Dana Point, CA Real Estate News

By Jill McGovern
(Wailea Makena Real Estate Inc)
Absolutely the most prestigious community money can buy! Ocean Front Estates in beautiful Dana Point, Monarch Beach area. Nearby Ritz Carlton and St. Regis hotels make this a world class destination a resort area where living the sophisticated lifestyle of the Rich and Famous is as common as the incoming surf. These phenomenal estate lots average sale price of $8 million dollars are being built with special architecture design. Custom estate homes featuring Grand Entrances to Open flowing Ocean views abound and the room list is endless, you will have the Great Room, libraries, wine cellars, private theater's, maids quarters, elevators, master retreats, exercise room, sun rooms, enclosed patios, and pools and spas, just to name a few. I currently have one available a 5 bedroom 8 baths, o...
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By Jill McGovern, Jill McGovern
(Jill McGovern Real Estate, Inc.)
Welcome to the Strands Headland Development. A very special community which is just being developed. The average lot sold at $8 million dollars per lot, the architecture on these 6k- 8k square foot homes will be state of the art! Homes will have theater's, exercise rooms, Master retreats, sun rooms, special wine cellars and all with Ocean Views to die for. This Ocean Front Community is in the prestigious area of Monarch Beach, close to the Ritz Carlton, and St. Regis Hotels. The area is nestled into one of the nicest beach locations with world famous surf nearby at Salt Creek Beach. I currently have one 5 bedroom 8 bath home on the Ocean Front side under construction for sale at $16 million dollars. The construction is of subperb quality with all the finest materials and design the disc...
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By Jill McGovern, Jill McGovern
(Jill McGovern Real Estate, Inc.)
Recent sales in beautiful Stratford at the Pacific. This community is home to our Mayor and City Manager as well as many doctors, lawyers, and other prominent individuals who wish to reside in a beach and harbor close home. These homes were built about 25 years ago and are 3-5 bedroom homes with lots about 6k to 7k sq. ft. the average size home about 2000 sq. ft.. What makes this community so desirable is the flat wide streets, culdesacs abound and  larger homes, this tract backs to a wonderful park which extends through to San Juan Capistrano and down to the famous Doheny State Beach. Stratford has a very low HOA that takes care of the walk ways and owner issues of compliance. I love this neighborhood as I found the people friendly, the walks to the parks and beaches wonderful and a se...
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By Karen Mahoney
(ALTERA Real Estate Services)
52 Terra Vista WOW!!!Awesome batchlor pad with exquisite taste. State of the Art Home.Cheerywood stained floors, custom drapes, all new baths, stainls steel appl.in kitchen. Formal dingrm that will take your breathe away. The upper deck off the livgrm has some ocean and Catalina view and is very private. Two bedrooms in lower level. Master has deck with hot tub and citrus plants. The furniture is high end contempory. Three plazma tv's, one is in the garage. Rental rate increases to $5500 June thru Sept. View more at my website www.oceanliving.com
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By Adam Brett, The Adam and Eric Group, Fullerton's Finest
(The Adam and Eric Group)
Buyers in Dana Point, this is your opportunity to take advantage of the high rate of foreclosures in Orange County! In the coming months, foreclosures are going to dominate every market in Orange County, and affect housing values in every neighborhood. Throughout the county, there are currently 5954 bank-owned properties, with another 3801 up for auction and 8723 in a state of pre-foreclosure. In Dana Point alone, there are 74 pre-foreclosures, 22 auctions, and 44 REOs, meaning the number of foreclosed properties is only going to increase over the course of this year. What does this mean for you? The high number of foreclosures means a large inventory of properties that banks are eager to sell. In Dana Point, the amount of time it will take to sell this abundance of inventory is 17.8 m...
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By Zen Ziejewski, Laguna Niguel Real Estate
(Keller Williams Realty)
As of April 2nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Dana Point totaled 304 homes (condos, townhomes and single family homes).  This is up 10 homes from February 2008 with a total of 294 homes on the market.  We have seen a nice pick up in Orange County home sales in February and March of 2008.The inventory numbers are holding steady which is a good sign for the market.  The FED cut interest rates by .75 basis points in March.  This will help keep interest rates fairly low as the bond market decides what to do next.  The new conforming loan limits were announced in March.  The new conforming loan limit is now $729,750.  This will definitely help buyers and sellers in the Orange County housing market.  The former conforming rate was...
