What Newport Coast CA Real Estate Sellers Can Expect for 2012

 

Newport Coast CA is a luxury residential community - part of Newport Beach and south Orange County - where many owners and residents have large homes and Pacific ocean views.

Newport Coast CA property sellers can expect some of the same local real estate trends next year 2012. 

194 Newport Coast homes sold this year during 2011 - with average sold price of $2,147,622.

146 of those homes sold were single family residences, and others were condo homes.

Average time on market for sold homes this year was 122 days.

Average sold price this year during 2011 at Newport Coast homes was $2 million less than current average owner listing price.

Newport Coast property owners who want to sell for more than $2.5 million need to be careful about pricing and can expect a lengthy market time.  

There are 98 Newport Coast homes now listed for sale - with average asking price of $4,530,700.

 

Crystal Cove, Newport Coast home - $2,999,000

4 bedrooms and 5 baths - MLS# S677474 - IDX link       

 

See ACTIVE LINK TO ALL NEWPORT COAST CA SINGLE FAMILY HOMES NOW LISTED for sale.

 

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Source of some information is CRMLS and does not include that for new homes for sale or sold, those sold at trustee auctions after foreclosure, and does include those listed and sold by all agents and brokers. 

Professional REALTOR® agent representation and help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Home Mortgage Loan Rates Continue at Record Lows

 

Mortgage loan rates reached new all-time lows last week and moved home buyer affordability even higher.

Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year.  So home buyers are now paying over $1,200 less per year on a $200,000 loan.

Mortgage rates for week ending December 22, 2011:

• 30 year fixed rates averaged 3.91 percent, with an average 0.7 point, which beat prior week’s 3.94 percent record.  A year ago at this time, 30-year fixed rates averaged 4.81 percent. 
• 15 year fixed-rate mortgages averaged 3.21 percent, with an average 0.8 point, matching last week’s all-time low.  Last year at this time, the 15-year mortgage averaged 4.15 percent.
• 5-year adjustable-rate mortgages averaged 2.85 percent this week, with average 0.6 point, a new record after dropping from last week’s 2.86 percent average.  Last year at this time, 5-year ARMs averaged 3.75 percent.
• 1-year ARMs averaged 2.77 percent this week, with an average 0.6 point, also a new record after falling from last week’s 2.81 percent average.  A year ago at this time, the 1-year ARMs averaged 3.40 percent.

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Source of information is REALTOR magazine, December 23, 2011.  This is not the providing of lending, tax or legal services.  You should contact an experienced mortgage loan broker in your area to find out about the best purchase money loan for your situation.

Professional REALTOR® agent and broker representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Shady Canyon at Irvine CA Real Estate - December 2011 Update

 

Shady Canyon at Irvine CA Real Estate has some of the most expensive and dramatic luxury homes at Orange County.

 

25 Shady Canyon at Irvine homes have resold so far this year (up to 12/28/2011) - average sold price was $3,603,757.

 

The Irvine Company originally built and sold 400 exclusive homes and lots for buyer custom homes between 2003 and 2009.

 

Shady Canyon now has 18 homes listed for resale on the Irvine CA real estate market.   

 

Shady Canyon custom home - $10,999,980 - 7 bedrooms and 13 Baths - large size estate home - MLS# U11004294 - IDX link  

 

 

 

Click here to see active link to SHADY CANYON - at Irvine CA - homes now listed for sale.

Average size of Shady Canyon homes is 6,600 SF interior

Shady Canyon at Irvine CA Real Estate

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Professional REALTOR® agent representation and help for sellers of property, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

  

This information is from CRMLS and also an IDX link, is for homes listed for resale, does not include new homes from builders, and includes those listed and sold by all agents and brokers.

Please contact us about listing and sale of SHADY CANYON and Irvine CA real estate.

Posted via email from Explore OC Homes

Buyers Should Like Orange County CA Real Estate Value Opportunities for 2012

 

With strong rents being paid by tenants and moderated home selling prices, buyers and investors are expected to like Orange County CA home and value opportunities for 2012.

During 2011 (so far as of December 28, 2011) - 25,790 Orange County homes have been resold (according to records of the CRMLS) - average sold price of $524,062.

• Number of Orange County CA homes sold is down 37.2 percent this year as compared to peak year 2005
• Average sold price for 2011 is down 31.7% from peak year during 2007 

During 2010 - 27,348 Orange County homes were resold - average sold price at $547,404.

During 2009 - 28,285 Orange County homes resold - average sold price at $508,231. 

During 2008 - 24,591 Orange County homes resold - average sold price at $567,409

During 2007 - 20,621 Orange County homes resold - average sold price at $767,594

• 2007 was peak year for home selling prices. 

During 2006 - 28,509 Orange County homes were resold - average sold price at $748,421 

During 2005 - 41,078 Orange County homes were resold - average sold price at $691,940 

• 2005 was peak year for number of Orange County home resales

This looks like the edge of good news for Orange County CA home and property buyers.

