orange county home selling: 2015 Orange County CA Home Selling Market Forecast - 01/05/15 02:02 AM
Orange County CA Home Selling Market Forecast for 2015

Overzealous sellers will be challenged by buyers who only are willing to pay the perceived fair market value during 2015. The FED might increase the Federal Fund Rate this year, and if that happens, mortgage rates will rise, and home affordability will go down. As more overzealous, optimistic homeowners get their overpriced homes on the market, some of them returning after unsuccessful selling in 2014, the inventory of homes for sale will rise to about 9,000, peaking by the end of August. Buyer demand will remain subdued, similar to 2014, since buyers will continue … (4 comments)

orange county home selling: Listing and Selling Your Home During the Holidays Can Be Wise - 12/15/14 09:05 AM
Some Orange County homeowners mistakenly believe that listing their home for sale during December isn’t a good idea and take their homes off the market.
3,058 Orange County homes sold during the past 30 days leading up to December 14.
The number of sales usually drops off during Decembers.  However, many purchase offers and contracts continue to be written during this time of year.
Sellers have new reasons to move forward with plans to sell homes during December and winter – instead of waiting until the busier spring and summer buying and selling seasons.
When U.S. Federal Reserve pulls back … (12 comments)

orange county home selling: East Costa Mesa CA Homeowners Like June 2014 Selling Prices - 07/14/14 03:17 AM
This East Costa Mesa home at 462 Esther sold for $1,710,000 last month during June 2014.     East Costa Mesa is about a 3-square-mile area at South Orange County and borders Newport Beach on the south, Irvine Avenue on the east, Mesa Drive on the north and Newport Blvd on the west. It's located about 2 miles from Newport Harbor and 3 miles from the Pacific Ocean.       East Costa Mesa homeowners cherish their large yards, and many want to expand their houses while some have already completed that transformation.       ECM is famous for its neighborhood charm, single-level ranch style … (6 comments)

orange county home selling: Prime Time for Home Sellers at East Costa Mesa - 05/20/14 01:41 AM
Prime Time for Home Sellers at East Costa Mesa   East Costa Mesa is about a 3-square-mile area at Orange County and borders Newport Beach on one side, Irvine Avenue on the east, Mesa Drive on the north and Newport Blvd on the west.   It's located about 2 miles from Newport Harbor and 3 miles from the Pacific Ocean.   Eastside homeowners like their large yard spaces, and many want to expand their houses while some already have.   ECM is famous for its neighborhood charm, single-level ranch style homes, ocean breezes, friendly people, bicycling on the streets, sports fields and recreation areas, and walking to restaurants … (1 comments)

orange county home selling: Orange County CA Home Selling Moderating Towards Value - 03/05/14 08:40 AM
Orange County CA Home Selling Moderating Towards Value and Price Orange County CA home selling reached its zenith last year during March 2013 – when the number of homes for sale listings was close to an all-time low – at the same time when mortgage rates on 30-year fixed loans were near an an all-time low.
Qualified buyers wanted to avoid missed opportunity during that time and were especially aggressive to get homes under contract.
So during March and April 2013, many Orange County home sellers listed their homes for sale, received multiple offers, and got them in escrow with highest … (4 comments)

orange county home selling: 7 Top Orange County Real Estate Trends to Look For in 2014 - 01/09/14 02:50 PM
7 Top Orange County Real Estate Trends to Look for 2014

The housing market in Orange County "staged a spectacular recovery" last year as home prices soared with double digit gains.  

2013 price appreciation through November was 22.6 percent year to date, the largest increase in nine years, according to DataQuick Information Systems.  
The new year 2014 will see more homes for sale with fewer investors in the mix and more buyers putting roofs over their own heads.  Home prices should stabilize this year, as most experts expect home prices to rise at a slower and steadier … (0 comments)

orange county home selling: Orange County CA Home Selling Markets Cooling Down - 10/29/13 09:58 AM
Orange County CA home selling markets are now more balanced - after fall season brought on some cooling.
Buyers are looking for value and are more patient - which is especially true when compared with March of this year 2013. 
Optimistic home sellers have flooded the market during the past six months, and active for sale inventory has almost doubled since mid-March.  6,333 active homes are now listed for sale - which is 2,290 higher number than same time last year 2012.
Some Orange County homeowners have listed their properties with high expectations after seeing what happened earlier this year when we had few listings and lots of buyers. 
Price appreciation has slowed and … (1 comments)

orange county home selling: Orange County Home Selling Numbers and Prices Moved Up Again August 2013 - 09/18/13 06:29 AM
Orange County CA homes for sale listings were up during August 2013 to 5,062 units, which provides buyers with better selection and opportunity.

