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Adam Brett - Fullerton, California Realtor

Haunted Fullerton Walking Tour

If you are looking for something fun to do to get into the Halloween spirit why not go on the

hw 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.

Brea Is The Only O.C. City With Rent Increases

If you are looking for an affordable apartment look no further than Westminster.

brea

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.

Hardest O.C. City To Buy A Home?

According to the latest O.C. home inventory report, Aliso Viejo is the hottest market in terms of “market time.”

aliso viejo 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.

Asking Prices Stay High, Demand Remains Low

The higher the asking price on houses in the current market conditions the longer it will stay on the

for sale market. There has been some discrepancy between what sellers are asking for and where the market is currently at. This has caused an 85% ratio of the sale to original list price. The 15% price drop is what is needed in order to move the million-dollar homes.

Currently homes listed for more than $1 million dollars have a market time of 10.37 months. At the current pace it would take 2.48 for all homes for sale in Orange County to be purchased. Homes listed under a million dollars have a market time of 1.88 months.

O.C. Hotel Rooms Continue To Stay Empty

Summer was the perfect time for visitors to travel to Southern California. Not only is the weather

hotelperfect but this year hotel room rates fell 16%.

Despite those incentives 25% of local hotel rooms went empty – compared to 19% a year ago. The countywide “revpar” score (which measures hotel cash-flow in regards to rates and occupancy) was down 22% for August.