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By Sandra Carlisle (Ayers), Real Estate Marketing & Sales
(Berkshire Hathaway California Properties)
What is the market doing in Dana Point, California?   What has been going on over the the past six months?  Is the credit crunch affecting individuals buying homes? Here is the average SOLD price per square foot in Dana Point for the past 6 months... 08/2007     $551 09/2007     $597 10/2007     $514 11/2007     $709 12.2007     $500 01/2008     $585 So far, for February, the average price per square foot is $378.  Between 2007 and 2008 the average price per square foot in Dana Point increased approximately 2%. There is still plenty of money available for purchasing a home.  Before you decide to start shopping in Dana Point there are several things going on in the mortgage market that you should be aware of.  To find out how these changes  affect you, you should speak to a qualified len...
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By Liana Norman, REALTOR(r), GRI, CRS
(Remax Real Estate Services)
Some things have happened this past week (and in weeks previous) that I believe is signaling the Light at the End of the Tunnel.   1.) B of A's move to buyout Countrywide.   Some feel they may be throwing good money after bad, but I don't think so.  I think they see an opportunity to grab huge market share for a cheap price.  2.)  The seasonal large RELATIVE drop in the # of Homes Pending in Escrow did not happen this year as in years past.  This may be a sign that we are reaching bedrock.  3.)  This past Saturday in the KW office, was one of the busiest in terms of Agents with Buyers in meeting rooms, that the receptionist has seen in the past 10 months.  4.)  Various agents in our office are reporting that in the past 2 weeks, Open House traffic has not been higher then it has been in...
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By Liana Norman, REALTOR(r), GRI, CRS
(Remax Real Estate Services)
Forgiven Mortgage Debt Relief"When your home is losing value and your family is under financial stress, the last thing you need is to be hit with higher taxes. So I'm working with members of both parties to pass a bill that will protect homeowners from having to pay taxes on cancelled mortgage debt." President George W. Bush, 9/1/07Addressing the sub prime lending crisis, Congress recently passed and the President signed into law a new measure giving tax breaks to homeowners who have mortgage debt forgiven. Under preexisting law, the debt forgiven by a lender, such as for short sales and refinances, was generally taxable to the borrower as debt discharge income. With the passage of the Mortgage Forgiveness Debt Relief Act of 2007, a taxpayer does not have to pay federal income tax on up...
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By Liana Norman, REALTOR(r), GRI, CRS
(Remax Real Estate Services)
Ok, get this!  I have a fixer - yes a fixer needing minimum $100,000 in work priced for $599,000 in a market where at its BEST this house could sell for MAYBE $750,000!  I get a buyer who wants to pay $550,000 and because I am representing both parties I have agreed to reduce my commission by 2% to HELP the seller.  The seller is in NOD and the sale will be in March.  I am not too worried because the lender has already said they will use me to sell the home.  But the lender knows the seller has some equity and are holding off on the sale in order to benefit the seller!  Amazing right!???? Well, get this.  This offer will net the seller about $45,000 if she moves forward with this buyer.  The seller has been stalling for 2 weeks! The buyer would have been able to close escrow on the 31st...
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By Garry Loss
(The OC Coastal Group)
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 Loss Principal / REALTOR888-OCC-Viewshttp://www.theoccoastalgroup.com/
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By Garry Loss
(The OC Coastal Group)
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% # foreclosures and short sales: 25 % of active inventory: 8.2% The OC Coastal Group Homes of Distinction Garry Loss Principal / REALTOR 888-OCC-Views http://www.theoccoastalgroup.com
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By Liana Norman, REALTOR(r), GRI, CRS
(Remax Real Estate Services)
Important Facts That Will Affect Real Estate Pricing Over The Next 20+ YearsBy Clifford A. HockleyEach year, our population continues to grow and with that growth comes many changes to the average American household. Find out how changes in our population will affect real estate in different areas of the United States. These factors may play an important role in how you decide to invest in real estate in the future. ·  By 2010 over 40% of all households will be comprised of an age group over 55 years. ·  The number of citizens over the age of 65 years will jump from 34.7 million in 2000 to nearly 70 million by 2030 (a mere 30 years). ·  The Spanish speaking population will increase from 31.4 million in 2000 to nearly 65.6 million in 2030. ·  50% of children under the age of 18 (42,853,6...
