Condominium Residential Living at Newport Coast CA Real Estate

Newport Coast CA real estate is located south of Corona del Mar and north of Laguna Beach and offers some of the most spectacular homes in Orange County and Southern California - some with ocean views - all located within about three miles of Crystal Cove State Beach. 

People like Newport Coast condominium homes - which are dramatic and more affordable as compared with the luxury estates for billionaires - and with decreased demand for yards and landscaping.

28 Newport Coast CA condominium homes have resold so far this year 2012 - with average resold price of $1,050,596 - and average time on market of 113 days. 

6 Newport Coast condominium homes are now in backup or pending status on the MLS - with average asking price of $987,362.

 

Ziani at Newport Coast - Tuscan style home on San Prieto - listed at $958,000 - 3 bedrooms and 4 baths - 2205 sf interior - active for sale - MLS# S700885 - IDX link 

 

 

Crystal Cove ocean views at Newport Coast - Santa Barbara style home - listed at $2,079,000 - 4 bedrooms and 4 baths - 2849 sf interior - active for sale - MLS# U12000513 - IDX link

 

 

 6 Newport Coast condominium homes are now listed as active for sale - some with ocean views - and average list price is $1,410,000.

 

 

See NEWPORT COAST CA condominium home listings - click here

 

 

CONTACT US HERE for more information about selling, buying or leasing Newport Coast CA condominium homes and properties. 

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Source of information is CRMLS and IDX links - and includes homes for sale and sold by all brokers and agents.

Contact us about listing and sale of property at Newport Coast 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

Income Tax Benefits for Home Owners When Selling

According to U.S. income tax law, home owners have a possible capital gains exclusion from income tax on the sale of their "main home" - and can protect the gain on if they have lived at the "main home" for 2 out of the past 5 years.

 When a taxpayer has owned and used the property as their main home for at least two years out of a five-year period right before the sale, they may be able to exclude up to $250,000 of capital gain (up to $500,000 if married filing a joint tax return).   

Each person's unique set of circumstances and facts applied to the tax rules will generally determine whether he/she is entitled to claim the capital gain exclusion on the sale of the "main home".    

IRS Publication 523, Selling Your Home - is an excellent resource and provides the rules, examples and worksheets for clarity. 

Your "main home" for income tax purposes could be your house, houseboat, mobile home, cooperative apartment or condominium.
   
This capital gains exclusion applies only to the sale of your "main home"  - Publication 523 explains rules that apply to a "main home", including:

• determining a "main home" when a seller has more than one home
• details on excluding the gain
• possible reduced maximum gain exclusion
• business and rental use of the home
• taxable depreciation during rental period for the home

Be careful with this.  If you are home or property seller, you should contact an income tax professional to determine whether you are eligible to protect your gain on sale of your "main home" and property. 

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This is for information only and is not the providing of legal or tax services.  Source of information is IRS Publication 523, Selling Your Home. 

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

Top Things for Underwater Homeowners to Consider When Their Equity is Gone

Some home owners have recently seen their equity disappear from decreased value - and some completely wiped out (where loan and lien amounts are more than property value).

Here are top things for underwater home owners to consider:

1.   Don't wait too long. Rebound from this down housing market is expected to be slow and takes lots of time.

2.   Your local market will determine value. Location of your property will determine how soon the market will recover and whether you will regain equity.

3.   Be realistic. True value of your home is what it's worth on the market now - now what you paid for it.

4.   Know facts about your negative equity. You need to know the facts and understand your legal status of possibly being under water on your mortgage.

5.   Look at your finances.  Mortgage rates are now down to historic low levels.   If you have good credit, you can possibly buy and lock in a 30-year fixed rate loan for less than four percent.

6.   Don't miss life experiences.   People with no equity in their homes who wait for better days - will probably miss out on life experiences while they struggle to hang on to something possible not attainable.

7.   Sell today and buy tomorrow in the same market.   When you sell in this low-price home value and selling market, you should gain it back while buying in the same market.

If you are underwater on your mortgage relative to home value at Orange County CA, contact us at 949-854-7747 for an appointment to discuss your options.

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Source of some information is "Home Prices Hitting Bottom. Now, the Bad News" - Wall Street Journal, July 15, 2012

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

Investor Buyers Jumped on Bargains at Costa Mesa CA Homes and Real Estate

Costa Mesa CA home and real estate investor buyers have been busy jumping on bargains this year - buying 413 homes so far as of July 25, 2012 - with closed escrows as indicated by the CRMLS.

Costa Mesa CA homes now listed have average asking price of $692k - which is one of the hottest selling price categories at Orange County CA.

