A Normal Fullerton Real Estate Market 2014

Home Living Report – Fullerton, CA Real Estate News by Diego Loya

The Fullerton Real Estate market in 2013 had some big gains. Homes increased to it’s highest levels since 2007. The same trend will continue into 2014. As long as the hunger from buyers to buy up homes stays strong, home sellers will reap the benefits of a strong market and growing real estate prices.

The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That’s not a bad thing, since the market is returning to a stable, healthy state. Potential trends to watch for in 2014 include increased seller activity, more new construction and fewer foreclosures on the market. Inventory is another metric to watch this year.

  • New Listings were down 7.4 percent for single family homes and up a huge 94.4 percent for condos and townhome properties.
  • Pending Sales decreased 33.7 percent for single family homes but up a big 105.9 percent for townhouse-condo properties.
  • The Median Sales Price was up 13.5 percent to $612,990 for single family homes and 33.9 percent to $370,000 for condos and townhome properties.
  • Months Supply of  Inventory was flat, 0.0 percent for single-family homes and townhouse-condo units.

Given how far the market has come, it’s a good time for folks to reassess their situation. Many who were hesitant to sell in recent years may find themselves in a completely different position. Getting a fresh competitive market analysis might be a good idea. Interest rates remain attractive and should remain below their long-term average, but they are expected to creep higher in 2014. Politicians are gearing up for midterm elections, so pay close attention to campaign messaging as relates to real estate or mortgage financing. Job growth is still fundamental and is likely to dominate this election cycle.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com . 

*Data from PWR and includes Orange County and some surrounding areas.

Current Fullerton Homes For Sale

(Contact us a specific type of property you are looking for)

 

Fullerton Housing Looks Promising

Fullerton Realtor Diego Loya

Home Living Report – Fullerton, CA Real Estate News by Diego Loya

The Fullerton Real Estate market in 2013 had some big gains. Homes increased to it’s highest levels since 2007. The same trend will continue into 2014. As long as the hunger from buyers to buy up homes stays strong, home sellers will reap the benefits of a strong market and growing real estate prices.

It’s tempting to confuse market normalization with a possible slowdown. But those equipped with high-quality MLS data know better. As mortgage delinquencies fade, banks are listing bargain-priced product less often. That
means investor activity – which accounts for a substantial market share – is moderating. That’s not to say that rates and prices aren’t still attractive to owner occupant buyers. They most certainly are. Some short-term volatility is expected as part of a normal market readjustment.

  • New Listings were down 13 percent for single family homes and 25 percent for condos and townhome properties.
  • Pending Sales decreased 16.9 percent for single family homes and up 31.8 percent for townhouse-condo properties.
  • The Median Sales Price was up 21.4 percent to $563,500 for single family homes and down 12.3 percent to $315,000 for condos and townhome properties.
  • Months Supply of  Inventory was a positive up 4.5 percent for single-family homes but down 22.2 percent for townhouse-condo units.

The economy has more or less shuffled along, despite some climate-induced surprises to job growth and new construction. There is no denying the fact that we’ve now seen 47 straight months of private job growth, creating 8.5 million new payrolls. There’s still work to be done. Thankfully, with such low inventory levels, many builders are bullish on new construction. The spring market is budding, and it should be an interesting one.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”]

*Data from PWR and includes Orange County and some surrounding areas.

Current Fullerton Homes For Sale

(Contact us a specific type of property you are looking for)

[idx-listings community=”Fullerton” statuses=”1″ propertytypes=”516″ orderby=”ImprovedSqFt” orderdir=”DESC” count=”12″ showlargerphotos=”true”]

Where is Orange County Housing Headed

Home Living Report – Orange County, CA Real Estate News by Diego Loya

Orange_CountyThe Fullerton Real Estate market in 2013 had some big gains. Homes increased to it’s highest levels since 2007. The same trend will continue into 2014. As long as the hunger from buyers to buy up homes stays strong, home sellers will reap the benefits of a strong market and growing real estate prices. It’s tempting to confuse market normalization with a possible slowdown. But those equipped with high-quality MLS data know better. As mortgage delinquencies fade, banks are listing bargain-priced product less often. That means investor activity – which accounts for a substantial market share – is moderating. That’s not to say that rates and prices aren’t still attractive to owner occupant buyers. They most certainly are. Some short-term volatility is expected as part of a normal market readjustment.

