Corona del Mar home listed for $49.6 Million

A Corona del Mar Mansion home was listed for $49.6 million.


The mansion Portabello a Corona del Mar 20,000 sf mansion is back on the market with a significantly reduced price listed at $49.6 million. The home sits on to of a bluff in Corona del Mar overlooking the ocean. The home has its own bowling alley, theater, soda bar, two pools, and an outdoor grotto.


Four years ago the home was on the market at $75 million dollars the home sits on 3 Corona del Mar lots and has over 325 feet of ocean front.


It is quite the home and I wish Jon McMonigle good luck selling this magnificant home.

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!

Real Estate Has Taken a Down Turn

Why has real estate taken a down turn????
Many have been asking and reporting on, "what is causing the current down turn in real estate". There is no doubt that the trend is down when considering the number of sales in the market place. The federal tax break did play a big part in the current trends in real estate.

It is common that when you stimulate the market with incentives we get people to make ta decision they may not have otherwise have made. Others make a decision to purchase a home due to the tax break a few months eariler than they would have comfortably done. So the buyers are pushed eariler in the year than would have been usual.

Therefore the number of homes sold have dropped nationally by 5.1 percent. In California, last month's house sales decreased by 11 percent. Since there are fewer buyers now that they moved up their time frame and purchased eariler in the year.

In California the good news is that year over year we are still ahead of 2009. Lets hope the buyers that are out there now are purchasing on the great interest rates and the great low costs of homes.

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!

Area Market Report for Mission Viejo

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.8 percent, for new homes it is up 23.6 percent and for resale condos down 2.0 percent. The sales volume is up for resale homes 1.9 percent and up 7.4 percent on condos and up 122.3 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 6.2 percent and the sales volume is up 88.1 percent.
• Mission Viejo Zip Code 92692 sales prices are up 4.7 percent and the sales volume is up 13.8 percent.
• Aliso Viejo sales prices are up 9.7 percent and the sales volume is up 19.6 percent.
• Laguna Niguel sales prices are up 19.4 percent and the sales volume is up 1.0 percent.
• Rancho Santa Margarita sales prices are down 11.3 percent and the sales volume is up 45.2 percent.
• San Clemente Zip Code 92672 sales prices are down 8.8 percent and the sales volume is even 0.0 percent.
• San Clemente Zip Code 92673 sales prices are down 3.4 percent and the sales volume is down 1.7 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!

La Tierra Update

La Tierra Market Update

La Tierra is a tract of homes that Mark Paulson and Tim Lorenz with Keller Williams Realty has worked in for over 7 years, as a specialist in the area; this home development will be reported on monthly so that you can get an accurate update and feeling of what is happening in this specific area of Rancho Santa Margarita, CA.

Active Listings

None

In Escrow Accepting Backup Offers

9   Telliz      3bd 2.50bath  1960sf  $539,999

41 Sendero  4bd 2.75bath  2261sf   599,000

Sold and Closed

26 Sendero 3bd2.50bath 2045sf $525,000 4/26/10

37 Sillero 3bd 2.50bath   2045sf 560,000  6/11/10

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!

Paragon Rancho Santa Margarita Update

Paragon - Rancho Santa Margarita - California

Market Update RSM

The Paragon is a tract of homes that Mark Paulson and Tim Lorenz with Keller Williams Realty have worked in for over 7 years, as a specialist in the area; this home development will be reported on monthly so that you can get an accurate update and feeling of what is happening in this specific area of Rancho Santa Margarita, CA

Active Listings

None

In Escrow Pending

33 Segada 4bd 2bath 3,027sf $839,000

Sold and Closed

6 Arado    4bd 4bath    3,240sf $800,000 3/25/10

27 Segada 5bd 4.5bath 3,290sf   839,900 4/16/10

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!

Serabrisa Rancho Santa Margarita

Serabrisa - Rancho Santa Margarita

This is a tract of homes that Tim Lorenz with Keller Williams Realty has worked in for over 7 years, as a specialist in the area; this home development will be reported on monthly so that you can get an accurate update and feeling of what is happening in this specific area of Rancho Santa Margarita, CA


Active


      165 Pasto Rico 2bd 2.5bath 1200 sf $269,900

      189 Pasto Rico 2bd 2 bath 1003 sf    294,900

      115 Pasto Rico 2bd 2 bath 1033 sf
290,900

      83 Pasto Rico 2bd 2 bath 1033 sf      299,900

    233 Pasto Rico 3bd 3 bath 1426 sf      325,000

     194 Pasto Rico 2bd 2 bath 1032 sf     299,900

      113 Pasto Rico 3bd 3  bath 1426 sf    289,900


In Escrow Taking Backup Offers


     133 Pasto Rico 2bd 2.5bath 1350 sf $264,560

      243 Pasto Rico 2bd 2.5bath 1200 sf  260,000

      110 Pasto Rico 3bd 3 bath 1426 sf    325,000

       20 Pasto Rico 2bd 2.5bath 1325 sf   270,000

      121 Pasto Rico 2bd 2.5bath 1033 sf   290,000


In Escrow Pending


       39 Pasto Rico 2bd 2.5bath 1033 sf   $250,000

Sold and Closed

      155 Pasto Rico 2bd 2 bath 1186 sf $279,000 5/16/10

      260 Pasto Rico 2bd 2 bath 1050 sf   290,000 5/18/10

      84 Pasto Rico 2bd 2.5bath 1200 sf   325,000 5/25/10

      286 Pasto Rico 2bd 2.5bath 1033 sf   316,000 5/28/10

      318 Pasto Rico 2bd 2.5bath 1150 sf   316,000 6/18/10

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 7.2 percent, for new homes it is up 37.3 percent and for resale condos down 4.5 percent. The sales volume is up for resale homes 9.2 percent and up 15.7 percent on condos and up 123.4 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 10.7 percent and the sales volume is up 68.9 percent.
• Mission Viejo Zip Code 92692 sales prices are down 3.0 percent and the sales volume is up 18.5 percent.
• Aliso Viejo sales prices are up 5.9 percent and the sales volume is up 24.7 percent.
• Laguna Niguel sales prices are up 14.6 percent and the sales volume is up 20.0 percent.
• Rancho Santa Margarita sales prices are down 14.5 percent and the sales volume is up 6.4 percent.
• San Clemente Zip Code 92672 sales prices are down 10.0 percent and the sales volume is up 14.3 percent.
• San Clemente Zip Code 92673 sales prices are down 4.2 percent and the sales volume is down 1.8 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!