The Aliso Viejo Home Sales Report for February 2012 was obtained from MLS data and the accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Rain or shine, the Honda Center in Anaheim has been serving Thanksgiving dinner to Thousands of people on Thanksgiving Day for 25 years.  My family and I left Laguna Niguel and drove to Anaheim to have a very rewarding Thanksgiving Day.  Along with 2,000 other volunteers we went to serve the 20,000 people who would arrive to be fed turkey and all of the trimmings.  When we arrived the band was playing and people were standing in lines to be fed.  We stood in the volunteer line and met wonderful giving people, who came to help from the goodness of their hearts.

As we stood in line my children got to observe the many folks who came to join in the festivities and receive a free meal.  The Anaheim Ducks players served food and walked around greeting the old and young who came on buses, cars and bicycles.  Large families, single people, old and young filled the parking lot of the Honda center enjoying a free hot meal. 

We were given a t-shirt, gloves, and apron and led to the kitchen to start serving.  I carried trays to the serving line while my family helped scoop and serve the food.

According to the Orange County Register around 600 turkeys, 3000 pies, 100 pounds of gravy, 5,000 pounds of potatoes, 1,000 pounds of yellow squash, along with thousands of dinner rolls, green beans with almonds and stuffing were served to the 20,000 people who came to get a free hot meal. 

Everyone was so happy to receive and to give.  It definitely showed us what the true meaning of Thanksgiving is all about.  This will be a family tradition for a long time to come.  If you wish to join us next year, please let me know – Thanks!

Aliso Viejo Home sales report for October 2011

According to the Aliso Viejo home sales report for October, there were 55 homes sold in Aliso Viejo in the month of October. Compared to October 2010 where there were only 45 homes sold in Aliso Viejo. The average time an Aliso Viejo home was on the market that was sold during the month of October 2011 was approximately 104 days. 
 

Nine of thes Aliso Viejo homes sold in October were purchased by cash buyers.  There was 1 AITD, 33 conventional loans, 8 FHA, 2 VA, and 2 had no financing reported.

A four bedroom residential detached home in Aliso Viejo sold for an average of $687,500, while a 3 bedroom detached homes in Aliso Viejo sold for an average of $544,500 in October.  There were 34 attached residential Aliso Viejo homes sold in October for an average selling price of $309,000.

If you would like to find out more information about homes for sale in Laguna Niguel and Aliso Viejo please call Jodi Paris, your Aliso Viejo Real Estate Broker.

The data in this report is deemed reliable but not guaranteed.  The data was obtained from California Regional Multiple Listing Service (CARETS)

Laguna Niguel Home Sales Rport for October 2011

In the month of October, there were a total of 70 homes sold in Laguna Niguel according to the MLS  October sales report.
The 70 homes sold in Laguna Niguel were listed on the market for an average of 114 days.

Of these 70 homes in Laguna Niguel, 26 of them were purchased with cash.  My listing was one of these sales.  There were 34 conventional loans that financed these homes along with 1 AITD, 8 FHA and 1 VA loan.

A four bedroom residential detached home in Laguna Niguel sold for an average of $1,011,900.  A 3 bedroom home in Laguna Niguel sold for an average price of $553,800 and a 2 or less sold for an average price of $401,000.

There were 32 attached homes sold in Laguna Niguel.  A Laguna Niguel attached home averaged a selling price of $299,300.
There was a decrease of the total homes sold in Laguna Niguel in October 2011  , there were a total of  73 homes sold in October 2010 versus this October 2011 where 70 total homes were sold inLaguna Niguel. 

If you would like to find out more information about properties for sale in Laguna Niguel please call Jodi Paris, your Laguna Niguel Real Estate Broker.

The data in this report is deemed reliable but not guaranteed.  The data was obtained from California Regional Multiple Listing Service, Inc (CARETS)

Aliso Viejo Homes for Sale

Orange County Foreclosure Sale Report for the City of Aliso Viejo 10/24/2011-10/28/2011

In the week ending 10/28/2011, there were no Aliso Viejo homes that sold to private party at the foreclosure sale (trustee sale), and four homes that did not get a bid and became Aliso Viejo Bank Owned Homes (REO).  Data Source: foreclosureradar.com

The following four Aliso Viejo homes were not purchased by private investors and are now owned by the bank:

The Aliso Viejo home located at 197 CINNAMON TEAL ALISO VIEJO CA 92656 is a Condominium.

