Wednesday, February 28, 2018

March Calendar of Events for Orange County

We have had about a two week winter this year, but that doesn't mean we aren't ready for Spring in Orange County.  Why?  There are some great events to schedule for March, so make sure to get our and enjoy the community.

Tomatomania! at Roger’s Gardens   Mar. 2-11
The world’s largest (and most fun) tomato plant sale! Scott Daigre and his staff of Tomatomaniacs offer an astonishing selection of over 200 varieties of heirloom and hybrid tomato plants, including new varieties for 2018 & the Tomato of the Year.
Time/Place: 9am-6pm / 2301 San Joaquin Hills Rd., Corona del Mar
Contact: 949-640-5800 /

Parenting OC’s Annual Summer Opportunities Jamboree   Mar. 3
Jamboree will have special guests, along with games and many new exhibitors featuring family travel destination spots, summer camps, and school information. The Aquarium of the Pacific will be in attendance with the acclaimed Aquarium on Wheels, and back by popular demand is the Bubble-Dash Games.
Time/Place: 10am-2pm / Discovery Cube Science Center, Santa Ana
Contact: 714-542-2823 /

Oso Fit - Mission Viejo Community Health Fair & 5K Fun Run   Mar. 3
Hosted by the City and Mission Viejo Chamber of Commerce, the event is an extension of the annual Community Health Fair and in honor of the City’s 30th anniversary celebration this year. The Community Health Fair features something for all ages including a host of free screenings.
Time/Place: 7:30-11am / Oso Creek Trail
Contact: 949-441-0602 /

Festival of Whales   Mar. 3-4 & 10-11
In addition to whale watching at the height of whale watching season, festival includes a kick-off parade, Sand Sculpting, Ocean Awareness Day, musical entertainment, on-the-water Concert, Whale of a Block Party, Art Shows, Pancake Breakfast, BBQs, Kids Interpretive Crafts, Classic Car Exhibits, Lectures/Seminars at multiple venues including the Ocean Institute, Historic Walking Tours, Paddling Events, Sailing/Rowing/Kayak/SUP Demos, plus much more!
Time/Place: See website for schedule. / Dana Point Harbor
Contact: 949-472-7888 /

Dachshund Races   Mar. 4
Come see these short legged but swift ‘wiener dogs’ race to the finish line once a month at Old World Village. Arrive early and stay for lunch on their dog friendly patio.
Time/Place: 3pm / Old World Village, Huntington Beach
Contact: 714-895-8020 /

C.R.Y. Holi On The Beach   Mar. 4
Presented By: Child Rights & You America, Inc. - Orange County Action Center. The Festival of Colors! Open to all - just be ready to get very colorful with about 500 of your favorite friends and enjoy Bollywood music! Indian food and snacks will be available for purchase. Come have fun - and help raise money for Child Rights! 
Time/Place: 11am-3pm / Bolsa Chica State Beach
Contact: 714-512-6499 /

Lantern Festival   Mar. 4
Celebrate the Year of the Dog with Orange County’s Pacific Symphony with this free family event. Enjoy music, dance, food and lantern decorating to mark the end of the Lunar New Year.
Time/Place: 12pm / Segerstrom Center for the Arts, Costa Mesa 
Contact: 714-556-2787 /

Toshiba Classic   Mar. 7-11
Each year, the Toshiba Classic attracts a field of professional players that rivals any major championship in golf, creating compelling competition for our fans. In 2018, the Toshiba Classic will benefit the Mary and Dick Allen Diabetes Center which provides comprehensive services for those with risk for diabetes regardless of their ability to pay.
Time/Place: Newport Beach Country Club
Contact: 949-660-1001 /

Pet Expo   Mar. 10
Please feel free to bring your well socialized, dog/people-friendly dog. This one day event offers a variety of informative groups, retailers, groomers, veterinarians and pet rescue organizations - everything you need to know for a happier, healthier pet!
Time/Place: 10am-2pm / Lake Forest Sports Park
Contact: 949-462-3450 /

Irvine Park Railroad Easter Eggstravaganza   Mar. 10-31
Hop on over with family and friends to enjoy this fun and exciting springtime event. Children can meet and have their photo taken with the Easter Bunny as well as participate in several activities that are located throughout the area.
Time/Place: Weekdays 10am-4pm, Weekends 9am-6pm / 1 Irvine Park Road
Contact: 714-997-3968 /

Rodeo Round Up Car Show Show & Maker Fair   Mar. 16
Celebrate our student body and treat the community to an afternoon of fun with bouncers, trackless train, trick roper, panning for gold, face painting, classic + exotic car and vehicle show, local business and maker fair, music, photo booth set ups, food trucks, petting zoo and much more! This is our biggest fundraiser of the year.
Time/Place: 3pm / Enders Elementary, Garden Grove
Contact: 714-663-6205 /

