East Costa Mesa CA Home Selling Market Trends

East Costa MesaEast Costa Mesa is a most-popular area for home buyers at Orange County – and is located just inland from Newport Beach and about two miles from Newport Harbor.

Ideally situated on the highly coveted Magnolia Street in EastsiEast Costa Mesa homeowners and residents cherish their neighborhoods, with flat and wide streets, friendly neighbors, single level homes, good access to public parks and recreational areas, and located close to good public schools.

 

  • 16 East Costa Mesa homes were sold so far from August 1 to August 28, 2014 – with average sold price of $825,593 – and average time on market of 76 days for those sold homes.
  • 17 East Costa Mesa homes were sold during same time last year 2013 from August 1 to August 28, 2013 – with average sold price of $798,115 – and average time on market of 53 days for those sold homes.
  • So East Costa Mesa home selling is a little slower this year in August, and selling numbers are otherwise about the same as last year 2013.

290 Magnolia, sold, 5-1-2014Investors and buyers have also liked East Costa Mesa real estate.

149 East Costa Mesa homes have sold so far this year – from January 1 to August 28, 2014.

Average sold price of 870,366, and average time on market of 65 days for those sold homes.

  • East Costa Mesa has now has 68 homes listed for sale – with average list price of $922,726.
  • 18.6 East Costa Mesa homes are being sold on average each month this year.
  • So it will take 3.65 months to theoretically sell all homes now on the market at current pace of selling.
  • This market still favors sellers, but it has been moderating in favor of buyers who now have more choices.

See East Costa Mesa homes for sale here.

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By Harrison K. Long – Source of some information is CRMLS and is for listings and sales by all agents and brokers.

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Contact us with questions about East Costa Mesa homes and about listing and sale of your home at Orange County CA. ~ Professional REALTOR® agent representation and help for home and 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 East Costa Mesa and Orange County CA.

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Now Is a Great Time for Orange County CA Home Buying

Orange County CA now has more than 8,000 homes listed for sale, which is up about 35 percent from one year ago.  Buyers have lots of choices these days and room for positive negotiation in many situations.

So why are some Orange County CA home buyers waiting? They seem to be nervous and on the sidelines for what they believe will be a real buyers market where they will get the best deals.

But buyers should not wait.  Purchase money mortgage loan rates are still low and hover around 4.1% for a 30-year fixed rate for those who qualify.

Number of homes for sale listings is way up from last year and first part of this year, and buyers have much better choices now.

However, with an expected market time to sell all homes now on the market is just over 3 months, the current Orange County home selling market still favors the sellers is not yet close to a buyer’s favored market.

Buyers are wishfully thinking and not using facts and real housing data while they wait to buy.

2014 is very different from last year 2013 when Orange County CA was a sizzling seller’s favored market – with homes flying off the market at almost any price.

Just because prices have gone way up does not mean that the market has shifted to a buyer’s market.

Orange County home selling markets are moving more towards a normal, balanced market where neither buyers nor sellers will be able to call the shots.

Today, it’s still a seller’s favored market with very little price appreciation. That means that homes will sell close to the most recent comparable closed sales and sellers will be able to control the terms.

Buyers need to look at the facts about the market and not wait!

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is Steven Thomas and his ReportsOnHousing.com.

Professional REALTOR® agent representation and help for property owners, home sellers, 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.

Contact us at 949-854-7747 with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Buying a Home, home loans and mortgage, Live at Orange County, Orange County CA, Orange County home selling, Orange County home values, Orange County lifestyle, Orange County living, Orange County real estate | Tagged , , , , , , , , , , , , | Leave a comment

Orange County CA Home Sellers Have Good Questions

When we talk with people who are considering to sell their home at Orange County CA, they have questions.Home Selling guide

What is my home worth in this Orange County CA market?

What is the best way to determine list price of my home?

What is the average selling price of homes in my neighborhood?

I saw recent news that home selling is down recently at Orange County. 

If so, how that will impact my home selling?

Is the information about prices that I see on public access real estate sites – like Zillow  – correct?

