Orange County Real Estate Market Report September 18th, 2023

Welcome to Orange County Real Estate, Inc.'s market report! We aim to provide you with up-to-date statistical information to help you make informed decisions about real estate in Orange County, California, whether you're a buyer, seller, or considering a move into or out of the state.

The Wall Street Journal recently published an article on the current state of the real estate market. In their report, they made the assertion that home prices have experienced a 13% decline compared to the previous year. However, it's crucial to note that this conclusion is somewhat misleading. The basis for this claim was a comparison between new construction data from April 2022 and the most recent figures available. Instead of drawing from a comprehensive dataset encompassing all single-family home sales across the nation, this analysis primarily focused on new construction. When we broaden our perspective to include both new construction and existing home sales data, a different narrative emerges.

The combined data reveals that property values have actually appreciated by 1% in comparison to the same period last year. The median price for single-family homes in the United States currently stands at a respectable $444,900.

Over the past week, there has been a noticeable shift in the real estate inventory trends. Nationally, the inventory has increased as buyers have temporarily pulled back from the market. However, the situation in Orange County is somewhat unique, with a decrease in inventory coupled with an increase in properties that have accepted offers.

orange county housing report

Orange County's real estate market continues to defy the national standards, displaying a resilient demand. This unwavering demand is clearly reflected in our Days on Market graph, which indicates that homes are selling quickly.

Orange County Real Estate Market Report

It's worth noting that any significant interest rate increase, such as a rise to 8%, could potentially bring the market to a standstill. A similar scenario unfolded last year when rates reached 7%. Surprisingly, higher rates did not deter buyer activity; the market swiftly recovered as buyers adjusted to the new interest rate landscape, and demand remained robust.

Price reductions in Orange County remain within the normal range, affecting approximately 30% of properties currently listed for sale. However, a closer look at our key statistics graph reveals that, just last week, homes were selling for nearly 1% over their list prices.

Orange County Real Estate

It's important to acknowledge that some home buyers are growing cautious as they anticipate the possibility of rates hitting 8%. This concern has led some buyers to pause their search, as they previously assumed rates would decrease, allowing for refinancing opportunities.

It's our belief that interest rates will trend downward in the next five years, making a 5/1 ARM loan with an initial rate in the 5% range an attractive option. Moreover, such loans may even result in lower interest rates upon their first adjustment.

Should you have any questions or require specific data for your neighborhood, please do not hesitate to reach out. This data can be invaluable in helping you make informed decisions when it comes to setting an offer price or determining the list price if you are planning to sell.

Orange County Real Estate Market Report September 5th, 2023

Market Snapshot:

In the Orange County real estate arena, we've observed a slowing trend across the board, encompassing total inventory and sales figures. Over the past week, real estate closings have seen a dip of nearly 20%. While such declines are not uncommon during holiday weekends, we anticipate a rebound in both inventory levels and total sales in the upcoming week.

However, it's worth noting that while inventory statistics may be down in Orange County, the inventory of single-family homes in the United States has seen an increase. This trend could potentially be attributed to the recent rate hike. It's interesting to observe that home prices, both locally and nationally, are not showing signs of decreasing. Nevertheless, it's customary for the median home price in the United States to experience a dip during the winter months, and we anticipate this pattern to continue. But not for Orange County.

orange county housing report

Furthermore, there has been a modest uptick in the "days on market" metric. It's important to note that this increase is too slight to attribute to factors like high-interest rates. Across all price ranges, the days on market remain relatively low, strongly suggesting a seller's market.

orange county real estate market stats

As we transition into the fall and winter months, we are forecasting a potential decline in mortgage rates, coupled with an uptick in real estate sales. This forecast contradicts the typical seasonal trend of a slower market during these months. We believe that a pent-up demand for housing may be a driving force behind this shift.

Additionally, the new construction sector continues to display remarkable strength. Homebuilders are enticing buyers with attractive financing options and generous upgrade credits, contributing to the buoyancy of this market segment.

In conclusion, our market report indicates a nuanced landscape, with promising potential as we move forward. We remain dedicated to keeping you well-informed, and should you require further insights or have any questions, please don't hesitate to reach out. Your real estate journey is our priority.

orange county housing report

Orange County Real Estate Market Report August 21, 2023

In this week's market update, I'd like to draw attention to the segment of "affordable" residential properties available for purchase within Orange County. At present, there are 243 residential properties listed for sale, all priced under $700,000. These properties stand out due to their competitive pricing, making them highly sought after and generating a substantial demand from potential buyers. This heightened demand is notably reflected in the Days on Market metric. The average time a property spends on the market is 35 days, with a median of just 17 days.

Given the brisk pace of this market segment, swift and strategic action is crucial. This is precisely where our expertise comes into play. By leveraging our services, you can navigate this competitive landscape with confidence. Our adept negotiation strategies have consistently yielded a significantly higher acceptance rate compared to the average in the county, enhancing your prospects for a successful purchase.

Market Snapshot:

Inventory has seen a slight decrease, with 2,534 properties currently available in Orange County. Our chart indicates an uptick in closings, totaling 469, yet the overall trajectory of the Orange County real estate market maintains its steadfast nature. As is typical during this time of year, the fall market often witnesses a nationwide slowdown. While we monitor developments, it remains to be seen if Orange County will mirror this trend.

Orange County Inventory

The days on market statistic continues to exhibit stability, remaining relatively unchanged.

days on market data for orange county

Notably, last week's data highlighted an intriguing point: homes were sold at an average of 0.35% less than their list price. However, in the current week, this trend has slightly intensified, with homes selling for an average of 0.75% less than their list price, equating to approximately $11,000. The recurrence of this pattern over two consecutive weeks raises the question of whether it signals a potential trend. As the fall market approaches, slight adjustments in pricing could be anticipated in response to market dynamics.

Key statistics for the orange county real estate market

Orange County Real Estate Market Report August 14, 2023

Market Snapshot:

The Orange County real estate market continues to exhibit resilience, maintaining a consistent upward trend.

An incremental increase in inventory has been observed in the United States over recent weeks. But, the current week's inventory in Orange County has decreased by 2.6% compared to the preceding week. This week, the market welcomed 524 new property listings.

Additionally, it is important to highlight the 115 properties that were relisted. These properties had previously entered escrow and accepted an offer, but due to circumstances such as a faltering buyer financing arrangement, the escrow was terminated, prompting a relisting of the properties.

orange county real estate market report

The days on market statistics are basically unchanged, further illustrating the market's stability and steady trajectory.

orange county housing report

A significant highlight in this week's data pertains to the Sold Price vs. List Price metric. Over the past 7 days, for all property types and price ranges, the sold price was marginally lower by 0.35% compared to the list price.

Conversely, the scenario shifts for condominiums and townhomes in Orange County, where properties have commanded a premium. These properties, are typically listed under $1,000,000, have been selling at an impressive 5% above their initial asking prices. Notably, this price range has consistently witnessed robust buyer demand throughout the year, as they are the most affordable in the county.

orange county housing report

The remaining market statistics have demonstrated relative stability over the course of the year, maintaining a balanced and consistent performance.

Orange County Real Estate Market Report August 7, 2023

Market Snapshot

The Orange County real estate landscape remains resilient, displaying a steady trajectory with no significant abrupt shifts. The foremost challenge remains an insufficient inventory, creating a market dynamic favoring sellers. The demand for exceptional properties remains strong, highlighting buyers' capacity to acquire homes and their adaptability to evolving financing dynamics.

Inventory Insights

Our inventory chart consistently depicts a stable trend, without drastic movements. This is indicative of a market that retains equilibrium, albeit amid competitive conditions. Orange County Real Estate Housing Inventory

Buyer's Landscape

The Days on Market chart provides clear evidence of enduring buyer demand, with properties moving swiftly. While recent elevated interest rates have eased the intensity of competition, the Orange County market continues to attract a notable volume of prospective buyers. (https://www.ocrealestateinc.com/orange-county-homes-listed-over-ninety-days/) Orange County Market Report Days On Market

Key Metrics in Focus

Key market metrics have displayed a progressive incline throughout the year, contributing to a sold price that consistently surpasses the initial listing price by approximately one-half percent. This suggests a market where properties hold their value and even exceed initial expectations. Orange County Real Estate Key Stats

Insights for Buyers

Buyers find themselves navigating a landscape characterized by limited inventory, resulting in persistent competition. While interest rates remain elevated, the market still witnesses lenders proactively facilitating transactions. Some innovative financing options, such as adjustable-rate mortgages with favorable terms, provide potential avenues for lower initial interest rates. Notably, the Navy Federal Credit Union extends an adjustable-rate loan, starting at 5.125% for the first five years, even beyond military affiliation.

Insights for Sellers

Sellers stand to benefit from a market where properties are likely to secure prompt sales. Despite this, it's essential to recognize that around 160 properties have lingered on the market for over 90 days. To maximize success, aligning your listing price appropriately and seeking guidance from Orange County Real Estate, Inc., your trusted local real estate professionals, is paramount. Their expertise ensures your property is poised for a triumphant sale.

The Current Landscape

For a comprehensive view of properties that have been listed for over 90 days, follow this link: https://www.ocrealestateinc.com/orange-county-homes-listed-over-ninety-days/. Optimal pricing strategy and the counsel of Orange County Real Estate, Inc. can ensure your property stands out in the competitive market, paving the way for a seamless and rewarding transaction.

In this dynamic Orange County market, knowledge is key. Orange County Real Estate, Inc. is committed to being your compass in this ever-evolving real estate journey. Contact us today to unlock the insights and guidance you need to navigate the Orange County, California real estate landscape with confidence and success.

Orange County Real Estate Market Report July 31, 2023

Market Overview:

Buyer demand in Orange County has been unexpectedly strong, defying previous predictions after mortgage rates spiked in 2022. Although home prices experienced a slight drop, this year has seen a consistent increase in prices week to week. Looking ahead, home prices are expected to remain stable, but higher mortgage rates could lead to a potential correction in the market. Conversely, lower rates may motivate more buyers to enter the market and further drive up home prices.

Current Home Prices:

In the US, the median single-family home price is $450,000, just below last year's high of $455,000. However, in Orange County, the median list price for single-family homes currently stands at $1,800,000, which is slightly higher than the figure recorded on May 1st, 2023, at $1,720,000. Condos and Townhomes have also seen a slight increase, with a current median price of $800,000.

Inventory and Market Activity:

The inventory in Orange County has seen a slight uptick, reaching 2,558 listings. Over the last week, there have been 581 new listings and 510 closings. The days on the market continue to be low across all price ranges, with under 1 million at 19 days, 1-2 million at 22 days, and over 2 million at 53 days.

Market Performance:

Over the last 7 days, homes in Orange County sold for approximately 1/2% over their asking prices, indicating a competitive market with demand exceeding supply.

We source our data directly from the MLS in real-time to ensure accuracy. If you have any questions about the data or would like further insights, please don't hesitate to reach out to us.

As the real estate market is subject to change, we will regularly update this report to provide you with the most relevant and current information. Whether you are buying, selling, or considering a move, we are here to assist you with any real estate needs and help you navigate the dynamic Orange County market. Feel free to explore our website and social media platforms for more valuable resources and personalized assistance.

Orange County Real Estate Market Recap July 24, 2023

In the week of July 17 to July 24, the real estate market in Orange County experienced a notable spike in inventory, with a total of 2,539 residential properties listed for sale. As we head into the summer months, this increase is a common occurrence, with expectations of a gradual decline in the fall. Despite calls from the sidelines, there's no indication in the data to suggest an overwhelming surge of properties entering the market. The continued lack of inventory will keep Orange County in a sellers’ market.

Homeowners in Orange County are currently benefiting from low-interest rates on their mortgages, contributing to a prevailing sentiment of stability. As a result, many homeowners are opting to stay put rather than list their properties, further contributing to the unbalanced inventory levels.

The increasing demand for housing is a notable trend, particularly for properties priced under 1 million, which are spending a median of only 18 days on the market. These properties are likely to be in high demand due to their affordability compared to higher-priced options and they are often sought after by first-time homebuyers, young families, and individuals looking to enter the housing market at a more accessible price point.

As affordability continues to dishearten buyers several factors contribute to the ongoing affordability concerns in Orange County. These include steadily rising housing prices, limited housing supply, and high demand. Additionally, the region's desirability, with its attractive amenities, schools, and job opportunities, further contributes to the competitive nature of the market and increases housing costs.

Properties priced between 1 and 2 million are also in high demand, with a median of 22 days on the market. Remarkably, even properties priced over 2 million are seeing a relatively quick turnaround time, with a median of only 51 days on the market. These statistics indicate a high demand and buyer competition.

As we head into the months with traditionally lower real estate activity, sellers should be mindful of the growing competition. Pricing their homes appropriately and competitively will be essential to attract potential buyers. Despite some markets experiencing homes selling above asking prices and receiving multiple offers, presenting a well-maintained and appealing property remains crucial.

