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Dana Point Real Estate Market Update

by vbindi on January 17, 2012

This Market Update report is all real estate currently active for sale and properties sold in the recent past for Dana Point. This market report is brought to you by the professional realtors at eVantage Real Estate here in Orange County, CA. Currently there are 124 detached single family homes listed for sale, and these properties have median price of $1,299,000 and an average price per square foot of $608. These properties range in price from a low of $259,900 for a 2 bedroom, 1 bath, 886 square foot home located subdivision called Custom. The maximum price of homes currently listed for sale is $23,500,000 for a fine estate boasting of 5 bedrooms, 7 baths, with 8,838 square feet of living area, and is situated in the The Strand Neighborhood.

For homes now pending in contract in Dana Point there are 44 detached homes in escrow, which have a median price of $599,000. These properties range in price from a low of $349,000 for a 2 bedroom, 2 bath, 954 square foot property located in the Custom Area. The maximum price is $4,499,000 for a fine property incorporating 3 bedrooms, 3 baths, with an expansive 3,959 square feet of living area, located in the Beach Road Custom Neighborhood.

For Sold home in the past 3 months, there were 55 detached properties that closed escrow in Dana Point. These sold homes had a median price of $610,000 with an average price per square foot of $368. These sold homes ranged in value from a low price of $269,900 for a detached home with 2 bedrooms, and 1 baths, incorporating 600 square feet, located in the Custom Subdivision. And a maximum price of $2,800,000 for an estate property comprising of 3 bedrooms, 2 baths, and a spacious 1,100 square feet located in the Beach Road Custom Community.

For more info about homes or condominiums for sale in Dana Point , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com. Of visit our Dana Point Real Estate Website.

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Dana Point Homes and Condos market update.

by vbindi on May 4, 2010

This is a statistical report for Active for Sale and Sold homes and condos in Dana Point . This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA. Today, there are 170 detached single family homes for sale, with a median price of $1,200,000 and an average price per square foot of $621 . These homes are priced from a low of $381,959 for a 3 bedroom, 2 bath, 1,224 square foot home located in the subdivision called Custom . On up to a maximum price of $24,999,000 for a fine home incorporating 5 bedrooms, 8 baths, with 9,700 square feet of living area, which is located in the The Strand at Headlands Tract.

For attached condos, there are currently 76 condos active for sale in Dana Point . The median price of these condos is $515,000 and the average price per square foot is $406 . These listed condos range in price from a low of $168,900 for a unit comprising of 1 bedroom, 1 bath, 700 square foot, that is situated in the Harbor Creek Tract. Up to a maximum price of $2,650,000 for a roomy condo consisting of 3 bedrooms, 3 baths, with 3,101 square feet found in the Admiralty Subdivision.

For properties currently under contract in Dana Point there are 68 detached homes in escrow, and the median price is $895,000 . These detached homes range in price from a low of $399,900 for a 3 bedroom, 2 bath, 1,145 square foot property located in the Custom Tract. On up to a maximum price of $3,399,000 for a fine property comprising of 4 bedrooms, 4 baths, and incorporates an expansive 4,475 square feet of living area, located in the Monarch Bay Tract.

For condos, there are 50 units now in escrow in Dana Point , with a median price of $461,900 . These pending units range in price from $154,000 for a 1 bedroom, 1 bath, 700 square foot condominium, located in the Harbor Walk Subdivision. On up to a maximum price of $1,795,000 for a fine condo consisting of 3 bedrooms, and 5 baths, with 3,651 square feet, found in the Admiralty Subdivision.

In the past 90 days, there have been 42 detached homes that have sold and closed escrow in Dana Point . These sold homes had a median price of $717,500 with an average price per square foot of $423 . These closed homes range in price from a low of $355,000 for a detached home comprised of 2 bedrooms, and 1 bath, with 1,011 square feet, and is located in the Custom Subdivision. And a maximum price of $5,950,000 for an estate property comprising of 5 bedrooms, 7 baths, and a spacious 6,378 square feet located in the Niguel Shores Tract.