Will there be all cash buyers for my home?

How long will it take to sell my home?

Should I spend money and upgrade my home before listing?

What’s the future of home selling prices in my city and area?

I see on the news that buyer affordabilty is down.  Does that matter for my home selling?

How can I get the highest possible price for my home when selling?

What is an escrow?  And how does that work?

What are the costs for me to sell my home?

These are all great questions, and we look forward to discussing these with Orange County homes sellers.

We are here to help Orange County CA home owners evaluate the market in their area for pricing of their homes to sell.

Coldwell Banker residential brokerage

By Harrison K. Long.  Professional REALTOR® agent representation and help for property owners, home sellers, 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.

Contact us at 949-854-747 with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Home selling, Home selling tips, How to value a home, Listing and selling homes | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off

Orange County CA Home Selling Price Appreciation Moderates

Good news for home buyers is that Orange County price appreciation is no longer in white hot territory.

Home sellers this year 2014 need to seriously consider the comps and what buyers are paying for homes.

Our Orange County real estate market has changed during 2014, and buyers are looking to pay fair market value.

More Orange County homes listed for sale are sitting on the market without buyers.

Average market time for OC home selling has gone up, and active inventory of listings has been up all year. 8,057 Orange County homes are now listed for sale, which is 2,535 more than were on the market same time last year (a 45 percent increase in listings this year).

Orange County price and values skyrocketed from 2012 to the end of 2013. Sellers priced their homes above recent sale prices and received multiple offers – sometimes selling for more than list prices.

That’s stopped! Buyers at the OC now want to pay at value relative to recent sales – and expect to pay “fair market value”.

Orange County home selling usually cools after the kids return to school, and we expect this to moderate further from Thanksgiving through start of the New Year 2015.

Buyers have better options this years and are looking for nice upgraded homes and real value. Sellers are no longer in complete control and need to price their homes correctly while considering recent comp sales, location, upgrades, and condition of the home.

Sellers should price their homes realistically and correctly according to value from the start of marketing time and then expect positive results.

We here to help you evaluate the market in your area and price your home to sell.

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is ReportsOnHousing.com and is for homes sold by all brokers and agents.

Professional REALTOR® agent representation and help for property owners, home sellers, 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.

Contact us at 949-854-7747 with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Listing and selling homes, Live at Orange County, Orange County CA, Orange County home selling, Orange County home values, Orange County housing markets, Orange County living, Orange County real estate, Positive Real Estate News | Tagged , , , , , , , , , , , , , , , , , | Comments Off

Price Reduction Presents Real Opportunity for Buyers at 3163 Watermarke Place, Irvine CA

Price Reduction presents real opportunity for buyers at 3163 Watermarke Place, Irvine CA real estate.

Lovely GardenMediation gardens near patio at 3163 Watermarke Place

 

 

 

 

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Best executive style residential living with security, privacy and amenities, at Irvine CA

 

 

 

 

07 copy_10569370523_l

Beautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

 

11 copy_10569086235_lWell designed floor plan with open-concept kitchen, dining and living area.

 

 

 

 

17 copy_10569344113_lNatural light, volume ceilings and wood floors throughout.

 

 

 

 

Featuring convenience and privacy

22 copy_10569326303_lIdeal first evel location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

15 copy_10569146834_lGorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, and built-in desk & cabinets.

 

 

 

18 copy_10569066995_lSpacious master bedroom has views of tranquil garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

 

19 copy_10569135284_lAdjacent bathroom with granite counters. Inside laundry. Private patio next to Garden. Owners loved and cared for this home.

 

 

 

-Experience the Watermarke resort-style life with amenities including Clubhouse, Concierge service …

… sparkling pools and spas, fitness center, tennis and basketball courts …

 

watermarke homes, 2013-W-… movie theater, game room, and business center.

 

 

 

 

3163 Watermarke Place, 7-10-2014

watermarke homes, 2013-I-Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, San Joaquin Wildlife Sanctuary walking/running trails, South Coast Plaza & easy freeway access.

