Orange County CA Real Estate

The real estate market in Laguna Niguel, California has been gradually slowing since April of this year, but still remains a sellers market.

Today, there are 158 detached single family homes active for sale in Laguna Niguel with an Average asking Price of $1,358,000 and the Median Home Price is $1,167,000. The Average Days on Market is 52 Days which is indicative of a healthy market. There are 80 homes currently sold In Escrow in Laguna Niguel and the Median House asking Price is $959,000.

For the past 30 days, there were 68 detached Homes sold and closed in Laguna Niguel with an Average Days on Market of 54 days. The Average Price detached house sold was $1,008,000 and the corresponding Median Price of closed homes sold was $875,000.

For Attached housing, the market is a bit stronger. There are 121 attached Condos currently Active for sale in Laguna Niguel and they have been on the market for sale an average of 36 Days. The Average Condo is Priced at $609,000 and the Median asking Price is $559,000. For Condos under contract, ther are 84 Condos In Escrow currently, and the Median pirce is $495,000.

In the past 30 days, there have been 55 Condos sold that closed Escrow . The Average price of these Condos were $534,000 and the Average time of Market was 33 Days. The Median Condo price sold in the last 30 days was $485,000 in Laguna Niguel, CA.

If you would like to see all homes listed for sale in the Laguna Niguel MLS, just viist our website: Laguna Niguel Real Estate

There are currently 105 detached homes Active for sale in Aliso Viejo and the Average Home Price is $810,000 and the Median Home Price is $719,000. The Average Days on Market is 39 Days. There are 72 homes currently sold In Escrow in Aliso Viejo and the Median House asking Price was $679,000.

For the past 30 days, there were 43 detached Homes sold which closed escrow in Aliso Viejo with an Average Days on Market of 36 days. The Average Price home sold was $778,000 and the corresponding Median Price of homes sold and closed in the past 30 days was $725,000.

For Attached housing there are 105 Condos currently Active for sale in Aliso Viejo and they have been on the market for sale an average of 29 Days. The Average Condo is Priced at $510,000 and the Median asking Price is $494,000. There are 91 Condos sold In Escrow currently, and the Median pirce is $483,000.

There were 65 Condos sold that closed Escrow in the past 30 days in Aliso Viejo. The Average price of these Condos were $492,000 with an Average time of Market of 36 Days. The Median Condo price sold in the last 30 days was $478,000.

If you would like to view all Aliso Viejo Homes and Condos for sale, simply visit our website: Aliso Viejo MLS Search,

For the past 30 days, there were 27 detached Homes sold which closed escrow in Dana Point and the Average Days on Market was 69 days. The Average Price home sold was $1,276,000 and the Median Priced home sold in the past 30 days was $874,000.

For Attached housing there are 64 Condos currently Active for sale in Dana Point that have been on the market for sale an average of 42 Days. The Average Condo is Priced at $776,000 and the Median asking Price is $679,000. There are 30 Condos sold In Escrow currently, and the Average Price is $697,000 with a Median of $618,000.

There were 24 Condos sold that closed Escrow in the past 30 days in Dana point. The Average price of these Condos were $692,000 with an Average time of Market of 43 Days, and the Median Condo price was $630,000.

If you would like to view all Dana Point Houses or Condos for sale, simply visit our website by clicking on the above link.

     

This brand new listing is located in the desirable community of Rolling Hills, Laguna Niguel, CA..  This fine home features 4 bedrooms, 2.5 baths with 2,706 SqFt of living area and a 3 Car Garage, and the asking price is $1.2 Million.  The Master Barthroom boasts of a beautiful tile mosiac tub, and Spanish pavers trhoughout the remainder of the house.  Other features include vaulted ceilings, planter boxes and a private sparkling pool and soothing spa.  This home is situated on a quiet single loaded street, 

The Rolling Hills community offers great community facilites such as large pool, tennis courts, Bar-B-Que areas, volleyball court, basketball court, and a large park with tot lot.  Rolling Hills provides easy freeway access and is just 7 miles to the beaches. 

The real estate market in Laguna Niguel has slowed a bit since April of this year, but still remains strong.  There are currenlty 162 detached homes on the marker for sale in Lagna Niguel and 76 homes sold in escrow.  This ratio of homes for sale divided by the number of homes sold, is indicative of a healty sellers market.

If you like a private viewing of the above home, or if you would like to view all houses and condos listed for sale in Laguna Niguel online, please visit our website by clicking on the following link:  Laguna Niguel MLS

Prices are still breaking records throughout various cities in south Orange County California.  The above home was a record breaker last month (July) in the fact that it was the highest ever recorded for a closed sale in Pacific Heights, in Mission Viejo, CA.   At a sales price of $1,350,000, this was $120,000 higher then the next most expensive home sold in that upscale community.

