by Vincent Bindi on June 30, 2005
Searching for a home to buy can be a trying and frustrating experience. Using the OC Just Listed home finding service can greatly simplify the process and assure that every home that is newly placed on the orange county Multiple Listing Service ( MLS ) for sale will be detected and reviewed.
Prior to this technology, a home buyer had to rely on the diligence of their orange county Real Estate agent to search the market every day for newly listed homes for sale. But even the best agents are still human… they need some time off, go on vacations, work with other clients, etc. These distractions sometimes result in the perfect listing being missed and purchased by some other buyer.
The OC Just Listed home finder service never sleeps, never rests, and can work with hundreds of clients at that same time and never miss a new listing. The computer system is programmed to seek out newly listed homes that match the buyers criteria, such as: price range, city(s), type of property, bedrooms and baths, living area, age, lot size, etc. It then compares each new listing to these filter parameters, and if a match is found, the system emails a notification to the prospective buyer. The email contains detailed information about the newly listed homes for sale, or listing with a new price reduction, and also include photos, and a map.
When using this service it is a good idea not place to many restrictions on the search criteria, and here is why. Some listing agents will leave out information from a new listing for various reasons, such as lot size, end unit townhome, etc.If these parameters are missing from the listing, then the OC Just Listed home buying service will reject this new listing, even though the home actually contains this feature.Therefore, it’s a better idea to minimize the search parameters and review each listing manually for the other less prominent features.
This new OC Just Listed home finding service can be found at our website at www.Search-OCHomes.com
by Vincent Bindi on June 29, 2005
The real estate market in Aliso Viejo has been very strong for the first six months of 2005.This is due to fixed interest rates hovering around 5.5%, a strong local job market in Orange County, and the ocean close desirable community of Aliso Viejo.
The Median price for all homes in Aliso Viejo for the month of June (based upon closed sales) now stands at $557,000.For attached Condos the Median price was $480,000 and for detached Homes the median price was $690,000The median price for Aliso Viejo Real Estate for the year of 2004 was $499,000.
The Median price is simply the price at which have of the homes sold are priced less than this number, and the other half of the homes sold are priced more than this number.The Median is a better representation of the overall price of a given market as compared to the Average. The average can be skewed to a much higher price just due to a few homes sales in the upper price ranges.
The lowest priced home sold in Aliso Viejo for the month of June was a 1 bedroom, 1 bath Condo in the Heather Ridge tract that sold for $308,00, and the highest priced home sold was a 5 bedroom, 4.5 bath, 3,800 square foot executive estate in the Silver Oaks tract of Aliso Viejo. With the Months of Inventory at market lows of around 1.5 months, the real estate market in Aliso Viejo should remain hot for the foreseeable future.
For more information about homes for sale in Aliso Viejo, please visit our website: Aliso Viejo MLS.
by Vincent Bindi on June 28, 2005
This article will analyze the current local real estate market conditions for Mission Viejo, CA. Recently, there have been several newspaper articles, talking heads on television, etc… preaching about a real estate bubble and the slowing market throughout the nation.The problem is, real estate is, and always will be a local event.We will examine the current Mission Viejo real estate market conditions and compare with recent local history.
The unsold inventory index is often quoted in the press, and is directly related to the changes in supply and demand of housing.As the demand for homes goes up, homes sell faster and the existing inventory of homes for sale shrinks.If fewer and fewer homeowners in a local area decide not to sell there home, the market gets even tighter.As the inventory of homes for sale shrink, prices will go up and visa versa. The National Association of Realtors tracks existing home sales on a national and regional basis. These statistics are not all that useful for analyzing the current trends in Mission Viejo Real Estate for several reasons.One, these statistics average together many diverse cities, communities, areas and the local Mission Viejo market trends can be lost in these large averages.The real estate market could be slow in Dayton, Ohio, moderate in East Los Angeles, but yet hot in Mission Viejo. Secondly, by the time these statistics are gathered, analyzed and distributed to the media, the data can be 60 to 90 days old.
The best indicator to gage the current real estate market condition, is a current reading of the Months of Inventory statistic.This figure is simply the number of months it would take to sell the existing inventory of homes if no other homes were listed for sale, in a given area.The smaller the months of inventory, the stronger (Sellers market) the real estate market, and visa versa.This indicator not only looks at the number of homes for sale, but also incorporates the rate at which homes are selling.500 homes on the market for sale may be a huge inventory for a city that averages only 50 home sales per month, but on the other hand would be a very tight market for a city that averages 700 sales per month.
We analyze the months of inventory twice per month for Mission Viejo and all of South Orange County.Currently the months of inventory for detached homes in Mission Viejo is 1.48 months, and for attached Condos it is 1.46 months.This is a strong sellers market and this has been the case for the past 5 moths.The market was substantially slower in the Fall and Winter of last year, and has gained strength starting in January of this year.This market trend also closely correlates with the months of inventory for all of South Orange County which is currently at 1.5 months for detached and attached homes combined.
Visit our website by clicking on following link for more detailed information regarding Mission Viejo Real Estate or for other cities in south Orange County, CA.
Short Sale Information,