Orange County Real Estate, Inc. stays updated with ever-changing market trends through diligent analysis of real-time market data, tracking housing inventory levels, pricing trends, and consumer behavior. They also stay informed about local economic developments and policy changes that could impact the real estate market. By leveraging this valuable information, Orange County Real Estate, Inc. provides its clients with informed insights and personalized strategies to navigate the dynamic market successfully.

Orange County Real Estate, Inc. offers a unique and personalized approach to help clients overcome the challenges of affordability and competition. They work closely with clients to understand their specific needs, budget constraints, and long-term goals. By tailoring their services to each client's requirements, they can identify suitable properties, explore financing options, and negotiate effectively on behalf of their clients. Their expertise and market knowledge enable them to offer creative solutions and guide clients toward favorable outcomes in a competitive market.

What Will Cause The Orange County Real Estate Market To Crash? - July 19, 2023

It's difficult to predict what will happen to the economy and the real estate market, especially in a world where wars, elections, inflation, and general instability can have far-reaching effects. Amidst these uncertainties, one might wonder if Orange County's real estate market stands as a beacon of stability. To shed some light on this matter, let's consider a few pertinent questions:

What are the current supply levels of residential properties for sale in Orange County, compared to pre-pandemic levels?
How long does it typically take for properties to sell in Orange County, based on the median days on market?
Despite the strong market and real estate values holding, what remains the biggest challenge in the Orange County real estate market?
Is the issue of affordability likely to lead to a decrease in home values?
What are the major industries driving the economy in Orange County, and how do they impact the stability of the real estate market?
Have mortgage rates played a significant role in affecting property values in Orange County in the past?

Here's the weekly update on the current state of the real estate market in Orange County.

Based on the latest statistics, the market is experiencing both low supply and high demand. Presently, there are only 2,489 residential properties for sale, which is significantly lower, at about a third of the pre-pandemic levels. However, the median days on the market for all property price ranges is 27 days, indicating robust demand. orange county market report

The prevailing situation suggests that the Orange County real estate market is strong, and property values are expected to hold steady. Despite this positive outlook, the market faces a considerable challenge in terms of affordability. Many potential buyers have been priced out of the market, which is a concerning trend.

Despite the affordability issue, it is unlikely to lead to a crash in home values. One major reason for this is the stable economic foundation of Orange County. The area's prominent employers, such as Disney and the education and medical/healthcare sectors, contribute to a solid job market. As a result, major job loss recessions are not anticipated, which helps to maintain stability in the real estate market.

Another factor that has been closely monitored is mortgage rates. When mortgage rates reached 7%, there was a slight dip of 3% in property values. However, this dip was temporary, as values have since rebounded. This indicates that the real estate market in Orange County has demonstrated resilience in the face of high mortgage rates and affordability concerns.

In conclusion, the Orange County real estate market remains strong, with low supply and high demand contributing to stable property values. While affordability is a significant issue affecting potential buyers, the overall economic stability, driven by major industries like education and medical/health care, is expected to mitigate the risk of a market crash. The previous experience with mortgage rates also shows that the market has the capacity to bounce back from challenges, further reinforcing its resilience.

To research market factors such as days on market and sold price vs list price, take a look at our webpage dedicated to all the stats: Your City Market Report

It's Tough To Be A Home Buyer Right Now - June 13, 2023

The current real estate market has left many home buyers feeling frustrated and overwhelmed. It seems like the right home is just out of reach, and when you finally do find a suitable option, there's a line of ten other eager buyers vying for the same property. With dwindling inventory, strong home prices, and high-interest rates, being a home buyer right now is undoubtedly challenging.

Clients often approach us with the burning question, "Is it a good time to buy a house?" The answer, however, depends on several crucial factors. We take into account your current financial situation, job security, your long-term plans for residing in the house and can we find you a favorable deal in this competitive market?

This is precisely where our expertise and guidance become invaluable. We assist you in navigating through the complex decision-making process to ensure you make the right choice for you and your family. We aren't afraid to candidly advise, "Now may not be the right time for you to buy a house."

Allow me to share a recent encounter with a client who had just welcomed a newborn. With their expanding family, they were eager to upgrade to a larger home. However, after a thorough assessment of their circumstances, we concluded that waiting for a year would be the most sensible decision. By then, they would have a decade of job stability, and the mother would have returned to work. For them, purchasing a home right now simply wasn't the optimal choice. Let's revisit the situation in 10 months and reassess.

Even in a challenging buyers' market, opportunities for good deals still exist. It came as no surprise to discover that there are currently 45 homes listed below $1,500,000 that have been on the market for over six months. Unfortunately, these properties often get overshadowed on popular platforms like Zillow and Realtor, which primarily promote new listings. This is where our expertise truly shines. We not only ensure that you have access to these older listings but also proactively seek out off-market opportunities.

When it comes to finding the right home in a market characterized by limited inventory and high demand, working with us can make all the difference. We go the extra mile to help you secure the deal you deserve, leveraging our resources and expertise to uncover hidden gems that others may overlook. Let us guide you through this challenging market and help you find the perfect home for your needs.

Curious about the value of your home in Costa Mesa? Look no further! Our innovative home valuation tool utilizes a powerful computer algorithm to provide you with an accurate base value for your property. But we don't stop there – we take it a step further.

Orange County Market Report Showing Strong Buyer Demand And An Honorable Mention On Redfin - March 20, 2023

Welcome to our weekly Orange County real estate market report! As always, we bring you the latest updates on the housing market in the area, based on real-time data gathered directly from the MLS.

This week, we have some interesting news to report. For the second time this year, homes in Orange County have sold for over the list price. This may be an indication of a strong seller's market in the area, and we will be keeping a close eye on this trend in the coming weeks.

However, we understand that many people are nervous about buying in a market that could crash at any moment. Despite the negative headlines that have been circulating for the past 10 months, we have not seen any indication in the data that there will be a flood of inventory and lower demand for housing. This means that the real estate market will continue to be steady in Orange County.

Other markets, like Austin, TX, are still recovering from an influx of people moving to the area and causing unprecedented appreciation. Inventory levels in Austin are currently at 2019 levels, and price reductions are nearly 50% of the total inventory. This has resulted in a somewhat stagnant real estate market in the area, as high-interest rates have impacted affordability in Austin more than in other markets.

In Orange County, however, we have a unique dynamic between buyers and sellers. Demand is still high, as evidenced by the days on market and the sold price versus the list price. While many reports measure demand by the under-contract and pending statistics, we have a low number of closings due to the restricted inventory in the area. If more homes were available for sale, there would likely be more sales because buyer demand is still strong.

Take a look at our market report video for all the latest data.

See Our Market Reports By City

Buyer Demand Continues To Be High And Inventory Low - March 13th, 2023

Welcome to our weekly real estate market report, where we bring you the latest updates on the Orange County housing market.

Despite strong buyer demand and a fair number of closings, inventory has remained relatively unchanged over the past 7 days. However, we did see an increase in new listings with 511 added to the market. We hope this trend will continue as we head into the Spring Market.

Mortgage rates have dropped in the past week after a significant increase, which resulted in a low number of mortgage applications. We understand that many mortgage companies are offering programs such as permanent rate buydowns and temporary rate buydowns to combat affordability issues. If you're interested in learning more about these programs, feel free to reach out to us.

We believe that staying informed about real estate data is crucial when making decisions about buying or selling property. That's why we provide weekly updates on the latest data. To make this information easily accessible, we've created a dedicated webpage for real estate data in every city in Orange County, and we're working on specific areas too. Check out our market report page for more information.

Orange County Market Reports By City

Houses Sold For 10% Higher Than List Price This Week - February 27, 2023

Welcome to our weekly market report on Orange County's real estate scene. In this update, we'll cover the latest developments and trends in the local housing market.

One notable development this week is the occurrence of homes selling for prices higher than the asking price for the first time this year. While this trend is concerning, we hope it's just a one-time event and not indicative of a broader overbidding issue. We'll continue to monitor the situation closely.

A significant challenge in the Orange County housing market remains the low inventory levels, which are driving increased buyer competition and leading to the overbidding mentioned above. This trend is likely to persist in the coming months, so buyers need to be prepared to move quickly when they find the right property.

Despite the ongoing challenges in the market, Orange County's housing values remain robust, in line with the national trend. However, other housing markets, like San Francisco, are experiencing a downturn due to decreased demand for housing. This decline may be attributed to a growing number of companies transitioning to remote work, resulting in office vacancy rates nearing 40%. San Francisco's housing market is undoubtedly in a slump, and we'll keep a close eye on how this trend develops.

If you're considering selling your home, it's essential to stay up-to-date on the latest market trends in your area. At Orange County Real Estate, we provide critical data points such as days on the market and the list price vs. sold price to help you set realistic expectations for selling. With our assistance, you can maximize your property's value and make a successful sale.

If you're in the market for a home, it's equally important to know the latest stats for your target area. Our team can provide you with information that will help you successfully navigate the buying process and find your dream home.

The Orange County real estate market continues to face challenges, but housing values remain strong. Our team at Orange County Real Estate is here to help you navigate the ever-changing market and achieve your real estate goals. If you or someone you know is considering selling, please don't hesitate to contact us for more information.

Orange County Housing Inventory Levels Have Steadied - February 20, 2023

Welcome to our weekly real estate market report, where we bring you the latest updates on the Orange County housing market.

After four consecutive weeks of inventory declines, we're happy to report that inventory levels have held steady this week. Additionally, we're seeing a positive trend with an increase in properties going under contract for the fifth straight week, indicating continued buyer demand.

In the past week, 508 new listings were added, a sign that the spring market is starting to pick up.

Across all price ranges, we've observed a decrease in the number of days on market, which is great news for sellers. Furthermore, immediate sales have seen a slight increase for the third week in a row.

If you're thinking about selling your home, it's important to be aware of the latest market trends in your area. At OC Real Estate, we're here to provide you with the most critical data points, such as days on market and the list price vs. sold price, to help you set realistic expectations for selling.

If you're thinking about buying a home, it's important to know the stats for your target area. We can provide you with information that will help you successfully purchase a property.

Thank you for tuning in to our weekly market report. If you or someone you know is considering selling, don't hesitate to reach out to us for more information. Until next time, I'm Eric with OC Real Estate.

Housing Inventory Dropped For The Fourth Consecutive Week! And Buyer Demand Has Increased! - February 13, 2023

Our housing market continues to see a drop in inventory for the fourth straight week. The pending sales have increased over the same time period. And, the days on market have also steadied.

The median list price for single-family homes in Orange County stays strong at $1,500,000, while the sold price has slightly lowered to 1.23% of the list price.

As we head into the spring selling season, we'll be keeping a close eye on inventory and new listings, as they play a key role in determining total sales and home values.

Mortgage rates are holding steady at around 6% for 30-year fixed jumbo loans. If you're in the market for a mortgage, don't miss out on the best portfolio mortgage product from US Bank. Their rates tend to be much lower compared to traditional mortgage companies and can save you a significant amount of money. Other banks offering portfolio loans are Bank of the West and Farmers and Merchants.

If you're thinking about buying a home, it's important to know the stats for your target area. We can provide you with information that will help you successfully purchase a property.

Strong Home Buyer Demand Eases Concerns Of A Crash. February 6th, 2023

Welcome to our weekly market report. Today we'll be discussing the latest trends in the housing market and what they mean for buyers and sellers.

As we enter 2023, we're seeing strong demand for homes, with a continuous increase in pending home sales over the last 3 weeks. This is a positive sign that suggests a healthy housing market.

In the latter half of 2022 through January 2023, inventory was increasing, which led many to fear that real estate could experience a dramatic loss of value. However, despite the increase in mortgage rates, the recent buyer demand has eased concerns of a real estate crash. We still expect inventory to continue to increase this year, but the demand is providing a sense of stability to the market.

The median home price in the US currently stands at $415,000, and we're hearing that many properties are receiving multiple offers. While we're not seeing a lot of overbidding, homes are selling for an average of 3.2% less than the list price in Orange County. In addition, price reductions are at their lowest since last August, which means that home values have remained strong.

If you're thinking about selling your home, it's important to be aware of the latest market trends in your area. At OC Real Estate Inc, we're here to provide you with the most critical data points, such as days on market and the list price vs. sold price, to help you set realistic expectations for selling.

If you're thinking about buying a home, it's important to know the stats for your target area. We can provide you with information that will help you successfully purchase a property.

Buyer Interest Has Spiked. Jan 17, 2023

It is clear that homebuyer interest is on the rise, as evidenced by the upward trend in Google Trends and the decrease in residential inventory for sale in Orange County. Additionally, the increase in properties with accepted offers and closed sales, as well as the decrease in median days on market for properties priced under $2,000,000, all indicate a strong increase in buyer demand.

However, it's important to note that the market for properties over $2,000,000 is still a buyer's market, with a longer median days on market. This means that it's crucial for sellers in this price range to understand the data for their specific neighborhood in order to set realistic expectations and potentially outperform homes that have been sitting on the market for longer periods of time.

