Preview Orange County Real Estate Blog

On behalf of the buyer, The Aaronson Group has opened escrow on 26972 Escondido Lane, Mission Viejo Orange County, California. (MLS® #OC21224467)

Impossible to find... A single-level home, with panoramic views, sparkling pool, and 3 car garage. Located in prestigious mission ridge this spacious 2742 sq ft 3 bed + office home has a 10K+ sq ft. lot and has OWNER OWNED SOLAR, has been RE-PIPED and NEW AC/HVAC system in 2020! Located at the end of a cul-de-sac, this home has it all...

Hardwood floors with upgraded baseboards, crown molding, formal living room with fireplace, formal dining room, spacious family room, and upgraded kitchen with dining nook, granite counters, island, stainless steel appliances, and GE monogram 6 burner

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There are many unanswered questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Let's take a look at the answers to all three of these questions. 

How much have home values appreciated over the last 12 months? 

According to the latest home price index from CoreLogic, home values have increased by 18.1% compared to this time last year. Additionally, prices have gone up at an accelerated pace for each of the last eight months (see graph below): 

The increase in the rate of appreciation that’s shown by CoreLogic coincides with data from the other two main home price indices: the FHFA home price index and the

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Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for the third quarter of 2021. The survey revealed the following:

  • 70% of respondents want more outdoor living space
  • 69% of respondents want a home office (48% wanted multiple offices)
  • 46% of respondents want a multi-function room/flexible space
  • 42% of respondents want an au pair/in-law suite
  • 39% of respondents want an exercise room/yoga space

If you currently own a home you have two options: renovate your current house or buy a home that has what you desire. The decision you make could be determined by factors like:

  1. A desire to relocate
  2. The cost of a renovation versus a purchase
  3. Designing a new home or buy something
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Exquisite contemporary with breathtaking 270-degree ocean views. Recently remodeled, with panoramic ocean views to the north laguna coastline, Catalina Island, and south to the montage rock. Tastefully landscaped, this unique home features 2 newly remodeled en suite full baths and a powder room on the main floor.

Downstairs primary suite with large walk-in closet & primary bath. The fourth bedroom downstairs makes the perfect office/bonus room or primary suite lounging area with amazing ocean views and a separate entrance. Brazilian cherry wood flooring, travertine and porcelain tile, granite, and quartzite countertops flow throughout the house. Euro kitchens custom cabinets and high-end stainless kitchen appliances complete the designer touches.

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On behalf of the buyer, The Aaronson Group has sold 7 Vista Lesina, Newport Coast, Orange County, California. (MLS® #NP21229787) for $7,010,000.

This Home Majestically Situated at Prestigious guard-gated community of Pelican Heights, city of Newport Coast, Very Premium lot 11,421 SQFT Breathtaking Ocean, coastline, Catalina, Harbor, city lights Views, This home is very clean all kitchen and bathroom cabinets been reconditioned most of the exterior French doors Dual Glaze Glass been replaced, all recess can light in family kitchen bathrooms have been replaced with LED, Motorized shades in FR, MBR, All Downstairs flooring Marble Crema Marfil + wood flooring LVR, Library.

Five Bathroom vanity mirror has been replaced some LED Mirror 4

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On behalf of the buyer, The Aaronson Group has sold 311 Viejo, Laguna Beach, Orange County, California. (MLS® #OC21234906) for $3,350,000

Location, Location, Location! Close to PCH in highly desired North Laguna. This ideal one-of-a-kind artistic home features stunning upgrades with a picturesque coastline, breathtaking sunsets, and amazing ocean views. The open floor plan boasts 3 bedrooms and 3 upgraded baths, including an oversized master suite and en-suite bath with granite countertops, a walk-in shower, and jetted soaking tub. The chef's kitchen galley is the perfect size with a lovely breakfast bar. It opens to the spacious dining and family room with sit-down ocean views all around and a cozy fireplace! Enjoy the breathtaking panoramic

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According to reatlor.com, rent rose by 8.1% then where it was last year.  Usually, there is less than a 1% increase per month.  Rent is rising at a record pace!  The rise in rent over time clearly shows one of the major advantages home ownership has over renting: stable housing costs.  Renters face increasing costs every year. One cannot usually control the cost of their rent.  When you purchase your home, your mortgage rate is locked in for 30 years, meaning your monthly payment stays the same over time. That gives you peace of mind and predictability for many years ahead.

The graph below shows how the average mortgage payments are lower than the average rent price.  Rental prices vary by state, especially in California.

There are many

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The Aaronson Group has just listed on 410 Iris Avenue, Corona del Mar, Orange County, California, for $4,395,000. (MLS® OC21250231)

Enjoy modern luxury with this stunning, warm, and sophisticated home prominently positioned on the sought-after south side of PCH on A quiet tree-lined street in the desirable flower streets. Built-in 2020 & boasting four en-suite bedrooms & 4.5 baths, A chic contemporary style, open concept design, voluminous ceilings & loads of floor-to-ceiling to ceiling glass flooding the spaces with natural light. Architecturally blending indoor and outdoor living spaces on each level with six outdoor patios including a rooftop & interior courtyard.

Perfect for entertaining, the spacious family room is open to the dining room

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Exquisite contemporary with breathtaking 270-degree ocean views. Recently remodeled, with panoramic ocean views to the north laguna coastline, Catalina Island, and south to the montage rock. Tastefully landscaped, this unique home features 2 newly remodeled en suite full baths and a powder room on the main floor.

Downstairs primary suite with large walk-in closet & primary bath. The fourth bedroom downstairs makes the perfect office/bonus room or primary suite lounging area with amazing ocean views and a separate entrance. Brazilian cherry wood flooring, travertine and porcelain tile, granite, and quartzite countertops flow throughout the house. Euro kitchens custom cabinets and high-end stainless kitchen appliances complete the designer touches.

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The Aaronson Group has just listed on 410 Iris Avenue, Corona del Mar, Orange County, California, for $4,395,000. (MLS® OC21250231)

Enjoy modern luxury with this stunning, warm, and sophisticated home prominently positioned on the sought-after south side of PCH on A quiet tree-lined street in the desirable flower streets. Built-in 2020 & boasting four en-suite bedrooms & 4.5 baths, A chic contemporary style, open concept design, voluminous ceilings & loads of floor-to-ceiling to ceiling glass flooding the spaces with natural light. Architecturally blending indoor and outdoor living spaces on each level with six outdoor patios including a rooftop & interior courtyard.

Perfect for entertaining, the spacious family room is open to the dining room

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