Archive for October, 2009

Coldwell Banker Orange County Exceeds Expectations

Saturday, October 31st, 2009

The results are in. The first three quarters of 2009 for Corona del Mar, Dana Point, Laguna Beach, Newport Beach, Newport Coast and San Clemente, have clearly shown that our Coldwell Banker NRT offices exceeded expectations in closed volume as noted in this graph. Market share can be quantified in many ways, but total volume cannot be adjusted. Despite their claims, neither First Team, Prudential, Surterre nor Star can meet the pure sales dollar volume that Coldwell Banker has established.

The fact remains that Coldwell Banker’s combined sales effort is more effective than the local boutiques in selling high end coastal properties. Our saturation marketing is far superior in View magazine than any other form of advertising allowing many more consumers to visit our Web sites and inquire about our properties therefore resulting in closed transactions.

Congratulations to our sales associates for their passion and effort in maintaining our number one position as the market leader in coastal real estate.

And, thank you to our customers and clients for choosing our company.

Visit www.OCViewOnline.com today and find your next home. Contact your local Coldwell Banker Orange County office today and a Coldwell Banker real estate professional will be happy to help you find the perfect place to call your own.

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Consumer Confidence Key for Real Estate Market

Saturday, October 24th, 2009

It may be too early to suggest that the housing market is in recovery, but here in Orange County we continue to see positive signs pointing to an upswing for our local real estate market. For example, a recent Data Quick report states that Orange County experienced “a .2 percent year-over-year increase in its resale house median last month and was also the first for any month since August 2007”1.

Consumers are regaining confidence in the market as investors and first time home buyers are buying property at such a rate that inventory in the first three quarters of 2009 has dropped 42 percent year-over-year. Also, since April 2009 Orange County’s closed inventory has outpaced new listings for 6 months for the first time in two years and the remaining unsold inventory is at an all-time low.

Other positive signs for real estate are the low interest rates on many mortgage products2, the good news coming out of Wall Street3. We also believe that the stories of REO inventory coming will not satisfy the demand and that consumers will buy these properties up quickly.

Now may be the best time to buy as home prices and mortgage rates are still low. And, while the market will not be back to record levels soon, we are hopeful for a positive conclusion to 2009 and that 2010 will be a continuation of the good news that has come out in recent weeks. Don’t let this opportunity to buy pass you by. Check out our inventory on OCViewOnline.com and DesertViewOnline.com and use the latest in mapping technology to find your next home, second home or vacation property.

1 Southern California home sales inch up; median price steady by DataQuick

http://www.dqnews.com/Articles/2009/News/California/Southern-CA/RRSCA091013.aspx

2 Rates halt decline, up this week by Holden Lewis, Bankrate.com

http://www.bankrate.com/finance/mortgages/rates-halt-decline-up-this-week.aspx

3 Dow Gains Nearly 100 Amid Earnings Optimism by Cindy Perman, CNBC

http://www.cnbc.com/id/33384674

 

 

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Coldwell Banker Continues to Forge Ahead

Saturday, October 17th, 2009

At a time when other brokerages are struggling just to remain open, Coldwell Banker continues to forge ahead with exciting and ambitious new developments. As Orange County’s premiere real estate brokerage, only Coldwell Banker has the strength and resources to provide the world-class real estate representation that you deserve.

This year we have opened a new office, launched our online magazine and launched the new OCViewOnline.com. I am proud to report that our Newport Beach Coast Highway office located in Corona del Mar has completed its renovation and is now open for business.

The completely remodeled facility is a true vision of the future of real estate. This office maximizes our ability to serve the needs of buyers and sellers and offers all the modern amenities essential to today’s real estate professionals. From relaxing, elegant meeting areas, multiple conference rooms, an entertainment room including a gourmet coffee bar, Wi-Fi access and comfortable atmosphere, this is the perfect place for agents and clients to relax when discussing their most valuable asset or personal real estate purchases. Not since we opened our Huntington Beach office this year, has a company expanded, while incorporating the latest technology and the culture of a community in one fabulous environment.

