Homes for Sale Listing Inventory Down at Orange County CA Real Estate

Posted on May 16, 2012 by Harrison

Orange County real estate

Listing inventory of homes for sale at ORANGE COUNTY CA REAL ESTATE has dropped to lowest number since June 2005.

Orange County CA now have current active listing inventory of 5,883 – according to CRMLS.

Highest point was June 2011 – when Orange County had 11,388 homes for sale on the market – so homes for sale inventory has been cut almost in half.

Homeowners who want to sell should get their properties ready and listed now and as soon as possible – being smart to price homes correctly to sell in this market. Home Selling 2012

Irvine CA real estate and home selling maintains a solid pace – even with only 444 homes listed for sale – with average listing price of above $1 million.  279 Irvine homes went into backup or pending during the past 30 days – so average market time – the time it would theoretically take to sell all homes on market at this pace – is less than two months – and favors sellers. 

S696408

Woodbridge Irvine home – $1,060,000 listing price – 4 bedrooms and 3 baths - MLS# S696408 – IDX link

 

Contact us about Irvine and Orange County CA homes and real estate. 

 

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Source of information is ReportsOnHousing.com and CRMLS multiple listing service.

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County CA real estate

 

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Turtle Ridge and Luxury Real Estate at Irvine CA

Posted on May 9, 2012 by Harrison

Turtle Ridge Irvine

Turtle Ridge at Irvine CA – where residents and property owners are happy about communities with best of public schools, good jobs with career opportunities at private companies, some of the best weather anywhere, the University of California at Irvine, public libraries, places of worship, and excellent parks and biking trails.

People like Turtle Ridge Irvine for its hills ambiance, the quiet, views toward Newport Coast and the ocean, gated privacy, public parks, excellent schools, and some of the beautiful luxury homes in Orange County.

Brokers, Realtors and real estate professionals, have sold 26 Turtle Ridge homes so far this year – average sold price of $1,101,906 – which is average of 6.5 homes sold per month.

Turtle Ridge has 15 homes now in backup and pending status – some of these are short sales.

Turtle Ridge Irvine now has 28 homes listed for sale on the MLS – ranging from magnificent La Cima estate home with ocean view at $3,988,000 – to an Ashton Green condominium home at $425,000 – all with average asking price is $1,691,639.

S692351
Turtle Ridge home – $2,580,000 – 5 bedrooms and 5 baths – 4333 sf interior – MLS# S692351 – idx link

 

 

Turtle Ridge single family home listings

 

 

With current inventory of 28 homes for sale at Turtle Ridge – and selling 6.5 homes per month – average time on market to sell all homes would be about 4.3 months, which is balanced.

 

Contact us about Turtle Ridge at Irvine CA homes and real estate.

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Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Turtle Ridge Irvine and Orange County CA real estate

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Foreclosure Home Selling Market is on Hot Fire Pace at Orange County CA Real Estate

Posted on May 8, 2012 by Harrison

REO bank owned homes

Foreclosure properties are selling so fast at Orange County CA that average selling time for REOs – after lenders buy the properties at trustee auctions and list for sale again – is 18 days.

Orange County Property news

‎There are only 304 foreclosure REO lender owned homes now listed for sale at Orange County – this market needs more inventory to keep buyers happy.

Irvine CA – REO listings

Newport Beach CA – REO listings

Laguna Beach CA – REO listings

L36457
Laguna Beach – REO listing – $1,499,000 – 3 bedrooms and 3 baths - MLS# L36457 – IDX link

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Contact us about Orange County CA homes and real estate. 

Source of some information is ReportsOnHousing.com – and link to CRMLS - does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

HARRISON K. LONG – REALTOR® and broker associate, GRI – Coldwell Banker Residential Brokerage – 949-854-7747 (phone) – ExploreProperties@gmail.com (email) – CA DRE 01410855 – SFR short sale and foreclosure resource certified by the National Association of REALTORs® – now serving as an appointed director at California Association of REALTORs® – attorney member of the California State Bar Association #69137

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Turtle Rock Irvine and Orange County CA real estate

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Crystal Cove at Newport Coast CA Real Estate – Condo Residential Properties

Posted on April 30, 2012 by Harrison

Newport Coast, CA 

Crystal Cove at Newport Coast CA real estate offers glamour, lots of privacy and Pacific ocean blue water views and ambiance.

Newport Coast is a special place – with spectacular and panoramic ocean views from many of the homes and residential communities.  

 
U11003542
 Crystal Cove home – $2,375,000 – Santa Barbara styling at Newport Coast – 4 bedrooms and 5 baths - MLS# U11003542 IDX link   
 
Newport Coast condo home listings
  
Newport Coast now has condo residential properties listed for sale with average asking price of $1,125,828.

