2012 Market Report: Orange County Condos

©Copyright Condos etc™ 2010 -2013

2012 in Review

Orange County Condo Market

The Definition of Luxury!

Call, Text or eMail:Veronica HicksBroker and REALTORCell: 714-336-5551eMail: veronica@condosetc .com

As a Resident REALTOR® of these Luxury High Rise Towers and theleader in community resale and lease transactions, I am committed to domy part in helping to keep these home prices up. I have watched themarket ups and downs with the same concern as these communityhomeowners, In hopes that we are past the market bottom.

All indicators are pointing toward market improvement. As readers willnote in the enclosed stats, there are a few factors that are drivingimprovement.

• fewer distressed property sales in our community• a lower level of inventory available as homeowners hold off on selling• all time low interest rates• continued stabilization of the high rise market

As we go into 2013 we should see a continued demand that outpaces theavailability for homes the area High Rise Communities that will hopefullycontribute to continued price improvement. We will cautiously watchwhat will happen with neighboring Astoria and Skyline – when they willsell -- and look forward to the benefits of an improved economicenvironment.

If you would like to know what these stats mean to you, whether buying selling orleasing please don’t hesitate to call. There are developments planned for the next fewyears that might impact your decision to sell or lease. If you want to evaluate youroptions, call me today.

Call, Text or eMail:Veronica HicksBroker and REALTOR®Cell: 714-336-5551eMail: [email protected]

Facebook.com/condosetcYoutube.com/condosetc@Condosetc

©Copyright Condos etc™ 2010 - 2011

High Rise Community Stats

2012 SummaryThe Plaza Irvine3000 the Plaza

Marquee at Park Place

Veronica HicksCell: [email protected]

Todd JonesCell: [email protected]

PlazaIrvine

3000 thePlaza

MarqueeAt ParkPlace

OC CondoMkt

Average Sale Price $982,328 $1,010,300 $540,587 $333,805

Change from 2011 Up 6% Up 2% Up 24% Up 6%

Number Sold 18 20 21 10,197

Change from 2011 Up 20% Up 33% Down 43% Up 17%

Average Price per Sq Ft $463 / sf $487 / sf $351 / sf $249 / sf

Change from 2011 Down 2% Down 2% Up 25% Down 4%

Days Listed 131 142 18 94

Change from 2011 Down 11% Down 4% Down 522% Down 9%

% Distressed Listings 50% 5% 68% 45%

Change from 2011 Up 50% -- Up 26% Down 15%

Average Lease Price $3,695 $3,985 $3,026 $3,026

Change from 2011 Up 7% Down 9% Up 3% Up 3%

Key Market Indicators:Months of Resale InventoryNon Owner Occupancy*

* Property Tax Assessor’s Office

8.7 Mos32.7%

4.8 Mos23.8%

2.3 Mos50.0%

2.3 Mos50.0%

OC Highrise2012

ActiveUnder

Contract3 mos 6 mos 1 yr

Average Sale Price $1,218,000 $899,000 $970,300 $1,060,628 $982,328

Number Listings 13 2 6 11 18

Average Size 1885 sf 1970 sf 2043 sf 2240 sf 2,028 sf

Avg Price Discount * 14% 14% 9% 9%

Days Listed 168 40 156 147 131

Avg Price / Sq Ft $588 $456 $475 $473 $463

% Distressed Listings 23% 50% 33% 45% 61%

Average Lease Price $3,800 $4,525 $4,059 $3,695

Number Lease Listings 3 3 8 18

Avg Lease Price / Sq Ft $2.77 $2.07 $2.09 $2.17

Leases as a % Of TotalTransactions

19% 27% 42% 50%

Plaza Irvine

* Discount represents the amount of the final sales price compared to the original list price. All sales figures are obtained from the MLS and are deemed reliable but notguaranteed accurate by the MLS or Condos etc. The information represents activity of all Brokers and not just Condos etc DRE Number 01443184.

