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.
The $8,000 first-time homebuyer tax credit has been a target for fraudulent claims. There have
been more then 90,000 fraudulent claims made including those made by former homeowners and children.
Eligibility for the tax credit issued by the Obama Administration extended to those who has not owned a primary residence in the last three years and earned less than $75,000 as an individual or $150,000 as a married couple.
The IRS has discovered 167 criminal schemes, opened 115 criminal investigation and has temporarily frozen more than 1110,000 refunds. They found that 582 supposed first-time home buyers were under the age of 18 and 73,7999 claims belonged to people who already owned a home.
Through late August more than 1.4 million claims have been made towards the tax credit.
If you are looking for something fun to do to get into the Halloween spirit why not go on the
Haunted Fullerton Walking Tour .
Fullerton is one of the oldest and most haunted cities in Orange County so why not take the tour and see where the ghosts are hiding. On the tour you will find out what businesses have pots and pans flying around when the lights shut off and which famous deceased Fullertonians like to make an appearance.
The tour lasts approximately 2 ½ hours and will cover 1.5 miles in the downtown Fullerton area. The tour begins at the Fullerton Museum Center and leaves at 6 pm. Call 714-738-6545 to make a reservation, the tour ends November 6th.
If you are looking for an affordable apartment look no further than Westminster.
The city had the county’s highest percentage of empty units and the greatest rent cuts. Rents in large apartment complexes dropped 9%, averaging $1,312 per month. Almost 11% of units in Westminster’s large apartment complexes are empty.
Mission Viejo and Irvine had the second and third biggest rent reductions. Summer rentals in Mission Viejo averaged $1,400 a month which was a 7.2% drop.
Irvine had the county’s second-highest vacancy rate at 8.5%. Irvine apartment owners cut rents by 7.1% to an average of $1,779 a month.
Rents went down last summer in 22 of 23 Orange County cities studied. Countywide the average rent was $1,523 over the summer, down 5% from the summer of 2008.
The only O.C. city studied to see rents increase was Brea. Brea’s average rent in a large apartment complex increased 3% to $1,469 a month.
According to the latest O.C. home inventory report, Aliso Viejo is the hottest market in terms of “market time.”
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Theoretically all homes for sale in Aliso Viejo could be sold in 1.2 months at the current buying pace. It is the hardest place in Orange County to find a home to buy.
The O.C. city with the slowest market time is Corona Del Mar where – at the current pace – it would take 16.3 months to sell all for sale homes. It is currently considered the hardest place to sell a home.
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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