Is 2012′ the Bottom in the Orange County housing market ?

by Vince Bindi on February 28, 2012

With Fixed Interest Rates at historic lows of around  4.1%, coupled with today’s home prices that are just about 50% below the peak in pricing in 2007′, this year may well be the bottom of the Orange County housing market, and the best time to buy a home in the past ten years.  Back in 2007′ the Months of Inventory here in orange county was around 17 months, which is a very soft Buyer market to say the least.  Today, the Months of Inventory has dropped 1.5 months, which is a strong sellers market.  With the historiccally low intereste rates, depressed home prices, and a slowly recovering local economy, many buyers who were sitting on the fence since 2007′, are now taking action this year and buying homes (See below graph).   

To add additional credence to this assertion, Warren Buffet stated this past Monday on CNBC, that (paraphrased) ”buying a home today with a 30 year mortgage is probably as an attractive as an investment you can make now”… a statement like this coming from Mr. Buffet is a very powerful endorsement indeed.  He’s not the only one who has similar sentiments about the bottom of the real estate today…  Below are some additional articles and news broadcasts from various other financial commetators and market watchers who are also calling a bottom (or close to a bottom) of  the housing market this year…

If you would like to obtain more information about the local Orange County real estate market, or view all homes currently listed for sale, or contact a local real estate professional, fell free to visit one of Orange County’s premiere real estate firms their website at:  eVantage Real Estate… or drop us an email at:  Info@eVantageRE.com

 

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Mission Viejo Short Sale Real Estate report.

by Vince Bindi on February 3, 2012

The following report is for standard sales and short sales in Mission Viejo . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property sales in Orange County. Currently, there are a total of 158 detached homes listed for sale in Mission Viejo , California. The median price of these active homes for sale is $549,000 and the average price per square foot is $268 . Of this total, 46 are short sale listings active for sale. These short sale listings represent 29% of the total inventory of detached homes for sale. The median price of these short sale properties is $499,000 and the average price per square foot is $249 .

Currently, there are 160 detached homes under contract in escrow, and the median price of these pending properties is $454,000 . Of this total pending properties, 102 are short sales, which is 64% of the total detached properties in escrow in Mission Viejo . The median price is $440,000 .

In the past 90 days, there have been a total of 166 detached homes that have sold and closed escrow in Mission Viejo . The median price of these sold homes was $489,000 and the average price per square foot was $245 . Of this total were 48 short sale properties, which was 29% of the total sales. The median price was $459,000 , and the average price per square foot was $224 .

For more information about short sale homes and condos, please visit our website at: Mission Viejo Short Sale Real Estate. To speak with a Short Sale professional, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Newport Beach Short Sale Real Estate report.

by Vince Bindi on February 1, 2012

The following report is for standard sales and short sales in Newport Beach . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property sales in Orange County. Currently, there are a total of 269 detached homes listed for sale in Newport Beach , California. The median price of these active homes for sale is $1,950,000 and the average price per square foot is $728 . Of this total, 21 are short sale listings active for sale. These short sale listings represent 8% of the total inventory of detached homes for sale. The median price of these short sale properties is $1,100,000 and the average price per square foot is $452 .

Currently, there are 60 detached homes under contract in escrow, and the median price of these pending properties is $1,295,000 . Of this total pending properties, 25 are short sales, which is 42% of the total detached properties in escrow in Newport Beach . The median price is $1,100,000 .

In the past 90 days, there have been a total of 96 detached homes that have sold and closed escrow in Newport Beach . The median price of these sold homes was $1,360,000 and the average price per square foot was $567 . Of this total were 4 short sale properties, which was 4% of the total sales. The median price was $950,000 , and the average price per square foot was $479 .

For more information about short sale homes and condos, please visit our website at: Newport Beach Short Sale Real Estate. To speak with a Short Sale professional, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Lake Forest Short Sale Homes report.

by Vince Bindi on February 1, 2012

This Market Update is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Lake Forest . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 101 detached homes listed for sale in Lake Forest , California. The median price of these homes for sale is $500,000 and the average price per square foot is $266 . 34 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

For homes under contract, there are 99 detached homes in escrow on this date, and the median price is $446,050 . Of this total, 69 are short sales in escrow, which is 70% of the total detached properties in escrow in Lake Forest , and the short sale median price in escrow is $422,300 .

