Newport Coast Foreclosures and Trustee Auction Sales This Week

 

Newport Coast is one of the most spectacular residential communities in Southern California, with very expensive homes and blue water Pacific ocean views. 

Buyers seem to be looking for that "GREAT DEAL" on a foreclosure property in the high-end market. 

Properties are now in default on loans at Newport Coast and moving to foreclosure trustee sale auctions scheduled for this week: 

15 Observatory -

• Date of sale: 10-8-2010 
• Time: 12 PM
• Location: 700 Civic Center Drive West, Santa Ana, CA 
• Assessed Value: $2,138,000 
• Published bid $2,838,137
• TS no. 2009-84017

10 Via Corrale - 

• Date of sale:  10-6-2010
• Time:  10 A.M.
• Location: 401 E. Chapman, Placentia, CA 
• Assessed Value:  $2,488,500
• Published bid:  $1,885,377
• TS no. 2009-907-0817-857

17 Castellina -

• Date of sale:  10-4-2010
• Time:  12 P.M.
• Location: 700 Civic Center Drive West, Santa Ana, CA
• Assessed Value:  $966,918
• Published bid:  $1,026,000
• TS no. 239682CA

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If you want a list of Newport Coast properties now in default and on their way to foreclosure trustee sale auctions, please contact us by email - ExploreProperties@gmail.com.

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See all Newport Coast preforeclosure and bank owned properties - click here for free active link.

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BE CAREFUL WITH THIS!  Buying property at a California trustee sale auctions after foreclosure is very tricky and risky for buyers.  Trustees require that buyers pay all cash or its equivalent at the time and place of auctions.  We recommend you first hire an experienced professional REALTOR to consider this process, consult with that agent and find out about their experience and how they can help you.  Make sure you do as much due diligence as possible prior to any foreclosure auction.  Make sure you know what you are buying and find out the facts about the property, its title ownership and history.

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Harrison K. Long @ Live Newport Coast
"Helping People, Moving Forward, Developing Relationships and Protecting Property Values"  -  Business Solutions and Advisory, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747  -  CA DRE 01410855 -    www.NewportCoastLive.com   -  www.CoastLivinghomes.com  -  www.OCHomeValueGuide.com - www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com -

Source of information: Public records and ForeclosureRadar.com  

Newport Coast, CA, has homes moving toward trustee sale auction after foreclosure.

Posted via email from Explore OC Homes

Laguna Beach Homes & Property Update With Sale Trends

Laguna Beach homes and real estate market update

Buyers at Laguna are going after distressed sales like they do at other Orange County areas.

Live @ Laguna Beach - a great place to enjoy, write about or visit.

See Emerald Bay at Laguna home listings - click here for active link.

 

 

382 homes are now listed for sale at Laguna.  7 of those are bank owned after foreclosure (1.8% of market).  20 of those are short sales (5.2% of market).

See Laguna Beach single family home listings - click here for free link.

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See North Laguna Beach listings - click here for free active link.

So LAGUNA BEACH has fewer distressed homes on the market than most other Orange County areas.

See South Laguna listings - click here for active link.

Market time for all Laguna Beach homes is about 10.13 months (about the same as last year).

Orange County has 11,892 homes on the market. 

4,026 of those Orange County homes are distressed (34% of market).

Market time for all Orange County homes is now at 4.42 months (which is higher than last year and a slowing market).  "Market time" is theoretical time it would take to sell all listed homes at current pace of sales.

29 Laguna Beach homes were sold during month of August 2010 (about the same as last year during August 2009).

See Laguna condo home listings - click here for active link.

Average sold price for Laguna Beach homes during August 2010 was $2,041,120 (almost the same average sold price as during August 2009.

2 Laguna Beach homes sold August 2010 were bank owned REOs, and 6 sold during August were short sales.

So what?  

Buyers at LAGUNA BEACH are going after distressed properties like other Orange County areas.

38% of Laguna homes sold during August were distressed (consistent with Orange County.

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See Arch Beach Heights listings - click here for active link. 

