Category Archives: Covenant Hills Real Estate

Feb 1
2017 Ladera Ranch Real Estate Stats and 2018 Forecast

2017 is in the books and we are now in full swing for 2018. It has been a good year for Ladera Ranch real estate, especially for sellers. Properties have sold faster at a higher price, a trend expected to continue well into 2018 and beyond.

Ladera Ranch Real Estate Statistics 2017
While we are very optimistic about 2018 with its current still historically low interest rates and low housing inventory, it is seasoned with a hint of uncertainty due to the noisy political climate, new tax regulations affecting the mortgage industry, and expected rises in mortgage rates.

We at the Britschgi Real Estate team forecast a slow and steady gain for 2018. An increasingly strong job market, millennial first-time buyers entering the market and the expected reform of Freddie Mac and Fannie Mae will offset the negatives and further fuel gains for sellers.

To a successful 2018,

Urs Britschgi
Britschgi Real Estate Team.

Nov 17
Sold in 26 days at record price*

This is the performance of a high quality real estate team: To get top price for a listing while under time pressure to sell in order for the seller to close on their dream home.

We did it! You can always trust the Britschgi Real Estate Team to get top dollar for your property.

*highest price for floorplan in neighborhood

Sep 25
For Sale – 23 Montgomery – $799,000

 

This charming and highly upgraded home is nestled in the desirable neighborhood of Pacific Hills, one of Mission Viejo’s finest communities.

Enter through the front lawn and you will be welcomed by a charming foyer of this split-level home.

Going upstairs, you will find a generous formal living and dining area with big windows and an inviting fireplace. The open floorplan is complemented by a kitchen with new cabinets and stainless steel appliances, a delight for everyone with a culinary passion for preparing something special.

Sip on a coffee at the breakfast bar, enjoy a family meal in the dining area, or bbq and hang out with your friends and family on the patio to enjoy the beautiful Californian evenings.

Step away from the community rooms into the spacious, bright master retreat featuring a walk-in-closet, a generous master bathroom with its own soaking tub, and wood cabinets.

Downstairs, 3 additional bedrooms, a laundry niche and the 3-car garage are connected by a central family room, a great place to spend quality time away from pda’s and laptops. Anybody interested in playing a board game?

The private garden in the back is a great place for outdoor activities. Run around with your dogs, play games with your kids, soak in the jacuzzi, or just lay in the sun and enjoy your favorite drink. Be careful though, you may get splashed by the kids playing in the pool.

Solar panels make sure your electricity bill is at an absolute minimum.

Mar 31
How the housing bust changed buyer behavior

Before the housing bust, many buyers were driven by the fear of being out-priced by increasing property prices. For 80 years, with a few minor downturns in between, real estate prices have constantly risen.

“Buy now or be priced out forever” has been a real problem in California real estate for the better part of 40 years. It has been a rational fear because waiting often meant buying less or not buying at all. A strong economy and job growth often outpaces construction, pushing real estate prices higher and higher.

The housing bust changed all that. People now understand the house prices could go down, substituting down in quality just to own is not a wise decision, and priced out can quickly turn to priced in. The urgency is gone, people buy when it is right for their family. Sellers have to be aware and make sure they are pricing accordingly to generate interest from wary buyers.

Dec 15
National Home Sales Increase, Housing Inventory Dips

BlogStats

Now is a good time to buy a home or list your home for sale. The national housing market trends show an increase in home sales and a decrease in home inventory. National existing-home sales increased in September to the second-highest pace since February 2007. Interest rates are holding steady near 4 percent, and job growth—while modest in comparison with the first half of the year—is still strong. Rent prices have climbed to an eight-year high, making it less affordable to rent and more affordable to own a home.

National Home Sales Increase
Total existing-home sales reached 5.5 million in September, a 4.7 percent increase from August and an 8.8 percent rise above a year ago. What’s more, for the past 12 months, year over year existing-home sales have increased, according to NAR. Gains were recorded in every region of the country. In the Midwest, existing-home sales climbed 2.3 percent in September; sales are 12 percent higher than September 2014. Sales in the South rose 3.8 percent month over month and 5.7 percent year over year. The largest sales gains in September were seen in the Northeast, with an increase of 8.6 percent, and the West, with an increase of 6.7 percent. Year over year, sales rose in the Northeast and West 11.8 percent and 9.5 percent, respectively.

National Inventory Dips
By the end of September, there was a total of 2.21 million existing homes on the market, a decrease of 2.6 percent. This is 3.1 percent lower than a year ago. At the current sales pace, this level of inventory represents a 4.8-month supply—a drop from August’s 5.1-month supply. Persistent inventory shortages have plagued the housing market all year, yet the market has still posted gains. This is thanks in large part to sellers taking advantage of rising home prices to release equity in their current home and either sell up or downsize. First-time buyers, however, are still struggling to find a way into the housing market. First-time buyers represented only 29 percent of the market in September; this is down from August’s yearly high of 32 percent and unchanged from September 2014’s.

Source: Alliance West Mortgage, INC