Saturday, July 29, 2017

Single Level Condo Sold in Laguna Niguel - 29252 Rue Cerise #1, Laguna Niguel

So happy we found for our clients this rare single level condo in Laguna Niguel because they loved it and now call it home!

Just sold 29252 Rue Cerise #1 Laguna Niguel
29252 Rue Cerise #1 Laguna Niguel

Rarely on the market, this very desirable single-level floor plan was located in the gated Villa de Cerise community of Laguna Niguel.  It is situated on a large private lot in the community and this French-style home offers an open concept floor plan, with a very large living room with high ceilings, a formal dining room with a separate patio and tranquil water fountain!   The kitchen offered plenty of cup boards and counter space  and was open to the family room. In addition, there was a large master bedroom and an over-sized master bath with dual sinks and vanity, with a bright and cheery second bedroom overlooking the private slope and a full-size second bathroom. Additional features included a fireplace, high ceilings, Mexican paver flooring, plantation shutters and tremendous storage. Sliding doors lead from the living room and master bedroom to the large patio which features mature vegetation and complete privacy. Really what wasn't there for our buyers to like!

The Villa de Cerise is a low-density community of only 48 homes so it has the look and feel of a single family home. The community is known for it's gorgeous landscaping and open space and homeowners enjoy a beautiful community pool and spa. Terrific Laguna Niguel location close to all of the conveniences, the 73 Toll Road and Hwy 5.

Nothing makes us happier then finding our clients their perfect home!  If you are looking for a home in the Villa de Cerise community don't hesitate to give us a call and make sure to download our FREE Home Buyer's Guide! 

August Community Events throughout Orange County... Time to enjoy summer before it's over!!

Yes, it's correct in a couple of days the last month of summer will be upon us. That means the end of summer concerts and other events will be over.  So make sure to get out and enjoy some of the great events schedule in August throughout Orange County.  After all this is one of the reasons people love living in Southern California!

Events around the OC by Realtor Chuck Harper

Garden Grove Free Summer Concerts   Through Aug. 10
The Garden Grove Community Foundation and the City of Garden Grove bring the Free Summer Concert Series. Food is available for purchase. No EZ-Ups, umbrellas, or golf carts allowed. Dogs are allowed, if they are on a leash.
Thursdays 6:30-8:30pm / Eastgate Park
714-741-5000 /

Cypress Concerts on the Green   Through Aug. 12
Festival seating, picnics, families and lawn chairs encouraged. Food and desserts will be available for purchase at all concerts. Alcohol and smoking of any kind are prohibited.
Saturdays 6pm / Cypress Civic Center/Library/Tennis Courts
714-229-6700 /

Irvine Sizzlin’ Summer Concerts   Through Aug. 13
Every Sunday, grab your lawn chairs, picnic baskets and dancing shoes for an evening of music in the park. Gourmet food trucks will also be onsite, with a portion of the proceeds benefiting the Irvine 2/11 Marine Adoption Committee and other Irvine nonprofit organizations.
5:30pm / Mike Ward Community Park
949-724-6606 /

OC Fair   Through Aug. 13
The largest fair in Southern California, the 23 day event features over 150 events, thrilling carnival rides, interactive exhibits, live entertainment and delicious food creations.
714-708-1500 /

Stanton Concerts in the Park   Through Aug. 16
Concert events are FREE for everyone to enjoy! Non-profit food vendors will be on hand with delicious food and snacks. Music genres vary every week so check our calendar for band details.
Wednesdays 6-8pm / Stanton Central Park
714-890-4270 /

Brea Concerts in the Park   Through Aug. 16
This is a family-friendly and dog-friendly event. North Hills Church will return with their legendary barbeque tri-tip.
6:30pm / City Hall Park

Yorba Linda Concert in the Park   Through Aug. 20
Every Sunday, pack a picnic basket and come on down for some great music with family and friends.
5:30-7pm / Hurless Barton Park Amphitheater 
714-961-7100 /

