Thursday, October 26, 2017

Orange County September Home Values... What is really happening in the market

Wondering how the Orange County Real Estate Market is doing, we took a look at the numbers and below is a summary of how it is performing..

· The active listing inventory decreased by 167 homes in the past couple of weeks, and now totals 5,215. The trend is down for the remainder of the year. Last year, there were 6,337 homes on the market, 1,122 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 17%. 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 33 homes in the past couple of weeks, down 1%, and now totals 2,393. The average pending price is $872,219.

· The average list price for all of Orange County remained at $1.7 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 43 days. This range represents 40% of the active inventory and 61% of demand.

Search Orange County Homes under $750,000

· For homes priced between $750,000 and $1 million, the expected market time is 55 days, a hot seller’s market (less than 60 days). This range represents 17% of the active inventory and 20% of demand.

Search Orange County Homes from $751k-$1m

· For homes priced between $1 million to $1.25 million, the expected market time is 88 days, an extremely slight seller’s market with very slow appreciation.

· For luxury homes priced between $1.25 million and $1.5 million, the expected market time increased from 101 days to 111. For homes priced between $1.5 million and $2 million, the expected market time decreased from 178 to 173 days. For luxury homes priced between $2 million and $4 million, the expected market time decreased from 280 days to 218 days. For luxury homes priced above $4 million, the expected market time increased from 316 to 326 days. 

Search Orange County Homes from $1m - $2m

· The luxury end, all homes above $1.25 million, accounts for 35% of the inventory and only 13% of demand.

· The expected market time for all homes in Orange County decreased in the past couple of weeks from 67 days to 65 days, a tepid seller’s market (60 to 90 days). From here, we can expect the market time to slowly rise as housing makes its way through the final month of the Autumn Market.

· Distressed homes, both short sales and foreclosures combined, make up only 1.3% of all listings and 2.5% of demand. There are only 27 foreclosures and 40 short sales available to purchase today in all of Orange County, that’s 67 total distressed homes on the active market, decreasing by 14 in the past two weeks. Last year there were 133 total distressed sales, 99% more than today.

· There were 2,746 closed residential resales in September, nearly identical to the 2,736 closed sales in September 2016. September marked a 12% drop from August 2017, part of a normal autumn housing transition. The sales to list price ratio was 98% for all of Orange County. Foreclosures accounted for just 0.6% of all closed sales and short sales accounted for 0.9%. That means that 98.5% of all sales were good ol’ fashioned sellers with equity.

Looking at the Orange Count Real Estate Market there is opportunity for both buyers and sellers.   With the low interest rates and continued price appreciation,  home buyers today are going to save in both interest and payment if they  buy today.  

The same principal applies if you are thinking of selling.  Homes priced right, will sell quickly and bring you top pricing.   Allowing you to purchase your next home before rates increase.

Don't hesitate to contact us to review your real estate needs!

Wednesday, October 25, 2017

November Orange County Calendar of Events..

It's event season in Orange County.  The calendar is filled with fall  and holiday events that you are not going to want to miss.

November calendar of events from realtor

A Taste of San Clemente   Nov. 3
Held under the stars, this annual event serves up culinary masterpieces from over twenty of the area's finest restaurants, as well as sixteen premium wineries from throughout California, ice cold Microbrews and more.
6-10pm / Casino San Clemente

Pumpkin Launch   Nov. 4
Bring your lawn chairs and witness history at this free event as teams compete to see who can launch a pumpkin at targets using giant trebuchets and other devices. Plus, kids can participate in hands-on activities throughout the day.
10am-2pm / Cal State Fullerton
714-542-2823 /

The Red Barn: Fire and Ash Wine Dinner   Nov. 4
Experience fine dining where chefs roast, smoke, and sear a family-style feast paired with Great Wines.
6:30pm / Centennial Farm, Costa Mesa

Guy Buffet Art Show   Nov. 4
Every Dog has his day! Bring your furry friend down to our pet playground for a commissioned personalized portrait by Guy Buffet. He will unveil his new collection.
4-7pm / Lahaina Galleries, Newport Beach
949-721-9117 /

Health, Resource & Safety Fair & Flu Shot Clinic   Nov. 4
Sponsored by the City of Aliso Viejo and Mission Hospital, this event will feature community partner booths offering information and screenings along with free flu shots for those who do not have access to health care.
1-4pm / Iglesia Park Community Center, Aliso Viejo
949-425-2550 /