Orange County home sales were at 3,477 units for August 2013, which is up 4.2 percent during August 2013 - as compared with same time last year August 2012.
Home selling prices were up more than 25 percent this year during August 2013 as compared with same time last year.
Hottest home selling area at Orange County is Irvine where 374 homes were sold during August, 2013 - including resales, new homes and those sold at auctions after foreclosure (according to … (2 comments)

orange county home selling: Sellers Careful List Pricing Still Key to Success at Orange County CA Home Selling - 07/22/13 05:10 PM
 
Home sellers will be successful at Orange County CA home selling when they pay attention to correct list pricing in this moderating market.
 
Sellers need to pay attention to current Orange County market with inventory of homes for sale up 21% - and buyer demand dropped by 16%. 
 
Orange County local markets are moderating toward balance - as compared with first six months of 2013 where sellers were in control.
 
Buyer demand was way up from January to March of this year 2013 when the number of listings was at an 8-year low.  Since March, buyer demand has dropped.
 
Since March 2013 the for sale … (0 comments)

orange county home selling: Orange County CA Home Buyers Continued to Push Prices Up During June 2013 - 07/18/13 03:17 AM
Orange County CA home selling markets continued to be aggressive with buyers during June 2013.  Median home selling price for all homes (single family detached, condo, and new homes) during June 2013 was $545,000 - which was up 20.3 percent as compared with last year June 2012.

 Number of Orange County home sales at 3,350 units during June 2013 was about the same as last year June 2012.

 
Single family detached homes at Orange County had median home resale price up 16.5 percent in June 2013 – to $661,740 - which was more than $93,000 above one year ago for June 2012 (according to … (2 comments)

orange county home selling: Top Reasons to Sell Your Orange County Home in This Market - 06/21/13 05:51 AM
Top Reasons to Sell Your Orange County CA Home Now in this Market

  1.  Moving for family or financial reasons.
2.  Moving up or to a larger home - Good Orange County home selling prices present sellers with options to clear their mortgage and move up to a bigger or better home. 
3.  Top Selling Prices - Home sellers have advantage at Orange County, and selling now while demand is high and supply is low will get you a great selling price.  Supply of Orange County CA homes listed for sale dropped to lowest level in more than 8 years.  Orange County homes continue to sell … (1 comments)

orange county home selling: Orange County CA Real Estate Sales and Prices Up For March 2013 - 04/22/13 07:42 AM
Orange County Ca real estate markets continued to be crushed with buyers during March 2013 - with home sales and prices up as compared with same time last year 2012.

 Resale home sales prices were up 22 percent this year March 2013 as compared with March 2012

Resale homes sale volume was up 10.1 percent
New home sales prices were up 12.5 percent
New home sales volume was up 38.3 percent
Resale condo prices were up 28.8 percent
Resale condo home volume was down 4.1 percent
Median home sold price was up to $505,000 - which is up 26 … (0 comments)

orange county home selling: Home Sellers Need to Be Careful About List Pricing - 04/17/13 08:02 AM

 
Home selling markets at Orange County CA real estate continue to be hot and need more sellers and for sale listings.  
Sellers have the advantage during this time.  
However, fundamental advice to home sellers is still "PRICE YOUR HOME TO SELL" - and stay away from temptation to go for a too-high vanity price.

Recent home price appreciation news at Orange County has homeowners excited, and some are testing the waters with ridiculous higher asking prices.
Home sellers should be careful and price their homes to sell and not just list for high price bragging rights. … (0 comments)

orange county home selling: Orange County CA Housing Markets Continue to be Tight - 02/20/13 05:35 AM
Orange County continues to have very tight housing markets and not enough homes listed for sale to satisfy buyer demand.

Broker Steven Thomas at his www.ReportsOnHousing.com said again this week that Orange County simply doesn't have enough homes on the market.