For the past 3 months, there have been 42 attached condominiums that have sold and closed escrow in Dana Point , California. The median price of these attached units was $415,000 and the average price per square foot was $315 . These sold condominiums ranged in price from a low of $175,000 for a 1 bedroom, 1 bath, 650 square foot unit found in the Harbor Creek condo Tract. And the maximum priced sold condo was $1,050,000 for a nice unit comprised of 4 bedrooms, 4 baths, and 3,300 square feet that is situated in the Monarch Del Mar Tract.

If you have any questions regarding real estate for sale in Dana Point , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click this link if you would like to view all homes for sale in Dana Point .

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Dana Point Short Sale Market Realtor report.

by vbindi on February 23, 2010

This analysis is for Dana Point residential standard sales, short sales and bank REO sales, and was generated by the realtor experts at the Short Sales ASAP group.  They are #1 in short sale property listings and closings in Orange County.

Currently, there are 155 detached homes listed for sale in Dana Point , California. The median price of these active homes for sale is $1,175,000 and the average price per square foot is $634 . Of this total, 31 are short sale listings active for sale, and another 3 are bank owned REO’s, for a total of 34 financially distressed single family homes in Dana Point . These distressed home listings represent 22% of the total inventory of detached homes for sale. The median price of these distressed properties is $729,000 and the average price per square foot is $378 .

For attached condominiums, there are 77 condo units currently listed for sale in Dana Point . The median price for these listed condominiums is $499,900 and the average price per square foot is $399 . Of this total, 24 are short sale condo listings, and another 6 are bank owned foreclosed condos listed for sale in Dana Point , for a grand total of 30 financially distressed condo listings. The median price of these distressed condos is $325,000 , and the average price per square foot is $321 . The ratio of distressed condo listings to the total listings is 39% .

Currently, there are 52 detached homes under contract in escrow, and the median price of these pending properties is $1,450,000 . Of this total pending properties, 32 are short sales, and another 3 are bank owned REO properties. This is a total of 35 financially distressed homes, which is 67% of the total detached properties in escrow in Dana Point , and the median price is $625,000 .

For condominiums, there are now 46 attached units in escrow, and the median price is $355,000 . Of this number, 29 are short sales in escrow, and 4 are bank owned REO condos in escrow in Dana Point . This total of 33 distressed condos is 72% of the total units in escrow, and the median price is $339,900 .

In the past 90 days, there have been a total of 40 detached homes that have sold and closed escrow in Dana Point . The median price of these sold homes was $699,000 and the average price per square foot was $362 . Comprising of this total were 12 short sale properties, and 4 bank owned foreclosure homes, for a total of 16 distressed homes that have sold in Dana Point in the past 3 months. This number of distressed sales is 40% of the total, and the median price was $585,000 , and the average price per square foot was $301 .

For attached condos, there have been a total of 40 condo sales in the past 3 months. The median price was $435,000 , and the average price per square foot was $343 in Dana Point . In addition, there were 11 short sale condos that sold and closed, and another 5 REO units that sold in the past 90 days. This was a total of 16 distressed condos, which is 40% of the total number of units sold in this period. The median price of the sold condos was $381,000 , and the average price per square foot was $314 .

As can be seen above, the ratio of Pending in Escrow distressed listings, to Total Pending in Escrow listings is a much higher percentage, compared to the ratio of Sold distressed properties to Sold total properties. This illustrates that short sales fail at a high rate. Therefore, property owners who owe more than their home is worth, should work with an experienced   www.DanaPointShortSaleExpert.com   For more information, feel free to call: (888) 201-7066, or email us at: Info@ShortSalesASAP.com.

