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NEW LISTING – 18 VERNAL SPRING, IRVINE

Experience unmatched luxury, and sophistication within this progressive Shady Canyon residence. Tastefully designed interiors blend contemporary with traditional and transition seamlessly with the modern elements of the private entry courtyard. The amenities-rich rear yard includes the negative-edge pool and spa, built-in BBQ with bar, fire pit, two separate patios and an outdoor TV area. The eminently livable floor plan offers a desirable ground floor master bedroom with spa-like bath. Expansive great room with soaring ceilings, and exposed truss beams, library, three additional bedrooms (two of which are on the main floor) and a large bonus room/gym on the second level (possible fifth bedroom). Especially noteworthy, the home includes a whole-house Savant smart home system which allows complete remote control of lighting, sound and security from virtually anywhere in the world, solar panels and drought-conscious turf in the courtyards. This home offers s a 3-car finished garage, and is in close proximity to the Shady Canyon clubhouse, offering swim, tennis and playground facilities.

18 Vernal Spring, Irvine, California
For Sale: $3,575,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Kathryn White and John Cain

Market Study 001

As indicated by The Wall Street Journal this week, California ranks 49th in the country for housing inventory per capita. This should not come as a shock to many of you as you make the decision to place your home on the market or make an offer on property.

The study agglomerates all California markets into one figure — it is important to understand inventory constraints in our specific markets in relation to local population. For the purposes of this analysis, we will use households instead of population to more accurately reflect inventory per household.

There are 4,871 active listings throughout the nine cities of the greater Desert communities — 346,000 residents and 161,147 households, making for 33.8 households per active listing.

However; in both markets, the average days on market indicate that both buyers and sellers are staying put at the moment. This could be attributed to a variety of political and economic factors, ranging from administrative uncertainty to seasonal stagnancy.

Regardless of the cause, we are all experiencing a seasonably slow market, likely to be followed by a spring time rally where the “hold-off” buyers and sellers from the winter market joining spring buyers/seller.


A recent article in The Wall Street Journal intimated that the recent drop-off in inventory is attributable to rising mortgage rates. While there is some truth to this in the aggregate, coastal residents (current and prospective) should consider how strong of an impact.

Rising rates impact median income earners and sub jumbo markets vastly differently than luxury, destination, and coastal markets. In general, a rate adjustment will impact those on the margin of affordability.

Higher rates translate into a slightly more expensive investment for buyers in luxury, destination and coastal markets, whereas the same adjustments can flat out disqualify sub jumbo and/or median income individuals in other parts of the state and counties we serve.

Another interesting parameter to analyze is how rising conventional and government loan interest rates impact the rates and loans taken on by clients in our market. The vast majority will be portfolio jumbo products that, while impacted by the same economic forces that would precipitate a global adjustment in available rates, will not follow the same behaviors as lenders who depend purely on the secondary mortgage market for recompense.

The combination of these two and likely dozens of other factors indicate a positive outlook for the coastal and destination markets, regardless of aggregate rate changes.

Primary residence sellers who are cautiously waiting for rates to stabilize because they — 1. don’t want to diminish the affordability of their next home, and/or — 2. are uncertain of who will be able to buy their current home, should feel confident that rate fluctuations will not impact their transaction with the same magnitude as other areas.

Similarly, primary and secondary residence buyers should feel motivated by the changing landscape to act now on what is available; as the long-term gains in equity through appreciation will likely far overshadow minor changes in rate.

NEW LISTING – 9 SEARIDGE, LAGUNA NIGUEL

Tremendous opportunity in the exclusive guard gated community of Bear Brand Ranch. This private, gated European-inspired estate is situated on an extra large corner lot and hosts expansive vistas including the ocean and Catalina. A true entertainers paradise, the home sets up perfectly for hosting as well as a large family. The exterior grounds include a private pool, spa, casita with bbq and fireplace, fountain, circular drive and perfectly manicured gardens. Fit with only the finest in luxury finishes; from French limestone flooring, carrara marble, custom fireplace enclosures/mantles and elite appliances such as Subzero and Viking. An open and functional layout hosts an array of spaces that include an intimate formal living, a gourmet kitchen that opens to the great room, private study with modern glass entry and even a custom butler/bar area for those private events. The upper level includes three additional bedrooms and the spacious master retreat with enormous walk-in closet, fireplace and a spa-like bathroom outfitted with steam shower, exercise area and barista station. An upper bonus area also makes for a great play area or entertaining space.

9 Searidge, Laguna Niguel, California
For Sale: $4,350,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Sean Stanfield

NEW LISTING – 361 CREST LAKE DRIVE, PALM DESERT

Situated in exclusive gated Desert Falls Estates, this 4,182SF home offers SOUTHERN mountain & lakefront views. All you would want in indoor/outdoor desert resort lifestyle living. Chef’s kitchen with top of the line Viking stainless steel appliances, slab granite counters & large sit down bar opens to the breakfast nook & living room with walls of glass capturing the phenomenal views. Luxurious master suite with cozy fireplace, spa bath & dual walk-in closets plus two additional guest suites & office/4th bedroom all offering great separation. Relax outside by the fire enjoying the awe inspiring lake & southern mountain views from this sunny, resort style backyard, swim laps in the salt water pool, BBQ at the outdoor kitchen or soak in your jetted spa. Owned solar system, oversized triple garage, low maintenance artificial turf front/back landscaping, newer LED landscape lighting with Iaqualink control system, surround sound and an abundance of storage. Too many upgrades to list!

