that use no more than 1.6 gallons of water per flush, showerheads with flow rates of no more than 2.5 gallons of water per minute, and other interior fixtures that use less than 2.2 gallons of water per minute.

The law applies to all single family permits, as well as multi-family and commercial permits where 10 percent or more of the square footage is included in the remodel.

By January 2, 2017, ALL residentail properties in California built before 1994 will need to be

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The spring housing market is beginning to heat up. National Association of Realtors® Chief Economist Lawrence Yun predicts sales activity to steadily pick up, provided more inventory reaches the market and job growth continues. Yun says price growth is also rising. This year’s spring market offers many opportunities for those thinking about selling their home.

Before a home is listed for sale sellers should prepare it with an eye toward what appeals to today’s buyers – something a Realtor® can help sellers with. Enhancing curb appeal and showcasing areas like kitchens and bathrooms is helpful. Also, make sure the home is well-maintained, small repairs are completed and the home is free of clutter.  

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