The real estate market is downright brutal for buyers right now. But some buyers are getting their offers accepted while others aren't. 

Why is that?

Call them motivated, aggressive, savvy, etc. When it comes right down to it, they are ready, willing and able to answer YES to as many of the following questions as possible:

• Are you willing to make the highest offer?
• Are you willing to offer an escalation clause as part of your offer?
• Are you able to pay all cash?
• Is your earnest money deposit at least 3% of the purchase price?
• Are you able to put more than 20% as your down payment?
• Are you willing to waive the appraisal contingency?
• Will your lender guarantee closing in less than 30 days?
• Are you willing to rent back the property to the seller at no charge for at least 30 days?
• Are you willing to waive all contingencies?
• Are you willing to buy a home that needs work?

The more questions you answered YES, the greater likelihood you have of getting your offer accepted. Willingness to make the highest offer, paying all cash, and waiving all contingencies make your offer a shoe-in of getting selected.

However, what if you don't have $900,000 in cash and/or you don't want to waive all contingencies (which we wouldn't recommend you do anyway)?

Then you have to strengthen the other parts of your offer. 

Any seller would tell you that price is the #1 determining factor of the offer they choose. The price you offer has to meet or exceed their expectations. In many cases, it also has to exceed all of the other offers submitted on the property. 

With 10-30 offers being submitted on a property, price is no longer enough. You have to sweeten the deal with other terms like a shorter escrow period (aka seller gets their money quicker), waiving contingencies like the appraisal, and having as much money in your down payment as possible.  

Sellers can be incredibly picky in today's market, and unfortunately, buyers cannot. Buyers have to be prepared to pay more for a property that probably even needs some updating.  

Yes, it is crazy! We talk about it every day. But the sooner you embrace the crazy train and hop on board, the sooner it will bring you to your stop which is your new home. 

Have questions? Contact us at 949-444-1601 to find out how to become the most successful buyer in your particular situation.

Top 5 Trends in Housing

Now that half of 2021 is over, it is fair to say that specific trends have developed; and it's important that we learn from them.

The real estate market is one of the many hot topics discussed these days as we find ourselves looking in the rear-view mirror on COVID-19. And everyone seems to have an opinion about it. With many of us witnessing the housing crash in 2008, it's hard for people not to think that we are in a housing bubble right now and that a crash is looming. It is important to know that similar to stocks and other investments, the real estate market has its peaks and valleys.  With the ever-increasing home prices, it is fair to say 2021 is a peak year for real estate.  To know what is coming next, it is important to understand trends that are forming around us.

1. The number of available homes to purchase is finally starting to rise. The unprecedented, ultra-low inventory has been the story for over a year now. At the start of last year, there already were not enough homes on the market, and then COVID-19 made things worse when many homeowners opted to not sell their homes. Ultimately, that led to this year’s anemic historically low level of available homes. In fact, today’s inventory is 64% less than the 5-year average of 6,702 homes (from 2015 to 2019 excluding 2020 due to COVID skewing the data). Yet, finally, now that summer has arrived with all of its normal, cyclical distractions, the inventory is on the rise, adding 174 homes, up 8%, within the past couple of weeks, its largest gain of the year. This new trend will continue throughout the summer months.
   
   
2. Demand, the number of new escrows over the prior month, is on the decline after reaching a peak in early spring. Demand typically peaks between April and mid-May. This year, it peaked at the very start of April in Orange County. Many expect the market to behave differently and ignore the seasons because housing is so hot, yet society seemingly likes its routines. Spring is the hottest time of the year in terms of demand. It downshifts during the summer with the kids out of school, planned vacations, and plenty of fun in the sun. Since peaking on April 1st, demand has dropped from 3,110 to 2,906 pending sales, shedding 204, down 7%. Within the past two weeks alone, it dropped by 151 escrows or 5%, its largest drop of the year. This trend should continue throughout the summer months. 
   
   
3. Closed Sales are at its highest level since 2005. Through the first five months of the year, there were 14,469 closed sales. Disregarding last year because COVID skewed the data (35% fewer last year), closed sales are up 22% compared to the 5-year average from 2015 through 2019, an extra 2,627. That pace is the highest since 2005. With demand continuing to outpace prior years, 2021 will be the strongest year for closings since prior to the Great Recession.
   