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By Christi Stewart, Prudential Calif. Realty
(Prudential California Realty)
Here are the past months statistics for the city of Dana Point from October 6th-November 6th.  The most activity was in $1,000,000-$1,999,999 price range.  If you have any other questions, or would like to view a particular property, please do not hesitate to call.Single Family Sales Residential        Bedrooms    Price 2 or less34 or moreCondo's$0-$99,999 0000$100,000-$149,000 0000$150,000-199,999 0000$200,000-$249,999 0000$250,000-$299,999 0000$300,000-$349,999 0000$350,000-$374,999 0000$375,000-$399,999 0001$400,000-424,999 0000$425,000-$449,999 0000$450,000-$474,999 0000$475,000-$499,999 0000$500,000-$549,999 0001$550,000-$599,999 0001$600,000-$649,999 0000$650,000-$699,999 0100$700,000-$749,999 0000$750,000-$799,999 0010$800,000-$999,999 0211$1,000,000-$1,999,999 0151$2,000,000 and...
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By Christi Stewart, Prudential Calif. Realty
(Prudential California Realty)
Ok, Well now that I have your attention, here is your opportunity to not only do good for the community but also help yourself stay fit.  Dana Point, California will hold it's annual Turkey Trot on Nov. 22nd with the funds raised going to the Second Harvest Food Bank of Orange County.  This trot will offer both a 5k and 10k and you can sign up by calling 949-496-1555.  Or go to the following website:www.turkeytrot.comThousands of people participate in this event each year and you are bound to run into someone you know. 
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Home Inventory Dana Point, CA - Here is the most Up To Date Market Trends for Dana Point. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers. THIS WEEKThe median single family home price in DANA POINT this week is $1225000.Demand measured by the Market Action Index is increasing and dayson-market is holding steady. With more properties coming available, conditions are mildly positive. PRICEThe market appears to be hovering  around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.SUPPLY AND DEMANDLocal conditions are cur...
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By Hayden Gerson
(HPM Financial LLC)
In the last year over 100 mortgage lenders have gone out of business due to the "mortgage meltdown" as most of you might now it is getting much more difficult to qualify for mortgages in Dana Point. The reason it is difficult to qualify for your Dana Point mortgage is because guidelines have changed drastically. Even reverse mortgages in Dana Point are getting harder to qualify for, leaving many looking for a honest mortgage company in Dana Point.Since many mortgage brokers in Dana Point are going out of business, and others are not able to get you qualified, you need to call a reputable company to help you with your home mortgage in Dana Point. We here at America One Mortgage Group are a national company headquartered out of Southern California. We have offices in many states and fund ...
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By Christi Stewart, Prudential Calif. Realty
(Prudential California Realty)
Here is the home sales report for the City of Dana Point for Sept. 9th 2007-October 9th, 2007.  The most active price range was $1,000,000 to over $2,000,000 with a total of 14 homes that closed escrow.  Condo's lead the most active with 12 being sold.  Yes, the market has slowed but it is not dead.  If you'd like more information on homes for sale in Dana Point, please don't hesitate to call me.                                                                                                                             Single Family Sales Report 9/09/07-10/09/07       Price  Bedrooms     2 or less 34Condos $0-$99,999 0000 $100,000-$149,999 0000 $150,000-$199,999 0000 $200,000-$249,999 0000 $250,000-$299,999 0001 $300,000-$324,999 0001 $325,000-$349,999 0000 $350,000-$374,999 0001 $375,00...
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By Marlene Bridges, Laguna Homes|Laguna Condos|Laguna Real Estate
(Village Real Estate Services, Inc.)
June brings with it a season of new beginnings.  The first day of summer, graduations, and weddings...lots of weddings.  As I was out and about this week, I went to one of my favorite spots to grab a photo of Dana Harbor.  To my surprise, there was a very touching wedding ceremony taking place in the gazebo overlooking the harbor.  Friday afternoon about 5;:30 p.m.  a beautiful bride, her handsome groom, a minister, a guitarist and two witnesses  occupied the little gazebo overlooking the harbor.  There they were, the picture of great happiness with their hopes and dreams spread out before them with beautiful Dana Harbor as their canvas.  I love photographing these little "slice of life" moments.  It's especially fun because they are typically  totally unexpected.  When they include a b...
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By Jared Loss
(The OC Coastal Group)
With the summer months fast approaching, the weather is heating up and the sun is shining more and more each day.  There is a lot to do in South O.C. during the summer including outdoor recreation, patio dining, and many festivals and events to enjoy. Here is a list of some activities and events you might want to check out this summer. The Dana Point Harbor has a lot to offer visitors of all types.  Stop by the Dana Wharf, Mariner’s Alley, or Mariner’s Village to grab a bite to eat. Have a breakfast burrito at Proud Mary’s or check out the live music nightly at Wind and Sea. Take a whale watching cruise or get wild on some jet skis. For the more timid, there are great fishing charters and boat and kayak rentals. Don’t forget to check out all of the fun shops as well. With so much to off...
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