Friday, December 14, 2018

Sold in the Woods of Lake Forest

We are so excited for our newest homeowners! They will be able to spend the holidays in their new home!  Congratulations on purchasing such a lovely home in the Woods community of Lake Forest.

24881 Rollingwood, Lake Forest just sold by Realtor Chuck Harper

Our clients loved that this stunning home offered 5 bedrooms, 2 bathrooms, and 2,331 square feet of spacious living. Nearly every inch of this home has been remodeled or upgraded! From the modern exterior showcasing the stunning combination of marble stacked stone and wood, a brand new, modern front door, to the luxurious and contemporary interior. The kitchen includes newer stainless appliances, modern quartz counter-tops, custom marble backsplash, and newer flooring.  Ample kitchen cabinet storage, a pantry, hardwood flooring, large modern tiling, custom paint, accent walls throughout, and updated flooring complementing each bathroom. The master suite featured a large closet, dual sink vanity, and beautiful walk-in shower. Additional attributes include: exposed beamed and vaulted ceilings, recessed lighting, multiple ceiling fans throughout and 2 tankless water heaters. The exterior offers just as much beauty with a gorgeously paved driveway leading up to the 2-door, modern style garage door, firepit in the back and turf in both front and back, requiring very little maintenance. 

Available homes in Lake Forest

In addition to the home features, the community of the Woods in Lake Forest is part of the Forest Beach & Tennis Club association which offers residents a Jr. Olympic swimming pool, a smaller pool, a children's wader, beach and swim lagoon, five tennis courts, one Pickleball court, two half court basketball courts, a sand volleyball court, fitness center, preschool, Lake View Lounge, pool tables and shuffleboard.

What a great community to enjoy life in!  

If you are searching for a home in Lake Forest, don't hesitate to give us a call! Lake Forest offers residents a wide selection of communities to live in.  Often described as the entrance to South Orange County is conveniently located next to Irvine, with easy access to the 5/405 fwy and minutes away from Laguna Beach and other coastal towns.  Lake Forest recently has experienced a boom of new homes in the area with communities such as Baker RanchIron Ridge and The Oaks offering residents who are looking for a NEW home many opportunities.  Don't hesitate to give us a call to schedule a private showing at any of these new homes communities. 

Friday, December 7, 2018

Baby it's cold outside... Brrr!

December, The slowest time of the year, the Holiday Market, runs from Thanksgiving through the first couple of weeks of the New Year.  This is the time of the year where the country gets pummeled by blizzards, freezing temperatures, and undrivable roads. School days are cancelled to the delight of so many children. It is no wonder that the housing market cools to its slowest season of the year; who wants to look for a home when the weather is not cooperating. And, there are not as many sellers willing to allow buyers to trapes through their homes, dragging the snow with them. 

It is easy to understand precisely why housing slows for the rest of the country, but why does it occur here in sunny Southern California? Yes, it is a bit cooler than the rest of the year, but the temperature bounces around in the 60’s. There is no snow, just a little bit of rain. Regardless of the weather, housing begins to slow during the Autumn Market, after the kids go back to school. It slows further when the distractions of the holidays set in.

Below is a summary of the of the OC Orange County Real Estate Market:

The active listing inventory decreased by 398 homes in the past two weeks, its largest drop of the year, and now totals 6,820. Last year, there were 4,323 homes on the market, 2,497 fewer than today.
So far this year, 13% fewer homes have come on the market below $500,000 compared to last year, and there have been 26% fewer closed sales. Fewer and fewer homes and condominiums are now priced below $500,000. This price range is slowly vanishing.
Demand, the number of pending sales over the prior month, decreased in the past two-weeks by 122 pending sales, its largest drop of the year, and now totals 1,654. Last year, there were 2,082 pending sales, 26% more than today.
The Expected Market Time for all of Orange County increased from 122 days to weeks ago to 124 days today, a slight Buyer’s Market (120 to 150 days) and the highest level since January 2011. It was at 62 days last year.
For homes priced below $750,000, the market is a Balanced Market (between 90 and 120 days) with an expected market time of 91 days. This range represents 43% of the active inventory and 59% of demand.

