The real estate market is rebounding in Carmel Valley

130009339-19There are signs that the real estate market is rebounding in Carmel Valley. With less inventory, fewer foreclosures, low interest rates and buyers looking for deals, the market is returning to a more normal market. Here is a market snapshot to give you an insight into what is happening currently in the Carmel Valley real estate market:

Stats

According to Trulia the median sales price for the period November 13, 2012 to January 13, 2013 was $635,500, up 3.1% over the same period last year.  The number of homes sales remained about the same. There are currently 71 resale and new homes for sale as well as 39 homes in some stage of foreclosure. The average listing price for a Carmel Valley home during the week ending February 13, 2013, was $1,659,905, reflecting an increase of 1.6% compared to the week before.  So all in all, market trends indicate that 2013 will continue to be a strong real estate market.

Popular Carmel Valley communities

Carmel Country Highlands offers residents some of the area’s finest living with great schools, parks, breathtaking views and ocean breezes, golf courses, nature trails and so much more. You will find other great new home neighborhoods such as Carriage Run and The Ridge at Saratoga, Brightwater, Watermark at Pacific Highlands Ranch and Terramar at Torrey Highlands.

Fairbanks Ranch

Rich in history, in the early 20th century, silent film star Douglas Fairbanks purchased 3,000 acres in this area referred to as Rancho Zorro. The only real estate was his home.  Today,  Fairbanks Ranch is one of Carmel Valley’s premier neighborhoods located near the coast where you can find exclusive estate homes. With nearly 100 acres of natural and beautiful surroundings, you won’t be disappointed in this gated community.

With so many fabulous Carmel Valley communities to choose from, it is no wonder why this area has become one of the most sought after and desirable places to live and own real estate. If you are thinking about buying or selling Carmel Valley real estate, now is a great time. Motivated sellers with well-priced homes are finding their homes selling quicker now. Buyers can still take advantage of the affordable Carmel Valley home prices and low interest rates. Working with a Carmel Valley Realtor is recommended to help you with your buying and selling needs. A local Realtor understands how unique the Carmel Valley real estate market is and can save you time and money.

Article contributed by San Diego Home Sales on the Carmel Valley real estate market

Advantages of Hawaii Real Estate Investing

Old John T. Waterhouse, Jr., home, Wyllie St.,...
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If you have a bit of money and you are wondering which is the best investment idea for you, you should consider real estate investments, because they offer a great deal of advantages over any other kind of investment you could make.

If you compare the real estate business with other kinds of investment, such as mutual funds, currency investing or investing in silver or gold, you will find that there are far more risks associated with these latter ones.

Like any other business, real estate could also pose some problems and it has a certain degree of risk, but if you know a bit of information on the market and you do everything right, you could avoid any risky investment.

Even though sometimes investors encounter problems, the real estate market is constantly growing. There are always people willing to sell or buy properties, and there are always great business opportunities on the market, you just need to look for them. The government of the United States has also given the investors in this domain considerable tax deductions, such as the 1031 exchange for example.

Basically, the law states that as long as you further invest any profit you made from a previous real estate investment on another property, you don’t need to pay any tax at all on the respective investment. That is a great advantage to all real estate investors, because they can continue to expand their business and discover new opportunities.

That is why, compared to other domains of investing, the real estate field gives you a lot of freedom when it comes to fees and taxes, leaving you enough place to grow and develop your investment as far as you want to. Basically, with regards to real estate, anyone can become an investor, because it is not a very difficult domain of activity.

All you need is some basic information on property investment and some tactics on buying and selling real estate. You will need to put some work into it at first, in order to search for all the information you need, and in order to do that more efficiently you could search for some websites that share information about the business.

You will need to be a bit careful when making an investment, in order to avoid losing any money. One of the easiest and safest ways to make money in Hawaii real estate is by the aid of the cash flow from rental properties.

You can get some individual homes or apartments and start renting them, because the money will continuously flow in for many years to come. Just be careful what size your apartments will have and what location you choose, because as you well know, location is everything in real estate.

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How to Sell Your Home in a Recession

MARICOPA, AZ  - FEBRUARY 25:  A sign hangs out...
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We are amidst a recession, with its total potency, and this has affected us in more ways than one. The Bills which we have to pay for our house are escalating and the paychecks which would aid us in the process of paying the bills are decreasing. Along with other factors, real estate prices have been diminishing for more than a year. This is definitely not the ideal time for selling your house; however there are many people who are more or less forced to seek the option of selling their homes, as they are incapable of paying the mortgages on their house. Cash is necessitated during this time, and it would be beneficial if you are aware of a few tips for selling your house, during a recession.

Remember that it takes time to sell a house, thus you must necessarily be patient and perseverant at the same time. It is imperative to ascertain the actual worth of your house. Then, determine the amount you want after you sell off your house. Then, settle for an amount in between the two figures. It is advisable not to seek either a high rate or a substantially reduced rate for your house.