In the past 3 months, there have been a total of 89 detached homes that have sold and closed escrow in Fullerton . The median price was $455,000 and the average price per square foot was $247 . Of this total were 32 were short sale properties in the city of Lake Forest in the past 3 months. This number of sold short sales is 36% of the total. The median price was $420,000 , and the average price per square foot was $233 .

If you would like more information about short sale real estate, feel free to click the following link to visit our website at: Lake Forest Short Sale Homes and Condos for Sale. To speak with a Short Sale Realtor, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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San Juan Capistrano Short Sale Real Estate report.

by Vince Bindi on January 30, 2012

The following report is for standard sales and short sales in San Juan Capistrano . This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property sales in Orange County. Currently, there are a total of 84 detached homes listed for sale in San Juan Capistrano , California. The median price of these active homes for sale is $1,249,000 and the average price per square foot is $336 . Of this total, 13 are short sale listings active for sale. These short sale listings represent 15% of the total inventory of detached homes for sale. The median price of these short sale properties is $717,500 and the average price per square foot is $261 .

Currently, there are 51 detached homes under contract in escrow, and the median price of these pending properties is $599,000 . Of this total pending properties, 34 are short sales, which is 67% of the total detached properties in escrow in San Juan Capistrano . The median price is $495,000 .

In the past 90 days, there have been a total of 51 detached homes that have sold and closed escrow in San Juan Capistrano . The median price of these sold homes was $590,000 and the average price per square foot was $252 . Of this total were 10 short sale properties, which was 20% of the total sales. The median price was $575,000 , and the average price per square foot was $228 .

For more information about short sale homes and condos, please visit our website at: San Juan Capistrano Short Sale Real Estate. To speak with a Short Sale professional, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Newport Coast Short Sale Homes report.

by Vince Bindi on January 27, 2012

This Market Update is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in Newport Coast . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 80 detached homes listed for sale in Newport Coast , California. The median price of these homes for sale is $3,395,000 and the average price per square foot is $801 . 5 of these active listings are short sales, which represent 26% of the total inventory of detached homes for sale. The median price of these short sale properties is $400,000 and the average price per square foot is $246 .

For homes under contract, there are 23 detached homes in escrow on this date, and the median price is $1,899,000 . Of this total, 9 are short sales in escrow, which is 39% of the total detached properties in escrow in Newport Coast , and the short sale median price in escrow is $1,650,000 .

In the past 3 months, there have been a total of 38 detached homes that have sold and closed escrow in Fullerton . The median price was $1,650,000 and the average price per square foot was $563 . Of this total were 4 were short sale properties in the city of Newport Coast in the past 3 months. This number of sold short sales is 11% of the total. The median price was $1,250,000 , and the average price per square foot was $522 .

If you would like more information about short sale real estate, feel free to click the following link to visit our website at: Newport Coast Short Sale Homes and Condos for Sale. To speak with a Short Sale Realtor, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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Laguna Beach Homes and Condos report.

by Vince Bindi on January 26, 2012

This report is for Active for Sale and Sold statistics for homes and condos in Laguna Beach . This article is generated by the realtor professionals at eVantage Real Estate here in Orange County, CA. Today, there are 201 detached homes for sale, which have a median price of $2,175,000 with an average price per square foot of $1,080 . These homes are priced from a low of $375,000 for a 2 bedroom, 2 bath, 1,037 square foot home situated in the subdivision tract called California Cove . On up to a maximum price of $35,000,000 for a fine home boasting of 3 bedrooms, 4 baths, with – square feet of living area, which is located in the Emerald Bay Tract.

For properties currently under contract in Laguna Beach there are 50 detached homes in escrow, with a median value of $1,075,000 . These detached homes range in price from a low of $399,000 for a 1 bedroom, 1 bath, 796 square foot property located in the Custom Tract. On up to a maximum price of $7,495,000 for a fine property incorporating 5 bedrooms, 4 baths, with an expansive 4,000 square feet of living area, located in the Custom Tract.