 

3163 Watermarke Place – Now offered at $378,500 – MLS no. OC14118459

Presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Irvine and Orange County CA – CAL BRE 01410855 – 949-701-2515 (cell).

Posted in Irvine CA, Irvine home selling, Irvine home values, Irvine homes, Irvine Live, Irvine pool homes, Irvine real estate, Watermarke Irvine | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Open House Saturday Afternoon, July 26 – 3163 Watermarke Place, Irvine CA

Open house Saturday afternoon, July 26, 2014, and you are welcome to attend.

-Best executive style residential living with security, privacy and amenities, at Irvine CA

 

 

 

 

20 copy_10569060515_l

Beautiful Mediation Garden and peaceful views at 3163 Watermarke Place, Irvine CA

Clear value and best location at Watermarke Irvine

 

 

 

 

07 copy_10569370523_l

Beautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

 

11 copy_10569086235_lWell designed floor plan with open-concept kitchen, dining and living area.

 

 

 

 

17 copy_10569344113_lNatural light, volume ceilings and wood floors throughout.

 

 

 

 

Featuring convenience and privacy

22 copy_10569326303_lIdeal first evel location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

15 copy_10569146834_lGorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, and built-in desk & cabinets.

 

 

 

18 copy_10569066995_lSpacious master bedroom has views of tranquil garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

 

19 copy_10569135284_lAdjacent bathroom with granite counters. Inside laundry. Private patio next to Garden. Owners loved and cared for this home.

 

 

 

-Experience the Watermarke resort-style life with amenities including Clubhouse, Concierge service …

 

 

 

 

watermarke homes, 2013-Q-… sparkling pools and spas, fitness center, tennis and basketball courts …

 

 

 

watermarke homes, 2013-W-… movie theater, game room, and business center.

 

 

 

 

3163 Watermarke Place, 7-10-2014

watermarke homes, 2013-I-Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, San Joaquin Wildlife Sanctuary walking/running trails, South Coast Plaza & easy freeway access.

 

3163 Watermarke Place – Offered at $384,000 – MLS no. OC14118459

Please call us at 949-701-2515 for information about access to Watermarke Place homes.

Presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Irvine and Orange County CA – CAL BRE 01410855 – 949-701-2515 (cell).

Posted in Irvine CA, Irvine home selling, Irvine home values, Irvine homes, Irvine Live, Irvine pool homes, Irvine real estate, Watermarke Irvine | Tagged , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Orange County CA Real Estate Markets In Transition Toward End of Summer

IMAG0223 (Large)_optSummer is the second best time to sell a home at Orange County CA, and qualified buyers continue to make positive decisions.

Orange County CA home selling markets will transition towards end of summer and anticipate back to school days.

Orange County Property NewsExpected average market time to sell a home is no longer strongly favoring sellers and is more balanced.

End of summer and back to school days are expected to see fewer buyers (such as families with kids) who want or need to move.

Market in TransitionHome sellers can still be successful during this time if they carefully price their homes to actually sell and are patient.

Sellers who overprice their homes will probably not be happy with results.  Today’s Orange County buyers are savvy and want to pay close to a home’s real value based upon the most recent comparable sales in local neighborhoods.

Orange County ca home sellingOrange County has been in a seller’s advantage home selling market for the past 2.5 years and is moving towards balance.

Local markets with asking prices above $750,000 (which is now 43 percent of Orange County for sale inventory) will find slower sales.

Most Orange County homes priced above $1.5 million are now in balanced markets where expected time to sell is at least 5 months.  Where asking prices are more than $2 million, average market times will probably stretch out to more than a year.

Accurate pricing by sellers at fair market value is the key to home selling success especially during time after start of back to school days.

Summer 2014 is transitioning, and sellers should take advantage of this good market time.

Number of Orange County CA homes now listed for sale is up more than 65 percent since January 1 of this year, and more listings will be added to markets through August.