The Aliso Viejo home located at 53 CAMOMILE PL ALISO VIEJO CA 92656 is a Condominium residence that has 3 bedrooms and 2.75 bathrooms. It was built in 1992. This Aliso Viejo foreclosure property has 1330 square feet.

The Aliso Viejo home located at 18 LYON RDG ALISO VIEJO CA 92656 is a Single Family residence.

The Aliso Viejo home located at 100 LA MIRAGE CIR ALISO VIEJO CA 92656 is a Condominium residence.

These four Aliso Viejo bank owned homes will most likely be listed for sale in the near future.  If you would like to find out more information about any of the four Aliso Viejo properties in this article or any homes for sale in Laguna Niguel and Aliso Viejo please call Jodi Paris, your Aliso Viejol Real Estate Broker.

Laguna Niguel Homes for Sale

Orange County Foreclosure Sale Report for the City of Laguna Niguel 10/24/2011-10/28/2011

     In the week ending 10/28/2011, there were four Laguna Niguel homes that sold to private party at the foreclosure sale (trustee sale), and three home that did not get a bid and became Laguna Niguel Bank Owned Homes (REO).  Data Source: foreclosureradar.com

     The property located at: 23921 WANIGAN WAY LAGUNA NIGUEL CA 92677  is a single family residence.  It was sold to the highest bidder at the foreclosure sale at 300 E. CHAPMAN, ORANGE on 10/26/2011 for a winning bid of $610,000.  The opening bid was $579,300. 

     The property located at: 28351 SILVERTON DR. LAGUNA NIGUEL CA 92677  is a single family residence.  It has 3 bedrooms and 3 bathrooms, and has approximately 2600 square feet of living space.  It was built in 1978.   It was sold to the highest bidder at the foreclosure sale at 300 700 CIVIC CENTER DR W, SANTA ANA on 10/27/2011 for a winning bid of $475,500.  The opening bid was $467,392. 

     The property located at: 20 SAINT ELIZABETH NIGUEL CA 92677  is a single family residence.  It has 3 bedrooms and 3 bathrooms, and has approximately 1746 square feet of living space.  It was built in 1987. It was sold to the highest bidder at the foreclosure sale at 700 CIVIC CENTER DR W, SANTA ANA on 10/27/2011 for a winning bid of $418,100.  The opening bid was $391,500. 

     The property located at: 15 CORAL RDG #115 LAGUNA NIGUEL CA 92677  is a condominium.  It has 2 bedrooms and 2 bathrooms, and has approximately 820 square feet of living space.  It was built in 1986. It was sold to the highest bidder at the foreclosure sale at 700 CIVIC CENTER DR W, SANTA ANA on 10/26/2011 for a winning bid of $186,000.  The opening bid was $185,786.  

     It is uncertain at this time if the above Laguna Niguel homes were purchased by investors looking to put these homes up for sale shortly or if they were bought by would-be homeowners. 

The following three Laguna Niguel homes were not purchased by private investors and are now owned by the bank:

     The Laguna Niguel home located at 31462 ISLE VIS LAGUNA NIGUEL CA 92677 is a single family residence.  It has 3 bedrooms and 3 bathrooms, and has approximately 2296 square feet of living space.  It was built in 1986.

     The Laguna Niguel home located at 29421 DEL PLATA LN LAGUNA NIGUEL CA 92677 is a single family residence.  It has4 bedrooms and 2 bathrooms, and has approximately 1642 square feet of living space.  It was built in 1974.

     The Laguna Niguel home located at 25055 CALLE PLAYA Unit C LAGUNA NIGUEL CA 92677 is a condominium.  It has 1 bedrooms and 1 bathrooms, and has approximately 893 square feet of living space.  It was built in 1989.

     These three Laguna Niguel bank owned homes will most likely be listed for sale in the near future.  If you would like to find out more information about any of the seven Laguna Niguel properties in this article or any homes for sale in Laguna Niguel and Aliso Viejo please call Jodi Paris, your Laguna Niguel Real Estate Broker.

Laguna Niguel Homes for Sale

Orange County Foreclosure Sale Report for the City of Laguna Niguel

In the week ending 10/21/2011, there were two Laguna Niguel homes that sold to private party at the foreclosure sale (trustee sale).

The property located at: 24772 RIGGER LAGUNA NIGUEL CA 92677  has 4 bedrooms and 3 bathrooms, and has approximately 2000 square feet of living space.  It was built in 1989, and it was sold for $360,000.

