Tagged: Stanley Bae Orange County

Changing Trends and Growth in the Real Estate Market in South California

California is a growing hub for the real estate business and is seeing improvement in the sector after 2022. In this regard, Stanley Bae of Orange County, California, states the difference between the growth of luxury sales in the state with ongoing population distribution California is set to face evolution shortly. This is where the real estate market has seen an improvement in luxury home sales during 2022. It depends from one city to another, and people from different classes in California seek homes of various ranges.

Let’s focus on the trends affecting California’s real estate market.

Is the possibility of more sales of luxury property?

Despite the ongoing problem of the pandemic, there is a change in the record with more sales in the luxury home that are evolving in the markets of San Diego towards Santa Barbara. Besides, the trend has accentuated the demand and seems to bring in profit for the real estate property investors.

What are the predictions for real estate in California in the current year?

California luxury property sales market is growing and coping with the year’s trend to becoming the hottest in the US market. Due to problems with supply constraints and increasing home prices in California, resulting in lower home sales in 2022. One should focus on California’s property dealings and conditions before investing in it.

As per reports for 2022, the single-family home sales total almost 416 800 units. It is almost a decline of 5.2 per cent from the previous year’s result, which was nearly 439, 800
California’s home price has risen to almost $834 400 by 2022. In addition, there has been an increase of nearly 20.3 per cent, reaching $793 100 in 2021.
Therefore, house affordability is expected to come down to 23 per cent in the coming year from a rise of almost 26 per cent in 2021.

The latest market forecast shows a 5.2 per cent decrease in the single-family sale in the coming year to almost 416, 800 units and has depreciated from 439 800 units in 2021. However, as per the report for 2021, it is nearly 6.8% more than 411, 900 households sold in 2020. California realtor association shows how gross domestic product expands by 4.1 per cent by 2022, and it happened after a 4.6 percent rise in 2022. It is further seen that the 30-year fixed mortgage rate will increase to 3.5 per cent, which has been 3.1 per cent in 2020 and 3.0 per cent in 2021.

What has come up due to summer market trends in California 2022?

The realtor association of California gives an updated real estate market report to show the data that reflects the changes during June 2022. The information demonstrates how the market cools down with a decline in home sales compared to the previous years. However, it can be good news for prospective home buyers. This further indicates that prospective buyers don’t have to face competition when they plan to invest in homes in 2022.

Per market trends, 344, 970 single-family homes were sold in 2022, which shows a decline of almost 8.4% from the previous month. Moreover, it is a massive decline of 21% from the past years. The trends show how the real estate scenario cools down from its frantic phase during 2021.

Tips to follow to invest in Orange County Real Estate

When investing in real estate in Orange County, one should be aware of the following tricks. Knowing about the latest real estate market trends can make things simpler and investing in the right option. Choose the property in such a way that you can double your money after some years. It is where the following tips can guide you right for the best results.

Manage your finances right

Determine how much you can give as a down payment and what you can spend. Once you get your limits, it becomes easy to invest. Don’t waste time looking for options outside your range.

Stay updated

If you are updated about what’s going on in the market, you need to do some research. Find out the areas that rent the best and how they are declining or growing in its price. This finds the best investment options and informs one about the essential facts to invest in the right option.

Shop around for the best option

You can hire agents who have better knowledge about the market and can inform you on how to invest in California real estate. This is you need to hire an expert agent who is reliable and has an understanding of terrible liability and a significant investment. After that, the investment moves around finding the right facts and investing in the right place.

Don’t want more than you can get

You may get distracted by a great place. But you have to consider whether you can afford to live in it. With this, you can be in great trouble. However, the real estate deals are good to invest in if they are within your budget and can give you good returns. Don’t forget to do a financial and physical evaluation of the property and not get stuck with something that you cannot afford to have to resolve later on. You can expect this from specialists like Stanley Bae of Orange County.

