Trending First Time Home Buyers….WHO ARE THEY?


While the overall number of first-time homebuyers continues to decline, one segment of the population is bucking the trend. Young people ranging in age from their late teens to mid-30s, known as millennials, are the largest and fastest growing group of homebuyers, according to the National Association of REALTORS® (NAR). Instead of converted industrial spaces and hip coffee shops in city centers, these young people are opting instead for older single-family homes with manicured lawns and soccer leagues in the suburbs.

The median age of millennials, 30, is the driving force behind this trend. “This is typically the time in life where one settles down to marry and raise a family,” says Lawrence Yun, NAR’s chief economist. And these buyers are choosing the suburbs over the city, he adds, because of a shortage of condos in urban centers fitting their entry-level price range. “Affordability pressures make buying in the city extremely difficult for most young households,” he says. “Even if an urban setting is where they’d like to buy their first home, the need for more space at an affordable price is for the most part pushing their search further out.”

Source: Council of Residential Specialists

Michael Caruso is a long time member of the Council of Residential Specialists, designation CRS

mcaruso@surterreproperties.com

www.CarusoRealEstate.com

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Stats are in for 2016- Homes Sold in Dana Point, Laguna Beach & Laguna Niguel


Dana Point – Homes Sold:
$0-1M = 346 homes sold
$1M- 3M = 142 homes sold
$3M+ = 45 homes sold
Highest Priced Sale: $19,997,500
Lowest Priced Sale: $186,000

Laguna Beach – Homes Sold:
$0-1M = 45 homes sold
$1M- 3M = 256 homes sold
$3M+ = 73 homes sold
Highest Priced Sale: $45,000,000
Lowest Priced Sale: $261,600

Laguna Niguel – Homes Sold:
$0-1M = 879 homes sold
$1M- 3M = 209 homes sold
$3M+ = 8 homes sold
Highest Priced Sale: $6,295,000
Lowest Priced Sale: $235,000

Are you interested in finding out the 2016 stats for your city? We have homes available throughout OC, for everyone and at every price. Call 949-545-2080 or email us at mcaruso@surterreproperties.com with questions.

www.carusorealestate.com

We’re Back: Bigger, Better & Bolder


We’re back. And we are bigger, better and bolder than ever. Blog fans might remember that we were among the Top 50 Bloggers in the USA just a few short years ago,…. so, what happened?

Well our business direction created a merger of our Real Estate office with Surterre Properties in 2013. By joining forces with Surterre we increased our Global profile and can offer a multitude of additional advertising styles and increased exposure for our clients, with business relationships in 17 countries and our own home search engine in China.

Our association with Surterre Properties has our team with offices in Newport and Monarch Beach. We look forward to a renewed relationship with our WordPress family and continue to serve all of OC and beyond with world class luxury home real estate services and our relentless insistence on complete client satisfaction.

Kind regards,

Michael Caruso, Founder

Caruso Real Estate Group

Broker Associate, Surterre Properties

Certified Luxury Home Marketing Specialist

mcaruso@surterreproperties.com
(949) 584-2300

www.carusorealestate.com

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Friday Foto ~ ‘Tis The Pumpkin Season


My daughter’s pumpkin on her Denver balcony, looks a little cold….

 pumpkin season

Happy October!

We Are Now Accepting Qualified Listings

Call Today for More Info on Our 

Distinctive Marketing Plans

And thank you for making me Your Orange County Real Estate Connection.     

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker Associate ABR ABRM CLHMS CRB CRS GREEN GRI

Surterre Properties

Past President, Orange County Association of Realtors (949) 495-8600

Tips on Holding a Safe Open House


 

NAR has designated September as Realtor Safety Month. There’s no time like the present for some safety tips.

Open house pic

Most of us will hold an open house at one time or another, so it’s a good idea to follow some safety guidelines so we don’t become a victim of crime.

Open houses are a great way to meet new buyers and expose your listing to the public, but they can be a target for criminals.

Here are 10 Tips for Holding a Safe Open house:

1. If possible, have at lease one other person working with you at the open house.

2. Check the strength, signal and the battery life of your cell phone before the open house.

3. Upon entering the house, check all rooms and select several “escape ” routes.

4. Make sure that escape routes through the back door do not prohibit your escape from the back yard. Make sure there are no high fences or locked gates.

5. Have all open house visitors sign in. Ask for full name, address, phone number and email.

6. When showing a house, try to walk behind them or along side of them.

7. Avoid getting cornered or trapped in small rooms, etc. Do not let a visitor distract you while someone else is in the house.

8. Inform a neighbor of the open house and make sure your office, family or friend are aware of your open house and check in with them frequently.

9. Tell the owners not to leave any drugs, jewelry or valuables out.

10. At the end of an open house, check all the rooms and yard before leaving. Close all windows and lock all doors. Be aware of your surroundings and be careful getting into your car.

We Are Now Accepting Qualified Listings

Call Today for More Info on Our

Distinctive Marketing Plans

And thank you for making me Your Orange County Real Estate Connection.

http://www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker Associate ABR ABRM CLHMS CRB CRS GREEN GRI

Surterre Properties

Past President, Orange County Association of Realtors (949) 495-8600

New Custom Home Listing in Laguna Niguel


 

Beautiful European Style Custom Home in Guard Gated Ocean Ranch, in Laguna Niguel, California

61 POPPY HILLS ROAD ~  Offered at $3,195,000

 

Front Elevation
Front Elevation
 

Dramatic Staircase and Foyer
Dramatic Staircase and Foyer
Formal Living Room
Formal Living Room
Formal Dining Room
Formal Dining Room
Gourmet Kitchen
Gourmet Kitchen
Great Room and Bar
Great Room and Bar
Otis Elevator
Otis Elevator
Yard with Pool & Spa
Yard with Pool & Spa
Library and Office
Library and Office
Private Gym
Private Gym