East Costa Mesa home - asking is $849,000 - 4 bedrooms and 2 baths - 2000 interior - now backup offers - MLS# U12002262 - IDX link

Investor buyers at Costa Mesa CA have had cash situations and also taken advantage of excellent home purchase money mortgage rates - with declining average home sold prices since peak of 2006.

2006 - $738,194 average Costa Mesa sold price - the peak

2011 - $496,042 average sold price

2012 so far - $472,967 average Costa Mesa sold price

That's a drop in average Costa Mesa sold price of 35.9 percent from the peak during 2006.

Current average Costa Mesa interior selling price is $295 per square foot - which is very low and at investor range.

Costa Mesa has been hot with buyers during 2012 with 59 homes average sold per month - Market time is less than two months - that time it what it would theoretically take to sell all Costa Mesa homes now for sale.

Good COSTA MESA properties are still listed.

 

Costa Mesa home - $725,000 - 2 bedrooms and 2 baths - near SA country club - 1845 sf interior - active - MLS# P826786 - IDX link

See Costa Mesa detached SFR homes listed

See Costa Mesa condo homes listed

See East Costa SFR homes listed

 

 

 CONTACT US about COSTA MESA CA homes and real estate.

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Source of some information is Steven Thomas at ReportsOnHousing.com and CRMLS.

 

Contact us about listing and sale of Costa Mesa 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 Ridge at Irvine CA Real Estate Market Update

Turtle Ridge Irvine CA Real Estate Market update - July 23, 2012

The following statistics are for transactions for Turtle Ridge at Irvine CA real estate for the time from July 1 to July 23, 2012.

28 active current Turtle Ridge Irvine listings - including SFR and condo homes - as of July 23, 2012

Turtle Ridge home - gated community - listed at $3,100,000 - 5 bedrooms and 6 baths -

6070 sf interior - Active -

MLS# S675485 - IDX link

Average Turtle Ridge Irvine listing price at this time - $1,814,286

Average time on market for active listings - 81 days

Short sale active listings - 3 homes

REO bank owned active listings - none

Backup or pending sales on MLS - 10 homes

10 Turtle Ridge Irvine homes sold so far during July 2012 - with average sold price of $1,793,700.

There has been good buyer demand for Turtle Ridge Irvine homes recently - especially for those under average selling price.

It's interesting that the average sold price this month is almost the same at Turtle Ridge Irvine as the average home for sale listed price.

If you want to search the MLS the same way we do for Turtle Ridge Irvine properties, let me know by email - ExploreProperties@gmail.com.

Contact us about Turtle Ridge at Irvine CA homes and real estate.

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Source of some information is CRMLS and IDX link.

 

Contact us about listing and sale of 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

Newport Beach CA Real Estate with Sold Numbers and Price Gains for June 2012

Newport Beach CA had homes sold and price gains at major ZIP areas 92660 and 92663 - for June 2012.

Newport Beach 92660

• 67 homes were sold during June 2012 - which is up 45.7% as compared with last year June 2011.
• Median sold price of $1,225,000 - which is up 22% as compared with last year
• 90 days average time on market for these sold Newport Beach homes

Dover Shores home at Newport Beach 92660 - listed at $2,900,000 - 4 bedrooms and 6 baths - 5748 sf interior - MLS# U12001994 - IDX link

Newport Beach 92663

• 41 homes were sold during June 2012 - which is up 95.2% as compared with last year June 2011
• Median sold price of $907,500, which is up 37.4% from last year
• Average time on market of 126 days for these Newport Beach sold homes

Newport Heights estate home - at Newport Beach 92663 - listed at $2,250,000 - 5 bedrooms and 6 baths - 4400 sf interior - MLS# P816266 - IDX link

Please contact us for a free property valuation at Newport Beach - and about listing and selling of Newport Beach CA homes and properties.

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Source of information is OCRegister.com and CRMLS.

Contact us about listing and sale of 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

Trustee Sale Auctions After Foreclosure Scheduled at Irvine CA Real Estate

Irvine CA real estate has been a hotbed for active investors who want to buy foreclosure homes and properties - at both trustee auctions after non-judicial foreclosures - and when properties are listed again as REOs on the MLS.

Number of Irvine properties in the foreclosure process has declined during the past month and year.  Lots of qualified investor buyers for these properties are waiting for them to clear through the process and be available for purchase.

 Irvine CA real estate Zip areas with homes now scheduled for such trustee sale auctions after non-judicial foreclosure. 