  • New Listings were down 0.9 percent for single family homes and up 7.3 percent for condos and townhome properties.
  • Pending Sales increased 1.1 percent for single family homes 4.3 percent for townhouse-condo properties.
  • The Median Sales Price was up 22.5 percent to $539,000 for single family homes and 22.1 percent to $348,000 for condos and townhome properties.
  • Months Supply of  Inventory was flat for single-family homes and up 22.2 percent for townhouse-condo units.

The economy has more or less shuffled along, despite some climate-induced surprises to job growth and new construction. There is no denying the fact that we’ve now seen 47 straight months of private job growth, creating 8.5 million new payrolls. There’s still work to be done. Thankfully, with such low inventory levels, many builders are bullish on new construction. The spring market is budding, and it should be an interesting one.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”] *Data from PWR and includes Orange County and some surrounding areas.

Current Orange County Homes For Sale

(Contact us a specific type of property you are looking for) [idx-listings county=”Orange” minprice=”400000″ maxprice=”600000″ minbeds=”3″ maxbeds=”6″ statuses=”1″ propertytypes=”516″ orderby=”Price” orderdir=”ASC” count=”12″ showlargerphotos=”true”]

Fullerton Real Estate Keeps Steady into 2014

Diego Loya Home Living Fullerton Real Estate Report 1-2014

Home Living Report – Fullerton, CA Real Estate News by Diego Loya

The Fullerton Real Estate market in 2013 had some big gains. Homes increased to it’s highest levels since 2007. The same trend will continue into 2014. As long as the hunger from buyers to buy up homes stays strong, home sellers will reap the benefits of a strong market and growing real estate prices.

In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and segment, but the proverbial glass appeared to be more than half full throughout the year.

  • New Listings were down 36.6 percent for single family homes and up 68.8 percent for condos and townhome properties.
  • Pending Sales decreased 27.5 percent for single family homes but up a big 82.4 percent for townhouse-condo properties.
  • The Median Sales Price was up 15.8 percent to $599,990 for single family homes and 19.5 percent to $299,900 for condos and townhome properties.
  • Months Supply of  Inventory decreased 28 percent for single-family homes and up 25 percent for townhouse-condo units.

Housing is fortified by confident consumers and good jobs. The year 2013 was marked by a slowly improving labor market stunted by political gridlock, and the Federal Reserve’s long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It’s no wonder that buyers were active in 2013. Here’s to more of the same in 2014.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”]

*Data from PWR and includes Orange County and some surrounding areas.

Current Fullerton Homes For Sale

(Contact us a specific type of property you are looking for)

[idx-listings city=”Fullerton” maxprice=”25000000″ minbeds=”3″ maxbeds=”15″ minimpsqft=”1400″ maximpsqft=”20000″ statuses=”1″ propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”15″ showlargerphotos=”true”]

Home Prices Steady Climb in 2014

Diego Loya Home Living Orange County Real Estate Report 1-2014

Home Living Report – Orange County Real Estate News by Diego Loya

The Orange County Real Estate market in 2013 has some big gains. Homes increased to it’s highest levels since 2007. A more stable and normalized market will continue in 2014 where home prices will stay strong and the buying market will stay fierce. Although there will be more homes for sale, the buyer’s appetite will be greater.

In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and segment, but the proverbial glass appeared to be more than half full throughout the year.

  • New Listings were down 17.1 percent for single family homes and 1.9 percent for condos and townhome properties.
  • Pending Sales decreased 9.0 percent for single family homes and 0.3  percent for townhouse-condo properties.
  • The Median Sales Price was up 23 percent to $530,000 for single family homes and 28.8 percent to $335,000 for condos and townhome properties.
  • Months Supply of  Inventory decreased 21.7 percent for single-family homes and flat for townhouse-condo units.

Housing is fortified by confident consumers and good jobs. The year 2013 was marked by a slowly improving labor market stunted by political gridlock, and the Federal Reserve’s long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It’s no wonder that buyers were active in 2013. Here’s to more of the same in 2014.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”] *Data from PWR and includes Orange County and some surrounding areas.

[idx-listings county=”Orange” maxprice=”120000000″ minbeds=”3″ maxbeds=”15″ statuses=”1″ propertytypes=”516″ orderby=”LastUpdated” orderdir=”DESC” count=”15″ showlargerphotos=”true”]

Home Prices in Fullerton Have Leveled Off

Home Living Report – Fullerton Real Estate News by Diego Loya

Home prices in Fullerton have leveled off and there are signs that this trend will continue. Demand for housing has waned a bit as buyers have either stopped or put off looking for a home. Also, the inventory of homes for sale has increased. More homeowners have decided this is a good time to sell. Less demand and more homes to choose from, home prices have slowed.

