Coto de Caza Home Prices Have Incressed by an Average of $100,000 Since January

Friday, May 3rd, 2013 at 1:18pm. 47 Views, 0 Comments.

As we continue to watch the Coto de Caza, Rancho Santa Margarita, and Mission Viejo home prices go up and up - the average sales price is up almost $100,000 since January 2013! - we are also keeping a close eye on the home inventory.  As of today, there are 107 active listings in Mission Viejo - up from the 85 that were active as of April 1, 2013 - that's a 26% increase in total inventory in from one month ago! There are 70active listings in Coto de Caza - up from the low of 52 just a few weeks ago.  In RSM, there are also 70 houses currently listed for sale.

Of the 107 active Mission Viejo listings, 96 are Standard Sales, four are REOs, six are Short Sales, and one is offered for sale through an Auction.  About the same mix as…

Rancho Santa Margarita Homes for Sale - Market Update April 2010

Monday, May 10th, 2010 at 7:37pm. 294 Views, 0 Comments.

Currently, there are three real estate markets in Rancho Santa Margarita - homes for sale under $350,000, homes priced between $350,000 and $600,000 and homes in the over $600,000 range. Take a look at the chart below and see what you think about each one of the three groups of homes. 

As you can see, the active listings are pretty evenly split between the low and middle range prices.  Then the market shrinks above $600,000.   Under $350,000 is certainly the fastest moving market - way more sales…

Rancho Santa Margarita Home for Sale - Lower Price

Saturday, February 27th, 2010 at 5:13pm. 304 Views, 0 Comments.

Just reduced to $489,000 - this Rancho Santa Margarita home is absolutely ready to go! 

Standard "Equity" Sale

This is not a distressed seller situation - not a Short Sale or an REO - just very reasonable people who would love to see your offer!  This beautiful home is totally upgraded with beveled granite counter tops, stainless steele appliances, hard wood floors, soaring ceilings, and a great Melinda Heights Neighborhood. 

With all the frustrating Short Sales that can take 4 - 8 months to complete and the REO or bank owned homes that have been thrashed and totally ruined, this home has been lovingly taken care of and maintained in to be in pristine condition.  Call me for a private tour - before someone else gets this great…

Rancho Santa Margarita Foreclosure - What Exactly Does It Mean?

Wednesday, January 13th, 2010 at 5:17pm. 368 Views, 0 Comments.

There are currently eight Rancho Santa Margarita homes for sale that are flagged as "In Foreclosure Process" or "Notice of Default".  There are six more flagged as "REO/Lender Owned", and a whopping 88 homes listed as "Short Sale".  What exactly do all these terms mean?

What Does "In Foreclosure" Mean?

The Foreclosure Process

"Preforeclosure" is just a general term for homes that are in some stage of the following process before the actual Trustee's Sale:

1.  The home owner stops making payments on the mortgage.

2.  The lender files a "Notice of Default" (NOD), usually after 90 days or more.

3.  Another 90 days after filing the NOD, the lender can file a "Notice of Trustee's Sale".

4.  21 days after the Notice of Trustee's Sale, the home…

Rancho Santa Margarita Real Estate the Hardest to Buy in OC?

Tuesday, January 12th, 2010 at 8:17pm. 334 Views, 0 Comments.

The Orange County Register reports that, according to local broker Steve Thomas of Altera Real Estate, the number of Rancho Santa Margarita homes for sale is lower than any other city in the county compared to the number of new purchase deals under contract in the last month.

Rancho Santa Margarita Home Inventory is Down

 The Numbers

Here's a recap of some of the number covered in the video:

Bank Owned homes for sale have become rare, and Short Sales make up almost…

Rancho Stanta Margarita Home Staged for Quick Sell!

Sunday, December 20th, 2009 at 12:25pm. 328 Views, 0 Comments.

This awesome Melinda Heights home for sale in Rancho Santa Margarita has everything you could ever want in a 3 bedroom 3 bath home in one of the Orange County's best school districts!  And the motivated sellers did absolutely an amazing job of transforming the home from "The Home We Live In" to "The Home We Want to Sell!"  Check out the video to see the before and after - this one will sell quickly!

Coto de Caza Hair Stylist - Legends II - Alan Baumgardner

Wednesday, November 25th, 2009 at 8:36pm. 956 Views, 0 Comments.

Many of my clients who buy a home for sale in Coto de Caza, Rancho Santa Margarita, Mission Viejo, Ladera Ranch, or Dove Canyon often ask me where to go to get a great hair style. Since I've trusted Alan Baumgardner of Legends II Hair Salon in Rancho Santa Margarita with my hair for the last 10 years, naturally I am happy to recommend Alan to all of my great clients.

Rancho Santa Margarita Homes for Sale - Here's What's Going on Today

Monday, October 19th, 2009 at 8:32pm. 297 Views, 0 Comments.

148 Homes for Sale Today in Rancho Santa Margarita

There are 148 for sale today in Rancho Santa Margarita - ranging from a $104,900 1 bedroom 1 bath  500 sq ft condo to a 3500 sq ft 4 bedroom 4 bath view home in Dove Canyon listed at $1,295,000.  And everything in between!  Including 90 single family homes and 58 condos.  75 Short Sale listings and 8 REO or Bank Owned homes.

So those are the numbers, but here's the real story - well priced homes for sale in Rancho Santa Margarita are flying off the shelf - in all price ranges.   Buyers - you know what you are facing out there today, right?  Very stiff competition - multiple offers, over asking price, 20% down or even people with all cash. 

Check out this video to learn how to set yourself up for…

Fabulous Opportunity - Rarely Available View Home For Sale In Rancho Santa Margarita

Saturday, September 5th, 2009 at 12:35pm. 303 Views, 0 Comments.

Picture Perfect Home for Sale in Rancho Santa Margarita - Forever Views!!

Check out this brand new listing at the top of the hill in Melinda Heights - rarely on the market Estrella Vista stunning view home.  This home is immaculate inside and out - super clean, huge lot with enough room for a massive pool, and spectacular views of the Saddleback Mountains and valley.  Adjacent to the wildlife area, yet close to school, community pools, shopping, restaurants, the 241 Toll Road, and Lake Rancho Santa Margarita.

Call me for a private showing - 949-678-3373

Saddleback Valley Real Estate Activity for May 2009

Monday, June 1st, 2009 at 7:40pm. 435 Views, 0 Comments.

Saddleback Valley Real Estate Activity for May 2009

Including Coto de Caza, Rancho Santa Margarita, Trabuco Canyon, Mission Viejo, Ladera Ranch, and Lake Forest

There are currently 1002 homes actively listed for sale in the Saddleback Valley, with asking prices ranging from $85,000 for a 1-bed 2-bath 985 square foot condo in Lake Forest to $22,000,000 for a custom home in Los Ranchos Estates of Coto de Caza.  404 of the homes listed are Short Sales, but only 31 are Bank Owned, for a total 43% of the homes on the market "distressed" sales.

The two communities hardest hit by owners in distress are RSM and Ladera Ranch, with 50% or more of the homes on the market either Short Sales or Bank Owned.

406 homes came on the market during the month at an…