Irvine - 92602 - 38 properties

Irvine - 92603 - 60 properties

Irvine - 92604 - 57 properties

Irvine - 92606 - 27 properties

Irvine - 92612 - 37 properties 

Irvine - 92614 - 37 properties

Irvine - 92618 - 21 properties

Irvine - 92620- 76 properties

Irvine - all Zip areas - 353 properties

Many of these trustee auctions after non-judicial foreclosure are expected to be postponed one or more times - while lenders are determining whether owners qualify for alternative loan mods or whether lenders have the correct documents and information to complete foreclosure.

Although some of these Irvine CA properties are homes where people have tried to make payments, many others are with no payments to lenders being made.  Lenders are waiting to complete the foreclosure process - while some properties are being listed as SHORT SALES by owners who want to avoid foreclosure.

If you are an Irvine or Orange County CA distressed property owner, CONTACT US for information about theshort sale and avoiding foreclosure process.  

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Source of information is ForeclosureRadar.com

This is for information only and is not the providing of professional legal or tax services.  For questions about your own foreclosure property or legal situation, contact an experienced real estate attorney.

Contact us about listing and sale of Irvine 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

Short Sale Deadlines and Pressured Escrows From Now Until End of 2012

 

If your home has mortgage debt and liens larger than the property value, you are underwater.  An if you are underwater on your home mortgage, now is the time for you to take action and do a short sale.

U.S. Mortgage Debt Forgiveness Act of 2007 - tax relief law - allowing homeowners to exclude from income certain debts that have been forgiven by the lender - is set to expire December 31, 2012.

That's important for you, because it can take up to 6 months to receive short sale approval and close a short sale escrow. 

After this tax relief law expires December 31, 2012, you as seller in  a short sale must report to IRS the debt relief received from the short sale lender as income on their federal tax returns.

This tax break has not yet been extended, so time is of the essence for you as short sale seller.

Escrows in California look at and have pressure to resolve lots of issues when processing a short sale:

• Written and signed purchase agreement detail
• Short Sale Addendum to the Purchase Contract
• Real estate commissions
• Written Short Sale Approval Letter from lenders/lienholders
• Sales Price and Proceeds amounts must match what is stated on Short Sale Approval letter.
• If proceeds to lender, must confirm receipt amount stated on the Short Sale Approval letter
• Escrow must close within stated time frame or extension on updated Short Sale Approval letter  
• Possible cost of Short Sale Negotiator Fees, Home Warranty, Repair and retrofit, termite and wood repair, inspection fees 
• Delinquent property taxes and liens
• HOA fees and delinquency liens
• Possible resubmission to short sale lender for a revised approval letter might be needed and would cause delays.
• County property transfer tax and fees 
• Escrow, document preparation fees and closing costs - Confirm agreement by lender/lienholder in short sale approval letter

In order to get relief under the U.S. Mortgage Debt Forgiveness and Debt Relief Cancellation law of 2007, you as owner must list, sell your home and close escrow prior to December 31, 2012.

If you are under water on your California home and want to sell, now is the time.  Contact and hire an experienced Realtor and get it going for the short listing and sale.  

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This is for information only and is not the providing of professional legal or tax services.  For questions about your rights and responsibilities under the U.S. Mortgage Debt Forgiveness and Debt Relief Cancellation law of 2007 - contact a real estate attorney.  

 

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 CA Real Estate Update - Ocean Oriented and Pricey Properties

Newport Beach CA home selling is like other areas with pricey properties - market time slower for selling than other less expensive cities.

Newport Beach has average selling price of almost $1.4 million for homes - and market time is about 5.6 months to theoretically sell entire inventory of listings at the current buying pace - which is more balanced and quicker pace than last year when it was about 11.2 months.

Newport Beach now has 402 residences listed for sale - with average asking price of $2,582,000

95 Newport Beach homes were sold this year during June 2012 - with average sold price of $1,396,708 - and average market time for sold homes at 105 days.

72 Newport Beach homes sold last year during June 2011 - with average sold price of $1,380,161 - and average market time of 111 days.

Balboa Peninsula home - asking $1,595,000 - Newport Beach, CA, 92661 - 4 bedrooms and 3 baths - MLS #U11004039 - IDX link

See BALBOA PENINSULA home listings

Newport Beach - Balboa Peninsula home - asking $3,400,000 - Active - MLS# U12001243 - IDX link

Balboa Peninsula home - asking $7,800,000 - Newport Beach - 5 bedrooms and 5 baths - MLS# U12000866 - IDX link

See LIDO ISLAND Listings

See NEWPORT HEIGHTS listings

See EASTBLUFF SFR listings

See BIG CANYON property listings

See BALBOA ISLAND listings

See HARBOR RIDGE listings

Contact us about listing and sale of Newport Beach and Orange County CA homes and real estate.

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Source of some information is CRMLS and ReportsOnHousing.com.

