Archive for November, 2012

Madrid Mission Viejo – A Great Community to

Posted on November 15, 2012. Filed under: First Time Buyer help | Tags: , , , , , |

The Community of Madrid in Mission Viejo

Madrid of Mission Viejo is the perfect place to get that home you have been looking for, for that price you have been wanting. Check out a few of the statistics below…

Active Listings:  6
Within the Past Year…
Closed Listings in past year:  54
Avg Sale price:  $351,387
Avg Days on Market:  63

Madrid has a very diverse range of ages in the community but the chart shows us a little more in detail of the specific ages you may want to live with. Another great reason to make this decision would be because of the very low crime rates for the area and let alone all of Orange County has very little crime.

Hope all this info gives you enough reasoning to check out Madrid in Mission Viejo. Don’t hesitate to give The Weeks Team a call with any information regarding this community or any real estate information you would like to learn or know about.

The Weeks Team
1-877-230-3211
angie@askangie.com
Properties.AskAngie.com

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California Real Estate Forecast 2012 – 2013

Posted on November 6, 2012. Filed under: First Time Buyer help, Home Seller Tips, Informed Investor Alliance, Orange County Real Estate | Tags: , , , , , , , , , , , , , , , , |

    If you are interested in what is to come in Orange County real estate, then listen up as Leslie Appleton Young has provided us with some great insights.  We had the chance to attend one of Leslie’s recent luncheons, and she gave us great information we needed to know for the upcoming Real Estate shift.

As mentioned in our recent video summary on YouTube (embedded below), Leslie stated California Realty is a “Bright Spot in the California Economy; and that the bottom has been reached and is on its way up.”  We also found demand is starting to grow, big time!  83% of Real Estate investors are buying to hold.  57% of homes in Orange County are recieveing multiple offers of more than asking.  There are an average of 4.3 offers per property!!!  Homes are flying off the market right now as well – the average days on the MLS is cut in half from a year prior.  Southern California Median home prices are up 14.3 %. Things are looking much better for Orange County and California real estate in general…great news!!

Are you ready to get your Orange County home on the market and upgrade?  Call The Weeks Team…877-230-3211

CALIFORNIA REAL ESTATE FORECAST 2013

  2008 2009 2010 2011 2012f 2013f
SFH Resales (000s) 441.8 546.9 492.3 497.9 523.3 530.0
% Change 27.3% 23.8% -10.0% 1.1% 5.1% 1.3%
Median Price ($000s) $348.5 $275.0 $305.0 $286.0 $317.0 $335.0
% Change -37.8% -21.1% 10.9% -6.2% 10.9% 5.7%
30-Yr FRM 6.0% 5.1% 4.7% 4.5% 3.8% 4.0%
 1-Yr ARM 5.2% 4.7% 3.5% 3.0% 2.8% 2.8%
f = forecast

Contact info:
The Weeks Team
949 – 338 – 7408
angie@askangie.com

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Mission Viejo Real Estate Statistics – Time to build that portfolio!

Posted on November 1, 2012. Filed under: First Time Buyer help, Informed Investor Alliance, OC Property Profiles, Orange County Real Estate | Tags: , , , , , , , , |

Mission Viejo Real Estate is selling like no other! Homes come on the market and are off just like that. Here are some of the stats for Mission Viejo Real Estate, but 1st I will allow you to view the meanings of each before anyone is confused as to what each stand for…

  • Active – indicates the property is on the market and accepting buyer offers.
  • Backup – means the home has technically accepted a buyer offer and is sold, but the buyer is still in his/her contingency period of due diligence investigations and full loan approval.  California buyers get 17 days after offer acceptance to complete all contingencies and inspections.
  • Pending – implies all contingencies have been removed on this listing and its only a matter of time until close.
  • Closed – entails the buyer’s loan has funded, and title has officially recorded in the new owner’s name.

There are a few other status’ you may see:

  • Hold – property is on hold and not being shown to new buyers for various reasons. (there are 36 of those right now)
  • Cancelled – means the property listing was cancelled by the owner before a sale took place.
  • Expired – indicates the listing agreement on the home for sale expired before a sale occurred.
  • Withdrawn – similar to cancelled status, this property has been withdrawn from the market.

Current Mission Viejo Real Estate Statistics

Active: 108
Attached: 19
Detached: 89

Back Up: 154

Pending: 107

Closed (last 30 days): 114

Now lets compare these stats with last years Mission Viejo home statistics.

Average Sale Price in Mission Viejo 1 Year Ago: $416,951
Average Sale Price in MV in the Past 30 Days: $428,500

Avg. Square foot price 1 year ago: $231.31
Avg. Square foot price Today: $280.77

Avg. Days on Market 1 year ago: 93
Avg. Days on the Market Now: 76

We are currently moving towards a seller’s market in Mission Viejo.  There are an average of 4.5 offers for every one property, and we are seeing properties sell in 1 day or even before they hit the MLS!!  Now is a perfect time to move up and get more square footage for less than ever before. If your interested in upgrading your home, or adding to your Mission Viejo real estate portfolio, please contact The Weeks Team 888-281-7665 for more info on how you can take advantage of this ideal real estate opportunity!

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    Orange County, CA Real Estate for hip first-time buyers and investors. Plus, fun things to know and do in OC.

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