Weekly Wednesday Orange County Foreclosures And Short Sales Market Update November 10, 2010

Here’s a look at the inventory in Costa Mesa, Newport Beach, Huntington Beach, and Laguna Beach.

Below is a look at the number of homes identified in the MLS as being ‘in the foreclosure process,’ ‘short sale offer submitted,’ ’short sale/subject to lender approval,’ ‘notice of default,’ ‘REO/Lender-owned,’ or ‘REO Offer(s) submitted.’  These homes are currently either active listings, accepting backup offers or pending sales. 

Credit jscreationzs

 Costa Mesa:

158 total homes listed as in the above categories 

Huntington Beach:

379 total homes listed as in the above categories

Newport Beach:

139 total homes listed as in the above categories

Laguna Beach:

59 total homes listed as in the above categories

Please note that these numbers only reflect what is reported in the SoCal Multiple Listing Service. We will continue to follow the numbers and share the changes in the local Orange County real estate market. Please comment or email us at shortsales@torellirealty.com if you’d like additional information.

See some of our short sale listings here.

About Torelli Realty: Torelli Realty  has been servicing the Orange County real estate market for over 25 years. The company is located in Mesa Verde Costa Mesa and has 100% success with short sales. Feel free to contact Torelli Realty for a consultation and for all your Orange County real estate needs.

WEBSITE
SHORT SALE WEBSITE
ORANGE COUNTY SHORT SALES INFORMATION ON FACEBOOK –  TWITTER  – FACEBOOK – COMPANY BLOG – 365 THINGS TO DO IN COSTA MESA FACEBOOK PAGE

Company License #: 00878443 – Valerie Torelli License #: 00668297

Torelli Realty Moves to New Office

We’re finally in our new home! The finishing touches are still being put in place and we couldn’t be happier in our new space at 1700 Adams Ave., #110, Costa Mesa, CA 92626. Please come by for a cup of coffee anytime!

Welcome to our lobby!

Our office floor

About Torelli Realty: Torelli Realty is proud to represent Costa Mesa real estate. We’ve been meeting the needs of Costa Mesa home buyers & sellers since 1984. Torelli Realty deals with Costa Mesa homes, Costa Mesa apartments, Costa Mesa rentals, Costa Mesa property management, and offers home improvement and home staging tips to help your home’s value throughout Costa Mesa and in Mesa Verde. We also have an expert on staff, Holly Schwartz, who came to us as a producer from Home and Garden Television (HGTV) and extensively studied the most effective home staging techniques, as well as home values and markets locally and nationally. Torelli Realty is also an expert in Costa Mesa short sales and Orange County short sales. Feel free to contact Torelli Realty for a consultation and for all your real estate needs.

WEBSITE
SHORT SALE WEBSITE
TWITTER  – FACEBOOK – COMPANY BLOG – 365 Things to do in Costa Mesa Blog

Company License #: 00878443 – Valerie Torelli License #: 00668297

Newport Beach Dream Home On The Way

Newport Beach real estate is something many people dream about. Well earlier this year this Newport Beach home was the furthest thing from a dream home. This two-story had been condemned and was in horrible condition.

BEFORE

Luckily, change was on the horizon for this house – along with a beautiful ocean view!

A buyer with true vision saw the potential in this property and decided to tackle the immense task of a total gut job in hopes of reselling it to a family who can truly make the most of this property. Currently everything is being remodeled inside and out, down to the studs. All the internal systems – from the plumbing and electrictrical, heating, security system, and tankless water heater are going to be brand new. The home’s interior is being lovingly remodeled with all new top of the line cabinets, Kohler fixtures, and of course a flat screen T.V. Since the house was in total disrepair even the items like windows and doors have to be brought in.  To make this home an enjoyable retreat, special features like a whole house sound system and  an outdoor fireplace and being incorporated. Elements like this promise to make this home a place where the indoor/outdoor lifestyle here in Southern California can be embraced.

There is so much potential in this home. It’s location is prime and one of the basic forces in real estate is location, location, location. What makes this location so desirable? There are peek-a-boo ocean views from the second floor and a lovely greenbelt behind the home. Plus, this house is situated close to schools and parks.  Ocean views and breezes, prime location – this home really provides a fantastic opportunity. We’re pleased that the home is getting a tender loving touch and are eager to see who ends up scooping up this amazing deal once the remodel is complete.

For more information on this Newport Beach home, please email us at info@torellirealty.com and refer to Newport Beach Major Makeover.

Related Posts:

Major Home Makeover – Part 1 (See video of the progrss here!)

About Torelli Realty: Torelli Realty is proud to represent Costa Mesa real estate. We’ve been meeting the needs of Costa Mesa home buyers & sellers since 1984. Torelli Realty deals with Costa Mesa homes, Costa Mesa apartments, Costa Mesa rentals, Costa Mesa property management, and offers home improvement and home staging tips to help your home’s value throughout Costa Mesa and in Mesa Verde. We also have an expert on staff, Holly Schwartz, who came to us as a producer from Home and Garden Television (HGTV) and extensively studied the most effective home staging techniques, as well as home values and markets locally and nationally. Torelli Realty is also an expert in Costa Mesa short sales and Orange County short sales. Feel free to contact Torelli Realty for a consultation and for all your real estate needs. 

