Shelly Komer Jackier, Realtor

06/08/2020

YAY! THE MARKET IS HOTTER THAN LAST YEAR! SPRING MARKET RETURNING.

MARKET TIME DROPPING TO 74 DAYS. SLIGHT SELLERS MARKET.
REASONS:
1. Difficult Credit Qualification: more Seller equity due to larger downpayments
2. Steady home appreciation
3. Really low mortgage interest rates: more financing & refinancing
4. Demand increased 74% in past 4 weeks
5. Inventory still relatively low

COVID IS LOSING GRIP ON DEMAND: Off by only 23% as compared to 2019

ACTIVE INVENTORY: Increased 4% in past 2 weeks
DEMAND: Surged by 25%

HOMES IN DIFFERENT PRICE LEVELS:
1. Under $1 Million: HOT. Sellers pricing Fair Market Value & good condition. Multiple offers.
2. LUXURY MARKET: STRONGER Than Last Year. Demand up 40%, Inventory up 6%
A. $1.25-$1.5 Million: 129 to 98 days Estimated Market Time (EMT)
B. $1.5-$2 Million: 158 to 116 days EMT
C. $2-$4 Million: 368 to 258 days EMT
D. Above $4Million: 540 to 455 days EMT
3. Distressed Properties: 0.8% of listings, 0.9% of demand

SALES TO LIST PRICE: 98.3% of all Orange County. 93% of all closed sales. Sellers with 99.3% Equity!

Click the link for an overview of the OC Summary:

http://reportsonhousing.com/wp-content/uploads/2020/06/OC-Summary-Jun-BLR-20.doc

For a more complete OC report, please contact Shelly Komer Jackier by cell or email

05/11/2020

DEMAND AWAKENS DESPITE “STAY AT HOME” NOT LIFTED

1. DEMAND RISES: 9%. One reason: record low interest rates. Still regulations for viewing properties but other real estate activities done electronically.
BUT: DEMAND STILL MUTED: Off 56% compared to 2019. Demand outpacing supply: 54% fewer homes.

2. ACTIVE INVENTORY: 6% increase in past few weeks.
BUT: LOWEST LEVEL since 2013

3. GOOD NEWS: Estimated Market Time (EMT) starting to Decrease for all Orange County. BALANCED MARKET

4. PRICE RANGE OF HOMES & TYPE OF MARKET
A. $750,000 and under: SLIGHT SELLERS MARKET. Represents 37% of Inventory, 53% of Demand
B. $750,000-$1 Million: SLIGHT SELLERS MARKET. 19% of Inventory, 26% of Demand
C. $1 Million-$1.25 Million: BUYERS MARKET.
D. All homes above $1.25 Million: 33% of Inventory, only 14% of Demand

5. LUXURY HOMES OVERVIEW:
A. Demand up 12%. Inventory up 5%.
B. Estimated Market Time dropping for each level except: $2-$4 million

6. DISTRESSED PROPERTIES: 1% of listings, 1.6% of demand.

7. CLOSED RESIDENTIAL SALES: 5% more than in March.
A. Sales to List Price: 98% for all of Orange County
B. Seller Equity: 99.1% of all Sales

Click on the link below for all the statistics in the O.C. Summary:
http://reportsonhousing.com/wp-content/uploads/2020/05/OC-Summary-May-MOM-20.doc

For a complete O.C. update, please contact me, Shelly Komer Jackier by cell or email.

05/01/2020

FEWER “FOR SALE” SIGNS. WAY FEWER BUYER OFFERS. IMPACT OF COVID-19.
CORONA VIRUS CREATED A MAJOR IMPACT ON THE VELOCITY OF THE MARKET:
1. ACTIVE INVENTORY: UP 4%. FACT: 52% fewer than past 5 years
2. DEMAND: DOWN 32%.
3. EXPECTED MARKET TIME (EMT) for all O.C.:
SLIGHT SELLERS MARKET 79 to 121 days
A. Homes between $750,000-$1 million: BALANCED MARKET. 96 days
19% of Active Inventory, 29% of Demand
B. Homes between $1 million-$1.25 million: BUYERS MARKET. 185 days
C. Luxury Homes: $1.25-$1.5 million. 120 to 205 days
1. $1.5-$2 million 140 to 252 days
2. $2 million-$4 million 323 to 363 days
3. Above $4 million 903 to 1118 days
4. INVENTORY VS. DEMAND
A. Luxury end represents: 35% of inventory, 13% of demand
B. Distressed Homes: 0.9 of listings, 17% of demand
5. CLOSED RESIDENTIAL SALES IN MARCH: 17% increase compared to Feb. 2020
6. SALES TO LIST PRICE: 98.4% FOR ALL OF O.C. 91% of all sales are with equity.
Click on the link below for a more detailed summary:
http://reportsonhousing.com/wp-content/uploads/2020/04/OC-Summary-Apr-IRS-20.doc
For a complete OC Housing update, please contact me by phone or email!