Location is a primary factor

You can get most of the details online; location is a primary one in these. Depending on this, you have to decide on whether it would be a suitable real estate investment. Check online information about school districts, crime rates, and other relevant details. You can invest in upcoming areas but don’t forget to search for them before investing. This is where an agent can guide you right for the best results.

These vital points can guide you with the right investment plans and help you get better returns after years. Try to go for realistic offers only by comparing homes and investing in the right option.

Stanley Bae Orange County

Top Places to Visit and Foods to Try in Orange County During Winter

Traveling is both a physical and mental satisfaction that drives travelers away from the daily humdrum of today’s bustling life. It’s a rejuvenating and refreshing experience for people who need a break from their hectic schedules.

Winter is the most excellent time when people plan to book their trips far and wide. Whichever time you consider, without treating your taste buds with the place’s local cuisines traveling remains incomplete. On this note, here’s a guide to the top places to visit during the winter.

Is It Worth Visit The Orange County in California?

If preparing a voyage in California, plan your California trip by understanding a few things. Orange County is the most celebrated place that witnesses a lot of tourists from far and wide. If you plan to visit Orange county, take advice from Stanley Bae of Orange County. This motivated and forward-thinking entrepreneur in Orange County is a lover of food. Stanley recommends every traveler to visit Orange County during the winter times.

The most excellent time to visit the place is between December and February. Experience Mother Nature in the most natural attire during the winter season! Don’t worry; you won’t get snow or ice in this region during winter. The region’s warmth is excellent to impress you. While winter is not a perfect time to chill near the ocean, Orange County gives you an option for outdoor recreation.

Newport Beach and Crystal Cove State Park are hidden gems for all hiking enthusiasts. Here’s enlightening you on these trips.

#1 Newport Beach

Excitement and fun are easy to find when in California. If you are interested in a weekend away or a day out, include Newport Beach in your itinerary. From romantic dining destinations to family-friendly trips, the region serves it all. Check out the highlights around Newport Beach & immerse in the memorable adventure with your spouse, family, or friends.

Visit Balboa Island, which offers amazing opportunities for snacking. The famous foods you can try out are chocolate-dipped berries, salt water taffy, and beef hot dogs. Choose your favorite toppings and enjoy the taste of these local munchies. The famous treats are twice-dipped in dark chocolate, chocolate, cherry dip, or peanut butter and rolled in toppings such as crushed nuts, sprinkles, or even cookie crumbles.

Want to enjoy Whale Watching? Visit Newport Beach as it’s popular for year-round whale watching. From December to April, witness the gray whale migration. If you wish to visit during the summers, discover killer whales, blue whales, and finback whales from May to November. It’s a great spot for dolphin watching too.

You can also shop at Lido Marina Village – your one-stop destination for boutique shopping at this point. Choose designer swimsuits, upgrade your travel accessories, shop for fine jewelry, and have loads of fun here. Visit the Sherman Gardens for breathtaking sights and scenic walks.

#2 Crystal Cove State Park

Want to experience the fullest beauty of California’s coast and picturesque views? If yes, consider paying a visit to Crystal Cove State Park. Situated in gorgeous Orange County, it has it all. Besides natural seashore, it has beaches, tidepools, wide-open spaces, and towering bluffs for epic camping and hiking.

These gorgeous beaches stretch over 3.2 miles of coastline. The whole park is enormous and isn’t limited to just coastlines. Located directly on the Pacific Coast Highway between Laguna Beach and Corona del Mar, it is quite easy to access. It’s a perfect destination for day trips and weekend getaways!

You can rent a Crystal Cove cottage. It’s so astoundingly charming and beautiful that even locals plan out a trip out here. Some cottages get used for visitor services, community outreach, and educational programs. They are located on the beach itself. And everything from studios to one or two bedrooms and dormitories are included.

