Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Saturday, August 8, 2009
Wednesday, July 8, 2009
Saturday, June 6, 2009
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)
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
Saturday, May 30, 2009
Monday, October 27, 2008
UCLA sees O.C. housing's bottom by next summer
Orange County Register
October 27, 2008
UCLA sees O.C. housing's bottom by next summer
By Jeff Collins
UCLA economists forecast today that Orange County will have a $500,000
housing market again, but not for five years.
The UCLA Anderson Forecast
for Orange County projects that home prices, which once grew at a 25%
pace, will fall 9% next year and rise only by 3.5% to 6% over the
following four years. The price is projected to reach $523,563 in 2013.
Still, the UCLA economists are calling a bottom to the market: Summer of
2009.
Prices, said UCLA Anderson Forecast Senior Economist Jerry Nickelsburg,
will begin stabilizing in "middle-to-late 2009."
Mortgage defaults and foreclosures are expected to reach their peak this
year and begin diminishing next year. As foreclosures drop, home prices
will stabilize and fire sale prices for foreclosed homes will no long
depress neighborhood home values.
Existing inventory of for-sale housing has declined from 22 months of
sales a year ago to eight months, the forecast reported.
The report notes that during the first six months of 2008, 38 of the 39
areas examined experienced a decline in median prices for existing
single-family homes.
Laguna Beach is the only area with positive price appreciation this
year, with the median value up 1.7%, the forecast said. The biggest
price drop this year so far was in Capistrano Beach, where the median
fell 45.2%, followed by Santa Ana (-36.9%), La Habra (-29.6%) and
Anaheim (-29.4%).
October 27, 2008
UCLA sees O.C. housing's bottom by next summer
By Jeff Collins
UCLA economists forecast today that Orange County will have a $500,000
housing market again, but not for five years.
The UCLA Anderson Forecast
for Orange County projects that home prices, which once grew at a 25%
pace, will fall 9% next year and rise only by 3.5% to 6% over the
following four years. The price is projected to reach $523,563 in 2013.
Still, the UCLA economists are calling a bottom to the market: Summer of
2009.
Prices, said UCLA Anderson Forecast Senior Economist Jerry Nickelsburg,
will begin stabilizing in "middle-to-late 2009."
Mortgage defaults and foreclosures are expected to reach their peak this
year and begin diminishing next year. As foreclosures drop, home prices
will stabilize and fire sale prices for foreclosed homes will no long
depress neighborhood home values.
Existing inventory of for-sale housing has declined from 22 months of
sales a year ago to eight months, the forecast reported.
The report notes that during the first six months of 2008, 38 of the 39
areas examined experienced a decline in median prices for existing
single-family homes.
Laguna Beach is the only area with positive price appreciation this
year, with the median value up 1.7%, the forecast said. The biggest
price drop this year so far was in Capistrano Beach, where the median
fell 45.2%, followed by Santa Ana (-36.9%), La Habra (-29.6%) and
Anaheim (-29.4%).
Wednesday, March 12, 2008
"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
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
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About Me
- Mark Gundlach (This Week In Real Estate)
- South Orange County, CA, United States
- Mark Gundlach has been a resident of South Orange County since 1986. For Mark, giving back to the community is a high priority. As a member of the Newport Beach Junior Chamber organization, Mark participates and raises money for charities such as the American Cancer Society and Rebuilding Together. Gundlach comes to HÔM Real Estate Group with a strong background in client service. Typically his clients are new to the market and have not worked with a real estate professional before, or those that may have had a challenging experience in the past. Mark provides his clients with a personalized blueprint of the real estate market, and details how they can benefit. Adapting to the changing market, Mark has extensive training in Short-Sale negotiations and has successfully assisted many clients in these specialized sales. Mark would love the opportunity to meet you and assist you in any way he can. If you or someone you know is in need of real estate services, contact him first. Conversely, if you think Mark could be a referral source for you, let him know how he can help you grow your business.