03/29/2020

OC Housing Market "Cooling". Waiting for "Sunny" Days.
SHELLY’S PERSONAL REMARKS. We can all do our part for our own family and for others to stem the tide of the Corona Virus by strictly adhering to the CDC Guidelines and the directive by CA Gov. Newsom to “Shelter at Home” except for shopping for food and other essentials, social distancing and more.

Breathe the fresh air and take walks in less crowded areas to enjoy the beauty of nature around you. Discover new paths but previously were "too busy" to explore.

OC Housing Market is “Cooling” from a previous active and healthy market.

Many experts predict that it will NOT be like the 2008 Recession:

-Some key changes were instituted in lending as a result.
-Government Stimulus bill just passed by Congress to bridge the financial gap especially for those on the lower economic level, small business owners etc.
-No wave of foreclosures or short sales expected

Yes, the OC Market was the hottest since 2019. As the Corona Virus Pandemic is reduced, the market will begin to return!

STATISTICS:

DEMAND: DROPPED FROM 14% TO 7%, in the past 2 weeks. Many pending sales fell out of escrow.

EXPECTED MARKET TIME: INCREASED BY 8% FROM 48-52 days

MANY HOMES PLACED “ON HOLD” (DO NOT SHOW)

SURPRISE: STILL A SELLERS MARKET in several price ranges , especially homes under $750,000

LUXURY MARKET: COOLED CONSIDERABLY. Estimated market time varies depending on price

For a more complete O.C. Summary, click the link below:

http://reportsonhousing.com/wp-content/uploads/2020/03/OC-Summary-Mar-OMG-20.doc

If you are interested in the complete O.C. Housing Report. Please contact Shelly by email or cell.

03/17/2020

SHELLY’S OC HOUSING REPORT DURING THE “DAY OF THE GREEN”

ENJOY ST. PATRICKS AT HOME: Green bagels or beer & more. Definitely, a 4-leaf Clover for good luck!

MY CENTURY 21 AWARD office in RSM Virtual Office meeting: TUES. MARCH 17

BUYERS & SELLERS:
QUESTION: CONCERNED ABOUT WHAT TO DO DURING THE CORONAVIRUS PANDEMIC?

ANSWER: HOUSING MARKET IS ACTIVE. LISTINGS ARE BEING TAKEN, ESCROWS CLOSING, OPEN HOUSES TAKING PLACE (with some modifications). SERVICES ARE AVAILABLE: MORTGAGE, TITLE, ESCROW & MORE.

KEY ASPECTS OF THE MEETING:
1. INTIAL: VISIT SOME KEY HEALTH SITES FOR AN UPATE ON THE VIRUS: CDC.GOV (Center for Disease Control), CENTERFORHEALTHSECURITY.ORG (John Hopkins)
2. MORTGAGES:
A. Interest rate up a small amount from 3%
B. Yes, there is a recession likely down the road
C. Hopefully, the situation is relatively temporary
3. TITLE:
A. Business as usual and active
B. Recording offices are open
4. ESCROW:
A. No issue with openings or closings
B. One suggestion to Sellers with Solar Systems: Notify solar company even before closing about the proposed sale

03/04/2020

SHELLY’S OC HOUSING UPDATE: HOT, HOT HOUSING MARKET FOR 2020. WHY?

WHY? ULTRA LOW INTEREST RATES dramatically increase Buyers Purchasing Power.
Fact: Corona Virus has driven the rates lower over the past months.

Expected Market Time: Dropped to levels since 2013. Direct result of Supply & Demand.
Since January 1, 2020 inventory grew by 3%; Demand: 73%.

ADVICE TO BUYERS: Focus on your ability to pay, not on the sales price
ADVICE TO SELLERS: Don’t overprice. Still Fair Market Value to secure your highest sales price.