Please stop by and let one of our agents give you a tour of our completely remodeled office and show you how they and Coldwell Banker can help you sell or buy your next home. The office is located at 2121 East Coast Highway, Suite 120 in Corona del Mar. We look forward to seeing you.

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Desert Community Homes See Increase in Sales

Saturday, October 10th, 2009

Summer vacations have wrapped up and we are welcoming the transition into the fall season. It’s also the time to plan how you will spend your winter holiday.

The Coachella Valley communities of Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage and beyond are excellent locations for a second home with late fall and winter temperatures averaging in the 70s. The desert communities offer distinct California architecture, a multitude of recreation, entertainment and leisure opportunities and are surrounded by a dynamic desert landscape—all this just less than a few hours from Orange County.

According to MDA DataQuick, the Coachella Valley saw a 23.3% and 17.4% increase in sales during June and July, respectively1. In August, total recorded sales were slightly less than July, which indicates that the median price in the valley is stabilizing2. Entry level home prices are at record affordability and often rival that of rentals in the area.

For buyers who have been patiently waiting to purchase and invest, now is the key time to partner up with one of our experienced Coldwell Banker professionals to find your ultimate desert retreat. Affordability remains high, mortgage rates remain low and first-time buyers can utilize the $8,000 tax credit before November 30, 2009.

Visit http://OCViewOnline.com and www.DesertViewOnline.com to meet one of our dedicated REALTORS® and to search for fine coastal and desert properties.

1 “Valley housing market picking up” The Desert Sun September 3, 2009. http://www.mydesert.com/article/20090903/BUSINESS04/909020363/1043/business04/Valley+housing+market+picking+up

2 “Seesawing price a sign home sales market is stabilizing” The Desert Sun September 27, 2009. http://www.mydesert.com/article/20090927/BUSINESS04/909260363/1043/business04/Seesawing-price-a-sign-home-sales- market-is-stabilizing

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Support American Cancer Society’s “Relay for Life” this Weekend

Saturday, October 3rd, 2009

This column is usually dedicated to updating you about our passion: real estate. Today, we want to share with you another passion of ours … being involved with our communities and residents.

This weekend, an amazing event will take place in Lake Forest and thousands of communities throughout the world. The American Cancer Society’s “Relay For Life” represents the hope that those lost to cancer will never be forgotten, that those who face cancer will be supported and that one day cancer will be eliminated. “Relay For Life” is the American Cancer Society’s signature activity and is a 24-hour event in which teams are organized to take turns walking a track to raise much needed funds to fight cancer and raise awareness of cancer prevention and treatment.

The event brings together more than 3.5 million people and has raised over 2 billion dollars since first held in 1985. The event begins with a “Survivor’s Lap” in which cancer survivors take a victory lap around the track.

In 2004, I had been diagnosed with lung cancer, underwent chemo therapy and had one lung removed. During my hospital stay, I received a phone call from a friend and fellow REALTOR® telling me about the “Relay For Life,” to be held the following day. I was being released that day and told my friend I would love to stop by on my way home to walk my victory lap. My wife was not sure about this, but relented and drove us to the event. With some help, I got to the track and walked that lap. It is, to this day, one of the most memorable events of my life. The outpouring of support from the people that attend is overwhelming.

We all are affected by this disease in one way or another, whether it’s a friend, relative or ourselves, this disease has no boundaries. This year, millions more will be touched by cancer and it seems no one is exempt.

On behalf of all of us at Coldwell Banker, we want to thank all of the volunteers who freely give “personal time,” a very precious gift, to support this cause!

We would like to invite everyone to come by and walk a lap.

Rick Jenkins A Survivor For more information or to donate, please visit www.relayforlife.org or www.cancer.org.

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