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Posts Tagged ‘Orange County Real Estate’

How The New Higher Tax Rates Will Affect Luxury Housing

January 7, 2013 Leave a comment

Click here – How The New Higher Tax Rates Will Affect Luxury Housing

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Home Sales Increase Across the Country

November 29, 2011 Leave a comment

We’ve just come off a weekend with positive retail news and our friends at Keeping Current Matters bring us a report by the National Association of Realtors that casts a positive signal for Real Estate…Home Sales Increase Across the Country.

The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year. Here are the state-by-state numbers.

The next time someone says houses aren’t selling, ask them which state they live in and show them the chart.

Dave & David Warner

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Just Listed – Laguna Woods

November 14, 2011 Leave a comment

Click here to see the Laguna Woods  Flyer

Click here for  your  Search MLS

Dave & David Warner
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Fullerton Market Study

October 14, 2011 Leave a comment

Sorry about the margins on the right, I don’t thiink any of the content is lost. If you want information on any other city let us know.

Thank’s,

Dave & David

Note: This message contains charts showing market activity. If the images are not displayed, please follow your ISP’s and/or your e-mail vendor’s instructions for unblocking HTML images.
Dear Fullerton All,Thank you for your interest in our Market Trends report.  I hope that you will find the information timely and useful in the buying and selling process.This report contains a snapshot of recent activity through the end of the last month in the area(s) of the market that may be of interest to you.  Note that Market Trends data is obtained from Multiple Listing Service, and may reflect slight changes as the data is updated throughout the current month.

As your First Team Real Estate agent, I have current data as of yesterdays’ reporting, and additional detailed interpretive tools are available.

If you have any questions, or would like more information, please don’t hesitate to contact me.

Dave Warner
Office Direct (949) 547-0480
Voice Mail (949) 234-1480
Fax (949) 240-5995
Home Office (714) 870-1028
Home Office (949) 547-0480
Mobile (949) 547-0480
Mobile (949) 547-0481
Email:callwarner.ft@gmail.com
Brea – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 110 103 101 94
Average Sales Price $491,804 $501,365 $463,785 $467,637
Days on Market 119 64 77 58
Pending Inventory 41 37 37 26
Total Sales 26 23 19 27
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
Fullerton – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 425 400 391 371
Average Sales Price $509,228 $471,186 $537,059 $477,101
Days on Market 91 103 98 97
Pending Inventory 94 99 100 68
Total Sales 49 64 67 70
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
Placentia – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 142 145 167 154
Average Sales Price $448,593 $435,256 $474,190 $488,733
Days on Market 137 87 97 129
Pending Inventory 47 35 37 31
Total Sales 27 17 20 23
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
Yorba Linda – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 340 355 361 339
Average Sales Price $632,896 $692,105 $683,433 $680,409
Days on Market 114 84 105 104
Pending Inventory 129 78 76 51
Total Sales 50 53 53 61
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
All reports presented are based on data supplied by the SoCal, Sandicor, MRMLS, and DARMLS or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Active Inventory Any property that has been submitted to the Multiple Listing Service (MLS) and is available for purchase is included in the Active Inventory calculation.  If, in a particular market area, the number is going up, it means that buyers have more options when choosing a home. In practical terms, the buyer has more power when negotiating a transaction. On the other hand, when this number is decreasing and there are fewer choices, the tables turn, the sellers have more control of the negotiation process and you begin to see multiple offers being made on properties. When the inventory numbers reach very low levels, multiple offers on the property are usually the norm.
Any property that is not submitted to the MLS, such as most ‘For Sale by Owners’, will not be reflected in this report.

