Living In Orange County California

06/12/2025

NEW LISTING IN NORCO.
GREAT HORSE PROPERTY ON OVER .5 ACRES FEATURING 2,400 sq. ft. WITH 3 BEDS/2 BATHS!

Listed at $985,000!

DM me for more details and a link to the property website!

10/24/2024

I just secured a new listing in Aliso Viejo!
This beautiful home features 4 bedrooms, 3 car garage and 2,218 sq.ft.

Initial Showing Dates:
Saturday, October 26th and Sunday, October 27th.

Time: 1PM to 3PM both days

Reach out directly or via DM for more details.

10/24/2024

I just secured a new listing in Aliso Viejo!
This beautiful home features 4 bedrooms, 3 car garage and 2,218 sq.ft.

Just steps away from one of the most popular Wildnerness parks in Southern California-Aliso and Woods Canyons Wilderness Park.

Copy and paste https://tourfactory.tf.media/8-coffeeberry for more details or reach out to me directly or via DM.

12/19/2023

Governor Newsom is at it again here in California.

Starting next year, new housing laws impacting landlords of residential properties will be in full swing.

Newsom has given the green light on tenants receiving more benefits if renting a residential property in California.

Starting in July, security deposits can not exceed one month's rent, that is a change from the previous allowance of several month's rent upfront. Evicting tenants based on calls to law enforcement for suspected criminal activity or alleged nuisance activity will now be illegal.

In April, landlords will face a tougher time evicting tenants for family reasons, so no more evictions because the owner or a family member wants to move into the property. The family will have to move in within 90 days of giving notice to the tenant and live in the property for at leas 12 months.

Just another reason why owning a residential rental property in California is not a great idea, in my humble and professional opinion. There are safer investments for rentals outside California, where laws are more "LANDLORD FRIENDLY".

California rental laws are very much in place to protect the tenants, and this also goes for short terms rentals, renting a room, etc.

Look outside California for buy-hold real estate and save yourself the headache of being a landlord in California.

If you ever look to purchase outside of California, send me a message and I can help align you with my large network of agents across the country.

08/22/2023

ENTRY LEVEL HOME PRICES HAVE CHANGED IN ORANGE COUNTY, CALIFORNIA!

Inflation has impacted everything today, which includes housing.
From 2019, pre-pandemic, to today, a loaf of bread has increased 55%. Milk has risen by 31%. Ground beef by 34% and potato chips, and a 2-liter sod have soared by 48%. Used cars are up 41%. A Big Mac was priced at $3.79 in 2019 compared to $5.17 today. While the inflation rate may be cooling, higher prices are here to stay, and housing is no exception.

According to Freddie Mac's Home Price Index, since the Summer of 2019, the Los Angeles/Orange County metro has increased by 40%. As home prices have climbed, what was once considered an entry-level home, is no more for buyers looking at homeownership.
In 2013, 48% of all closed sales were below $500,000, and 4,928 were detached. In 2019, only 23% were below $500,000, and 404 were detached. In 2023 through July, this number now reflects 9% were below $500,000 and only 23 were detached. If you are a buyer in this market looking to get a detached home in Orange County, CA for under $500,000, it's going to be very difficult, if not impossible.

The data shows a severe shortage of lower-range homes. In 2023 through July, 77% fewer homes were placed on the market below $500,000 and $750,000.

For 2023 through July, there have been 11,704 total sales in Orange County, CA, compared to a 3 year average (2017-2019) of 17,434.
Yes homes are still coming on the market, all be it at a slower pace, and yes homes are still selling, and yes for a higher price tag due to shortage of inventory. It's important to have 'realistic' expectations if you choose to enter the market at this time.

A home in my neighborhood just sold for $1.2M+ in one weekend and went for $30,000 over asking price with multiple offers. That is a true indication of what is happening, at least in my own backyard.
Every person's situation is different and unique when it comes to homeownership. Homeownership is not for everybody and in some cases, when crunching the numbers, it does not make sense for a person to buy a home. Renting is sometimes the better option, and there is nothing wrong with that.

If you ever have any questions and want to have a no-obligation conversation around the market, and how it pertains to your current situation, feel free to reach out via email to [email protected] or text me at 949.554.9110 to set up a time and jump on a call.

*Source: Orange County Housing Report, August 2023

05/13/2023

My buyers are very excited that their offer, among multiple offers, was accepted in this tough market!

Even with interest rates being double from a year ago, the low inventory is still fetching multiple offers!

Buyers still need to be competitive with their offers and it pays to have a good standing relationship with other agents in your market.

In this case, both of those scenarios mattered in getting our offer accepted over others!

DM me if you have any questions about the market and ask me about my first-time representation 15% rebate program!

05/11/2023

We are CLOSED!

Congratulations to my clients, Michael and Kaytlin, on the sell of their condo in Corona!

Thank you for trusting Petsche Real Estate Group in representing you on this transaction!

We are now moving on to find you your replacement property!! Let’s do this!!

03/27/2023

NEW LISTING IN CORONA FOR UNDER $500K

Beautiful move-in ready condo is ready for a new owner, and based on the price, you will not want to miss this one.

Whether you are looking for an investment rental to add to your portfolio or are a first-time home buyer looking for that first affordable home, this condo may be just what you are looking for.

Reach out to me directly at 949.554.9110 OR DM me for more details.

House photos, infographics, and listing agent details for 1340 Brentwood Circle Unit D, Corona, CA 92882. This home is priced at $410,000, with 2 beds, 2 baths, and 1,014 sqft.

03/27/2023

NEW LISTING IS NOW LIVE and AVAILABLE IN CORONA

I have just listed a beautiful move-in ready condo in Corona in the Oakview Condominium Community. The property was remodeled two years ago and is ready for that new owner to take over.

Click the link below for virtual tour, photos and details about the property and feel free to reach out to me with any questions you may have.

$410,000, 2 beds, 2 baths, 1014 sq ft - Contact Jeff Petsche, NextHome Solutions, 949-554-9110 for more information.

11/12/2022

Happy Veterans Day!

Our latest video is now live on our YouTube Channel.

I make it a point to get out in the community and check out events going on in Orange County, California, and today is no exception.

I attended an event going on at Irvine Regional Park and wanted to share it with all of you.

Click the link to check it out and don't forget to subscribe to our YouTube channel, and hit that bell icon, so you get notified of new videos we put out about Living In Orange County.

Finally, if you ever have any questions about living, moving or relocating to Orange County, California, do not hesitate to reach out by calling, texting or email us.

See you in the next video!

Jeff Petsche
Broker/Owner/Veteran
NextHome Solutions
Your "Real to Reel" Real Estate Broker!

Orange County, California, always has amazing events going on, and today is no exception!As a Veteran myself, I always make a point to get out on Veterans Da...