What sellers should do nowOrange County home sellers should price their homes correctly at real market value while summer 2014 moves towards it end – and take advantage of this positive market time prior to start of back to school days.

find out for free what your home is worth -b-

Coldwell Banker residential brokerage

By Harrison K. Long – Professional REALTOR® agent representation and help for property owners, home sellers, 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. Contact us about homes and properties at Irvine, Newport Beach, Costa Mesa, and other Orange County CA areas.  Source of some information for this article is Steven Thomas at ReportsOnHousing.com.

Posted in Live at Orange County, Orange County CA, Orange County home selling, Orange County home values, Orange County housing markets, Orange County lifestyle, Orange County living | Tagged , , , , , , , , , , , , , , , , , , | Comments Off

How Irvine CA Home Selling Market Changed Since Start of 2014

OLYMPUS DIGITAL CAMERAIrvine CA home selling 2014 midyear update shows shift toward balance and not favoring sellers as much as the market did last year.

Irvine home selling prices are determined with focus on recent comparable sales and fair market value.Irvine CA Midyear real estate update-b-

783 Irvine homes are listed for sale as of today (July 19, 2014) – an astounding number jump up of 108 percent since start of this year when 375 homes were listed.

Home selling at Irvine CA remains strong with prices up – while buyers now have more choices. Homes for sale are staying on the market about the same on average these days as compared with the first of the year (when average market time was 3.8 months).

5 Shade Tree, sold, 6-30-2014

Midyear Irvine average home sold prices at the following communities during June 2014 can serve as a guide for fair market value:

■Airport Area Irvine – 17 homes sold – average sold price of $581,815

■El Camino Real Irvine – 8 homes sold – average sold price of $615,825
■Northpark Irvine – 8 homes sold – average sold price of $942,050
■Northwood Irvine – 45 homes sold – average sold price of $754,731
■Oak Creek Irvine – 5 homes sold – average sold price of $641,500
■Portola Springs Irvine – 7 homes sold – average sold price of $755,826
■Quail Hill Irvine – 8 homes sold – average sold price of $780,846
■Shady Canyon Irvine – 2 homes sold – average sold price of $5,065,000
■Stonegate Irvine – 13 homes sold – average sold price of $704,219
■Turtle Ridge Irvine – 11 homes sold – average sold price of $1,490,727
■Turtle Rock Irvine – 10 homes sold – average sold price of $1,370,830
■University Park Irvine – 4 homes sold – average sold price of $917,250
■Westpark Irvine – 17 homes sold – average sold price of $631,135
■Woodbridge Irvine – 25 homes sold – average sold price of $637,252
■Woodbury Irvine – 17 homes sold – average sold price of $787,109
■Irvine CA all village areas – 237 homes sold during June 2014 – with average sold price of $808,452

OLYMPUS DIGITAL CAMERAIrvine CA real estate market now has a wider spread between average list price ($1,111,250) and average sold price ($808,452 during June 2014).

Irvine home selling is more balanced these days with sellers facing competition from other sellers.

Successful sellers will adjust to this market and consider carefully what buyers are looking for in the home, the neighborhood and fair market value.

By Harrison K. Long. Source of information is CRMLS multiple listing service and ReportsOnHousing, and OCRegister.com and is for homes sold by all agents and brokers.

Professional REALTOR® agent representation and help for property owners, home sellers, 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. Connect with us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Find out here what your Irvine CA home is worth

Posted in Irvine CA, Irvine home selling, Irvine home values, Irvine homes, Irvine Live, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , , , | Comments Off

East Costa Mesa CA Homeowners Like June 2014 Selling Prices

IMAG3927East Costa Mesa462 Esther at East Costa Mesa sold for $1,710,000 last month during June 2014.

East Costa Mesa is about a 3-square-mile area at South Orange County and borders Newport Beach on the south, Irvine Avenue on the east, Mesa Drive on the north and Newport Blvd on the west. It’s located about 2 miles from Newport Harbor and 3 miles from the Pacific Ocean.

1960 Aliso, 4-22-2014-b-East Costa Mesa homeowners cherish their large yards, and many want to expand their houses while some have already completed that transformation.

