Electronic Waste Recycling and Paper Shredding in Dana Point – Saturday April 27th 9am to 1pm

Electronic Waste Recycling & Paper Shredding in Dana Point / Monarch Beach / South Orange County

Saturday April 27th 9am to 1pm

Recycling in Orange County , eWaste Recycling in Orange County, Electronic Recycling in Orange County, Paper Shredding in Orange County, Electronic recycling in Dana Point, Paper Shredding in Dana Point

eWaste April 27th, 2013 – Nancy and Heather Cloward – The Cloward Team – Surterre Properties – Ways to Go Green – Recycling

Got old electronics and documents you have been waiting to get rid of? We’ve got not one, not two, but three eWaste and document shredding events coming up!

Our first eWaste event will be held in Monarch Beach on Saturday, April 27, 2013 from 9 a.m. to 1 p.m at the South Shores Church parking lot (32712 Crown Valley Pkwy).

We will host our second event at the same time the following Saturday, May 4, 2013, at Surterre Properties’ Newport Beach Headquarters parking lot (1400 Newport Center Dr.).

The third upcoming event will be held in Laguna Beach on Saturday, May 11, 2013 from 9 a.m. to 1 p.m. at the Laguna Beach School District parking lot (550 Blumont, corner of Park Avenue/Blumont).

Why should you stop by?

  • Our eWaste events are a free service with no forms to complete
  • We unload the items for you – no need to get out of your car
  • ProShred provides on site paper shredding (then they recycle the final shredded materials!)

Join us in our commitment to the environment and to the local organizations that are trying to spread the word by attending one – or all – of these eWaste events!

2013 eWaste Event Schedule

Supply of homes starts to catch up with sales

Supply of homes starts to catch up with sales

As prices rise, more sellers are testing the market.

The supply of newly listed homes for sale is starting to show signs of keeping pace with buyer activity in some of the nation’s hottest real estate markets, new data suggest.

In 21 of 24 major metropolitan markets tracked by residential brokerage ZipRealty, new listings outnumbered new sales contracts for the 30 days ended March 15.

Supply may “finally start to keep pace with frenzied buyer activity,” says Lanny Baker, ZipRealty CEO.

Home sellers in Los Angeles, for instance, put 16,170 homes on the market from mid-February to mid-March. At the same time, only 9,533 homes entered sales contracts.

Other cities seeing the same situation included Phoenix — where January home prices were up 23% year-over-year, Standard & Poor’s Case-Shiller data shows — the San Francisco Bay Area, Denver and Houston. San Francisco home prices followed Phoenix’s gain with an almost 18% pop in January year-over-year.

Meanwhile, new pending sales outnumbered new listings only in Las Vegas, Raleigh, N.C., and Washington, D.C., ZipRealty says.

Nationally, the supply of homes for sale stood at 4.7 months in February, meaning they’d all sell in that time frame if no new supply were added, the National Association of Realtors says. That’s up from 4.3 months the previous month.

Generally, Realtors consider a six-month to seven-month supply to be a balanced market between buyers and sellers.

Tighter-than-normal supply has helped lift prices and led to multiple offers in many markets.

In seven of the cities analyzed by ZipRealty, more than one-fourth of the homes listed for sale sold in less than seven days. Those cities were Las Vegas, Orange County and Sacramento in California; Denver; Washington, D.C.; Seattle; and Austin, Texas.

The lower-than-normal supply is also putting a drag on sales, Realtors and market watchers say.

The Phoenix market has about 20,000 homes listed for sale. That’s about 13,000 fewer than would be normal, says Mike Orr, real estate expert at the W.P Carey School of Business at Arizona State University.

“The biggest problem we have is supply,” Orr says.

In Orange County, the inventory of single-family homes and condominiums listed for sale has risen 10% since April 1, says Steven Thomas, of trade publication Reports on Housing. That’s the biggest expansion in about two year

Some homeowners are “testing the waters and attempting to fetch prices that are just way too off the mark,” he says. He expects inventories to keep growing as those homes sit longer.

Some Sacramento-area home sellers are likewise being too zealous with prices, says Joanie Cubias, of Lyon Real Estate. More appraisals are now falling short as sellers over-price, she says.

If homes are priced right, however, “There’s 10 buyers for every house,” Cubias says, especially for homes priced below $350,000.

 

Don’t Forget to Check Out This Weekend’s Open Houses !!!

Don’t Forget to Check Out This Weekend’s Open Houses !!

Our Open House Directory offers full access to all Surterre Properties’ upcoming open houses in Orange County, and is updated with new inventory on a weekly basis. Whether you’re touring Newport BeachLaguna BeachCorona del MarNewport Coast, Laguna NiguelDana PointIrvineSan Clemente or other neighboring coastal communities, this directory should be your first stop in helping you find your final destination.