   
4. Fewer homeowners are opting to list their homes for sale. This trend started last year with the onset of COVID, but dissipated and reversed its course in August last year. When the inventory reached a record low at the start of this year, many homeowners were nervous about selling and worried that there would be nothing for them to buy after selling. Combine that with the knowledge that home values were soaring, many homeowners were more than happy to wait on the sidelines while their equity quickly grew. During the first quarter, there were 3% fewer homes that entered the fray compared to the 5-year average from 2015-2019. In April, there were 10% fewer FOR-SALE signs, 413 fewer. In May, it was 15%, or 641 fewer. In the first two weeks of June, it was off by 19%, or 405 fewer. This trend will continue as long as the inventory remains muted and mortgage rates remain at historic lows below 3.5%.
   
   
5. Pressure is building for mortgage rates to rise, which will impact affordability and demand. During the first week of this year, mortgage rates reached an all-time historic low, 2.65% according to Freddie Mac’s Primary Mortgage Market Survey®. It reached 3.18% on April 1st, but reversed course and dropped below 3% by the third week of April. It remained below 3% until June 24th when it rose from 2.93% in the prior week to 3.02%. It had remained at 3% or lower for 8 straight weeks, but pressure on rising rates had been mounting with inflation readings climbing. Even though the Federal Reserve has been stating that the inflation is “transitory,” or temporary, the U.S. economy is getting a lot hotter, and many are coming to the conclusion that the Federal Reserve needs to slow down their stimulus. They have been purchasing mortgage-backed securities, every day loans backed by Fannie Mae and Freddie Mac, since the onset of COVID. This has resulted in mortgage rates dropping by an additional quarter percent (approximately). Had COVID not occurred, rates would be around 3.75%. By year’s end, they will rise towards 3.5%, and then settle around 3.75% sometime next year. Demand will fall towards trend levels from 2015 through 2019, the inventory will rise to more normal levels, and the market time will slow from its crazy levels of today to a normal Seller’s Market.

The best advice for buyers and sellers: Follow an economic model that relies on facts and data rather than listen to everyone's opinions. Ultimately, an economic model will reveal trends that will help in understanding the characteristics and direction of the current housing market and properly set expectations for buyers and sellers.

Active Inventory has increased by 8% in the past 2 weeks

Of course, those 2,388 homes are just half of what was on the market at this time last year; but it is the largest rise in active inventory in 2021 and its highest level since February. Traditionally, the summer months are slower because of families being active with vacations and outdoor activities. The "re-opening" of California seems to have enhanced this excitement to get out of the house and go places, see things and do things. Sellers are more comfortable putting their homes on the market and allowing people to tour through them. All the homeowners who have been sitting on the sidelines since March 2020 are finally starting to list their homes.

Demand has decreased by 5% in the past 2 weeks

Demand dropped by 151 pending sales in the past two weeks, moving from 3,057 to 2,906; bringing demand to its lowest level since February. Again, summer is traditionally when demand starts to drop. Add the state re-opening and buyers are going to have more on their minds that just buying a home. As summer continues, buyers should find themselves in a better position than back in March or April. For example, there might be only 8 offers on a property instead of 15 or 20. 

With an increase in the supply and a drop in demand, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 22 to 25 days in the past couple of weeks, its highest level since February, but still an extremely Hot Seller’s Market (less than 60 days). It was at 47 days last year and rapidly getting hotter as 2020’s delayed Spring Market had begun. 

What about the distressed market? Everyone asks about short sales and foreclosures. 

Distressed homes, both short sales and foreclosures combined, made up only 0.4% of all listings and 0.3% of demand. There are only 5 foreclosures and 5 short sales available to purchase today in all of Orange County, 10 total distressed homes on the active market, no change from two-weeks ago. Last year there were 29 total distressed homes on the market, slightly more than today. 

Have Questions?

Please contact us at 949-444-1601 or info@theswanteamoc.com.

{Thanks to Reports on Housing for this invaluable information.}

Even though home values are appreciating to record levels, fewer homeowners are choosing to sell.

During the Great Recession, homeowners across the nation watched the housing market take a brutal pounding as their equity vanished in a blink. Many lost their homes to foreclosures or short sales. Everybody was either personally burned or they knew somebody who experienced the painful sting of the downturn. No one wants to go through that again. As a result, homeowners remain in their homes for a lot longer. They are content in keeping their home. There are fewer homeowners who opt to sell every year, and even with record home values, the trend continues. 

