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California | Platinum Living Realty Blog

Tuesday, June 11, 2024   /   by Bob Cowan

ORANGE COUNTY'S HOUSING LISTINGS DEMANDED HIGHER PRICES IN MARCH – DISCOVER THE LATEST MEDIAN PRICE HERE

According to an analysis of Realtor.com data, the median listing price for homes in Orange County was $499,999 in March, marking a slight 0.2% increase from the previous month's $499,000. Compared to March 2023, this represents a notable 5.3% uptick from $475,000.




It's important to note that these statistics solely reflect the listing prices of homes in Orange County and do not include data on homes that have been sold. For comprehensive information on your local housing market and other relevant community data, you can visit www.homesinthesocalarea.com.




The median size of homes listed in Orange County was 2,005 square feet, with an average listing price of $253 per square foot. This reflects a 6.3% increase in the price per square foot of homes for sale compared to March 2023.



Listings in Orange County were swift, with a median of 49 days on the market, slightly below the national median of 50 days in March. This marks a significant improvement from the ...

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Monday, June 10, 2024   /   by Bob Cowan

CALIFORNIA RENTAL MARKET JUNE, 2024

California Rental Market

Last updated June 8, 2024
Source: Zillow Rentals Data



Market Summary
The median rent for all bedrooms and all property types in California is $2,773.


Median Rent
$2,800

Month-Over-Month Change
+$1

Year-Over-Year Change
-$100

Available Rentals
71,786




Median Rental Price over Time
In the last year, rent has decreased by $100 compared to the previous year.

JanFebMarAprMayJunJulAugSepOctNovDec$2,730$2,800$2,870$2,940$3,010













• This year (2024)

• Last year (2023)




Price Range
The price range for all bedrooms and all property types is $100 to $999,999.

$500$900$1,400$2,000$2,600$3,200$3,800$4,400$5,000+030006000900012000


• Rental Properties



Frequently Asked Questions
1. What is the average rent in California?
The median rent in California is $2,800.
2. How much does it cost to re ...

  bob cowan, your home sold guaranteed, platinum living realty, california, june 2024

Thursday, June 6, 2024   /   by Bob Cowan

JUNE 3, 2024 ORANGE COUNTY REAL ESTATE MARKET UPDATE: FINDING EQUILIBRIUM AS SALES SURGE

Market Trends



The Orange County housing market is seeing an uptick in inventory, partly influenced by stable interest rates around 7%. This pattern mirrors a national trend, where some states are witnessing slight declines in home values. For example, Florida has experienced a notable decrease, while Arizona and Texas are teetering on the edge. Nationally, the median sales price for single-family homes sits at $453,000, showing a modest 1% increase over the past two years, indicating a slowdown in annual growth.


In contrast, Orange County's median list price for single-family homes remains strong, staying around $2,000,000. This marks a significant rise from April and May 2022, when the median list price was about $1,750,000, demonstrating sustained annual gains.


Interest Rates:


Mortgage rates had a temporary surge last week, especially on Tuesday and Wednesday, but have since stabilized. Despite rates hovering close to 7%, certain institutional lenders are ...

  bob cowan, your home sold guaranteed, platinum living realty, california, orange county, june 2024

Monday, June 3, 2024   /   by Bob Cowan

GOLF HOMES FOR SALE IN SAN CLEMENTE

San Clemente is renowned for its picturesque coastal setting, mild climate, and upscale lifestyle, making it an attractive destination for golf enthusiasts seeking both luxury living and access to premier golfing facilities.


These golf homes offer residents the opportunity to enjoy a unique blend of scenic views, recreational amenities, and exclusive community features. Whether nestled alongside lush fairways or overlooking panoramic vistas of the Pacific Ocean, these properties often boast high-end finishes, spacious interiors, and meticulously landscaped grounds.


Living in a golf home in San Clemente provides more than just proximity to the sport; it fosters a lifestyle centered around leisure, wellness, and community. Residents can indulge in rounds of golf at their doorstep, take advantage of clubhouse amenities such as dining options and social events, and immerse themselves in the relaxed coastal ambiance that defines this Southern California enclave.


Furthermoree ...

  bob cowan, your home sold guaranteed, san clemente, platinum living realty, california, orange county, june 2024

Wednesday, May 29, 2024   /   by Bob Cowan

DISCOVER WHERE TO LOCATE THE LOWEST AND HIGHEST-PRICED HOMES IN CALIFORNIA, RANGING FROM A MERE $205,000 FOR A HOUSE

If you're eyeing a house purchase in California, brace yourself for significant expenses.

As per the April home sales and price report by the California Association of Realtors, the median price for an existing single-family home in California surged to a record high of $904,210.


Since April 2023, the statewide median home price has climbed approximately 11%. Jordan Levine, the association's vice president, noted that although the market showed robust performance in April, a swift recovery isn't expected due to persistent inflation and fluctuating mortgage rates, despite recent decreases. As of Monday, the average interest rate for a 30-year fixed mortgage in California stood at 6.64%, as reported by Zillow.


Levine highlighted that the uptick in housing inventory will furnish much-needed supply to the market, potentially fostering a higher volume of home sales in the latter half of the year. For those on the hunt for a new residence, the California Association of Rea ...

  bob cowan, your home sold guaranteed, platinum living realty, california, may 2024

Platinum Living Realty
Bob Cowan
120 Newport Center Drive
Newport Beach, CA 92661
949-441-9918
DRE# 01970237

Based on information from California Regional Multiple Listing Service, Inc. as of June 14, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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