The property located at: 25 RED ROCK LN,  LAGUNA NIGUEL, CA 92677  has 3 bedrooms and 2.5 bathrooms, and has approximately 1881 square feet of living space.  It was built in 1989, and it was sold for $421,000.

It is uncertain at this time if the above Laguna Niguel homes were purchased by investors looking to put these homes up for sale shortly or if they were bought by would-be homeowners.  If you would like to find out more information about these two Laguna Niguel properties or any homes for sale in Laguna Niguel and Aliso Viejo please call Jodi Paris, your Laguna Niguel Real Estate Broker.

 Laguna Niguel homes had an increase of 5.1% rental price increase according to RealFacts.  Aliso Viejo homes had a 1.1% average rent increase. The smallest rental increase was in Mission Viejo where homes rented for just a 0.4% increase.  According to some of my colleagues who are real estate agents in Laguna Niguel and Aliso Viejo, rental homes in Laguna Niguel and in Aliso Viejo are in very high demand.   

“Rental rates have finally emerged out of a two-year slump that followed the global economic meltdown,” a RealFacts news release said.  It is not just in Orange County, 38 out of 47 US markets had rental increases in home prices.  These rental prices are back to pre-recession levels.

It is amazing in times when mortgage rates are at a low (A 30-year fixed is available at 3.825 percent and a 15-year fixed is available at 3.375 percent) that more homes in Aliso Viejo and Laguna Niguel are not selling to would be homeowners, but to real estate investors who buy rental properties in Laguna Niguel and Aliso Viejo.  It costs more to rent a home in Laguna Niguel and Aliso Viejo than it is to buy a home in Laguna Niguel and Aliso Viejo. 

Some of the contributing factors might be that the US median income fell 2.3% in 2010 to $49,500 according to a recent CoreLogic report.  Credit scores have also fallen.  Investors with cash and good credit are taking advantage of the low mortgage rates and low pricing and are buying home in Laguna Niguel and Aliso Viejo, while the average person is having a harder time qualifying since lending has tightened and consumer confidence is way down.

If you are looking for Laguna Niguel homes for sale or Aliso Viejo homes for sale, please contact Jodi Paris, a licensed real estate broker who specializes in Aliso Viejo and Laguna Niguel homes for sale by calling or texting the phone number listed on this website.

Yes, it is another one of those headlines that make you scratch your heads.  While most Realtors focus on the positive side of the headline – sales jump up 6.5% in Orange County in September when comparing the number of units sold to September 2010 (recent DataQuick survey of OC Homes) .  However, the sad part is that the price of the homes has declined 6.7% on average.  The current median price in Orange County stands at $420,000.  In Laguna Niguel, the median price for a 2 or less bedroom unit is at $460,000.  The median price for a 3 bedroom unit stands at $525,000, and the median price for units that are 4 bedrooms or more stands at $665,000.

An interesting spin of the news is a claim that much of the sales activity was for lower priced homes which in turn pushed the median prices down.  Well, this is a nice spin but unfortunately I see the same model homes that sold for a certain amount a year ago selling for much less now, so I believe that the drop in price is unfortunately real.

It isn’t all gloom and doom though.  I have personally experienced more demand at the lower prices that we reached in September and into October.  In fact the inventory at those price levels is certainly shrinking, and I have represented buyers in multiple offer scenarios on properties that could not get offers in the previous month. 

Although no one can forecast tops and bottoms for any market, I strongly believe that today’s home prices in Laguna Niguel coupled with the amazingly low interest rates presents incredible opportunity for home buyers.  If you just run a quick comparison as to how much house can someone who has $100,000 for a down payment and has net income after all expenses (including property taxes, insurance, etc.) of $86,000 you get about $500,000 on a 30 year fixed loan at current rate ($400,000 loan).  If we compare it to the fixed interest rate of 7.5% (2005-2006 rates), the same buyer would only be able to afford $354,000 ($254,000) loan.

So in a way, the buyer that pays $500,000 for a house, today, would only be able to buy a house for $354,000 back in 2005-2006.  That same house he is buying for $500,000 used to be $900,000 at the height of the market. 

For the same house and with the same $100,000 down payment, the buyer would pay $2086 mortgage today. This buyer would have paid more than $5600 per month for the same house in 2005-2006.  This is why I feel that now, more than ever, it makes sense to buy a house.

The accuracy of all sale information of the above Laguna Niguel Homes, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

This report was prepared by Laguna Niguel Real Estate Broker Jodi Paris