Households Must Earn $610K to Afford Starter
The California Association of Realtors’ Traditional Housing Affordability Index shows that the minimum annual household income required to buy a median-priced home in Orange County is $146,880 and that just 22% of hopeful homebuyers can comfortably afford that $745,160 price tag.
Oggi’s Sports, Brewhouse, Pizza donated to 25 charities in honor of its 25th anniversary in December, with items including sleeping bags for homeless military veterans, food for shelter animals, and toys for underprivileged children.
Carried $69 Million Price Tag Last Year
La Casa Pacifica, once home to President Richard Nixon and also known as the Western White House, is back on the market with an asking price of $63.5 million.
The Pacific Life Foundation said it plans $6.25 million in charitable funding this year.
NB’s 92661 Has Highest Average Price at $6.5M
Orange County’s most expensive luxury homes, defined as being in the top 5% of the market, were found in the 92661 zip code last year, which includes Balboa Peninsula in Newport Beach.
Mission Hospital 21st annual Holiday Gala raised more than $1 million on Dec. 3 at the Monarch Beach Resort in Dana Point.
Off-Water Home Sells For Eye-Popping $28M
Coastal Orange County is renowned for its beauty, from the wide expanse of sand that hugs the ocean in Huntington Beach to the rugged cliffs of North Laguna.
About 650 Pacific Investment Management Co. employee volunteers, friends and family members gathered on Dec. 3 at the OC Fair & Event Center in Costa Mesa to pack 12,000 holiday meals for families in Southern California.
Numbers Reflect Brisk Activity, Pace on Sales
How did the Orange County luxury market do last year?
Stadium Sports, Outdoor Living, Even a Tower
Orange County boasts some of the most impressive homes in the country, from sprawling European-inspired estates that grace the low hills of Coto de Caza to the modern masterpieces with endless ocean views.
Orange County’s top philanthropists, business leaders and others were honored at the 31st Annual National Philanthropy Day Orange County Awards Luncheon on Nov. 17 at City National Grove of Anaheim.
.30-Acre Parcel In Laguna for $14.8M
Orange County’s most expensive communities are concentrated along the water.
Nonprofit group Project Access honored Mazda at its 11th Annual Keys to Success Gala and fundraiser amid a collection of timeless automobiles at Crevier Classic Cars in Costa Mesa.
About 160 on OC Market, Two Priced Above $4M
The Orange County luxury housing market, defined in the real estate industry as the top 5% of homes sold in a given quarter, regularly sees single-family homes garner $5 million, $10 million and even $20 million.
Irvine Public Schools Foundation celebrated 20 years of impact at the seventh annual Spirit of Excellence Gala and Auction on Oct. 22 at Kia Motors headquarters in Irvine.
Over 150 Homes Go For More Than $5M So Far
2016 has been a strong year for luxury home sales in Orange County.
Sept. 24 marked an evening of celebration as over 300 guests gathered at the Island Hotel in Newport Beach for the 22nd annual Laura’s House Gala.
Notches $1.27M Average Sale Price in 1st 6 Months
Realtor.com released its annual Luxury Homes Index in September evaluating home transactions for the top 10% of the market in 277 U.S. counties and 63 metropolitan areas in the first six months of the year.
More than 350 Orange County people gathered on Sept. 24 for Discovery Cube’s Wild West at the Cube annual gala, which raised more than $1.1 million for science education.
Rundown of the Biggest Price Tags by County
Exclusive enclaves up and down the Southern California coast boast extraordinary estates that are awe-inspiring, and their prices can be equally so.
First Foundation, Brookfield Residential, Kia Motors, Avalon Bay Communities, Southern California Gas, Ernst & Young and several other Orange County businesses joined together to sponsor Families Forward’s 32nd annual gala, An Evening of Hope.
Homes in Range Fetch 94% Of List in Recent Months
The luxury home market in Orange County is defined by the Institute for Luxury Home Marketing as the top 10% of overall home listings.
The world tour celebrating the 100th birthday of the late founder of Lamborghini sports cars made its first pit stop in the U.S. at the Marconi Automotive Museum in Tustin in the form of a fundraiser to help feed and house Southern California’s “motel kids.”
Mediterranean-Style Luxe To Inland Deluxe
The luxury market in Orange County is booming.
Award-winning charter school NOVA Academy Early College High School unveiled its new four-story, 37,000-square-foot educational facility in Santa Ana on Aug. 22. It purchased the building last fall for $8.3 million. Opening ceremonies included the cutting of a red ribbon on the front doors of the school, student speakers, and tours of the building.
14 High-End Transactions Close So Far This Month
Luxury home sales in the first three weeks of August continued the brisk pace set in June and July, with 14 transactions above $4 million closing in the first three weeks of the month.