If you're considering buying or selling in this market, it's important to analyze the data for your specific area and target neighborhood. The data signifies the sales cycle and it will tell us what buyers and sellers are expecting. Contact us to access the most current data, and to learn how to make the most of this upward trend in homebuyer interest.

The Median Home Price Went Up In The First Week Of 2023. Jan 9, 2023

This was unexpected coming out of the holidays. We don't expect this to be a trend but as usual, we will keep an eye on the weekly statistics.

2021 was a record year everywhere in the country for the number of home sales. Orange County had 35,189 closed residential sales. In 2022, rising mortgage rates caused total sales to drop to 24,403 by year-end, a 30% reduction from 2021.

We expect 2023 to resemble the prior year, with low inventory and total sales near 25,000. If mortgage rates remain near 6% the buyer demand will be muted.

Contact us if you're interested in the data for your area or your target neighborhood. If you're considering selling let's analyze the data, we can show you how to outperform the homes that are taking months to sell. If you're considering selling it's important to know the data for your neighborhood. The data signifies the sales cycle which will set your expectations for selling.

Home Values are Dropping Across the Country. How Will the Orange County Real Estate Market Respond? Dec 12, 2022

Nationally, the median home price of Single Family Homes has dropped to $415,000 from the high in May of 2022 of $450,000. In December 2021, the median price was $375,000 and the high in 2021 was $394,000. For the past 20 years, there has been a decline in home values during the holiday season. This month's sold homes are the new comparable sales setting the price/value of new listings.

In Orange County, the median list price of Single Family Homes is $1,400,000. The median sales price in December 2021, was $1,200,000, a 14% increase.

We are still not predicting a real estate crash. Inventory in Orange County and Nationally is at very low levels. At a national level, our inventory is 36% less than in 2019 and slightly higher than in the pandemic years.

In Orange County, our inventory is 3,017 which is 44.5% less than in April 2019 (pre-pandemic).

Inventory is the number one reason we will not have a massive real estate crash. Yes, values will come down but we won't see double-digit loss.

Are Orange County Home Prices Dropping? Nov 28,2022

Will Mortgage Rates Rise To 10% Nov 7th, 2022

Will The Real Estate Market Crash If Inventory Continues To Increase? Oct 31, 2022

Are Orange County Home Values Dropping? October 10th, 2022

Inventory is increasing even as new listings decrease October 3rd, 2022

How are mortgage rates affecting the housing market? September 26, 2022

Are they still building new homes? August 29, 2022

How's The Real Estate Market? August 22,2022

Orange County Housing Report July 25, 2022

Are you waiting for real estate prices to drop?

Has Real Estate Peaked?

Is there going to be a real estate crash? June 27th, 2022

Should I Sell My House?

We noticed on google trends that many people were asking if they should sell their house. The real estate market is changing along with increased interest rates, stock market downturn, crypto blood bath, and other worldly things that are pressuring the status quo.

The answer is complicated. The first question is what is your plan? What is your motivation? Where are you going? Can you buy a home or property in that location or is renting the right thing for you to do?

The concern for sellers is missing the opportunity to get the most money for your property. In the Orange County real estate market we have seen buyer competition and homes selling for over the list price. So, Yes, you can still cash in on your real estate in Orange County. Properties have not depreciated. The amount of price reductions has increased but that is due to overzealous sellers trying to test the waters with a high initial list price.

If you are concerned, we can look at the data together. From there we can create a plan that will be best for you. Take a look at targeted market reports here: https://www.ocrealestateinc.com/

And watch this quick video, I break down the recent data and future trends.As the country cools, The Orange County Market Stays Warm June 14, 2022

New High, Median Home Price Rises

May 2, 2022

In the U.S. the median sales price rose to $425,000

Price Reductions increased to 19% of listings
Immediate Sales continue to be strong accounting for 28% of the listings
Inventory increased by 6%, our highest increase of the year

Orange County median home price hit $1,020,000.

California County Home Pricing Trends Versus 1 Year Ago

SoCal median home price is $715,000 +17.0
OC median home price is $1,020,000 +18.9%
LA median home price is $788,000 +15.0%
Ventura median home price is $755,000 +15.5%
San Diego median home price is $750,000 +15.2%
Riverside median home price is $546,750 +20.45
San Bernardino median home price is $475,000 +21.4%

We are still seeing multiple offers on homes. Despite the higher interest rates, It's still a seller's market due to the high demand and low inventory.

Real Estate Market Trends to Watch in the 2nd Quarter 2022

The median sales price has increased again. This is not surprising, we always have a surge in activity at the start of the Spring Market. Buyers are still aggressively searching for homes to purchase and there are still plenty of aggressive offers.

We will be keeping an eye on these trends to see if the real estate market shows signs of slowing due to inflation and high mortgage rates.

Median Sales Price, still increasing
Price Reductions, price reductions have slightly increased to 17% which is well under the average of 25%
Immediate Sales, immediate sales are slightly down but still much higher than our normal average

Orange County April 12, 2022

672 New Listings
131 Coming Soon Listings
127 Back On The Market
Total sales volume is down due to a lack of inventory

The Back on the Market stat is up. We are seeing 15% of listings that go under contract fall out of escrow. The majority of the cases are due to the buyer not qualifying for their loan due to increasing mortgage rates.

Congratulations to Scottie Scheffler. Wow!! 4 wins in 6 weeks including The Masters!

It's Masters Week!!

Yes, it's Masters Week and TW is teeing it up.

In the first quarter of 2022 Orange County had 5,986 residential sales which is very close to the first quarter average over the last 10 years. Last year was the outlier with 7,543 sales in the first quarter. The average sales in the first quarter are typically 6,000.

With all the changes going on in the world the Orange County real estate market is ripe for change. But change in the real estate market is slow.

Despite mortgage interest rates increasing at a record pace, demand for residential real estate has increased. Buyers have been undeterred by the increasing mortgage rates and less affordability.
In 2018 we saw increased mortgage rates, that did not deter buyers from buying real estate. The Orange County real estate market is not as sensitive as other areas in regard to mortgage rates.
Standing inventory continues to be low with 1,501 current listings and 219 coming soon listings. The inventory has started to trend up which is normal for the spring real estate market.
Buyers are quick to write offers, knowing that the competition is fierce.
The National Median home price has increased to $410,000 from $325,000 in March of 2020. Analysts predict $430,000 by June.
Homeowners in Orange County have refinanced to record low mortgage rates and can't seem to find a reason to move/leave one of the best places to live on earth.

Inventory Hits Another Record Low

2/14/22

United States real estate market trends:

New median list prices normally surge this time of year. But at the moment the median list price is above the median market value for the first time ever! This is realtors and homeowners using the market data, pricing their homes above the recent sales.
Mortgage rates spiked faster in the past eight weeks than any time in the past twelve years. It will be interesting to see how this affects home sales. Remember that most people have already locked in low-interest rate loans for 30 years.
Active inventory is at a new low. New construction delays caused by supply chain issues are a major factor causing the low inventory. Places like Texas and Arizona have been building new homes at the highest rates, they have been delayed in some cases to 2023.
We have a record low number of homes in the foreclosure pipeline. Don't expect to see distressed sales or short sales. Homeowners are not short due to the record amount of appreciation. This is also a factor affecting the low inventory.
30% of homes listed for sale had immediately accepted an offer.
18% of homes listed for sale had a price reduction. The normal pattern would be 30%.

Orange County real estate market, past 7 days:

628 new listings or coming soon listings
1,152 homes accepted an offer or sold.

Inventory Continues to Fall

2/2/22

With current economic risks looming as increasing interest rates and a volatile stock market, the real estate market trends continue to be bullish.

271,913 total homes for sale in the country.

2,121 homes (1-4 units), townhomes and condos for sale in Orange County. This is extremely low inventory. To put this into perspective, in February of 2020 we had 4,906 homes, townhomes and condos for sale.

In Orange County over the past seven days we have had 126 homes listed as coming soon and 460 homes listed for sale.

43 homes accepted offers in the first week.
297 homes listed as under contract
329 homes listed as pending
385 homes sold in the past 7 days.

One interesting trend is the days on market has decreased for all price points. This tells us that the demand is high for all price points including the luxury market. It's normal for luxury homes to be on the market longer than homes priced under $1,500,000.

Fall Market...Even Less Homes For Sale?

November 3, 2021

Orange County currently has 1,831 homes, condos and townhomes for sale.
Under contract and pending is 2,931.
351 homes switched to under contract or pending within 4 days of being listed (immediate sales).
The average days on market is 18.
There is still high demand from qualified buyers.

Essentially zero homes exited the forbearance program and were then listed for sale. We are keeping an eye on this but still believe that homeowners are in good financial positions. We expect these homes to trickle onto the market not affecting the supply or market conditions.

Interest rates are still going to be the biggest factor for market changes. These are the current rates provided by Dave Cashion from Keystone Financial.

Forbearance ends...New Listings Don't Flood The Market

October 18th, 2021

The government mandated forbearance program has ended. Just over 1,200,000 mortgages were in the program and are now forced to start paying their mortgage or sell their home. The fear is they will flood the market with homes for sale and the increased supply will cause home values to go down. We don't think that will happen.

The forbearance program was a great deal. Homeowners saved cash while watching the value of their homes appreciate to record highs. This has put the American homeowner in an excellent financial position and the numbers are showing...No Inventory Spikes. We will keep an eye on this over the next year.

Orange County was down to 3,380 homes for sale in September. To put that in perspective, in 2020 we had 5,861 homes for sale. We see this downward trend to continue until early spring of 2021. The lack of inventory will keep the demand high as well as home values.

We like to help buyers find the right house during the holidays. Usually we have less competition with other buyers. We believe this year we'll still see a majority of buyers taking a "rest" during the winter months. Let's get out there and find a property.

Demand For Homes Stays Hot - Inventory Decrease

The media has reported that the real estate market has slowed. What does that mean? The "days on market" has increased to 35 days nationally and 26 days in Orange County. This is still an extreme seller's market. A balanced market would be close to 80 days on the market. The fall season historically has a reduction in inventory but we are not seeing the historic decrease in demand.

The demand for homes is still very high which is causing the home prices to stay strong. Most likely homes in Orange County will still be in a bidding war situation but homes priced over $1,000,000 are likely to receive fewer offers than just a couple of months prior. While homes priced under $700,000 will likely receive a ton of attention and a ton of offers.

Home values are 11% higher than last year.

The forbearance process is coming to an end. Some of the homes in the forbearance programs will come on the market but we believe that very few will come for sale. We will continue to look for trends with inventory that may prove us wrong.

In the past seven days Orange County has had 613 new listings. 735 closed transactions. 941 homes have been switched to pending or active under contract.

Did OC real estate market slow?

Southern California homebuyers took their feet off the gas pedal last month, causing the region's white-hot housing market to level off after six months of record-setting price gains.

The median price of a SoCal home, or the price at the mid-point of all sales, was $680,000 in August, down $1,000 from July, DQ News/CoreLogic reported Sept 21st.

There also were 541 fewer homes sold last month vs. July, a decrease of 2.2%. Market Slow Down The supply of homes for sale also has ticked up steadily over the past few months, giving buyers more selection and less incentive to bid higher for desired homes. DQ News/Core-Logic figures show that the six-county median was up $83,000 — or 13.9% — from August 2020, DQ News/Core-Logic figures show. That's an average gain of almost $1,600 every week for the past year.

Sales edged up, too, rising 8.1% from August 2020 levels. That's a comparatively small gain after a year of increases ranging from 17% to 96%.

At 24,565 sales, last month's total also was the smallest for an August since 2006. More sellers are reducing their asking prices, Zillow reported. Homes selling below asking prices increased 10.7% in Los Angeles and Orange counties and 10.3% in Riverside and San Bernardino counties. "There is probably some buyer fatigue in the market evident by lower sales-to list (price) ratios and fewer offers for homes on the market," said Selma Hepp, CoreLogic's deputy chief economist.

The traditional summer slowdown and more inventory also contributed to the August cooldown. The number of SoCal homes for sale has been ticking upward steadily since February, rising 18% to 42,756 homes for sale last month, Zillow figures show. "Another month of rising for-sale inventory gives shoppers more options to choose from and less competition," said Nicole Bachaud, economic data analyst at Zillow. That, in turn, "should help reduce bidding wars and further moderate rampant price hikes."

Here’s a breakdown by county showing year-over-year gains in medians and sales:
Los Angeles County’s median rose 13.4% to $785,000; sales were up 14.3% to 7,799 transactions.
Orange County’s median rose 12.5% to $900,000; sales were up 4.5% to 3,708 transactions.
Riverside County’s median rose 19.3% to $525,000; sales were up 6.4% to 4,271 transactions.
San Bernardino County’s median rose 22.4% to an all-time high of $465,000; sales were up 9.2% to 3,409 transactions.
San Diego County’s median rose 13.3% to $725,000; sales were up 3.5% to 4,267 transactions.
Ventura County’s median rose 14.8% to an alltime high of $740,250; sales were up 1.3% to 1,111 transactions.