Newport Coast Live 

52 Newport Coast CA homes have sold so far this year since January 1 2012 – average sold price of $2,359,455

 Crystal Cove Listings

Pelican Hill listings

Costa Azul listings

Newport Coast single family home listings

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Contact Us about Crystal Cove and Newport Coast CA homes and real estate. 

Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers. 

Professional REALTOR® agent representation - help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Turtle Rock Irvine and Orange County CA real estate 

 

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Turtle Rock at Irvine CA Real Estate with Solid Values and Choice

Posted on April 24, 2012 by Harrison

TURTLE ROCK CREST

Residents of Irvine CA have lots to be happy about – communities with best of public schools, jobs with good companies in private industry, some of the greatest weather anywhere, the University of California at Irvine, public libraries, places of worship, and lots of parks and biking trails.

Turtle Rock Irvine residents are especially happy about the area’s attractiveness, hills with views, public parks. swimming pools and tennis courts, private HOA communities, two excellent elementary schools, hiking trails, and some of the nicest neighborhoods and homes in Orange County.

Turtle Rock Irvine

25 Turtle Rock Irvine homes have sold so far this year (through April 23, 2012) with average sold price of $856,850.

26 Turtle Rock homes sold during the same time last year – with average sold price of $886,207.

So Turtle Rock real estate sales and selling prices have remained stable from last year to this year.

43 Turtle Rock homes are now listed for sale at Irvine CA real estate – with average asking price of $1,065,923.

With current inventory of homes for sale, average time on market to sell all homes would be about 5 months, which is balanced and not favoring buyers or sellers.

explore turtle rock

TURTLE ROCK IRVINE – single family home listings

S686228
Turtle Rock Crest custom single family home – $2,389,000 – 5 bedrooms and 5 baths – 4850 sf interior –
MLS# S686228 – IDX link

 

TURTLE ROCK IRVINE – condo home listings

Contact Us – at 949-854-7747 – about listing and sale of Turtle Rock at Irvine CA homes and real estate.

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Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Turtle Rock Irvine and Orange County CA real estate

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Shady Canyon at Irvine CA Real Estate Sales and Listings Update

Posted on April 21, 2012 by Harrison

Shady Canyon at Irvine

Shady Canyon at Irvine has been a prized area for exclusive estate homes and private golf course since its development about 8 years ago.

 
Shady has about 400 homes or home sites – some of the most expensive in Orange County.

Shady Canyon Irvine14 of Irvine's most expensive homes have sold at Shady so far this year since January 1, 2012.

 

22 Vernal Spring – Sycamore home sold at Shady for $2,200,000

44 Blue Heron – Shady Canyon custom estate home – sold for $12,800,000 – highest price for an Irvine CA home sold during the past year

Average sold price for homes at Shady Canyon Irvine so far this year has been $4,245,000.

U12001365
Shady Canyon estate home – $9,999,000 – 7 bedrooms and 13 baths – 14,000 sf interior size – MLS# U12001365 – IDX link

SHADY CANYON AT IRVINE – HOME LISTINGS


Contact Us – at 949-854-7747 – about listing and sale of Shady Canyon at Irvine CA homes and real estate.

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Source of some information is CRMLS and IDX link – does not include that for new homes for sale or sold, those at trustee auctions after foreclosure, and includes those listed and sold by all agents and brokers.

Professional REALTOR® agent representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Shady Canyon Irvine and Orange County CA real estate

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California Property Tax & Mello-Roos Assessments – State Income Tax Filings Starting January 1, 2013

Posted on April 12, 2012 by Harrison

CA PROPERTY TAXES

California government has money and budget challenges – and is expected to crack down next year – for tax year 2012 – on property tax payers who have been taking the entire amount they pay (including Mello-Roos and special assessments) as deduction from California state income taxes.

Starting with 2012 tax bill (the one due in April 2013), the CA state Franchise Tax Board (re income tax) will require property owners to break down their property taxes into deductible and non-deductible portions.

Income tax deductibility

So property owners who have been deducting their Mello-Roos fees and school bond fees paid (which are sometimes very large in amount) will no longer be able to deduct those or any other special assessments, such as vector control or mosquito abatement.

This is not new, and the difference between deductible and non-deductible property taxes and assessments on California income tax returns has been around for awhile.  
Mello-Roos fees, which pay for roads, schools, fire stations and other public facilities in new developments, have not been deductible from state income taxes since the legislature authorized the special assessments 30 years ago.

This change in policy by California Franchise Tax Board is important for some California property owners.  Many home developments at South Orange County had public amenities paid through Mello-Roos bond districts.

Home and property owners will not be able to use these special assessment payments as CA state income tax deductions starting for this tax year 2012 – for California income tax filings starting January 1, 2013.

Home Buyers Should Know

California property buyers and owners should consult with an experienced income tax professional or attorney about their own situation – possible CA income tax deductibility for buying and owning real estate in California.

