I would like to start by Wishing a very Merry Christmas and a Happy New Year to all of our friends, family & customers over the last 42 years!

We are coming off of a great year in real estate!  Prices have held pretty steadily and the New Year is looking good.  We are facing some

increasing interest rates due to the Fed raising rates so far and anticipating minor further increases this year.  Something we need to

remember is that these increasing rates could have an impact on housing affordability and therefore some potential price softness in

the markets.  So far in December we are showing a season low of 69 homes for sale in Coto as of 12/16.  This may be somewhat low as

a historical perspective but I am anticipating  inventories to increase to the 120 mark+/- by the first of February as the spring market begins

to blossom!  Looking forward to another great year!   Wishing you the very best in this coming year…

Mike Ameel

Broker/Owner

Coto de Caza Real Estate

949-233-2686

mike@mycoto.com

Happy New Year “2016”!!

Wishing you all the best for the coming year!

While we begin the year with only 69 listings on the market in Coto…

Here are some statistics for Coto de Caza for the year 2015.
Number of Sales: 218
Median Sales Price: $1,075,000
Average Sales Price: $1,275,256
CDOM( Avg Consecutive Days on Mkt): 127

Just a friendly reminder to all of our friends and clients that the 1st installment of your 2015-16 Property Tax bills will be late if not postmarked by tomorrow, December 10th. The penalty is 10% of your tax bill so be sure not to send it in late! Questions?? Just give us a call 949-233-2686.

I attended a meeting last evening regarding the proposed Lyon Estate subdivision at the Bell Tower Community Center. The presenter was Mr. Kevin Canning who is a Contract Planner for the OC Development Services Department.

While the attendance was small the questions were to the point and answered, I believe, to everyone’s satisfaction. The proposed development will be for 25 single family home sites on 64 acres of the 138 acre estate property. This development is in keeping with the deed restriction imposed on the land at the time of purchase in 1981 that limits development to a 2 acre per minimum lot size.

There will be an EIR, Environmental Impact Report, and once completed will give the public a 45 day notice of time to respond with questions regarding the development.

Scoping Meeting Info.pdf