This Week’s Best Buys in Orange County Real Estate

This Week’s Best Buys in Orange County Real Estate

Free $100 Gift Card to Angelina’s Pizzeria and Marina Hills Homes Selling Fast

Enter to Win

Free $100 Gift Card to Angelina’s Pizzeria Neapolitan in Dana Point.

That’s right I said Dana Point, not Los Angeles, Newport, Costa Mesa, or even the up-and-coming Santa Ana.  South County finally has good pizza. Angelina’s Pizzeria is legit and it’s is the place to go to if you are serious about pizza.

And let’s not forget that they are offering HAPPY HOUR everyday from 3 to 6pm ….. Half of Everything on the Menu (Dine In Only)

Enter To Win Here

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Best Pizza in Orange County, Orange County Restaurants, Orange County Homes for Sale, Orange County Neighborhoods

Angelina’s Pizzeria Napoletana – Dana Point Pizzeria – Nancy and Heather Cloward

The Cloward Team, Orange County Pizza, Best Restaurants in OC, Orange County Homes For Sale

Angelina’s Pizzeria – White Pizza – Nancy and Heather Cloward

 Laguna Niguel Marina Hills Homes for Sale

Marina Hills Homes Selling Fast at significantly Higher Prices then 2012.

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Marina Hills Homes For Sale, Marina Hills Real Estate, Marina Hills Community, Best Neighborhood in Laguna Niguel, Laguna Niguel Homes for Sale, Laguna Niguel Real Estate, Nancy and Heather Cloward, The Cloward Team

Marina Hills Fountain – Marina Hills, Laguna Niguel
Marina Hills Homes Selling Fast, Marina Hills Homes Selling at Significantly Higher Prices then 2012, Nancy and Heather Cloward, The Cloward Team

Marina Hills Chandon – 29% Increase in value 
Marina Hills Fleurance – 55% Increase in value 
Marina Hills Monaco – 12% Increase in Value 
Marina Hills Terricina – 43% Increase in Value 
Marina Hills Siena – 28% Increase in Value 
Marina Hills Amarante – 22% Increase in Value 
Marina Hills Vistara – 33% Increase in Value 
Marina Hills Heights – 45% Increase in Value 
Marina Hills Palacio – 33% Increase in Value 
25 Bernay (Amarante) in Escrow in 1 Day
38 Argos (Vistara) in Escrow in 3 Days
4 Gaeta (Monaco) in Escrow in 3 Days
16 Killini (Terricina) in Escrow in 4 Days
42 Siena (Siena) in Escrow in 4 Days
167 Chandon (Chandon) in Escrow in 4 Days
 9 Andorra (Monaco) in Escrow in 5 Days
23 Narbonne (Terricina) in Escrow in 6 Days
23 Andorra  (Monaco) in Escrow in 7 Days
13 Siena (Siena) in Escrow in 7 Days

One Person Injured in a House Fire at 22 Red Rock, Laguna Niguel

 

One Injured in Laguna Niguel House Fire

A painter and firefighter were injured in a two-alarm fire that tore through a Laguna Niguel home Thursday.

A painter in his 30s was hospitalized with burn injuries and a firefighter required treatment for heat exhaustion due to a two-alarm blaze at a Laguna Niguel house this afternoon.

Firefighters were alerted at 4:44 p.m. and were on scene at 22 Red Rock Lane six minutes later, Orange County Fire Authority Division Chief Kris Concepcion said.

“The initial arriving engine crew reported seeing black smoke from the second story of a single family residence,” said Concepcion. “They initially went into the house to fight the fire, but, because of the intensity of the fire, they had to back out.”

Firefighters later called a second alarm and were still attacking the blaze as of 6 p.m. About 20 minutes later the fire was declared contained, but firefighters would likely be on scene for several more hours putting out hot spots, Concepcion said.

A cause and damage estimate were not expected until Friday, Concepcion said.

The man in his 30s who was burned was part of a painting crew working on the inside of the two-story house, Concepcion said. The man’s injuries were not life threatening and he was being treated at Western Medical Center in Santa Ana, Concepcion said.

The firefighter’s injuries were minor, Concepcion said.

 

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One person was hospitalized as firefighters battled a two-alarm fire at a Laguna Niguel house today. Credit Orange County Fire Authority Division Chief Kris Concepcion

Real Estate Newsletter and Market Update for May 2013 – Nancy and Heather Cloward

The Cloward Team

Orange County Real Estate – Nancy & Heather Cloward – Real Estate Newsletter – May 2013

The Cloward Team

Orange County Real Estate, Nancy & Heather Cloward – Real Estate Newsletter – May 2013

The Cloward Team

Nancy & Heather Cloward – Real Estate Newsletter – May 2013

Surterre’s Weekly Financial and Market Update

Week Ending 4/23/2013

“Glass Half Full” Perspective

“PRICES AND SALES VOLUME”

For the month of March…

Prices

Resale Homes          up 22.1%

New Homes              up 13.5%

Resale Condos         up 28.8%

Sales Volume

Resale Homes          up 10.1%

New Homes              up 38.3%

Resale Condos         down 4.1%

Median Price $505,000 up from $400,000 a year ago

Sales Volume 3,063 up from 2,856 a year ago

O.C house payments $2,095 up from $1,779 a year ago

“CALIFORNIA HOME PRICES, SALES INCREASE”

Home prices across California jumped 8.3% in March compared to February and 24.7% compared to a year earlier.

