Pyne's Castle In Laguna Beach For Sale

Yet another Laguna Beach Estate goes on the Market. The landmark beach estate know as the Pyne Castle has not been on the market for decades. Built in 1927 the estate sits on 2.2 acres of land and has 18,400 square feet of home. The castle sits on a hill in North Laguna Beach, which gives it views of the ocean and Catalina Island. It origionally had 62 rooms.




Today it is an appartment building for 16 families. Pyne built the home as his residence. He willed the castle to his housekeeper Marie Hannon in 1945 who left the property to the Christian Science Church upon her death. The church sold the property to its current owners.



The current price of the castle appartment is $15 million.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Sandra Bullock and Jesse James' Home Drops Price

The home of Jesse James and Sandra Bullock has drop it price from $6.75 million to $4.99 million. Now that is some serious price reduction. It is a two story home in Sunset Beach a corner lot has 4 bedrooms and 41/2 baths, media room, glass enclosed pool, three car garage,




I bloged about the home before but it is a quick drop of price for the home. I wish them well. I always hate to see a situation like this one happen.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Orange County Sales Are Increasing

I know we are all looking for information the we can trust that will be positive, like Orange County sales are increasing up over last year. It is true.  Sales are up. The prices have made a big adjustment down but the condo market is selling quickly, and so are homes.



It shows that the condo market in June was the bigest since June 2006. The federal tax credit has helped the market and it helps the condo more than the single family home sale. But look we have a market improvement.



The single family residences are also up 10.3 percent vs a year ago. Laguna Beach is going up at a rate of 16 percent in the same year. As prices get affordable in all areas the top beach areas will sell fast, as we are seeing in the data. The median price in Laguna Beach is down 29 percent in one year.



So if you are looking for some good news it is that deals are out there and the market knows it. People are buying because prices are low and the interest rates are real good. So it is not just that Orange County condo sales are 13% faster than a year ago, but the whole market is moving well.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Market Report for Mission Viejo Area

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.9 percent, for new homes it is up 23.0 percent and for resale condos even 0.0 percent. The sales volume is up for resale homes 4.6 percent and up 15.0 percent on condos and up 81.5 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 7.2 percent and the sales volume is up 60.9 percent.
• Mission Viejo Zip Code 92692 sales prices are down 10.2 percent and the sales volume is even 0.0 percent.
• Aliso Viejo sales prices are up 3.3 percent and the sales volume is up 35.3 percent. L
• Laguna Niguel sales prices are up 11.1 percent and the sales volume is up 9.5 percent.

Rancho Santa Margarita sales prices are down 13.4 percent and the sales volume is up 3.8 percent.

San Clemente Zip Code 92672 sales prices are down 7.5 percent and the sales volume is up 44.1 percent.

San Clemente Zip Code 92673 sales prices are down 9.1 percent and the sales volume is down 6.1 percent

If you are considering selling your home we are interested in helping you sell it Tim Lorenz. If you do not know what to do because you are behind in your mortgage and want some help Call Us we will sit down with you and explain the process.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Orange County Shows that Short Sales are on the Rise

In Orange County one in four sales is a short sale which shows they are on the rise.
It is interesting to note that in Orange County one in four sales in May was a short sale. That means that the home sold for less than the amount owed and the bank accepted the sales as satisfying the loan.

The homes that were seized by the lenders in foreclosure amounted to 13 percent of the homes sold in May.

The trend shows that lenders have been getting more aggressive about approving homeowner in a short sale. Most homeowner do not realize that the sale does not cost them anything. Not even the commission. So the bank is paying the commission and taking less than what is owed on the property.

What we are seeing here in Orange county is a steady increase in the number of properties sold as short sales. In the Orange County area we had 672 short sales in May and that is the most ever recorded since the MLS has kept records.

The short sales were up 68 percent year over year.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Happy Fourth of July

Happy Fourth of July!
Take a moment to consider your country and who we are...Are you truly grateful for the freedoms and protections you enjoy as a citizen of this great country?

I am proud to be and American and I hope you are too. We are in the best country in the world with more freedom than most countries and in a business where we can be what we want to be.

How much better can it get.

I wish you a joyful Independence Day.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Mission Viejo Area Market Report

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 7.4 percent, for new homes it is up 18.2 percent and for resale condos up 4.0 percent. The sales volume is up for resale homes 6.2 percent and up 13.6 percent on condos and up 41.9 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 11.6 percent and the sales volume is up 23.1 percent.
• Mission Viejo Zip Code 92692 sales prices are up 12.0 percent and the sales volume is up 11.1 percent.
• Aliso Viejo sales prices are up 3.8 percent and the sales volume is up 33.3 percent.
• Laguna Niguel sales prices are up 13.7 percent and the sales volume is up 12.2 percent.
• Rancho Santa Margarita sales prices are down 7.0 percent and the sales volume is up 11.8 percent.
• San Clemente Zip Code 92672 sales prices are up 3.6 percent and the sales volume is up 27.8 percent.
• San Clemente Zip Code 92673 sales prices are down 4.3 percent and the sales volume is up 30.0 percent

If you are considering selling your home we are interested in helping you sell it Tim Lorenz. If you do not know what to do because you are behind in your mortgage and want some help Call Us we will sit down with you and explain the process.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!