Search Available homes under $750,000

For homes priced between $750,000 and $1 million, the expected market time is 111 days, a Balanced Market. This range represents 19% of the active inventory and 21% of demand.
For homes priced between $1 million to $1.25 million, the expected market time is 138 days, a slight Buyer’s Market.
For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the expected market time remained unchanged at 182 days. For homes priced between $1.5 million and $2 million, the expected market time decreased from 235 to 222 days. For luxury homes priced between $2 million and $4 million, the expected market time increased from 340 to 397 days. For luxury homes priced above $4 million, the expected market time increased from 484 to 716 days. 
The luxury end, all homes above $1.25 million, accounts for 30% of the inventory and only 13% of demand.
Distressed homes, both short sales and foreclosures combined, made up only 1.0% of all listings and 1.7% of demand. There are only 24 foreclosures and 41 short sales available to purchase today in all of Orange County, 65 total distressed homes on the active market, down 13 from two-weeks ago. Last year there were 64 total distressed homes on the market, slightly less than today.
There were 2,328 closed residential resales in October, 9% fewer than October 2017’s 2,553. October marked an 11% increase over September 2018. The sales to list price ratio was 96.9% for all of Orange County. Foreclosures accounted for just 0.4% of all closed sales, and short sales accounted for 0.6%. That means that 99% of all sales were good ol’ fashioned sellers with equity.  For a full copy of the report click here!

What is the Value of your Orange County Home?

Are you thinking of a move and not sure if now is the right time, or maybe you should wait until Spring.   Don't hesitate to give us a call to review the market in your neighborhood along with your goals.  We review Supply, Demand, Interest Rates and YOUR Goals to ensure success. 

We wish you and your family a wonderful holiday season and an abundant New Year! 

Happy Holidays

Realtor Chuck Harper with the Z-Team at Keller Williams

Thursday, December 6, 2018

Just Sold in Dana Point!!

We are so excited to have had the opportunity to help our clients sell their home in the exclusive gated community of Terraza Del Mar in Dana Point.

25 terraza del mar, dana point

About the home! A stunning single-level Mediterranean home with spectacular sunsets and full ocean views in the distance. Tastefully remodeled and upgraded, the home offers designer finishes stylishly blended with a comfortable floor plan and excellent indoor/outdoor flow. The Chef’s kitchen with top of the line Viking stove and double wall ovens, designed to create amazing meals. The classic granite counters, custom cabinetry & large center isle opens to the enormous family room with vaulted ceilings and fireplace. Open floor-plan with vaulted ceilings, recessed lighting, custom crown molding, upgraded wood and Terrazzo flooring, double sided fireplace in the living room, lovely atrium off formal dining room, lots of natural light, plantations shutters & surround sound throughout. The grand master suite features a spacious master bath with his & her sinks, Corian counters, separate shower and soaking tub and a walk-in closet with designer cabinetry. There are 2 additional bedrooms & guest bathroom that features a walk-in shower, granite countertops and a wonderful skylight. The west facing patio offers a fully equipped built-in BBQ, magnificent fire-pit with seating perfect for entertaining or just enjoying a warm summer evening. Only a short walk to the Ocean Ranch Market Center with luxury theaters, restaurants, Trader Joe's, etc.

Search Available Dana Point Homes

About Dana Point...  The unique seaside city of Dana Point is in Orange County, Southern California, halfway between Los Angeles and San Diego. Dana Point is a favorite central point, bordered by the cities of Laguna Niguel, Laguna Beach, San Juan Capistrano and San Clemente.

Dana Point is known as a special place for its picturesque beauty and strong sense of community. Dana Point residents enhance the city through involvement in community groups and civic pride. 

There are always activity choices for Dana Point residents, from Concerts in the Park, recreation classes for all ages, the many Parks, and regular Senior Activities. 

City of Dana Point Community Vision Statement 

"That the City of Dana Point is the most beautiful, desirable and safest coastal community in which to live, work, visit, play or conduct business"

Wondering if now is the right time to make a move?  Don't hesitate to give us a call to review your needs along with the what is happening in your local neighborhood.