There has been a shift in psychology, where more people worry prices will rise and fewer fear a decline.

 By: Andrew Khouri

“O.C. MEDIAN TOPS $500,000”

March midpoint prices rises 26.3% from 2012, largest annual increase since 2004

By: Jeff Collins

“HOME LISTINGS UP 6%”

Analyst attributes rise in O.C. inventory to higher prices. Listings overall, however remained near the nine-year low. As of Thursday, 3,407 homes were listed for sale through the MLS. That compares to 6,354 homes for sale at the same time last year.

By: Jeff Collins

“SALES UP IN MID – AND HIGH-END HOMES”

Competition among buyers remains fierce…

By: Jeff Collins

“HOUSING STARTS SURPASS 1 MILLION IN MARCH”

Homebuilders break the mark for first time since 2008, a sign of continuing recovery.

“INVESTORS GO ALL IN ON APARTMENTS”

Being a landlord is an attractive alternative to volatile stock market and low CD rates

By: Richard Clough

“OFFICE VACANCY RATE DROPS”

The trend will continue through 2013.

By: Richard Clough

“IS L.A. HOUSING MARKET TOO FROTHY”

A shortage of homes for sale has pushed region from recovery to frenzy, experts say. Los Angeles is one of the “bubbliest” housing markets in the U.S., second only to Washington, D.C.

By: Alejandro Lazo

HOUSING MARKET JUMP BOOST OVERALL ECONOMY

An upswing in local property markets – Painful for some, such as renters and or house shoppers.

By: Jonathan Lansner

“STATE NUMBER 3 FOR HOME PRICE GAINS”

California and its big metro areas are at the forefront of the nation’s housing recovery. California’s (15.3%) overall home prices appreciation was No. 3 in the nation, behind Nevada (19.3 %) and Arizona (18.6%). The nation’s average was 10.2 %.

By: G.U. KRUEGER

“O.C. BUSINESS SALES RISE 15.7% FROM A YEAR AGO IN MARCH”

It’s the seventh straight month with increases from same period in 2012.

By: Jan Morman

Surterre’s Weekly Financial and Market Update

Week Ending 4/23/2013

“Glass Half Empty” Perspective

None

Orange County Median Home Price Tops $500,000

O.C. Median Home Price Tops $500,000…

The Cloward Team

Orange County Median Homes Prices Rise – Nancy & Heather Cloward

March’s increase was the biggest annual price gain in the county since 2004.Orange County’s median home price soared to $505,000 in March, crossing the half-million-dollar threshold for the first time in five years and reflecting a trend of rising prices seen throughout Southern California. Home sales, meanwhile, rose 7.2 percent year over year in March, Data-Quick Information Systems reported Wednesday. The median price – or price at the midpoint of all sales – increased by $105,000 or 26.3% since March of 2012. It was the biggest annual price gain since 2004.

Industry observers warned that much of the price gain was due to a shift from foreclosures and short sales toward more standard sales. For example, 26% of last month’s existing home sales were either foreclosures or short sales, vs. 50% a year earlier, Data-Quick figures show. That shift skews the median price upward because there are more higher-priced sales. “There is no individual property that has increased (in value) at 26%t,” said Pat Veling, president of Real Data Strategies, a Brea real estate consulting firm. He pegged the actual price appreciation rate at 9 to 11 percent.

The median price for a Southern California home hit a 56-month high in March, up 23.4% from March 2012, as sales of mid- to high-end homes rose and those of distressed properties dropped. Los Angeles County, for example, saw a 24.2% year-over-year price increase, to a median of $380,000. San Bernardino County had the region’s biggest jump: The median increased 26.7% to $190,000.

“It’s remarkable how much the housing scene has changed in a year,” said John Walsh, Data-Quick president. “At this point in 2012 there were still plenty of folks sitting on the market’s sidelines, waiting to be sure the recovery was real. “But gradually the psychology shifted as the economy picked up steam and mortgage rates fell to historic lows,” he said. “We’re seeing the release of a lot of pent-up demand, especially in the middle and higher-priced neighborhoods.” Southern California sales reached the highest level in six years for a March, Data-Quick reported, though sales still were 15 percent below the March average.

