Eastbluff Homes at Newport Beach Real Estate Market Update

Eastbluff at Newport Beach

Eastbluff Park and walking paths

Eastbluff Park and walking paths

 

 

Eastbluff at Newport Beach is a residential community located on the East side of the Upper Newport Back Bay and west of Jamboree Road.  Eastbluff has both single family detached homes and also the popular “Bluffs” homes – most of which are attached.

 

Easbluff with Back Bay views

Upper Back Bay views from Eastbluff homes

39 Eastbluff homes sold during second half of this year – from July 1 to December 18, 2015.

29 of those were condominium or attached single family homes – which had average sold price of $972,836.

$1,375,000 was highest sold price of a Bluffs home at 2129 Vista Entrada.

10 of those sold homes were detached single family homes – with average sold price of $1,861,000.

$3,775,000 was highest sold price of an Eastbluff Newport Beach detached home at 900 Cercis Place.

Eastbluff at Newport Beach is a very popular location for residential living and investment – Live at Newport Beach

See Bluffs homes at Newport Beach homes for sale

See Eastbluff single family detached homes for sale

Newport Beach CA is a destination for home buyers and travelers who are romanced by opportunities at Newport Harbor, Balboa Island, the canal, Newport Center, Fashion Island, Lido Island, Balboa Peninsula, the Bluffs, Upper Back Bay, Newport Heights, and beaches with amazingly beautiful surf and sand.

Balboa Island – homes now for sale

Lido Island – homes now for sale

Newport Heights homes for sale

Newport Beach homes for sale

By Harrison K. Long.  Professional REALTOR® agent and broker representation – with help for property owners, investors, home sellers, trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.  

CONTACT US here

Contact us at 949-854-7747 about Newport Beach CA homes and prices.

“Eastbluff Homes at Newport Beach Selling Market Update – December 28, 2015”

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7 Top Reasons to Buy a Home Now

Orange County CA people who are renting or leasing homes are also often considering to buy.

7 Top Reasons to buy now

Here are “7 top reasons to buy a home now”.

 

house in hand

First:  High Rents.  Rents are high and will go higher each year.  Unlike rent, your fixed rate mortgage payments won’t go up over time.  Your property taxes and insurance payments will increase.  However, in California we have Proposition 13, which limits the rates at which property taxes can be increased.  If you are careful to find a good home insurance policy, that might help you with good rates.

Second:  Low interest rates.  Mortgage interest rates are at historic lows now.  But the Federal Reserve is expected to increase these rates before the end of the year.  As rates go up from 4.125 percent (where they are today) to 4.3 percent and beyond, monthly payments on new mortgages will go up and purchasing power will decline.  Buying now, while you can lock in today’s low rates, can save you lots of money over the lifetime of the loan.

Third:  Equity ownership.  Rent payments are money spent and gone, but mortgage payments are investments.  With each house payment you build equity in your home.  As the interest portion of the payment declines, the principal part of the payment increases and your equity ownership goes up with that.

Fourth:  Favorable return on investment.  During temporary housing market ups and downs, real estate has experienced long-term, stable growth in value.  The average appreciation rate for median-priced homes in the Golden State has been around four percent each year for the past 15 years.  So you can invest and pay 4 percent annually and puts a roof over your head at the same time.

Fifth:  Flexibility.  The home you buy is yours.  You can decorate it to suit your tastes and remodel it for your When you decide to upsize or downsize, you can sell your home and use the proceeds as a down payment on a new replacement home.

Sixth:  Wealth accumulation.  An article in the New York Times stated that home ownership is the best way for people who have not inherited wealth to build it and that building equity in a home can be a ready-made savings plan.  And when you sell your home in California, up to $250,000 (and up to $500k if married and filing jointly) in capital gains may be excluded from federal income tax liability.

Seventh:  Long-term stability.  Home ownership has a significant positive impact on net worth, educational attainment, civic participation, and quality of life.  Buying, owning, and staying put allows you and your family make things solid for your lives, establish lasting friendships, and help realize the American Dream of home ownership.

