Stacy’s Newport Beach & Real Estate

Newport Beach, Corona Del Mar & Coastal OC Real Estate

Newport Beach & Orange County, CA Traditional Real Estate Market Trends-March 2010

*The sellers of a 1,600 square-foot, 2-bedroom, 2-bath condominium want to move up. They have $200,000 in equity and an outstanding loan amount of $200,000 at 6%. The move-up seller’s monthly payment is $1935.77 including principal and interest, $1,199 .10; property tax, $366.67; and homeowners fee, $370.

For only a few hundred dollars more a month, these move-up sellers can purchase a newer 2,200-square-foot, 4-bedroom, 3-bath home for $550,000.have been lost in a little over two years.

Here’s how… (To read the full and current post of Orange County market trends of attached and detached homes with numerous CHARTS,  click on the following link.)

http://bit.ly/OCTraditionalMarketReport-March2010

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