Orange County Median Home Price Went Below $400,000 - 02/28/12 08:05 AM
Orange County Median Home Price Went Below $400,000
 Yikes, the median home price went below $400,000 lowest in 3 years.  It was $392,000.  We saw the statistics for the Thanksgiving through January take a big hit here locally.  It was much slower than usual.  Sales have fallen 3 percent in January.  Last month's transactions were 26 percent below the January average of 2,540 deals over the past 24 years.  Yikes again.
Both prices and sales went down significantely and that is just not good for the housing sector in California.  A larger majority of absentee buyers or second home buyers are in … (10 comments)

Affordability Orange County's Housing Problem - 02/28/12 08:01 AM
Affordability Orange County's Housing Problem 
We are in the weak the weakest recovery since the Great Depression.  Part of that is the fact that under employment and unemployment is a serious problem that is not being committed to by the government.  With many of the folks down in income more than 3/4 of their incomes or out of business the small business owners are severely hurt.  The salaried folks are also hurt. 
So with that much of a down turn of incomes (3/4 of the origional) how do you afford a home that has only dropped 40 percent.  It just does not happen.  … (6 comments)

California Home Prices Drop 4.6 Percent 4th quarter - 02/28/12 07:51 AM
California Home Prices Drop 4.6 Percent 4th quarter 
Federal Price index places California as the 9th worst market in the Country.  California home prices dropedl 4.6 percent in the 4th quarter.  We are now off 44 percent from home prices over the past 5 years. 
An article in The Orange County Register quotes the FHFA economist Andrew Leventis, "late-year gains vs. the third quarter.  California prices rose 0.21 percent in the 3 months, one of 27 states - plus D.C. -with year-ending gains".  While FHFA's national index shows a 2 percent points price decline over the latest four quarters, 12 states and … (2 comments)

San Clemente Realtor Mark Paulson, Area Market Report 2/26/2012 - 02/26/12 08:50 PM
San Clemente Realtor Mark Paulson, Area Market Report 2/26/2012
This weeks market report for San Clemente and surrounding areas from San Clemente Realtor shows that Orange County Median Prices for the resale homes were down 5.9 percent, for new homes it is up 3.2 percent and for resale condos down 12.3 percent. The sales volume is down for resale homes 3.5 percent and up 1.1 percent on condos and down 1.0 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 15.4 percent and the sales volume is up 24.3 percent. Mission Viejo Zip Code 92692 sales prices are … (0 comments)

San Clemente Realtor Mark Paulson, Area Market Report 2/19/2012 - 02/20/12 09:57 PM
San Clemente Realtor Mark Paulson, Area Market Report 2/19/2012
This weeks market report for San Clemente and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 6.3 percent, for new homes it is down 1.1 percent and for resale condos down 9.6 percent. The sales volume is down for resale homes 2.5 percent and down 1.4 percent on condos and down 18.4 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 15.6 percent and the sales volume is up 48.3 percent. Mission Viejo Zip Code 92692 sales prices … (8 comments)

Obama To Be In Southern California Today and Tomorrow - 02/15/12 11:57 AM
Obama To Be In Southern California Today and Tomorrow
Today the Barack Obama will be in Southern California arriving at LAX and will be doing fund raisers today and tomorrow.  It is interesting to not the President is going to be traveling in Los Angeles at high traffic time again.  This is the Presidents 9 visit to California and the 6th to raise money.
He will then be in Orange County tomorrow.  I read that the President Barack Obama will be visiting South Orange County on Thursday in Corona del Mar.  According to the article in The Orange County Register he will … (12 comments)

Orange County Home Prices Moved Down In 90 Percent Of The Area - 02/12/12 09:32 PM
 Orange County Home Prices Moved Down In 90 Percent Of The Area
This is a sad state of affairs.  It is sad to see that Orange County has suffered with 90 percent of the home have lost value when their prices have moved down. Data Quick compaired 2010 and 2011 calender years and found  our median price of $480,000 is down 6 percent.   It is even worse news for condo owners with an 8 percent drop.
Only two zip codes had a positive up turn in both price and number of sales in the year 2011 and that was Newport … (12 comments)

San Clemente Realtor Mark Palson, Area Market Report 2/12/2012 - 02/12/12 09:24 PM
San Clemente Realtor Mark Palson, Area Market Report 2/12/2012
This weeks market report for San Clemente and surrounding areas from San Clemente Realtor shows that Orange County Median Prices for the resale homes were down 5.3 percent, for new homes it is up 16.4 percent and for resale condos down 5.8 percent. The sales volume is down for resale homes 5.7 percent and down 5.7 percent on condos and down 28.1 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 4.7 percent and the sales volume is up 62.1 percent. Mission Viejo Zip Code 92692 sales prices are … (2 comments)

Here Are 5 Tips For Renters - 02/09/12 01:03 AM
Here Are 5 Tips For Renters
If you are a renter and you were one of the folks that got crushed in the mortgage meltdown. You went through a short sale or foreclosure. You probably can get back into the market. Or if you are a renter and you have not decided to purchas a home or condo lets talk.
Here are 5 tips for renters to become a buyer of a home:
Check with a Realtor and find out the amount you will need to purchase a home. Some can get a one half percent down payment of the value of the … (27 comments)

San Clemente Realtor Mark Paulson, Area Market Report 1/29/2012 - 02/09/12 12:59 AM
San Clemente Realtor Mark Paulson, Area Market Report 1/29/2012
This weeks market report for San Clemente and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 4.7 percent, for new homes it is up 30.6 percent and for resale condos down 5.5 percent. The sales volume is down for resale homes 3.3 percent and up 1.0 percent on condos and down 27.0 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are up 11.4 percent and the sales volume is up 36.1 percent. Mission Viejo Zip Code 92692 sales prices are … (4 comments)

 
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Elite Home Sales Team Keller Wms. Realty

San Clemente, CA

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Address: 27101 Puerta Real, Mission Viejo, CA, 92691

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Over 40 Years Experience Representing Real Estate Investors and South Orange County Home Owners. We are Successful Real Estate Negotiators Networking to Deliver Results! www.markandtim.com


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