Harrison K. Long @ Live At Laguna Beach
"Helping People, Moving Forward, Developing Relationships and Protecting Property Values"  -  Business Solutions and Advisory, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747  -  CA DRE 01410855 -  www.LiveAtLagunaBeach.com  -  www.CoastLivinghomes.com   -  www.OCHomeValueGuide.com - www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com -  

Source of information:  Southern California Multiple Listing Service and Laguna Beach homes and real estate sale trends and values

Posted via email from Explore OC Homes

Orange County Home Values Should Improve with Higher Mortgage Rates

Orange County housing markets and values should improve with higher mortgage rates.  

 

REALTORs® and real estate professionals have been encouraging their clients that now is a great time to buy, especially because of record low mortgage rates.   

That's probably true.  But will those low mortgage rates help the local housing values and markets?

See Irvine single family home listings - click here for free active link

Local real estate news guru at the Orange County Register Jon Lansner reported that "Housing does better when rates are climbing" and said that cheap loans don't give homes values the boost you would expect.  

So why aren't the low mortgage rates helping the local housing market? 

Cheaper home loans in Orange County don't show evidence of rising housing values over the past 22 years, low loan rates won't get our housing markets back into good gear.   

• Orange County home prices didn't go up during times when mortgage rates were low. 
• When mortgage rates were up, home values went up. 
• Interest and mortgage rates tend to rise when economy is good and when there is demand for money. 
• When interest rates are up, employers give raises and hire more workers. 
• People with jobs and more money will buy more homes even when mortgage rates are higher. 

 

When mortgage rates go up, that's probably from an improving economy.  When Orange County house shoppers get buying, home markets and values should also improve.

See Newport Heights single family home listings - click here for free active link

Lansner says that "nothing can get a house shopper to act fast as the fear of rising mortgage rates quashing the affordability of a deal on a dream home."    

Source: Jon Lansner, Orange County Register, September 19, 2010.

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See Huntington Beach surf city home listings - click here for free active link

See Laguna Beach single family home listings - click here for free active link

Harrison K. Long @ Live At Orange County
"Helping People, Moving Forward, Developing Relationships and Protecting Property Values"  -Business Solutions and Advisory, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747  -  CA DRE 01410855 -  www.CoastLivinghomes.com   -  www.OCHomeValueGuide.com - www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com -  

Higher mortgage rates should eventually result in improving Orange County housing markets and values.

Posted via email from Explore OC Homes

Huntington Beach Housing Market - Properties Now in Foreclosure Scheduled for Trustee Sale Auctions

332 Surf City ... Huntington Beach, CA ... homes are in default and scheduled for trustee sale after foreclosure.

I am surprised with this huge number of 332 homes.  This is part of shadow inventory of foreclosures at Huntington Beach, Orange County, CA.  

Here's a sample of such homes scheduled for trustee sale auctions:   

9142 Mediterranean Drive
Amount: $509,376.54
Sales date: Sept. 30
Time: 3 p.m.
Auction location: North front entrance to the Orange County
Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 800- 281-8219
TS#: 10-0062868 

8682 Parker Circle
Amount: $577,427.14
Sales date: Sept. 22
Time: 12 p.m.
Auction location: North front entrance to the Orange County
Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 714-730-2727
TS#: 20100015005396

9802 Hot Springs Drive
Amount: $693,177.23
Sales date: Sept. 29
Time: 10 a.m.
Auction location: Flagpoles at entrance to Civic Center, 401-411 E. Chapman Ave., Placentia
Information: 714-573-1965
TS#: CA1000200620

Source:  Public Records and ForeclosureRadar.com

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If you are a buyer and want a list of the HUNTINGTON BEACH homes scheduled for TRUSTEE SALE AUCTIONS after foreclosure, please email us at ExploreProperties@gmail.com.  

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BE CAREFUL WITH TRUSTEE SALE AUCTIONS AFTER FORECLOSURE.  These are tricky and risky situations for buyers.   Always use an experienced and qualified REALTOR® when thinking about and planning to buy a home or property at a trustee sale after foreclosure in California.  

See HUNTINGTON BEACH BANK OWNED REO AND PREFORECLOSURE PROPERTIES - click here for free active link.

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HUNTINGTON BEACH ... Surf City housing market ... single family homes now listed for sale - click here for free active link.

