Hi G.H., I'm not sure where the Register got THEIR information, but I have two different responses. First, they seem to be referring to a 22 day period of time, which ended on 9/14. ( 3 weeks ago.) Second, it isn't only Coto, obviously, but all of the 92679 Trabuco Canyon zip code.
As for Coto de Caza, as cdcrezz surely knows, here is a comparison of closed sales in Coto, comparing the period from 1/1/2010 to 10/7/2010 when there were 160 sales at an average price of $1,094,218.
For the exact same time period in 2011, ( 1/1/2011 to 10/7/2011.) there have been 165 closed sales ( Isn't THAT a higher number than 160?) and the average price has been.....wait for it.......wait for it: $1,090,419., about a $3,799 difference. ( I'm not a math whiz, but that sounds like a third of a1% drop(?) to me. Wouldn't a statistician consider a result like that negligible? )
I have been working in Coto for about 25 years, and I have yet to find any cliffs. Still looking, though.
By the way, I submitted an offer on a new listing, last weekend, priced over $1,000,000, and our offer was beaten out by another, higher offer. Two additional $million plus properties went into escrow, as well, over last weekend. There doesn't seem to be a shortage of well heeled buyers in the Coto area, these days.
All this, of course, is merely MY opinion. Thanks for reading.
Bob Phillips - Realty ONE Group - South Orange County, CA
Ground hog asked: "BTW, were there any single level SFR homes built in "The Village" area?"
I don't recall any, but there might be one of two. The lot sizes were "only" 60x100, so that doesn't allow for much of a footprint, for garage, house, and yard. Like I said, I can't remember having ever seen one, on the market.
All this, of course, is merely MY opinion. Thanks for reading.
Bob Phillips - Realty ONE Group - South Orange County, CA
cdcrezz is still clinging to a totally irrelevant article from the Register, when he asked: "Flat? Did you read the article? 29% decrease in the MEDIAN is flat? "
Obviously, you missed my post, just a few posts above. I'll repeat, for your enlightenment:
"I'm not sure where the Register got THEIR information, but I have two different responses. First, they seem to be referring to a 22 day period of time, which ended on 9/14. ( 3 weeks ago.) Second, it isn't only Coto, obviously, but all of the 92679 Trabuco Canyon zip code.
As for Coto de Caza, as cdcrezz surely knows, here is a comparison of closed sales in Coto, comparing the period from 1/1/2010 to 10/7/2010 when there were 160 sales at an average price of $1,094,218.
For the exact same time period in 2011, ( 1/1/2011 to 10/7/2011.) there have been 165 closed sales ( Isn't THAT a higher number than 160?) and the average price has been.....wait for it.......wait for it: $1,090,419., about a $3,799 difference. ( I'm not a math whiz, but that sounds like a third of a1% drop(?) to me. Wouldn't a statistician consider a result like that negligible? )"
But, you go ahead, cdc, keep looking for that cliff in Coto.
All this, of course, is merely MY opinion. Thanks for reading.
Bob Phillips - Realty ONE Group - South Orange County, CA
Is Coto falling off a cliff or flat? Please get to the bottom of this right away because I've already spent way too much time thinking about Coto this morning.
Is Coto falling off a cliff or flat? Please get to the bottom of this right away because I've already spent way too much time thinking about Coto this morning.