Do you hear that? Hummmmm. That’s the delightful sound of normalcy. Buyers are buying, sellers are selling, lenders are lending and builders are building. Sure, this varies from region to region and even city to city within a region or state, but by and large, things are returning to normal. All major indices showcase fairly robust price recovery. Consumer confidence isn’t what it could be, but it’s sufficient for now.

  • New Listings were up 9.8 percent for detached homes and a whopping 100 percent for attached properties.
  • Pending Sales increased 10 percent for single family homes and increased 4.3 percent for townhouse-condo properties.
  • The Median Sales Price was up 21.7 percent to $510,000 for detached homes and 55.5 percent to $337,500 for attached properties.
  • Months Supply of  Inventory decreased 38.9 percent for single-family units and unchanged for townhouse-condo units.

There’s some evidence that it’s not just first-time home buyers fueling the recovery. Move-up buyers are also pulling their weight. Some baby-boomers are ready to look for less space, nudging Junior out of the basement. The pizza boxes and late-night video games get old, plus there’s a fresh crop of buyers looking for a bigger space to raise their own little darlings.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”] *Data from PWR and includes Orange County and some surrounding areas.

Orange County Home Prices Start to Level Off

Home Living Report – Orange County Real Estate News by Diego Loya

Home prices in Orange County have leveled off some for a couple of reasons. One, there is just less demand. Earlier this year there was a flurry of buyers looking to purchase a home but there are less buyers right now looking to buy. Two, there’s more homes for sale. Even though there isn’t a huge amount of new listings for sale, that 2 plus percent last month does make a difference.

Do you hear that? Hummmmm. That’s the delightful sound of normalcy. Buyers are buying, sellers are selling, lenders are lending and builders are building. Sure, this varies from region to region and even city to city within a region or state, but by and large, things are returning to normal. All major indices showcase fairly robust price recovery. Consumer confidence isn’t what it could be, but it’s sufficient for now.

  • New Listings were up 2.6 percent for detached homes and increased 26.6 percent for attached properties.
  • Pending Sales decreased 2.5 percent for single family homes but increased 3.7 percent for townhouse-condo properties.
  • The Median Sales Price was up 22.2 percent to $525,000 for detached homes and 31 percent to $330,000 for attached properties.
  • Months Supply of  Inventory decreased 32.4 percent for single-family units and 17.9 percent for townhouse-condo units.

There’s some evidence that it’s not just first-time home buyers fueling the recovery. Move-up buyers are also pulling their weight. Some baby-boomers are ready to look for less space, nudging Junior out of the basement. The pizza boxes and late-night video games get old, plus there’s a fresh crop of buyers looking for a bigger space to raise their own little darlings.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”] *Data from PWR and includes Orange County and some surrounding areas.

[idx-listings linkid=”259281″ count=”15″ showlargerphotos=”true”]

Homeownership Desired in Fullerton, CA

Home Living Report Fullerton Real Estate News by Diego Loya

Owning a home in Fullerton, CA is a hot commodity. Following the trend of 2013, houses, condos and townhomes in the city of Fullerton have continued to appreciate month over month. Those homeowners that have sold their properties have made a substantial profit. If you are considering selling, this is a great opportunity to do so. Strong demand for a limited supply of homes for sale has seemingly outweighed higher mortgage rates, at least for the time being. The idea that mortgage rates may rise further is likely spurring some of this demand. The dream of homeownership is very much intact, but buyers should be prepared with competitive offers, since every measure of market health is pointing upwards.

  • New Listings were up 15.6 percent for detached homes and increased 45.5 percent for attached properties.
  • Pending Sales decreased 2.6 percent for single family homes and increased 21.2 percent for townhouse-condo properties.
  • The Median Sales Price was up 2.2 percent to $530,000 for detached homes and 63.4 percent to $335,000 for attached properties.
  • Months Supply of  Inventory decreased 50 percent for single-family units and 25.9 percent for townhouse-condo units.