FACTS IN THE LAST 2 WEEKS:
1. Active Inventory: Increased by only 1%
2. Demand: Up 14%
3. Market Time: Decreased from 55-49 days
4. Luxury End: Homes above $1.25 million: 8% increase. Market Time (M.T): 63-77 days
5. Market time for Homes priced:
A. Below $750,000: Hottest market. 34% of inventory, 52% of demand/ M.T. 32 days
B. $750,000-$1 Million: Hot market. 17% of inventory, 23% demand/ M.T. 35 days
C. $1 Million-$1.5: M.T. Increased from 63 to 77 Days.
D. Luxury End: Above $1.25: 40% of inventory, only 16% demand.
E. Distressed Properties: 0.8% of all listings, 1.4% demand

CLOSED RESIDENTIAL SALES FROM JANUARY 1, 2020: 25% more than January 2019
1. Sales to List Price: 96.84%
2. 99% of all sales: Sellers with equity.

For a more complete O.C. Summary, click the link below:
http://reportsonhousing.com/wp-content/uploads/2020/02/OC-Summary-Feb-ASH-20.doc
If you are interested in the complete O.C. Housing Report. Please contact Shelly by email or cell:

***BUYERS & SELLERS: I am ready to help you with any of your real estate goals and discuss your specific questions and issues. Please contact me at: 949-701-3688 or email: [email protected]
***REFERRALS: I also welcome referrals of any of your family members, friends, business associates, organizational contacts.
***MY MOTTO IS: Don't Sweat the Real Estate. I keep it Cool!
P.S. My Business Referral Directory. I have compiled a list of contacts for a variety of professional services including but well beyond real estate. Please call me with your request. I am continually adding names and services to that list.

11/28/2019

DON’T BE A TURKEY!

JUST ENJOY ONE OR A VEGETARIAN VERSION
& ALL THE FIXINGS
WITH FAMILY & FRIENDS

BUT REMEMBER TO...

SHARE YOUR THANKS BY GIVING
YOUR HEART & HANDS

TO SERVE A MEAL OR BRING FOOD PACKAGES
TO A FOOD BANK OR ANOTHER LOCATION.

BRIGHTEN SOMEONE’S DAY
NOT JUST TODAY
BUT ALL DURING THE YEAR!

10/08/2019

A TEMPERATURE CONTRAST! Luxury Market COOLING! Homes below $750,000 SIZZLES!

COOLING: Buyer demand for luxury homes over $1.25 million in the past 2 weeks. Accounts for 34% of inventory but only 14% of demand.

OVER-ALL INVENTORY: Dropped 2%. Normal for an Autumn market. However, last year at this time, the inventory actually rose through Thanksgiving.

DEMAND: Demand is down 5%.

SIZZLING: Sellers’ Market continues under $750,000. Above to $1 million is a SLIGHT Sellers’ Market.

Exception for a Blip in the D.O.M. ( # of days on the market) from $1.25-$1.5 million, the prices above experienced an increase in the D.O.M.

SAME AS BEFORE: Distressed homes represent 0.8% of listings; 1.5% of demand.

SAME WELCOME NEWS: Sales to List price is again about 97.2%. PLUS: 99.5% of all sellers were with equity.

Click on the link below for the O.C. Housing Summary:
http://reportsonhousing.com/wp-content/uploads/2019/09/OC-Summary-Sept-NFL-19.doc

For a more complete report, please contact me,
Shelly Komer Jackier at 949-701-3688 or by email:
[email protected]

07/11/2019

Shake, Rattle & Roll! Not just a classic song but a reality.
BE PREPARED! SAFETY TIPS FOR EARTHQUAKES.
I wanted to share this important information with you from
Allied Universal.

On Friday, July 5 at 8:19 p.m., a 7.1 magnitude earthquake struck 11 miles (18 kilometers) from Ridgecrest, California, near Death Valley, the same area of the desert where a 6.4-magnitude temblor hit just a day earlier. Thankfully, no fatalities or major injuries were reported, but the earthquake jolted homes and businesses from Sacramento to Mexico and prompted the evacuation of the Navy’s largest single landholding, Naval Air Weapons Station China Lake in the Mojave Desert.

Since this was the largest earthquake the region has seen in nearly 20 years, officials warn about the possibility of major aftershocks in the days and even months to come. Due to the fact that earthquakes can strike at any time without warning, preparation and knowing what to do when one occurs can help to ensure your safety.