By Christi Anthony Long.  Source of information is an article by Sherri Butterfield at the Orange County CA Association of REALTORs®. 

“7 Top Reasons to Buy a Home Now”

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Irvine CA Home Selling Giant at Orange County – Market Update

Irvine CA Home Selling Market Update – September 13, 2015

Turtle Rock Crest Irvine

Irvine is the giant at Orange County CA for home sales – while the city continues to grow with expanding population and businesses.

Irvine has some of the best and most sought after schools anywhere.

Irvine is the America’s safest city of its size (according to the FBI).

Irvine is one of the top cities in the CA and the USA for jobs and employment – with about  200,000 jobs – as compared with population (about 250,000 people).  So Irvine has more jobs than residents who are over the age of 18.

University High School Irvine

Homeowners and buyers at Irvine continue to have confidence in property values, and home selling numbers and prices reflect that.

356 – Irvine homes sold for the month ending September 12, 2015.  That’s more homes sold during any one month this year as compared with all Orange County cities.

$877,791 – average sold price of Irvine homes during the past 30 days (for time ending September 12, 2015, according to CRMLS).

655 – number of Irvine homes now listed for sale on CRMLS multiple listing service.  (This number of homes for sale is down slightly from last month, which is normal for end of summer cycle).

$1,202,000 – average list asking price of Irvine homes now listed for sale.

70 days – that time it would in theory take to sell all Irvine homes at current pace of sale.

See all Irvine homes for sale – click here

Portola Springs Irvine homes for sale – click here

Westpark Irvine homes for sale – click here

Woodbridge Village Irvine homes for sale – click here

Turtle Rock Village Irvine homes for sale – click here

Northwood Village Irvine homes for sale – click here

University Park homes for sale – click here

 

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By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.  We provide the best professional real estate and REALTOR® representation for sellers and buyers at Irvine and Orange County CA – with focus for clients to have outstanding customer service experiences.  CALBRE #01410855.  Contact us by at 949-701-2515 by cell or text.

Posted in Home selling, Home selling guide, Irvine, Irvine CA, Irvine CA real estate guide, Irvine home selling, Irvine homes, Irvine Live, Irvine market update, Irvine real estate, Listing and selling, Live at Irvine, Market update | Tagged , , , , , , , , , , , , , , | Leave a comment

East Costa Mesa CA Home Selling Market With Solid Buying Activity

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It’s now a market that favors home sellers at East Costa Mesa CA.

Home Selling Market Update for Labor Day 2015 shows solid buyer activity.

East Costa Mesa presents real opportunity for home buyers and is one of the most popular areas for residential living and investment at Orange County CA. 

 

23 East Costa Mesa homes sold with closed deals last month – August 2015 – and average sold price for those homes was $917,637.

37 East Costa Mesa are now listed for sale with the CRMLS multiple listing service – with average list price now at $1,166,000.

27 East Costa Mesa homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and these have average asking prices at $982,000.

This large number of homes now under purchase contracts shows that home buyers have been very active at East Costa Mesa during the past 30 days.

Average time on market from listing to sale of homes at East Costa Mesa is now less than 2 months (the time it would theoretically take to sell all homes on the market at current pace of sales) – so East Costa Mesa is market that favors sellers.

People seek out East Costa Mesa, because of its fantastic weather, lots of sunshine, friendly and safe neighborhoods, award-winning schools, and location near Newport Beach Upper Back Bay and Newport Harbor.

Find out for free what your home is worth

 

 

See East Costa Mesa CA homes now listed for sale – click here

See Costa Mesa single level homes now listed for sale – click here

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.  We provide professional REALTOR® and broker representation for home and property owners, buyers and investors – for their best decisions about real estate.  Contact us to find out more about East Costa Mesa homes and real estate.