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This is for information only and not the providing of legal or tax services.  If you are a California property buyer or owner, you should consult with an experienced income tax professional or attorney about your own situation – buying and owning real estate in California.

Please contact us about listing and sale of ORANGE COUNTY CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

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Short Sales are Reality at Irvine CA Real Estate

Posted on April 10, 2012 by Harrison

Short Sales – not always the best or satisfying situation for sellers – and lots of challenges for prospective buyers – are nevertheless a reality and important part of Irvine CA real estate.Irvine CA short sales131 Irvine CA short sales have sold with closed escrows so far this year – up to April 8, 2012 – average sold price of $494,966.

That’s 26.4 percent of the 496 Irvine homes sold so far this year.

156 Irvine short sales are now in backup on the MLS – and another 91 short sales are now in pending sold status.

S670817
Turtle Ridge Irvine short sale listing – $1,385,000 - 5 bedrooms and 6 baths - MLS# S670817 – IDX link


P814682
Woodbridge Irvine – short sale listing – $760,000 – 4 bedrooms and 3 baths - MLS# P814682 – IDX link

Woodbridge Irvine – short sale listings

Woodbury Irvine – short sale listings

63 Irvine short sales are now listed for sale – See Irvine CA – short sale listings - which include those in backup and pending status on MLS 

 

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Source of information is CRMLS, and IDX link to MLS, includes those sold by all brokers and agents and does not include those sold at trustee auctions after foreclosure.  

Contact us about listing and sale of Irvine – and Orange County CA – homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

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OC Home Buyer Demand Gets More Solid – Orange County CA Real Estate

Posted on April 7, 2012 by Harrison

ORANGE COUNTY REAL ESTATE

Buyer demand is solid at Orange County CA real estate – and it should inspire seller confidence.

Turtle rock view toward east

Realtors and brokers resold 2,576 Orange County CA homes last month during March 2012 – with average sold price of $511,908.

That’s sold volume up 10.7 percent as compared with March 2011 – when 2325 homes were sold.

442 of those sold homes were REOs – or 17 percent of market.

629 of those sold were short sales – or 24 percent of that market.

So 41 percent of sold homes at Orange County during March this year were distressed properties (either REO or short sales).

OC pending home sales

According to Steven Thomas at “Reports On Housing” the Orange County home buyer demand is up – with pending sales during March 2012 up.

East Costa Mesa listings

And if we had a better supply of homes for sale, number of pendings would be up even further.


Irvine single family home listings

It’s a matter of time now – until this buyer pressure and demand for homes will result in home selling prices to go up.

buyers explore homes


Corona del Mar listings

Eastbluff Newport Beach listings

Huntington Beach listings

Laguna Beach – south Laguna listings

Newport Coast listings

Turtle Rock Irvine listings

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Source of information is Steven Thomas – ReportsOnHousing.com – CRMLS, does not include trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.

Contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

 

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Investor Buyers Like Orange County CA Foreclosure Values

Posted on March 28, 2012 by Harrison

Buyers and Investors like foreclosures

Investor buyers like foreclosures  at  Orange County CA real estate - with good values, low prices, and solid rents.

Orange County like all of California has a foreclosure funnel – with some homes underwater – with others delinquent in payments, with some now in foreclosure where notice of default have been filed – and others bank owned after foreclosure.

Investors aren’t afraid of that news and are ready to buy more foreclosures at Orange County CA than the market has ready to sell.

Investor buyers see that many trustee auctions are postponed, or canceled, and that a small percentage of those are actually sold to third parties or back to the banks as REOs.

OC foreclosure filings Feb. 2012

Investor buyers like to see more foreclosures at Orange County – ready to buy them all either at trustee sale auctions or on the REO market.

During February, 2012, Orange County real estate foreclosure filing numbers were down – foreclosure sales at trustee auctions strong to third parties – and buyer demand invites foreclosures to be started and completed.

OC foreclosure outcomes Feb. 2012

Investors bought 201 Orange County homes at trustee sale auctions during February this year, and buyers bought 342 REO homes on the open market during February.

Buyers and investors like foreclosures – good prices and value with high rents – at Orange County CA real estate.

Homes ending with foreclosure are either sold to third parties, or back to the banks as REOs, then eventually resold on the open market.

Orange County Ca real estate buyers are active and don’t need government help or incentives to clear up foreclosure properties. 

Orange County, CA

If you want information about foreclosure homes at any particular city in Orange County CA – investor opportunities - contact us.

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Source of information is Foreclosureradar.com and CRMLS.  This is for information only and is not the providing of legal services.  Buying foreclosure properties in California is risky, and buyers should use experienced Realtors for these transactions.

Contact us about listing and sale of Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Posted in Orange County buyer demand, Orange County real estate | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment