Market Updates
2010 Local Home Market Off To A Good Start
The latest home inventory report shows the demand for local homes is starting off 2010 at its highest levels in 5 years.
Homes listed for under $750,000 are selling like wildfire, with multiple offers on most homes and sales prices above the list prices. The expected market time of homes in this price range is less [...]
O.C. Homes Sales Down For Million-Plus Homes
In 2009 only 2,448 homes were sold in Orange County at prices of $1 million or more. That is a 14.5% decrease from 2008 when 2,862 homes were sold.
Compare those figures to 2007 when 5,200 million-plus homes were sold. This large decrease in number of homes sold is a product of the recession ad well as [...]
Bad News Again For Fullerton’s Snow Day
Rainy-day forecasts for this weekend have forced Fullerton activity coordinators to
postpone their Snow Day event for the second time this year. The new Snow Day date is February 13. The time will remain the same – 12pm to 3pm – and it will still be taking place at theBrea Dam Park, 1700 N. Harbor [...]
O.C. Tops List For Housing Risk
The latest housing risk assessment released shows that Orange County has a 99.9%
chance of price loss over the next two years.
Orange County was tied to 9 other U.S. markets for having the highest chance of risk. The other cities included Miami, Inland Empire, Vegas, Fort Lauderdale, LA, Tampa, Jacksonville and Orlando.
The score was based on several [...]
Homebuying Activity In O.C. Up 7%
In latest Orange County homebuying report – based on the 22 business days ending on January 8 – O.C. shoppers bought 2,569 residences. That was a 7% increase in buying activity from last year.
The median selling price of homes during this period was $430,000, a 8.9% increase from a year ago. Home sales of new homes [...]
Renters In Lake Forest Get Big Price Cut
Lake Forest apartment renters got the biggest O.C. rent cuts in the fourth quarter
of 2009. On average renters in Lake Forest got an average of $173 a month off their rent – an 11.4% cut.
The average rent in the city was $1,347 a month during the fourth quarter compared to $1,520 in the fourth [...]
Renting In Newport Beach Is Like Buying A Mortgage
The average Newport Beach apartment rented for $1,902 a month in the last three
months of 2009 – just $400 less than the typical Orange County mortgage payment. Landlords in Newport cut rents by 2.2%, to try to fill the 5.8% vacancy rate.
Countywide the average rent was $1,473. Newport Beach, Irvine, Aliso Viejo, Costa Mesa and [...]
O.C. Cities Account For 4 Top Cities In CA
According to the California Association of Realtors, Orange County had four of the top cities in the state for median home price gains in December.
Topping the list was Laguna Hills with a 62.9% jump, followed by San Juan Capistrano, Tustin and Costa Mesa. Overall the median price of O.C. homes in December was $496,070, [...]
Demand For Local Housing Up
Demand for local homes is double what it was 2 years ago. In the past two weeks the demand for homes and number of new pending sales increased by 12% to 2,547. The demand for local housing has not been this strong in January since 2004.
Based on market time it would take 3.02 months for [...]
Sales Of Million Dollar Homes Fell For 4th Year
For the fourth straight year the number of Orange County homes selling for $1 million or more fell.
Overall, sales of million-plus homes were down nearly 60% since 2005.
On a positive note, sales of homes for under $1 million jumped 17.4% from the year before. Thanks mostly due to sales of homes under $500,000. Most of [...]
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Great info, thanks for sharing. Not much would be selling in Charleston SC if we did not have the FHA ...
I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
:-) 
Nice writing style. Looking forward to reading more from you.
Chris Moran 
Congrats to Troy!
Aloha,
Keahi 
Very interesting information. It's nice to know that the banks may have a strategy rather than being completely reactive. ...
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin 
Hello Adam,
My husband and I participated in this years car show for the first time. My husband entered his ...
These are just a few of the things that should be taken into consideration when you are looking for a ...
I think one thing that many people underestimate is the time and money that goes into restoring an old house. ...
FHA loans over 95% require 2 apprisals with the new guidelines. The banks apparently value their opinion.