From 2000 to 2008, there were an average of 1,347 more homes that came on the market every single month compared to the past 10 years. That is an extra 16,158 sellers every year, 39% more. That has been the storyline for more than a decade, not enough homes are offered for sale. It is not just an Orange County phenomenon or isolated to just Southern California. Nor is it unique to the state of California. A lack of sellers has been a national issue that has plagued the real estate market and made it very difficult for buyers to find a home. 

The lack of supply and years of red-hot demand, fortified by record low interest rates (especially since the start of the COVID-19 pandemic), has resulted in homes appreciating to record levels in Orange County, erasing the losses of the Great Recession entirely. This more than a decade long trend is now the norm. Homeowners are not moving as often as they used to. 

Based upon 2020 closed sales, the turnover rate for the Orange County’s housing stock is once every 24 years, down slightly from 2019’s once every 25 years. It has bounced between 20 years and 25 years for the past decade. Remarkably, only 4.1% of all homeowners opted to sell their homes last year. 

There are many reasons why homeowners in Orange County and across the nation are opting to stay put. After feeling the burn from the Great Recession, many are turning their homes into “Forever Homes.” Most homeowners have refinanced to historically low interest rates, some as low as the mid-twos, making moving a lot more challenging as rates eventually rise.

Most baby boomers plan on staying put instead of downsizing after retirement. Even with the tax basis benefit created by Prop 19 this year, they are not moving like many had originally anticipated. They have been selling at a much slower pace than prior generations. This may be due to a longer life expectancy and a healthier lifestyle. They are happy just aging in place. And builders have not been building homes in the lower price ranges like they did in prior decades. These factors combined have contributed to the low turnover rate in the housing stock. 

COVID-19 intensified the trend of fewer homeowners opting to sell. Last year in Orange County, 6% fewer homes were placed on the market compared to the prior 5-year average from 2015 to 2019. That translates to 2,535 missing FOR- SALE signs. That paved the way to 2021’s lowest active listing inventory since tracking began in 2004. Today, it is not COVID that is keeping homeowners from selling, it is the lack of replacement homes after selling. Many are pointing to the fact that if they sell there will be “nothing to buy,” limiting the number of homeowners willing to participate in a market with such an anemic level of available homes to purchase. In the first half of 2021, 8% fewer homes were placed on the market compared to the 5-year average from 2015 to 2019 (intentionally excluding 2020 due to COVID skewing the data), 1,829 fewer FOR-SALE signs. 

Buyers must understand that the low turnover rate in the housing stock is here to stay. The pandemic did not help the issue either. This trend is here to stay, which means that the low housing inventory is not going to change much for the rest of the year and into 2022 as well. Most homeowners are simply content with staying put.

As a buyer, waiting for a lot more choices is futile. Buyers that opt to wait will be kicking themselves down the road. Instead, cashing in on today’s historically low rates now is the right move. The housing market has the legs to continue at its current trajectory for quite some time. 

Active Listings
The current active inventory was nearly unchanged in the past couple of weeks. 

The active listing inventory added 9 homes in the past couple of weeks, nearly unchanged, and now sits at 2,537 homes, its highest level since January. This year is following a normal, cyclical, seasonal pattern with an increase in the active listing inventory during the Summer Market. Typically, during the Autumn Market, which starts at the end of August with the kids going back to school, fewer homeowners opt to place their homes on the market. It is more disruptive to a family in placing a home on the market after school resumes. This year may be a bit different as many homeowners may decide to take advantage of housing’s strength, which would mean that the active inventory would continue to climb and peak later in the year. The inventory typically peaks between July and August, but this year may be an exception. Only time will tell. 

Last year at the end of July, there were 4,590 homes on the market, 2,053 additional homes, or 81% more. The 5-year average from 2015 to 2019 (intentionally omitting 2020 due to COVID skewing the data) is 6,916, an extra 4,379 homes, or 173% more. There were a lot more choices for buyers compared to today. 

Demand
Demand increased by 2% in the past couple of weeks. 