WEBSITE
SHORT SALE WEBSITE
TWITTER  – FACEBOOK – COMPANY BLOG – 365 THINGS TO DO IN COSTA MESA 

Company License #: 00878443 

Valerie Torelli License #: 00668297 

  

Hello? I’m Looking For A Real Estate Agent…

How do you say “Hello?”

Looking for a real estate agent, or any type of service provider, can be a scary task for many reasons. Some people are intimidated by the phone. Will the person who answers be nice? Will they have the answers you need? Will you know the right questions to ask?

Some people don’t like e-mail. Will you get spam forever? How can you tell if the service provider is genuine? Is your e-mail being answered by the person you think it is?

For some people time is of the essence. They don’t have time to make a phone call only to wait on hold. Others don’t have easy access to e-mail.

The times are changing

Luckily, the times are changing. Communication is able to happen more rapidly than ever before. There are multiple mediums available to make a point on contact and continue a conversation.

“Real” People Answer the Phone

For instance, when you call our office you will always get a ‘real’ person. We don’t do voicemail or answering machines.

E-mail works

We monitor our e-mails closely and make a commitment to respond quickly with the information you need.

Cell access

All of our agents have cell phones are are easily accessible. When they are in appointments they make sure to return calls once they are free.

Catching the texting bug

More and more of our clients have caught the texting bug. If you want to text, go for it! We understand that not every question warrants a phone call or email.

Facebook & Twitter

Many of our clients have been connecting with us through Facebook, Twitter , LinkedIn and Youtube. Actually, the people we interact with through these channels are not always clients. They may be someone in the community who has a question pertaining to real estate, home improvement, or a local event. Since Costa Mesa is our home we usually know what’s going on and if we don’t we make an effort to get people the information they need.

Technology is changing the way we communicate and we are excited to interact with clients in whatever manner that suits them best.

What channel do you prefer?

About Torelli Realty: Torelli Realty is proud to represent Costa Mesa real estate. We’ve been meeting the needs of Costa Mesa home buyers & sellers since 1984. Torelli Realty deals with Costa Mesa homes, Costa Mesa apartments, Costa Mesa rentals, Costa Mesa property management, and offers home improvement and home staging tips to help your home’s value throughout Costa Mesa and in Mesa Verde. We also have an expert on staff, Holly Schwartz, who came to us as a producer from Home and Garden Television (HGTV) and extensively studied the most effective home staging techniques, as well as home values and markets locally and nationally. Torelli Realty is also an expert in Costa Mesa short sales and Orange County short sales. Feel free to contact Torelli Realty for a consultation and for all your real estate needs. 

WEBSITE
SHORT SALE WEBSITE
TWITTER  – FACEBOOK – COMPANY BLOG – 365 THINGS TO DO IN COSTA MESA 

Company License #: 00878443  Valerie Torelli License #: 00668297

Costa Mesa Real Estate – Friday Roundup

There’s a lot going on in the Costa Mesa real estate market. Here’s a local summary based on what is reported in the MLS  as being ‘active,’ ‘backup offers,’ or ‘pending sale,’ cirrent as of 9/24/2010.

There are currently 248 homes for sale in Costa Mesa, CA.

Photo by renjith krishnan

The average home on the market has approx. 3 bedrooms and 2.5 baths. Average square footage is 1709 sq. ft. Average list price is $592,048. And the average days on market is 84 days, or just under 3 months.

Breaking it down by zip code

In Costa Mesa, 92626: 106 homes for sale. The average home on the market has approx. 4 bedrooms and 2.5 baths. Average square footage is 1889 sq. ft. Average list price is $588,236. And the average days on market is 88 days, or just under 3 months.

In Costa Mesa, 92627: 141 homes for sale. The average home on the market has approx. 3 bedrooms and 2.5 baths. Average square footage is 1577 sq. ft. Average list price is $595,989. And the average days on market is 80 days, or just under 3 months.

New homes for sale this week

So far this week 17 new homes have hit the real estate market. The average price for homes listed this week is $584,911.

Please contact us at info@torellirealty.com if you would like to know more about the value of your home, real estate for sale, or market conditions. We’re happy to help.

About Torelli Realty: Torelli Realty is proud to represent Costa Mesa real estate. We’ve been meeting the needs of Costa Mesa home buyers & sellers since 1984. Torelli Realty deals with Costa Mesa homes, Costa Mesa apartments, Costa Mesa rentals, Costa Mesa property management, and offers home improvement and home staging tips to help your home’s value throughout Costa Mesa and in Mesa Verde. We also have an expert on staff, Holly Schwartz, who came to us as a producer from Home and Garden Television (HGTV) and extensively studied the most effective home staging techniques, as well as home values and markets locally and nationally. Torelli Realty is also an expert in Costa Mesa short sales and Orange County short sales. Feel free to contact Torelli Realty for a consultation and for all your real estate needs. 

WEBSITE
SHORT SALE WEBSITE
TWITTER  – FACEBOOK – COMPANY BLOG – 365 THINGS TO DO IN COSTA MESA 

Company License #: 00878443  Valerie Torelli License #: 00668297