Friday, February 05, 2010

Friday listings dump

Here's a quick sampling of just a few of the properties to hit the market this week:

26751 Anadale, Laguna Hills 92653
Asking price: $699,000

Beds: 4
Baths: 3
Sq. Ft.: 2,699
$/Sq. Ft.: $259
Previous sales price: $750,000
Previous sales date: Oct 27, 2003
Listing description snippet: !!!Attention all Buyers and Agents!!! This is the home that you have been waiting for!! 4 bedrooms, 3 full baths, & 3 car garage. Bring your offer. Well priced to sell TODAY. This home won't last long. Hurry before it's sold.

46 Milagro, RSM 92688
Asking price: $399,900
Beds: 3
Baths: 2.5
Sq. Ft.: 1,350
$/Sq. Ft.: $296
Previous sales price: $560,000
Previous sales date: Feb 08, 2007
Listing description snippet: Great location! This 3 bedroom & 2.5 bath single family residence is close to all the necessities. Close to park, shops, theatre & restaurants. Dramatic cathedral ceilings w/ cozy fireplace. Large open kitchen w/ maple cabinets, breakfast bar & large pantry!

31742 Avenida Villa, San Juan 92675
Asking price: $675,000
Beds: 4
Baths: 2
Sq. Ft.: 2,117
$/Sq. Ft.: $319
Previous sales price: $960,000
Previous sales date: Jun 29, 2006
Listing description snippet: You have got to see the backyard paradise on this home! Words can not describe the tropical playground that is the yard. Custom pebble-tec pool features 10 man grotto, with many waterfalls, water slide for the kids, huge spa on another level spills into a little river, that runs into the pool.

Wednesday, February 03, 2010

South OC's 3-year in review

Since the OC Register recently posted DataQuick's sales data for the calendar year 2009, we figured we'd take it a bit further and compare 2009 to 2008 and 2007 - that way, you'll get a better idea of how things have changed since way back when.

The table is below:

The median sales price in every South OC ZIP decreased between 2007 and 2009. The biggest losers in terms of largest decline were:

  • San Juan: -57.33%
  • Dana Point (92624): -47.26%
  • Foothill Ranch: -39.69%
  • Lake Forest: -33.64%
  • RSM: -31.90%
Dana Point and San Juan also were the largest losses, dollar wise. The smallest percentage declines were:
  • Laguna Woods: -19.64%
  • Aliso Viejo: -22.94%
  • Dana Point (92629): -24.24%
  • Laguna Beach: -24.84%
  • Trabuco/Coto: -25.57%
When you compare sales volumes of 2007 and 2009, you'll find that in most ZIPs the number of sales increased from 2007-2008, and again between 2008 and 2009. The ZIPs with the largest positive gains in sales volumes between 2007 and 2009 were:
  • San Clemente (92672): +378
  • Lake Forest: +208
  • Laguna Niguel: +110
Some ZIP codes even saw a decline in sales between 2007 and 2009. Here are the worst performers:
  • Laguna Woods: -94
  • Ladera Ranch: -81
  • San Clemente (92673): -66

Sunday, January 31, 2010

Weekend closed sales report

Which properties have been on the move in South OC? Here are a few examples...

3202 Calle Quieto, San Clemente 92672
Sales price: $670,000
Sales date: 1-26-2010
Previous sales price: $947,500
Previous sales date: 9-12-2006
Size: 4 beds / 2.75 baths / 3,158 sq ft
Listing description snippet: "Stunning & magnificent are the best words i can think of to describe this show-place! Turnkey! The most gorgeous curb appeal greets you, only to be blown away when you enter! All new exterior paint and landscaping, 3 car garage w/ sectional doors w/ windows, gated courtyard entry, and newer front doors! Upon entering, you can't help but be moved by the elegance of the spiral staircase! All new interior designer paint w/ contrasting tall white baseboards, raised panel doors & scraped ceilings w/ knockdown texture are just some of the interior highlights!"

11 Drake, Laguna Niguel 92677
Sales price: $435,000
Sales date: 1-28-2010
Previous sales price: $640,000
Previous sales date: 8-08-2006
Size: 2 beds / 2 baths / 1,237 sq ft
Listing description snippet: "Welcome home to paradise!!! Your immaculate home is located on a quiet cul-de-sac in a highly desirable part of Laguna Niguel that is just minutes from Dana Point & the harbor. Viewing the photos of your amazing home it's easy to see how open, spacious, & airy this floor plan truly is. From the large windows, 3 sets of sliding doors, & vaulted ceilings, it's very clear that light & bright are under-statements for how this home feels."


