Monthly Archives: October 2010

Mission Viejo Home Prices to Jump 49%

Posted on October 28, 2010 by David Mayes

According to some UCLA economists, Orange County will experience home price increases of a staggering 49% over the next 6 years and a sales volume increase of a whopping 43% over the next two years. Orange County will have a half-million-dollar housing market again by 2012, and home sales volume … Continue reading →

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Mission Viejo Market Snapshot: Oct 25, 2010

Posted on October 25, 2010 by David Mayes

Mission Viejo Single Family Residences Sold in Last 7 Days 8 sold (-6 from last week) Equity Sellers: 4 (-5 from last week) Bank Owned: 1 (-1 from last week) Short Sale: 3 (+1 from last week) Other: 0 (-1 from last week) Mission … Continue reading →

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Home Sales Post 2nd Consecutive Monthly Gain

Posted on October 24, 2010 by David Mayes

The California Association of Realtors reports home sales in the state increased for the second consecutive month but also noted that homes sales are below the level they were at a year ago. “We’ve seen a gradual improvement in the market over the past few … Continue reading →

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Buyers – For Your Eyes Only!

Posted on October 20, 2010 by David Mayes

Buyers, right now you have a big advantage over the sellers: The sellers in Mission Viejo are not yet aware that the real estate market has turned into a seller’s market. In a healthy real estate market, the inventory of … Continue reading →

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Mission Viejo Market Snapshot: Oct 18, 2010

Posted on October 18, 2010 by David Mayes

Mission Viejo Single Family Residences Sold in Last 7 Days 14 sold (-1 from last week) Equity Sellers: 9 (-3 from last week) Bank Owned: 2 (+1 from last week) Short Sale: 2 (+1 from last week) Other: 1 (no change from last … Continue reading →

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7 Title Terms Every Buyer & Seller Should Know

Posted on October 15, 2010 by David Mayes

Clarity on title terms is of utmost importance when closing a sale — especially when you’re new to real estate and about to make one of the biggest investments of your life. The following seven title terms need to be understood by both the buyer and … Continue reading →

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8 Tips to Add Value & Curb Appeal to Your Home

Posted on October 14, 2010 by David Mayes

Curb appeal and home maintenance are two major factors that buyers look for in a home and is key to their decision making when deciding between two homes.  Pat Curry,  former senior editor at Builder, outlines 8 tips for adding curb appeal and value … Continue reading →

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California Housing Market Forecast for 2011

Posted on October 13, 2010 by David Mayes

The California Association of Realtors issued a Housing Market Forecast for 2011.  According to CAR the real estate market will edge upwards 0.02 % next year. California home sales for 2011 are projected to increase 2 percent to 502,000 units compared with 492,000 … Continue reading →

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Home-Sale Dollars Up 23% This Year

Posted on October 12, 2010 by David Mayes

Home-sale dollars in Orange County are up 23% over last year’s sales (up to the end of September, 2010). Dollars generated from all the homes sold in Orange County by real estate brokers totaled $10.7 billion this year so far, up … Continue reading →

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Mission Viejo Market Snapshot: Oct 11, 2010

Posted on October 11, 2010 by David Mayes

Single Family Residences Sold Last 7 Days 15 sold (-2 from last week) Equity Sellers: 12 (+2 from previous week) Bank Owned: 1 (no change from last week) Short Sale: 1 (-5 from last week) Other: 1 Condos Sold Last 7 … Continue reading →

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