Even in an area known for its spectacular architecture and natural beauty, the iconic “Rock House” on Laguna Beach is in a class of its own. Widely considered one of the most recognizable, notable, and desirable homes in Laguna Beach, this is a true masterpiece of architectural art from designer Brion Jeannette. Continue reading “One of The Most Iconic Properties in Laguna Beach, Now Available from Top California Real Estate Firm Stanfield”
The housing bubble is a phenomenon where home prices rise to the point where buyers are no longer able to purchase them and the increasing demand suddenly drops, which results in a market crash. With prices rising for Orange County real estate and buyer income staying relatively the same, could we experience this bubble bursting?
Lack of Supply
The biggest influence in the housing market is how many homes are available. When there are a lot of homes for sale and a limited number of buyers, home prices tend to be lower. However, in Orange County, homeowners are holding on to their homes longer, reducing the housing supply. This in turn drives prices up as buyers compete for the best homes.
Rising Prices Amid a Cooling Economy
A market imbalance occurs when home prices exceed buyer capabilities. While Orange County may have a low unemployment rate, the higher cost of living coupled with higher home prices, make it difficult for new workers or businesses to settle into the area. When wages fail to keep up with the higher prices and living costs, fewer individuals are able to purchase a home in the area.
The Wage Gap
One issue that is greatly affecting Orange County real estate is the increasing gap between what buyers can afford and what sellers are asking for. The long-standing housing shortage, coupled with the high demand, naturally causes prices to increase, however, more and more potential buyers are finding the cost too high and are foregoing homeownership for the time being, reducing the demand.
Evidence suggests that we are at the end of a long economic expansion and if prices continue to climb while income stagnates and buyer demand decreases, we could see the housing bubble burst before too long. It is hard to predict if this will happen slowly over time or suddenly with little to no warning. Either way, the market is likely to balance itself in the coming months or years.
What This Could Mean
Prices on homes in the area have slowly gone up since the last market crash in the early 2000’s. If they continue to outpace the buyer’s ability, however, sellers could see a drastic decrease in offers and selling price. This will either result in less buyers or more sellers, and both can cause prices to drop as demand becomes more in line with the supply.
What Buyers and Sellers Should Do
Orange County Real Estate is in a constant state of flux, influenced by many aspects of the community and country, and can be very difficult to predict. If you are considering buying or selling your home in the Orange County area, you should speak with a real estate professional. He or she will be able to help you understand the current market and how that will affect your goals and home buying experience.
For more information on selling your home in the Orange County area, please contact the team at Stanfield Real Estate today.
Deciding to sell their home is a major choice for many homeowners, one that should not be made lightly. Selling real estate in Orange County can be complicated and confusing, especially if done without the help of a real estate professional, such as those here at Stanfield Real Estate. Before you decide to put your home on the market, consider these five things. Continue reading “5 Things to Consider Before Putting Your Orange County Home on the Real Estate Market”
By reviewing the latest data from the industry, home sellers can find qualified real estate professionals within their region. In states such as California, there are many qualified real estate firms ready to support sellers in achieving maximum market visibility and higher sales values. Stanfield Real Estate is continually recognized as a leading specialist in the local California marketplace, and in 2016, it was honored as one of the top real estate teams not only in the State, but also in the entire country in the Wall Street Journal/REAL Trends rankings.
Rankings Highlight the Company’s Value
The prestigious ranking in California highlights Stanfield Real Estate’s understanding of the local real estate marketplace and the team’s commitment to helping sellers across the state bring their home to varied audiences. Each member of their team brings a unique skillset to the group table and is able to support our growing brand in meeting the demands of sellers throughout the region.
A Growing Brand Name
The Top 10 Real Estate Teams position in the U.S. in the Wall Street Journal/REAL Trends rankings also shows that Stanfield Real Estate is becoming a known leader in the national marketplace. The company has proven its commitment to guiding sellers across the country to connect with buyers wanting to purchase local luxury homes in desirable areas. One of the leading reasons so many sellers now turn to the trusted team at Stanfield Real Estate is that its members understand the challenges faced in the marketplace, and they can help resolve those challenges while presenting property sales and marketing services unavailable to sellers represented by other firms.
