The O.C. Coastal Market Is Not Immune To Foreclosures

Bank Owned Homes for Sale in Laguna Beach

Even the coast has been hit with distressed properties this year. Since January, twelve Bank-Owned homes have sold in Laguna Beach. Listed below are the two remaining active foreclosures.

1) Great panoramic

views of the Ocean, canyon & hills views. 2 bedrooms & 2 baths, large living room with fireplace & great views, step down dining area & kitchen at main level & large area-added/unfinished 3rd bedroom, bathroom, steam room & large walk in closet at lower level addition can be completed at buyers choice/discretion, great potential for Laguna Beach with ocean views!!!

2)Great Calliope Villas Condo-Penthouse style, corner unit at the top floor with Cathedral ceilings, 3 bedooms 2 baths, 2 car underground garage & 2 additional parking spaces, with wood floors,tiled baths & kitchen, French doors, wood shutters.Lots of built in desk, cabinets & office misc. Vaulted ceilings with fireplace at living room & sliding door to the view balcony,large master bedroom with wood floors, vaulted ceilings, large private full bath, walk in closet & a separate view balcony!!! Gated Security entry, elevator or stairs to front door, wonderful location & centrally located to the Village, 1 block to PCH & walking distance to Laguna's beaches, restaurants, galleries & shops.

This is a sign of the times. There are sure to be more Bank Owned homes in the high end, coastal real estate market to enter the game. This will undoubtedly put pressure on prices, and hopefully stimulate the sales cycle. Of the 77 homes sold in Laguna Beach this year, 12 were Bank-Owned.

For information on these or other market conditions, or to receive a Personalized Market Blueprint, please don't hesitate to call me at 949.307.5944

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"How is the Orange County Market?"

That is the standard question I am often asked when I meet someone new or when I talk to a friend, client, or past client. The truth is... Homes Are Selling!

I know that is a crazy concept to most of you due to the constant bashing we hear and read in the local media. Quite honestly, this couldn't be a better time to make a move. Whether you are a first-time buyer or an equity seller, you can not go wrong in this market. Give me a call and I'll break that thought down for you.

Call our market whatever you want (adjusting, bursting, correcting, etc.), blame it on whomever you feel must take responsibility (predetory lending, subprime meltdown, economic recession, etc). The fact remains that there is a reality to face here.

If you're looking for someone that tracks the local market, has the facts in black and white, and can provide a real-time blueprint of the market conditions and how you can benefit from it, call the ProMark Team of Coldwell Banker.

Dont forget to visit www.promarkteam.com

Mark Gundlach, Real Estate Consultant
949-768-2329/714-654-3750
promarkteam@gmail.com