Orange County Real Estate Updates & Luxury Listings ✨ Stavros Group April Newsletter

Posted By : stavrosgroup on Apr 26, 2021

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APRIL 2021

Hi friends,

If Isaac Newton were buying a home today, he might wait.

‚ÄúWhat goes up must come down,‚ÄĚ after all.

But unlike gravity, the forces that apply downward pressure on real estate are not so predictable.

Southern California real estate is booming. Last month in Orange County, single-family homes averaged just 6 days on the market, and the price paid per square foot was up 15% from a year ago. Why?

It‚Äôs not a bubble, according to NAR chief economist Lawrence Yun. ‚ÄúIt is simply a lack of supply.‚ÄĚ

While the last housing craze was driven by dangerous lending that made disaster all but inevitable, the factors driving today’s market show no signs of slowing.

Buyer demand is high thanks to low mortgage rates and more time spent at home, and financial institutions are further adding to demand. On the other hand, housing supply is at historic lows. Some sellers would rather not compete for their next home, listings that do hit the market are snatched up fast, and builders are facing higher material costs.

Will any of this change substantially any time soon? No one has a crystal ball to know for certain. Prices could go down, stay flat or keep rising. But there’s no guarantee of a discount or a smoother ride for those who wait. Looking back a year from now, today’s listings might seem a relative bargain.

So, if your goals and finances align to buy or sell right now, what are you waiting for?

As always, we’re here to help you and anyone you send our way!

I hope you find something of value in this monthly newsletter I’ve crafted for you.

Warmly,
Andy Stavros

IN THE NEWS
Region’s housing boom continues
with record prices in 5 out of 6 counties


View Article
Los Angeles Daily News

Are you buying at the top of the real estate market?


View Article
Forbes

FEATURED LISTINGS
56 N La Senda
Laguna Beach


3 BD | 5 BA | 5,446 SQ FT
Offered at $25,000,000
Co-listed with The Altman Brothers

14 Sandy Cv
Newport Coast

5 BD | 8 BA | 4,722 SQ FT
Offered at $8,999,000
1612 Highland Dr
Newport Beach


5 BD | 4.5 BA | 4,120 SQ FT
Offered at $4,295,000

4601 Tremont Ln
Corona Del Mar


5 BD | 7 BA | 8,401 SQ FT
Offered at $13,495,000

1631 Louise St
Laguna Beach


3 BD | 3 BA | 2,269 SQ FT
Offered at $2,975,000

2442 S Coast Hwy
Laguna Beach


16 BD | 14 BA | 8,991 SQ FT
Offered at $8,950,000

RECENT SUCCESS
30 Tide Watch
Newport Coast

5 BD | 6 BA | 6,204 SQ FT
Sold for $10,000,000 | Rep. Buyer
3312 Marcus Ave
Newport Beach


3 BD | 4 BA | 2,756 SQ FT
Sold for $3,335,000

YOURS COULD BE NEXT!
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12 Corporate Plaza #250, Newport Beach, CA 92660
Douglas Elliman Real Estate