Orange County Real Estate Trends (Rialto, Laguna Niguel: sale, home sales, buying)

[New Englander]

Originally Posted by Electrician4you

I think it’s just reaching a plateau. Riverside/Chino area is booming. My neighbor just put his place up and it went pending in three days

Wow, real estate is truly hyperlocal. I'm guessing that the houses are selling faster in Inland Empire due to lower entry point.

[kishac]

I'm not an owner so take it FWIW, but the market does seem to have slowed down in my area (north OC). I'm guessing the higher rates (almost 5%) from late 2018 put a damper on things. Now that mortgage rates are sub-4% again, I wouldn't be surprised if sales start picking up soon.

[Electrician4you]

Originally Posted by New Englander

Wow, real estate is truly hyperlocal. I'm guessing that the houses are selling faster in Inland Empire due to lower entry point.

It’s gone up here tremendously. I bought three years ago. I could sell right now easily for 675/725k.. I bought at 525k. Granted I just remodeled the kitchen, yard etc but even if I didn’t I would still be able to sell for 650 with no remodels.

They are building a huge housing/shopping tract off of Eastvale. Lots of houses being built. Developers everywhere.

https://www.eastvaleca.gov/home/showdocument?id=4131

[Vic Romano]

Originally Posted by New Englander

I came across the following article in the Register: https://www.ocregister.com/2019/08/1...iggest-losers/

I don't really like the gimmicky headlines of calling entire Counties/areas "Losers," however I do expect the torrid pace of price increases to eventually slow down, which may or may not be happening in Orange County.

I would like to get your opinions on where things are headed in OC, in particular, South OC/Beach Cities.

Planning a trip in the next few weeks and will be looking at condos.

How long do you plan to stay there? If your answer is at least 12-15 years, it doesn't matter.

[New Englander]

Originally Posted by kishac

I'm not an owner so take it FWIW, but the market does seem to have slowed down in my area (north OC). I'm guessing the higher rates (almost 5%) from late 2018 put a damper on things. Now that mortgage rates are sub-4% again, I wouldn't be surprised if sales start picking up soon.

All opinions are valued from my perspective, I am based in Boston so you would definitely know more about what is going on the ground level. Definitely appreciate it.

[New Englander]

Originally Posted by Electrician4you

It’s gone up here tremendously. I bought three years ago. I could sell right now easily for 675/725k.. I bought at 525k. Granted I just remodeled the kitchen, yard etc but even if I didn’t I would still be able to sell for 650 with no remodels.

They are building a huge housing/shopping tract off of Eastvale. Lots of houses being built. Developers everywhere.

https://www.eastvaleca.gov/home/showdocument?id=4131

That's amazing. Since I'm not local, I had written off IE when I was looking at CA. I was thinking of Coastal CA or else I am better off in Scottsdale, AZ. Perhaps I have been too hasty in the decision? I don't mean to turn this into a Scottsdale vs. IE discussion, but it seems like the entry point/value for the money (for a condo/townhouse) is better in Scottsdale yet appreciation seems to kicking up in Inland Empire.

I recently went through a liquidity event and would like to split time between New England and ideally coastal CA or Scottsdale (in the winters) while I set up my next business.

[pacific2]

Originally Posted by New Englander

All opinions are valued from my perspective, I am based in Boston so you would definitely know more about what is going on the ground level. Definitely appreciate it.

I live in South County, and have noticed that homes are staying on the market a bit longer. The market here is cyclical with an overall upward trajectory. So, I wouldn't be too concerned if I were you and decided to buy and stay for the long-term.

[New Englander]

Originally Posted by Vic Romano

How long do you plan to stay there? If your answer is at least 12-15 years, it doesn't matter.

It would be hard to say as this would be a second home. While I have visited Orange County numerous times, I have never lived there, the lifestyle seems to be great but I am always on "vacation mode" which is very different than being a resident, even if it's a part time resident in my case.

[New Englander]

Originally Posted by pacific2

I live in South County, and have noticed that homes are staying on the market a bit longer. The market here is cyclical with an overall upward trajectory. So, I wouldn't be too concerned if I were you and decided to buy and stay for the long-term.

Does the lack of market action apply for condos and townhomes? Or just SFRs.

I'm still sorting through the longer term plans.

[Finper]

Originally Posted by New Englander

Does the lack of market action apply for condos and townhomes? Or just SFRs.

I'm still sorting through the longer term plans.

I live in a condo in Orange (north oc). The 2 condos that went up for sale in the last month sold within a week. The price for the condos have been stagnant for the last year but they are still selling fast.


If I were you I'd buy in Scottsdale. It's a lot nicer then IE less smog, less traffic, less homeless, less crazy libs, There is a lot of people fed up with CA and heading out to surrounding states with AZ being one of the big ones. I can only see real estate prices going up there. Next year I'm cashing out on CA and moving to Phoenix.