Thursday, December 2, 2010
Community Center (100 N. Calle Seville)
The California Association of Realtors@ closely monitors and analyzes trends in the residential 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.
Considering selling your orange County home yourself? Here is some food for thought that might influence your decision.
Homes sold without the help of a real estate professional dropped to a record low over the past year. According to the 2010 NAR Profile of Home Buyers and Sellers, unrepresented sellers made up only 11 percent of the market, down from 13 percent in 2009.
Owners who sell their home without the help of an agent usually sell to someone they already know. Factoring out those private sales, the actual number of homes sold on the open market without professional assistance was a record low 5 percent, compared to 10 percent in 2004.
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The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years of sampling, with 70 percent of Americans saying that job layoffs and unemployment are a big problem in their area; eight in 10 cite these issues as a barrier to homeownership.
Despite economic uncertainty, 68 percent of those surveyed still believe now is a good time to buy a home; while that number is down from last year (75…
To our national birds
The American Eagle
The Thanksgiving Turkey
May one give us peace in all our states
And the other a piece for all our plates
What did the Pilgrims eat on Thanksgiving?
It is commonly believed that the first actual celebration of the harvest and blessings from God took place in Plymouth in 1621. The festivities lasted three days and included feasting, entertainment, and competitions. For more about the holiday’s history!
Who Doesn’t Love a Parade?
The first annual Macy's Thanksgiving Day Parade took place in 1924. That first year, it was known as the Macy's Christmas Parade. It was created to launch the holiday shopping season. Today, the parade is attended by an estimated three million people each year.…
There were 20,882
County CA foreclosures in October 2010, according to RealtyTrac.com.
The average sales price of an Orange County home was $668,250 while the
average sales price of a foreclosure home was $605,150.
Orange County CA Foreclosure Activity and Home Price Index
Home price appreciation was 0.00% in October with 3,645 foreclosures.
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 County CA Foreclosure Geographical
October 2010 statistics show San Clemente had 88 new foreclosures with an average sales price of $668,250 vs. an average foreclosure sales price of $605,105, according to RealtyTrac.com.
There were 47 new foreclosures in the 92673 zip code and 41 new foreclosures in 92672, for a total of 86 new foreclosures in San Clemente. 1 in every 251 housing units received a foreclosure filing in October.
The San Clemente foreclosure rate was 0.14% above national rates, 0.10% below California rates, and 0.05% above Orange County rates in October.
The number of bank-owned homes decreased from 23 homes in Sept to 12 homes in Oct. Pre-foreclosure activity…
Completion was originally anticipated by the winter of 2011.More information can be found by visiting City of San Clemente current projects.