Wishing all of our friends, customers and clients a Very Merry Christmas, Happy Hanukkah and a Happy New Year 2021 too! 🙂

As an update you might be astonished at the historically low inventory of homes available for sale on this Christmas Eve! This morning there are a total of “53” homes available for sale in the Coto de Caza, Rancho Santa Margarita, Dove Canyon, Robinson Ranch and Las Flores areas… This is an incredible statistic and not close to anything we’ve seen since 2007 when the market was at its peak. Low interest rates are driving the sales at the same time prices have risen. It remains to be seen what we will happen in the coming new year. Let’s cross our fingers, enjoy our eggnog and say our prayers hoping for a happy and prosperous New Year!!

This holiday season is bringing some new and interesting aspects to our real estate market… As a resident of Coto de Caza since 1993 I have never witnessed such low inventory numbers in our community. On 11/26 there were only “38” homes for sale in all of Coto de Caza…and only “49” in all of Rancho Santa Margarita. This morning the numbers are up slightly in Coto to “43” but incredibly down in Rancho Santa Margarita at “39” 4 less than in Coto! The Rancho numbers include RSM, Dove Canyon, Robinson Ranch, Walden, Las Flores and Rancho Cielo!!!

The issues driving these numbers include the demand for housing exceeding the supply by historically low interest rates. This is happening while prices have also risen. I don’t see any changes coming in the near future but with the crazy political environment we should hold our breaths.

Wishing all of my friends and customers a very “Merry Christmas” and a “Happy New Year 2021”!

Coto Friends and Neighbors…the market in Coto de Caza and surrounding areas continues to amaze me and anyone watching…low interest rates and low inventories are driving the market. Today we have only 49 Homes for sale in Coto de Caza with only 1 home under $1M. In our neighboring community of Rancho Santa Margarita there are only 49 homes currently for sale and have 11 over $1M. Its an interesting time!! Even though prices are somewhat high…interest rates are diminishing the impact of those prices considerably with 30 year rates at 2.75% +/-. If you find something you love and will live in for many years…don’t hesitate…jump on it!