The following graphs show real estate market graphs for Laguna Beach for 2011. Numbers shown are the average sales price for single family homes, the number of transactions for single family homes, the average days on market for condos and single family homes, the average sales price for condos, and the number of transactions for condos. Areas represented are Laguna Beach, Dana Point, San Juan Capistrano and Laguna Niguel. The numbers show sales for 2000-2011. The second set of graphs show the same numbers for these areas: Newport Beach, Corona del Mar, Newport Coast, and Laguna Beach.
Market Graphs Dec 2011 Laguna Beach
Market Graphs Dec 2011 Newport Beach
Laguna Beach Real Estate
Maura Short is tracking the pace of the real estate market in Laguna Beach. Whether it is Newport Beach to Laguna Beach or Short Sales to multi-million dollar properties, I will tell you like it is. Thanks for Blogging with me!
Friday, January 6, 2012
Thursday, January 5, 2012
KCM Blog-5 Real Estate Trends to Look for in 2012
Another interesting article by the KCM Blog entitled 5 Real Estate Trends to Look for in 2012.
Of course, we cannot totally predict what the real estate market will do, but there are trends we can look at and try to guess what the market will do. Here is the entire article below...
Of course, we cannot totally predict what the real estate market will do, but there are trends we can look at and try to guess what the market will do. Here is the entire article below...
5 Real Estate Trends to Look For in 2012
by The KCM Crew on January 3, 2012
Predicting trends during the most volatile housing market in American real estate history is no easy task. We strongly believe these are the five real estate items we should keep an eye on in 2012:
1. Buyers Will Return
In 2011, a lack of consumer confidence in the overall economy dramatically impacted the housing market. Buyers were afraid to make a purchasing decision on any big ticket item. By the end of 2011, consumer confidence began to return and sales increased. Economic conditions will continue to improve throughout 2012 and consumer sentiment will solidify. Once that happens, home buyers will realize that now is the time to buy.
2. Foreclosures Will Increase
The ‘shadow inventory’ of foreclosures which has been growing since the robo-signing challenges of late 2010 will finally be introduced to the market. Distressed properties sell at discounted prices. They will impact the housing values of the non-distressed homes in the area.
3. Prices Will Soften
As more and more foreclosures come to market, there will be greater downward pressure on the values of houses in the region. Foreclosures impact values of non-distressed properties in two ways:
An increase in foreclosures will have a negative impact on values. This will cause more homes to be underwater.
- They will eat up some of the buyer demand in the market.
- They will impact the appraisal on ALL transactions in the area.
4. Short Sales Will Increase
As mentioned above, we strongly believe that home prices will soften through at least the first half of 2012. Falling prices will force more homeowners into a position of negative equity. Negative equity is one of the triggers that cause people to strategically default on their mortgage obligations. If this happens, there could be an increase in the number of foreclosures. However, we predict that banks will take preventative measures which will help many of these homes avoid foreclosure by easing the requirements in the short sale process for both homeowners and real estate professionals.
5. Great Agents Will Be VERY Successful
Real Estate professionals who have invested the money, time and energy to truly understand what is happening and why it is happening will separate themselves from their competition and do very well this year.
Those who take that next step of learning how to simply and effectively communicate the market to their clients will be seen as industry leaders. These experts will dominate their markets.
KCM Blog-Mortgage Predictions for 2012
Interesting article by the KCM Blog entitled Mortgage Predictions for 2012. The author, Dean Hartman makes the following points: Interest Rates Should be Stable, Mortgage Costs Will Increase,The Mortgage Interest Deduction Will Be Challenged, and Loan Products Will Expand. Read entire article below...
It’s the time of year that we look ahead and attempt to give our best guesses about the market, the industry, and the effects they may have. So, here are my thoughts about the mortgage world:Mortgage Predictions for 2012
by Dean Hartman on January 5, 2012
Interest Rates Should Be Stable
With a faltering economy nationally and worldwide, including pessimistic estimates for employment, there is little chance that the Fed will risk increasing rates which would jeopardize any recovery. Couple that with a Presidential Election in November and conventional wisdom, and we’ll see rates hovering in the same neighborhood for most of 2012.
Mortgage Costs Will Increase
Quietly tucked away in those bills passed in Congress to extend the payroll tax cuts before the holidays was an increase of 10 basis points in the guarantee fees on loans sold to Fannie Mae and Freddie Mac. That will translate into .10% higher interest rates (which would be $4000 extra on a $200,000 loan over 30 years). Interestingly enough, the additional revenue is not going to Fannie or Freddie to help with defaulted loans, but rather going to the US Treasury to make up for the payroll tax cut….go figure.
The Mortgage Interest Deduction Will Be Challenged
Look for people of a certain income level to lose their write off as a measure to increase revenue. Taking away from the wealthy as a way to raise governmental revenue is politically strategic. It is unlikely everyone will lose the deduction (political suicide), but that top 1%…watch out.
Loan Products Will Expand
Common sense lending will start creeping back. Large down payments will liberalize credit and income standards. This will likely begin with local banks who are comfortable with appraised values. I’m not calling for a return to the madness, but some loans that are low risk are not being done today. Anticipate some lenders expanding their guidelines.
Don’t be shocked by a lowering of FHA loan limits and/or an increase in the FHA Up Front Mortgage Insurance Premium either. Overall, mortgages should give people more reasons to buy homes in 2012 as the economic recovery is strongly tied to housing. Given that most people vote their own personal economy rather than policy beliefs, I expect support by those who are looking to be re-elected.
Friday, December 9, 2011
Laguna Beach Real Estate Update December 6, 2011
Here is a real estate update for the Laguna Beach area as of December 6, 2011. The data is broken down by area and areas mentioned are: Newport Beach, Corona del Mar, Newport Coast, Laguna Beach, Costa Mesa - Eastside, Dana Point, San Juan Capistrano, Laguna Niguel, San Clemente, Shady Canyon - Custom, Turtle Ridge, and Aliso Viejo.
Laguna Beach Market Stats Dec 6 2011
Laguna Beach Market Stats Dec 6 2011
Wednesday, December 7, 2011
Phenomenal Deal for a Home at Donner Lake!!!
Looking for a vacation home in Truckee at beautiful Donner Lake? This home is a phenomenal deal! Not a short sale or an REO, but priced like one!
Just reduced to $300K!! This is a killer deal for a home at Donner Lake!
Details on Donner Lake Home
3 bedrooms/2.5 bathrooms/1900 sq. ft.
Property Description
Just steps from Donner lake, this thoroughly remodeled, easy to care for, 3 bed/2.5 bath home has all the amenities one could want. The home boasts beautiful granite and slate accents throughout, great appliances, brand new tankless water heater, a central vacuum, and jacuzzi tubs that will make your lifeby the lake easy. Have friends over (plenty of parking) and enjoy a glass of wine on the deck with the filtered lake views.
13351 Sierra Drive
Just reduced to $300K!! This is a killer deal for a home at Donner Lake!
Details on Donner Lake Home
3 bedrooms/2.5 bathrooms/1900 sq. ft.
Property Description
Just steps from Donner lake, this thoroughly remodeled, easy to care for, 3 bed/2.5 bath home has all the amenities one could want. The home boasts beautiful granite and slate accents throughout, great appliances, brand new tankless water heater, a central vacuum, and jacuzzi tubs that will make your lifeby the lake easy. Have friends over (plenty of parking) and enjoy a glass of wine on the deck with the filtered lake views.
13351 Sierra Drive
Tuesday, November 22, 2011
Thursday, November 17, 2011
HÔM REAL ESTATE GROUP & Sotheby's International Realty
Exciting news for Hom Real Estate Group! It is now affiliated with Sotheby's International Realty!
HÔM REAL ESTATE GROUP & Sotheby's International Realty
HÔM REAL ESTATE GROUP & Sotheby's International Realty
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