August Housing Report...

The Data, The median home price (US) is $389,000. Up from $351,000 in 2020. It's the end of the summer now and prices are generally stable from here until November. Prices stayed elevated last fall and winter and the data suggests much of the same this year. We are still seeing immediate sales affecting the inventory numbers. We had 24,000 immediate sales again this week, which shows that while maybe there are fewer people in each bidding war, there are plenty of buyers waiting for any opening at all. We can see immediate sales this week especially strong in places like Phoenix and Miami which may be the first of the snowbirds buying now in preparation for the winter months. Still a very big chunk of the new listings are getting snapped up immediately.

The new listing volume is staying strong but we are not seeing a surge. The reason we are not seeing the surge we were expected is that two million homeowners are still in the forbearance program. And mortgage delinquencies have been declining.

Orange County August 2021 median home price reaches $900,000

August of 2020 the median home price was $794,000. August 2021 had 4,151 total listings which is down 1,800 from last year.

June, We are ready for the seasonal inventory increase

For the week of June 14th - June 20th (Happy Father's Day) the country had 110,000 new listings. Out of those 28,000 were immediately under contract. This is the time of year when inventory increases.

In Orange County over the past week we saw 699 new listings and total of 1,354 listings that were new, price adjusted or back on the market. We are at 49% of the active listings compared to June of 2019. The biggest change is the immediate sales. We (Orange County) have 1,060 properties under contract or pending.

May of 2021 active and pending listings are 4,146. May of 2019 active and pending listings are 7,148. Yes, that is a big difference in total inventory.

One thought, for those of you who are waiting for a crash. It appears that we will have a restrictive inventory for the next few years. The only thing that will improve the inventory is interest rates climbing and that's not a guarantee.

May 10th - May 17th Real Estate Market Report

In the United States, Inventory is up for the week! This is also the first week in over a year that prices did NOT climb. In previous years the market peak is near the end of June so we are seeing some similarities in regards to pricing.

There are no signs of distressed mortgages coming to the market. We've heard of a "big wave" of distressed inventory coming to the market but we are not seeing it. Distressed inventory accounts for 1% of the inventory in the United States. 1% is a very normal figure. The question still remains if the government is going to force the banks to work with their forbearance mortgages.

Orange County

Listing inventory in Orange County still remains at record lows. Our inventory has decreased in the past week down to 2,247 homes for listed for sale. Distressed homes for sale in Orange County account for less than 1% of the total listings.

Despite the "inventory shortage" Orange County had 3,374 residential real estate sales in April of 2021. This data is directly from the MLS and InfoSparks. In April of 2019, pre-pandemic, Orange County had 2,526 residential real estate sales. That doesn't look like an inventory shortage. That looks like a super hot market.

Huntington Beach Market Snapshot for May 18th, 2021

In Huntington Beach, the real estate market has been consistent for the past few months. The numbers that stand out, Price Decreased - 20% of the listings. This is still in the record low area. Since that statistic has been tracked the average listings with price decreases is closer to 35%.

We also have immediate sales which alter the days on market. Immediate sales occur when a buyers' offer is accepted in the first couple of days on the market.

The pandemic has improved a few local businesses. Mountain Mike's Pizza is an Orange County-owned company. They had a 13% increase in sales in 2020 and continue to grow into one of the top restaurant chains in the county.

Two Interesting New Articles Affecting Real Estate

It was exciting to see an inventory increase in the County last week. It has given some hope to our first-time buyer clients.

An article in the Orange County Register "First-time homebuyers are getting outbid by big companies" by Jeff Lazerson, on April 22nd tried to crush our hope. The article explained how buyers are competing against companies, large and small, who invest in Orange County property. These companies can be mom-and-pop shops, investor groups, publicly traded companies, pension funds and even large foreign behemoths. Orange County Investment Properties

The article discusses statistics in Southern California and the entire country. Orange County stands out because 3.5% of the residential 1-4 unit properties are owned by corporate entities. That is the highest in the region. Orange County also has the highest median home value by nearly $200,000. That is one factor that makes Orange County an attractive investment.

The other interesting article, Landsea Homes has bought land in San Juan Capistrano to build 132 homes. Landsea Group is a China real estate company.

This is a snapshot of Laguna Niguel on April 25th, 2021:

laguna niguel market report

Call or text 949-430-7500 if you have any questions.

Inventory Increased

The first time in 52 weeks the inventory increased! In the United States, the inventory went up by 1.6%. Not much but a huge milestone after 52 straight weeks of inventory dropping.

In Orange County, the active inventory increased by 6% or 144 homes. The largest increase since May 2020. The largest amount of new listings came in the price range of $750,000 to $1,000,000. 86 new listings or a 25% increase. $500,000-$750,000 had a 13% increase in new listings which equates to 41 homes. I know this doesn't look like much but this factored in with the price decreases equals good news for buyers. The price reductions are a sign of slower demand.

Huntington Beach Real Estate Market Report Snapshot, April 20, 2021

huntington beach real estate market report You can see the data for Huntington Beach.

14 days on market! Homes are selling fast.

24% of homes have had a price decrease/reduction. That is good news. Demand has started to slow down as inventory had the first positive upswing in a year.

You can see it's still a strong sellers market. In Orange County the inventory usually peaks in July or August. We may be on track for that to happen.

Call or text 949-430-7500 if you have any questions.

I can create a snapshot market report for your zip code.

April Housing Report...Economic Forecast Orange County

As the economy goes the real estate market goes. I've heard a lot of talk of a bubble but Anil Puri, Director California State University, Fullerton, Woods Center for Economic Analysis and Forecasting has indicated that the economic outlook for Orange County has climbed to the highest level since 2018. Citing vaccinations on an upswing, elections over with, coronavirus cases lowering and the economy opening up, optimism has clearly returned.

A third of the county's businesses are operating at or above the pre-pandemic level. And the county's largest source of jobs, Disneyland, plans to open at the end of April. The Anaheim real estate market will be effected by the reopening of Disneyland.

Call or text 949-430-7500 if you have any questions.

If you would like to be on our email list for new listings click here:

The first week of April had 665 new properties listed.

We had 1,970 go under contract or closed.

houses in orange county ca

The End of March Housing Report, Orange County

The data looks the same...More houses closed, pending and under contract than new listings.

The one indicator that we will focus on is the price reductions. Price reductions are still at an all-time low, 16%. This number has been steady for a couple of months. Analysts expect the price reductions to increase in April which is an indication that demand has decreased. Hopefully, this will be paired with an increase in supply.

This will be an important time for sellers trying to buy at the same time. Many have been waiting on the sidelines due to the lack of supply. If the analysts are correct, your time is coming. We feel like this is good news for our buyer clients and our clients who are ready to move up or downsize.

Logistics are an important factor when trading houses. No one likes to move and moving twice is a sign of poor logistics. We will negotiate the timing to allow for a single move with ample time. One strategy we have used during the pandemic real estate market is the rent back. Sell your house. Rent it back from the new owner. Identify your new house. Close on your new house. In one weekend, move out of your old house and move into your new house. It sounds easy and can be.

orange county real estate market

Orange County Housing Data:

Demand is still outpacing supply.

In the past, higher interest rates have decreased demand. Do we want that?

Our government has proposed a housing policy, a $15,000 first-time buyer tax credit. This policy will increase demand.

Can we get an inventory policy?? Affordable housing policy?

Normally, we see inventory decrease through January and then level off in February. This year will mark the first time in 13 years that inventory continued to decrease through February. Normally, we see an increase in inventory starting in March. What's going to happen in March of 2021?

2021 Housing Data for January

What does this graph/data tell us? This is One week in January!

Between Coming Soon, New Listings and Back on Market we have 719 "new" listings available in Orange County
Between Active Under Contract, Pending, Closed and Withdrawn 1,525 homes are now not available.

At this moment we have less than 3000 homes/condos listed for sale in Orange County. That's less than two weeks of inventory.

How can you get your offer to stand out amongst multiple offers?

Buyer frustrations are boiling over. I understand. It's difficult and emotionally draining. These are things you can do to get your offer noticed:

Your agent needs to write a complete offer and package it in one tidy pdf
It should include your preapproval letter from your lender, proof of funds for your downpayment and an introduction/cover letter.
Try to discover what the seller's needs/goals are. Besides the highest price, seller's often have "pain points" they want to avoid like long escrows and buyers that request lots of repairs.

We recently had an offer accepted that wasn't the highest price. We discovered how to net the seller the most money without offering the highest price. In this case, the house had $16,000 worth of termite repairs. Nine offers were submitted that required the seller to repair the termite damage. From the seller's perspective that can be overwhelming, maybe they are forced to move. They just want to get out as quickly and quietly as possible.

Our offer was "as-is". We were going to pay for the termite repairs and any small repairs that may be discovered during our home inspection. We kept the contingency on the offer in case there was major damage. In the case of major damage, we would then negotiate to have that repaired or the price reduced.

You have to be patient.

Housing data for the entire country to start 2021

Shall we pause from the lovely holiday photos to look at some INSANE real estate data?

Only 419,000 single family homes on the market in the entire country right now.

It wasn't that long ago when we'd start the year with more than 1 million.

With a combination of ultra restricted supply and super high demand, home prices climbed 10% this year.

Holiday Real Estate Market:

1,628 homes under contract or sold and only 402 new listings...

That equals a sellers market. Poorly constructed doghouses are starting to sell. I hope buyers are in a situation where they don't have to panic and make a tough decision. The new listings will rise in January. In the meantime, if you're a buyer, keep looking.

Real Estate Holiday Market...Seasonal Slow Down? Not this year!

Actually, yes, statistically speaking the real estate market has started to slow down. 3% decrease in active inventory, 7% increase in total demand and 10% decrease in luxury demand.

What does this mean? Continued competition for buyers and a hot seller's market. If you're a buyer the holiday season may present some opportunities while others are sleeping. Keep looking.

SoCal house values increased...

11-05-2020...by the largest amount in at least two years, with Inland Empire prices increasing at the fastest pace in the region, the CoreLogic Home Price Index for September shows.

Prices in Riverside and San Bernardino counties jumped 7.7% in September, the largest year-over-year percentage gain since May 2018, according to the index, released Tuesday, Nov. 3.

Economists say buyer demand shifted to non-urban areas like the Inland Empire since the virus forced more residents to work or study from home.

The median home price in San Diego County blew past the previous record to hit an all-time high of $634,000 in July.

That represented a 9.3% price increase over a year earlier, according to CoreLogic data provided by DQNews — the highest annual jump in nearly two years.

Los Angeles County, with the second-biggest gain, showed house prices rising 6.3% from September 2019 levels, the largest percentage increase since September 2018.

Orange County’s gain of 5.09% was the biggest since August 2018. The CoreLogic HPI confirms earlier housing market reports showing soaring home prices since mid-summer amid high demand and record-low mortgage interest rates.

A lack of homes for sale also created high competition among home buyers, with bidding wars pushing purchase prices even higher.

The traditional spring home buying season also shifted to the summer following the shutdown caused by the corona virus last April and May, when sales plummeted.

Nationally, the index value of a resale house increased 6.7% in September. CoreLogic officials called the housing market “a bright spot” in an otherwise struggling economy still burdened by high unemployment rates and a third spike in COVID cases.

“COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic,” CoreLogic Chief Economist Frank Nothaft said in a statement.

Improved containment of the virus could cause home price gains to slow as more homes are put up for sale, Nothaft said.

“Once the pandemic passes or a vaccine is widely administered, we should see a noticeable pick-up in for-sale homes,” he said. “And if the economy’s recovery is sluggish next year, distressed sales may also add to market inventory.”

Mortgage Delinquency Stats Improved For First Time Since Start of Pandemic

10/30/2020 Currently 2,320,000 homeowners are 90 days or more late on their mortgage...a 43,000 improvement from the prior month.

The mortgages that are less than 90 days late also showed improvement.

Foreclosure inventory has also improved. The CARES Act is directly affecting these statistics.

Sales of million-dollar homes doubled in September

On a national level, the median home price has risen during the pandemic. Surprising? It looks like the luxury market had a large impact on the statistics. Homes priced under $250,000 have increased in value by 4%.

Late on Rent Equals Late on Mortgage?

Orange County Real Estate Market Recap July 2020

I'm normally an optimist but I keep waiting for the market to crash...On a national level, home prices are up 7.5% since this time last year. The buying/selling season has been extended this year due to Covid. People are trying to optimize their lives for the new normal. They are looking for home office space and just more space. As we spend more time in our homes the need for privacy to conduct virtual meetings and to attend virtual classrooms has increased.

US median home price is $354,900

Orange County Home Prices

Orange County continues to see home prices on the rise. Demand continues to grow fueled by low-interest rates and the available homes for sale are among the lowest levels in years. We currently have 4,449 homes for sale compared to 7,488 at this time last year.

Do I think This Is A Good Time To Buy?