Eyes continue to fixate on the Federal Reserve and its policy inclinations related to stimulus tapering. Labor market growth is positive but still tepid. Things like gas prices, stock market shifts and global economics have a tendency to sway consumer sentiment. At the moment, U.S. housing continues to be a bright spot.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”]

Fullerton Homes For Sale

(Contact me if you are searching for a specific property or property type)

[idx-listings city=”Fullerton” minprice=”350000″ maxprice=”2000000″ minbeds=”3″ maxbeds=”8″ statuses=”1″ propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”15″ showlargerphotos=”true”]

Strong Demand For Homes in Orange County, CA

Home Living Report – Orange County Real Estate News by Diego Loya

If you own a home in Orange County, CA you are in HOT demand. The trend of 2013 continues. Houses, condos and townhomes in Orange County have continued to appreciate month over month. Substantial profits have been made this year from homeowners that have sold their properties. If you are considering selling, this is a great opportunity to do so. Your time is limited. Strong demand for a limited supply of homes for sale has seemingly outweighed higher mortgage rates, at least for the time being. The idea that mortgage rates may rise further is likely spurring some of this demand. The dream of homeownership is very much intact, but buyers should be prepared with competitive offers, since every measure of market health is pointing upwards.

  • New Listings were up 5.1 percent for detached homes and increased 35.1 percent for attached properties.
  • Pending Sales increased 2.5 percent for single family homes and increased 17.5 percent for townhouse-condo properties.
  • The Median Sales Price was up 25.9 percent to $535,000 for detached homes and 32.8 percent to $335,000 for attached properties.
  • Months Supply of  Inventory decreased 41.7 percent for single-family units and 32.3 percent for townhouse-condo units.

Eyes continue to fixate on the Federal Reserve and its policy inclinations related to stimulus tapering. Labor market growth is positive but still tepid. Things like gas prices, stock market shifts and global economics have a tendency to sway consumer sentiment. At the moment, U.S. housing continues to be a bright spot.

Want to Sell Your Home?

Contact me now and you’ll receive a private consultation at your home. No obligation. 714.989.6040  diego@ehomeliving.com .  [gravityform id=”2″ name=”Send us Your Questions and Comments” title=”false” description=”false”]

Orange County Homes For Sale

(Contact me if you are searching for a specific property or property type)

[idx-listings county=”Orange” statuses=”1″ propertytypes=”513″ orderby=”DateAdded” orderdir=”DESC” count=”15″ showlargerphotos=”true”]

Investors Now Cashing Out of Real Estate Investments

In the last year I’m never been so popular with investors. I’ve gotten calls, emails, invitations to fancy dinners, drinks on the house. Yeah it’s been a fun year a wining and dining but unfortunately to investors I couldn’t put out much. See investors got so desperate for new fresh meat (houses not me) they did everything in their power to attract properties to them. Unfortunately, not many homeowners were selling.

Let’s talk a ride back in time. Investors came roaring into the real estate market soon after the massive real estate collapse in 2007 and 2008. Cash was king and investors gobbled up every opportunity big and small throughout Southern California and really the whole country.


In the last 5 years investors pushed and propped up the housing market. The strategy was simple, Buy and Hold. Investors bought up hundreds of properties at a time and smaller investor took what they could. At these bargain prices no ugly property went unnoticed. Once purchased, the property would be held for a number of years until home prices rose and then sold for a profit. In the meantime tenants would be placed in the property.

Personally I saw the buying boom start out where the housing collapse hurt the most, in the Inland Empire. As homes came up for sale investors picked up houses when the regular buyer was not interested or couldn’t get financed. On the flipside, sellers scrambled to sell as quickly as possible to get out of the mounting debt.

Years passed and the inventory of homes for sale fell but Investors still had a huge appetite so they moved west into nicer higher priced areas such as Orange County and Los Angeles County and bought everything in sight. In the last year, something happened that caught some by surprise, a Seller’s Market was born. Investors had eaten so much inventory that the regular buyer, (families, 1st time buyers, move up/down buyers) had no chance to purchase and the run up of bids to buy a home, any home, started. But the investor continued.

Fast forward to today. The regular home buyer has either quit or has been priced out of a home and investors have something of a hangover. Prices have risen so fast that even the mighty investor cannot make sense of buying homes at today’s prices.

Now we face a scarcity of homes for sale and prices are above the reach of  families. Investing in real estate does not make sense for investors. Now, interest rates have started to creep up with the announcement by the Fed that it will start curbing back stimulus to the economy. For the first time since the bull run in real estate, home sales and those under contract have dropped. We also know that applications for new mortgages and refinances have slowed. These are strong indicators that the run on housing is nearing an end.

There have been investors that have started to cash in on their winnings and dump the homes they have purchased. I would recommend if you are an investor to look at your portfolio and consider an exit strategy. The indicators are strong and you can still take advantage of higher home prices.

Call me to discuss your real estate investments. We can see where you want to go and strategize a plan to get there. Diego Loya 714.989.6040