Fountain Valley Mayor’s Ball   Nov. 4
Formal attire requested. Black tie optional. Photo booth, entertainment, opportunity drawing, cocktails and dinner.
6-10pm / Mile Square Golf Course, Banquet Room
714-962-3822 /

Meoowz & Merlot   Nov. 4
Annual fundraiser for MeoowzResQ - a cat and kitten rescue in Southern California. Tickets include 2 glasses of wine, swag bags and a wonderful dinner buffet. Entertainment to include a DJ and Photo booth!  Silent Auction, Raffle and Dessert Auction.
6-10pm / Costa Mesa Country Club
714-997-0868 /

Casino Night   Nov. 4
Dress in your classic Vegas attire and spend the evening with your friends at the Tables! This fun filled evening will have Classic Vegas style gaming tables, raffle prizes, and a silent auction. All proceeds made will benefit the medication room in the CHOC Children’s Mental Health Unit.
6pm / 11551 Trask Avenue, Garden Grove
714-697-2393 /

Mr. Tustin Pageant   Nov. 4
A night to celebrate some of Tustin’s finest men and raise money for the Miss Tustin Scholarship Association. Watch our contestants as they compete in Personality Walk, Talent, and On Stage Question in Evening Wear. Winner will receive a $100 donation to the charity of his choice.
6:30pm / St. Cecilia Catholic Church: 1301 Sycamore Ave.
714-613-2132 /

Art & Nature Family Festival   Nov. 5
The museum opens its doors for free to visitors of all ages and offers a variety of interactive art, nature, and science activities, environmental information booths, and face painting.
2-5pm / Laguna Art Museum
949-494-8971 /

Dinosaur Dash   Nov. 5
A fund-raiser for the Tustin Public Schools Foundation, this year you can run and ride for education! The Dinosaur Dash features 4 events: 5k and 10k timed races for all ages, a 2k non-timed “Fun Run” and the non-timed 50k bike tour. After the race, there will be entertainment, a Food Court and Expo with games, activities and more.
6:15am / The Marketplace
714-832-3060 /

Champagne & Oyster “Sip & Shuck” Fundraiser   Nov. 5
The event will give guests the unique opportunity to experience a variety of hand-shucked oysters, champagne, sparkling wines and more from around the world, all while enjoying panoramic ocean views at the oceanfront restaurants. To benefit Court Appointed Special Advocates (CASA) of Orange County.
2-6pm / The Deck, Laguna Beach
949-494-5750 /

Placentia Community Prayer Breakfast   Nov. 8
Come enjoy a delicious breakfast, inspirational speakers and fellowship.
7-8:30am / Placentia Round Table Women’s Club: 901 N. Bradford Ave.
714-993-2267 /

RSM Veterans Day Recognition Ceremony   Nov. 11
Light refreshments will be served, followed by a special presentation to veterans of all branches of the armed services by the Mayor and City Council.
6:30-7:30pm / City Hall, Rancho Santa Margarita
949-216-9700 /

Mission Viejo State of the City Gala   Nov. 11
Join Mayor Wendy Bucknum, City and business leaders in highlighting women in leadership and honoring local veterans.
6pm / Arroyo Trabuco Golf Club
949-441-0602 /

Fountain Valley Veterans Day Ceremony   Nov. 11
10am / Heritage Park
714-593-4400 /

5 The Event   Nov. 11
Relax with dinner, drinks and live music, and if you choose, engage in sensory experiences. You will be given a personal mystery box. If you're up for an adventure, open and you will be guided to engage in different activities, connecting you to your 5 senses, awakening your perceptions.
7:30-11pm / Art Mentors, Huntington Beach
949-230-9361 /

Laguna Niguel Veteran’s Day Ceremony   Nov. 11
To honor all who have served and protect our liberty and defend our freedom.
11am-12:30pm / Sea Country Senior & Community Center

Veteran’s Day Car Show   Nov. 11
Honors and the brave men and women who have dedicated their lives to serving the country. Hundreds of classic cars and collectible motor vehicles stretching down Pacific Coast Highway in the beach parking lots. Live music, delicious food and exciting events are available throughout the day.
11am / Huntington Beach Pier Plaza
714-536-2213 /