This estate featured 4 bedroom, 3 bath, 3,000 SqFt of living area, and a gorgeous back yard tropical paradise with pool and spa.  This gorgeous home sits on top of Pacific Hills on a large, private, premium view lot! The tropical rock pool & spa backs to a nature preserve w/spectacular 180 views all the way to the ocean on a clear day!  This home has many upgrades including newer paint, carpeting, base & crown molding, plantation shutters, appliances, granite kitchen tops, light fixtures, and more...

To view other similar properties for sale in Mission Viejo online, just click on the following link:  Mission Viejo Homes for Sale

Technorati Tags: [Real Estate], [Condos], [Orange County]

Orange County California: I thought for sure with all of the continuous negative press  for the past 5 months regarding 'Real Estate Bubbles', 'Over Priced California Homes', 'Risky Loans', etc etc... this would have had a very negative impact  on the market by now.... but it hasn't.  It appears that the simple but powerful economics of lack of supply and strong demand, and a modern day sophisticated consumer who is more then able to draw there own conclusions, take priority over the armchair real estate quarterbacks who are doing their best to talk down this market.

One only needs to look at the current months of housing inventory as compared to history to determine the market health of a given area.  We have been tracking the Months of Inventory for all cities in South Orange County (Laguna Niguel, Laguna Beach, Aliso Viejo, Mission Viejo, Lake Forest, Laguna Hills, San Clemente, Dana Point and San Juan Capistrano) since July of 2002, and real estate has been in a sellers market every month here in Orange County since that time. The months of inventory is simply the amount of time it would take to sell all of the homes on the market, if no new listings were added to the market for sale.  The larger the months of inventory, the slower the market and visa versa. 

The general rule of thumb, is less than 2 months is a Hot sellers market, 2 to 4 months is a sellers market, 4 to 6 months is a neutral market, and 6 or more months is a buyers market.  House prices trend upward in a sellers market, and trend lower in a buyers market.  Homes and Condos price at $650,000 and less have been hovering around 2 months or less of inventory for the past 3 years except for a brief period in the fall of last year.  Homes priced from $650K to $850k have faired almost as well...  Only homes priced in the $1Mil plus range have reached the point of being a Neutral market with almost 5 months of inventory currently.  The overall market in all price ranges has cooled a little bit from the peak in April of this year, but it still a healthy real estate market, in the face of all of the negative press.

To view Homes for Sale in Orange County CA, simply click on the following link: Orange County Real Estate.

Just Listed for Sale in Aliso Viejo, CA.:   Immaculate home on one of best streets in Laguna Audubon.This cul-de-sac home features 4 bedrooms, 3 baths and 2,650 SqFt of living area.  It has a large front yard and nice backyard with oversized covered patio. This home boasts of the largest floor plan in the Audubon which has a large bonus room which could be used as a 5th bedroom and provides partil views from upstairs.

Other features are: Ceramic tiled floors, wood blinds, roomy 3 Car Garage, Security system, Dual glazed windows,  Newer block walls, and is in move in condition.

Houses in Laguna Audubon were built in in the mid 1990's and this home was built in 1994.  Laguna Audubon is blessed with a great location for it's a short trip to Laguna Beach, provides easy Highway 5 freeway access, and is close to the Aliso Viejo town center.

If you would like a private viewing of this home, or if you would like to view other property for sale in Aliso Viejo on the internet, please visit our website by clicking here:  Aliso Viejo Houses and Condos for Sale

The prestigious gate guarded community of Sea Pointe Estates sits in the rolling hillside of central San Clemente, offering custom estate homes, on large lots, with many boasting majestic Ocean views. Sea pointe Estates was developed in the early 80's, and the first custom home was built in 1983. Luxury homes have been built here ever since with the most recent estate home built in 2005.

The most recent listing is at 4 San Remo pictured above. This exquisitely designed custom-built estate offers gorgeous panoramic views of the ocean, canyon and city lights. It is set on a small single-loaded cul-de-sac street. The stunning entrance to this home is a grand foyer with a 22 ceiling and custom millwork. This home is a large 5 bedroom, 4.5 bath, 3 Car Garage with 4,450 Square Feet of living area.

There are a total of 9 homes currently listed for sale in Sea Pointe Estates that range in price from $1.3 Million up to $2.6 Million, for custom estate homes ranging in size from 2,400 Square Feet up to 5,500 Square feet. This estate subdivision also has a community pool, spa and tennis courts.

The Median Price for San Clemente detached homes sold in the month of July, 2005 now stands at $1 Million. For attached Condos sold in San Clemente last month the median price was $565,000. If you would like to view all homes for sale in San Clemente, please visit our website: San Clemente Real Estate

Hundreds of feet up in the hills of San Clemente, sits a newly listed home for sale with one of the greatest unobstructed and private panoramic ocean views in Southern California. You can see the blue Pacific south of the Pier to Dana Point to Catalina to the Palos Verdes Peninsula. The Village-By-The-Sea spread below you twinkles at night.

This custom house is a work of art and boasts 3,291 Square Feet of living area with 4 bedrooms and 3 baths.  No expense was spared for every detail and appliance is top-of-the-line. The Living Room and office rise to a 2nd floor ceiling, separated by a sweeping staircase and 3-sided fireplace. Enjoy the sunset from the expansive Living Room deck.