Weekend of Art in Los Alamitos   Mar. 16-17
Calling all artists! All ages and abilities welcome. Sculpture, ceramics, spoken word, music, photography, painting, drawing, dance, wood working, print and more. Registration must be received by March 5.
Time/Place: Fri 5-8pm, Sat 10am-8pm / Los Alamitos Community Center
Contact: 562-430-1073 /

Spring Craft Boutique   Mar. 16-17
Unique, one-of-a-kind crafts, seasonal and year-round gifts and d├ęcor, wearable art, jewelry, florals, baby items, tasty goodies and much more from over 250 vendors! KidWatch babysitting service is available for $2.25 per hour per child.
Time/Place: Fri 9am-6pm, Sat 9am-4pm / Brea Community Center
Contact: 714-990-7771 /

Musink   Mar. 16-18
This year’s event will showcase more than 100 world-renowned tattoo artists and feature musical performances by the Descendents, Fear, Strung Out, the Adolescents, Lil Yachty, Machine Gun Kelly and the Fever 333.
Time/Place: OC Fair & Event Center, Costa Mesa
Contact: 714-708-1500 /

El Presidente Ball   Mar. 17
Journey back to the late 1800s of early California and let the Fiesta Association show you how “the West was fun” at this western style dinner dance. Enjoy some great food and old-fashioned fun while dancing under the stars (weather permitting) to live country-western style music.
Time/Place: 6-10pm / El Adobe de Capistrano, SJC
Contact: 949-493-1976 /

Multicultural Fair at Sage Hill School   Mar. 17
This colorful, fun-filled event showcases and celebrates Sage Hill school’s--and the community’s--amazing cultural diversity. Taste home-cooked delicacies from virtually every nation represented at Sage Hill; enjoy non-stop musical and dance performances; bid on tantalizing baskets of themed goodies; browse the ethnic bazaar; and plenty of entertainment for the kids.
Time/Place: Wilkins Town Square - Sage Hill School, Newport Coast
Contact: 949-219-0100 /

Glitterfest   Mar. 18
This event features a collection of creative folks who express their talent through mixed media art. It includes handmade jewelry, sculpture, primitive dolls, paper whimsy and much, much more!
Time/Place: 10am-3pm / Spring Field Conference Center, Fullerton
Contact: 714-573-1025 /

Cherry Blossum Festival   Mar. 18
A FREE day of fun for the whole family filled with Japanese food, music, dance, cultural performances, and games and crafts for the kids. This festival is in support of the over 30 year student exchange relationship Huntington Beach shares with their sister city of Anjo, Japan.
Time/Place: 10:30am-5:30pm / Central Park Bandstand

Saint Joseph’s Day at the Mission   Mar. 19
Live mariachi music, community presentations, Special Guest “Swallows Speakers”, Mission Basilica School performances, ringing of the historic bells and History of St. Joseph’s Day and Swallows Legend.
Time/Place: 10am-3pm / Mission San Juan Capistrano
Contact: 949-234-1300 /

Friends of the Library Authors’ Luncheon   Mar. 20
Authors D. P. Lyle and David Putnam speaks about their books and careers at a luncheon hosted by Friends of the Huntington Beach Library.
Time/Place: 12pm / 7111 Talbert Avenue, Huntington Beach
Contact: 714-375-8429 /

Swallows Day Fiesta Grande   Mar. 21
This night of Old West entertainment consists of four contests are rolled into one! Best Dressed Old West Man, Best Dressed Old West Woman, Best Belt Buckle, and the Hairiest Man (best moustache and/or beard). For the more timid, spectators are always welcome.
Time/Place: 6-9pm / Swallow’s Inn, SJC
Contact: 949-493-1976 /

Swallows Day Parade & Mercado   Mar. 24
This is the nation’s largest non-motorized parade. It is totally organized and presented by the San Juan Capistrano Fiesta Association. The Mercado is a Street Fair and Market Place where you can eat, drink, and shop at over 100 booths. It is THE place to be after the parade! Listen and dance to the music of The Working Cowboy Band, a traditional country music band.
Time/Place: 11am / Downtown San Juan Capistrano
Contact: 949-493-1976 /

Laguna Niguel Bunny Bonanza   Mar. 24
Crafts Games Face Painting Entertainment Instructor Showcase – meet the Parks and Recreation class instructors “Touch a Truck” – kids will get to climb, work on and “drive” a fun work truck, including trash, fire, and Sheriff’s Department. The Easter Bunny will also be hopping around! No egg hunt.
Time/Place: 9am-12pm / Chapparosa Park
Contact: 949-425-5100 /

Lake Forest Egg Hunt/ Festival of Colors   Mar. 24
Time/Place: 11am-1pm / Etnies Skate Park: 20028 Lake Forest Drive
Contact: 949-461-3511 /

Discovery Cube’s Bubblefest   Mar. 24-Apr. 8
Pop into Spring Break with this bubble spectacular, featuring hands-on family fun, the return of Deni Yang and the Mega Bubblefest Laser show! Bubblefest provides learners of all ages the opportunity to discover more about the science behind the soapy fun.
Time/Place: 10am-5pm / Discovery Cube Orange County, Santa Ana
Contact: 714-542-2823 /

