South Coast Homes

These Laguna Beach homes are off to auction

KELLI HART, THE ORANGE COUNTY REGISTER — Fri, 20 Nov 2009 21:00:16 +0000

These Laguna Beach homes or parcels are in default on loans and scheduled to go to auction according to legal notices printed Nov. 19.

2130 Hillview Drive

Amount unpaid: $1,698,933.01
Auction date: Nov. 25
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 619-645-7711
TS number: CA-09-238287-CH

2410 Glennerye Street

Amount unpaid: $1,477,308.48
Auction date: Dec. 2
Time: 10 a.m.
Location: In the front of the flagpoles at the main entry area to the Placentia Civic Center, 401 411 E. Chapman Avenue, Placentia
Information: 530-672-3033
TS number: 20099070816971

933 Quivera Street

Amount unpaid: $1,046,786.24
Auction date: Dec. 3
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 714-730-2727
TS number: 05-FMB-80539

2255 Crestview Drive

Amount unpaid: $1,805,068.12
Auction date: Dec. 9
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 619-645-7711
TS number: CA-09-307273-BL

1061 Oro Street

Amount unpaid: $978,497.31
Auction date: Dec. 10
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 626-927-4399
TS number: 09-0117864

1570 Via Capri # 8

Amount unpaid: $568,805.06
Auction date: Dec. 12
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 714-730-2727
TS number: 05-FMB-80228

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Post from: South Coast Homes

Beach-close community averages 1 home sold per week

KELLI HART, THE ORANGE COUNTY REGISTER — Fri, 20 Nov 2009 12:00:10 +0000

Despite the crummy state of the market, one community has been faring pretty well as far as home sales go.

Since about the start of the year, Monarch Beach’s Niguel Shores community has seen 37 closed sales, which Monarch Bay Realty agent Joseph Smith says averages ‘about a home sold a week.’

And, most of these homes didn’t sit there terribly long - the average days on market period for these 37 sales is 78 days.

The homes sold ranged from $592,000 and $8 million, making the average sales price $1,387,000.

And, sales just started picking up in a season where people aren’t typically looking to buy a house. In October alone, five homes closed escrow in this neighborhood.

Perhaps the first time homebuyer tax credit and historically low interest rates had something to do with October’s sales, and winter won’t be gloomy as usual for real estate in this area.

Priciest home sold:

11 Breakers, $8 million

Cheapest home sold:

24122 Gourami Bay, $562,000

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In escrow: Emerald Bay home that’s $2,894 per square foot

Post from: South Coast Homes

Ocean-view short sale slashes price, worth the wait?

KELLI HART, THE ORANGE COUNTY REGISTER — Thu, 19 Nov 2009 21:00:01 +0000

This short sale in Dana Point just saw a price reduction that took it south of $1 million.

Located at 27532 Gable Street, the home has 4 bedrooms, 3.5 baths, 3,093-square-feet and ocean views for $999,900. That comes out to $323/square-foot.

The home was originally listed at $1,590,000.

It’s also just a few blocks from the beach but has been sitting on the market for 252 days…because it’s a short sale. And short sales aren’t getting any easier.

In his latest biweekly report, Steven Thomas of Altera Real Estate says the following about short sales:

“There are 2,132 pending sales that are have been pending for more than two months. A stunning 91% are short sales, 1% are foreclosures and 8% are homeowners with equity. Almost a third of the total pending sales count has been pending for more than two months and most are short sales.”

Is this short sale worth the wait?

Read more…

Post from: South Coast Homes

These San Clemente homes are headed to auction

KELLI HART, THE ORANGE COUNTY REGISTER — Thu, 19 Nov 2009 12:00:30 +0000

These San Clemente homes or parcels are in default on loans and scheduled to go to auction according to legal notices printed Nov. 19. To obtain information on a particular property, call the information number given the day before the auction and provide the TS (trustee sales) number.

