Press Articles on Orange County Real Estate

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Press Articles on Orange County Real Estate

Surterre’s Weekly Financial and Market Update
Week Ending 6/25/2012
“Glass Half Full” Perspective

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/24/2012

Jonathan Lansner

“HOMES SELLING AT PACE LAST SEEN IN FEBRUARY 2009”

California’s housing rebound is picking up steam. Homes in May moved statewide at the fastest pace – and had the biggest year-over-year gain – in three years.
·        Homes sold at an annual rate of $572.260, up 21.5 percent from May 2011
·        That’s the biggest year over year sales increase since May 2009
·        The median number of days it takes to sell a single-family home was 46.6 days vs.52 days in May 2011

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/24/2012

Jeff Collins

“MARKET IS BOOMING”

35.2% increase in home sales in O.C.’s beach-close ZIP codes last month, the biggest in Orange County.

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/17/2012

Jonathan Lansner

“SELLERS RAISE PRICES AT TOP END OF LOCAL MARKET”

With a tight supply of homes for sale and shoppers actually buying – we were bound to see hints that prices could be rebounding too.

Curiously, we’re seeing the strength most at the upper end of the market. O.C. sellers of higher-end homes are raising prices to levels not seen in 20 months, as discounts still are not the norm at the more affordable end of the spectrum. Over two years, we’ve sees a 5.4 percent increase in prices set by sellers of these upper crust local homes. Cuts are 24.2 percent over 5 years

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/17/2012

Jonathan Lansner

“RENTS HIT 3-YEAR HIGH FOR BIGGEST LANDLORDS”

O.C. increases average $72 or 4.7 percent after 5 straight quarterly boots. O.C are 94.8% full.

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/17/2012

Jonathan Lansner

“IRVINE HOMEBUYING SPEEDS UP”

As of May 24th, 428 residence are listed in the MLS with 296 new deals opening in the past 30 days

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/14/2012

Jonathan Lansner

“LAST MONTH WAS BEST MAY SINCE 2006”

DataQuick numbers show sales jumped 23.1%  over same month last year. Median price rises 2.4%.

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/10/2012

Jonathan Lansner

DISTRESSED PROPERTIES TAKING LESS OF A TOLL

In O.C. in April, home prices – including distressed sales – declining by 1.2% vs. a year ago.

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/10/2012

G.U. Krueger

NO DOUBLE-DIP RECESSION IN CALIFORNIA

In California the economic outlook is kind of beige, i.e. colorless. However there is no double-dip-just no boom.  Some stimulus is beginning to come from real estate in general. All this is good, and not bad.

ORANGE COUNTY REGISTER REAL ESTATE SECTION 6/3/2012

Jeff Collins

“DEMAND”

Demand for O.C. homes at 7 year high. O.C homebuyers signed 3,701 pending sales contracts in May, the best posting since May 2005. It is 21 percent stronger than a year ago and 12 percent stronger than 2 years ago.

Beach towns – 620 homes sold in these ZIP codes in the 22 business days ending May 8, up 25.3 percent from a year ago. This was the largest year to year gain among the four regions we tracked.

It would take 1.27 months theoretically to sell all Orange County homes listed under $1 million at the current sales pace.

ORANGE COUNTY REGISTER REAL ESTATE SECTION 5/27/2012

Jonathan Lansner

“HOMES RESEMBLE BARGAINS AGAIN”

Local homebuying  is back at 2006 levels.

LOS ANGELES TIMES BUSINESS SECTION 5/17/2012

Alejandro Lazo

“HOUSING DATA SIGNAL TURNAROUND”

Southland’s median home price rises in April as fewer sales involve foreclosures. Foreclosures made up the smallest share of sales in four years.


About Author

Sean McCracken

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 - Call Me @ 949-290-5317

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