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Harrison K. Long @ Live At Orange County
"Helping People, Moving Forward, Developing Positive Relationships and Protecting Property Values"  - Business Solutions and Advisory, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747  -  CA DRE 01410855 -  www.CoastLivinghomes.com   -  www.OCHomeValueGuide.com - www.ExploreOCHomes.com  -  www.LiveAtOrangeCounty.com -  

Huntington Beach, CA, Housing Market - 332 Properties Now Moving Toward Foreclosure Auctions

Posted via email from Explore OC Homes

Newport Beach Homes and Housing Market Update with Average Selling Prices

NEWPORT BEACH at South Orange County, CA, housing market update shows stable or similar buyer activity for August 2010 as compared with last year. 

44 Newport Beach homes were sold during August, 2010.

Only 2 of those sold at Newport Beach homes were bank owned REOs after foreclosure.

And only 2 of those sold were short sales (less than 1% of market).

40 of the Newport Beach homes were standard equity sales.

If you guessed the average sold price for Newport Beach homes during August 2010 was $1,764,000, you were right.

See Newport Heights area home listings - click here for free active link.

See Big Canyon at Newport Beach homes now listed - click here for free active link

Newport Beach REALTORs and agents sold 47 homes during August 2009.   

So August 2010 was about the same in sales as August 2009.

With such high list prices, we didn't expect Newport Beach to experience a drop off after ending of homebuyer tax credits.

 

 

579 Newport Beach homes are now listed for sale, and average list price for those is $2,403,992.  Since the average sold price there is $1,764,000, the market favors buyers who have good choices.

See NEWPORT BEACH CONDO HOME FOR SALE LISTINGS - click here for free active link.

• 195 of the Newport Beach listed homes are attached condos, and the others are single family detached. 
• 10 Newport Beach homes now listed are bank owned REOs after foreclosure. 
• 46 of those Newport Beach homes now listed are short sales (an increasing percentage of this market).
• 140 Newport Beach homes now listed are at backup or pending.

See Harbor View area homes LISTED at Newport Beach - click here for free active link.

MARKET TIME at Newport Beach homes and housing - Based upon high listing prices at Newport Beach homes, current sale rate, it would theoretically take about 8.5 months for the market to sell all Newport Beach homes now listed.  This is one of the coolest markets with high prices at Orange County. 

See Balboa Peninsula home listings at Newport Beach - click here for free active link 

NEWPORT BEACH crushes as one of the most popular communities in Southern California for lifestyle, beach surf and sand, residential living and investment, with good places for having fun, work and employment centers, solid demand for housing, and continues to be sought after by people who want and need homes. 

See Balboa Island home listings at Newport Beach housing market - click here for free active link.

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Information source: Southern California Multiple Listing Service

If you have questions about Newport Beach homes and properties, please contact us.  Thank you.

Harrison K. Long @ Live At Orange County
"Helping People, Moving Forward, Developing Positive Relationships and Protecting Property Values"  Business Solutions, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 (telephone) - CA DRE 01410855

www.LiveAtNewportBeach.com

www.NewportCoastLive.com

www.LiveAtLagunaBeach.com

www.CoastLivingHomes.com 

www.OCHomeValueGuide.com

www.ExploreOCHomes.com 

www.LiveAtOrangeCounty.com 

www.LiveCoronaDelMar.com 

 

Newport Beach Homes and Housing Market Update with Selling Prices August 2010

Posted via email from Explore OC Homes

Mission Viejo at South OC Housing Market Update - August 2010 Sales Down

Mission Viejo at South Orange County, CA, is a master planned residential community, wanted by lots of folks for living places, with reasonable cost of housing, good neighborhoods, larger homes, for sale and lease, and has an active housing market. 

See MISSION VIEJO SINGLE FAMILY DETACHED HOME LISTINGS - click here for free link.

96 Mission Viejo homes were sold during August, 2010.

 

Average sold price was $486,714 for sold Mission Viejo homes.

16 of those sold at Mission Viejo were bank owned REOs after foreclosure.

20 of those sold at Mission Viejo were short sales (20.8% of market), and 60 were standard equity sales.

 

Mission Viejo REALTORs and agents sold 103 homes during August 2009. 

 

So August 2010 saw a 7.2% decrease of Mission Viejo homes sales, which we expected after elimination of homebuyer tax credits.  

430 Mission Viejo homes are now listed for sale. 

Average list price for those MV homes is $552k.

