rancho santa margarita: Microscope on the Market - Rancho Santa Margarita
- 01/06/09 03:47 AM
When you are looking to buy a home in Orange County, or anywhere else for that matter, it is critical to drill down into the numbers for the sector of the market that you are looking at. Orange County numbers are wonderful benchmarks to know, but our market is made up also of submarkets within the OC. It's important to understand Absorption Rates, Average Days on Market, price per square foot, sale price to list price, etc. For every buyer I'm working with, I try to do an analysis that really tells the story of the market they are hoping to … (2 comments)
rancho santa margarita: OC - How Long Does it Take to Sell Your Home?
- 11/13/08 04:33 PM
Every now and then you see a headline touting the increase in sales in Orange County. Less than a week ago, Orange County Register's Jon Lanser posted '1-in-3 O.C. ZIPs See Homebuying Doubling or Better'. I love good news but it's important to drill deep into what these statistics are telling us. Price point is really one of the big players in this discussion. The movement that is taking place is great if you are a seller in the below $500,000 market. With the limitations in lending and lower pool of qualified buyers, sellers in the upper price points have to … (0 comments)
rancho santa margarita: Skip the Bailout; I Have a Better Idea
- 10/29/08 09:26 AM
There has been much discussion about the big bailout. But in case anyone with any influence is listening - I have an idea that could make a big contribution to our market recovery. Just call anytime and I'll share my insight with you - from the trenches. I'll be waiting for your call. For the rest of you that might be curious about what I have in mind, I'll share with you some of what happened to me this week. Brace yourself because I feel a rant coming on.... As I have said countless times on this blog, short sales are … (12 comments)
rancho santa margarita: Walkscore.com - Score the 'Walkability' of Your Home!
- 07/15/08 03:02 PM
There is something wonderful about living somewhere that is walking distance to everything. In Orange County, it's a not particularly common. During my brief couple years of living in San Francisco my husband and I would park our car Friday night and not move it until Monday morning. We walked to restaurants, movies, dry cleaner - everything. And I enjoyed my high school and college years in Ashland, Oregon where everything was just a short walk. It definitely gives you a greater sense of community - a neighborhood. There is a relatively new site that can assist buyers in 'finding a walkable neighborhood'. The … (2 comments)
rancho santa margarita: Market Conditions in Rancho Santa Margarita
- 05/28/08 10:44 AM
The short sale condition in South Orange County continues to have a severe impact on our market and on prices. Until some of the Bank Owned and Short Sale inventory diminishes - we will continue to have pressure on prices. That being said, you can see from the following graphes that the # of escrows is on the rise. Whether that is temporary seasonal buying, or an actual improvement in our market remains to be seen but I suspect the former.
If you break down the inventory by price, the number of distress sales is even more alarming in the … (0 comments)
When you are looking to buy a home in Orange County, or anywhere else for that matter, it is critical to drill down into the numbers for the sector of the market that you are looking at. Orange County numbers are wonderful benchmarks to know, but our market is made up also of submarkets within the OC. It's important to understand Absorption Rates, Average Days on Market, price per square foot, sale price to list price, etc.
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