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This is information from CRMLS, is for information only, and does not include that for new homes from the builder or those sold at trustee auctions after foreclosure, and it includes properties sold by all agents and brokers.

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – serving as a director at the Orange County Association of REALTORs® - also an attorney member of the California State Bar Association #69137 

Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA 

Posted via email from Explore OC Homes

Laguna Beach Homes for Lease at Orange County CA Real Estate

Laguna Beach has 154 single family homes now listed for lease at Orange County CA real estate.

Home for lease - $3,500 per month

31942 SUNSET Avenue - Laguna Beach, CA 92651 - 2 bedroom and 2 baths

 

Click here to see active link to all LAGUNA BEACH CA single family homes now listed for lease.

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Some of this information is from CRMLS, does not include that for new homes, is for lease of homes listed and those for sale and sold by all agents and brokers.

Please contact us about listing and lease of Laguna Beach and Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Newport Beach CA Real Estate Market Update - December 2011

Newport Beach CA is a famous Orange County ocean and beach, surf and sand, harbor, and back bay oriented residential and thriving commercial city.

Newport had 43  homes resold this year during November 2011 - average sold price of $1,450,658.

Newport Beach had 51 homes resold last year during November 2010 - with average sold price of $1,171,427.

So the number of Newport Beach at Orange County CA homes resold this year during November 2011 was down from last year while the average sold price was up.

Newport Beach has 436 homes now listed for sale - with average asking price at $2,492,225.

See Bayshores homes at Newport Beach now listed for sale.

See Eastbluff homes at Newport Beach now listed.

See Lido Island at Newport homes now listed.

See Newport Heights homes now listed for resale.

 

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Some of this information is from CRMLS, does not include that for new homes, is for resale of homes listed and those for sale and sold by all agents and brokers.

 

Please contact us about listing and sale at Newport Beach and Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Turtle Rock Homes at Irvine CA Real Estate - December Update

 

Turtle Rock Village is one of the most popular areas for homes and property buying at Irvine CA. 

 

 

 

Turtle Rock at Irvine is one of the most sought after areas for homes at Orange County and has excellent property opportunities. 

 

 

 

Click here to see active link to single family detached Turtle Rock area homes now listed.    

 

 

Crest custom home at Turtle Rock with views - $2,189,000 - 5 bedrooms and 5 baths - MLS# S673451 - IDX link

 

 36 detached Turtle Rock area homes at Irvine have sold so far this year 2011 - with average sold price of $1,135,529. 

 

 Click here to see active condo and attached homes now listed at Turtle Rock.

Contact experienced Turtle Rock at Irvine CA REALTORs® and Real Estate professionals. 

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Source is CRMLS and idx listings and is for information only about resale of homes and does not include that for new homes or those sold at trustee auction sales after foreclosure.

Contact us at 949-854-7747 about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Is Your Rental Home in Foreclosure?

There are 11,651 homes and properties now in some stage of foreclosure at Orange County, CA.

Is your rental property in foreclosure?

More “accidental” landlords are surfacing as home owners turn their underwater homes into rentals to try to come up with some extra cash. But some of these accidental landlords are still unable to keep up with their mortgage payments and may become delinquent on their mortgage.

So what’s this mean for the person renting their property?

Some renters may suddenly be served with an eviction notice when they discover the property they are renting is being foreclosed upon, and only having days to vacate.

One new web site, CheckYourLandlord.com, allows renters to check rental properties in the U.S. to see if there are any notices of default filed against the property.

Renters ... or real estate professionals who represent them ... can check with the county recorder’s office to see status of a property.

It might easier to check with Foreclosureradar.com to find out information about possible foreclosure on your rental.

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Source of information is REALTOR magazine and ForeclosureRadar.com - This is for information only and not the providing of legal or tax services.

Please contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Newport Beach's Christmas Annual Boat Parade - December 2011

 

Newport's annual Christmas Boat Parade is scheduled to start on December 14 this year.

Newport Beach is famous for its emerald green and blue Pacific ocean waters, surfing and sand, sunsets, beaches and harbor, kayaking, sailing, fishing from the piers, beach volleyball, great restaurants, people watching and fun.

During December Newport Beach residents and business owners are decorating their homes, businesses and boats.

Newport Beach will celebrate the 103rd Annual Christmas Boat Parade, December 14 to 18 - themed “Feelin’ Christmas-sea,”

The event is presented by the Commodores Club of the Newport Beach Chamber of Commerce. 

 

For more than 100 years Newport Beach’s Christmas Boat Parade has provided fun experience for spectators and residents - with about 200 decorated vessels - yachts to canoes, through Newport Harbor.  This boat parade is the oldest of its kind in the US and attracts a huge number of spectators. 

The parade will start at 6:30 p.m. each night, so prepare for cold weather, parking issues this year and keep yourself warm and at a good location for viewing.