Taking advantage of the low-interest rates makes sense. Overall the answer to this question is different for everyone. I would ask a few simple questions.

Have you been employed during the pandemic? Do you have an essential job?
How much savings do you have to put down for the purchase and how much will you have left for reserves?
How long do you plan to stay in this house?

If we do have another "crash" you will need to be prepared to buckle down and ride it out for the best outcome.

Orange County Real Estate Market Recap May 2020

The Coronavirus pandemic has certainly left a mark on the planet. One positive outcome is the planet seems to be in a state of healing. Less travel has decreased air pollution levels and reduced the seismic vibrations on earth.

May offered 2,940 new listings bringing the total to 6,520. The increase in new listings is up from April by nearly 1000. This is important because we had a lack of inventory and a resurgence in buyer demand. The days on market in May moved to 74 days down from 121 days in April. It is now a seller's market.

A factor fueling the real estate market has to be the low-interest rates. We closed a transaction in May with a jumbo loan. Our client locked the rate at 2.99% for a 30-year fixed. We were all shocked.

Orange County Real Estate Market Recap February 2020

Below is a Core-Logic recap of our current Orange County Real Estate Marketplace for the month of February 2020. Source; OC Register, 4/19/2020.

Home Prices Resale Homes +8.6%, Resale Condos +5.0% and New Home Sales -17.7% Median OC home price is $748,000 up versus one year ago (New High) $1,000,000 plus homes represent 50.2% of all OC listings
Sales Volume Resale Homes +34.5%, Resale Condos +20.5% and New Home Sales +8.5% Home sales volume is 2,431 up versus one year ago Inventory is at 4,161 up from one month ago OC Average days on market; 60 days.
Interest Rates 30-year fixed Mortgage rate is 3.31%, down versus last week 15-year fixed rate is 2.87%, down versus one week ago Average Home Payment is $3,478.65 down versus one year ago ARM’s represent 12.5% of all mortgages
STATS of THE DAY 37% of all US homes have no mortgage! Of the remaining 63%, 1 in 4 have over 50% equity Newport Beach average household income was $122,709 in 2019 (twice the national average) California home price appreciation was 4.23% in 2019 (Lowest in 7 year) The average California FICO score in 2019 was 708, 20th among all states… 67 million homeowners are over the age of 55! Time to market to BABY BOOMERS!
Did you Know? There are 14,000,000+ residences in California There were 34,000 homes sold in Orange County in 2019 There were 35,100 homes sold in Orange County in 2018 There were 38,400 homes sold in Orange County in 2017 There were 37,900 homes sold in Orange County in 2016 There were 53,900 homes sold in Orange County in 2003 614 homes sell every hour in the United States! The median US home sales price in 2019 was $274,500 (+7.8% VLY) There were 5,340,000 homes sold in the US in 2019
Market Trends Southern California median home price is $550,000 +7.2% VLY OC median home price is $748,000 +6.9% LA median home price is $621,250 +6.2% VLY San Diego median home price is $587,000 +6.8% VLY Ventura median home price is $575,000 +1.8% VLY Riverside median home price is $400,000 +6.2% VLY San Bernardino median home price is $350,000 +4.5% VLY

Orange County Real Estate Agents Are Praying: "Flatten The Curve"

Thru March 2020:

First of all, we hope everyone is staying safe and healthy. These are trying times. We are focusing on the health and well being of our loved ones which includes mental health. At time of so much uncertainty, it can be difficult to cope with stress.

Housing demand and supply have been on a complete opposite curve as the Coronavirus curve. An extreme downward trend. We all want both curves to be inverted.

Thru January 2020:

Below is a Core-Logic recap of our current Orange County Real Estate Marketplace for the month of January 2020. Source; OC Register, 3/8/2020.

Home Prices Resale Homes +6.7%, Resale Condos +19.4% and New Home Sales -5.4%
Median OC home price is $747,000 up versus one year ago (New High)
$1,000,000 plus homes represent 49.7% of all OC listings

Interest Rates

30-year fixed Mortgage rate is 3.29%, way down versus last week
15-year fixed rate is 2.79%, down big versus one week ago
Average Home Payment is $3,451.55 down versus one year ago
ARM’s represent 12.5% of all mortgages

STATS of THE DAY

Newport Beach average household income was $122,709 in 2019 (twice the national average)
California home price appreciation was 4.23% in 2019 (Lowest in 7 year)
The average California FICO score in 2019 was 708, 20th among all states…
67 million homeowners are over the age of 55!

Did you Know?

There are 14,000,000+ residences in California
There were 35,100 homes sold in Orange County in 2018
There were 38,400 homes sold in Orange County in 2017
There were 37,900 homes sold in Orange County in 2016
There were 38,400 homes sold in Orange County in 2017
There were 53,900 homes sold in Orange County in 2003
614 homes sell every hour in the United States!
The median US home sales price in 2019 was $274,500 (+7.8% VLY)
There were 5,340,000 homes sold in the US in 2019

Market Trends

Southern California median home price is $550,000 +7.2% VLY
OC median home price is $747,000
LA median home price is $628,250 +7.4% VLY
Ventura median home price is $580,000 +.9% VLY
San Diego median home price is $575,000 +4.5% VLY
Riverside median home price is $401,250 +6.9% VLY
San Bernardino median home price is $355,000 +7.7% VLY

SoCal home prices rose slightly in October, 2019

Home sales jumped, the latest indication of a warming housing market.

The six-county region’s median price climbed 1.9% from a year earlier to reach $535,000 last month, according to Core Logic provided by DQNews.
Sales, increased for the 2nd consecutive month, rising 8.2% from Oct. 2018.
Recently there have been signs of a pickup. Economists attribute the change to rising incomes and falling mortgage rates that have made housing relatively more affordable. Average hourly earnings in California have risen by about 5% so far this year compared with 2018, according to the Bureau of Labor Statistics.
And the avg. rate on a 30-year fixed mtg. was 3.66% this week, according to Freddie Mac, down more than a percentage point from a year ago.
That saves buyers $260 on a monthly payment for a $535,000 house.

Most SoCal counties shared in the sales and price gains:

In L.A. County, the median price rose 4.2% to $620,000, sales climbed 5.6%.

In Orange County, the median rose 0.7% to $725,000, while sales climbed 6%.

In Riverside County, the median rose 3.9% to $395,000, sales climbed 11.4%.

In San Bernardino County, the median rose 5.2%, while sales climbed 8.1%.

In San Diego County, the median rose 2.6%, while sales climbed 10%.

In Ventura County, the median fell 3% to $580,000, while sales climbed 17%.

Home price gains are still muted compared with the beginning of 2018, which saw gains in the high single digits.

Bidding wars that drove buyers away were sitting on the sidelines as buyers aren’t willing to go extravagantly high on pricing anymore.

Chris Thornberg, founding partner with Beacon Economics, said the market should pick up further next year. “The economy is likely to keep growing, and California is likely to keep failing to build enough homes”.

In the third quarter, 31% of California households could reasonably afford to purchase the median-priced single-family house, according to the C.A.R.

That figure was 27% a year ago.

For those priced out, costs are high. Many renters who can’t afford to purchase a home are stuck paying unaffordable rent, putting them at risk of being forced from their communities & in the worst cases, onto the street.

Beyond a crushing human toll, there’s an economic cost as well.

An analysis released this week from the McKinsey Global Institute estimated the high cost of housing in L.A. County crowds out other spending and forces people into long commutes, reducing GDP by about 4% to 5%, or more than $30 billion annually.

SoCal Home Sales Soar 10.4% - Largest Jump in 3 years

OCRegister.com SoCal home sales rose 10.4% for the year ended in September 2019, the largest year-over year jump in nearly 3 years.For the month, 19,253 residences, newly built and existing homes, sold in the six-county region vs. 17,440 a year earlier, according to CoreLogic data The 10.4% rise was the largest jump since November 2016. Sales rose in all six counties for the first time in 29 months The rush to buy pushed up some prices. The 6 county median was $533,000 vs. $520,000 a 2.5% increase — but increases were in just 3 counties. Homebuying slowed in the past 2 years as higher loan rates, rising prices plus economic & political uncertainty scared off some house hunters. Sales had fallen, year- year, in 20 of the previous 26 months.

Housing Report for September 2019

Home Prices

Resale Homes +0.6%, Resale Condos -2.5% and New Home Sales -1.3%
All totaled, OC home values are down -0.7% versus last year Median OC home price is $720,000 up versus one year ago (-$20k from peak)
$1,000,000 plus homes represent 43.5% of all OC listings

Sales Volume

Resale Homes +10.8%, Resale Condos +2.5% and New Home Sales -39.8%
All totaled, OC sales volume is down +1.8% versus last year
Home sales volume is 3,273 up versus one year ago Inventory is at 6,860 down from one month ago
OC Average days on market; 87 days. Over $1,250,000 is 200+ days!

Interest Rates

30-year fixed Mortgage rate is 3.65%, up versus last week
15-year fixed rate is 3.14%, down versus one week ago
Average Home Payment is $3,335.09 down versus one year ago
ARM’s represent 12.5% of all mortgages

STAT of THE DAY

It has been an odd summer with listings only up .05% versus last year but still +6% above the 8-year average for this time of year. New escrows are up 7.6% versus last year but 2.6% below the 8-year norm.

Did you Know?

There are 14,000,000+ residences in California
US home ownership is at 64.4% (up versus last year)
California home ownership is 55.2% (up versus last year)
OC/LA home ownership is 47.3% (down from last year)
California led the nation in 2017 with lowest vacancy rate at 8.3%
There were 402,705 SFR homes sales in CA in 2018
There were 35,020 homes sold in Orange County in 2018
There were 37,881 homes sold in Orange County in 2017
It takes a $169,850 a year income to buy an OC median-priced home?
614 homes sell every hour in the United States!

Facts

Southern California median home price is $540,000
OC median home price is $719,500
LA median home price is $619,000
Ventura median home price is $599,000
San Diego median home price is $584,000
Riverside median home price is $390,000
San Bernardino median home price is $346,000

Real Estate Trends

Price adjustments are up across the US, CA and Orange County
Foreign investor purchases down 41% in CA versus last year
110k new homes in the US this year (down 65% from 1986)
CA bankruptcies rise for the first time in 8 years (+2% VLY)
Listings are at a 5-year high
The last time there were these many homes on the market was 2014
Orange County has 19% more inventory than this time last year
Escrows are down 2% and days on the market are up 18%
Only 1.19% of all OC properties currently listed as distressed

Real Estate Forecast

Core-Logic forecasts US home prices will increase 4.8% in 2019
CAR Forecasts California home prices will rise 3.1% in 2019
Cal State Fullerton forecasts a 4-5% prices in increase in SoCal in 2019
Chapman University forecasts a 2.9% price increase for OC in 2019

Orange County Housing Report for August 2019

Below is a Core-Logic recap of our current Orange County Real Estate Marketplace for the 22 business days ending August 8th, 2019. Source; OC Register, 9/8/2019.

Home Prices

Resale Homes +0.7%, Resale Condos -2.7% and New Home Sales -12.8% All totaled, OC home values are up -3.2% versus last year Median OC home price is $715,000 up versus one year ago (-$25k from peak) $1,000,000 plus homes represent 43.1% of all OC listings

Sales Volume

Resale Homes +1.1%, Resale Condos +1.9% and New Home Sales -32.9% All totaled, OC sales volume is up -2.3% versus last year Home sales volume is 3,134 up versus one year ago Inventory is at 7,307 down from one month ago OC Average days on market; 87 days

Interest Rates

30-year fixed Mortgage rate is 3.49%, down versus last week 15-year fixed rate is 3.00%, down versus one week ago Average Home Payment is $3,481.03 down versus one year ago ARM’s represent 13.9% of all mortgages

STAT of THE DAY This year’s sharply falling mortgage rates boosted the number of SoCal households that theoretically could qualify to buy an entry level home to 257,000! That’s a lot of new potential buyers.

Did you Know? There are 14,000,000+ residences in California US home ownership is at 64.4% (up versus last year) California home ownership is 55.2% (up versus last year) OC/LA home ownership is 47.3% (down from last year) California led the nation in 2017 with lowest vacancy rate at 8.3% There were 402,705 SFR homes sales in CA in 2018 There were 35,020 homes sold in Orange County in 2018 There were 37,881 homes sold in Orange County in 2017 It takes a $169,850 a year income to buy an OC median priced home? 614 homes sell every hour in the United States!