ECM is famous for its neighborhood charm, single-level ranch style homes, ocean breezes, friendly people, bicycling on the streets, sports fields and recreation areas, and walking to restaurants and shopping.

East Costa Mesa sees continuing positive home selling numbers.

  • East Costa Mesa home sale numbers and selling prices were up in June this year as compared with same time last year.
  • 21 East Costa Mesa homes sold during June this year 2014 – with average selling price of $906,674.
  • East Costa Mesa selling prices are up 13.2 percent this year June 2014 vs. last year June 2013.
  • 20 East Costa Mesa homes sold during June last year 2013 – with average selling price of $800,868.
  • Home selling prices and values at East Costa Mesa have been way up during past 13 years.
  • 22 ECM homes sold 13 years ago during April 2001 – with average selling price of $407,571.
  • East Costa Mesa home sellers have seen total price increases of about 135 percent during 13 years from 2001 to 2014 – which is average annual increase of about more than 10 percent each year. That’s a solid return on investment for ECM homeowners – and for sellers who are happy with price increases.

Pricing your home to sell correctly based upon recent sales in your neighborhood is a most important consideration. An experienced Realtor agent will help you evaluate the market in your area to price your home to sell.

East Costa Mesa now has 70 homes listed for sale on the MLS – with average asking price of $955,201. Click here to see East Costa Mesa homes for sale.

Coldwell Banker residential brokerage

By Harrison K. Long. This is information from CRMLS multiple listing service and is for homes sold by all brokers and agents.

Professional REALTOR® agent representation and help for property owners, home sellers, 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. Contact us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Costa Mesa Live, Costa Mesa real estate, East Costa Mesa, Home selling, Home selling tips, How to value a home | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Comments Off

Open house – Saturday, July 12, 2014 – at 3163 Watermarke Place, Irvine CA

Open house on Saturday afternoon, July 12, 2014 – at 3163 Watermarke Place, Irvine CA

07 copy_10569370523_l

Beautiful, upgraded Watermarke home with premium lot location on the peaceful Meditation Garden!

 

 

open house welcome

20 copy_10569060515_l

Best location and view Carlton Arms model on the market.

 

 

 

 

 

 

11 copy_10569086235_lWell designed floor plan with open-concept kitchen, dining and living area.

 

 

 

 

17 copy_10569344113_lNatural light, volume ceilings and wood floors throughout.

 

 

 

 

Featuring convenience and privacy

22 copy_10569326303_lIdeal first evel location makes coming and going easy, with no steps to very close private parking space in gated garage.

 

 

 

15 copy_10569146834_lGorgeous kitchen with granite counters, white cabinets to ceiling, stainless steel appliances including 5-burner gas range, and built-in desk & cabinets.

 

 

 

18 copy_10569066995_lSpacious master bedroom has views of tranquil garden, trees & fountain, plus walk-in closet, ceiling fan and new carpet.

 

 

 

19 copy_10569135284_lAdjacent bathroom with granite counters. Inside laundry. Private patio next to Garden. Owners loved and cared for this home.

 

 

 

-Experience the Watermarke resort-style life with amenities including Clubhouse, Concierge service …

 

 

 

 

watermarke homes, 2013-Q-… sparkling pools and spas, fitness center, tennis and basketball courts …

 

 

 

watermarke homes, 2013-W-… movie theater, game room, and business center.

 

 

 

 

3163 Watermarke Place, 7-10-2014

watermarke homes, 2013-I-Watermarke is centrally located near the Irvine business center, Irvine Spectrum, Newport Beach, Orange County airport, UC Irvine, San Joaquin Wildlife Sanctuary walking/running trails, South Coast Plaza & easy freeway access.

 

3163 Watermarke Place – Offered at $384,000 – MLS no. OC14118459

Presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Irvine and Orange County CA – CAL BRE 01410855 – 949-701-2515 (cell).

Posted in Irvine CA, Irvine home values, Irvine homes, Irvine Live, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , , | Comments Off