515 Via Delfin

Amount unpaid: $1,096,554.01
Auction date: Nov. 23
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 619-645-7711
TS number: CA-09-254419-CH

501-503 Elena Lane

Amount unpaid: $1,034,983.61
Auction date: Nov. 23
Time: 10 a.m.
Location: In the front of the flagpoles at the main entry area to the Placentia Civic Center, 401-411 E. Chapman Avenue, Placentia
Information: 714-573-1965
TS number: 736389CA

2 Camino Celeste

Amount unpaid: $435,371.07
Auction date: Nov. 20
Time: 3 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 714-277-4845
TS number: 20099134002647

2941 Calle Frontera

Amount unpaid: $616,363.86
Auction date: Nov. 19
Time: 10 a.m.
Location: In the front of the flagpoles at the main entry area to the Placentia Civic Center, 401-411 E. Chapman Avenue, Placentia
Information: 619-590-1221
TS number: 1227462-02

42 Calle Maravilla

Amount unpaid: $687,756.93
Auction date: Nov. 19
Time: 3 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 800-281-8219
TS number: 09-0094737

11 Via Cuenta Nueva

Amount unpaid: $664,994.91
Auction date: Nov. 19
Time: 12 p.m.
Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana
Information: 800-281 8219
TS number: 09-0107213

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Post from: South Coast Homes

Discounted multi-unit listings a good investment?

KELLI HART, THE ORANGE COUNTY REGISTER — Wed, 18 Nov 2009 23:30:40 +0000

Two multi-unit properties in San Clemente just received price reductions and both need a bit of work.

But, both are pretty close to the beach.

Some might argue that the fall and winter are bad times to invest in beach property, but if they need maintenance, perhaps they would be ready in time for summer?

Let’s not forget the low interest rates.

111 South Alameda Lane

Price: $2,279,000
20% down payment: $455,800
# of units: 9
Total square-feet: 6,000
Views/unit: 8 units have ocean views

Monthly rent/unit ranges from $800 to $1,700

311 Acebo Lane

Price: $1,249,000
20% down payment: $249,980
# of units: 6
Total square-feet: 3,619
Views/unit: 1 unit has an ocean view

Monthly rent/unit ranges from $1,000 to $1,650

Read more…

Post from: South Coast Homes

Is there life in luxury Emerald Bay market?

KELLI HART, THE ORANGE COUNTY REGISTER — Wed, 18 Nov 2009 21:00:30 +0000

Two homes in Laguna Beach’s prestigious Emerald Bay community just saw price reductions in the past few days.

The first is a home neighboring Warren Buffett’s former house - it’s located at 33 Emerald Bay (Buffett’s is 35 Emerald Bay and was taken off the market in October) and has 6 bedrooms, 6.5 baths, 6,000-square-feet and ocean views. It has been reduced to $7,495,000 from $9,300,000. That’s a $1,805,000 reduction!

The home was originally listed at $12,300,000, making the overall price cut $4,805,000.

The other price reduction isn’t as huge as this one. The home at 50 Emerald Bay was just reduced to $8,200,000 from $8,495,000. It has 4 bedrooms, 5.5 baths, 4,800-square-feet and ocean views.

Other Emerald Bay activity?

A home at 178 Emerald Bay just sold after sitting on the market for well over a year. The home was originally listed at $17,250,000 and dropped steadily for months. It sold for $9,250,000 according to the Southern California MLS and listing agent Kevin Casebier. That’s a huge loss…but the home sold.

One home in Emerald Bay is also pending sale. This home, located at 42 Emerald Bay is one that I have deemed as overpriced. Before it went into escrow, the last listing price calculated the price per square-foot at $2,894/square-foot. This is after receiving a $7,500,000 price reduction off the original listing price.

We’ll keep an eye out to see what it sells for.

There are currently 17 homes for sale in this oceanfront community according to Redfin.com and 3 homes available for rent.

Prices are dropping, homes are selling at a loss, what is in store for this high-end community?

Homes priced at $1 million or higher are moving at an expected market time of 8.79 months, according to a recent report by Steven Thomas of Altera Real Estate.

Do you think that there's life in Emerald Bay?

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Post from: South Coast Homes

Laguna Beach home sales up 61.9% over last October

KELLI HART, THE ORANGE COUNTY REGISTER — Wed, 18 Nov 2009 12:00:00 +0000

Here are the sales trends that appear from DataQuick’s freshest homebuying stats for the calendar month October in our South Coast beach cities …

• 3-city sales totaled 156 – that’s +20% vs. a year ago. Countywide, sales were -1% vs. a year ago.