Dana Point Summer Concert Series  Through Aug. 20
Featuring two bands each Sunday. Food and beverages available for purchase.
2:30-6pm / Sea Terrace Park

Seal Beach Summer Concert Series   Through Aug. 23
Every Wednesday during the summer.
6-8pm / Eisenhower Park at the Seal Beach Pier
562-799-0179 /

Festival of Arts   Through Aug. 31
The show features the original artwork by 140 award-winning artists from Orange County. Special art-related attractions and special events such as jazz concerts, wine and chocolate pairings, and guided and audio art tours throughout the eight-week run provide entertainment for all.
10am-11:30pm / 650 Laguna Canyon Road, Laguna Beach
949-494-1145 /

Pageant of the Masters   Through Aug. 31
On each evening of the Festival of Arts summer schedule, ticket holders are amazed and enchanted by ninety minutes of tableaux vivants (living pictures), incredibly faithful re­creations of classical and contemporary works of art, with real people posing to look exactly like their counterparts in the original pieces.
8:30pm / 650 Laguna Canyon Road, Laguna Beach 
800-487-3378 /

Huntington Beach Concert Band Summer Series   Through Sept. 3
Bring out your lawn chairs, blankets, and picnic basket for this Huntington Beach tradition! The HB Concert Band hosts a free eleven-week series featuring various music groups, such as concert bands, Latin bands, and swinging Big Bands.
5pm / Central Park Bandstand

Sawdust Art & Craft Festival   Through Sept. 3
Located in a beautiful eucalyptus grove, visitors experience the creativity of more than 200 local artisans.
10am-10pm / 935 Laguna Canyon Road, Laguna Beach
949-494-3030 /

Sunset Jazz at Newport   Through Sept. 20
Wednesday night will feature some of the most popular artists from the Newport Beach Jazz Party and The Jazz Cruise!
6-8:30pm / Newport Beach Marriott Hotel & Spa
949-759-5003 /

Surfing Walk of Fame Induction  Aug. 3
Join us as we celebrate the achievements of surfing legends. This year’s event includes the induction ceremony on Main Street in front of Jack’s Surfboards in downtown Huntington Beach, followed by a Gala Luncheon at Pier Plaza.
9am-2pm / Huntington Beach

Dog Days of Fullerton   Aug. 3
Takes place during the Fullerton Market and includes specialty dog-related vendors, and dog contests for prizes on the main stage. A DJ will entertain during the event. Hot food, artisan craft vendors, kids activities and a beer and wine garden.
4-8:30pm / Fullerton Downtown Plaza
714-738-6545 /

Shakespeare in the Hills   Aug. 4-5 & 11-12
This summer’s production of Romeo & Juliet transports the well-loved story to 1845 and the conflicted world of Alta, CA. In this world, the local rancheros of old Mexico are dealing with the American immigrants who’ve moved into the province.
7-9pm / Laguna Hills Community Center & Sports Complex
949-707-2680 /

Surf City Pickleball Tournament   Aug. 4-6
This double elimination format competition is a USAPA sanctioned event and will be the first held in Huntington Beach.
Murdy Park: 7000 Norma Drive

La Habra Corn Festival   Aug. 4-6
Rides and attractions, independent food, game and craft booths, a market place, live music, a car opportunity draw contest and Miss La Habra, the club queen and her court!
Fri 5-11pm, Sat 9am-11pm, Sun 10am-9pm / El Centro/Lions Park
562-260-3750 /

Laguna Niguel Summer Concerts   Aug. 4 & 18
Come enjoy a free concert in our beautiful amphitheater. Food and dessert will be available for purchase from gourmet food trucks. The food trucks available this concert series will be Soho Taco and the Cut – Handcrafted Burgers.
6:30-8:30pm / Crown Valley Community Park
949-425-5100 /

La Palma Concerts in the Park   Aug. 5
This summer series of musical concerts and fun invites you to gather family and friends, bring a picnic, relax, and enjoy.
6:30-8pm / Central Park-Pavilion

