... great place to live and work ...
with beautiful canyon areas, good wetlands and wildlife, Pacific Ocean coastlines and lots of blue water, fantastic views toward mountains during winter, flat and sandy beaches, mild and pleasant climate almost all year.
We continue to have lots of distressed homes on the market here in Orange County, either REO lender owned, in foreclosure, or short listings.
REO homes continue to sell quickly and with multiple offers.
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ANAHEIM ~
COSTA MESA ~ HUNTINGTON BEACH ~
IRVINE ~ LAKE FOREST ~
SANTA ANA ~ Orange County's largest city in terms of people and housing units.
TUSTIN ~
Investors have returned to the Orange County market and have been buying entry level homes, mostly in the range under $400K. REO homes in this range are flying off the market.
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If you want information about Orange County homes and properties, please contact us. Thank you.
Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
I don't focus enough on water resources and being careful with our home garden and landscape. We are trying to save on water whenever possible and don't use as much of the good stuff on our yard as we have in the past.
We live in beautiful Irvine, South Orange County, where it's dry and will soon get hotter was we approach July through September. This arid region of Southern California seems to be always in some stage or form of drought.
Our Irvine Ranch Water District does a good job of educating the public about benefits of saving water and uses its ALWAYS WATER SMART program.
The IRWD has its own landscape water education online webinar scheduled for May 30, 2009.
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IRWD has Water Saving Landscaping Tips For your Home:
~ 
Plant drought resistent or native plans that require less water.
~ Before watering plants, check soil for moisture and water.
~ Water your lawn and landscape during morning or cool times of the day.
~ Set irrigation timer to 3 or 4 minutes at each area (not 15 to 20 minutes).
~ Always shut off auto irrigation system during rainy seasons.
~ Adjust irrigation schedule and use index at www.beWaterWise.com.
(Our family needs to work on some of these).
And just when you think you have seen all possible online calculators, the American Water Works Association has an interesting WATER DRIP CALCULATOR, which can be used for education and fun.
Let's work on possible water conservation at our own yards here in beautiful ... but dry ... Orange County and Southern California neighborhoods.
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If you want information about Southern California and Orange County homes and properties, please contact us. Thank you. Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
We have solid buyer demand for REO and bank owned properties here in communities around Orange County ... with average time on the market for at REO an amazingly short 19 days.
But when banks take the properties as REO after foreclosure, they are not good at cleaning them up and getting them to market, then sold through a smooth process. Private groups are much better at disposing of previously distressed properties.
More Orange County properties are being purchased at trustee sales (foreclosure auction) these days by private investors ... who then mostly fix them up and get them on the market.
Investor owners (after trustee sales) seem to be satisfied that they can comply with HUD anti-flipping 90-day owner hold requirements.
ForeclosureRadar.com tracks California foreclosures and issued its monthly California Foreclosure Report for April 2009. See ForeclosureRadar.com report for April 2009 ~ Investors Purchase Record Number of Foreclosures at Auction.
In a reversal from March 2009 ~ California foreclosure Notice of Default filings dropped by 18.2 percent in April ... while foreclosure sales rose. Notices of Trustee sale, which sets the auction date and time, also dropped by 8.5 percent from the prior month.
Sales to private parties at auction after foreclosure rose by 35 percent. A record number of those properties were purchased by third parties at an average 28 percent discount from estimated market value.
This reduction of California NOD filings and NOT filings is probably due to signficant number of attempted loan modifications by owners around California.
However, most of the attempted loan mods will either not work, or the owners will default after their mods are completed, and the properties will go through the foreclosure pipeline.
So it's good that such distressed properties will get through that foreclosure pipeline, be purchased by private parties and investors at auction, who are then better than banks at cleaning these up and moving them to the open market.
Private sellers do a better job of working with buyers who are FHA qualified (3.5% down payment), while banks at REO have not wanted to respond to consumer demand from this buyer group.
So it's positive for real estate that more investors and private parties are buying properties at California trustee sales and foreclosure auctions.
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If you want information about Southern California and Orange County foreclosure homes and properties, please contact us. Thank you. Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
Laguna Beach is a seaside resort and artist community located in South Orange County, California ... just south of Newport Beach and north of Dana Point. Laguna has year round population of about 24,000 people.
With some of the most beautiful beaches in southern California, Laguna also has hotels, unique shops and restaurants, art galleries and art festivals.
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Arch Beach Heights is an area with spectacular ocean views and located in the hills above Laguna Beach village.
This Heights area has population of about 2,000 people. Homes were built starting in the late 1950s and most homes are now upgraded and remodeled. Detached Custom Homes, 2 - 4 bedrooms, one to three stories. These homes have architectural styles including Craftsman, Mediterranean and contemporary.
Most of Arch Beach Heights homes hug the hillsides and have amazing and panoramic Canyon, Catalina Island, City Lights, Coastline, Hills, Mountain and Ocean views with sunset all year long.
As of today, May 7, 2009, there are 19 homes for sale at Arch Beach Heights, with average list price of $1,279K.
10 homes at Arch Beach Heights have been sold this year during 2009 (January 1 to May 7), with average sold price of $1,122K. 4 of those sold homes were short listings, and one was REO bank owned.
There were just two homes sold at Arch Beach Heights sold during this same time last year, January 1 to May 7, with average sold price of $1,495k. One of those sold homes was an REO bank owned.
We previewed homes at Arch Beach Heights with buyer clients today, and it was fun. Some buyers love this Pacific Ocean view neighborhood and are taking advantage of their opportunities at ABH and Laguna Beach.
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If you want information about Laguna Beach or Orange County homes and properties, please contact us. Thank you. Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
www.BuyersExploreHomes.com ~ www.ExploreTheOC.com
... is a great place to live and work, with some of the most beautiful canyon country, good wetlands and wildlife, Pacific Ocean coastlines and lots of blue water, fantastic views, flat and sandy beaches, and mild and pleasant climate almost all year.
We continue to have lots of distressed homes on the market here in Orange County, either REO lender owned, in foreclosures process, or short listings.
REO homes continue to sell at a fast pace here at Orange County, California.
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ANAHEIM ~ During April of 2008, there were 40 REO homes sold. During April 2009, there were 85 REO homes sold.
... an amazing jump in number of REO sold this year ...
HUNTINGTON BEACH ~ During April of 2008, there were 13 REO homes sold. During April 2009, there were 19 REO homes sold.
LAKE FOREST ~ During April of 2008, there were 25 REO homes sold. During April 2009, there were 31 REO homes sold.
SANTA ANA ~ Orange County's largest city in terms of people and housing units. During April of 2008, there were 38 REO homes sold at Santa Ana. During April of 2009, there were 165 REOs sold.
... an amazing jump in number of REO sold ...
TUSTIN ~ During April 2008 there were 9 REO homes sold at Tustin. During April 2009 there were 20 REO homes sold. There are now just ten REO homes for sale at Tustin.
We see that better things are happening now for homes and real estate at Orange County, especially with positive number of REO homes being sold.
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For this article, I used information from SoCal Multiple Listing Service.
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If you want information about Orange County homes and properties, please contact us. Thank you.
Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, Irvine, CA.
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