Homebuilding in Orange County is beginning to rise again. 126 single-family residence permits were issued
in Orange County in September – which was a 63.6% increase from August and a 14.5% from September 2008.
Overall the number of building permits issued in Orange County so far are down 10.6% from 2008. In the last nine months builders have received 955 houses compared to 1,068 in the first nine months of 2008. The biggest drop in permits had to do with multi-family units. In September builders took out a mere 17 multi-family unit permits, a 90.2% drop from last year.
San Diego County and the Inland Empire saw the number of permits increase as well.
Home prices throughout Los Angeles and Orange County rose 1.6% in August marking the third month of
month-to-month gains. This month marks the longest of those streaks since September 2006.
Unfortunately local home prices are still falling at a rate of 12% per year, but that is the smallest annual rate of decline since November 2007.
The real estate and finance market in Orange County has lost 1 out of 7 employees. In the month of September t
here was 202,500 Orange County residents working in finance – although that is 15,400 less people than last year it is also the smallest year over year loss in two years.
The construction industry in Orange County has been hit the hardest – they have lost 10,500 jobs this year alone.
Since the deadline for the homebuyer tax credit is right around the corner, revenue from broker-handled
deals increased last month to the highest level for a September in three years.
Broker transactions account for roughly 85% of all local home sales and generated $1.4 billion in Orange County in September. Broker transactions include home sellers, brokers and agents. Brokers handled 2,454 homes last month – the most homes for a September since 2005.
Overall revenue was up 12.3% from September 2008, when broker deals generated $1.2 billion. For the first time in 4 years revenue rose from August to September – this year rising $149 million.
The median home price of Orange County homes appears to be on track for this year’s eighth month of
increases. If October ends the way its expected to end it should also be the second month of year-over-year price increases after 24 months of price declines.
For the month of September the median price of an Orange County home was $432,000, up 2.9% from 2008. Overall home prices in Orange County are 33% below their peak.
In September O.C. shoppers purchased 2,980 residences , up 3.5% from last year’s buying activity. Nationwide home sales jumped a record 9.4% in September as new home buyers are trying to take advantage of the tax credit that ends next month.
Hewlett Packard National Realtor Technology award winner, B.S. in Computer Science and Economics, one of the top Realtors in Orange County.
It's in his blood... Real Estate is in Adam's blood... he is a second generation real estate agent who was answering phones at his father’s realty and mortgage companies as soon as he was able to walk and talk! Adam soaked up all there was to know about the industry, as well as his family tradition of providing superb, high-touch customer service.
Leveraging the power of information... However, Adam took his thirst for knowledge one step further. Recognizing the opportunity to embrace technology as a way to enhance customer service, Adam earned a B.S. in Computer Science. He leverages the power of information technology and partners with companies such as LendingTree.com, HomeValues.com, HomeGain.com, and Realtor.com to offer his clients unparalleled visibility to home buyers.
Technology/Marketing award winner...By using the latest technology communication tools Adam streamlines the home buying and selling process for his clients. This ensures that his clients receive prompt and accurate up-to-the minute communications, as well as a fresh marketing strategy that encompasses both traditional and the latest online mediums. In fact, this high-tech strategic approach has won Adam national recognition as the 2006 Hewlett Packard National Realtor Technology Award Winner and more recently as a 2007 Realtor.com “Online Marketing Award of Excellence honoree.
Integrity and experience... As an advocate of the six-sigma methodology, Adam is constantly improving his business model. He employs a level of integrity to which many aspire and few achieve. Adam’s success is evident in his work ethic of take the easy way do it the right and that's his clients say about him... Adam works hard, and he does it right!
Adam Brett Freilich CA DRE LIC#01499486
Residential Re-Sale, Commercial Properties, Foreclosures and Investments. As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.
"Adam Brett helped us get into our dream home. He has the expertise in understanding the real estate market and incorporates the due diligence necessary to work hard for your specific real estate related needs. Adam is supremely versed in marketing, technology, and overall market trends, thus, as a home buyer or seller, you will be supplied with the tools required for a smooth transaction. We will call him again for any future needs, so call Adam today; he will be there for you." Kirk & Supika Kinder
It meant a lot to us that Adam delivered on his promises in a timely manner. Within the first week of listing our house for sale he set up a virtual tour online. He even took the time and effort to ‘stage’ our home for the open house events – going the extra mile is just standard service for Adam. He is extremely creative with his marketing and it's obvious he loves what he does by the enthusiasm he displays and the manner in which he gets things done!" Sherry Caracci
"When our mom passed away, we needed to sell the family home. It was a very emotional and difficult time for us. Adam came up with a terrific marketing plan and was able to sell the house for a good price within five weeks of listing the home for sale. He is the best real estate agent I’ve worked with period!" Al Smith
"We traveled a lot while our property was listed for sale and Adam kept it up for us while we were gone. He definitely went the extra mile!" Sally Fuller
"I want to THANK YOU so very much for all your time, support and dedicated work to complete the virtual tour / powerpoint for our Resource Center. You did an absolutely incredible job and I greatly appreciate it and most of all you." Patricia W.
"Working with Adam was a great experience. He was awesome, he helped us through the process every step of the way. He even helped us find resources to fix up the home when we put it on the market for sale. It was a very smooth experience, and I wouldn't hesitate to recommend him to anyone needing help to sell a home." Andrea Luarca
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