All in all, planning a trip to Orange County during the winter is an amusing affair. You can plan your trip and get a taste of local cultures during the time. Experience local people immersing in their rituals in Newport Beach Christmas Traditions held during the season. Other events you can experience include Fashion Island’s Annual Holiday Tree Lighting Party and Lighting of the Bay at Newport Dunes.

Enjoy occasional snowfall during the time. Pack a pair of boots along. Get a taste of red wine and wood fire with your friends and family. Are you looking for outdoor adventures? Never miss out on trying mountain biking. Visit Mount Canobolas and Lake Canobolas to enjoy these intriguing activities.

What Foods to Try When In Orange County?

Besides traditional pizzas, pasta, and sandwiches, there are killer food items around the world you possibly don’t know about. If you consider yourself a voyager and explorer from the inside out, you must try out these revered foods. Stanley Bae recommends the following food items to one and all when in California. So, if you plan to visit Orange County in California recently, please treat your taste buds to these food items.

Ramen Burger
Ramen Burrito
Fish Tacos
Mac & Cheese
Sushirrito
Burrito

Being in Orange County and not treating your taste buds with these foods would only make your trip unjustifiable. Orange County’s restaurant scenarios are becoming more prominent lately. With the growing demand for dining out, restaurants in Orange County are emerging at lightning speed. If you want to be a part of the new food revolution, please book your tickets to Orange County.

After everything else

The city has an international airport –John Wayne Airport. It’s connected to around 20 cities around North America. If you want to plan a weekend getaway from Los Angeles, you can take a car and travel to the city. Besides Uber and public transport, local taxi services are also available for rent. So, now that you have prepared your mind to plan a trip to Orange County, list out these aforementioned things and taste these dishes when in the city.

Stanley Bae Orange County

What is the Best Time to Visit Orange County, California?

Orange County, California, is perfect for visiting during all four seasons. It offers the perfect combination of sandy beaches and mild-year-round temperature. But still, the best time would depend on your interests. From having the best experience in luxurious spas to enjoying surfing, it has a lot to offer travel enthusiasts.

Winter time – months of December, January, and February

When visiting Orange County during this time, you can enjoy its beauty to the fullest. If you are bored of snow and icy cold regions, the warmth of this place would be great to visit. Though winter isn’t the right time to chill in the ocean, there are options for outdoor recreations. In this, Crystal Cove State Park and Newport Beach are the best for hiking.

The annual events such as Newport Beach Christmas Traditions are worth visiting during this time. Other events include Lighting of the Bay at Newport Dunes and Fashion Island’s Annual Holiday Tree Lighting Party.

You may experience occasional snowfall during this time, so it is better to get your boots along. Enjoy the wood fire and red wine with family and friends. If looking for outdoor adventures, don’t miss trying mountain trail biking or visiting Lake Canobolas and Mount Canobolas. Walking amidst bush in locations like Ophir and Federal Falls would be perfect for enjoying the beauty of the winter in Orange County.

Spring Season – Months of March, April, and May

Are you looking for a quiet gateway with a fantastic gateway to enjoy Orange County in its full glory? In that case, spring is the secret season when temperatures remain between 50 and 60 degrees. If hiking is your favorite outdoor recreation, there are several options for having a splendid time.

Stanley Bae suggests trying the fantastic cuisine from around the world. It has almost everything you crave, from global cuisine to authentic American eats and others. So, don’t miss trying the Newport Beach Restaurants. There won’t be a huge crowd outside the eating joints.

The sign of spring arriving is one of the romantic scenes to witness here. The pleasant temperature gives rise to blossoming flowers with mesmerizing sceneries.

The parks have traditional Victorian trees, straight in line. In Cook Park, the Park Guildry shouldn’t be missed
The ‘Bastick Cottage’ has evidence of local craftsmanship
The botanical gardens should be included in your list. Be it a walk or a picnic, this place has its charm
The village of Carcoar is just a short drive from Millthorpe and a wonderful place to explore
The famous Western Plain Zoo is another option to try

Is it right to visit during the summer months?