Facts Southern California median home price is $540,000 (sales up 3.7%) OC median home price is $715,000 (sales down 2.3%) LA median home price is $635,000 (sales flat 0%) Ventura median home price is $595,000 (sales up 6.2%) San Diego median home price is $580,000 (sales up 10.1%) Riverside median home price is $395,000 (sales up 8.6%) San Bernardino median home price is $340,000 (sales up 3.3%)

Trends Foreign investor purchases down 41% in CA versus last year 110k new homes in the US this year (down 65% from 1986) CA bankruptcies rise for the first time in 8 years (+2% VLY) Listings are at a 5-year high The last time there were these many homes on the market was 2014 Orange County has 19% more inventory than this time last year Escrows are down 2% and days on the market are up 18% Only 1.19% of all OC properties currently listed as distressed

Forecast CAR forecasts a -6.9% decline in sales for 2019 Core-Logic forecasts US home prices will increase 4.8% in 2019 CAR Forecasts California home prices will rise 3.1% in 2019 Cal State Fullerton forecasts a 4-5% prices in increase in SoCal in 2019 Chapman University forecasts a 2.9% price increase for OC in 2019

Orange County Housing Report for the month of July 2019

Facts

Southern California median home price is $541,250 (sales down 8.8%)
OC median home price is $738,000 (sales down 9.4%)
LA median home price is $618,000 (sales down 12.1%)
San Diego median home price is $590,000 (saleHome Prices
Resale Homes +2.3%, Resale Condos +2.2% and New Home Sales +14.7%
All totaled, OC home values are up +1.0% versus last year
Median OC home price is $738,250 up versus one year ago (-$2k from peak)
$1,000,000 plus homes represent 42.8% of all OC listings

Sales Volume

Resale Homes +0.0%, Resale Condos -5.0% and New Home Sales -36.3%
All totaled, OC sales volume is up -5.7% versus last year
Home sales volume is 3,447 up versus one year ago
Inventory is at 7,601 up from one month ago
OC Average days on market; 91 days

Interest Rates

30-year fixed Mortgage rate is 3.60%, huge drop versus last week
15-year fixed rate is 3.05%, down versus one week ago
Average Home Payment is $3,479.32 down versus one year ago
ARM’s represent 16.0% of all mortgages

STAT of THE DAY

This year’s sharply falling mortgage rates boosted the number of SoCal households that theoretically could qualify to buy an entry level home to 257,000! That’s a lot of new potential buyers…

Did you Know?

There are 14,000,000+ residences in California
US home ownership is at 64.4% (up versus last year)
California home ownership is 55.2% (up versus last year)
OC/LA home ownership is 47.3% (down from last year)
California led the nation in 2017 with lowest vacancy rate at 8.3%
There were 402,705 SFR homes sales in CA in 2018
There were 35,020 homes sold in Orange County in 2018
There were 37,881 homes sold in Orange County in 2017
It takes a $169,850 a year income to buy an OC median priced home?
614 homes sell every hour in the United States! s down 7.4%)
Ventura median home price is $580,000 (sales up 1.6%)
Riverside median home price is $399,000 (sales down 4.0%)
San Bernardino median home price is $340,000 (sales down 11.4%) Only 28.6% of all OC earners can purchase a home

Trends

Foreign investor purchases down 41% in CA versus last year
110k new homes in the US this year (down 65% from 1986)
CA bankruptcies rise for the first time in 8 years (+2% VLY)
Listings are at a 5-year high
The last time there were these many homes on the market was 2014
Orange County has 19% more inventory than this time last year
Escrows are down 2% and days on the market are up 18%
Only 1.19% of all OC properties currently listed as distressed

Forecast

CAR forecasts a -6.9% decline in sales for 2019
Core-Logic forecasts US home prices will increase 4.8% in 2019
CAR Forecasts California home prices will rise 3.1% in 2019
Cal State Fullerton forecasts a 4-5% prices in increase in SoCal in 2019
Chapman University forecasts a 2.9% price increase for OC in 2019

Orange County Housing Report, August 5th, 2019

July ended with a large number of active listings for Orange County and a slight increase in closed sales.

Total active listings: 9,260

New Listings in July: 3,664

Total closed sales: 2,865

Not much has changed from last month when looking at the numbers. The days on market has slightly increased. The data from the Infosparks and the CRMLS shows an average of 44 days on market.

Orange County homes for sale under $750,000

Orange County homes for sale $750,000-$1,000,000

Orange County homes for sale from $1,000,000-$2,000,000

Orange County homes for sale over $2,000,000

Orange County Housing Report, July 2nd, 2019

Total Active listings: 9,467 we had an increase in inventory from May

Single Family Homes: 6,169
Condos and Townhomes: 2,765

Closed Sales: 2,693 which is slightly down from May closings

Supply continues to be on the upswing while closings are slightly down. With the increase in active listings, it becomes more important to price your home correctly. The strategy of "testing the market" on the MLS is costing time and money. It costs more time on the market which statistically reduces the final sale price.

It will be very important to look at all the available data to price your home. Comparable sales, condition of the property, price per square foot can all factor in the price.

We will do the homework and then put together the right marketing strategy for your home.

Orange County Housing Report, June 1st, 2019

Total Active listings: 8,778 Timing the real estate market, Is now the right time to buy or sell?

Single Family Homes: 5,748
Condos and Townhomes: 2,601

Closed Sales: 2,935

Single Family Homes: 1,854
Condos and Townhomes: 1,009

Supply is on an upswing since December of 2018 which is the norm every year after the holidays. July of 2014 was our highest peak of inventory and we could surpass that in the next few weeks if demand stays soft.

We are showing a shrinking inventory of housing under $500,000 (currently 1,478). Housing units priced under $500,000 will have a tendency to sell quickly but the housing units at this price point are fading away.

Conversely we have 3,831 units for sale over $1,000,000 in Orange County.

Newport Beach Homes Listed Longer Than 100 Days

13 Bluefin Court, Newport Beach $875,000

Come on down to Nautical Mile in Newport Beach. This offering has it all...sophistication, luxury, and style, all packaged to make it one of Newport's best condo communit...

3 Beds
3 Baths
NP21021395 MLS
Active Under Contract Status

20431 SW Cypress Street, Newport Beach image

20431 SW Cypress Street, Newport Beach $3,875,000 ▼

True one off Custom 5bd, 6bth Main Home with 2bd/2bth ADU located in the Equestrian Area of the Back Bay of Newport Beach, newly built in 2010. Includes RV Parking w/Hook...

6 Beds
8 Baths
TR21071361 MLS
Active Status

20462 Birch Street, Newport Beach $39,950,000

None

5 Beds
9 Baths
NP22084117 MLS
Active Status

200 mcneil Unit 204, Newport Beach image

200 mcneil Unit 204, Newport Beach $995,000 ▼

HUGE PRICE REDUCTION! Welcome home to Newport Beach! Here's your chance to live the resort lifestyle in the highly sought after community of Versailles. This 2nd floor Co...

2 Beds
2 Baths
PW22149843 MLS
Active Status

326 Old Newport Boulevard, Newport Beach image

326 Old Newport Boulevard, Newport Beach $4,999,000 ▼

This landmark mixed-use property in a prime Newport Beach location includes a commercial condo (formerly occupied by a prestigious law firm) and 2 residential condos with...

PW22206509 MLS
Active Status

2 Rue Chantilly, Newport Beach $4,495,000 ▼

This gracious Big Canyon Golf Course view home has what counts: A location in the community of Big Canyon close to the West Gate for in and out exit and high securit...

4 Beds
4 Baths
NP22217098 MLS
Active Status

2168 E Oceanfront, Newport Beach $35,995,000

Discover an intimate living experience in harmony with the sand and sea at The Wedge House: a brand-new (2022) decadent-masterpiece flawlessly designed as an entertainer'...

4 Beds
4 Baths
NP22203218 MLS
Active Status

305 Grand Canal, Newport Beach $967,000

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. With stone-paved patios, a canal-side deck and a private boat mooring, this Bal...

4 Beds
3 Baths
23228797 MLS
Active Status

2152 E Oceanfront, Newport Beach $15,500,000

EXCEPTIONAL & UNIQUE INCOME PROPERTY POTENTIAL Located on the sand with no pedestrian boardwalk in the prestigious neighborhood of Newport Beach Peninsula Point, th...

NP23005137 MLS
Active Status

1232 W Oceanfront, Newport Beach $7,250,000 ▼

REDUCED - Oceanfront Building Opportunity With Plans Ready For City! Fabulous Mid-Peninsula, extra large (36'Wx103'D) parcel on the sand with an extra deep front patio. ...

2 Beds
2 Baths
NP23006658 MLS
Active Status

314 E Oceanfront, Newport Beach $6,995,000 ▼

The charm of Cape Cod meets the allure of Newport Beach at this elegant oceanfront residence on the Balboa Peninsula. Step onto the sand from your spacious front patio, a...

3 Beds
4 Baths
NP23004858 MLS
Active Status

1105 W Balboa, Newport Beach $6,250,000

Rare opportunity to purchase a new construction duplex located on the Newport Beach Peninsula. The front residence features two bedrooms and 2.5 bathrooms, with a total l...

5 Beds
7 Baths
NP23009472 MLS
Active Status

283 Cambridge, Newport Beach $500,000 ▼

THIS HOME IS AVAILABLE FOR LEASE $5200/mo option. Welcome to the beautiful seaside community of Bayside Village Mobile Home Community...the best kept secret of Newport Be...

2 Beds
2 Baths
OC23017907 MLS
Active Under Contract Status

1724 Port Ashley Place, Newport Beach image

1724 Port Ashley Place, Newport Beach $4,195,000

Step inside this expansive and elegant 3500 SF home in the highly sought after “Port Streets." This property is spacious and bright with fresh paint and upgrades througho...

4 Beds
4 Baths
OC23017651 MLS
Active Under Contract Status

1501 Mesa Drive Unit C, Newport Beach image

1501 Mesa Drive Unit C, Newport Beach $1,995,000

Welcome to Back Bay Townhomes, Newport Beach’s newest and most enviable new address for those who seek chic living close to high-end shopping, great restaurants and postc...

3 Beds
3 Baths
NP23020687 MLS
Active Status

1535 Superior Avenue Unit 38, Newport Beach image

1535 Superior Avenue Unit 38, Newport Beach $229,000 ▼

Excellent location! Very Affordable Beach cottage manufactured home LESS THAN A MILE to beaches and walking distance to Hoag Hospital, shops, and restaurants. Quiet, Cozy...

2 Beds
2 Baths
CV23023356 MLS
Active Status

331 WALNUT Street, Newport Beach $2,995,000 ▼

331 Walnut is located just moments from some of the best surfing, sunshine and sand in California. Featuring a gated front patio for extra privacy and built from the stud...

5 Beds
6 Baths
NP23037145 MLS
Active Status

4405 Channel Place, Newport Beach $2,995,000 ▼

Welcome home to this Stunning newly built Balboa Peninsula property! This soft contemporary property was custom built from the ground up with three bedrooms plus a loft, ...

3 Beds
3 Baths
PW23043660 MLS
Active Status

8 Saratoga, Newport Beach $475,000 ▼

Back Bay views on this second row property in Bayside Village with a LOW LOW LAND LEASE at $1651 monthly. This cabana home is in well kept original condition and has vie...

2 Beds
2 Baths
NP23036178 MLS
Active Status

5102 Neptune Avenue, Newport Beach image

5102 Neptune Avenue, Newport Beach $3,350,000 ▼

Here is the incredible beach paradise very rare income opportunity you have been looking for! This great property is all about location, location, location located smack...

6 Beds
4 Baths
23252781 MLS
Active Status

430 Tustin, Newport Beach $6,250,000 ▼

Welcome to 430 Tustin Ave, a stunning brand new coastal home located in the prestigious city of Newport Beach. This exquisite property offers a luxurious and relaxed life...

4 Beds
5 Baths
NP23047647 MLS
Active Status

400 1/2 Clubhouse Avenue, Newport Beach image

400 1/2 Clubhouse Avenue, Newport Beach $5,995,000 ▼

Escape to refined tranquility at this waterfront dream on the Newport Beach Peninsula. Ideally positioned on the quiet interior canal off of 32nd Street, this single-fami...

3 Beds
4 Baths
LG23047976 MLS
Active Status

2209 Alta Vista Dr, Newport Beach $4,250,000 ▼

Welcome to 2209 Alta Vista Drive in the beautiful Eastbluff neighborhood of Newport Beach, CA. Once you step foot into this stunning Mediterranean-style home you can trul...

6 Beds
6 Baths
OC23051513 MLS
Active Status

30 Bolivar Street, Newport Beach $430,000 ▼

This beautiful, fully remodeled beach cottage is located in Newport on the harbor, seconds away from the private beach. This one bedroom, one bath home is situated on a p...

1 Beds
1 Baths
NP23060552 MLS
Active Status

912 Zurich Circle, Newport Beach $5,150,000 ▼

This meticulously crafted, custom and recently updated Spanish Revival Lido Isle residence is timeless in its vintage style and located on one of the most desirable stree...

3 Beds
4 Baths
NP23059932 MLS
Active Status

215 32nd Street, Newport Beach $5,499,000 ▼

Everyone is waiting to see if the projections are accurate - Well we are spot on for the first 5 months of the year! Don't wait and miss out on this investment property. ...

NP23061062 MLS
Active Status

7206 W Oceanfront, Newport Beach $6,995,000

Indulge in the ultimate beachfront living experience in this charming traditional home with unparalleled panoramic views of the Pacific Ocean, Catalina, and stunning suns...

