Coto de Caza Real Estate Market Update Video
Designer homes in Coto De Caza
Terenea Realty is a residential real estate brokerage comprised of professionals who exemplify a steadfast commitment to delivering an unparalleled level of customer service. Translated as “of or inhabiting the land”, our name reflects our passion for real estate. We are committed to raising your expectation of what it means to work with a real estate brokerage. Our clients rely on our business acumen, sound judgment, and skillful negotiation to insure that their home sale or purchase is a success. Our agents employ an extensive knowledge and expertise regarding home values, market conditions and financing to insure that our clients experience an unparalleled level of service.
Coto De Caza homes & Real Estate Sales
Welcome to Coto De Caza, a golf and equestrian community nestled at the base of Saddleback Mountain in Orange County California. This historic community dates back to the Spanish land grants and was originally part of a large rancho that reached all the way to San Diego. The expansive equestrian Center hosted competitive events during the 1984 Olympics. It was also visited by Great Britain’s Princess Anne. The racquet club opened the North course in 1987. Currently, Coto De Caza has over 4000 homes and 13,000 residents.
This captivating five bed seven bath estate home incorporates European influences with modern amenities that will appeal to the most discriminating buyer. From the gabled roof to the conservatory to finely hewed wood beams and arched windows. Unique architectural features abound. The dramatic entry foyer sets the stage for this elegant yet welcoming home. Here, vaulted ceilings soar overhead while a sweeping staircase ascends to the second floor. The formal dining venue complemented by a fireplace is connected through the butler’s pantry to a professional kitchen where you’ll appreciate the granite counters Viking and Subzero appliances and breakfast nook. Arched windows welcome the light into the charming living room. Its airy appeal emphasized by lofty ceilings and soft neutral decor. A central hallway leads to the office with a beautifully crafted mantle and beveled glass windows. While the sundrenched conservatory exudes old world charm. Spacious and inviting, this unique room holds many possibilities to enjoy music or the arts. A viewing balcony overlooking the pristine resort style backyard, ample dimensions and distinctive architecture highlight the second-level master suite. All bedrooms are on suite and the secondary bedrooms adjacent to the master include computer alcoves and lofts large enough for slumber parties. The former ballet and recording studio currently used as a great room, can be configured to meet your needs and is limited only by the imagination. Outside, a staircase from the pool leads up two elevations, to seating with panoramic views of the hills and mountains. Outdoor living and dining, married to perfection with amenities that include a jacuzzi, fireplace and a putting green. Set in the center of this golf course and equestrian community, it’s miles away from the hectic pace of modern living but close enough to enjoy all the amenities of orange County. From the beautifully manicured front lawn to the waterfalls cascading down the hillside and into the pool, this retreat is truly a remarkable respite from the world. With no details left undone, the fireplace provides warmth on cool evenings and is adjacent to the pool slide which rivals a water park. Rounding out this exquisite residence is a one bedroom guesthouse which includes a living room with a fireplace, dining area, full kitchen and bath. Take your tour today. Call JoAnne DeBlis at 949-433-6095.
Data released by the Census Bureau last week indicates that the level of home ownership in the United States last year declined to it’s lowest level since 1995. Although the percentage change was fairly small, it dropped from 65.4% to 65%, it demonstrates that thousands of Americans have abandoned the American dream.
At the same time, vacancy rates have also declined as rental properties are becoming somewhat scarce. Many of the distressed homes in Coto de Caza and other surrounding South Orange County communities have been acquired by investors, often thru short sales or auctions. The Los Angeles/Orange County market has trailed the rest of the US in home ownership rates historically. The high for the local area was 55% and the current percentage of home ownership is just below 48%.
The average home price in the Los Angeles/Orange County area increased 14% in February over the same period a year earlier. This is the highest year over year increase sine the housing turn around began over a year ago. The data reported by Case Shiller indicates home prices have increased year over year for 8 months in a row. The study tracks homes prices in the top twenty US markets and indicated increases in all of them. The increase in prices is largely attributable to inventory which has been at near records lows when adjusted for seasonality. In the South orange County communities of Coto de Caza, Rancho Santa Margarita and Ladera Ranch, the increases have been similar to the surrounding area.
In each of the last two weeks, the interest rate on a fifteen year mortgage has fallen to an all time low. Last week the rate dropped to under 2.6% with an average closing cost equal to three quarters of point. One point is the equivalent of one percent of the mortgage amount. The rate on a thirty year fixed rate loan also fell last week for the fifth week in a row to under 3.4%. The lowest rate seen for the 30 year fixed rate loan was three point three one percent and that was in November of 2012. With loans available at record low interest rates and home prices rising, now appears to be an excellent time to make a move if you have been sitting on the sidelines.
Fill this in and we'll be in touch right away.