“East Costa Mesa CA Home Selling Market With Solid Buying Activity”

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Irvine CA Home Selling Remains Hot

Irvine CA homes and real estate market update

Irvine CA continues to lead the pack at Orange County CA for home sales.  Irvine is a robust city with jobs, a healthy economy, and receives annual awards for being one of the safest cities in America.

Turtle Rock Irvine homes

Irvine has about 230,000 residents – and 80,000 homes and private residential properties.

Irvine is one of the most sought-after areas for residential living and investment in Southern California.

Home owners and sellers get lots of attention and have high expectations and confidence in Irvine property values.

690 Irvine homes are now listed for sale with the CRMLS multiple listing service (which is more than a 30 percent increase from six months ago).  Average listing price at Irvine is now at $1,163,000.

303 Irvine CA homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and these have average asking prices at $859,000.

274 Irvine homes have sold with closed deals during the past 30 days (from July 24 to August 24) – and average sold price for these homes was $854,000.

According to a recent Orange County Register article, 371 Irvine homes sold during July 2015 (including resale homes, new homes and trustee sale auctions).  

Average time on market from listing to sale of homes at Irvine is now less than 3 months (that time it would theoretically take to sell all Irvine homes on the market at current pace of sales) – so it’s still a seller’s market.

People seek out Irvine, because of its award-winning schools, excellent geography, biking and hiking trails, good jobs available, and that it has some of best weather anywhere.

See Irvine CA homes now listed for sale – click here

See Irvine single level homes now listed for sale – click here 

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By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents. We provide professional REALTOR® and broker representation and help for property owners, buyers and investors – for their best decisions about homes and real estate. Contact us to find out more about Irvine homes and real estate.

“Irvine CA Home Selling Market Update – August 24, 2015”

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Freddie Mac Forecasts Mortgage Rates Will Slowly Rise Over Next Year

 

Mortgage Loan Rates On the Move Up

Freddie Mac (Federal Home Loan Mortgage Corporation) forecasted in July 2015 that interest rates would slowly rise over the next year, topping out at 5%.

As those rates rise, so do monthly house payments.

Freddie Mac's July 2015 interest rate outlook, 8-16-2015

Look at more detail on the numbers.

Moving from 4.125% (where mortgage rates are today) to 4.3%, their end of 2015 prediction, may seem like an insignificant change in the monthly payment, but it might be just the beginning.

For a detached median priced home at Orange County CA, it’s only a $672 increase each year; and for the median priced condominium, it’s only a $396 increase.

Remember that interest and mortgage rates will slowly rise.  As they do, before you know it, everybody will be talking about 5% interest rates as the new normal.  At 5%, the detached median sales price of an Orange County home now has a monthly payment that is $284 more than today’s payment.  That is a difference of $3,408 each and every year.

Locking in a mortgage rate today is like getting a free vacation every year for 30 years.

At 5%, the median sales price condominium has a monthly payment that is $170 more than today’s payment. That’s an extra $2,040, still a pretty considerable chunk of change.

By Harrison K. Long, Real estate broker, professional real estate representative, and Realtor, Orange County CA – CALBRE 01410855.  Source of some information for this article is Steven Thomas and his ReportsOnHousing.com.

Posted in Mortgage and home loans, Orange Count home buying, Orange County home selling, Orange County home values, Orange County real estate | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Orange County CA Home Selling Prices At Top Since 2007

IMAG0223 (Large)_optOrange County CA median selling prices were up to $629,500 for June 2015, which is the post-recession high.

Buyer confidence, rising employment, rising rents, tight supply of homes, low mortgage rates, improved economy and low unemployment, helped jack up sales and prices to highest point since 2007.

Orange county home selling prices

OC home prices, 7-17-2015
3,831 houses and condos were sold during June 2015 – the most for any month since June 2006.

Median selling price – the price at the midpoint of all sales – hit $629,500 during June 2015, which is just 2.4 percent below the record price of $645,000 during June 2007.