Stanley Bae of Orange County, California, believes the summer months are famous here. Even though the temperature remains high, it is perfect for spending outdoors and exploring California beaches. The place will be a little crowded at this time, but the area’s beauty is worth visiting.

During this time, beach surfing is a must-try fun activity. Stanley Bae suggests the beginners take a surfing lesson before going for it. If you want to try some serious surfing activities, the northernmost point of Balboa Peninsula is suitable.

Enjoy picking berries at farms, and one of them is Huntley Berry Farm. You can visit this for berry picking from October to April. You can have the sweetest strawberries during this time. It has an adjoining café to spend quality time with friends and family. Lake Canobolas offers an excellent walk, just 35 minutes from this café. This lake blooms in its full form almost during all seasons.

Is it worth visiting California in the fall time?

The fall season, from September to November, is another option for a quiet getaway. Even though tourism falls during this time, it is a good time to experience to place. The sunny days and the skies would be in full beauty to enjoy at the shore. The Newport Beach Thanksgiving would be perfect for enjoying at this time.

Here, you can witness the Autumnal change in color of leaves and how the gardens and parks display their color in full form. Cook Park, Elephant Park, and Campbell’s Corner are some of the best places to enjoy the place’s charm. Autumn is also a busy time for the local producing sectors. You can get apples, pears, figs, olives, and saffron throughout the year.

List of popular beaches to Explore in Orange County

Communities you shouldn’t miss when going to Orange County are:

Laguna Beach – The place was home to painters, artists, and photographers. It is mainly due to the picturesque coastline of coves and pools and magical light that helps the artists use their creative minds.
Irvine – Irvine is the largest city, and the University of California is located here. People here mostly belong to Asian descent, and one can try noodles, dim sum, and other cuisines in the city restaurants here.
Huntington Beach – It is at the northern end of the country and a famous place for surfers. Here, you can explore Bolsa Chica Wetlands and 390 different species.
Newport Beach – This casual beach town is famous for its happening shopping destinations. Here, Manmade Balboa Island is a must-visit place.
Anaheim – This closely joins Disney’s California Adventure Park and is a famous place to include in your itinerary to Orange County.

The city’s international airport, John Wayne Airport, is well connected to its 20 cities across North America. You can also take the Los Angeles Airport, which takes less than an hour by car from Huntington Beach or Anaheim. Besides public transport and Uber, local taxi service is convenient and easy to rent to explore various destinations in the city. So, no matter the time of the year, Orange County has a lot to offer its travelers and help them create the best memories on the trip. This is what Stanley Bae of Orange County would suggest a traveler plan for the journey.

Stanley Bae Orange County

California Real Estate Market Trends for 2022

Stanley Bae Sacramento California large house with pool

From San Diego to Sacramento, California is in the midst of a seller’s market, making 2022 the year that you could finally cash in on your real estate investments. Stanley Bae from Orange County California says that between growing luxury sales and ongoing population redistribution, the California real estate market is set to face a few major trends in the coming months. Stay up to date and catch the wave to cash in big.

California real estate analysts expect to see a continued upswing in luxury home sales throughout 2022. However, this is offset by an ongoing exodus from higher-cost cities as more and more middle-class Californians seek out homes in affordable areas. Combined together, housing prices are expected to rise nearly 5%, making 2022 a good year to sell your home.

In this quick overview, we’ll explore three major trends affecting the California real estate market in 2022. Put this information to good use and stay up to date with all the latest market trends here!

Analysts Expect More Luxury Sales in 2022

Despite ongoing COVID-19 woes, 2021 was a record-breaking year with more luxury home sales than ever before. 2022 looks set to continue this trend as more and more luxury homes come off the market from San Diego to Santa Barbara. In fact, the trend has accelerated so quickly that the market seems to be short on supply.

