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How fun is this. Watch this video for details on the official Huntington Beach home decorating contest for the Fourth of July. https://youtu.be/bWKREhk3afU

Orange County Housing Market Summary: Housing demand is surging and now the market is stronger than last year’s spring selling season....Continue reading

View Our listings online. This one is from Lance Barker. https://my.matterport.com/show/?m=8eVtt5FZRzx&ts=2

Local stores are opening early for seniors during this period of social distancing.

Orange County Housing Report: Temperature’s Rising! Once again buyers are tripping over themselves to purchase. Homes that are priced well according to their condition, location, and upgrades, are fetching multiple offers within the first couple of days. The bidding war days are back. Orange County Housing Market Summary:... The active listing inventory decreased by 18 homes in the past two-weeks, nearly unchanged, and now totals 4,005. Last year, there were 6,100 homes on the market, 2,095 more than today, or an extra 52%. Demand, the number of pending sales over the prior month, increased by 471 pending sales in the past two-weeks, up 28%, and now totals 2,173. Last year, there were 1,791 pending sales, 18% fewer than today. The Expected Market Time for all of Orange County decreased from 71 days to 55, a hot Seller’s Market (less than 60 days). It was at 102 days last year, substantially slower than today. For homes priced below $750,000, the market is a hot Seller’s Market (less than 60 days) with an expected market time of 40 days. This range represents 35% of the active inventory and 50% of demand. For homes priced between $750,000 and $1 million, the expected market time is 37 days, also a hot Seller’s Market. This range represents 16% of the active inventory and 24% of demand. For homes priced between $1 million to $1.25 million, the expected market time is 56 days, a hot Seller’s Market. For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the Expected Market Time decreased from 83 to 63 days. For homes priced between $1.5 million and $2 million, the Expected Market Time decreased from 144 to 117 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 181 to 143 days. For luxury homes priced above $4 million, the Expected Market Time decreased from 468 to 391 days. The luxury end, all homes above $1.25 million, accounts for 39% of the inventory and only 16% of demand. Distressed homes, both short sales and foreclosures combined, made up only 0.9% of all listings and 1.4% of demand. There are only 15 foreclosure s and 23 short sales available to purchase today in all of Orange County, 38 total distressed homes on the active market, down 6 from two-weeks ago. Last year there were 61 total distressed homes on the market, slightly more than today. There were 2,469 closed residential resales in December, 40% more than December 2018’s 1768 closed sales. December marked a 10% increase compared to November 2019. The sales to list price ratio was 97.4% for all of Orange County. Foreclosures accounted for just 0.6% of all closed sales, and short sales accounted for 0.5%. That means that 98.9% of all sales were good ol’ fashioned sellers with equity.

Orange County Housing Report: Bone-Dry: A Supply Problem Buyers who feel as if they are running out of luck can attest to the need for more choices. It’s slim pickens, especially in the lower ranges. And, this is occurring during the Holiday/Winter Market. The market will really heat up in just a couple of weeks, right after the Super Bowl. Orange County Housing Market Summary:... The active listing inventory dropped by 148 homes in the past two-weeks, down 4%, and now totals 3,901, the lowest level since January 2018. Last year, there were 5,911 homes on the market, 2,010 more than today, or an extra 52%. Demand, the number of pending sales over the prior month, decreased by 156 pending sales in the past two-weeks, down 10%, and now totals 1,434. Last year, there were 1,165 pending sales, 19% fewer than today. The Expected Market Time for all of Orange County increased from 76 days to 82, a slight Seller’s Market (between 60 to 90 days). It was at 152 days last year, substantially slower than today. For homes priced below $750,000, the market is a hot Seller’s Market (less than 60 days) with an expected market time of 57 days. This range represents 35% of the active inventory and 51% of demand. For homes priced between $750,000 and $1 million, the expected market time is 58 days, also a hot Seller’s Market. This range represents 17% of the active inventory and 24% of demand. For homes priced between $1 million to $1.25 million, the expected market time is 84 days, a slight Seller’s Market. For luxury homes priced between $1.25 million and $1.5 million, in the past two weeks, the Expected Market Time remained the same at 124 days. For homes priced between $1.5 million and $2 million, the Expected Market Time increased from 115 to 149 days. For luxury homes priced between $2 million and $4 million, the Expected Market Time decreased from 238 to 199 days. For luxury homes priced above $4 million, the Expected Market Time decreased from 686 to 605 days. The luxury end, all homes above $1.25 million, accounts for 38% of the inventory and only 16% of demand. Distressed homes, both short sales and foreclosures combined, made up only 1.2% of all listings and 1.6% of demand. There are only 18 foreclosures and 27 short sales available to purchase today in all of Orange County, 45 total distressed homes on the active market, down 4 from two-weeks ago. Last year there were 67 total distressed homes on the market, slightly more than today. There were 2,469 closed residential resales in December, 40% more than December 2018’s 1768 closed sales. December marked a 10% increase compared to November 2019. The sales to list price ratio was 97.4% for all of Orange County. Foreclosures accounted for just 0.6% of all closed sales, and short sales accounted for 0.5%. That means that 98.9% of all sales were good ol’ fashioned sellers with equity.

Why you should avoid abbreviating 2020 on official documents You might have heard that it’s a bad idea to shorten 2020 to ‘20. Here’s why Why is everyone so worried about dating your docs with ’20 instead of 2020?... Unlike past years, because 2020 has the same two-number combination at the beginning and end, a document or check dated 1/1/20 could be changed to 1/1/2019 or 2000 or any other year. That could call into question the legitimacy of a document or a check and create problems when trying to verify the information on a contract. Although some argue that the same could have been said for 2019, since 1/1/19 could be altered to 1999, for example, officials say that the ’20 abbreviation is far more likely to be used, since it can indicate a time in the recent past or even in the future if changed to 2021. Whether you think it’s overkill or a timely reminder, if you’d rather be safe than sorry, it’s probably a good idea to write the date out more fully this year. When writing the date in 2020, write the year in its entirety. It could possibly protect you and prevent legal issues on paperwork. Example: If you just write 1/1/20, one could easily change it to 1/1/2017 (for instance) and now your signature is on an incorrect document.

The 2020 Orange County Housing Forecast: The local housing market is going to look a lot better in 2020. Here is the forecast: Active Inventory the year will begin with around 3,750 homes, the third lowest start in the last decade behind 2013 and 2018. That will translate to a very hot start for housing. The theme for 2020 will be not enough homes on the market. For buyers that equates to not enough choices. Expect the active inventory to peak around July between 6,750 to...Continue reading

Orange County Housing Market Summary: The housing market is a lot hotter than many think and 2020 is going to line up heavily in favor of sellers. A Warm December: With an Expected Market Time of 70 days for all of Orange County, this is the warmest December since 2017 when housing was hot. ...Continue reading

Orange County Housing Report: Baby It’s Cold Outside!! The holidays are officially here, and so is the slowest time of the year for real estate. In the blink of an eye, the housing market has quickly changed and revealed a much different real estate environment. There are fewer and fewer homes for sale as the number of homeowners opting to enter the fray drops to its lowest level of the year. Many sellers who have not found success, mainly due to price, opt to throw in the to...Continue reading