June 2014 RSS Feed

If you’re thinking about remodeling your kitchen, your decisions may be influenced by how long you intend to stay in your Orange County home. Keeping up with trends can be very interesting and fun. They also are, well, trendy. If you’re going to stay in your home less than five years, here are some hot trends to consider implementing.

The popular design and remodeling website, Houzz, recently published the results of a survey of 7,812 new homeowners who were remodeling their kitchens within three months of buying. Of that group, nearly half were remodeling their kitchens. Here are their hottest items to consider for your home…

1. Chef’s stoves: 32 percent considered professional-grade ranges as their dream appliance. Options such as a flat griddle or a…

The San Clemente Real Estate Report below reflects the number of resale single family residences and condos as well as new homes selling in San Clemente. Also reflected is the % of change from 2013.

San Clemente Real Estate Market Trends - May2014

San Clemente	Median Price	Change From 2013	Homes Sold	Change From 2013
San Clemente - 92672	$803,250	+13.9%	38	-34.5%
San Clemente - 92673	$843,750	+16.9%	48	-17.2%

If you're looking to buy or sell a home in the Orange County area, then you've come to the best online resource available!

Start your Search Now to take full advantage of all these great search tools!

	High Resolution Floorplans We offer the ability for you to request floor plans on all our listings!  We have access to thousands of neighborhood tract and subdivision floor plans. However, we do not have any custom home floor plans.  It takes only a minute, and we'll send you a pdf file with the detailed floor plan.
	Instant Home Evaluations Find out what your Orange County home is worth easily! Visit our Home Evaluation page and get started now by getting an instant, online, FREE market analysis. We compare your…

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 - May 2014

Orange County Community	Median Price	Change From 2013	Homes Sold	Change From 2013
Dana Point - 92624	$829,000	+17.2%	11	+0.0%
Dana Point - 92629	$725,000	-2.7%	45	-32.8%
Laguna Beach - 92651	$1,996,000	+31.5%	43	-25.9%
Laguna Niguel - 92677	$699,000	+7.5%	105	-8.7%
Mission Viejo - 92691	$590,000	+15.5%	55	-23.6%
…

Owning a home is still the “American Dream.” However, finding an affordable home has gotten somewhat tricky in the last few years. According to Trulia, millennials and first time homebuyers are particularly daunted by affordability.

Today’s mortgage requirements and down payment needs are making buying difficult. New buyers need to come to find compromises and sacrifices. Here are some suggestions…

•    Price is the biggest sacrifice you can make. Consider buying a home that is 20% less than your banker tells you that you can afford. That will have a huge impact on your ability to pay every month.

•    Cash in the bank is also a huge positive impact on affordability. Force yourself to save a 20% down payment. This immediately means lower monthly payments,…

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.

 

Orange County Real Estate Market Update for April 2014

Here are Orange County’s real estate housing trends at a glance. Indicators provided are sales, median prices, inventory indicators, and so much more!

 

In this video, National Association of Realtors Chief Economist Lawrence Yun talks about the rise in home prices, increase in inventory, and the cyclical nature of the housing market, and gives short- and long-term forecasts.

 

Be sure not to miss our report on Orange County CA real estate sales in April.

The San Clemente Real Estate Report below reflects the number of resale single family residences and condos as well as new homes selling in San Clemente. Also reflected is the % of change from 2013.

San Clemente Real Estate Market Trends - April 2014

San Clemente	Median Price	Change From 2013	Homes Sold	Change From 2013
San Clemente - 92672	$675,000	+11.1%	43	-19.4%
San Clemente - 92673	$800,000	+2.8%	43	-28.3%

In April, the number of properties that received a foreclosure filing in San Clemente, CA was 39% lower than the previous month and 32% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In April 2014, Pre-foreclosure activity decreased 38.9% compared to the previous month and 26.7% from the previous year. Auctions dropped 28.6% from the previous and 50.0% from the previous year. Bank-owned properties decreased 66.7% from the previous month and 0.0% from the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 64.7% of foreclosure activity in April 2014, Auctions were 29.4% and Bank-owned properties were 5.9%.

San Clemente CA Foreclosure Geographical…