A History of Success
Across California, sellers have come to depend on Stanfield Real Estate’s team for delivering unprecedented knowledge on the local marketplace and on real estate regulations. Buyers, both U.S-based and those based internationally, now work with Stanfield Real Estate to buy luxury properties built for discerning homeowners. And this means sellers have a direct connection to a thriving marketplace, ready for a streamlined and successful sale.
The client-focused services offered through Stanfield Real Estate continue to help the company grow and reach new marketplaces both nationally and worldwide, while its recognition in the Wall Street Journal highlights the level of business their skilled team completes.
Stanfield Real Estate
As one of California’s and the nation’s top real estate teams, Stanfield Real Estate is available now to guide sellers on the team’s services and to help those discerning clients complete home sales according to Stanfield’s unique pricing parameters and timelines. To discover more on our company and services, contact the team directly now. A qualified specialist will be in touch with you shortly.
Clients turn to Stanfield when they want the best in properties for investment or to provide an exceptional home for their own families. Widely recognized as the foremost Laguna Beach realtor, Stanfield properties combine the utmost in luxury with properties that offer the potential for superior future returns. Continue reading “Top Laguna Beach Realtor Stanfield Highlights: 165 Emerald Bay, Laguna Beach”
Stanfield is widely recognized as a top Huntington Beach real estate agency, and dedicated to offering only the very best in luxury residential and investment properties to our clients. Orange County is a magnet for those who seek opulent homes in which to raise a family, while offering stable investments. Stanfield is here to see each client placed in the perfect home for both their personal and financial needs. Continue reading “3322 Easter Circle: A Dream Home from Top Huntington Beach Real Estate Agent Stanfield”
MADISON, N.J. (June 23, 2017) – Sotheby’s International Realty Affiliates LLC today announced that the Sotheby’s International Realty® brand was the No. 1 real estate brand represented in two of the six categories that comprise the 2017 REAL Trends/The Wall Street Journal “The Thousand” for the second year in a row. The annual report ranks America’s top 1,000 residential real estate agents and teams based on 2016 annual sales volume and transaction sides, and the top 50 agents and top 50 teams on average sales price—making it a ranking of the top 1,100 nationwide. Continue reading “Sotheby’s International Realty Brand Tops Individual Sales Volume Category in REAL Trends/The Wall Street Journal Report for Second Year in a Row”
In working with clients across the region and helping them achieve their real estate objectives, our team at Stanfield Real Estate is proud to receive commendations for our work. Our unending drive and commitment to our clients is highlighted by the results we’ve achieved over our decades at the forefront of the real estate industry. Client feedback helps guide us within our work, and instructs our team to the level of performance we continue to provide. Within this latest post, we’d like to highlight comments from a satisfied client of Stanfield Real Estate: Continue reading “Client Testimonial Highlights Stanfield Real Estate’s Service Value”
In working with clients to help them achieve value in the marketplace, our team at Stanfield Real Estate maintains a finger on the pulse of the U.S. economy. We review the fluctuations taking place and work to position our clients and firm optimally to move forward as conditions evolve. The latest data points to a U.S. economy going from strength-to-strength in 2017, and within this latest post, we’ll provide an overview on recent developments and look at the future prospects based on industry data. Continue reading “Real Estate Trends: The Strength in the 2017 U.S. Economy”
The latest industry data shows that those selling real estate in Orange County should put their home up for sale between April 16 and April 30 to reduce their time on the market by as much as 15 days. The data also shows that listing a home for sale in Orange County during these dates can improve the sales price by as much as 1%. This means it’s coming up to the ideal time for selling real estate in Orange County for all types of owner. Within this article, we’ll highlight the importance of timing when selling Orange County real estate. Continue reading “The Importance of Timing when Selling Real Estate in Orange County”