Dana Point Veterans Day Ceremony   Nov. 11
Dana Point Veterans of Foreign Wars Post 9934 and Ladies Auxiliary and the City of Dana Point recognize all Veterans for their service and sacrifices for America.
10am-Noon / Strands Vista Park: 34201 Selva Road
949-248-1419 /

Walk 4 ALZ- Anaheim   Nov. 11
The Alzheimer’s Orange County team is committed to serving families as they face this difficult journey, while helping to advance local research for a cure.
7:30am / Angel Stadium

AISS Bowl-A-Thon   Nov. 11
Our goal is to fund the purchase of laptops for all our scholars, $16,000. Two hours of bowling, beverages, and light appetizers will be available… along with an opportunity drawing to benefit Veterans Legal Institute!
2-4pm / Lucky Strike, at The Outlets at Orange
714-544-1316 /

Stanton Veteran’s Day Celebration  Nov. 11
The celebration will include a formal ceremony, a special message from the Mayor, guest speakers, flag folding ceremony, rifle salute and much more. A reception will be held at City Hall upon the ceremony’s conclusion. Light refreshments and appetizers will be served.
9am-1pm / Veteran’s Memorial Park

Irvine Veterans Day Ceremony   Nov. 11
The City of Irvine hosts a special ceremony to pay tribute to our nation’s troops – past and present. The event is free and open to the public.
11am-12:30pm / Marine Corps Memorial Park
949-724-6606 /

Driftwood Festival   Nov. 11-12
Features an afternoon of country music, craft beer and top notch BBQ. Enjoy music from artists Chase Rice, Kip Moore, Frankie Ballard and Dan + Shay.
12-9:30pm / Doheny State Beach, Dana Point

Irvine Community Thanksgiving Prayer Breakfast   Nov. 16
This year’s keynote speaker is Chef Bruno Serato, owner of the critically acclaimed Anaheim White House restaurant and founder of Caterina’s Club, a charitable organization that feeds children of low-income families. Chef Bruno will speak on “Child Abuse Prevention Begins with Child Wellness.”
7:30am / Irvine Marriott Hotel
949-660-9112 /

Jack & Jill Guild
Holiday Home Tour & Boutique   Nov. 16-17
Tustin showcase homes are available for touring. Attendees can also lunch and shop our gift boutique.
Tour: Fri 10am-5pm, Boutique: Thur 6-9pm, Fri 9am-5pm Temple Beth Sholom, Santa Ana

Nutcracker Craft Boutique   Nov. 17-18
Beautiful hand-crafted, unique, fun holiday gifts &decorations from over 250 vendors.
Fri 9am-6pm, Sat 9am-4pm / Brea Community Center
714-990-7771 /

Surfing Santa Competition   Nov. 18-19
A fun surf competition where men, women and children dress like Santa or other holiday inspired characters and surf Salt Creek to benefit Surfers Healing.
Salt Creek Beach, Dana Point
949-240-5088 /

Plymouth Rock N’ Run   Nov. 23
5K, 10K and 1K. Come run/walk/trot with us along beautiful Yorba Regional Park and the Santa Ana River Trail. Finish-line festival, silent auction, costume contest, food, fun and more!
6am / Yorba Regional Park, Anaheim Hills
657-201-9498 /

Huntington Beach Turkey Trot   Nov. 23
This annual Thanksgiving event allows participants of all ages to compete in a 1k, 5k, or 10k that helps raise money for Causelife, a non-profit which provides clean water to those in need in developing countries.
7am / 301 Main Street
714-969-3492 /

Dana Point Turkey Trot   Nov. 23
Bring your family and friends to wobble before you gobble. Our flat, scenic race features a 10k, 5k and Kids Gobble Wobble. Participants will receive a shirt and medal.
6am-Noon / Dana Point Harbor

Tamale Festival   Nov. 26
Churro eating contests, as well as best tamale, best dessert tamale, best salsa and hottest salsa contests. There also will be food vendors offering pupusas, bacon-wrapped hotdogs, nachos, Mexican-style street corn and baked potatoes, as well as a cantina serving micheladas and margaritas. Includes the City’s Holiday Tree Lighting ceremony at 5:30pm.
11am-6pm / La Habra Community Center

562-383-4208 /


While you are enjoying the holiday festivities, let us help you with your real estate needs.   The Orange County Market is very strong.  After all fall and winter weather is just one of the reasons people move to Southern California.

Below is a quick look from the Orange County Association of Realtors of how the current real estate market in Orange County is performing.