Wednesday, July 24, 2024 / by Bob Cowan
Purchasing a home ranks among the most impactful choices you'll ever face. In Southern California, a fiercely competitive real estate market sees both cash transactions and financed purchases playing pivotal roles. Let's explore the statistics on all-cash offers in Orange County and contrast them with Los Angeles and San Diego counties.
The All-Cash Purchase Landscape in Southern California
Many buyers and sellers are curious about the prevalence of all-cash purchases in recent years. Contrary to concerns, the frequency of all-cash transactions has remained consistent. For instance, in 2021, there were 5,427 all-cash sales, marking the highest figure in recent years. In contrast, 2020 saw the lowest number at 4,480. Current projections suggest that 2024 will see fewer than 5,000 all-cash sales, but slightly more than in 2023.
All-Cash Home Purchases in Orange County
All Cash Purchases Orange County
2023 Totals
Through June 20 ...
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bob cowan, san clemente, platinum living realty, california, orange county, southern california, july 2024
Monday, June 3, 2024 / by Bob Cowan
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 ...
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bob cowan, your home sold guaranteed, san clemente, platinum living realty, california, orange county, june 2024
Thursday, May 2, 2024 / by Bob Cowan
Opportunity is present in Orange County's multi-family property market, and savvy investors can take advantage of the current conditions. The Bob Cowan Real Estate Team is well-prepared to navigate this evolving terrain, identifying distressed properties and mortgages to capitalize on the growing opportunities.
In the past four years, some major industry players have overextended themselves before a sudden spike in interest rates, leading to unexpected challenges such as rising rates, the Covid-19 tenant relief act, and the eviction moratorium. As the Federal Reserve raised rates, mortgage payments increased while rental income decreased, posing unforeseen difficulties for investors. However, as the saying goes, every crisis harbors an opportunity, and those with foresight can make a difference. For informed investors, this presents a moment of promise and potential.
In the coming year, a record number of commercial mortgage-backed securities (CMBS) multi-family loans ae ...
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bob cowan, your home sold guaranteed, san clemente, platinum living realty, california, may 2024
Tuesday, April 23, 2024 / by Bob Cowan
Beachfront Homes for Sale in San Clemente" conjures up images of opulent seaside living in a coveted locale. San Clemente, nestled along the picturesque coast of Southern California, boasts not only stunning ocean views but also a vibrant community and desirable amenities.
The phrase suggests an enticing opportunity to immerse oneself in the epitome of coastal luxury. Imagine waking up to the sound of waves crashing against the shore, stepping out onto your private balcony to breathe in the salty sea air, and enjoying panoramic vistas of the Pacific Ocean stretching out before you.
Beyond the immediate allure of living by the beach, San Clemente offers a lifestyle marked by relaxation, recreation, and refined elegance. Residents can indulge in a variety of water activities, from surfing and paddleboarding to leisurely walks along the sandy shores. The town's charming downtown area is replete with boutique shops, gourmet restaurants, and cultural attractions, pro ...
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bob cowan, your home sold guaranteed, san clemente, platinum living realty, california, april 2024
Sunday, April 21, 2024 / by Bob Cowan
A snapshot of the Santa Ana real estate market
The housing market in Santa Ana is characterized by competition. In this busy area, properties tend to sell quickly and attract many offers. Trends in the market point to dynamic dynamics that buyers and sellers need to be aware of.
Current Numbers
Median Sale Price: As of late, it has been reported that the median price at which a home in Santa Ana has been sold is roughly $738,000; this change indicates how responsive the market is to demand.
Sale Price per Square Foot: Investing in quality rather than quantity is on the rise, as evidenced by the median sale price per square foot, which is currently at $556.
Market Behavior: Real estate in Santa Ana is in high demand, as evidenced by the area's consistent sales pace. The city's increasing allure and the inherent value of its assets are reflected in this demand.
Inventory and Transactions: Information on the volume of real estate transactions in Santa Ana cang ...
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bob cowan, san clemente, platinum living realty, orange county, california, april 2024, southern california, santa ana