Dana Point Homes and Condos report.

by vbindi on February 17, 2010

This report is for Active for Sale and Sold statistics for homes and condos in Dana Point . This article is generated by the realtor professionals at eVantage Real Estate here in Orange County, CA. Today, there are 152 detached homes for sale, which have a median price of $1,300,000 with an average price per square foot of $653 . These homes are priced from a low of $410,000 for a 2 bedroom, 2 bath, 927 square foot home situated in the subdivision tract called Lantern Village South . On up to a maximum price of $24,999,000 for a fine home boasting of 5 bedrooms, 8 baths, with 9,700 square feet of living area, and a panoramic ocean view, which is located in the Strand at Headlands Tract.

Currently, for attached condos there are 77 units active for sale in Dana Point . The median price of these condominiums is $495,000 and the average price per square foot is $407 . These Active for Sale condos range in price from a low of $179,000 for a unit comprising of 1 bedroom, 1 bath, 700 square foot, that is found in the Harbor Walk Tract. Up to a maximum price of $2,490,000 for a roomy condo consisting of 3 bedrooms, 4 baths, with 3,318 square feet found in the Sea Villas at St. Regis Subdivision.

For properties currently under contract in Dana Point there are 51 detached homes in escrow, with a median value of $649,000 . These detached homes range in price from a low of $349,000 for a 2 bedroom, 1 bath, 700 square foot property located in the Lantern Village Tract. On up to a maximum price of $5,995,000 for a fine property incorporating 4 bedrooms, 5 baths, with an expansive 5,000 square feet of living area, located in the Dana Point Harbor area.

For condos, there are 44 units now in escrow in Dana Point , with a median price of $339,900 . These pending units range in price from $159,000 for a 1 bedroom, 1 bath, 700 square foot condominium, situated in the Harbor Walk Subdivision. On up to a high price of $749,000 for a fine condo consisting of 3 bedrooms, and 3 baths, with 1,800 square feet, found in the Niguel Beach Terrace Subdivision.

In the past 3 months, there were 43 detached homes that have sold and closed escrow in Dana Point . These sold homes had a median price of $683,100 with an average price per square foot of $350 . These sold and closed homes range in price from a low of $410,000 for a detached home comprised of 2 bedrooms, and 1 bath, with 976 square feet, and is located in the California Homes Subdivision. And a maximum price of $6,200,000 for an estate property comprising of 5 bedrooms, 6 baths, and a spacious 6,100 square feet located in the Ritz Cove Tract.

For the past 90 days, there were 39 attached condominiums that have sold and closed escrow in Dana Point , California. The median price of these attached units was $434,000 and the average price per square foot was $344 . These sold condominiums ranged in price from a low of $125,000 for a 1 bedroom, 1 bath, 490 square foot unit found in the Harbor Walk condo Tract. And the maximum priced sold condo was $923,000 for a nice unit comprised of 2 bedrooms, 3 baths, and 2,000 square feet unit.

If you have any questions regarding homes or condominiums for sale in Dana Point , please feel free to contact our Dana Point realtor expert at: (949) 388-3396, or email us at: Info@eVantageRE.com .

Dana Point Real Estate Prices

by vbindi on August 12, 2009

Today, there are 311 detached single family homes listed for sale in Dana Point, Orange County, Ca.  The lowest priced home is listed at $449,000, which is a 3 bedroom, 2 bathroom 1,312 square foot home that offers a covered patio with a fireplace where the Catalina island view can be enjoyed. The highest priced home is listed for $24,000,000.  This estate property comprises of  6,100 square foot of living area, with 5 bedrooms and 6 1/2 bathrooms located in the Strand at Headlands. This home features a dramatic infinity pool and spa with an underwater sound system and direct access to a private beach club. The current median price of Active lsiting in Dana Point is $1,200,000.

Currently, there are 43 detached homes located in the city of Dana Point that are pending in escrow.  The lowest priced property currently in escrow is valued at $380,000. It is an inviting 3 bedroom, 1 bath, 980 square foot cottage built in 1954 with an updated interior and an attached 2 car garage.  The highest priced property currently in escrow is priced at $5,900,000. This property features over 4,600 square feet of living space, 3 bedrooms and 5 bathrooms. This home is located in the Niguel Shores community. It is an entertainers dream with awesome features that include a 1,000 bottle wine cellar and a spa with a waterfall.  The current median price for properties in escrow in Dana Point is $779,000.

