Experience You Can Trust

Ron Buck, Realtor, Says Home Buyers Do NOT Take a Holiday Break!

Ron Buck, Realtor, Says Home Buyers Do NOT Take a Holiday Break!

Ron Buck, Realtor®, knows that Laguna Niguel home buyers have been as active as ever in the month of December. While the average family was celebrating, partying and visiting family, Ron Buck, Laguna Niguel Realtor, reveals that home buyers have managed to close escrow on 84 homes. Considering that there are only 90 homes for sale as of 12/29 this is quite a feat. Home buyers tell Ron Buck, Realtor, that they still want to take advantage of the low interest rates and get a property before the prices rebound even more. It is still true that 33% of all home sales in Orange County are ALL CASH. These folks could be investors, retirees or first time buyers that are being financed by parents. Ron Buck, Realtor, got a call today from a frustrated Realtor who said that she has made 15 offers on properties for her 20%-down home buyer and has not been able to secure a property due to multiple offers and cash buyers. Right before Christmas Ron Buck, Realtor, put a small detached home on the market for $475K and in three days got two written cash offers and another verbal. Attached properties: Currently 24 active and only 3 of these are distressed properties. There are a total of 84 properties in backup or pending status and 34 have closed so far this month. No wonder it is so difficult to get into escrow on a condo. Also considering that some of the properties are overpriced, Ron Buck, Realtor, says there is only about two weeks supply. Detached properties: Currently there are 66 active detached properties...

Laguna Niguel Real Estate – What a Change!

Home Sales in Laguna Niguel remain strong throughout 2012, says Ron Buck, Realtor®. Ever since the national pundits called the bottom of the market early this year, Ron Buck, Realtor, has seen buyers coming out of the proverbial woodwork. Currently in Laguna Niguel, Ron Buck, Laguna Niguel Realtor, reveals that there are only 99 active listings of ALL price ranges. Three of those are bank-owned REO properties and 14 are short sales. Total distressed property inventory is 17% of the Laguna Niguel market. Ron Buck, Aliso Viejo and Laguna Niguel Realtor, put a new listing on the market Saturday in Laguna Niguel in the mid $700’s. In a four hour open house Ron Buck had 12 Realtors with clients show the property and another dozen or so families without Realtors. Today there are only four condos under $300,000 and 41 detached homes under $1 million. As of December 1st there are 198 homes in backup or pending status. Twice as many in escrow as active. As I have said before, this time of year can work out well for sellers. Buyers in Laguna Niguel have been asking me for four years about the “shadow inventory”. What about that? It is Ron Buck’s expert opinion that if the inventory were to quadruple in January there would be enough pent-up demand to absorb all of the new inventory. Ron Buck, Rancho Niguel and San Joachin Hills Reator, has heard now from more than one buyer that the “flippers” are driving up the market in an unethical or malicious way. This of course is not true. Buyers are in control and if...