Orange County Real Estate Newsletter: August 2020

Posted By : stavrosgroup on Sep 08, 2020

Hi friends,

Amid a sweltering heat wave, the Orange County housing market is red-hot too. Much like your valiant AC unit, home sellers and their agents are working overtime to meet a blaze of unforseen demand.

Last month, Orange County listings spent an average of 16 days on market. That’s a 36% decrease from July 2019. Sales prices are higher than ever as supply struggles to keep pace, and OC homeowners find themselves in an enviable position.

Today’s fast-paced market can be attributed to a few things. Record-low mortgage rates have empowered buyers, and social distancing has shifted their priorities. Pent-up demand is being released. Plus, real estate remains a relatively safe bet in a time of economic uncertainty.

Buyers want more space to cook, to school, to play and to relax. They want views of nature without leaving the house. Our newest listing certainly fits the bill.

2675 Riviera

Meet 2675 Riviera Drive.

A 13,000 SF estate in the ultra-exclusive Abalone Point (seen above) in Laguna Beach’s guard-gated Irvine Cove enclave, featuring unmatched views spanning nearly 300°.
See below for more info.

Whether you are in the market to sell or to buy, for an ultra-luxury oceanfront estate or a cozy suburban retreat, there is opportunity for everyone. But you have to be fast to make it happen.

If you’re interested in making a change to your living arrangements, or if you have a question about the market, please don’t hesitate to reach out. We’re happy to help.

Talk soon,
Andy Stavros

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2675 Riviera Dr
Laguna Beach

6 BD | 9 BA | 13,000 SQ FT
Offered at $60,000,000

4601 Tremont Ln
Corona Del Mar

5 BD | 7 BA | 8,401 SQ FT
Offered at $13,995,000

Video Tour

989 Cliff Dr
Laguna Beach

5 BD | 5 BA | 4,041 SQ FT
Offered at $13,995,000

Video Tour

616 Bolsana Dr
Laguna Beach

4 BD | 3 BA | 4,263 SQ FT
Offered at $2,895,000

1639 Eleanor Ln
Laguna Beach

Over 12,000 sq ft lot
Reduced to $3,495,000

32 N La Senda Dr
Laguna Beach

4 BD | 5.5 BA | 5,144 SQ FT
Offered at $17,995,000

2442 S Coast Hwy
Laguna Beach

16 BD | 14 BA | 8,991 SQ FT
Offered at $8,985,000

3312 Marcus Ave
Newport Beach

3 BD | 3.5 BA | 3,000 SQ FT
Offered at $3,495,000

2430 Monaco Dr
Laguna Beach

4 BD | 5 BA | 4,158 SQ FT
Offered at $8,350,000

5 Entonar Rd
Rancho Mission Viejo

4 BD | 3.5 BA | 3,255 SQ FT
Sold for $1,325,000