What does 2.5 million get you in today's market?

By
Real Estate Agent with Momentum Realty Group
https://activerain.com/droplet/lLr

 

 

 

Orange Park Acres

http://www.redfin.com/CA/Orange/7202-E-Tanglewood-Trl-92869/home/4381469

 

Even with the median listing price falling to $446,000 in Orange County, there is still an abundance of luxury homes available for those who are willing to pay the price.  So, I thought it would be interesting to see what an even 2.5 million gets you in today's market.  According to redfin.com there are exactly nine homes listed at that price, ranging from the hills of secluded Orange Park Acres to the beautiful coast of San Clemente.

On the other hand, if you have that kind of money laying around and you are still leary of the housing market, there are other options out there to explore.  Check out this gem that I happened to run across while perusing the web.  http://omg.yahoo.com/blogs/now/2-5-million-bra-171617340.html

 

So, whether you are looking for a modest home or high priced apparel, I am definitely here to help close the deal! (Not sure what the commission is for a high end brassiere, but I'm sure we can work something out)

 

2.5 million dollar bra

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Thanks,

Mike Engeman

Momentum Realty Group


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Rainmaker
1,402,753
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Amazing story. Look at the difference. I would certainly take the house, but then there is property tax and upkeep, LOL!

Oct 20, 2011 06:14 PM #1
Rainer
14,325
Mike Engeman
Momentum Realty Group - Irvine, CA
Irvine Real Estate Specialist

That's funny.  I didn't consider the property tax, so now I'm leaning the other direction...lol

Oct 20, 2011 06:28 PM #2
Rainer
162,221
David Farrell
David V. Farrell Co. - Garden City, NY
Licensed NY State Real Estate Broker

I guess, if I were to make a coment, and that's what I'm doing, the only word I can think of is 'bizarre'.

Oct 20, 2011 06:47 PM #3
Rainmaker
335,186
Art Welch
Superstars Realty - Buckeye, AZ
Broker

Are you finding buyer's that still get the 1 to 2 million dollar loans, and who is lending?

Most of the purchases here at over 1 million are always cash?

Oct 20, 2011 06:51 PM #4
Rainmaker
856,737
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

There are a number of properties that are over that value in Newport Coast alone.

Oct 20, 2011 06:51 PM #5
Rainmaker
2,016,675
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

It seems so far out to think of all those zeros for a property, one place in a land of quality homes for $40, $50, $60K. Rural real estate markets where you could buy 1200 acres, 8 homes and still have money left over under that $1 million dollar spending spree in my rural Maine market.

Oct 20, 2011 10:32 PM #6
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Rainer
14,325

Mike Engeman

Irvine Real Estate Specialist
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