Preview Orange County Real Estate Blog

SOLD! Elegant Custom Waterfront Home on Promontory Bay, Newport Beach

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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Homebuyer Activity Shows Signs of Warming Up for Spring

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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The Big Advantage If You Sell This Spring

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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IN ESCROW! Experience Modern Luxury With This Stunning, 180 Degree Ocean View Property

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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Why Aren’t Home Prices Crashing?

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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We’re in a Sellers’ Market. What Does That Mean?

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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SOLD! Charming Spanish Architecture Home Nestled in a Secluded Gated Community!

Enjoy extravagant living indoors and out from this beautiful pride of ownership single level home nestled in the secluded Capistrano de Oro highly desired gated community. Located within very close proximity to the prestigious St. Margaret school, this light and bright open floor plan has been tastefully upgraded from top to bottom. The elegant spacious living room & family rooms feature raised ceilings, & new laminate flooring perfectly contrasting with paint in today's colors. The expansive freshly remodeled gourmet kitchen is finely appointed with high quality granite countertops & contrast backsplash, loads of cabinetry, & newer stainless appliances. The spacious primary bedroom suite features an upgraded bath with large shower, plenty of wardrobe…

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Just Listed! Experience Modern Luxury With This Stunning, 180 Degree Ocean View Property

The Aaronson Group has listed 26 North Vista de Catalina, Laguna Beach, Orange County, California, for $5,995,000. (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 Multi-Slide Door System…

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4 Key Tips for Selling Your House This Spring

Spring has arrived, which means more people are getting their homes ready to sell. But with recent shifts in real estate, this year's spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:

1. Make sure you give buyers access
One of the biggest things you can improve as a seller is limiting the days and times when buyers can view your home. In any market, if you want to maximize the sale of your house, you can't limit potential buyers' access to view it. If it's not accessible, it could cost you by sitting on the market longer and ultimately selling for a lower price.

2. Make your home look as good as…

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Open House! Come Join Us Saturday 4/1/2023

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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