Orange County Blog

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2nd Quarter 2013 Orange County Condo Market Results

Saturday, July 27th, 2013 at 6:46pm. 3203 Views, 0 Comments.

 

Open publication - Free publishing

Luxury High Rise Inventory has Nearly Tripled Since Q1 2013

Recent news reports have encouraged many luxury condo owners to list their homes in order to test market interest.  In the Q2 2013 Orange County High Rise Condo Market Report the Luxury High Rise Market Listing Inventory has almost tripled!  The market has positively shifted from a big shortage to again having options.  Additionally, interest rates have trended sharply upwards; it yet remains to be seen how this rise in interest rates will impact luxury condo values.  

Buyers are Much More Conservative than "Back in the Day" 

The Mindset of today's buyer is marketly different from the buyers in 2007.  Buyers are now more cautious…

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Quick Tip for Getting Rid of Smells in Your Condo!

Tuesday, January 15th, 2013 at 8:04pm. 904 Views, 0 Comments.

We come across alot of smells in our orange county condos ... mostly smells from different kinds of ethnic foods .. maybe smells of smoke .. but one thing that we found that will take out that smell for almost free - is Vinegar!

Vinegar will neutralize odors and cutt back on dust too by the way .. to get rid of smells .. really simple tip .. boil a cup of vinegar in 2 gups of water and in 15 minutes, voila .. smell will be gone ..

Do you have a tip to share? email us at veronica@condosetc.com! we would love to hear and share!

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2012 Market Report for Orange County Highrise Condos

Thursday, January 10th, 2013 at 2:23pm. 975 Views, 0 Comments.

Open publication - Free publishing - More 3000 the plaza

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Orange County Real Estate Market Update!

Friday, November 30th, 2012 at 11:23am. 823 Views, 0 Comments.

Just as the real estate market depends upon the neighborhood, the price range is an extremely important factor too.

Three Distinct Markets: Every price range has dramatically improved in the past year, but some ranges are hotter than others.

Let’s start with the hottest price range and the most hype, homes below $750,000. Of course the hype is well deserved. Homes below $750,000 account for 57% of current active listing inventory, an astounding 82% of demand, and an expected market time of just 24 days. That means that homes priced above the range account for 43% of the listing inventory and only 18% of demand. So, it is safe to say that the lower price ranges are on fire. These are the ranges where they are selling…

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How to get a high FICO Score

Friday, October 19th, 2012 at 1:41pm. 743 Views, 0 Comments.

Although we have heard it several times - in order to acheive a high credit score, the key seems to be a couple things - first one third of the people with high scores have multiple credit lines or credit cards open - and with credit cards, pay on time and keep a lower balance (but keep a balance) - make your payments on time. 2/3 of the high achievers or high FICOs have an average balance on their credt lines of $8500 or less. More for Achieving a High FICO Score http://realtormag.realtor.org/daily-news/2012/10/19/study-releases-traits-behind-high-credit-scorers-0?om_rid=AABW2c&om_mid=_BQgbFaB8ustP$k&om_ntype=RMODaily

 

Source - REALTOR MAGAZINE ONLINE

 

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EXPAND YOUR SMALL SPACE AND MAXIMIZE YOUR CONDO'S POTENTIAL

Friday, October 19th, 2012 at 11:15am. 733 Views, 0 Comments.

If you are trying to sell a condo with a small amount of space it is important to know how to maximize its potential for all to see.  Most condos have less space and when it comes time to sell it is important to know how to make a condo’s space as useful as possible, not to mention as large as possible.

Here are some helpful ideas:

  • Paint-  When choosing paint pick light, neutral colors and stick to one or two colors that flow from room to room.
  • Light-  Lighting is an important feature in any condo, try to make your condo as bright as possible.  To best utilize your space implement wall mounted lighting and avoid floor lamps.
  • Furniture-  Small, clean lines are best when choosing furniture for smaller spaces. …

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Orange County Market Update!

Thursday, September 20th, 2012 at 5:30pm. 663 Views, 0 Comments.

The Orange County housing market is changing. Recent report by Steven Thomas reported that only 8% of closed sales are foreclosres with an average sales price of 103% of list price. At it's height it was as high as 44%. In August, 68% of the sales were standard equity sales. In 2009 it was the reverse with almost 63% of all sales being foreclosure or short sales. Inverntory accross Orange County has dropped to another record low of 4,676; last year at this time there were 10,556 homes for sale.

He reports it is no longer a buyer's market. It seems that this is the time for buyer's to make their move with interest rates under 4%, prices having dropped/stablized and before it starts changing to more of a Seller's market.

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Low Orange County Inventory...Great Time to Sell!!

Friday, August 31st, 2012 at 9:52am. 646 Views, 0 Comments.

Click on this link to see the low inventory reports in Orange County. This would indicate a great time for Seller's and possible stronger prices!

http://lansner.ocregister.com/2012/08/27/where-in-o-c-do-homes-sell-in-a-month/165829/

 

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Sales Inventory is at a RIDICULOUS low!

Tuesday, August 28th, 2012 at 8:38am. 679 Views, 0 Comments.

Reading through Jon Lansners' article about where homes are selling is very eye opening!  Even if we have buyers - there isn't enough inventory.  One of the biggest challenges as an agent that we have - is getting buyers ready to go .. the sense of urgency isn't there .. when good inventory at a reasonable price comes on the market .. it is gone.  For sellers who are reasonable in their pricing .. they should not expect a long sales process.  If overpriced, a condo will still sit .. buyers still want a deal!  When a condo looks good and it is priced well it will surely go fast .. http://lansner.ocregister.com/2012/08/27/where-in-o-c-do-homes-sell-in-a-month/165829/

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Condo Prices Near 4 - Year High

Thursday, August 23rd, 2012 at 7:35pm. 646 Views, 0 Comments.

As reported by Jon Lansner, OC real estate news from the OC Register - The California Association of REALTORS has reported a 4 year high on OC Real Estate prices. This matches what we are seeing in the market .. The trends that we are seeing in the market for OC Condos are as follows:

1) 2/3 of the OC Condo Listings are under contract!

2) Much of the condos under contract are distressed sales

3) Active OC Condo inventory is mostly higher end and more on the luxury side ..

For more details - read in more detail in Jon's column! http://lansner.ocregister.com/2012/08/20/california-home-sales-near-4-year-high/165628/

 

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