Some buyers are resorting to writing “love letters” to sellers - that is, letters describing how much they love the home and how they plan to take good care of it. They might have to reduce their contingency timelines.” They have to be pre-approved (for a loan). They have to have their down payment accessible. “They have to have their finances in order. They have to be ready to win,” said Priscilla Rael-Albin, broker-owner of Re/Max Discovery in Anaheim Hills. Rates have been holding steady just above 4 percent for the past five weeks.īuyers “have to be on their game. Mortgage interest rates also continue to tempt buyers after dropping in late March, agents said. … If you’re not selling right now, something’s wrong with you.” ![]() Every house we put on the market, it’s taking a week (to sell) if it has everything. The four-bedroom, two-story house closed at $670,000 on April 28 - $20,000 above the asking price. Homes that are priced right and are in move-in condition are getting snapped up fast, often within two weeks or less, agents said.Īsa Teran of International Real Estate Services in Covina listed a La Palma house for $650,000, accepting one of eight offers within four days. The average number of sales per day actually went up 11 percent from a year ago. April had 2.8 percent fewer resales than a year ago.īut last month also had fewer business days, in part because of the Easter holiday. New home sales accounted for most of that increase, while resales of existing homes appeared to be declining. Rising prices and fierce competition between homebuyers failed to put a damper on sales, however.ĬoreLogic reported 3,309 transactions last month, 22 more sales than a year ago and the third highest tally for an April since 2006. In my office alone, everything’s got multiple offers on it.” “We keep thinking, gosh, as interest rates creep up, prices are going to stabilize. “Prices keep going up,” said Deb Shihadeh, an agent with First Team Real Estate in Tustin. Still, Orange County’s median has risen year-over-year for 60 straight months. Southern California’s median remained 15.7 percent below the peak in inflation-adjusted dollars. Orange County’s April median, for example, remains $85,666 - 11 percent - below the price peak when adjusted for inflation. Once inflation is taken into account, however, home prices lag values from the bubble days of 2007. Last month’s existing single-family home median rose to $733,000, $1,000 below the 2007 high of $734,000. That’s up $3,000 from March’s record price and was $8,000 above the high reached during the housing boom. That’s a 73 percent gain in five years.Ĭondo prices also reached record highs for a second straight month, rising 7.3 percent in a year to $478,000. Home prices were up $30,000 in the past year and have climbed $285,000 since the market turnaround in February 2012. The median price of an Orange County home - or price at the midpoint of all sales - hit $675,000, the fifth record in the past year, according to real estate data firm CoreLogic. There is no homes behind this home giving you extra privacy.Orange County home prices set records again in April amid one of the hottest spring homebuying seasons since the housing recovery began five years ago, new data released Tuesday show.ĭespite a lack of homes to buy, strong demand continued to push sales upward as well, especially in the new housing tracts where builders were experiencing their best April in 14 years. There is plenty of room for a few horses as well. Plenty of Rv parking with wide access for your boats, toys and RFV's. This backyard is a perfect set up for gatherings and entertaining. Enjoy the outdoor fireplace perfect for enjoying those cool evenings with guest. There are multi color chaining lights for the pool and the entire backyard has outdoor lighting making this backyard an oasis. Backyard has an amazing pool and spa featuring a Baja shelf to relax on. ![]() The master suit has a huge walk in closet, balcony overlooking the pool and backyard. Upstairs features 3 large bedrooms with walk in closets. The family room features a second fireplace, pool table and a great entertainment area. Kitchen features island, some stainless steel appliances and undercabinet lighting. Two bedrooms with a Jack and Jill bathroom downs stairs and an additional half bathroom. Formal living room features a beautiful fire place. Spacious floorplan with tons of space for entertaining. This grand home boasts an impressive entry with high ceilings. Fully fenced off yard with automatic electric gate give you the privacy you want. There is only 2 of these homes built and is made out of steel frame construction. Live in NORCO HILLS POOL HOME! LOW TAXES & NO SPECIAL ASSESSMENTS. PRICED 200K BELOW MARKET VALUE! First time on the market.
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