ActiveUnder


Average Sale Price $673,475 $373,033 $528,300 $563,389 $540,587


Average Size 1,400 sf 1,457 sf 1,572 sf 1,546 sf 1,539 sf


Days Listed 49 179 149 107 18

Avg Price / Sq Ft $481 $256 $336 $364 $351

% Distressed Listings 83% 60% 56% 57%

Average Lease Price $3,605 $3,000 $3,086 $2,925 $3,026

Number Lease Listings 7 1 11 20 44

Avg Lease Price / Sq Ft $2.11 $1.97 $2.08 $2.02 $2.00


64% 69% 69% 68%

Marquee atPark Place

ActiveUnder


Average Sale Price $1,114,800 $784,800 $1,104,900 $966,600 $1,010,300


Average Size 1908 sf 1515 sf 2093 sf 2068 sf 2075 sf


Days Listed 168 182 177 170 142

Avg Price / Sq Ft $570 $509 $528 $467 $487

% Distressed Listings 13% 0% 0% 0% 5%

Average Lease Price $6,500 $4,050 $3,985

Number Lease Listings 0 0 1 7 10

Avg Lease Price / Sq Ft $2.72 $2.26 $2.29


14% 44% 33%

3000 thePlaza

Veronica Hicks2012 Transactions

Irvine Market Sales and Leases

Condo Sales and Leasing Services

Represented SellerSale Price: $905,0003030 ScholarshipIrvine Business District

Represented BuyerSale Price: $725,0005111 ScholarshipIrvine Business District

Represented Buyer & SellerSale Price: $900,0005144 ScholarshipIrvine Business District

Represented BuyerSale Price: $345,990152 Full MoonPortola Springs

Represented Seller & BuyerSale Price: $615,0003031 Scholarship,Irvine Business District

Represented BuyerSale Price: $626,00036 SeedlingPortola Springs

Represented SellerSale Price: $796,6113131 Michelson, Unit 1603Irvine Business District

Represented BuyerSale Price: $715,0008040 ScholarshipIrvine Business District



Represented Seller & BuyerSale Price: $1,400,0005103 ScholarshipIrvine Business District

Represented BuyerSale Price: $1,775,00031 Crimson RoseTurtle Ridge

Represented SellerSale Price: $1,295,0008124 ScholarshipIrvine Business District

Represented Seller & BuyerSale Price: $840,0008111 ScholarshipIrvine Business District

Our 2012 Sales Statistics

• Transaction Sides . . . . . . . . . . . . . . . . . . . . . . . . 77• Average Sales Price . . . . . . . . . . . . . . . . . . . . . . $911,550• Average Lease Price . . . . . . . . . . . . . . . . . . . . . . $3,459• % of the Time we Find the Buyer . . . . . . . . . . . 30%• Sell to List Price . . . . . . . . . . . . . . . . . . . . . . . . . 95%• Sell to List Price When We Find the Buyer . . . 97%

Represented TenantLease Price: $3,20025 DelancyIrvine Business District

Represented TenantLease Price: $3,7005095 ScholarshipIrvine Business District

Represented LandlordLease Price: $3,6005030 Scholarship,Irvine Business District

Represented TenantLease Price: $2,7003131 Michelson, Unit 1106Irvine Business District




Represented Owner & TenantLease Price: $2,8003141 Michelson, Unit 1502Irvine Business District


Represented Owner & TenantLease Price: $3,8008040 ScholarshipIrvine Business District


Represented OwnerLease Price: $4,9003131 Michelson, Unit 1703Irvine Business District






Represented OwnerLease Price: $2,8503131 Michelson, Unit 1003Irvine Business District



Represented TenantLease Price: $4,5003143 Scholarship | Plan DIrvine Business District












Represented TenantLease Price: $2,4002366 WatermarkeIrvine Business District

Represented TenantLease Price: $1,5503413 WatermarkIrvine Business District

Represented Owner & TenantLease Price: $2,5002255 WatermarkeIrvine Business District



Represented 6 TenantsAstoria at Central Park West401 & 405 RockefellerIrvine Business District

Represented 2 TenantsEssex Skyline9 & 11 MacArthurSanta Ana



Call, Text or eMail:Veronica HicksBroker and REALTOR®Cell: 714-336-5551eMail: [email protected]

©Copyright Condos etc™ 2010 - 2011

Find us on:

260 Newport Center Dr., Suite 100Newport Beach, CA 92660

Veronica’s Success …As a Resident of the Plaza Irvine I knowfirst hand, the benefits of this lifestyle andthe challenges homeowners face when itcomes time to sell. My knowledge of thisluxury high rise market and successfully

completing over 300 transaction sidesin this market allows me to guide myclients to make the best short and longterm decisions in today’s market. Expecthonest and straight forward answers abouta strategy that is right for you in thismarket!

Thinking about making a move?

Call Veronica today!

2012 Market Report: Orange County Condos

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