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

Caruso’s *LAGUNA NIGUEL* Closed Sales Report ~ April


Is the market is improving or at least stabilizing!?  We provide the latest market updates regularly, as well as personal consultation of market direction…

The Laguna Niguel Closed Sales Report for APRIL:

The Laguna Niguel Closed Sales Report for Homes Sold in the 0-$500,000 Range:

2012   54 listings closed escrow             

2011   38 listings closed escrow            

The Laguna Niguel Closed Sales Report for Homes Sold in the $500,000-$1,000,000 Range:

2012   47 listings closed escrow

2011   35 listings closed escrow

The Laguna Niguel Closed Sales Report for Homes Sold in the $1,000,000+Range:

2012  9 listings closed escrow                  

2011  8 listings closed escrow                   

Does a sales report tell the whole story about market environment, consumer sentiment and the value of your home?  Is it time to sell?  Is it time to add a property to your investment portfolio? Is the market changing, and in which direction? 

 

We Are Now Accepting Qualified Listings
Now providing “Short Sale Services”
Call Today for More Info and our “Spring Thing….”

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

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

Be Michael Caruso's Friend! Watch Caruso TV! Are You LinkedIn with Michael? The Voice of Orange County Review Michael Caruso! Tweet Michael Caruso!

Certified Luxury Home Marketing Specialist  Member of The Institute Luxury Home Marketing   Million Dollar Guild Member  Member of Proxio Pro - The International MLS

 

Caruso’s *LAGUNA NIGUEL* Closed Sales Report ~ December


 

Is the market is improving or at least stabilizing!?  We provide the latest market updates regularly, as well as personal consultation of market direction…

The Laguna Niguel Closed Sales Report for DECEMBER:

The Laguna Niguel Closed Sales Report for Homes Sold in the 0-$500,000 Range:

2011   46 listings closed escrow             

2010   38 listings closed escrow            

The Laguna Niguel Closed Sales Report for Homes Sold in the $500,000-$1,000,000 Range:

2011   29 listings closed escrow

2010   33 listings closed escrow

The Laguna Niguel Closed Sales Report for Homes Sold in the $1,000,000+Range:

2011  8 listings closed escrow                  

2010  3 listings closed escrow                   

Does a sales report tell the whole story about market environment, consumer sentiment and the value of your home?  Is it time to sell?  Is it time to add a property to your investment portfolio? Is the market changing, and in which direction?

 

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

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

Be Michael Caruso's Friend! Watch Caruso TV! Are You LinkedIn with Michael? The Voice of Orange County Review Michael Caruso! Tweet Michael Caruso!

Certified Luxury Home Marketing Specialist  Member of The Institute Luxury Home Marketing   Million Dollar Guild Member  Member of Proxio Pro - The International MLS

 

Homeownership Declines


Recently while browsing the latest California Real Estate Magazine, I came to learn that California is among the top five states with the lowest homeownership rates nationwide, according to the “Housing Characteristics: 2010” report by the U.S. Census Bureau.

 

With homeownership rate of 55.9%, California ranked second in the nation, falling behind New York’s rate of 53.5%.

 

Of California’s 37.3 million residents, 22.2 million live in the Los Angeles, San Diego, & San Francisco metropolitan regions. Because of this concentration in large urban areas, more than 30% of Californian families live in multi-home residences (which include apartments & condominiums), compared with a national average of 25.9%. California also has the second-highest median home value in the country, which some claim provides an incentive to rent rather than buy.

 

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

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

 

 

 

Caruso’s *IRVINE* Closed Sales Report ~ December


Is the market is improving or at least stabilizing!?  We provide the latest market updates regularly, as well as personal consultation of market direction…

The Irvine Closed Sales Report for DECEMBER:

The Irvine Closed Sales Report for Homes Sold in the 0-$500,000 Range:

2011   69 listings closed escrow             

2010   64 listings closed escrow            

The Irvine Closed Sales Report for Homes Sold in the $500,000-$1,000,000 Range:

2011   67 listings closed escrow            

2010   79 listings closed escrow

The Irvine Closed Sales Report for Homes Sold in the $1,000,000+Range:

2011   12 listings closed escrow            

2010   15 listings closed escrow                   

*Does a sales report tell the whole story about market environment, consumer sentiment and the value of your home?  Is it time to sell?  Is it time to add a property to your investment portfolio? Is the market changing, and in which direction?

 

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

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

Be Michael Caruso's Friend! Watch Caruso TV! Are You LinkedIn with Michael? The Voice of Orange County Review Michael Caruso! Tweet Michael Caruso!

Certified Luxury Home Marketing Specialist  Member of The Institute Luxury Home Marketing   Million Dollar Guild Member  Member of Proxio Pro - The International MLS

 

Caruso’s *DANA POINT* Closed Sales Report ~ December


Is the market is improving or at least stabilizing!?  We provide the latest market updates regularly, as well as personal consultation of market direction…

The Dana Point Closed Sales Report for DECEMBER:

The Dana Point Closed Sales Report for Homes Sold in the 0-$500,000 Range:

2011   22 listings closed escrow             

2010   12 listings closed escrow            

The Dana Point Closed Sales Report for Homes Sold in the $500,000-$1,000,000 Range:

2011   13 listings closed escrow             

2010   12 listings closed escrow

The Dana Point Closed Sales Report for Homes Sold in the $1,000,000+Range:

2011   2 listings closed escrow                  

2010   7 listings closed escrow                   

*Does a sales report tell the whole story about market environment, consumer sentiment and the value of your home?  Is it time to sell?  Is it time to add a property to your investment portfolio? Is the market changing, and in which direction? 

 

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

www.MichaelCarusoRealEstate.com

Best regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GREEN GRI

Past President, Orange County Association of Realtors (949) 753-7900

Be Michael Caruso's Friend! Watch Caruso TV! Are You LinkedIn with Michael? The Voice of Orange County Review Michael Caruso! Tweet Michael Caruso!

Certified Luxury Home Marketing Specialist  Member of The Institute Luxury Home Marketing   Million Dollar Guild Member  Member of Proxio Pro - The International MLS