News and Information to Keep You a Step Ahead!



In Memoriam: Michael "Guido" W. Manginelli

It is with great sadness that we mourn the loss of a long time Affiliate member, Mike Manginelli. Mike was a member since 1975.

Mike was born on March 28, 1939 in Bronx, New York and passed away on November 12, 2018. Before Mike was a Title Insurance Representative for over 30 years he served in the U.S. Navy from 1962-1966. He was loved and respected by friends and colleagues in the real estate community.

Our thoughts and prayers go out to his wife, Nancy and family. 

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Orange County REALTORS® is dedicated to providing members with valuable market data to utilize in the business. In order to provide a quick glance at the housing market, an OC Market Snapshot for both detached and attached homes will be posted online each month. Members can use these graphics for marketing materials and listing presentations. Be sure to also review the Monthly Housing Summary for a more comprehensive look at the County. For a detailed look at over 180 neighborhoods throughout Orange County, use OC FastStats.

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The average of inventory for detached homes was 3.3 months which is up 83.3% from November of last year. Attached homes inventory has increased to 3.5 months compared to 2.5 months in November of last year.

The median sales price is leveling off for detached homes at $810,000, up from $795,000 last year. Attached homes are also starting to plateau with a median sales price of $500,000 which is an increase of 3.1% from $485,000.

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Nominations are now being accepted until January 4, 2019 for the Leadership Legacy Award.

Recipients of the Orange County REALTORS® LEADERSHIP LEGACY AWARD must have demonstrated a clear understanding that leadership is not only about being in charge but also about taking care of those in your charge. They must have demonstrated, in the words of Peter Drucker, the ability to “lift a person’s vision to higher sights, raise a person’s performance to a higher standard, and build a personality beyond its normal limitations.”

Recipients of this award must have during an extended period, exceeded expectations and gone well above and beyond to serve their community and the industry. The LEADERSHIP LEGACY AWARD will be presented during the Annual General Meeting of the Orange County REALTORS®. 

If you know of an Orange County REALTORS® member who fits this description, please complete the Nomination Form and indicate your reasons for nominating this person. Include specific comments and examples in
each category.

Download Nomination Form

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California Association of REALTORS® Senior Vice President and Chief Economist, Leslie Appleton-Young, presented the 2019 Housing Forecast on November 27, 2018 to Orange County REALTORS® members. You may view her presentation slides below.

Download Slides



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