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Official seal of City of Mission Viejo

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The Mission Viejo real estate market, a generally affluent sector of the larger Orange County housing market, saw extremely low housing prices, fewer foreclosures, and differing statistics on the quantity of properties sold in the last month of 2010. According to figures provided by the Orange County Register and MDA DataQuick, the median sales price for the entirety of Orange County declined to $410,000 in December 2010. This represents a 5.7% decrease from both month-ago and year-ago levels, and pushed the median price of Orange County properties to their lowest level since May 2009. The median sales price of resale homes in particular is at its lowest level since April 2009, while the median price for new homes is at its lowest level since February 2010. Despite this decline in median price, the quantity of homes sold in Orange County declined by more than five percent year-over-year – marking the sixth consecutive year-over-year decline in sales quantity. Over the entirety of 2010, there were 30,737 residential properties sold throughout Orange County, marking a decrease of about one percent from 2009’s sales levels. In general, new homes fared slightly better than resale properties, although their rally was less impressive when compared to 2008 levels.

The low median price among Mission Viejo and other Orange County properties can be better understood in the context of the region’s foreclosure activity. Distressed properties, which are generally less expensive than “normal” homes or condominiums, accounted for more than a third of the residential transactions in December 2010. One local expert was interviewed by the Orange County Register and noted that there is potential for marginal improvement in 2011, although foreclosures will likely continue to have a negative influence on the regional market for some time to come. There are more than six thousand bank-owned properties in Orange County, along with thousands more delinquent or defaulted mortgages and nearly ten thousand slated for a foreclosure auction or trustee sale. The situation is unlikely to drastically improve until the job market improves, demand for properties rises, and lenders are more willing to extend credit.

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== Summary == Downtown Tacoma from the bridge ...
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The Tacoma real estate market has been the subject of some special efforts to boost its profitability and turnaround. One example of these marketing efforts is found in an April 8, 2010 article in the News Tribune, “Prospective homebuyers will have the chance to tour more than 300 homes for sale in Pierce County this weekend as part of an ‘open house’ celebration happening across the state and country. ‘We just want to stimulate the activity and let the public know that there are lots of homes available in all kinds of price range,” said Joyce Hill, a local real estate agent who has helped organize the open house event.” The article, written by Kelly Kearsley, continued to state that “Now in its second year in Washington, the event is growing and catching on around the country.”
These and other efforts seem to have a positive impact on Tacoma home sales, according to an April 6, 2010 article in the News-Tribune. The piece found that “Western Washington home sales swept upward last month with pending deals rising nearly 51 percent in Western and Central Washington and nearly 36 percent in Pierce County. New figures from the Northwest Multiple Listing Service show pending sales in King and Snohomish counties surged even more than those in Pierce with increases of 69.05 percent in King and 77.11 percent in Snohomish.” The article, composed by John Gillie, continued to note that “Home deals in Thurston and Kitsap counties jumped too, though not as much as those in Pierce, King or Snohomis counties. Kitsap showed a 31.33 percent increase in pending sales, the Northwest MLS figures showed, while Thurston saw a 30 percent increase from the same month in 2009.”
Home prices, however, continue to be low in the Tacoma real estate market, according to a March 31, 2010 article in the News Tribune. According to the piece, which was also released by the Associated Press, “While home prices are rising in most parts of the country, Puget Sound-area home prices remain on the decline, according to the Standard & Poor’s/Case Shiller 20-city home price index released Tuesday.”

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A ferry arrives in Downtown Seattle.
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Are you looking to find a new home around Seattle, Washington? Homes in Seattle have long been popular with buyers looking for a place to settle down, be it to start a family or just enjoy life at their own pace. Due to it’s diverse population and the great lifestyle provided by the city as well as the opportunities it provides Seattle is definitely growing in popularity. It is the city that plays host and home to families of all shapes and sizes who are in search of a little place to call their own.
A huge perk when buying a home for sale in Seattle is that the majority of houses are close to public transport – and if you’ve ever been to Seattle you know that their public transportation services are reliable and second to none. Being at the forefront of the green movement makes for an environmentally conscious and responsible community, meaning that it’s not hard to find transit options that will suit your own personal needs.
One of the more popular ways to get around in Seattle is by using the outstanding ferry network. Washington State Ferries is the largest ferry network in the nation and it connects the island communities to the city. This means that if you want to buy a home Seattle you can easily live on an island off the coast while still commuting without hassle into the city to access all the wonders it has to offer for you and your family.
In early Seattle history street cars were essential for linking up houses with schools and places of business. After 1889 they connected all of the far out neighborhoods with the inner city and downtown area. Although street cars are no longer a working fixture in Seattle the inhabitants will see their legacy in the homes for sale that have a distinct community feel unique from the city.
With a public bus system running a number of routes throughout the city there are countless options for getting around. Approximately 20 percent of people working in Seattle rely on public transport for their commute, and with buses connecting many commercial areas with residential areas this is no surprise. In the near future buying a home in Seattle will also give you access to a light rail option linking the airport with the city using a reliable and well developed rail service.
Living in Seattle, Washington, makes residents a part of a thriving community full of entertainment, jobs, good schools and adventure, all while living in one of the “greenest” cities of the 21st century.

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