A drop in affordability

A year ago, Orange County’s median price was $400,000. “I’m not sure that the O.C. home median price reaching $500,000 will create a psychological change in the minds of sellers,” said Mike Cotter, a broker associate with Century 21 O.M.A. in San Clemente. “But I think it will in the minds of buyers. And therefore we are likely to continue with a seller’s market and low inventory.” Cotter said sellers tend to have “a number in their head” they have to achieve, while buyers simply see prices rising indefinitely into the future. “Buyers have no reason to wait,” Cotter said, “whereas sellers do.”

O.C. Median Home Price Tops $500,000

Orange County’s median home prices first crossed the half-million-dollar mark in April 2004, eventually hitting a high of $645,000 in June 2007. A month later, the housing bubble burst, with the median price dropping below $500,000 in May 2008. While record-low interest rates have chopped the typical monthly mortgage payment on a $500,000 house by nearly $300 since 2004, the past year’s run-up in home prices has taken a bite out of affordability. A minimum income of $95,500 a year is needed to afford a median-priced home today, assuming that house payments on a 30-year, fixed-rate loan account for a third of the buyers’ income. That compares to $79,000 annually a year ago.

No ‘magic number’

Realtor Robert MacLean said the March price gain reflects what he has seen. “A house on the same street with the same square feet in the same condition that would have sold for $450,000 a year ago is going for over $550,000 now in Huntington Beach,” said MacLean, with First Team Real Estate. But crossing the $500,000 median threshold in Orange County isn’t that significant to the average homebuyer or seller, said Cedric Ferrell, a Realtor with Keller Williams in Mission Viejo. “I haven’t experienced that there’s a magic number,” he said. “I think there’s a magic number for each community and area.” Ferrell listed a three-bedroom house in Costa Mesa at $529,900. He said 85 visitors came to a weekend open house. He got eight offers. “Every offer we received was above the asking price,” he said.

“It’s a supply and demand situation,” Ferrell said. “There are very few homes that are for sale now. The inventory is still significantly below where last year was.” Competition among buyers remains fierce. Realtors said investors and cash buyers still play a large role in home sales, especially in the lower price ranges. “If you were to take away the investors and foreign buyers we would probably have a normal market,” MacLean said.

But, he added, “My fear is that we are creating another bubble. I do not see that the average person working here in O.C. has the income to support the rising house prices which got us into the housing problem in the first place. The average buyer is being pushed out into the Inland Empire again.” Veling, however, doesn’t think that prices are being artificially inflated. “As long as mortgage lending remains realistic about the value of the property and the ability to repay, we don’t have a bubble,” he said. “We have competition among buyers, but we don’t have a bubble.”

Mortgage credit standards have not changed much in the past few months, said Dustin Hobbs of the California Mortgage Bankers Association. “Lenders remain cautious in extending credit to borrowers,” he said. “As new laws and regulations continue to be absorbed by lenders, credit standards are likely to remain consistent.” Data-Quick shows that in March, 7.4% of Southern California home purchase loans were adjustable rate mortgages, up from 5.6% in February and 6.2% a year earlier. The March figure was the highest since adjustable rate mortgages were 8.5 percent of the purchase loan market in August 2011.

—————————————————————————

Housing experts explain median price jump

Housing industry experts cited buyers bidding up a limited supply of homes and fewer distressed homes in the mix as key reasons for the jump in the Orange County median home sale price in March. Some observations about the current market:

“There have been significantly fewer short sales this year compared to the same period last year. The fact that the sellers do not have to compete with the distressed sales has been a significant factor in rising prices.”

— Frank Agahi, Re/Max Associated Realtors, Irvine

“The demand is definitely high, and the supply has been so low in the last couple months, anybody who has been on the fence … they definitely have gotten off the fence. They want to buy before it goes higher. I don’t think the sellers are asking for more. The buyers are offering more. It’s competition among the buyers.”

— Preeti Bhathal, Keller Williams Realty, Mission Viejo

“Unless they are leaving the area or wanting to cash out and rent they are not going to sell unless they know they can find another home to purchase. Also bottom line: People are still not convinced that our economy is really improving. People are staying put.”

— Sue Turner, real estate agent with Windermere Real Estate SoCal, Laguna Niguel.

“ECONOMIST SEES SIGN OF ACTIVITY”

“ECONOMIST SEES SIGN OF ACTIVITY”

  • Housing starts up 19% from the pace over the prior 12 months
  • At current pace, apartment construction in 2012 would be highest since 2005
  • National Association of Realtors February confidence index at highest level since survey began in 2008


“FORECAST SAYS RENTS WILL RISE FOR 2 YEARS”

“FORECAST SAYS RENTS WILL RISE FOR 2 YEARS”

Renters, beware! Landlords will have the upper hand in the pricing game for the next 2 years. Rents are to rise 5.1% over the next 2 years