Edwin Baloloy – Page 42

April 26, 2020 by Edwin Baloloy

Application for Alamo Lease Yorba Linda in Kellogg Terrace

Download application here. Requires Adobe Acrobat viewer.

Please email application to edwin@midriseliving.com

April 20, 2020 by Edwin Baloloy

Anaheim 92805 Market Update – Chapman Commons, The Domain, Harbor Lofts and Stadium Lofts

The April number for pending sales will be released in a few weeks. Meanwhile, the March numbers show the “pending” condos and townhomes in Anaheim 92805 which includes The Domain, Harbor Lofts, and Stadium Lofts have decreased significantly likely due to COVID-19:

For 92805, March pending sales have plummeted.

Entire city of Anaheim pending sales have gone down for condos and townhomes.

As expected, the Coronavirus crisis has slowed down the market as sellers and buyers become concerned about safety and market conditions in general. However, homes and condos are still selling since the whole lockdown started.

The lockdown in all of California was ordered by Governor Newsom on 3/19/2020. Since Realtors have 3 days to update listing statuses, we’ll use 3/22/2020 as the start date of the quarantine when using market data. According to the CRMLS California Regional Multiple Listing Service, 65 properties have went into escrow in all of Anaheim since then. This doesn’t include homes that went into escrow and have closed since (which will bring the number even higher.)

Just thought I’d throw that out there to refute that myth “nobody is selling houses right now.”

Pending sales are low across the board similar to midrise condos in Irvine.

View active listings for Chapman Commons, The Domain, Harbor Lofts, and Stadium Lofts here.

[optima_express_toppicks id=”917278″ header=”true” includeMap=”true”]

April 20, 2020 by Edwin Baloloy

Ground level condo – 3 bedrooms in Yorba Linda FOR LEASE

This 3 bedroom, 2 bath ground level condo is accepting applications now. Located in highly desired Yorba Linda area.

See full listing here.

April 14, 2020 by Edwin Baloloy

Real Estate LIMBO? COVID-19 Impact on Real Estate: Listings on HOLD status at all-time high

Disclaimer: “All-time high” isn’t a metric I’m able to historically track and graph — I’m only referencing what I’ve seen on my own reports in my 13+ years in Real Estate using the multiple listings service.

If you run a report in any city, you’ll see droves of listings on HOLD.

A few definitions:

“HOLD” status is the term for limbo in the multiple listing service (MLS). Also known as “HOLD do not show” and “off market until further notice”. It’s implied that the listing will be back to “ACTIVE” status.

There’s a different status for listings where the seller does NOT plan on having it active in the near future called “Withdrawn”. The seller is restricted from re-listing the home until the listing contract expires.

Then there’s “Expired” and “Cancelled” where the home is officially off the market with the prior listing broker. These are the types of listings that receive a TON of phone calls and solicitations from other agents and statistics show that a good percentage of them end up selling again.

Here’s how many homes are currently on HOLD as of April 14th 2020:

Anaheim: 34

Anaheim Hills: 21

Brea: 6

Cerritos: 12

Placentia: 4

Yorba Linda: 26

All of Orange County: 817

All of Los Angeles County: 1,557

Just for reference, the entire Orange County usually hovers under 100. The larger cities named like Anaheim and Yorba Linda usually have 5-10.