In Los Angeles and San Francisco, there just aren’t enough luxury homes to meet demand according to real estate brokerage firm Hilton & Hyland. This lack of available supply is keeping the market competitive as wealthy Californians continue to look for top-of-the-line housing. For now, though, they will just have to wait to move into their luxury abodes.

Middle-Class Exodus Continues in 2022

The so-called ‘California Exodus’ might not be as drastic as some would have you believe but there’s no doubt that many middle-class Californian families are struggling to pay the astronomical costs of living within California’s most expensive cities. Understandably, they’re moving out and heading to the suburbs.

Currently, 4 of the top 10 busiest commuter cities are around the Bay Area. This growing trend highlights a need for more affordable housing and a sudden doom throughout California’s smaller towns and cities. This trend is expected to continue throughout 2022 as housing prices continue to rise.

Stanley Bae from Orange County California foyer

California Housing Prices Continue to Rise in 2022

COVID-19 has made it harder for construction workers to break ground and build new homes throughout the state. This has understandably led to a lack of available homes in a state where the rich are hoping to purchase luxury properties and the middle-class are looking for new, affordable homes in the suburbs.

With high demand and low supply, housing prices have been driven up and are expected to rise an additional 5% over the next year. This growing trend is good news for anyone wanting to sell their home but puts many middle-class families at a disadvantage as they look for cheaper mortgages.

Final Thoughts

If you’re wanting to buy a new house in 2022, California might not be your best bet. With a lower supply of available properties, housing prices have soared. However, if you’re a California homeowner wanting to cash in on your investments, now is the time to sell your home.

Stanley Bae Orange County

Growing Business Sectors in California

With the largest state economy in the United States, California is continuously expanding its diverse industries. As a result of its increasing population in the 21st century, this state has more businesses now than ever. Finding a job or developing your business in California’s growing economy can be a fruitful endeavor if you know which industries are prominent.

Check out our guide, which navigates the industries developing the quickest in the West.

Real Estate and Construction

Employment in real estate has risen in recent years, and it will continue to grow as more people sell their houses, and others buy them as they move to California.

According to Stanley Bae, the housing market in Southern California has been booming due to high buyer demand and low inventory. Since the 2009 recession, the state has recovered and built itself back up stronger than ever before. As the housing market adapts to the ever-changing population of the state, real estate, and construction continue to be leading sectors expanding at unprecedented rates.

California attracts diverse groups of individuals looking for economic opportunity, culture, and fulfillment in life; the growing housing market has newcomers and returning citizens’ backs as this industry develops.

Technology and Information

Silicon Valley is not only considered the tech capital of California but also of the United States. Giant companies like Google and Apple have defined the Valley due to the world’s reliance on technology. The need for digitization in all sectors has led to the ever-growing success of the technology industry.

With the demand for developers on the rise, the tech industry contributes to a large number of jobs. The U.S. Bureau of Labor Statistics reported that monthly employment averaged 586,000. The information transmitted within each sector is dependent on technology.

Agriculture

The drought in California damaged the population significantly as the availability and quality of water sunk. Following recovery, the state improved its farming practices becoming one of the United States’ leading producers, supplying vegetables, fruits, nuts, and wine. Along with this success, you have the state’s significant presence as an exporter as well.

With its recent positive changes, the agricultural industry remains to be one of the state’s quickest expanding sectors. As the world will never stop needing produce, this industry will always develop and become more enhanced by new innovations.

Healthcare

Increased implementation of electronic health records contributes to the expansion of the healthcare industry. Along with the aging population and the necessity of disease treatment, healthcare in California will continue to develop exponentially. The state’s Employment Development Department reported that of the fastest-growing jobs, most of the top occupations are within the healthcare industry. As people are becoming more conscious about their physical health, they are also focusing special attention on their mental health. Assistants for physicians and nurses are becoming more and more needed. It is clear that the healthcare industry will never stop growing, especially in California.