Demand, a snapshot of the number of new pending sales over the prior month, increased from 2,761 to 2,812 in the past couple of weeks, adding 51 pending sales, up 2%. It is still down 11% since peaking back on April 1st at 3,162 pending sales. Demand will continue to slowly descend from now through the Summer and Autumn Markets. It will then pick up steam and fall at a much faster pace during the Holiday Market beginning the week prior to Thanksgiving. As opposed to last year, Orange County demand is following a normal cyclical pattern this year, peaking during the Spring Market and then slowing dropping after reaching its peak. 

Last year, demand was at 3,200, 14% more than today, with the arrival of a very late Spring Market due to COVID. It is better to compare today’s market to the 5-year average for demand from 2015 through 2019, which was at 2,682 pending sales, 145 fewer pending sales, or 5% less than today. 

With the inventory rising slightly and demand rising as well, in the past two-weeks the Expected Market Time (the number of days it takes a home to go from active to under contract) remained unchanged at an incredibly low 27 days, albeit its highest level since the start of February. It's still an extremely hot sellers market - which means there are a ton of showings, sellers get to call the shots during the negotiating process, multiple offers are the norm, and home values are rising rapidly. Last year the Expected Market Time was at 43 days and dropping. The 5-year average from 2015 through 2019 was at 78 days, much slower than today, but still a Slight Seller’s Market. 

If you or someone you know is thinking of buying or selling a property, please contact us today at 949-444-1601. Our team is here to help you every step of the way - that includes figuring out where you want to be, logistics of moving, cleaning up and preparing, helping with financing, and anything else you may need. Taking care of our clients (not just the transaction) is our #1 priority. 

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Here are the latest percentages showing the year-over-year increase in home price appreciation:

• The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8%
• The S. National Home Price Index from S&P Case-Shiller: 18.6%
• The Home Price Insights Report from CoreLogic: 18%

The dramatic increases are seen at every price point and in all regions of the country.

Increases Are Across Every Price Point

According to the latest Home Price Index from CoreLogic, each price range is seeing at least a 19% increase year-over-year:

Increases Are Across Every Region in the Country

Every region in the country is experiencing at least a 14.9% increase in home price appreciation, according to the Federal Housing Finance Agency (FHFA):

Increases Are Across Each of the Top 20 Metros in the Country

According to the U.S. National Home Price Index from S&P Case-Shiller, every major metro is seeing at least a 13.3% growth in prices (see graph below):

What About Price Appreciation in 2022?

Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there’s some good news on the supply side. Realtor.com reports:

“432,000 new listings hit the national housing market in August, an increase of 18,000 over last year.”

There will, however, still be a shortage of supply compared to demand in 2022. CoreLogic reveals:

“Given the widespread demand and considering the number of standalone homes built during the past decade, the single-family market is estimated to be undersupplied by 4.35 million units by 2022.”

Yet, most forecasts call for home price appreciation to moderate in 2022. The Home Price Expectation Survey, a survey of over 100 economists, investment strategists, and housing market analysts, calls for a 5.12% appreciation level next year. Here are the 2022 home appreciation forecasts from the four other major entities:

1. The National Association of Realtors (NAR): 4.4%
2. The Mortgage Bankers Association (MBA): 8.4%
3. Fannie Mae: 5.1%
4. Freddie Mac: 5.3%

Price appreciation is expected to slow in 2022 when compared to the record highs of 2021. However, it is still expected to be greater than the annual average of 4.1% over the last 25 years.

Bottom Line

If you owned a home over the past year, you’ve seen your household wealth grow substantially, and you’ll see another nice boost in 2022. If you’re thinking of buying, consider buying now as prices are forecast to continue increasing through at least next year.

December 2021 Market Update

2021 has been an incredible year for real estate appreciation. Clients who bought earlier this year have already seen comparable homes sell for tens if not hundreds of thousands of dollars more than their purchase price.  

How long can this last? 

Supply is the main issue is affecting the real estate market. Compared to previous years, there were essentially 50,000 properties missing from the market in both 2020 and 2021. 

2020 started with 21,368 homes on the market in Southern California and we thought 2021 starting with 14,580 was frightfully low. However, 2022 is set to start with just 12,100 active homes on the market. As long as supply and interest rates stay low, demand will remain high and prices will continue to increase. 

The demand is evident in the graph above where you can see that the average days on market is below 30 days for all of Southern California - just 20 and 21 days in San Diego and Orange Counties, respectively. 

