Monthly Archives: March 2015

Mar 29
Ladera Ranch 7 Day Real Estate Activity Report: New Listings 03/22 – 03/28/2015

Newly Listed For Sale
Neighborhood
Property Type
Address
Price
Beds
Baths
Sqft

Mar 29
Ladera Ranch 7 Day Real Estate Activity Report: Sold Listings 03/22 – 03/28/2015

Mar 22
Ladera Ranch 7 Day Real Estate Activity Report: New Listings 03/15 – 03/21/2015

Mar 22
Ladera Ranch 7 Day Real Estate Activity Report: Sold Listings 03/15 – 03/21/2015

Mar 15
Ladera Ranch 7 Day Real Estate Activity Report: New Listings 03/08 – 03/14/2015

Newly Listed For Sale
Neighborhood
Property Type
Address
Price
Beds
Baths
Sqft

Mar 15
Ladera Ranch 7 Day Real Estate Activity Report: Sold Listings 03/08 – 03/14/2015

Mar 11
Inventory Drops and Home Prices Continue to Increase

In December, the total housing inventory dropped 11.1 percent. Nationally there were 1.85 million existing homes on the market, which is a 4.4 month supply at the current sales pace; in November, there was a 5.1 month supply. With the strengthening economy and sub-4 percent interest rates, the demand for homes from buyers should be increasing, but a tight supply of homes available for sale could cool that demand.

Supply shortage causes home prices to increase. And according to the National Association of Realtors’ economists, home prices and rents are outpacing wages, making it difficult for buyers to save for a down payment. The national median existing-home price reached $208,500 in 2014, the highest it’s been since 2007, and a 5.8 percent increase from 2013. What’s more, every region of the country saw home prices increase. In the Northeast, prices rose by 3.2 percent from a year earlier, while the Midwest reported a climb of 5.3 percent. Prices in the South increased 6.6 percent from December 2013, while in the West, prices were up 5.6 percent.

Home Sale Numbers
In December national home sales closed out the year with 5.04 million sales, a 3.5 percent increase from December 2013. December was also the third month in a row where sales climbed above year-over-year levels. However, sales for all of 2014 were still 3.1 percent below 2013. Existing-home sales were up in the West in December; sales climbed 9.8 percent month-over-month and 2.8 percent year-over-year. The South also saw gains in their real estate market, with sales climbing 3.8 percent from November to December and 7.4 percent from a year earlier. Existing-home sales fell in the Northeast by 2.9 percent, but the news wasn’t all bad as sales are still 3.1 percent higher than a year ago. In the Midwest, sales declined both month-over-month and year-over-year, falling 3.5 percent and 2.7 percent, respectively.

First-time Buyers Decline
The number of first-time buyers making purchases last year fell to the lowest level in almost three decades, according to a NAR survey. For all of 2014, first-time buyers accounted for 29 percent of the market, tying their percentage for 2013. In December, first-time buyers represented 29 percent of all buyers, down from 31 percent in November but up from 27 percent in December 2013. Economists with NAR are optimistic that first-time buyers will be better represented in the market in the coming year. The Federal Housing Administration recently reduced annual mortgage insurance premiums, which will make buying a home more affordable for new homebuyers.

 

Source: Alliance West Mortgage, INC

Mar 8
Ladera Ranch 7 Day Real Estate Activity Report: New Listings 03/01 – 03/07/2015

Newly Listed For Sale
Neighborhood
Property Type
Address
Price
Beds
Baths
Sqft

Mar 8
Ladera Ranch 7 Day Real Estate Activity Report: Sold Listings 03/01 – 03/07/2015

Mar 7
New Lyon Homes Collection at Covenant Hills

Covenant Hills Artisan Home Collection

Have you visited Covenant Hills lately? Then you sure have experienced the many lots that are currently in development.

Lyon Homes is introducing 14 uniquely distinctive luxury homes to Covenant Hills. As part of its Artisan Collection, these homes will feature luxurious, modern living in one of the most sought-after locations in Southern California: Covenant Hills.

This summer, 3 of the total 14 homes before development or under construction will be opened for showing. Lyon Homes is promising breathtaking design elements, spectacular floorplans and highly refined design throughout the in- and outside of the properties.

The team of renowned architects and designers at work are creating a living platform “for those who share an appreciation for remarkable beauty, purity of form and rich materials.”

For more information and purchasing opportunities, please contact us at 949.444.9694.

Covenant Hills Artisan Collection Siteplan