More than 500 “foodies” gathered at Montage Laguna Beach on May 15 for the city’s premier culinary event for a cause, Laguna Beach Taste of the Nation for No Kid Hungry.
Say High-End Clientele Seek ‘Bespoke Experience’
It’s little wonder that coastal Orange County may seem like the setting for a novel, with its expansive ocean vistas, low rolling hills and wide blue skies.
24 Transactions Totaled $160M, Besting June, May
July may be the hottest month this summer for luxury home sales in Orange County, based on figures from online real estate aggregator Redfin.
The 20th annual Stars & Stripes Tournament, a four-day fishing, golf and music fundraiser, reeled in a record-shattering $3 million for youth organizations in Orange County and Mexico.
Third Agent’s the Charm To Move Modern Mansion
The custom contemporary mansion at 331 Monarch Bay Drive in Dana Point sold on June 27 for $8.3 million, under its January $9 million list price.
Clients’ Peace of Mind On Money Unites Employees
Economists and financiers traditionally measure success by examining an organization’s income statement, balance sheets and cash flow statement.
Swinerton Staff Chip In Like Any Good Site Crew
They’ve been to conferences in Vegas, although they have yet to claim spots at the Black Jack table. They’ve been to Germany during Oktoberfest but abstained from indulging in that country’s most famous beverage. They’ve sat in on some of Swinerton Builders’ most important meetings, a noticeable, if silent, presence. The pair stands stoically, one man holding a set of building plans, the other his arm outstretched, pointing off into the distance.
Staff’s Interdependence Keeps Passco Healthy
Kendall Parisi, corporate designer at Passco Companies LLC, looked over the numerous stacks of marketing supplies, brochures, and trade show materials spread across the conference room table.
More than 800 leaders of the Orange County legal community celebrated the Public Law Center’s 35 years of helping the county’s poorest and most vulnerable residents at Hotel Irvine on June 20.
32 Deals Top $4M In June; 2 Exceed $10M
Thirty-two home transactions above $4 million closed in June, including two that captured sales prices above $10 million.
Other items of interest Orange County Business Journal Vol. 39, No. 28
University of California-Irvine and the other schools in the UC system increased the number of California-based students they offered admission for the year starting in the fall.
Goodwill of Orange County opened its Thomas T. and Elizabeth C. Tierney Center for Veteran Services building in Tustin, an all-in-one resource for military veterans living in Orange County and their families.
Where Communication, Collaboration, Success Intersect
Michelle Jordan ventured across the Atlantic Ocean decades ago in pursuit of her personal version of the American dream.
Popular Features Include Water Walls, Sunken Patios
Orange County’s flawless summer days invite relaxation, and some of its luxury backyards boast features on par with five-star resorts, begging the question: “Why would anyone need to leave home to go on vacation?”
Microsemi Corp. partnered with Discovery Cube for the company’s Corporate Cube Challenge on May 19, a first-of-its-kind fundraiser that took in $250,000.
Jumps 9%, With Balboa Peninsula Average Tops
Orange County’s luxury home market saw 25 transactions close between $4 million and $12 million last month, when the median price for a home along the coast was just under $6 million.
The arts and the art of leadership took center stage May 12 in the Samueli Theater at Segerstrom Center for the Arts in Costa Mesa at the fourth annual “The Mayor’s Celebration
16% of Luxury Sales Last Year, All-Cash Sales Up
Orange County, with its 42 miles of beaches, average year-round temperature of 70, and ready access to a wide range of recreational activities, is a perennial vacation destination. The California Travel and Tourism Commission says 47.4 million people visited here last year, up 2.6% over 2014. International travelers are the fastest-growing segment of visitors, reaching 13.8 million last year, according to the commission.
Philanthropy for May 23, 2016
$1K-Plus; Highwater Marks in Laguna, CDM
The luxury homes market—defined by real estate experts as the most expensive 5% of homes sold in a given quarter—has reached a new milestone in Orange County this year.
Applied Medical, Lugano Diamonds, PIMCO Foundation and Balenciaga were among the major sponsors of Court Appointed Special Advocates’ annual Celebration of Children: Black & White Ball on April 16 at The Ritz-Carlton, Laguna Niguel in Dana Point.
Make US Listing of Elite Cities, Including Aspen
The Luxury Market Report released April 7 by Coldwell Banker Previews International found that Newport Coast and Laguna Beach experienced big increases last year in sales in the $10 million-plus category.
United Cerebral Palsy of Orange County’s annual black tie gala, Life Without Limits, was held April 2 at the Balboa Bay Resort in Newport Beach.
Executives Leverage Popular Practice to Help Them Manage Business, Personal Lives
Joe Duran, six months after discovering yoga, saw that the mindfulness and self-awareness he’d gained as a student of the practice had another benefit. That’s when it helped him maintain control during a confrontation with a colleague that could’ve gotten negative.
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