 

Contact us about listing and sale of 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

East Costa Mesa CA Homes and Real Estate Update

East Costa Mesa CA is a popular area for residential living and investment - originally developed in the early 1950s with commercial areas near 17th Street and Westcliff Drive.

People are attracted to East Costa Mesa at least in part because of close proximity to Newport Beach and its harbor and Back Bay with boating and kayaking.

ECM was first built with mostly single level homes, and many of those homes have been remodeled.

Residential and commercial areas were gentrified - East Costa Mesa has many homes that were completely rebuilt or partially remodeled during the past ten years.

EAST COSTA MESA now has 41 homes listed for sale - with average asking price of $819,494.

EAST COSTA MESA SFR listings - click here.

East Costa Mesa - custom home - $1,245,000 - 3 bedrooms and 3 baths - 2960 sf interior - built in 2006 -

MLS# U12002098 - IDX link

East Costa Mesa - $999,000 -ranch style home - 3 bedrooms and 2 baths -

MLS# L38268 - IDX link

EAST COSTA MESA condo listings - click here.

104 East Costa Mesa CA homes were sold this year so far - as of July 12, 2012 - with average sold price of $585,773.

That's more than 17 homes sold per month on average at East Costa Mesa - so market time to theoreticalloy sell all listed homes is about 2.4 months - a short time and probably balanced in favor of sellers.

22 of those sold ECM homes were short sales - which is 21 percent of the market. 

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Source of some information is CRMLS, does not include FSBOs, trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.

Contact us about listing and sale of Costa Mesa 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

Irvine CA Real Estate Update - Solid Sales Numbers

Irvine CA is sought after by home and property buyers - for residential living and investment.

Irvine has good employment opportunities in engineering, business, software, wireless communications, pharmaceuticals, medical devices, medical care and education.

Irvine home owners and residents enjoy some of the best weather anywhere.

People at Irvine who focus on education as priority for their kids find award winning public schools to be at the top of their list.

 

238 Irvine homes were sold during June 2012 - with average sold price of $656,058 - and average time on market at 85 days for sold homes.

21 of the sold Irvine homes were REO lender owned after foreclosure - which is 8.8 percent of sold market.

44 of the sold Irvine homes were short sales - which is 18.4 percent of sold market.

224 Irvine homes sold last year during June 2011 - with average sold price of $647,173.

So sold prices and sales were stable this year as compared with last June 2011.

Irvine now has 418 homes listed for sale.

 

Click here to see Irvine SFR detached homes now listed.

Click here to see Irvine condo homes now listed.

 

280 Irvine homes are now listed as in backup or pending status on the MLS - many of these are short sales where it takes a long time from listing to closing of sale.

Irvine CA real estate continues to have excellent homes and properties listed for sale.

Northwood Village Irvine listings

Shady Canyon Irvine listings

Woodbridge Village Irvine SFR listings

14 Buckhorn - Woodbridge Irvine home - $1,098,000 - 5 bedrooms and 5 baths - back up offers - 3404 sf interior - MLS# S701194 - IDX link

Turtle Rock Irvine SFR listings

Quail Hill Irvine SFR listings

University Park Irvine listings

Woodbury Irvine SFR listings

Turtle Ridge SFR Listings

Northpark Irvine SFR listings

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Source of information is CRMLS and IDX links and includes listings and sales by all brokers and agents.

Contact us about listing and sale of Irvine and Orange County coastal 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 at Irvine CA Real Estate Update - on U.S. Independence Day 2012

Turtle Rock Irvine CA homes homes and real estate

 

 

Turtle Rock is a community with about 3,330 privately owned homes at Irvine, CA

This popular area at Irvine has best of public schools, some of the greatest weather anywhere, is located near the University of California at Irvine campus - with diverse population - and has lots of parks and biking trails for fun and recreation.

 

TURTLE ROCK IRVINE – single family home listings

 

Turtle Rock Highlands home - $1,575,000 - 5 bedrooms and 4 baths - 3142 sf interior - Active for sale - MLS# S694528 - IDX link

33 Turtle Rock home sare listed for sale now - with average asking price of $957,118.

59 Turtle Rock Irvine homes have sold so far this year (through June 30, 2012) - with average sold price of $1,188,569.

With current inventory of Turtle Rock homes for sale, average time on market to theoretically sell all properties listed would be about 3.5 months - short time probably favors sellers.

Contact Us – at 949-854-7747 – about listing and sale of Turtle Rock at Irvine CA homes and real estate.

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

Professional REALTOR® agent 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 Turtle Rock Irvine and Orange County CA real estate

Posted via email from Explore OC Homes