Allied Universal offers the following earthquake tips:

Prepare NOW

- Practice the www.shakeout.org drill which provides information on how to perform Drop, Cover, and Hold On.
- Create a Disaster Plan-- earthquakes should be thoroughly integrated into the your organization’s emergency preparedness, response and recovery planning.
- Identify any potential hazardsand fix any problems such as anchoring appliances, heavy furniture, hanging objects and cabinet doors.
- Put together a supply kit that includes water, medication, walking shoes, whistle and a flashlight.
- Consider a retrofit of your building to correct structural issues that make it vulnerable to collapse during an earthquake.

Survive DURING

* Drop, Cover, and Hold On like you practiced. Crawl only if you can reach better cover without going through an area with more debris.
* If inside, stay there until the shaking stops. DO NOT run outside.
* If in a vehicle, stop in a clear area away from buildings, trees, overpasses, underpasses, or utility wires
* If you are in a high-rise building, expect fire alarms and sprinklers to go off. Do not use elevators.
* Expect aftershocks to follow the largest shock of an earthquake.
* Check yourself for injury and provide assistance to others if you have training.
* If in a damaged building, go outside and quickly move away from the building.
* Do not enter damaged buildings.
* Save phone calls for emergencies.

Learn more about earthquake safety, please click on the links below:

--ShakeOut Drill for Businesses
--FEMA - Earthquake Safety at Work
--Red Cross-- Earthquake Safety Tips

Great ShakeOut Earthquake Drills help people in homes, schools, and organizations worldwide improve preparedness and practice how to be safe during earthquakes. Register to participate in your state or country's drill at www.ShakeOut.org.

06/19/2019

Shelly’s OC Housing Update: LAST CALL, SELLERS! Think ESCROW NOW!

Last call for sellers to get serious about catching the buyers! Need to Open Escrow Now. The 2nd “OK” time is by July 31st.

FMV! Fair Market Value is again key. There is 23% more inventory today than 2018: 7493 homes, the highest level since 2011. Reality check: Demand increased only 1%. DOM: Days on the Market still somewhat high & varies with the price level.

A somewhat brighter light is the Luxury market. It improved slightly with a 4% increase in demand.

Foreclosures, short sales still under 1% of demand.

The Good News: 98%.6% of closed sales are homes with equity.

Click on the link below for more details on the OC Housing Summary:

http://reportsonhousing.com/wp-content/uploads/2019/06/OC-Summary-Jun-MER-19.doc

For a complete picture of the market at this time, please contact:

Shelly Komer Jackier

06/04/2019

GUESS THE 5 OC HOUSING TRENDS!

1. Largest inventory since 2011-2017.
2. Demand decreased for those years
3. Result: Fewer closed sales
4. Home appreciation is now flat.
5. Interest rates dropped BUT did not stimulate demand

Update on the last 2 weeks:

1. 25% more homes available today
2. Demand remains unchanged
3. Surprise: Luxury Market improved. 8% increase in demand.
4. No Surprise: Distressed homes about the same. Only 0.9 listings; 1.4% demand

Click on the link to learn more details for OC Housing:

http://reportsonhousing.com/wp-content/uploads/2019/06/OC-Summary-Jun-SUM-19.doc

For a complete report, please contact Shelly at [email protected]

Or call: 949-701-3688

05/30/2019

EXPIRED LISTINGS are up 64% in 2019. WHY? SELLERS need a REALITY CHECK.

Sellers need to price their home initially at Fair Market Value (FMV). Replace your emotional attachment. Let the Realtor be your objective voice to price it.

ADVICE: Don’t lose the initial opportunity to sell your home QUICKLY!

REALITY: Inventory UP 29% more than 2018. Expected Market Time UP from 56 days to 84.

Demand DOWN 14% from 2018.

BUYERS: Surprise! It is NOT a Buyers’ Market. Don’t low ball if a home is at FMV.

LUXURY MARKET continues to slow. 8% drop in demand. Days on the Market (DOM): 181 days to 206.

DISTRESSED MARKET: Low. 0.8%

Click on the OC Summary, to learn the details above:

http://reportsonhousing.com/wp-content/uploads/2019/05/OC-Summary-May-USF-19.doc

For a more complete picture, contact Shelly directly by cell: 949-701-3688 or [email protected]