This fine home is listed for $2.3 Million.  For a private viewing of this property, or if you would like to view similar ocean view homes for sale in San Clemente on the Internet, please click here: San Clemente Real Estate.

If you are renting and can afford to buy, but have decided to put off buying a home due to all of the chatter about a housing bubble... you may be paying a hefty price. Is there a 'real estate bubble'? The simple answer is 'No'. Even if interest rates due move up a little bit higher, it won't be enough to cause a slide in Real Estate prices here in San Clemente. The key to a healthy real estate market is the jobs market... and here is south Orange County, we have some of the lowest un-employment in the Nation, with a good forecast for job growth for years to come.

If the payment on a home may be slightly higher due to increased interest rates, it generally won't stop someone from buying the home of their dreams... but if they feel their job is in jeopardy, it usually will stop a buyer in their tracks from purchasing a home.

A major mortgage industry group recently release it’s three year economic forecast, projecting robust economic growth for the Nation and projecting a small rise in long term home mortgage rates to about 6.25% by the year 2007. Again, supporting the point that we are not in a real estate bubble here in Orange County.

Price declines are unlikely, but due expect a slowing in real estate appreciation in the years to come to a level of 5% to 7% per year, which is still good. Unfortunately, the talk of a real estate bubble, has been going on for some years and has victimized many renters who could afford to buy. Is it too late? No it's not, but here is an example of what can happen if you keep procrastinating on buying a home.

Let's look at an example in San Clemente. If you are paying rent of $2,000 per month, and your landlord increases your rent by 5% each year, you would wind up paying over $130,000 and you still have nothing to show for it! Also, if you due any type of maintenance to the home at all (paint, leaky faucet), when you move out those improvements belong to the landlord... not you.

With the extensive variety of loan programs to help buyers purchase with No or very low down payment, the very same money could have been used towards home ownership. Using an adjustable rate loan, a mortgage of $375,000 could be obtained with a total monthly mortgage payment - including property taxes and insurance - of around $2,400 per month. Assuming a 25% tax bracket, this would save you about $300 to $400 per month, so your effective net payment would be close to your rent payment. After 5 years you would also have paid down some of your principal by about $15,000 which is now added to your net worth.

Home appreciation can add even a bigger chunk of equity. If your San Clemente home appreciates by a modest 5% per year for the next 5 years, your $375,000 Condo would be worth $455,000 in the year 2010. Now your net worth could be a whopping $95,000 which you won't owe any income taxes on.

Don't be victimized by the real estate bubble hype. Buying a home in San Clemente or elsewhere in south Orange County is a big step, but is almost always one in the right direction. If you would like to view all real estate for sale in San Clemente, please visit our website: San Clemente MLS Search

In order to access the true market strength for the Real Estate market in Laguna Niguel, you must look at recent closed sales data averages and the current Months of Inventory.

For the 2nd Quarter (May through June) of 2005, we had 201 homes sold with a Median price of $940,000 for detached homes in Laguna Niguel, and an Average price of $1,071,729 with the average Price per Square Foot being $417. The Median price is considered to be a more accurate representation of the typical home price for the Average statistic is often skewed to the high side by the sale of a couple of estate mansions in the $4Mil plus price ranges. The Average Days on Market (DOM) was 44 days, which is another useful market strength indicator. Finally, another statistic that gives us an indication of market strength is the Ratio of Sales Price to List Price Ratio which was 97% for the 2nd Quarter.

The above data is based upon closed sales from May through June. A more sensitive indicator that tells us today's real estate market health is the Months on Inventory indicator. This is the number of months it would take to sell all of the homes currently on the market for sale, if no other home were added for sale. The current Months of Inventory for Laguna Niguel is 2.5 months. 2-4 months is considered to be a sellers market.

For Attached Condos and Townhomes, the 2nd Quarter of this year resulted in 246 Condos sold with a Median Home price was $495,000 and Average of $525,514. The average Sale Price per Square Foot was $430, and the average Days on market (DOM) was 36 days. Finally, the Sales Price to List Price Ratio was 98% for the 2nd Quarter. As can be seen the market for attached Condos was a bit stronger than that for detached homes. This may seem counter intuitive at first, but simply points out the fact that there is a stronger demand for lower priced homes in Laguna Niguel regardless of whether the home is attached or detached.

The current Months of Inventory for Condos in Laguna Niguel is 2.1 months, which again indicates a slightly stronger sellers market for Condos as compared to detached homes in Laguna Niguel.

In Summary, the Laguna Niguel Real Estate market is a strong sellers market, and has been so for several years now. In other words, there are many more homebuyers looking for homes to buy than there are willing sellers. Low un-employment, beach close beautiful neighborhoods, and year round temperate weather, makes Laguna Niguel Real Estate very desirable.

If you would like to view Real Estate for Sale in the Laguna Niguel MLS, just visit our website: Laguna Niguel Real Estate