3 Beds
3 Baths
NP23056389 MLS
Active Status

4 Summer House Lane, Newport Beach image

4 Summer House Lane, Newport Beach $4,150,000

Welcome to your own private oasis - a stunning 2012 custom-built home tucked away in a peaceful cul-de-sac adjacent to the serene Harbor View Nature Park. As you enter th...

4 Beds
3 Baths
OC23064521 MLS
Active Status

6 Sea Cove Lane, Newport Beach $2,695,000 ▼

This renovated and expertly styled residence is set in the guard gated community of Sea Island- where you can have the best of two worlds- luxury amenities within the gat...

2 Beds
3 Baths
NP23066003 MLS
Active Status

124 Kings Place, Newport Beach $5,650,000 ▼

"Vacant lot " Front row located on a highly sought after street Kings Place, buildable vacant lot that you can build an incredible home with a spectacular Ocean View, New...

OC23069217 MLS
Active Status

218 Evening Star Lane, Newport Beach image

218 Evening Star Lane, Newport Beach $8,995,000 ▼

Located in what is indisputably one of the most in-demand neighborhoods of Newport Beach, 218 Evening Star Lane offers a rare opportunity to reside on a cul-de-sac street...

5 Beds
4 Baths
LG23069173 MLS
Active Status

215 32nd Street, Newport Beach $5,499,000 ▼

Everyone is waiting to see if the projections are accurate - Well we are spot on for the first 5 months of the year! Don't wait and miss out on this investment property. ...

8 Beds
7 Baths
NP23063693 MLS
Active Status

11 Hillsborough, Newport Beach $4,499,000 ▼

Welcome to 11 Hillsborough, an exceptionally remodeled 4 bedroom/4 Bath home in the highly sought after gated community of Harbor Hill. As you walk through the private ga...

4 Beds
4 Baths
OC23069595 MLS
Active Status

504 Evening Star Lane, Newport Beach image

504 Evening Star Lane, Newport Beach $9,995,000

Incomparable, elegant, and utterly decadent, this estate delivers a spectacle of waterfront living that very few have the privilege to enjoy in the prestigious Back Bay c...

4 Beds
5 Baths
NP23061846 MLS
Active Status

279 Cambridge, Newport Beach $469,000

BEAUTIFULLY UPGRADED 2 bedroom, 2 bath manufactured patio home in Bayside Village in the heart of Newport Beach is just a short stroll to the bay, private beach, bayfront...

2 Beds
2 Baths
NP23069808 MLS
Active Under Contract Status

221 Lexington Circle, Newport Beach image

221 Lexington Circle, Newport Beach $274,900 ▼

Location, Location, Location, You have found a hidden gem in the wonderful Southern California beach town of Newport Beach. Bayside Village Mobile Home Community, a water...

2 Beds
2 Baths
TR23070807 MLS
Active Status

306 E Oceanfront, Newport Beach $5,565,000

Welcome to 306 East Oceanfront a two cottage duplex, with an active short term rental permit, situated in one of the most desirable areas of Southern California, the Balb...

3 Beds
2 Baths
NP23066090 MLS
Active Status

1555 E Ocean Boulevard, Newport Beach image

1555 E Ocean Boulevard, Newport Beach $6,995,000 ▲

1555 Ocean Boulevard is just one house from the ocean in the exclusive Balboa Peninsula Point community of Newport Beach. This remarkable property boasts a sophisticated ...

4 Beds
5 Baths
NP23069666 MLS
Active Status

11 Harbor Island, Newport Beach $13,900,000

Welcome to the most exclusive and coveted island community in Southern California. Escape the mundane at your personal oasis, 11 Harbor Island, featuring 50’ of water fro...

3 Beds
3 Baths
NP23079378 MLS
Active Status

1076 Pescador Drive, Newport Beach image

1076 Pescador Drive, Newport Beach $8,750,000 ▼

Welcome to 1076 Pescador Drive, a four bedroom, four-and-one-half bath single-family masterpiece. This stunning architectural gem designed by noted architect Chris Light ...

4 Beds
5 Baths
NP23078984 MLS
Active Status

411 E Balboa Boulevard, Newport Beach image

411 E Balboa Boulevard, Newport Beach $3,380,000 ▼

Welcome to this stunning 3 bedroom, 3 bath home located on the Balboa Peninsula, just steps away from the ocean! As you step inside, you are greeted with a charming Dutch...

3 Beds
3 Baths
NP23079793 MLS
Active Status

2007 Port Provence Place, Newport Beach image

2007 Port Provence Place, Newport Beach $8,500,000

Nestled in the heart of the Port Streets community in Newport Beach, lies a rare gem of a home. This elegant property at 2007 Port Provence Place is a masterpiece of craf...

5 Beds
6 Baths
NP23079873 MLS
Active Status

2152 E Oceanfront, Newport Beach $15,500,000

Located in the most desirable spot on the sand (only six houses from the wedge in Newport Beach Peninsula Point), this home boasts stunning white water ocean views includ...

4 Beds
6 Baths
NP23080887 MLS
Active Status

2600 Newport Boulevard Unit 310, Newport Beach image

2600 Newport Boulevard Unit 310, Newport Beach $2,995,000

28th St MARINA BRAND NEW HIGH-END REMODEL, 4 BDRMS 2 BATHS, END UNIT - SINGLE LEVEL (NO STEPS IN HOME), BAY VEIW FROM BALCONY, ELEVATOR SERVED, SECURED SUBTERRANEAN PARKI...

4 Beds
2 Baths
IV23081425 MLS
Active Status

205 33rd Street, Newport Beach $3,899,000

Exceptionally rare on the peninsula, this luxuriously upgraded and remodeled duplex on Newport Beach’s exclusive Peninsula offers a AAA location and a grand total of 5 be...

NP23082185 MLS
Active Status

111 Via Mentone, Newport Beach $4,370,000 ▼

Welcome to 111 Via Mentone, a unique property in the highly sought-after community of Lido Island within Newport Beach. Nestled within a peaceful street, this home offers...

5 Beds
3 Baths
NP23083115 MLS
Active Status

122 Via Koron, Newport Beach $3,595,000 ▼

An authentic Mid-Century Modern gem awaits in the heart of the highly desirable Lido Island! 122 VIA KORON is a single level, 3 Bed/2 Bath home situated on a uniquely lar...

3 Beds
2 Baths
NP23086395 MLS
Active Status

61 Sea Island Drive, Newport Beach image

61 Sea Island Drive, Newport Beach $2,395,000

Experience modern living at its finest with this fully remodeled 2022 condo, providing a spacious layout and breathtaking panoramic views of the Big Canyon Golf Course fr...

4 Beds
4 Baths
OC23086830 MLS
Active Status

1050 Santiago Drive, Newport Beach image

1050 Santiago Drive, Newport Beach $4,990,000 ▼

Views Views Views! Owner recently submitted building plans to city for a new 3,900 sq ft custom single level home. Sweeping unobstructed views of the Back Bay, Fashion I...

4 Beds
4 Baths
NP23083510 MLS
Active Status

1419 Superior Avenue, Newport Beach image

1419 Superior Avenue, Newport Beach — Superior Medical Center $8,800,000 ▼

A RARE OPPORTUNITY FOR BUILDERS, DEVELOPERS, AND INVESTORS!! A 32,286 SQ FT LOT LOCATED IN THE HIGHLY SOUGHT OUT AREA OF NEWPORT BEACH, OFF PCH AND SUPERIOR AVE, IS NOW A...

IG23083845 MLS
Superior Medical Center Bldg.
Active Status

1914 Court Street, Newport Beach $4,749,000 ▼

HUGE $246K PRICE IMPROVEMENT. No better buy for a brand new 2023 construction home in Newport Beach. This modern coastal home is located on one of the most coveted street...

4 Beds
4 Baths
OC23077619 MLS
Active Under Contract Status

1217 E Balboa Boulevard, Newport Beach image

1217 E Balboa Boulevard, Newport Beach $12,995,000 ▼

A classic Hampton’s-inspired beach home set on a rare 45' wide parcel along the Balboa Peninsula oceanfront strand. Light, bright and abundantly spacious interiors conve...

4 Beds
5 Baths
NP23090923 MLS
Active Status

1421 Sea Ridge, Newport Beach $3,025,000 ▲

Harbor Cove, the 24-hour guard gated community is home to this beautiful remodeled property. Not only is it located in a prime location, less than a mile from Fashion Isl...

4 Beds
3 Baths
OC23091331 MLS
Active Under Contract Status

267 Revere Way, Newport Beach $349,000

Welcome to the best kept secret in the wonderful Southern California beach town of Newport Beach. Bayside Village Mobile Home Community, a water side community centrally ...

2 Beds
2 Baths
OC23094619 MLS
Active Under Contract Status

1245 W Balboa Boulevard, Newport Beach image

1245 W Balboa Boulevard, Newport Beach $4,250,000

The property consists of a beach cottage and a detached efficiency studio in the garage structure and 1 off street parking spot. The beach cottage was completely remold...

2 Beds
2 Baths
NP23093899 MLS
Active Status

355 Placentia Avenue Unit 20, Newport Beach image

355 Placentia Avenue Unit 20, Newport Beach $819,000 ▼

Medical condo across from Hoag Hospital and minutes to PCH and the 55 freeway. This attractive unit is located on the 3rd floor of a desirable medical building. One of th...

OC23096913 MLS
Active Status

308 Grand Canal, Newport Beach $8,395,000

An exquisite Balboa Island residence poised to deliver the very best of Newport Beach living. Set within the coveted "Little Island," this pristine waterfront oasis offer...

3 Beds
5 Baths
NP23096571 MLS
Active Status

1601 Port Barmouth Place, Newport Beach image

1601 Port Barmouth Place, Newport Beach $4,750,000 ▼

Introducing a remarkable opportunity to own a stunning, soon-to-be fully approved to remodel the current home into a modern masterpiece at 1601 Port Barmouth in the covet...

6 Beds
5 Baths
OC23096596 MLS
Active Status

38 Linda Isle, Newport Beach $31,000,000

Just completed, this bay front home occupies the most sought-after location on Newport Harbor. Set behind the manned gates of Linda Isle, this 5,500 square foot residence...

4 Beds
5 Baths
NP23099818 MLS
Active Status

206 Tremont Drive, Newport Beach $200,000

206 Tremont is a delightful residence nestled in the picturesque Bayside Village Mobile home community, located in the highly sought-after Newport Beach, California. This...

2 Beds
1 Baths
OC23090759 MLS
Active Status

307 Fernando Street, Newport Beach image

307 Fernando Street, Newport Beach $2,790,000 ▼

Exciting opportunity to own in Historic Balboa Peninsula, 1915 Balboa bungalow. turnkey home. Surrounded by the charms of the Balboa Peninsula and a quick walk from the b...

3 Beds
3 Baths
OC23101060 MLS
Active Status

6208 W West Coast Highway, Newport Beach image

6208 W West Coast Highway, Newport Beach $19,950,000 ▼

Investment Highlights; Seller Financing available at 5.50% interest only with 50 % LTV. Attractive 7.54% Cash-on-Cash return with seller financing. ProForma CAP Rate of...

IV23101301 MLS
Active Status

1310 W Bay Ave, Newport Beach $15,995,000

Welcome to your dream coastal retreat in Newport Beach, California. Located on the coveted Newport Beach peninsula, this magnificent bayfront property offers an unrivaled...

4 Beds
6 Baths
NP23101006 MLS
Active Status

12 Land Fall Court, Newport Beach $2,485,000 ▼

Welcome to your dream home in Newport Beach! This extensively remodeled condo is a true gem nestled in the heart of this coastal paradise. Boasting an elevated position a...

3 Beds
3 Baths
OC23103800 MLS
Active Status

127 E Bay Avenue, Newport Beach $5,495,000

Situated on a rare, 35' lot in a prime location, just a stone's throw from both the bay and the ocean, this custom-built residence stands as a testament to unmatched craf...

4 Beds
5 Baths
NP23101349 MLS
Active Under Contract Status

315 Signal Road, Newport Beach $4,895,000 ▼

Welcome to 315 Signal Road, located in Newport Heights' most desirable neighborhood of Cliffhaven, and on arguably the most coveted street in the neighborhood. The newly ...

4 Beds
5 Baths
OC23106390 MLS
Active Status

971 Bayside Unit 410, Newport Beach image

971 Bayside Unit 410, Newport Beach $3,995,000 ▼

Welcome home to this FULLY FURNISHED masterpiece and enjoy what beachside living is all about! This one-of-a kind, trophy asset is located in the exclusive gated communit...

2 Beds
3 Baths
OC23105987 MLS
Active Status

1726 W Oceanfront, Newport Beach $6,250,000 ▼

Welcome to 1726 W. Oceanfront, a Mid Century Modern-style beachfront home in a prime location with spectacular panoramic views of Catalina Island, Newport Beach, the Balb...