Buyers seemed to jump at the chance to lock in especially low rates during April and May, and those sales closed during June.

The OC economy has seriously improved with construction, wholesale, manufacturing, technology, education and government sectors having job growth and high wages.

However, it’s still very challenging for buyers.  Inventory of homes for sale averaged 11 percent below 2014 levels, nearly 800 homes, from April through early June 2015.

Sales of existing houses and condos were up 18.7 percent in Orange County during June 2015.  But it was continued declining of new home sales, with homebuilder transactions down 5.1 percent year over year.

Prices were up in 63 of 83 Orange County ZIP codes, the biggest gains occurring in Newport Coast. Sales were up in 58 ZIP codes.

The hot-selling new home community of Baker Ranch propelled Lake Forest to No. 2 in sales gains. Transactions in that city were up 57 percent to 116 deals in June.

By Harrison K. Long, CA real estate broker, professional real estate representative, Realtor at Orange County CA – CAL BRE 01410855.  Source of some information is CRMLS multiple listing service and OCRegister.com.  Contact us for more information or call us at 949-701-2515.  Thanks.

“Orange County Home Selling Prices At Top Since 2007″

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Irvine’s Housing Markets Still Rock at Orange County

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Turtle Rock Highlands

Irvine CA is the giant at Orange County for home sales.

Irvine now has population of about 240,000 people – is an America’s safest city, has some of the best schools anywhere, and is tops in job opportunities.

Irvine homeowners and buyers continue with confidence in values, and home selling numbers and prices reflect that.

Irvine CA housing market update

Irvine buyers have purchased 951 homes so far this year (average of 191 sold per month) – with average sold price of $818,070 – and 72 days was average market time for those sold homes.

Irvine now has 581 homes listed active for sale on the multiple listing service – with $1,240,000 average asking price at this time.  Average market time is now 52 days (that time it would in theory to sell all Irvine homes at current pace of sale)

212 Irvine homes are now for sale on the market at more than $1 million asking price – and those have average market time of 60 days.

Woodbridge Village Irvine homes for sale

Turtle Rock Village Irvine homes for sale

Northwood Village Irvine homes for sale

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By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.

We provide the best professional REALTOR® and broker representation for sellers and buyers at Irvine and Orange County CA to have outstanding customer service experiences.

Please contact us about Irvine home selling and with your questions about “Irvine CA Home Selling Market Update”.

Posted in Irvine, Irvine CA, Irvine CA real estate guide, Irvine home selling, Irvine homes, Irvine Live, Irvine market update, Irvine real estate | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Open House – 18 PARLIAMENT PLACE, LADERA RANCH CA – SUNDAY AFTERNOON, APRIL 19, 2015

Open House at 18 Parliament Place, Ladera Ranch CA – Sunday afternoon, April 19, 2015 – showing a best Tattershall home opportunity in one of the most sought-after neighbhorhoods.

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Spectacular home opportunity at fabulous location on one of the most sought-after cul-de-sac streets in Tattershall, Ladera Ranch.

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Wonderful open-concept floor plan with expansive great room kitchen/living area, fireplace and dramatic volume ceilings.
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4 bedrooms including downstairs master bedroom suite and guest bedroom/study, plus huge bonus room.

 

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Spacious kitchen designed with large center island, double ovens and white cabinetry – the perfect space for being together and entertaining friends.

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Great room has lots of windows and opens to back yard.

 

 
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Romantic master bedroom with volume ceilings and two walk-in closets.

Ensuite master bath includes dual vanities, shower and soaking tub.

 

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Second level of home presents 2 generous size bedrooms, both with walk-in closets, and bonus room for work and play.

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Private back yard with built-in grill, bar seating and gas fire pit.

 

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2nd bedroom or study on first level of home.