For more information, see http://www.christmasboatparade.com where you can download a map of the parade route.

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www.LiveAtNewportbeach.com

www.NewportCoastLive.com

www.LiveAtOrangeCounty.com

www.ExploreTheOC.com

www.LiveAtLagunaBeach.com 

Posted via email from Explore OC Homes

New CA Law to Protect an Owner's Right to Rent Out a Condo Home

 

Some California homeowner associations have been changing governing documents to stop condo owners from renting out their units.

New California law (CA Senate bill 150) protects an owners right to rent out their units in common interest developments starting on January 1, 2012.

An owner in a California common interest development is exempt from any prohibition in a governing document against renting or leasing the unit, unless that prohibition was in effect before the owner acquired title the unit.

In other words - a condo association in California cannot change its private law and stop an owner of a unit from renting it out (as long as the private law change became effective after the owner's purchase).

When renting out a unit, the owner must give the HOA verification of the owners acquisition date, and name and contact information of the prospective tenant.

An owner right to rent under this law does not terminate for certain transfers of title, including, but not limited to, probate, spousal, parent-to-child, adding a joint tenant, and other transfers exempt from property tax reassessment.

For sale transactions, the required HOA disclosures must include a statement describing any prohibition in the governing documents against renting or leasing.  This new law does not apply to rental prohibitions in HOA governing rules in effect before 2012. 

Click here to see complete text of this new law – CA SB 150

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This is for information only and not the providing of legal or tax services.  If you are an owner of a unit or home at a CA common interest development, you should consult with a real estate attorney about your right to rent out the unit.

 

Please contact us at 949-854-7747 about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

What Mortgage Broker Fees Are Legitimate

 

Mortgage brokers are usually paid their commission and fees at closing.

Such mortgage broker commissions are based upon their being able to find the buyer a loan, process the loan application, serve as liaison between you and the lender, and to safely handle the mortgage from application through the closing.   A mortgage broker's commission is generally called an "origination fee."  

Mortgage broker processing staff and other expenses are also paid at closing and can have various labels, such as processing fee, document fee, recording fee and others.  

Legitimate fees charged by mortgage brokers to cover their expenses can include:

• Appraisal fee - Most lenders collect this fee in advance, after you are approved for a loan and get into contract on a house (before your transaction closes).
• Application fee - Some  lenders charge an application fee, and others ask applicants to pay advance credit report fees. 
• Rate-lock extension fee - Some mortgage brokers charge such fees of one percent of loan amount if after application the interest rate needs to be guaranteed for a long period of time.   
• Other miscellaneous fees - to be clarified with specifics in the HUD estimated closing statement.

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Source of some information here is an article by Tara-Nicholle Nelson at ReThinkRealEstate.com.  This is not the providing of legal or tax services.  If you have questions about any proposed mortgage brokers commission and fees, you should consult with a real estate attorney in your area.

Please contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes

Single Level Homes Selling at Irvine CA Real Estate

As a possible sign of the times and home buyer demand, single level detached homes have continued to sell well at Irvine CA real estate.

161 Irvine CA single level homes have sold so far this year (as of 12/6/2011) - with average sold price of $701,730 - average time on market for these homes at 71 days

 

8.5 percent of all 1,876 Irvine homes sold so far this year (average Irvine sold price of $640,936) have been single level detached. 

162 Irvine single level homes sold during the same time during 2010 - with average sold price of $752,558 - average time on market of 72 days.

1,916 Irvine homes of all shapes and designs were sold during same time last year (1/1/2010 to 12/6/2010) - with average sold price of $671,853. 

 

 

Turtle Rock Broadmoor single level home - $949,500 - 4 bedrooms and 3 baths - MLS# S677826 - IDX link

 

 

 

Click here to see active link to Irvine single level detached homes now listed for sale.

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Contact us with your questions and for more information about single level homes and Irvine CA real estate.  

Some of this information is from CRMLS, does not include that for new homes, is for resale of homes listed and sold by all agents and brokers.

Please contact us about listing and sale of Irvine CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA  

Posted via email from Explore OC Homes

Irvine Terrace Homes at Corona del Mar CA Real Estate

 

Irvine Terrace homes at Corona del Mar CA real estate have been popular with Orange County buyers, especially so during the past ten years when many properties were improved with partial or complete renovations.  

Most Irvine Terrace homes have amazing Newport Harbor and Pacific Ocean views. 

$2,249,000 - Harbor and ocean view home - 4 bedrooms and 4 baths

MLS# U11002143 - IDX link   

Click here to see active and updated link to all IRVINE TERRACE homes at CORONA DEL MAR listed for sale.

20 Irvine Terrace homes have sold so far this year 2011 - with average sold price this year at $2,481,225 

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Some of this information is from CRMLS, does not include that for new homes, is for resale of homes listed and sold by all agents and brokers.

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137

Please contact us about listing and sale of Irvine Terrace and Homes at Corona del Mar CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes