Some people have home-finding stories that are the real estate equivalent of the skywritten marriage proposal tales. They drove by their dream home, knocked on the front door and the elderly owner offered it to them for a song. However, most recent home buyers have tales on the other end of the charming-and-easy spectrum; tales [...]
Are Current Buyers getting the super deals that all buyers want these last days of the year? Current sellers can be seller fatigued and are very motivated to sell before February when the spring season starts. Many times people pull back from buying or selling properties this time of year since the housing inventory is [...]
Summary: Closed sales and properties going into escrow remain relatively strong and stable Property inventory is at a 6 year low for October The number of homes in escrow is close to a six year high The number of homes with price drops is 25% which has trended up from 20% In October, 27 properties [...]
Did you know there used to be an airfield where Laguna’s Emerald Bay bluff is today? That is until someone came up short and landed in Crescent Bay. And why was this landing strip built? To bring Hollywood folks in for ‘Pancho’ Barnes famous 3 day binge parties at her Smithcliff’s home. It was her [...]
Laguna Sales Activity remains strong and shifting to higher priced homes. Homes selling for over $1m typically require jumbo loans (or cash) versus the conforming loans. What is the difference? First the Shift of Sales to Higher Priced Homes October sales remain at a strong pace with 23 homes closing so far and 29 going [...]
Interesting People in Laguna Beach – A Continuing Series If you’re at all familiar with Laguna you know it’s full of characters. Well one of the more well known infamous characters is Jean Paul aka ‘The Coffee Nazi’ the owner of Jean Paul Goodies located by Pavilions in North Laguna. For coffee aficionados, Jean Paul [...]
Summary The number of homes for sale less than a million has shrunken to 60 homes from over 100 not to long ago and it’s resulted in less sales overall since the lower end had the most sales. Most of the activity is now in the $1m to $2m range. You can get loans and [...]
Mortgage Rate Update Yesterday 30 year mortgages had one of its best days in over a year. The Fed at one of their pre-scheduled FOMC meetings did what markets were expecting, plus more. The view prior to the FOMC policy statement at 2:22 yesterday was that the Fed would institute “Operation Twist” as it has been [...]
As the OC Realtor I’ll help you find your special OC Coastal home at that special price. With my hand holding, I’ll take you through the buying process for the minimal amount of pain.
