An Off Market Listing from The Aaronson Group in Corona Del Mar, CA
Luxury living is about more than stunning views and cutting-edge smart home technology—it’s about elevating your lifestyle. Luxury Coastal Properties are The Aaronson Group's specialty. And if you’re in the market for a million-dollar home, now is an excellent time to explore the thriving luxury market. Here’s why.
The number of luxury homes is growing
The top of the market, or luxury homes, can mean different things depending on where you live. However, these homes are generally in the top 5% price range in any area. According to a recent report from Redfin, the average value of those homes has risen to over one million dollars: “The median sale
Are you deciding whether to sell your house now or hold off? It’s a common dilemma, but here’s a pivotal point: your lifestyle might be the most significant factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to decide sooner rather than later.
An annual report from the National Association of Realtors (NAR) explains why homeowners like you chose to sell. All of the top reasons are related to life changes. As the graph below highlights:
As the visual shows, the most significant motivators were the desire to be closer to friends or family, outgrowing their current house, or experiencing a vital life change like getting married or having a baby. The need
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
What is a balanced market?
A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?
As we move into 2025, we must know what experts are projecting for the housing market. Whether you're considering buying or selling a home next year, having a clear picture of what they're calling for can help you make the best possible decision for your homeownership plans.
Here's an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.
Mortgage rates are projected to come down slightly
Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the next year (see chart below):
Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re considering buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, ensuring you have someone you can go to for trustworthy information is extra essential.
If you partner with a real estate agent, they can clear up some common misconceptions and reassure you by backing them up with research-driven facts. Here are just a few misconceptions they can help disprove.
1. I’ll get a better deal once prices crash
If you’ve heard home prices will come crashing down, it’s time to look at what’s happening. While prices vary by local market, a lot of data from numerous sources shows a
In recent years, there has been a significant shift in how wealth is distributed among generations. This shift is called the excellent wealth transfer. Historically, transferring wealth from generation to generation was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way.
As a recent article from Bankrate says: “The biggest wave of wealth in history is about to pass from baby boomers over the next 20 years, and it will have major impacts on many facets of life. Called the great wealth transfer, $84 trillion is poised to move from older Americans to Gen X and millennials. If it’s managed smartly, Americans will be able to grow their wealth and ensure
If you plan to sell your house and move, you probably know there’s been a shortage of options. But here’s the good news: the supply of homes for sale has grown in many markets this year – and that’s not just existing or previously owned homes. It’s true for newly built homes too. So, how do you decide which route to go? Do you buy an existing home or a brand-new one? The choice is yours – you just need to figure out what’s most important to you.
Perks of a newly built home
Here are some benefits of buying a newly built home right now:
Have brand new everything with never-been-used appliances and materials
Use energy-efficient options to save money and leave a smaller footprint
Corona del Mar — Spanish for “Crown of the Sea” — is a community as beautiful as its name. Nestled on the foot of the San Joaquin Hills and fronting the Pacific Ocean, Corona del Mar ranges along a bluff at the south end of Newport Beach, California, and includes some of Orange County’s most prestigious residential areas. This seaside community is conveniently located just 50 miles south of Los Angeles International Airport, 4 miles west of Orange County’s John Wayne Airport, and 70 miles north of San Diego.
The Corona del Mar coastline has it all — small private coves, cliffs and tide pools, spectacular views. Directly south is one of Orange County’s jewels — Crystal Cove State Park. Also not to…
If you’re considering selling your house, you should know some buyers are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains: “Buyers are still out there, willing to pay today’s high prices, but only if the house is in perfect shape. They don’t want to spend extra money on paint or new appliances.”
It makes sense when you think about it. People have to pay a lot for a house in today’s market. That means they may be unable to easily afford upgrades after moving in. So, if your home is outdated or needs some work, buyers might pass it by or offer a lower price than you were hoping for.
And there are a lot of homes that need upgrades right now. Millions