Orange County homes that are priced correctly and placed on the market these days are selling very quickly.
Number of homes sold last month January 2013 at Orange County is down from last year, because REALTORs® and brokers don't have enough homes to show and sell.
Number of active listings at Orange County - 3,271 homes - is close to … (2 comments)

orange county home selling: Cash Buyers Dominating Orange County CA Real Estate Markets - 02/03/13 10:54 AM
 
Orange County CA home buyers or putting enormous amounts of cash money into the buying process.
During 2012 year, Orange County buyers put $9.06 billion of their own funds into homes – that is cash spent in no-loan purchases plus down payments for sales with mortgages.
19 percent more cash was used for Orange County home buying during 2012 than during the past year 2011.
A shortage of for sale inventory at Orange County leads some sellers to favor cash buyers better than those with mortgages.
This big cash put into deals is a sign of home shopper confidence in … (4 comments)

orange county home selling: Why is Now Best Time to List and Sell Your Orange County CA Home? - 01/11/13 04:35 AM
 
Why wait for springtime to list and sell your Orange County CA home?  Buyers are ready now.  It's the best time for home sellers. 
Buyers are crushing markets at Orange County.  Fewer homes are now listed for sale, which creates big-time buyer competition, with multiple offers and rising selling prices.

Mortgage loan rates remain excellent and near all-time lows - home loan opportunity perhaps not to be seen again for years.
Cities and areas at Orange County now have lowest number of homes listed in years:  
Irvine -  211 homes now listed for sale  Costa Mesa - 55 homes … (2 comments)

orange county home selling: Huge Sellers Advantage at Orange County CA Real Estate - 01/07/13 02:50 AM
With enormous drop in number of homes listed for sale - Orange County CA sellers have big market advantage.
3,161 Orange County homes are listed for sale now, which is lowest point in at least eight years.

 
At the same time buyers got motivated during February 2012, number of listings started to drop - eventually down 62% by the end of the year 2012.
Buyers understood their opportunity with low mortgage rates, got off the fence and bought lots of Orange County homes during 2012.
 
Average market time at Orange County home selling (the time it would theoretically … (2 comments)

orange county home selling: Orange County CA Home Prices Expected To Be Up This Year 2013 - 01/02/13 04:44 AM
 
After Orange County CA home prices hit bottom during December 2011, markets have improved with lots of buyers and investors.
People now wonder what to expect for Orange County CA home selling and prices this year. 
 
Number of Orange County foreclosures is way down, and markets are selling distressed properties almost as fast as they are listed.
So-called "shadow inventory" of underwater homes is said to be smaller now.
 
Buyers with urgent ideas to act will decrease supply of homes listed, which will result in buyer competition and higher prices.
OCRegister.com reported that "Growth creates demand for housing" … (0 comments)

orange county home selling: Mortgage Rates Again at All-Time Lows - Great News for Home Sellers - 11/25/12 12:35 AM
 
Mortgage rates again at all-time lows creates fantastic opportunity for home and property sellers to get best possible price in years.
From Freddie Mac’s weekly survey (as of November 22, 2012), and for the second week in a row, we see new all-time record lows on 30-year and 15-year fixed-rate home loans.
The average 30-year fixed rate dropped to 3.31 percent and 0.7 point from last week’s 3.34 percent and 0.7 point.  
The 15-year fixed landed at 2.63 percent and 0.7 point, down from last week’s 2.65 percent.
The five-year ARM remained the same from last week … (4 comments)

orange county home selling: October Surprise - Orange County CA Buyers Crush the Market - 11/18/12 07:57 AM
 
3 out of 4 Orange County CA homes for sale went into escrow last month during October 2012 - and many more for sale listings are needed to meet growing buyer demand.
Buyers seeing value in moderated home prices and low interest rates have caused average market time for OC homes to be amazingly fast.
Orange County experienced in October the largest housing market rebound since 2006.
Home selling prices hit a four-year high - Median sold price reached $455,000, a 12.3 percent increase over October last year.
Homebuyers completed 3,148 purchases during October 2012 - up 40.5 percent … (0 comments)

 
Harrison K. Long, REALTOR , GRI, Broker associate, Attorney (HomeSmart, Evergreen Realty)

Harrison K. Long

REALTOR , GRI, Broker associate, Attorney

Irvine, CA

More about me…

HomeSmart, Evergreen Realty

Address: 9901 Irvine Center Drive, Irvine, CA, 92618

Office: (949) 854-7747

Mobile: (949) 701-2515



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