See MISSION VIEJO CONDO HOME FOR ALE LISTINGS - click here for free active link.

• 130 of those Mission Viejo homes are attached condos, and the other 300 are single family detached. 
• 20 Mission Viejo homes now listed are bank owned REOs after foreclosure (just 4.6% of the market). 
• 158 of those MV homes now listed are short sales (36.7% of market, which is high).

See MISSION VIEJO CENTRAL AREA HOMES LISTED FOR SALE - click here for free active link.

MARKET TIME - It would theoretically take about 4.5 months for the market to sell all Mission Viejo homes now on the market, which is balanced and not favoring buyers or sellers.

Mission Viejo is a healthy residential community, located near places of employment, with solid demand for housing, and continues to be sought after by people who want and need homes. 

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Information source: Southern California Multiple Listing Service

Harrison K. Long @ Live At Orange County
"Helping People, Moving Forward, Developing Positive Relationships and Protecting Property Values"  Business Solutions, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 - CA DRE 01410855 -  www.LiveAtIrvine.com - www.NewportCoastLive.com - www.CostaMesaLive.com - www.HarrisonKLong.com - www.LiveAtLagunaBeach.com - www.CoastLivingHomes.com - www.OCHomeValueGuide.com - www.ExploreTurtleRock.com - www.ExploreOCHomes.com  - www.ExploreRealEstate.net - www.LiveAtOrangeCounty.com - www.LiveAtNewportBeach.www  -www.LiveCoronaDelMar.com 

Posted via email from Explore OC Homes

Irvine Housing Market Update - Sales Numbers Reduced During August at South Orange County, CA

Irvine housing market at South OC had 12% fewer homes sold in August, 2010, as compared with sales in August, 2009.

Irvine had 169 homes sold in August 2010, including 119 standard equity sales, 18 bank owned REOs, and 32 short sales.

 

 

 

 

 

 

 

This compared with 192 Irvine homes sold during August 2009.

Short sales closed during August 2009 was about same as August 2010.

Home Sold Prices at Irvine remain strong.

During August 2009, the average Irvine sold price was $680,818.  During August 2010, the average sold price was $654,309, which was a decrease from prior year of 3.8%. 

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See IRVINE'S SINGLE FAMILY HOMES NOW FOR SALE - click here for free active link.

Irvine now has 863 homes listed for sale, which is about right for this time of year.

• 463 of those Irvine homes listed were condos, and 400 of those were single family detached.
• 192 of those listed were short sales.
• 34 of those listed homes were banked owned REO.
• 23 of those listed were in foreclosure and default on loans.
• 614 of those listed were equity sales.

See IRVINE'S CONDO HOMES NOW FOR SALE - click here for free active link.

MARKET TIME - Irvine has 863 homes now listed for sale, and 169 were sold in August 2010.  So it would theoretically take about 5 months to sell all Irvine homes now on the market.  Therefore, Irvine is a balanced housing market at this time not favoring buyers or sellers.  

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Harrison K. Long @ Live At Orange County

"Helping People, Moving Forward and Developing Positive Relationships" 
Business Solutions, REALTOR® and broker associate, Coldwell Banker Previews
949-854-7747 - CA DRE 01410855 - www.LiveAtIrvine.com - www.NewportCoastLive.com - www.LiveAtNewportBeach.com - www.LiveCoronadelMar.com - www.CostaMesaLive.com - www.HarrisonKLong.com - www.LiveAtLagunaBeach.com - www.CoastLivingHomes.com - www.OCHomeValueGuide.com - www.ExploreTurtleRock.com - www.ExploreOCHomes.com  - www.ExploreRealEstate.net - www.LiveAtOrangeCounty.com 

Posted via email from Explore OC Homes

Orange County Accepted Gift of 20,000 Acres of Protected Open Space Land from The Irvine Company

20,000 acres of protected open space land was donated this summer to Orange County, CA, by The Irvine Company for preservation and guided recreation. 

Largest single donation of land to the County in history, this Irvine Ranch Open Space gift increases Orange County Parks land by 50 percent to 60,000 acres.

Conservation efforts on this land will continue, and Orange County residents and visitors can access it through a variety of programs and activities.

The gifted land includes a large part of the Historic Irvine Ranch, now designated a Natural Landmark by both the State of California and the U.S. Department of Interior.