• Of the 3 cities’ 5 ZIP codes, 2 had sales gains vs. a year ago while 0 had a gain in their median selling price vs. a year ago.

• 0 of these 5 ZIP codes beat the 3.9% overall performance of the countywide median for the past year.

Here’s how the latest DataQuick report breaks down South Coast ZIPs; change is vs. a year ago:

City	ZIP	Median price	Yr. chg.	Sales	Yr. chg.
Dana Point	92624	$462,500	-9.3%	6	-25.0%
Dana Point	92629	$667,000	-6.7%	27	-3.6%
Laguna Beach	92651	$1,110,000	-40.8%	34	+61.9%
San Clemente	92672	$568,000	-6.9%	41	+64.0%
San Clemente	92673	$634,500	-10.6%	48	+0.0%
•O.C.	All	$436,500	+3.9%	2,800	-1.2%

• For more on overall Orange County homebuying trends, CLICK HERE!

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Post from: South Coast Homes

Fresh San Clemente foreclosures

KELLI HART, THE ORANGE COUNTY REGISTER — Tue, 17 Nov 2009 22:30:03 +0000

One of them includes this snazzy Sea Pointe Estates home we wrote about HERE.

To read the full story and check out photos of these foreclosures, CLICK HERE.

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San Clemente ocean view home for $319,900
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Post from: South Coast Homes

1 south coast city selling homes quicker

KELLI HART, THE ORANGE COUNTY REGISTER — Tue, 17 Nov 2009 21:00:34 +0000

Laguna Beach has not only trimmed its expected market time since two weeks ago, but the coastal city also dropped from its ranking as the county’s second slowest housing market to the third slowest.

Topic	DP	LB	SC
Listed	251	339	362
Pending	45	41	103
Market time	5.58	8.27	3.51
2 wks. Ago	5	8.49	3.35
4 wks. Ago	5.18	10.31	3.77
1 yr. ago	11.5	19.82	7.28
2 yrs. Ago	19.5	12.64	12.51
Avg. price	$2M	$3.9M	$1.2M

According to a biweekly report by Steven Thomas of Altera Real Estate, Laguna Beach’s expected market time sped up to 8.27 months - it took an average 8.49 months to sell homes in this city two weeks ago.

However, the other two south coast cities saw their expected market time slow down.

Dana Point’s market time is now 5.58 months - more sluggish than 5 months flat two weeks ago.

San Clemente’s market time slowed to 3.51 months, gaining more time from the expected time of 3.35 months two weeks ago.

The city with the most snail-like market time is Corona Del Mar with 10.71 months.

The city with the speediest market time is Ladera Ranch with 1.08 months.

Thomas says the following about market time countywide:

“The expected market time for all of Orange County decreased in the past couple of weeks from 2.48 to 2.38 months. The expected market time last year was at 5.18 months and two years ago it was at 13.31 months. For homes priced below $1 million, the expected market time is 1.87 months. For homes priced above $1 million, the expected market time is 8.79 months.”

Read more…

Post from: South Coast Homes

Top 10 hottest south coast homes

KELLI HART, THE ORANGE COUNTY REGISTER — Tue, 17 Nov 2009 12:00:26 +0000

The folks from Realtor.com pulled together a list of the top 10 most searched homes for sale on their Web site in our south coast cities.

These hot homes are tracked within 20% of the median list price for Dana Point, Laguna Beach and San Clemente combined, which is $1,295,000.

The last time we tracked the most popular south coast homes for the week, Laguna Beach had the most listings overall but San Clemente dominated the top of the list.

This time, Laguna Beach dominates the top of the list and San Clemente has the most popular listings overall.

CLICK on address links for photos and additional information.

City	Address	Price
LB	1914 Upper Rim Rock	$1,050,000
LB	1129 Summit	$1,350,000
SC	1642 Vista Luna	$1,048,000
SC	2909 Canto De Los Ciervos	$1,149,000
SC	17 Calle Sonador	$1,200,000
SC	4114 Costero Risco	$1,275,000
LB	1040 La Mirada	$1,385,000
SC	2046 Costero Hermoso	$1,049,000
DP	2 Regina	$1,099,000
SC	1 Calle Careyes	$1,250,000

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Post from: South Coast Homes