And while the average in Orange County is 21 days, the reality is that anything remotely desirable is selling even faster with multiple offers - we are talking within 4 days with 5-10 offers.

What’s even more astounding is how the luxury market is exploding. 

In Orange County, luxury properties are defined as anything over $1.5million. (To put things in perspective, at the beginning of 2020, luxury was defined as anything priced over $1.25million)

Many people feel that home prices can’t keep going up. But there is no other place for them to go. The costs associated with leasing are at an all time high and are pushing more renters towards buying - fueling demand.

For renters/potential buyers, it all comes down to what you can afford monthly.

Taking a closer look at monthly payments and where they stand today, for a $1 million home and 10% down, a buyer is looking at a monthly payment of $3,843 at today’s 3.1% rate. When rates were lower this year, at 2.75%, it was a savings of $169 per month or $2,028 per year. The 5-year savings would be $10,140.

Many expect rates to rise next year to 3.5%. That would be an additional $198 more per month compared to today, or $2,376 per year, or $11,880 over 5-years. At 4%, it would be an additional $5,448 per year, or $27,240 in 5-years. In November 2018, rates reached nearly 5%. That would be an extra $988 per month, or just under $12,000 annually. In 5-years, it accumulates to almost $60,000. 

What does all of this mean?

If you are a renter/buyer, now is still a great time to buy. You will need to make sure you have realistic expectations and understand that patience is key. 

If you are a seller, you are in the driver’s seat and it is a great time to put your property on the market. But it isn’t just as easy as putting a sign up in front of the house. Zillow tried that and failed miserably (see last month’s update for more details).  There is planning and work that needs to be done to ensure you get the most return on your investment, the highest sales price possible AND the most convenient terms for you (ie. when you move out, repairs, etc.). 

That is where The Swan Team comes in. We are here to make the process the most profitable, convenient, and stress-free process it possibly can be. If you or a loved one are thinking about selling, please contact us. We are here to help answer any questions and are happy to share our strategies and plan for your success.

Contact us today by simply clicking on the phone icon at the top of the screen. Or you can always dial us at 949-444-1601. 

Happy Holidays!

Prop 19 gives homeowners over the age of 55 even more reason to sell right now. Watch as Leslie explains how you can benefit from Prop 19.

If you have any questions or would like to discuss Prop 19 with The Swan Team, please contact us at 949-444-1601.

If you have any questions, please contact us at 949-444-1601 or info@theswanteamoc.com.

It's All About Supply

The supply of homes available to purchase today is at an all-time low level, and it is matched with strong demand that is not much different than prior to the pandemic. As a result, the market has been white hot from day one of 2022. It is an unprecedented start to the year that is without comparison. 

As the inventory dropped, housing has grown hotter and hotter. We started the first of the year with only 1,100 properties (houses, condos, townhomes) available to purchase in Orange County, an unmatched, ultra-low home supply that shattered the prior record low achieved in January 2021, at 2,633 homes. Last year’s start crushed the 2013 record start of 3,161 homes. The active inventory had been dropping prior to COVID, but the pandemic further disrupted housing and intensified the inventory crisis. The crisis had evolved into a catastrophe by the end of 2021 as the fewest number of homes come on the market in December and the second fewest in November. That set up the unprecedented start to this year. 

When the inventory is this low, just about everything that is placed on the market is thrown into escrow after being exposed to the marketplace for less than a week. As a result, the Expected Market Time (the time between hammering in the FOR-SALE sign to opening escrow) started this year at 25 days, shattering last year’s record 42-day start. At 42 days, Orange County housing is a Hot Seller’s Market (less than 60 days). 

At 25 days, it is an Insane Seller’s Market (less than 30 days) where buyers trip over each other to see every home that enters the fray, sellers call the shots, multiple offers and bidding wars are the norm, and home values are skyrocketing. (For perspective, we have to reach 90 days on market for it to be a balanced market and 120 days on market for the tide to turn to a buyer’s market.) 

As the market time reaches lower and lower levels, falling further below the 30 day “insanity” mark, there are more showings, more multiple offers, and higher sales prices. With nearly nothing on the market, home values are soaring, and today’s higher mortgage rates are not deterring buyers from purchasing. As you can see below, the most demand is in the $1.25million to $1.5million range in Orange County with the expected market time at just 2 weeks! 