In 1897, James Irvine donated 60 acres for California's first regional park, now known as Irvine Regional Park.

Through this recent donation, the people of County will have better opportunities to visit and enjoy rugged canyons and scenic vistas, which is some of the remaining wild lands in the county.

This gift includes 1,988 acres that will become Black Star Canyon Wilderness Park, Orange County's newest wilderness park.

The protected wildlands of the Irvine Ranch Open Space are available for passive recreation through scheduled programs, hiking, mountain biking, equestrian rides, naturalist-guided tours and managed wilderness access days.

This 20,000-acre Irvine Ranch Open Space includes: 

• Gypsum Canyon - Acres: 1,787 - Trail Mileage: 2.1 
• Weir Canyon - (near Irvine Regional Park) - Acres: 2,850 - Trail Mileage: 9.0 
• Fremont Canyon - Acres: 7,391 - Trail Mileage: 22.8 
• Black Star Canyon - Acres: 1,988 - Trail Mileage: 15.3 
• Loma Ridge - Acres: 560 - Trail Mileage: 3.4 
• Limestone Canyon (near Santiago Canyon Road) - Acres: 5,308 - Trail Mileage: 24.7 
• Limestone Canyon (near Laguna Canyon Road) - Acres: 172 - Trail Mileage: 1.0

For information about the Irvine Ranch Open space, tour schedules, public programs and activities, check out the Orange County Parks web site or www.irlandmarks.org.

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Harrison K. Long @ Live At Orange County
Business Solutions, REALTOR® and broker associate, Coldwell Banker Previews
949-854-7747 - CA DRE 01410855 - www.LiveAtIrvine.com - www.NewportCoastLive.com - www.LiveAtNewportBeach.com - www.LiveCoronadelMar.com - www.CostaMesaLive.com - www.HarrisonKLong.com - www.LiveAtLagunaBeach.com - www.CoastLivingHomes.com - www.OCHomeValueGuide.com - www.ExploreTurtleRock.com - www.ExploreOCHomes.com  - www.ExploreRealEstate.net - www.LiveAtOrangeCounty.com 

Posted via email from Explore OC Homes

Corona del Mar - Housing Market Update at South Orange County, California

                        

Corona del Mar at South Orange County housing market update - CDM 92625 had best at Orange County housing market zip code ranking for 2nd quarter this year.  

 

 

 

The Orange County Register and Jon Lansner reported on September 2, 20120, about the OC 83 zip codes for the housing market.

 

Corona del Mar village is an ocean oriented community, north of Laguna Beach, and is one of the most popular areas in Orange County.

 

This zip ranking system shows strength and weakness of home buying in Orange County neighborhoods and looks at 3 key market performance benchmarks: (1) home sold prices, (2) home sales momentum as year-over-year change, and (3) housing foreclosure density (per homes in neighborhood). 

For the 2nd quarter 2010, Corona del Mar 92625 was the top performer of 83 major Orange County ZIP code rankings.  The Corona del Mar housing market shows it was third for sales momentum (up 130 percent in a year), fifth for foreclosure frequency (1 per 1,000 residences), and sixth in OC for pricing momentum (median selling price up 37 percent in a year). 

The Corona del Mar housing market is rebounding after slow selling times during 2008 and 2009. 

See Corona del Mar single family homes for sale listings - click here for active link.

Home Sellers got more realistic at Corona del Mar this time around during the 2nd quarter 2010, and the local housing market has improved.

See Corona del Mar south side home for sale listings - click here for active link. 

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Harrison K. Long @ Live At Orange County
Business Solutions, REALTOR® and broker associate, Coldwell Banker Previews
949-854-7747 - CA DRE 01410855 - www.LiveAtIrvine.com - www.NewportCoastLive.com - www.LiveAtNewportBeach.com - www.LiveCoronadelMar.com - www.CostaMesaLive.com - www.HarrisonKLong.com - www.LiveAtLagunaBeach.com - www.CoastLivingHomes.com - www.OCHomeValueGuide.com - www.ExploreTurtleRock.com - www.ExploreOCHomes.com  - www.ExploreRealEstate.net - www.LiveAtOrangeCounty.com 

See Corona del Mar condo home for sale listings - click here for active link.

Posted via email from Explore OC Homes