Elite Home Sales Team Keller Wms. Realty

Obama To Be In Southern California Today and Tomorrow

Today the Barack Obama will be in Southern California arriving at LAX and will be doing fund raisers today and tomorrow. It is interesting to not the President is going to be traveling in Los Angeles at high traffic time again. This is the Presidents 9 visit to California and the 6th to raise money.

He will then be in Orange County tomorrow. I read that the President Barack Obama will be visiting South Orange County on Thursday in Corona del Mar. According to the article in The Orange County Register he will be at a breakfast at 7:00 AM you can have a photo of you and him for a cost of $10,000. To have breakfast you will have to put up $35,000.

It is important to realize when the President will be in the neighborhood because it will disrupt traffic. According to the article, the event will take place at a private home in Shore Cliff. It will be hosted by Jeff and Nancy Stack.

Orange County Home Prices Moved Down In 90 Percent Of The Area

This is a sad state of affairs. It is sad to see that Orange County has suffered with 90 percent of the home have lost value when their prices have moved down. Data Quick compaired 2010 and 2011 calender years and found our median price of $480,000 is down 6 percent. It is even worse news for condo owners with an 8 percent drop.

Only two zip codes had a positive up turn in both price and number of sales in the year 2011 and that was Newport Beach 92662 and Orange 92869.

The numbers are sad that we have lost 34 percent of the value since 2007.

When someone tells you the market is getting better I ask where and how that is happening.

San Clemente Realtor Mark Palson, Area Market Report 2/12/2012

This weeks market report for San Clemente and surrounding areas from San Clemente Realtor shows that Orange County Median Prices for the resale homes were down 5.3 percent, for new homes it is up 16.4 percent and for resale condos down 5.8 percent. The sales volume is down for resale homes 5.7 percent and down 5.7 percent on condos and down 28.1 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are down 4.7 percent and the sales volume is up 62.1 percent.
• Mission Viejo Zip Code 92692 sales prices are down 7.2 percent and the sales volume is down 25.8 percent.
• Aliso Viejo sales prices are down 18.7 percent and the sales volume is down 19.7 percent.
• Laguna Niguel sales prices are down 0.9 percent and the sales volume is down 3.1 percent.
• Rancho Santa Margarita sales prices are down 14.3 percent and the sales volume is down 5.6 percent.
• San Clemente Zip Code 92672 sales prices are down 19.5 percent and the sales volume is down 25.0 percent.
• San Clemente Zip Code 92673 sales prices are up 9.1 percent and the sales volume is down 22.5 percent.

The last 3 weeks has been a roller coster ride.

Here Are 5 Tips For Renters

If you are a renter and you were one of the folks that got crushed in the mortgage meltdown. You went through a short sale or foreclosure. You probably can get back into the market. Or if you are a renter and you have not decided to purchas a home or condo lets talk.

Here are 5 tips for renters to become a buyer of a home:

• Check with a Realtor and find out the amount you will need to purchase a home. Some can get a one half percent down payment of the value of the home purchase price. ($900 -$3000) depending on the home value. If you do not qualify for that it could be 3.5% to purchase.
• Look at properties with a Realtor in person. The agent will get you into properties you qualify for and help you to actually evaluate the property. If you look on line you are purchasing based on the photographer's skill.
• In a lot of the cases it is cheeper to buy than it is to rent. Low down payments and low prices make it easier to purchase today than in the last 3 years. Most renters have not looked to see what they can do for themselves.
• If you have never owned a home you are not aware of the tax write off on your income taxes. It is substantial. Think of this you can own a home and pay (in most cases) less than rent and get a tax break in addition.
• Our current market conditions exists only a few times in a life time, low value of home and low interest rates. With the current conditions some are woried they may pay to much for their new purchase. We have shown in other blogs that for the past 3 months we have been increasing in the number of sales. The increases in home value normally follows. More importantly the speed of increase in interest rates going up is substantial. If you wait and interest rates go up smaller cheeper homes will cost more per month.

Remters this is you time to own a home lets go shopping.

San Clemente Realtor Mark Paulson, Area Market Report 1/29/2012

This weeks market report for San Clemente and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 4.7 percent, for new homes it is up 30.6 percent and for resale condos down 5.5 percent. The sales volume is down for resale homes 3.3 percent and up 1.0 percent on condos and down 27.0 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 11.4 percent and the sales volume is up 36.1 percent.
• Mission Viejo Zip Code 92692 sales prices are up 1.1 percent and the sales volume is up 2.0 percent.
• Aliso Viejo sales prices are down 9.3 percent and the sales volume is up 15.3 percent.
• Laguna Niguel sales prices are down 12.4 percent and the sales volume is down 5.1 percent.
• Rancho Santa Margarita sales prices are down 8.7 percent and the sales volume is down 6.7 percent.
• San Clemente Zip Code 92672 sales prices are down 21.9 percent and the sales volume is down 14.7 percent.
• San Clemente Zip Code 92673 sales prices are down 5.3 percent and the sales volume is down 2.4 percent.