In the past 3 months, there were 74 detached homes that have sold and closed escrow in Laguna Beach . These sold homes had a median price of $1,195,000 with an average price per square foot of $698 . These sold and closed homes range in price from a low of $360,000 for a detached home comprised of 2 bedrooms, and 2 bath, with 736 square feet, and is located in the Other Subdivision. And a maximum price of $7,362,000 for an estate property comprising of 5 bedrooms, 7 baths, and a spacious 5,000 square feet located in the Three Arch Bay Tract.

If you have any questions regarding homes or condominiums for sale in Laguna Beach , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click the following hyper-link if you would like to view all homes for sale in Laguna Beach .

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Huntington Beach Bank Foreclosure Real Estate report.

by Vince Bindi on January 26, 2012

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in Huntington Beach . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 251 detached homes listed for sale in Huntington Beach , California. The median price of these homes for sale is $729,000 and the average price per square foot is $405 . 13 of these active listings are Bank Owned REO’s, which represent 5% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $526,000 and the average price per square foot is $321 .

For homes under contract, there are 171 detached homes in escrow on this date, and the median price is $599,000 . Of this total, 11 are bank foreclosures in escrow, which is 6% of the total detached properties in escrow in Huntington Beach , and the bank owned property median price in escrow is $565,250 .

In the past 3 months, there have been a total of 205 detached homes that have sold and closed escrow in Huntington Beach . The median price was $584,000 and the average price per square foot was $342 . Of this total were 13 were Bank Owned properties in the city of Huntington Beach in the past 3 months. This number of sold bank foreclosures is 6% of the total. The median price was $427,500 , and the average price per square foot was $283 .

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: Huntington Beach Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

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Ladera Ranch Short Sale Real Estate report.

by Vince Bindi on January 20, 2012

The following report is for standard sales and short sales in Ladera Ranch. This article is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property sales in Orange County. Currently, there are a total of 68 detached homes listed for sale in Ladera Ranch, California. The median price of these active homes for sale is $749,000 and the average price per square foot is $284. Of this total, 30 are short sale listings active for sale. These short sale listings represent 44% of the total inventory of detached homes for sale. The median price of these short sale properties is $653,000 and the average price per square foot is $230.

Currently, there are 75 detached homes under contract in escrow, and the median price of these pending properties is $549,000. Of this total pending properties, 59 are short sales, which is 79% of the total detached properties in escrow in Ladera Ranch. The median price is $510,000.

In the past 90 days, there have been a total of 43 detached homes that have sold and closed escrow in Ladera Ranch. The median price of these sold homes was $575,000 and the average price per square foot was $241. Of this total were 17 short sale properties, which was 40% of the total sales. The median price was $545,000, and the average price per square foot was $228.

For more information about short sale homes and condos, please visit our website at: Ladera Ranch Short Sale Real Estate. To speak with a Short Sale professional, or to set an appointment, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

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San Clemente Bank Foreclosure Real Estate report.

by Vince Bindi on January 19, 2012

This article was written by the Distressed Property team at eVantage Real Estate, who specialize in short sale and bank owned homes here in San Clemente. This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to Bank Owned foreclosure properties. Currently, there are 198 detached homes listed for sale in San Clemente California. The median price of these homes for sale is $797,000 and the average price per square foot is $384. 10 of these active listings are Bank Owned REO’s, which represent 5% of the total inventory of detached homes for sale. The median price of these bank foreclosure properties is $590,100 and the average price per square foot is $270.

For homes under contract, there are 102 detached homes in escrow on this date, and the median price is $650,000. Of this total, 10 are bank foreclosures in escrow, which is 10% of the total detached properties in escrow in San Clemente and the bank owned property median price in escrow is $624,900.

In the past 3 months, there have been a total of 104 detached homes that have sold and closed escrow in San Clemente. The median price was $640,000 and the average price per square foot was $271. Of this total were 11 were Bank Owned properties in the city of San Clemente in the past 3 months. This number of sold bank foreclosures is 11% of the total. The median price was $496,000 and the average price per square foot was $214.

If you would like more info regarding bank foreclosure properties for sale, click the following link to visit our website at: San Clemente Bank Owned Homes & Condos. If you would like to speak with a real estate professional, or see the inside of any Foreclosure property, feel free to call: (949) 388-3396, or email us at: Info@eVantageRE.com.

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