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September 2010 Orange County Stats

by Ashlie DuCros
September 2010 Orange County Stats: # Of Homes For Sale vs. Homes In Escrow
             
City For Sale In Escrow        
Yorba Linda 391 164        
Brea 118 70        
Fullerton 446 257        
Anaheim Hills 220 105        
Newport Coast 155 40        
Orange 484 224        
Irvine 881 382        
Laguna Beach 406 66        
             
For questions please contact me at (714) 743-9778      

July Numbers Are In! Did They Differ From Previous Month?

by Ashlie DuCros

July numbers are in! Did they differ from previous month? Click on this link for full article for July numbers...

http://www.realtor.org/rmodaily.nsf/pages/News2010082401?OpenDocument

Source: NAR

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custom home in Fullerton completed in 2010!

by Ashlie DuCros

This gorgeous home features 4 bedrooms and 3 bathrooms with full of upgrades. You will first notice the beautiful travertine flooring in the entry way as it opens up to warm formal living area w/ beautiful espresso hard wood flooring & cozy fireplace. First level has one bedroom with the kitchen with stainless steel appliances, Marinace granite, and dark cabinets. Step oustide to the deck from your family area. Enjoy the serene forest like surroundings in the backyard. Upstairs, the master suite has hard wood flooring with huge master bath, Jacuzzi tub, vanity area, his/her sinks, and walk in closet, also opens up to nice deck to the backyard. This is where the New and the Old Fullerton meets with lot size of 12,000! Must see to appreciate all this home has to offer! Be the first owner of this brand new home! 

Click the link below to view photos of this home.

http://www.realestateshows.com/show.php?mls=basic&id=487008

Brand New Custom Home!

by Ashlie DuCros
 

Click the link for photos...

http://www.realestateshows.com/show.php?mls=basic&id=487008

Contact me for more information on this beautiful home.

NAR: Home Prices Are Firming

by Ashlie DuCros

The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of REALTORS®.

In the second quarter, 100 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices in comparison with the second quarter of 2009, including 14 with double-digit increases; two were unchanged and 53 metros showed price declines. In the first quarter of this year 91 areas had higher prices, while only 26 MSAs experienced annual price gains in second quarter of 2009.

The national median existing single-family price was $176,900 in the second quarter, up 1.5 percent from $174,200 in the same period of 2009. The median is where half sold for more and half sold for less. Distressed homes accounted for 32 percent of second quarter sales, down from 36 percent a year ago.

Lawrence Yun, NAR chief economist, says the correction in home prices appears to have ended in 2009. “All year we’ve been seeing relatively flat national home prices, which appear to be supported by market fundamentals,” he said. “Prices in some areas remain below replacement construction costs, so even with an elevated supply of existing homes on the market we don’t expect any consequential movement in home prices for the foreseeable future. Very low inventory of newly built homes also will help to support home values.”

Yun urged caution on interpreting price data. “The median price is influenced by the mix of homes that were sold and do not reflect pure appreciation or depreciation,” he says. “The recorded home prices in many markets were significantly depressed last year because of a large percentage of distressed homes sold at discount. Now as more normal, non-distressed home sales are occurring, the median price in many areas is showing higher values.”

Total state existing-home sales, including single-family and condo, rose 9.1 percent to a seasonally adjusted annual rate of 5.61 million in the second quarter from 5.14 million in the first quarter, and were 17.3 percent above the 4.78 million-unit pace in the second quarter of 2009.

Sales increased from the first quarter in 44 states and the District of Columbia; 47 states and D.C. had increases over year-ago sales levels.

NAR President Vicki Cox Golder says record low mortgage interest rates will help cushion a summer slowdown. “As expected, sales are slowing down now that the home buyer tax credit has expired, but record-low mortgage interest rates, along with stable and affordable home prices in most areas, provide opportunities for buyers who weren’t able to take advantage of the credit,” she said.

According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage was a record low 4.91 percent in the second quarter, down from 5.00 percent in the first quarter; it was 5.03 percent in the second quarter of 2009.

“Job creation will give home buyers more confidence, but the market over the next few months is likely to be below what we would expect for the size of our growing population,” Golder says. “With improving bank balance sheets, credit restrictions should gradually improve ."

In the condo sector, metro area condominium and cooperative prices – covering changes in 55 metro areas – showed the national median existing-condo price was relatively flat at $175,700 in the second quarter, down 0.5 percent from the second quarter of 2009. Twenty-six metros showed increases in the median condo price from a year ago and 29 areas had declines; the first quarter of 2010 showed 24 metros up, while only four metros saw annual price gains in second quarter of 2009.

  • Northeast: Regionally, the median existing single-family home price in the Northeast declined 3.2 percent to $238,000 in the second quarter from a year earlier. Existing-home sales in the Northeast jumped 14.9 percent in the second quarter to a level of 980,000 and are 23.6 percent above the second quarter of 2009.
  • Midwest: In the Midwest, the median existing single-family home price increased 1.4 percent to $148,500 in the second quarter from the second quarter of last year. Existing-home sales in the Midwest rose 14.5 percent in the second quarter to a pace of 1.30 million and are 20.9 percent above the same period in 2009.
  • South: In the South, the median existing single-family home price slipped 2.0 percent to $155,500 in the second quarter from the second quarter of 2009. Existing-home sales in the South increased 10.9 percent in the second quarter to an annual rate of 2.10 million and are 18.8 percent above a year ago.
  • West: The median existing single-family home price in the West rose 2.6 percent to $219,700 in the second quarter from a year ago. Existing-home sales in the West fell 2.6 percent in the second quarter to an annual rate of 1.23 million but are 7.6 percent higher than the second quarter of 2009.


NAR

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CAPITAL GAIN TAX TO INCREASE?

by Ashlie DuCros

Click the link below to view this article...

Capital Gain Taxes Increasing 58%; Latest Audit and Tax Info

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Brand new custom home in Fullerton

by Ashlie DuCros

 

Click the link below for photos of this home...

http://www.realestateshows.com/show.php?mls=basic&id=487008

 

August 2010 Orange County Stats

by Ashlie DuCros
August 2010 Orange County Stats: # Of Homes For Sale vs. Homes In Escrow
           
City For Sale In Escrow      
Yorba Linda 389 165      
Brea 124 79      
Fullerton 439 263      
Anaheim Hills 200 114      
Newport Coast 154 46      
Orange 474 216      
Irvine 823 412      
Laguna Beach 397 64      
           
For questions please contact me at (714) 743-9778    

Video Newsletter! See and hear the market conditions!

by Ashlie DuCros

Click on the link below to see video newsletter....Let me know what you think!

 

http://realtytimes.com/reuv/AshlieDuCros

 

 

For more information, please contact Ashlie DuCros @ 714-743-9778. 

Custom Mediterranean Estate

by Ashlie DuCros

 

Click the link below for photos of this home...

http://www.realestateshows.com/show.php?mls=basic&id=469608

Contact my office for more information

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Ashlie DuCros & Associates
Coldwell Banker Previews Global Luxury
21580 Yorba Linda Blvd.
Yorba Linda CA 92887
714-743-9778
Fax: 714-849-5489