Blog

December 2, 2024 by Edwin Baloloy

Downtown Brea Townhome located near Brea Plunge and Birch Street Promenade

Located directly across the street from South Brea Lofts, the Downtown Brea collection is a newer community consisting of townhomes with direct access garages. Several units have street frontage to Brea Boulevard as one of a few “work live” communities in Orange County.

We proudly present this 3 bedroom, 3 bath listing with a dual master configuration on the top floor. A convenient 2nd floor bedroom and full bath on the 2nd floor allows separation and possible use of an office or den space.

Open House Saturday and Sunday

1 – 4 PM | December 7th & 8th

3 bedrooms | 3 baths

1,410 square feet

Built in 2011

The Downtown Brea Collection is a community of 27 townhomes. The majority of units have street frontage to give a downtown-like feel to the residences.

A spacious living and kitchen area offers convenience and an open feel with natural light from the balcony.

View full listing and more photos here.

November 3, 2024 by Edwin Baloloy

FOR LEASE – 5 bedroom home in Orange

This 5 bedroom, 3 bath home with just under 2,500 square feet of living space is available immediately for move-in. Located in “The Ridge at Belmont”, this 1995 built home boasts high ceilings upon entry with plenty of high windows to let in natural light to the large living and dining areas.

The home is conveniently located near the 55 and 91 freeways with the 241 toll roads only minutes away. Old Towne Orange, Disneyland, and Santiago Canyon are all within 15 minutes away.

The home has a 3-car side-by-side garage.

Offered at $5,500 a month

4826 E Somerton Ave, Orange, CA

Open House Saturday Nov 9 11 AM – 1 PM

Sunday Nov 10th Noon – 2PM

Call Edwin at 714-501-2732 for a private showing.

View full listing and more photos here.

Click here for online application.

September 21, 2024 by Edwin Baloloy

Anaheim and Irvine seeing more inventory but same results

The Stadium Lofts in Anaheim saw an uptick in values after seeing a sluggish period earlier this year.

Inventory higher with same results for sellers

As we enter the 4th quarter of 2024, the condo markets for Anaheim and Irvine are seeing a few changes, but basically the same end result as the same time last year in 2023.

The inventory has risen significantly compared to August 2023. As a result, condos are staying on the market longer in Anaheim where it increased to 25 days. In Irvine, the time to sell has remained the same, but the sold vs list % dipped below 100%.

The number of homes sold have remained at historically low levels as both buyers and sellers have continued to hold out.

Condos have appreciated overall with Anaheim seeing an increase to median home prices of 10.2% and Irvine increasing by 13%.

NAR Settlement Update

My latest market update details what’s happened so far and the “much ado about nothing” following the NAR settlement a few weeks ago. Prior to launching my newest listing in The Domain of Anaheim, I wondered if more buyers would be going directly to the listing agent. While I was not one of those who thought buyer agency was going to be extinct, I was open to the possibility that we might see more of a commercial real estate style of agency.

After 2 Open Houses, I had a few ask me to show the listing like normal, but as far as offer activity is concerned, none of the buyers asked me to represent them. I’m hearing similar accounts from my co-workers and friends who are agents.

Interest rates at lowest levels since Feb 2023

Rates have continued to decline which will translate into more buying power and some of the buyers from earlier this year into refinancing. With rates going down by more than a point compared to the same time last year, I would be shocked if sales activity doesn’t kick into high gear.

August 9, 2024 by Edwin Baloloy

What are nearby condo buildings doing to keep their community safe?

The “bandana man” has been seen sneaking into an Anaheim condo building. The bike shown was likely taken from a storage room.

In my own community, burglars disguised themselves as contractors wearing vests while hiding their faces.

After 2 burglaries in my own community along with homeowner accounts in the local condominium buildings that I sell in, I thought this blog would be timely. Before we proceed, I think we all know that if a thief is determined, no security measure would be enough without being too intrusive to your own daily life. These measures should be taken as a deterrent to prevent the more random, “least path of resistance” crimes where the perpetrator is just looking for an easy target.

From the accounts I’ve heard within my own community and the condo buildings, it seems these are the most common:

The perpetrator either followed a car into the complex or used a damaged or open door
The perpetrator wore some kind of mask or face covering (except some package thefts)

For the time being, let’s leave out the smaller incidents of someone wanting to use the association pool or unwelcome visits to residents. For the thefts, from what I’ve heard, the suspects didn’t use access codes or old key fobs to enter.

Part 2 can be watched below where I go more in depth of what technology is out there. I speculate that “smart notifications” would be able to alert security guards (or residents) if someone entered the building without a key fob or if someone on camera was detected wearing a face covering. Especially for the buildings with many entrances, alerts would be needed if a door was left open.