When it comes to demand, we typically quantify that by the number of current pending sales. But with such low inventory, we can't accurately gauge just how much actual buyer demand there is because so many buyers are just waiting for more homes to come on the market. 

The moral of the story: if you have been thinking of selling, there is no better time than RIGHT NOW!

Foreclosures and Short-Sales

In 2020 and 2021, fear-mongering analysts argued that there would be an influx of foreclosures and short sales as a result of the pandemic and forbearance. But as you can see in the chart below, to the great dismay of buyers, they just haven’t materialized. 

What Does this Mean for You?

Whether you are a buyer, seller, or renter, understand that like everything else these days, rent and the purchase price of a property is going to continue to go up. And while I don’t have a crystal ball (but I sure wish I did, Crypto currency), price increases are likely to continue through 2022 and into 2023.

One of the major reasons there is such low inventory is because homeowners don’t know where to go with so few homes on the market. Naturally, the hope of any seller is that they will find their next house, put in an offer that is contingent upon selling their current house, then put their home on the market and have them both close escrow around the same time. In this market, contingent offers aren’t really considered - not when sellers have multiple non-contingent and all-cash offers. The key is to develop a plan and strategy. The Swan Team can help you with that.

BUYERS: Waiting for the market to get easier is not the answer. 

Home values are on the rise and mortgage rates have been on the rise as well. Values are slated to climb between 8 to 10% in Orange County, and mortgage rates could reach or even exceed 3.5%.With rising values and higher rates, payments increase, and home affordability will slowly erode. Waiting is not an option. You will need to make sure you have realistic expectations and understand that patience is key. Not to mention, working with a realtor or team who knows how to get offers accepted is paramount. {Hint, hint: The Swan Team!}

SELLERS: Take advantage of the hot market by pricing a home as close to the last comparable or pending sale.

Carefully pricing will allow you to tap into the throngs of buyers waiting for every home that hits the market. A realistic price will allow you to attract a ton of offers. The bidding war that follows will allow you to obtain a very high sales price, typically selling for a lot higher than the asking price. But you can’t be arrogant and overprice your property. That will lead to fewer showings and fewer (if any) offers.  

When it comes to listing your home, it isn’t just as easy as putting a sign up in front of the house. There is planning and work that needs to be done to ensure you get the most return on your investment, the highest sales price possible AND the most convenient terms for you (ie. when you move out, potential rent back, repairs, etc.).  

That is where The Swan Team comes in. We are here to make the process the most profitable, convenient, and stress-free it possibly can be. If you or a loved one are thinking about selling, please contact us. We are here to help answer any questions and are happy to share our strategies and plan for your success.

Contact us today by simply clicking on the phone icon at the top of the screen. Or you can always dial us at 949-444-1601 or email us at info@theswanteamoc.com.

United Van Lines just revealed their National Movers Study for 2021 based on their exclusive data of customers' state-to-state migrations.

What states did people leave the most? 

It's not surprising that people left New Jersey, Illinois, New York, California and Connecticut at the highest rates - likely because of the high cost of housing and high tax burdens. 

What states did people move to the most?

Vermont, South Dakota, South Carolina, West Virginia, and Florida topped the list. 

Here's the big question: would you prefer to live in the state people are most leaving or the state people are moving to??

Living in Orange County, we are so lucky to be so closed to "the Happiest Place on Earth," a.k.a. Disneyland. When you visit Disneyland, you quickly realize there are many people that really really love Disney - so much so that Disney has decided to build a Disney community in Southern California.

That's right. The creative team behind Disney theme parks, Walt Disney Imagineering has announced they will be designing a master-planned community in Rancho Mirage (Palm Springs area) called Cotino.  The community will feature estates, single-family homes, and condos as well as an "oasis" with a beach park, nearby dining and entertainment, and a hotel.

The community will have a section built just for residents 55 and older and will feature recognizable Disney charm its fans have come to love including Disney cast members. Residents of Cotino will have the option of a club membership which will include access to live shows, cooking classes, and wellness activities as well as its clubhouse, beach activities and water activities.

Walt Disney Imagineering has partnered with DMB Development, which specializes in large planned communities, to build and create Cotino.  

To learn more about Cotino and see renderings of the future community, Click Here.