29626 Oakwood Ct, San Juan 92675
Sales price: $220,000
Sales date: 1-25-2010
Previous sales price: $460,000
Previous sales date: 8-07-2006
Size: 3 beds / 1 baths / 1,071 sq ft Listing description snippet: "Short sale...Approved ! This is a nice patio home. Owner has taken good care of the property. All tile floors. Nice oversized patio with overgrown plants. Direct access garage to kitchen, plus extra parking space. Great location in the village. Come take a look, you won't be dissapointed!"

Wednesday, January 27, 2010

'03 luxury rollback short sale in Aliso

This is exactly what happens when the market goes nuts - huge boom, then huge bust, and we're left with an extreme short sale in Aliso Viejo that also happens to be a preforeclosure. Can they save the house?

18 Prescott, 92656
Asking price: $999,900
Previous sales price: $1,645,000
Previous sales date: 12/28/05

Beds: 5
Baths: 5
Sq. Ft.: 4,100
$/Sq. Ft.: $244
Lot Size: 5,353 Sq. Ft.
Property Type:Residential, Single Family
Style:Two Level, Other
View:Canyon, Hills
Year Built: 2002
Community: Aliso Viejo
County: Orange
MLS#: S603092
Source: SoCalMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 2 days
From listing: Stunning Upgraded Estate offers Peaceful Views * Great Floorplan on a Cul-de-Sac Boasts 4 Bedrooms + Loft + Main Floor Office + Play/Hobby Room * Formal Living & Dining Rooms * Gourmet Kitchen w/ Island + Bar Seating, Large Morning Room, Walk-In Pantry, Butlers Pantry, Wine Cellar, & Upgrades including Granite Counters, Rich Mocha Cabinetry, & Stainless Steel Appl. * Spacious Family Room w/ Custom Brick Fireplace & Built-In Media Center * Great Backyard w/ Covered Patio & Awesome Views * Luxurious Master Suite w/ Retreat Features Slate Fireplace & Viewing Balcony + Walk-In Closet * Master Bath Features Slate Accents, Dual Vanities +Oversized Tub +Separate Shower Stall * 2 Secondary Upstairs Bdrm + Spacious Loft w/ Built-Ins (Could be converted to 5th Bdrm) * Main Flr Bedroom Suite w/ Private Bthrm * Main Flr Office w/ Private Bthrm (Could be converted to 6th Bdrm) * Exquisite Upgrades Include Rich Hardwood Flring, Upgraded Carpet, Designer Paint, Crown Molding, Shutters & Rich Designer Touches Thru-out

Whew ... that is one heck of a run-on sentence up there.

What does Redfin have to say about this situation? Here's what it says on the right side of the listing: "This home is flagged as a short sale. We're sorry, we don't tour or write offers on short sales because of the slim chance that you'll get the home."

Public records say this property sold for $992,000 in mid-2003 and then for $1.645 million in 2005 ... an increase in value of 66% in about two and a half years. Sound reasonable to you?

Now, assuming the property can sell for the current short sale price, it would mean a decline of about 40%.

Sunday, January 24, 2010

Weekend closed sales report

Here's a small sample of the many South OC properties that recently changed hands.

59 Kyle Ct, Ladera Ranch 92694
Sales price: $485,000
Sales date: Jan 12, 2010
Previous sales price: $600,000
Previous sales date: Aug 02, 2004
Size: 4 beds, 2.5 baths, 1,855 sq ft
Listing description snippet: "BACK INTO THE MARKET!!3 BEDROOMS WITH LOFT THAT COULD BE CONVERTED TO 4TH BEDROOM, BEUTIFUL WOOD FLOORING ON FIRST LEVEL. REMODEL KITCHEN GRANITE COUNTER TOPS, LOCATED IN GOOD LOCATION LADERA RANCH."

26465 Mirar Vista Drive, Mission Viejo 92692
Sales price: $398,000
Sales date: Jan 05, 2010
Previous sales price: $575,000
Previous sales date: Mar 23, 2006
Size: 3 beds, 3 baths, 1,124 sq ft
Listing description snippet: "This a very nice incredible! 3 bed , 3 bath single level home, stone floors and carpet in bedrooms beautiful backyard formal dining area, spacious living room, cheerful kitchen."

530 Mystic Way, Laguna Beach 92651
Sales price: $1,770,000
Sales date: Dec 30, 2009
Previous sales price: $2,150,000
Previous sales date: Jan 18, 2006
Size: 4 beds, 2.75 baths, 2,335 sq ft
Listing description snippet: "This property is priced to sell. Enjoy panoramic white water, Catalina Island and Main Beach views in this charming Laguna Beach ocean view home. This property features three main floor bedrooms, including master, and lower level has one bedroom and bath for a total of four bedrooms. With expansive views of the Pacific Ocean and the village of Laguna Beach, you will surely enjoy sunset views year round. Hardwood floors."