 

 

 

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3rd bedroom on second level of home

 

 

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Exterior entryway toward front door

 

 

 

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Loft area bonus room located on 2nd level near stairway

 

 

 

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Great room toward stairway to 2nd level

 

 

 
06 copyjpg_17048760246_lGreat room dining area

 

 

 

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Fire pit at back yard patio

 

 

 

 

 

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Home’s additional features include dual-paned windows, recessed lighting and extensive storage space.

 
Friendly neighborhood close to Flintridge community clubhouse, heated pool, spa, tennis court and playground.

Ladera lap swimming pool

Award winning Ladera Ranch schools. Community amenities include 18 community parks, private dog park, water park and skate park.

 

 

Flintridge sign-b-18 Parliament Place at Flintridge Village is presented for sale at $819,000 – MLS #15073225

 

 

 

 

 

 

Presented by Harrison and Christi Long – Realtors and professional real estate representatives – Evergreen Realty HomeSmart at Orange County CA – 949-854-7747 (direct) or 949-701-2515 (cell or text).  –  CAL BRE 01410855.

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Home Energy Audit Has Benefits for Orange County Owners

green house electricity

Benefits of Your Home Energy Audit

Before you improve your home for possible energy savings, get a legitimate home energy audit by a qualified professional who will tell you how your home is performing based on current building codes and science.

You won’t need an auditor to tell you to turn off the lights, lower the thermostat, and put on a sweater in the winter to save on your energy bill.

Energy auditors will measure the level of a homes’ performance and provide that to you as owners.  This will help you make good decisions about how to spend money to improve your home performance, save energy and lower utility costs.

Auditors can also help you learn to make your home more comfortable and improve indoor air quality.

Two types of certified professionals conduct reliable energy audits:

  1. Home Energy Rating System (HERS) Rater – certified by the CA Energy Commission – provide audits for negotiated fee but will not likely be persons doing any retrofit or improvement because most are not licensed contracts.

HERS auditors will provide information about home performance from an energy efficiency standpoint, detail energy consumption, offer improvement advice, provide energy score that tell you how your home compares with a new home built to comply with current CA energy efficiency standards.

  1. Building Performance Institute (BPI) Contractors are perhaps the most respected in the U.S.  These people are auditors and licensed contractors and outline cost-effective scope of work that will help you achieve your home performance or energy efficiency goals.  They will also do the contract work if you choose.

BPI contractors will provide your energy audit report and also point out other areas of possible concern, such as moisture-related issues, indoor air quality, and comfort.

BPI contractors are participating in the CA Energy Upgrade program and can give you information about rebate and financing programs.  They will present you with a scope of work proposal (a contractor bid) for cost of your proposed repairs.

You won’t need an auditor to tell you that common improvements such as insulation, sealing to make your home less leaky, and energy efficient windows will usually reduce your energy bills and increase comfort.

However, the certified auditor can go further and advise you about how to achieve your best goals for energy and money savings.

Auditors should be qualified to advise you about project funding and rebates available through government or utility and financing programs, such as Energy Efficient Mortgages (EEMs) or new CA Energy Upgrade program.

If you get your energy audit at the start of planning, that will help you make best decisions about possible use of solar panels, programs and saving of money.

A home’s comfort, air quality, energy efficiency, and performance work as a system, and sometimes one component is affected by another.

Check out web sites for information, such as Build it Green, CalCerts, California Air Resources Board, CA Energy commission, and others.

You can achieve best results and goals by working with either an HERS energy auditor, or a BPI contractor, to work within your budget for home improvements.

The Orange County Association of REALTORs® did a great job of putting together its March 2015 magazine – “THE GREEN ISSUE” – on theme of “HOW TO SAVE ENERGY, WATER & MONEY”.

By Harrison K. Long – Source of information is OC REALTOR® magazine article “Before You Improve, Have a Home Energy Audit”, March 2015.  Graphic is by iStockphoto.com – “Benefits of Your Home Energy Audit”

Posted in Energy savings, Orange Count home buying, Orange County home selling, Orange County real estate | Tagged , , , , , , , , , , , | Leave a comment