Furry Friends Pet Fair   Aug. 5
Does your dog or cat need their vaccinations? Do you want them micro-chipped? Is your dog license up-to-date?  This is the time to check off these pet parent tasks.
9am-12pm / Alisa Viejo Aquatics Center and Vista Park
949-425-2550 /

Relay for Life of Westminster   Aug. 5-6
Relay for Life is the world’s largest and most impactful fundraising event to end cancer.
11am-11am / Westminster Civic Center

OC Fair Fun Run 5K   Aug. 6
A family friendly event equipped for all ages. Come for fun for the whole family with games, prizes, and lots of fun!
8-11am / OC Fair Grounds

Lobsterfest at Newport Beach   Aug. 6
While feasting, you will enjoy live entertainment on our beachfront stage from West Coast Party Crashers. All proceeds benefit Make-A-Wish Orange County and the Inland Empire and provide scholarships for Leadership Tomorrow | Orange County.
3-8pm / Newport Dunes Waterfront Resort & Marina

Emergency Expo, Summer Concert & National Night Out   Aug. 6
Together with our summer concert series, attendees will enjoy an all-day event which includes large equipment displays by the Orange County Fire Authority and the Orange County Sheriff’s Department.
10:30am-8pm / Sea Terrace Park, Dana Point
949-248-3536 /

Fiesta Music Festival   Aug. 13
Activities for the whole family, including food and game booths sponsored by local nonprofit organizations, three stages with continuous live music throughout the day, contests for all ages, a salsa challenge, arts & crafts show, business expo, children’s rides, action sports expo & exhibits.
9am-7pm / Downtown San Clemente
949-492-1131 /

Dana Point Lobster Fest   Aug. 18
Hosted by Monarch Beach Sunrise Rotary Club. Enjoy gourmet appetizers, no-host bar, fresh east coast lobster, smoked tri-tip steak, desserts, live music and dancing.
4pm / Doheny State Beach

Tomato & Pepper Tasting   Aug. 19
Taste dozens of incredible home tomato varieties, including incredible heirlooms, giant beef-stakes, colorful purples, golds and stripes, super sweet cherries and many more.
8-9:30am / Roger’s Gardens, Corona del Mar
949-640-5800 /

Color Vibe 5k   Aug. 19
Get your friends and family stretched out for this amazing color blast event where you’ll get blasted with color while you run the Color Vibe 5K.
9am / Fountain Valley Sports Park

Pacific Wine & Food Classic   Aug. 19-20
This festival delivers with Summer Inspired Tastings, Exquisite Wines, Hand Crafted Cocktails and Culinary Entertainment on the scenic waterfront stretch of the upper Newport Bay.
2-5pm / Newport Dunes Waterfront Resort & Marina

San Clemente Arts and Crafts Show   Aug. 19-20
Find an array of unique fine arts from paintings, handcrafted jewelry, ceramics.
9am-5pm / Community Center: 100 N. Calle Seville
949-498-9714 /

Plum Festival   Aug. 20
Admission is FREE enjoy everything plum!! Plum Cake, Crepes, Jam, Martini, Berliners, Strudel & more. Doors open at 1pm, Band starts at 2pm and Dachshund Races at 3pm.
2-6pm / Old World Village, Huntington Beach
714-895-8020 /

Senior Fitness Expo   Aug. 25
Take control of your health and fitness at expo, which includes health screenings, nutrition information, demonstrations and a wide variety of the latest health and fitness products.
9am / Rancho Senior Center: 3 Ethel Coplen Way, Irvine
949-724-6800 /

FAM 4th Annual Golf Tournament   Aug. 25
Family Assistance Ministries. Hunger & Homeless Prevention.
12:30-5pm / San Clemente Municipal Golf Course
949-492-8477 /

Rancho Mission Viejo Rodeo   Aug. 26-27
The richest 2-day rodeo in the nation with a purse totaling over $200,000. The top 30 rodeo contestants in saddle bronc and bareback riding, tie-down roping, steer wrestling, bull riding and team roping will come to San Juan Capistrano.
Rancho Mission Viejo Riding Park, SJC

Elvis Festival   Aug. 27
A full day tribute to the King of Rock ‘n’ Roll! Featured stage shows from Kirk Wall, Martin Anthony, Danny Jacobson, Kat Ferguson, Krazy Kirk & The Hillbillies, Scot Bruce & Band, and more! Elvis singing competition.