3 Beds
2 Baths
DW23107915 MLS
Active Status

407 39th Street, Newport Beach $6,999,000 ▼

Introducing 407 39th Street, a coastal contemporary masterpiece in the coveted community of Newport Island. Designed by architect William Guidero, w/ interior design by J...

4 Beds
5 Baths
NP23103227 MLS
Active Under Contract Status

5301 River Avenue, Newport Beach $4,995,000 ▼

Do not miss this exceptional opportunity to own just yards from the sand. Situated on an oversized corner lot within the quiet coastal enclave of West Newport Beach, this...

4 Beds
4 Baths
NP23111030 MLS
Active Status

2401 Margaret Drive, Newport Beach image

2401 Margaret Drive, Newport Beach $7,000,000

Custom built in 2018 and situated on one of the largest lots in highly sought-after Newport Heights, 2401 Margaret Drive merges form and function for effortless daily liv...

5 Beds
5 Baths
NP23113688 MLS
Active Under Contract Status

24 Bolivar Street, Newport Beach $715,000 ▼

Welcome to Lido Peninsula Resort Community! Discover the charm of this adorable 2-bedroom, 2-bathroom, 2-story home nestled in a prime location. With a private carport an...

2 Beds
2 Baths
NP23113541 MLS
Active Status

6 Wild Goose Court Unit 55, Newport Beach image

6 Wild Goose Court Unit 55, Newport Beach $1,375,000 ▼

This unique property is the best that Newport Crest has to offer! A home like this one is rarely offered on the market. The home itself has a spacious interior, vau...

3 Beds
3 Baths
NP23113747 MLS
Active Status

1232 W Oceanfront, Newport Beach $7,250,000 ▼

Oceanfront Building Opportunity With Plans Ready For City! Fabulous Mid-Peninsula, extra large (36'Wx103'D) parcel on the sand. One of only a handful of oversized water...

NP23115598 MLS
Active Status

327 Snug Harbor Road, Newport Beach image

327 Snug Harbor Road, Newport Beach $5,795,000 ▼

Nestled along the exclusive tree-lined streets of Cliff Haven, 327 Snug Harbor Road optimizes Newport Beach living. This iconic location is just a short walk or bike ride...

4 Beds
4 Baths
NP23115222 MLS
Active Status

2157 E Ocean Boulevard, Newport Beach image

2157 E Ocean Boulevard, Newport Beach $5,995,000

Every day is a day off at 2157 E Ocean Blvd. Merely one row in from the sand, this magnificent property offers a unique blend of luxurious living, beautiful views, and ex...

4 Beds
5 Baths
OC23114703 MLS
Active Status

1103 W Bay Avenue, Newport Beach $3,625,000 ▼

This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boas...

5 Beds
3 Baths
NP23115865 MLS
Active Status

1210 Kings, Newport Beach $10,999,998 ▼

Welcome to 1210 Kings Rd., a stunning bluff-top estate located in the prestigious city of Newport Beach, California. Situated on an expansive lot with breathtaking views ...

5 Beds
6 Baths
NP23117754 MLS
Active Status

609 E Balboa Boulevard, Newport Beach image

609 E Balboa Boulevard, Newport Beach $3,370,000

RARE SHORT TERM RENTAL PERMIT. Gorgeous 2 unit building in the heart of Balboa Village on the Peninsula in Newport Beach. The Second floor features a beautifully renovate...

WS23112288 MLS
Active Status

58 Sea Pine Lane Unit 58, Newport Beach image

58 Sea Pine Lane Unit 58, Newport Beach $1,695,000 ▼

Carmel meets Newport Beach - nestled amongst magnificent age-old Pine trees and fronting the Prestigious Big Canyon Golf Course, this property boasts a prime location! Sp...

3 Beds
3 Baths
NP23119623 MLS
Active Under Contract Status

309 Fernando Street, Newport Beach image

309 Fernando Street, Newport Beach $2,399,000 ▲

A remarkable opportunity awaits on the Balboa Peninsula charming home boasting three bedrooms, one bathroom, and a generous 1,343 square feet of living space, all nestled...

3 Beds
1 Baths
23283697 MLS
Active Status

1209 E Balboa Boulevard, Newport Beach image

1209 E Balboa Boulevard, Newport Beach $6,800,000

Cape Cod Cool. A stylish California beach house fresh from an au courant remodel. With a chic exterior color palette this oceanfront Balboa boardwalk home is a delight! ...

3 Beds
3 Baths
NP23119990 MLS
Active Status

2681 Crestview Drive, Newport Beach image

2681 Crestview Drive, Newport Beach $5,495,000

Welcome to 2681 Crestview Drive!! This is your chance to own this bright and airy custom, single-family luxury residence in the exclusive Bayshores waterfront community! ...

5 Beds
6 Baths
OC23119690 MLS
Active Status

1703 Plaza Del Sur, Newport Beach $925,000

New co-ownership opportunity: Own 1/8 of this professionally managed, turnkey home. Just minutes from Balboa Pier Beach, this completely renovated and redesigned 4-bedroo...

4 Beds
5 Baths
23287707 MLS
Active Status

1103 W Bay Avenue, Newport Beach $3,625,000 ▼

This is a rare opportunity to own a well-maintained mid-century duplex in the highly coveted "West Bay Ave" in Newport Beach. The property sits on 2,700 sqft lot and boas...

NP23119674 MLS
Active Status

1717 Irvine Avenue, Newport Beach $2,000,000

Coastal breezes welcome you home to this sought after Mid-Century Modern single story 3 bedroom & 2 bath home in Newport Beach. You will appreciate the easy in and out ci...

3 Beds
2 Baths
OC23099815 MLS
Active Under Contract Status

1577 Miramar Drive, Newport Beach $5,250,000

Welcome to 1577 Miramar Dr, a stunning 4-bedroom, 4-bath home located in the highly sought-after Balboa Peninsula Point. Just 40 steps away from the beach, this exception...

4 Beds
4 Baths
23288569 MLS
Active Status

270 Cagney Lane Unit 113, Newport Beach image

270 Cagney Lane Unit 113, Newport Beach $1,095,000 ▼

BACK ON THE MARKET at no fault of seller. SIGNIFICANT PRICE REDUCTION. Steps to the ocean, Summit Ridge Park, and the iconic Newport Beach Peninsula. Rarely available ...

2 Beds
2 Baths
OC23123009 MLS
Active Status

2626 Basswood Street, Newport Beach image

2626 Basswood Street, Newport Beach $3,649,000 ▼

Perfectly positioned within the sought-after enclave of Eastbluff in Newport Beach across from the verdant Blue Heron Park, this meticulously upgraded four-bedroom, four-...

4 Beds
4 Baths
NP23118816 MLS
Active Status

216 Kings Place, Newport Beach $8,995,000 ▼

Nestled in the prestigious neighborhood of Cliffhaven sits this meticulously crafted home showcasing only the finest features. As you approach the residence, its captivat...

4 Beds
6 Baths
23289367 MLS
Active Status

1102 W Oceanfront, Newport Beach $8,600,000 ▼

Nestled on an oversized corner lot, this magnificent two-story home offers a relaxed oceanfront living experience. Located in the heart of the Balboa Peninsula with its b...

4 Beds
4 Baths
NP23122569 MLS
Active Status

2115 Vista Entrada, Newport Beach $2,399,000 ▼

$!00K PRICE IMPROVEMENT! Step into luxury and coastal comfort at a front row home overlooking the Back Bay, in "The Bluffs" of Newport Beach. Located on one of the most p...

3 Beds
3 Baths
OC23117210 MLS
Active Status

20 Harbor Island, Newport Beach $64,000,000 ▼

Lying on the westerly side of Harbor Island, Newport Harbor’s most revered and sought-after private island locale, this stately period home has been lovingly kept for nea...

6 Beds
5 Baths
NP23124577 MLS
Active Status

304 Diamond Avenue, Newport Beach $4,699,000 ▼

Located in the heart of Balboa Island just moments from the public dock, this property showcases ~3,300sf with 6 bedrooms, 4 bathrooms and provides the ideal beach lifest...

6 Beds
4 Baths
23289153 MLS
Active Status

1521 Priscilla Lane, Newport Beach image

1521 Priscilla Lane, Newport Beach $3,395,000

Experience elegant coastal living in this upgraded 4-bedroom home in the desirable Dover Shores neighborhood. Prepare to be captivated by the meticulous attention to deta...

4 Beds
4 Baths
OC23115874 MLS
Active Status

1 Chadbourne Court, Newport Beach $5,950,000

Welcome to 1 Chadbourne Court—an unrivaled opportunity that beckons the sophisticated buyer seeking a true masterpiece. Prepare to be captivated by this extraordinary 4-b...

4 Beds
4 Baths
OC23131229 MLS
Active Status

421 E. Balboa Blvd, Newport Beach $2,550,000 ▼

Outstanding investment opportunity in the "Balboa Fun Zone" BTV. Each unit boasts 3 beds and 1 3/4 baths with 1250 room sqft BTV. Upstairs unit has been remodeled with op...

SB23130417 MLS
Active Status

306 Lexington Circle, Newport Beach image

306 Lexington Circle, Newport Beach $375,000 ▼

Welcome to the best kept secret in the wonderful Southern California beach town of Newport Beach. Bayside Village Mobile Home Community, a waterside community centrally l...

2 Beds
2 Baths
OC23132486 MLS
Active Status

68 Saratoga, Newport Beach $475,000 ▼

Remodeled cabana home with large patio yard plus KOI pond is located just steps to the Back Bay in Bayside Village. This property has a unique lot with oversized outdoor...

2 Beds
2 Baths
NP23131657 MLS
Active Status

3602 Marcus Avenue, Newport Beach $5,450,000 ▼

Over 41' of Bay Frontage and 3 Blocks to the beach on 1 1/2 lots. Very old duplex with 4 garages. Room to dock several boats up to 41' long. Units being rented month to m...

NP23133734 MLS
Active Status

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Orange County Real Estate Market Report September 18th, 2023

Orange County Real Estate Market Report September 5th, 2023

Orange County Real Estate Market Report August 21, 2023

Orange County Real Estate Market Report August 14, 2023

Orange County Real Estate Market Report August 7, 2023

Orange County Real Estate Market Report July 31, 2023

Orange County Real Estate Market Recap July 24, 2023

What Will Cause The Orange County Real Estate Market To Crash? - July 19, 2023

It's Tough To Be A Home Buyer Right Now - June 13, 2023

Orange County Market Report Showing Strong Buyer Demand And An Honorable Mention On Redfin - March 20, 2023

Buyer Demand Continues To Be High And Inventory Low - March 13th, 2023

Houses Sold For 10% Higher Than List Price This Week - February 27, 2023

Housing Inventory Dropped For The Fourth Consecutive Week! And Buyer Demand Has Increased! - February 13, 2023

Should I Sell My House?

New High, Median Home Price Rises

Real Estate Market Trends to Watch in the 2nd Quarter 2022

It's Masters Week!!

Inventory Hits Another Record Low

Inventory Continues to Fall

Fall Market...Even Less Homes For Sale?

Forbearance ends...New Listings Don't Flood The Market

Demand For Homes Stays Hot - Inventory Decrease

Did OC real estate market slow?

August Housing Report...

June, We are ready for the seasonal inventory increase

May 10th - May 17th Real Estate Market Report

Orange County

Huntington Beach Market Snapshot for May 18th, 2021

Two Interesting New Articles Affecting Real Estate

Inventory Increased

Huntington Beach Real Estate Market Report Snapshot, April 20, 2021

April Housing Report...Economic Forecast Orange County

The End of March Housing Report, Orange County

Orange County Housing Data:

2021 Housing Data for January

How can you get your offer to stand out amongst multiple offers?

Housing data for the entire country to start 2021

Holiday Real Estate Market:

1,628 homes under contract or sold and only 402 new listings...

Real Estate Holiday Market...Seasonal Slow Down? Not this year!

SoCal house values increased...

Mortgage Delinquency Stats Improved For First Time Since Start of Pandemic

Sales of million-dollar homes doubled in September

Late on Rent Equals Late on Mortgage?

Orange County Real Estate Market Recap July 2020

Orange County Home Prices

Do I think This Is A Good Time To Buy?

Orange County Real Estate Market Recap May 2020

Orange County Real Estate Market Recap February 2020

Orange County Real Estate Agents Are Praying: "Flatten The Curve"

Thru January 2020:

Interest Rates

STATS of THE DAY

Did you Know?

Market Trends

SoCal home prices rose slightly in October, 2019

Most SoCal counties shared in the sales and price gains:

SoCal Home Sales Soar 10.4% - Largest Jump in 3 years

Housing Report for September 2019

Real Estate Forecast

Orange County Housing Report for August 2019

Orange County Housing Report for the month of July 2019

Orange County Housing Report, August 5th, 2019

Orange County Housing Report, July 2nd, 2019

Orange County Housing Report, June 1st, 2019

Newport Beach Homes Listed Longer Than 100 Days

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