Aliso Viejo Community Cup   Mar. 29
Shotgun start is at 11am with dinner and an awards ceremony following at 5pm. This event benefits the Boys & Girls Clubs of Capistrano Valley.
Time/Place: 11am / Aliso Viejo Country Club
Contact: 949-542-4112 /

Zedtown   Mar. 31
Zombie defense mobilization efforts are now underway as OC residents prepare for an impending zombie invasion experience–armed with only foam blasters. Grab your opportunity to be a part of this blaster battle that follows a plot, evolving as players interact throughout the game.
Time/Place: 10am & 5pm / OC Fair & Event Center, Costa Mesa
Contact: 763-324-7889 /

La Habra Spring Family Eggstravaganza   Mar. 31
This fun, family event includes an Eggs-Treme Kid Zone, as well as games, crafts, inflatables, balloon twisters, music & more. Also features a Community Resource Fair put on by the La Habra Family Resource Center.
Time/Place: 8am-12pm / La Bonita Park
Contact: 562-383-4210 /

Stanton Easter Egg Hunt   Mar. 31
Egg hunt, pancake breakfast and resource fair.
Time/Place: 9-11am / Stanton Central Park
Contact: 714-379-9222 /

Remember as you are out enjoy the community our team is here to take care of your real estate needs.
The Orange County Real Estate market continues to be strong coming into what we call the "Real Estate Season".  If you are considering a move and not sure what your next step is please do not hesitate to give us a call.

Monday, February 12, 2018

So how did the OC Real Estate market do the first month 2018?

The first month of 2018 is behind us, can you believe it?   Reviewing how the real estate market did during this time, we see the tight inventory really has taken a hold of pricing in the area as buyer demand has skyrocketed in the past 2 weeks.  

Homes priced right have the opportunity to receive top dollar through multiple offers.  Overall in Orange County homeowners are receiving 98% of the price they are asking for when listing a home.

Below is a summary of the how the Orange County real estate market performed from our friend Steven Thomas at Reports on Housing.

The active listing inventory increased by 207 homes in the past two weeks, up 5%, and now totals 3,981. Expect the inventory to increase from now through mid-Summer. Last year, there were 4,448 homes on the market, 467 more than today.
There are 29% fewer homes on the market below $500,000 today compared to last year at this time and demand is down by 20%. Fewer and fewer homes and condominiums are now priced below $500,000. This price range is slowly disappearing.
Demand, the number of pending sales over the prior month, skyrocketed in the past two weeks by adding an additional 522 pending sells, up 30%. The average pending price is $909,074.
The average list price for all of Orange County remained at $1.8 million over the past two weeks. This number is high due to the mix of homes in the luxury ranges that sit on the market and do not move as quickly as the lower end.
For homes priced below $750,000, the market is HOT with an expected market time of just 33 days. This range represents 36% of the active inventory and 57% of demand.
For homes priced between $750,000 and $1 million, the expected market time is 43 days, a hot seller’s market (fewer than 60 days). This range represents 17% of the active inventory and 21% of demand.
For homes priced between $1 million to $1.25 million, the expected market time is 54 days, a hot seller’s market.
For luxury homes priced between $1.25 million and $1.5 million, the expected market time dropped from 112 days to 81. For homes priced between $1.5 million and $2 million, the expected market time decreased from 145 to 122 days. For luxury homes priced between $2 million and $4 million, the expected market time decreased from 221 days to 163 days. For luxury homes priced above $4 million, the expected market time fell from 355 to 349 days. 
The luxury end, all homes above $1.25 million, accounts for 39% of the inventory and only 14% of demand.

So what homes are available NOW in Orange County - Find out Instantly

The expected market time for all homes in Orange County dropped from 64 days to 52 in the past two weeks, a hot seller’s market (fewer than 60 days). From here, we can expect the market time to drop a little bit more by the end of the month. 
Distressed homes, both short sales and foreclosures combined, make up only 1% of all listings and 2.3% of demand. There are only 16 foreclosures and 23 short sales available to purchase today in all of Orange County, that’s 39 total distressed homes on the active market, dropping by 8 in the past two weeks and reaching its lowest level since the very beginning of the Great Recession. Last year there were 103 total distressed sales, 164% more than today.
There were 1,799 closed residential resales in January, down by 9% from January 2017’s 1,904 closed sales. January marked a 21% drop from December 2017. The sales to list price ratio was 97.6% for all of Orange County. Foreclosures accounted for just 1.1% of all closed sales and short sales accounted for 0.8%. That means that 98.1% of all sales were good ol’ fashioned sellers with equity.

What's the Value of Your Orange County Home - find out Instantly

If buying a home or selling a home in 2018 is on your calendar, we would love to sit with you and go over the numbers of what is happening in your neighborhood along with your overall real estate goals.  We understand there is a lot that goes into taking these steps and with new tax laws, interest rate hikes, low inventory, having a plan in place is critical to making your next real estate move!  Let's grab a cup of coffee and chat!