OC Coastal Blog

By
Real Estate Agent - The OC Coastal Group
The OC Coastal Real Estate Blog is designed to inform our readers of everything happening in South Orange County including market conditions, events, attractions, and much more. Additionally, we will provide you with our tips and opinions on many areas pertaining to South Orange County Real Estate and Investing. As always, your readership is very important to us. So if you have any questions or comments, never hesitate to drop us a line.
RECENT BLOG POSTS
For sellers, do not become overzealous given the latest developments.  Given last month's demand, there are still 14,026 sellers who will not be successful in selling their homes over the course of the next month.  There is tremendous competition, which includes sellers who are upside down on the...
01/26/2008
If you are a buyer, the economic stimulus package is designed to stimulate you.  You are the beneficiary of legislation that increases your borrowing capacity, coupled with rates that drop your monthly obligation.  For a buyer it's the perfect storm: historically low rates, increased loan limits ...
01/26/2008
The market is going to continue to ramp up as we enter the Spring Market, from Super Bowl through May.  The active inventory will grow, but at a much slower pace.  We can expect market time to drop through March.  As soon as the economic stimulus package is passed and the gate to increased conven...
01/26/2008
Even with the passing of the economic stimulus bill, we will not be out of the woods because we still have to digest the large number of foreclosures and short sales currently on the market, with more to come.  25.7% of the current active inventory is either a foreclosure or a short sale, where a...
01/26/2008
Interest rates have dropped substantially in recent weeks and are reaching historic lows.  President Bush and Congress' economic stimulus package that they are pushing through at warp speed will not only put checks into taxpayers pockets around May of this year, it will also include an increase t...
01/26/2008
As is customary for this time of year, the Orange County real estate market is beginning to rev its engine before we begin the Spring market.  Agents are busy chauffeuring buyers around Orange County and open house activity had picked up.  That has translated into offers being written and an incr...
01/26/2008
For the month ending 12/31/07:active listings: 97avg list price: $1,643,605avg days on market: 132in escrow: 4avg list price: $1,721,750avg days on market: 27sold: 6avg sold price: $1,625,000avg days on market: 131original list / sold price: 87.51%  The OC Coastal GroupHomes of DistinctionGarry L...
01/07/2008
For the month ending 12/31/07:market time (months): 11.02active listings: 452avg list price: $933,000avg days on market: 103in escrow: 39avg list price: $915,784avg days on market: 90sold: 33avg sold price: $712,585avg days on market: 88original list / sold price: 88.14%# foreclosures and short s...
01/07/2008
For the month ending 12/31/07:market time (months): 15.86active listings: 221avg list price: $3,073,727avg days on market: 148in escrow: 22avg list price: $4,106,512avg days on market: 157sold: 14avg sold price: $3,052,428 avg days on market: 124original list / sold price: 80.73%# foreclosures an...
01/07/2008
For the month ending 12/31/07: market time (months): 20.9 active listings: 306 avg list price: $1.4 million avg days on market: 138 in escrow: 15 avg list price: $765,975 avg days on market: 92 sold: 17 avg sold price: $1,209,106 avg days on market: 168 original list / sold price: 86.79% # forecl...
01/07/2008
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Garry Loss

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smartphone(949) 235-3474
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Orange County California Real Estate News, Market Conditions, Economy, Tips for Buyers, Sellers, Homeowners and Investors and Thoughts and Musings.