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Average Sales Price The Average Sales Price is calculated by analyzing the prices of the properties sold in a particular market area within a 30 day period. The average sales price should not be taken as an absolute “fair market value.” There are many factors, i.e.: square footage, year built, number of bedrooms and baths, etc., that will play into an actual appraisal of the home. It is, however, an indicator of conditions in a given market area. As with Active Inventory, fluctuations in the numbers will benefit either the buyer or the seller. Higher average sales prices will often coincide with lower inventory, thus creating more demand for the property. When the average sales price starts to drop, the inventory will often grow, thus giving buyers greater leverage when negotiating a transaction.
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Days on Market The period of time between the listing of a property/submission to the MLS for sale and the property being sold or taken off the market is considered Days on Market.
The Days on Market numbers should be used in conjunction with the Active Inventory and Average Sales Price numbers in order to make an informed decision regarding what might be happening in the market.
A low number of Days on Market indicates that the market is very active because either the prices are very desirable or the inventory levels are very low and the demand for the property is strong. In these circumstances, the average sales price would tend to rise.
High inventory and decreasing average sales price will typically be accompanied by a larger Days on Market number.

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Pending Inventory The Pending Inventory Properties consists of properties that are in escrow. Because the Pending Inventory reflects the current pipeline of “transactions-in-progress”, it may give additional insight into the level of market activity, compared to looking only at Active Inventory and Total Sales and it can help determine when the best time to buy or sell is.
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Total Sales All properties that close escrow are considered sold and are reflected as Total Sales. Because these properties have actually closed escrow, this number shows the activity in a given area over a period of time, and it is, therefore, the true history of a market area.
A higher number in this category reflects a desirable change in that market, perhaps lower average sales prices or lower prices per property square footage, or perhaps the addition of a new facility, like a college or shopping/entertainment center in the area. A lower number can indicate higher prices or less desirable conditions.

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Why Can’t GM Build An RV As Cool As The One They Built in the 1940s?

August 5, 2011 Leave a comment

Damn — this 1940s “concept bus” is just so much cooler than any RV on the roads today:

The GM FuturelinerHow’d you like to drive one of these bad boys on your next road trip?

Futurliner c.1939

 

Dave & David Warner

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Summary of Weekly Mortgage Rates – August 4, 2011

August 4, 2011 1 comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.39 % 3.54% 3.18 % 3.02 %
Fees & Points 0.8 0.7 0.6 0.5
Margin N/A N/A 2.70 2.76

From Freddie Mac

Dave & David Warner

 
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You Hear a lot about the Case-Shiller Report….Here it is

June 28, 2011 1 comment

Indications are building that home prices are beginning to recover, the latest is Case-Shiller data for April that show no change in its adjusted composite index of 10 major metropolitan areas. Case-Shiller data are three-month moving averages which indicate actual gains for April given contraction in prior months. There’s still a lot of cities showing negatives but many areas out West, where some of the heaviest of the price contraction hit, are now moving into positive ground including LA and San Francisco. Year-on-year, however, the contraction is deepening, to minus 3.1 percent though this reading is compared against stimulus-boosted sales a year ago

Unadjusted readings are very positive though seasonality plays a big part in the housing market which benefits from warm weather. The unadjusted composite 10 index is up 0.8 percent in the month though the year-on-year rate remains negative at minus 3.1 percent (the same reading as the adjusted rate).

Today’s report falls in line with recent price indications in both the existing and new home sales reports. Housing data tomorrow will be highlighted by pending home sales which the National Association of Realtors has already promised will be very strong.

Definition
The S&P/Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the U.S. The composite indexes and the regional indexes are seen by the markets as measuring changes in existing home prices and are based on single-family home resales. The key composite series are for the longer-running, original 10-city composite series and the newer and expanded 20-city composite. A national index is published quarterly. The indexes are based on single-family dwellings with two or more sales transactions. Condominiums and co-ops are excluded as is new construction. The data are compiled for S&P by Fiserv, Inc. The S&P/Case-Shiller Home Price Indices are published monthly on the last Tuesday of each month at 9:00 AM ET. The latest data are reported with a two-month lag. For example data released in January 2008 were for November 2007.

[Chart]

 

Dave & David Warner
 

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