April 2023

Found 13 blog entries for April 2023.

The Aaronson Group has sold 7 Oceanfront, Dana Point, Orange County, California, for $12,250,000. (MLS® #OC22240077)

Unveiling One Of Southern California’s Most Opulent Estates Prominently Positioned In The Guard Gated Lower Enclave Of The Strand At Headlands. Experience Modern Coastal Luxury & Breathtaking Ocean, Sunset & Coastline Views From This Stunning Soft Contemporary Residence Newly Constructed in 2018 Featuring 7255 Sq. Ft. Of Living Space Including 5 Bedroom Suites Plus A Bonus Room. The Spectacular Grand Main Level Transitions Through Automated Bi-Fold Doors To The Luxurious Outdoor Living Area With Glistening Pool, Soothing Spa, & Stunning Views Beyond. The Extraordinary Gourmet Kitchen Is Highlighted By Top-Of-The-Line Appliances, 2

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Nestled in a Beautiful Community, This Single Level Highly Upgraded Home Is Prominently Positioned In The Sought-After Section Of Lake Forest. A Nearly 12,000 Sq. Ft. Lot Presents Opportunities To Expand, Or To Simply Enjoy This Charming Home With an Extended Outdoors Living Space Offering an Incredible Backyard With a Built-in Barbecue, Shimmering Pool and Spa, and a Tastefully Designed Casita - an Entertainers Delight. Entering Through The Welcoming Front Porch With Double Doors, The Spacious Light & Bright Living Room/Great Room With An Elegant Fireplace, Flows to a Finely Appointed Fully Remodeled Kitchen Boosts Exquisite Quartz Countertops, White Cabinetry, Soft-Close Cabinet Doors & Drawers, Tile Backsplash with Custom Inlay, Stainless Steel

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This exceptional home offers a heightened beachfront living experience, situated in a 24-hour guard gated community with direct ownership of the beach up to the medium high tide line. Constructed on caissons, the sophisticated and stylish ambiance of the home is evident both inside and out, with new elegant lighting throughout, custom wrought iron railings, frameless glass balcony/deck railings, fresh interior & exterior paint, and exquisite marble walls in the family and primary rooms. The chef's remodeled kitchen is a culinary enthusiast's dream, equipped with high-end appliances including a sub-zero fridge, double ovens, marble and quartz counters, subway tile accents, and a stunning chandelier, all with views to the water, making it a perfect

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Almost to the top of Temple Hills Drive with panoramic hills to ocean views. There is so much potential for this huge lot to make this an amazing property! Technically 3 bedrooms but two offices and large bonus room theater could be converted to make 6 bedrooms. The property is a split floor plan 3 bedrooms down, office/additional bedroom with bath on entry way. 

 

 

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Presenting an elegant custom waterfront home on Promontory Bay. Leaded glass doors invite you into a formal entry overlooking a dramatic full width living room with cozy fireplaces at each end. A wall of French doors provides expansive views and opens to a stone paved deck overlooking the private dock with room for a large yacht and additional side ties. On the main level a large, elegant dining room looks over the living room to relaxing views of the bay. The bright remodeled kitchen features a Wolf 6-burner, Bosch double ovens on black quartzite counters and a cozy breakfast nook. An inside laundry room/pantry is conveniently located between the kitchen and garage. Also found on the main floor; a wine storage room, powder room and an ensuite bedroom

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The spring season is warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that's a good sign for sellers. Realtor.Com has the latest:  "Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are back in the market, although more subdued than a year ago."

We know buyer activity is trending up because of mortgage purchase application data. According to Investopedia:  "A mortgage application is a document submitted to a lender when you apply for a mortgage to purchase real estate."

That means the number of mortgage applications shows how many buyers are applying. Put another way, an increase in mortgage

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Are you thinking about selling your house? If you've been waiting for the right time, it could be now while the supply of homes for sale is so low. Housingwire shares:
". . . The big question is whether we are finally starting to see the seasonal spring increase in inventory. Unfortunately, the answer is no, because active listings fell to a new low last week for 2023 ."

The National Association of Realtors (NAR) confirms today's housing inventory is low by looking at the months' supply of homes on the market. In a balanced market, about a six-month supply is needed. Anything lower is a sellers' market. And today, the number is much lower:
"Total housing inventory registered at the end of February was 980,000 units, identical to January and up

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After only 5 days on the market, The Aaronson Group is in escrow for 26 North Vista de Catalina, Laguna Beach, Orange County, California. (MLS® #OC23054660)

Experience Modern Luxury With This Stunning, Warm and Sophisticated Home Commanding Unobstructive, Breathtaking 180 Degree Ocean, White Water, Coastline, Catalina, Palos Verdes, City Light Views From Every Space (Even The Garage!). Prominently Positioned In Three Arch Bay, This Ground-Up Construction Completed in 2010 By Gallo Builders, Features An Open Concept Design, Voluminous Ceilings, Loads Of Floor To Ceiling Glass Flooding The Spaces With Natural Light, & Nearly 1,000 Sq. Ft. Of Sweeping Ocean Facing Decks. The Dramatic Great Room Features A Double Sided Fireplace, Exquisite Bar, & A

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There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people's home-buying ability. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.

Even though we're no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, chief economist at the National Association of Realtors (NAR), doesn't expect that to change:
"[H]ome prices will be steady in most parts of the country with a minor change in the national median home price."

You might think sellers would have to lower prices to

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Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today's low supply of homes for sale is still a sellers' market. But what does that mean? And why are conditions today so good if you want to list your house?

It starts with the number of homes available for sale. The latest existing home sales report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a 'normal' or 'neutral' market in which there are enough homes available for active buyers (see graph below):


What does this mean for you?

When the supply of homes for sale is as low

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