Retail Trade

Salespeople are essential to the continued growth of our economy. Without them, convenience stores, department stores, maintenance offices, and food preparation hubs cannot function at the efficient rate that we need them. Their work has proven to be pivotal to the operation of our daily lives.

In the United States’ capitalist society, citizens rely on workers in retail trade to facilitate sales. Therefore, their sector is expanding as more and more people move to large states like California. A leading exporter in agriculture, the state requires a large number of retail trade workers. Restaurants and stores are always looking for workers who can add to their team and their workplace’s efficiency.

Administrative Support

People who provide administrative support tend to be overlooked by society as their work is downplayed. Still, in reality, they are greatly needed, and their sector is growing more than you’d think. People who work in security, housekeeping, janitorial, mail, landscaping, and labor offer their valuable skills to ensure efficiency. As a result of their necessity, employment in this industry is ever-growing. Their much-needed work constantly demands workers; therefore, it will forever grow throughout time. With its exponentially increasing population, California will always need more administrative support workers.

The Takeaway

Maintaining a business or getting a job in California becomes less challenging when you know which industries are expanding at the fastest rates. Whether you are working in real estate, construction, healthcare, agriculture, retail, or government, the technology industry will have a major presence as it has become necessary for all work operations. Rates of employment are increasing at high rates in the state due to the constantly changing population and the necessity of diverse resources and services.

No matter where you work in the state, you are likely to have a life-changing work experience as millions of people like you navigate the growing sectors.

Stanley Bae Orange County

The Top Reasons to Visit Orange County, California

Discover Orange County, the heart of southern California. Stanley Bae resident knows all about the hot spot’s visitors need to experience while in Orange County.

Disneyland Park. The Disneyland Resort offers 2 world-class theme parks—Disneyland Park and Disney California Adventure Park—each with its own unique attractions, shows and restaurants. Disneyland Park has Adventureland, Critter Country, Fantasyland, Frontierland, Main Street USA, Mickey’s Toon town, New Orleans Square, and Star Wars: Galaxy Edge.
Newport Beach. Picturesque sandy beaches, majestic coastline, infinite recreational activities, award-winning dining, and world-class shopping. Newport Beach is undeniably scenic. The coastal city in California has magnificent beaches and one of the best surfing spots in the world, the Wedge, alongside cultural treasures such as the Orange County Museum of Modern Art. Enjoy the buzzy harbor, wide open parks, art galleries and a spot of whale watching.
Laguna Beach. Seven miles of pristine beach with oceanfront accommodations, gourmet dining, world-famous festivals, and hundreds of local artists. With more than 30 coves and beaches, Laguna Beach is the ideal spot for luxurious coastal fun. Whether you enjoy snorkeling, swimming, surfing, paddle boarding, playing volleyball or exploring the tide pools, there is approximately eight miles of coastline, which offers something for everyone.
Huntington Beach. Near Disneyland, Knott’s Berry Farm, Beaches, Aquarium, and Bird Watching. Huntington Beach is a seaside city within Orange County in Southern California. It is bordered by the Pacific Ocean on the west and has been long known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City.
Dana Point. Dana Point is the Dolphin and Whale Watching Capital of the World™ and tour boats leave daily from the 2,500 boat and yacht slip marina. Located halfway between San Diego and Los Angeles, the destination offers everything from sunset wine cruises and luxury spas to surfing and ocean view golfing.
San Clemente. San Clemente is a gorgeous coastal city full of culture and history. The entire city is full of things that you can do and explore. The Spanish style architecture in the city is magnificent and worth swooning over. … Visit this lovely, picturesque town to experience the coastal life of California.
Anaheim. Anaheim is the second-largest city in Orange County in terms of land area and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team.

There are so many things to do in Orange County. There are endless beaches to enjoy, amusement parks, sports, restaurants, art & culture, and the amazing nature outdoors. Come see all what Orange County has to offer!