April 2010

Coto de Caza Real Estate - Short Sale Market Update

Wednesday, April 28th, 2010 at 6:44pm. 176 Views, 0 Comments.

Ever wonder why it takes so long to get an offer to buy one of the short sale homes for sale in Coto de Caza approved? The truth may be very different than what you might think.

It would seem since Orange County home values are down up to 40% in some neighborhoods and thousands of homeowners owe more than their home is currently worth that it is in everyone's best interest to approve a short sale. Especially when Mortgage Bankers Association statistics show that a foreclosure typically costs the lender 30 percent more than a short sale.
As any Coto de Caza Realtor or home buyer who has tried to close a short sale offer will tell you, closing a short sale can be a very long and complicated process.
In July of last year, Bank of America claimed it was going…

Orange County Housing Report: This Market is Taxing

Sunday, April 18th, 2010 at 8:05pm. 190 Views, 0 Comments.

Here's the latest Orange County Housing Report from Steven Thomas of Altera Real Estate!

(Note: Market Activity Charts appear below the text.)

April 15, 2010

Talk to an Orange County buyer, especially a first time home buyer, and you will quickly find that the real estate market is simply crazy. 

Let’s first establish that there are two different markets, below $1 million, HOT, and above $1 million, COLD.  The below $1 million market accounts for 77% of the total active inventory and 94% of demand.  The lower the range, the hotter the market.  Most buyers new to the market have already formed an incorrect idea of the real estate market.  They think that the market is plagued with desperate sellers waiting for a buyer to finally write an offer to…

The Real Houses of Coto de Caza - April 2010 Market Update

Thursday, April 15th, 2010 at 8:13pm. 310 Views, 0 Comments.

This short video on the current Coto de Caza Real Estate Market will give you an update on how the three Coto home sales segments are moving. 

The story on homes for sale in Coto de Caza is that there are really three segments of the market - homes priced under $1 Million, homes priced between $1 Million and $2 Million, and everything over $2,000,000.00.  Let me break this down for you by each one of these specific segments.

Coto de Caza homes for Sale under $1,000,000.00

The homes in Coto de Caza prices under $1,000,000.00 are actually doing quite well in the current market.  There are 44 homes in Coto today available for you to buy that are priced under $1,000,000.00 - ranging from a two bedroom two bath condo in…

Orange County Housing Report: Demand Continues to Surge

Tuesday, April 6th, 2010 at 7:21pm. 243 Views, 1 Comments.

Here's the latest Orange County Housing Report from Steven Thomas, President of Altera Real Estate.

April 1, 2010

No fooling, Orange County housing demand is picking up steam. 

Call it a coincidence, but with the wet weather turning to sunshine, demand has dramatically increased.  We have not seen demand this high since the beginning of July, 2009.  Demand, the number of new pending sales over the prior month, increased by 352 homes over the prior two weeks and now totals 3,622, an 11% increase and the height thus far in 2010.  Demand is 375 pending sales stronger than last year at this time and 1,337 stronger than two years ago.

Developing Trends:  More short sales are being approved and are finally closing.

A short sale is when a seller…

Fullerton REO - Super Clean on Coyote Hills Golf Course!

Monday, April 5th, 2010 at 5:09pm. 342 Views, 0 Comments.

Check out this short video of this new REO home for sale in Fullerton - not on the MLS yet!

Coming on the Market Soon

This fabulous 3 bedroom 3 bath home with a loft on the Coyote Hills golf course in a gated Fullerton neighborhood is super clean and ready for you to move right in! With about 2400 square feet of living space on a large lot on a single loaded street this is great deal! Custom built ins in the loft and the master bedroom. Gigantic walk in closet in the master with custom closet organizers. Massive kitchen with sparkling white cabinets and appliances.

Get on the Early Interest List for REO Homes

Call me at 949-678-3373 to get your name on the interest list - or to write up an offer the bank can't refuse!…