9am-6pm / 12911 Main Street

As you are enjoying the community, don't worry we have your housing needs covered. Give us a call to review the current real estate market in your neighborhood.  With the low inventory we are experiencing you could have your home sold before school starts!

Instant Home Value Report

Saturday, July 22, 2017

What's Really Happening In Today's OC Real Estate Market

Hard to believe we are halfway through 2017.  The real estate market thus far this year has been very busy as demand is strong and inventory is light at key price points.  

Below is a look at how the numbers played out in June and year to date from the Orange County Association of Realtors.

Highlights of Detached homes:  
  • Median price of a home in Orange County was just below $780,000 and is up 6.5% for the year. 
  • Months of Inventory is down nearly 8% from this time last year.
  • The average time to sell a home in Orange County in June was down 40% to 38 days. 

Highlights of Attached homes:  

  • Median price of a attached condo/townhome in Orange County was approximately $542,000 and is up 7% for the year. 
  • Months of Inventory is down nearly 11% from this time last year.
  • The average time to sell a home in Orange County in June was down 48% to 30 days. 
Looking at sales volume we did see an uptick in sales volume for June, with home buyers snatching up homes quickly.  But that also means we need more homes to come on the market as we have about 3 months of inventory currently available.

In addition to the Orange County Association of Realtors, we also like to review what Steven Thomas from Reports on Housing says about the market.  Below is a summary from his most recent report.

· The active listing inventory increased by just 47 homes, or 1%, in the past couple of weeks, and now totals 5,983, knocking on the door of the 6,000 home level. Last year, there were 7,329 homes on the market, 1,346 more than today.

· There are 38% fewer homes on the market below $500,000 today compared to last year at this time and demand is down by 18%. 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, decreased by 2% in the past couple of weeks, dropping by 55 pending sales and now totals 2,830. The average pending price is $829,260.

· The average list price for all of Orange County remained at $1.6 million. 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 39 days. This range represents 39% of the active inventory and 63% of demand.

Search available homes under $750,000 in Orange County

·  For homes priced between $750,000 and $1 million, the expected market time is 57 days, a hot seller’s market (less than 60 days). This range represents 18% of the active inventory and 20% of demand.

· For homes priced between $1 million to $1.25 million, the expected market time is at 93 days, a balanced market that does not favor a buyer or seller.

· For luxury homes priced between $1.25 million and $1.5 million, the expected market time decreased from 120 to 123 days. For homes priced between $1.5 million to $2 million, the expected market time increased from 155 to 176 days. For luxury homes priced above $2 million, the expected market time increased from 266 to 269 days. 

· The luxury end, all homes above $1.25 million, accounts for 34% of the inventory and only 11% of demand.

· Distressed homes, both short sales and foreclosures combined, make up only 1.5% of all listings and 1.8% of demand. There are only 36 foreclosures and 51 short sales available to purchase today in all of Orange County, that’s 87 total distressed homes on the active market, 11 more than two weeks ago. Last year there were 128 total distressed sales, 47% more than today.

· There were 3,229 closed sales in June, a 3% increase over May 2017 and a 3% increase over June 2016. The sales to list price ratio was 97.9% for all of Orange County. Foreclosures accounted for just 0.99% of all closed sales and short sales accounted for 0.87%. That means that 98% of all sales were good ol’ fashioned equity sellers.

If you are thinking of selling or buying a home in Orange County the key to getting what you want is working with a Realtor that understands what your long term goals are and immediate needs.  Timing and pricing are critical in today's market and your agent needs to be on the front end of the market to ensure you are not missing out on opportunities. Of course, we would love to help you make that dream come true, don't hesitate to give our team a call.