361 Crest Lake Drive, Palm Desert, California
For Sale: $1,200,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Dave Kibbey

NEW LISTING – 2201 WATERFRONT DRIVE, CORONA DEL MAR

Posted on a large corner lot of the village, this three-bedroom quintessential cottage provides a beach chic setting throughout. Skylights and walls of windows surround the main living area. The living room has a charming fireplace and window bench overlooking the lush premises. Entertaining kitchen supplies chopping block counters, ample storage, and a large breakfast bar that paves way to the formal dining room illuminated by glass overhead. Live the exemplary lifestyle of Corona del Mar Village: a short walk to the beach, world class beaches, shops and restaurants.

2201 Waterfront Drive, Corona del Mar, California
For Sale: $2,499,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Casey Lesher

NEW LISTING – 433 EMERALD BAY, LAGUNA BEACH

Located in the private, gated community of Emerald Bay, this stylish Brion Jeannette designed residence features sweeping ocean views from nearly every room. The warm contemporary design incorporates 5 bedrooms, each with an ocean view, and 4 ½ bathrooms with the finest materials and finishes, including large open rooms, high ceilings, Fleetwood glass sliding door systems, and rich, dark hardwood flooring. Thoughtfully arranged indoor and outdoor spaces, including four decks with expansive ocean and whitewater views and a large interior courtyard, are eminently livable and lend themselves to both comfortable daily usage and sophisticated entertaining. The kitchen is detailed with fine European cabinetry, professional grade appliances, quartz-stone counter tops, and a large custom blue agate slab kitchen island. The exceptional master suite includes a sitting area and separate deck space with spectacular whitewater views. This offering is a sought-after combination of fantastic views, quiet location, functional floor plan and high quality finishes.

433 Emerald Bay, Laguna Beach, California
For Sale: $6,288,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Dean Ledger

NEW LISTING – 2 COTTONWOOD, NEWPORT COAST

A BEST BUY IN NEWPORT COAST. One of Pacific Ridge’s most alluring residences has finally come available. Situated on a sprawling 12,000 +/- square foot private corner lot and located on a quiet-cul-de-sac, this residence offers a fresh transitional style that beautifully accentuates its numerous architectural elements, including groin vault ceilings, arched doorways and brilliant iron work. Light and bright, the main residence is comprised of 3 bedroom suites, large bonus room and spacious formal and informal living spaces that seamlessly meld with the outdoors. In addition, the home uniquely offers two guest casitas, both of which are suites. Expansive outdoor living space includes a covered loggia, built-in barbeque, stone fountain, and lavish gardens perfect for year-round alfresco living. Notable highlights include new water filtration system, wood plank flooring, Venetian plaster, custom cabinetry, surround sound, closed circuit security system, 3-car garage plus 1-car lift and ample built-in storage. Residents of Pacific Ridge enjoy exclusive access to a world-class community center with swim, grilling and playground facilities, close proximity to pristine hiking/biking trails, and the unparalleled serenity of living atop famed Newport Coast.

2 Cottonwood, Newport Coast, California
For Sale: $3,395,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Kathryn White, and John Cain

NEW LISTING – 32416 COAST HIGHWAY, LAGUNA BEACH

Step into chic luxury and style at this incredible mid-century modern estate within Three Arch Bay. This superb house in Laguna is overflowing with perfectly understated elegance. Each room is crisp and clean, offering a relaxing retreat right at home. Natural light illuminates the architectural details of this space designed by renowned Laguna Beach architect, Horst Noppenberger. The three bedroom, four bath estate offers a chef’s kitchen, completely updated and boasting the finest in modern stainless appliances, expansive cabinetry and granite counters. The home affords high-end elements throughout, showcasing plenty of indoor/outdoor entertaining spaces including a full outdoor kitchen/BBQ/Bar. The lush backyard oasis invites you to relax in the extra-large spa or sit fireside and savor the cool ocean air. The sumptuous master affords a spacious and tranquil en suite and fireplace, while the rest of this property gives ample space to relax and enjoy the unique atmosphere of this house. This home is nearly 2600 SQFT and offers easy access to some of the best of SoCal Beaches, restaurants, schools, and preserved outdoor space.

32416 Coast Highway, Laguna Beach, California
For Sale: $3,749,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Sean Stanfield

NEW LISTING – 201 E. BAY AVENUE, NEWPORT BEACH

The best of both worlds! Just steps from the beach and the bay this newer construction Cape Cod inspired home is sited on a sunny corner lot and features a comfortable, classic coastal decor. Constructed in 2012 by Joe Lippnik – a name synonymous with the highest level of building quality and craftsmanship -this turn key property functions perfectly as either a vacation home or full time residence. Offering four en-suite bedrooms, one of which resides on the first floor, the home is built to accommodate an abundance of friends and family at the beach! Crisp white bead board and crown molding detail provide a striking contrast to the richly stained, plank hardwood floors throughout the home. With a welcoming Dutch door entry the foyer leads to the great room living, dining and kitchen areas, all of which open onto the sunny front patio, perfect for BBQ’s and social summer fun. Upstairs the gracious master suite is highlighted by a private terrace, fireplace, finely detailed spa bath and walk-in closet. Two additional guest bedroom suites, each with adjoining terrace, and a cozy den area complete the second level. Incredible third floor roof top terrace provides a panorama of endless views. From city lights and snow capped mountains in the distance, to glorious sunsets and a peek of the ocean, the living and entertaining possibilities are endless. Additional amenities include separate laundry room, household audio, storage, and large 2 car garage with separate golf cart stall.

201 E. Bay Avenue, Newport Beach, California
For Sale: $2,575,000

To receive additional information on this property, please contact HÔM Sotheby’s International Realty Listing Agent, Tara Shapiro

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