In the past 90 days, there have been 78 detached properties that have sold in Dana Point.  The lowest sales price was $415,000 for a unique 3 bedroom, 3 bathroom, 2,000 square foot home built in 1963, located in Capistrano Beach with a beautiful indoor atrium and vaulted ceilings.  The highest priced property sold was a single story, 4 bedroom, 5 bath, 4,500 square foot estate priced at $3,400,000. This property is located in the Monarch Bay Terrace community. This home features dual master suites, a private saltwater pool and spa and an impressive panoramic ocean view. The median home sales price is $799,900 and the average sales price in the city within the past 3 months was $964,992. The average price per square foot was $417/SqFt. The average days on market was 99 days.

For more information about Dana Point Real Estate, please feel free to call us at: 949-388-3396

Dana Point CA Short Sale – Success Story #17

by vbindi on April 7, 2009

This is another successful Short Sale case study for a detached home located in Dana Point, Ca.   The details of the homeowners name, address, and exact financial details will be masked to protect the privacy of the homeowner.

This property was sold and closed escrow in March of 2009,  via a Short Sale by the OC Short Sale Team.   This single family detached home was 4 bedroom, 3 bath, 2,600 square foot home, with 3 car garage.

This roomy house was purchased in August of 2005′,  for $975,000 with a 20% down loan with Wells Fargo.  9 Months later the homeowner obtain a equity line of credit (HELOC) loan for $200,000 in 2nd position.  The first mortgage was about $780,000 and the total loan debt after the HELOC loan was $980,000.  The home went up in value about 5% from the time it was purchased until about springtime in 2006′ and then prices began to decline from there.

Since the peak in the local market in April of 2006′ prices have been dropping about 12% per year for the past 3 years.  This drop applies to most of Orange County, but has not as severe in Dana Point.   This featured short sale property has declined in value about 27% from the time it was purchased.   The homeowner had a financial hardship and a medical sikness in the family, and they were not able to keep up with their mortgage payments.

The first step in our short sale process for this Dana Point property, was to gather all of the required documents from the homeowner.  We then packaged these documents and sent them to the  banks to present our short sale case.  After some tough negotiations, our short sale specialists were able to obtain preliminary approval for the Short Sale.   During this short sale preparation period, the homeowner was able to live in the property as normal, with no interruptions from other agents or prospective home buyers.  Due to their financial hardship, the family was living in the home without making mortgage payments.

After the preliminary bank approval, the Short Sale marketing and sales effort began.  We advertised the property for sale extensively on the Internet and in the Multiple Listing Service (MLS) for a price of at a price of $789,000.  After about 3 weeks with no offer, we dropped the price to $749,000.   Then again 3 weeks later we lowered the price to $729,000 and received an offer 6 days later.   After two counter offers, we negotiated a price between the buyer and seller for $725,000.

This final step was to set up the short sale for escrow closing.   After we obtained the signed offer from the Buyer, we packaged the purchase offer, along with required Short Sale disclosures and Buyers loan qualification paperwork.   We rushed this information to the banks, and negotiated the  final short sale adjustments of the terms, conditions and costs.   After some tough discussions with our expert short sale Realtor team,  we received the bank short sale approval letters.  We then moved forward with the buyers closing through escrow. The last step was accomplished in about 32 days.

After the short sale was completed and the escrow closed, the entire mortgage debt was retired and the homeowner was forgiven from the debt of the HELOC loan.   If the home had gone to foreclosure, the $200,00 HELOC loan would have not be retired, and they could have gone after the homeowner for collection.   In addition, the homeowners credit was not as badly damaged as it would have been if the banks had foreclosed.   They are  planning on working with our associate premiere credit rehabilitation firm, so that they may buy another home within a year or less.

The OC Short Sale Team is licensed real esate Broker with the California Department of Real Estate, that specializes in short sales.  Our services are free to the homeowner, for we are paid by the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com