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A sudden spike in the inventory is an ominous sign for sellers to approach the market carefully. 

An Inventory Spike: In the past two weeks, the active inventory had its largest increase since July 2013.

The script for the Orange County housing market has been the same for quite some time now. The year starts with very few homes on the market. The inventory rises slowly, peaking sometime during the summer. The long-term average for the active listing inventory is 8,000 homes; yet, it cannot even hit that level for a day, falling astonishingly short year after year. The headlines have been the same: “Not Enough Homes on the Market” and “Buyers are Tripping Over Themselves to Purchase.” 

Suddenly, something has changed. More homes are coming on…

If you are currently trying to sell your home you may want to look at a few of these tips first on how to be competitive in a buyer’s market.  It may or may not be a buyer’s market in your area but either way it’s always a good idea to know these things beforehand just in case.  When there is a buyer’s market there are more sellers than buyers and that means you have a lot of competition.  Below are a few tips to help you compete in a buyer’s market. 

1. If you want to sell your home quickly and you know that the potential buyer is already asking for a lower price…offer to pay the closing costs.  Many times this easy and smart move will get you to the closing table a lot faster than trying to negotiate a lower price. 
2. Another great way to be…

Sir Thomas Watson said: “To be successful, you have to have your heart in your business, and your business in your heart.” And when you have your heart in your business great things happen!

This is certainly true of The Hartanov Team! Not only did they take joy in assisting Orange County families buy and sell homes in 2015 but won awards while doing it.

The Hartanov Team has been awarded the Chairman's Circle Diamond award putting them in the top 1/2 of 1% of Berkshire Hathaway HomeServices sales associates nationwide.

They were also marked top 100 of all Berkshire Hathaway HomeServices California Properties agents for Production & Transactions in Orange County, ranking #12 in Production and #7 in Transactions.

The San Clemente office of…

In May, San Clemente, CA foreclosure filings were 14% lower than the previous month and 18% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In May 2015, Pre-foreclosure activity decreased 11.1% from the previous month and increased 14.3% from the previous year. Auctions increased 25.0% from the previous month and dropped 50.0% from the previous year. Bank-owned properties decreased 37.5% from the previous month and 0.0% from the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 44.4% of foreclosure activity in May 2015, Auctions were 27.8% and Bank-owned properties were 27.8%.

San Clemente CA Foreclosure Geographical Comparison

In March, San Clemente, CA foreclosure filings were 42% higher than the previous month and 39% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In March 2015, Pre-foreclosure activity increased 16.7% from the previous month and decreased 61.1% from the previous year. Auctions increased 125.0% from the previous month and 28.6% from the previous year. Bank-owned properties decreased 50.0% from the previous month and 66.7 from the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 41.2% of foreclosure activity in March 2015, Auctions were 52.9% and Bank-owned properties were 5.9%.

San Clemente CA Foreclosure Geographical Comparison

In February, the number of properties that received a foreclosure filing in San Clemente, CA was 0% higher than the previous month and 37% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In February 2015, Pre-foreclosure activity increased 20.0% from the previous month and decreased 53.8% from the previous year. Auctions decreased 33.3% from the previous month and remained the same as the previous year. Bank-owned properties increased 100.0% from the previous month and remained the same as the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 50.0% of foreclosure activity in February 2015, Auctions were 33.3% and Bank-owned properties were 16.7%.

San…

In January, the number of properties that received a foreclosure filing in San Clemente, CA was 14% lower than the previous month and 21% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In January 2015, Pre-foreclosure activity decreased 58.3% from the previous month and 54.5% from the previous year. Auctions increased 16.7% from the previous month and dropped 12.5% from the previous year. Bank-owned properties increased 75.0% from the previous month and 40.0% from the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 26.3% of foreclosure activity in January 2015, Auctions were 36.8% and Bank-owned properties were 36.8%.

San Clemente CA Foreclosure…

In December, the number of properties that received a foreclosure filing in San Clemente, CA was 10% higher than the previous month and 16% higher than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In December 2014, Pre-foreclosure activity increased 33.3% from the previous month and 200.0% from the previous year. Auctions decreased 25.0% from the previous month and 25.0% from the previous year. Bank-owned properties increased 33.3% from the previous month and dropped 42.9% from the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 54.5% of foreclosure activity in December 2014, Auctions were 27.3% and Bank-owned properties were 18.2%.

San Clemente CA…

In November, the number of properties that received a foreclosure filing in San Clemente, CA was 13% lower than the previous month and 17% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In November 2014, Pre-foreclosure activity decreased 18.2% from the previous month and remained the same as the previous year. Auctions increased 33.3% from the previous month and decreased 33.3% from the previous year. Bank-owned properties decreased 50.0% from the previous month and remained the same as the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 45.0% of foreclosure activity in November 2014, Auctions were 40.0% and Bank-owned properties were 15.0%.

San…

In October, the number of properties that received a foreclosure filing in San Clemente, CA was 4% lower than the previous month and 15% lower than the same time last year, according to RealtyTrac.com.

San Clemente CA Foreclosure Trends

In October 2014, Pre-foreclosure activity increased 22.2% from the previous month and decreased 15.4% from the previous year. Auctions decreased 50.0% from the previous month and decreased 33.3% from the previous year. Bank-owned properties increased 100.0% from the previous month and 20.0% from the previous year.

San Clemente CA Foreclosure Status

Pre-foreclosures accounted for 47.8% of foreclosure activity in Ocotber 2014, Auctions were 26.1% and Bank-owned properties were 26.1%.

San Clemente CA…