The next step which is required if you wish to sell your house, during a recession is to make it appear as if your house is worth a lot of money. You should promote actively by means of the Internet and in other places where you would not be required to pay a huge amount for the purpose of promotion. There are numerous places to list your house if you wish to sell it.

Right after this process of promotion, you should be receiving calls related with the purchase of your house. This is essentially the part which you should focus on. When you are conversing with the probable buyers, try to be as courteous as possible. Ensure that your house looks as if it is quite a big one, even if it is actually not that big. Try to incorporate some mirrors into your house. The mirrors could make it appear as if your house is twofold its actual size. This is an economical way to spruce up your house as well. Also ensure that the entrance to your house is tidy. You must ensure that your house is orderly and remember to switch on all the lights when the probable buyer comes to view the house.

Last but not the least, you must make your house appear beautiful from the outside. It is an essential truth that no one would want to buy an unsightly house.

There are a few things which you must ensure to make your house attractive so that even during a recession, people are tempted to buy your house. Make it appear respectable. Whenever prospective buyers come to your place, ensure that they are well looked after and make them comfortable so that they can peruse the house at leisure. Furthermore, do not lose heart. It could be a while before your house is actually sold, so do not give up midway. If your house looks bright, pleasing and imparts a warm look, there is no reason as to why people would not wish to buy your house.

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Morgan Hill Real Estate

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Located in southern Santa Clara County, Morgan Hill, California, is south of San Jose in the Silicon Valley high-tech business area of California near to San Francisco. The city is home to about 35,000 and is mostly a bedroom community, though many of its residents work in Silicon Valley companies. The city has a rather wealthy stable of residents, with the average annual household income level around $100,000. Because of this, Morgan Hill real estate is often higher-priced than many surrounding areas. Nonetheless, prices of Morgan Hill homes for sale have fallen significantly in the past couple of years, making the community more affordable to many who thought they could never buy here because of the crash of the real estate sector in the U.S.

In March, Santa Clara County Association of Realtors statistics show that there were 69 new listings of homes for sale in Morgan Hill, bringing total inventory to 203. This figure is up from February’s inventory of 195 but down from March 2009′s inventory of 257. The month accounted for 43 homes sold in Morgan Hill, up from 24 in February and 29 last March. Homes spent an average of 82 days on the market before selling, down year-over-year from 104 and from February’s 118 days.  The median sales price of homes in Morgan Hill during March was $550,000, down from $627,500 the month prior but up from $531,500 one year earlier.

The market for condo sales in Morgan Hill showed similar trajectories of sales and prices. There were 14 new condo listings, making March’s total inventory 37, compared with 69 a year ago. There were just two condos sold in March, maintaining February’s sales levels and besting figures from year ago, when there were no condos sold during the month.  Condos spent an average of 74 days on the market before selling, incomparable with a year ago, since there were no sales in March 2009. The median price of condos purchased in March was $314,975, up from a month prior, when that figure was just $274,500

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Huntington Beach Real Estate

Sunset at Huntington Beach, California.
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The Huntington Beach continues to be one of the most exclusive and expensive in the country despite the recent economic downturn. According to a May 20, 2010 article from the Orange County Register, “Orange County has the 7th least affordable housing in the nation, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index. According to first-quarter data, Orange County had…An Housing Opportunity Index that translates to 35.1% of the new and existing homes sold being affordable to Orange County shoppers earning the local median income vs. 48.2% a year earlier.” The piece continued to say that “One reason affordability’s down is that costs are up. Median home price in Orange County was, by this math, of $410,000 – that is 13.9% vs. a year earlier.”

The average price of a Huntington Beach real estate rose in the month of April, according to a May 18, 2010 article from the OC Metro. This piece noted that “Orange County saw gains in its median home price and sales activity in April, compared to the same time last year, according to a new report from MDA DataQuick. The county’s median home price hit $430,000 last month up 13 percent from $380,000 in April 2009. But, the price dipped slightly from March, when the median reached $432,000.” The article by Kristen Schott went on to note that “Sales rose 11.6 percent in Orange County in April, compared to 2009. Buyers snapped up 2,669 homes in the period, up from about 2,391 at the same time last year. The number also rose slightly from March. In the larger Southern California region, sales fell for the first time in about two years, according to DataQuick.”

This apparent strength in the Huntington Beach and Orange County housing markets seems to exceed that of neighboring counties, according to a May 18, 2010 article from OCLNN. The piece by Mike Reicher said that “Orange County saw stronger gains in home sales and price compared to all other Southern California counties during April. The median home price in Orange County jumped 13.2 percent since April 2009, to $430,000, according to DataQuick, a San Diego-based real estate information service.”

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Tustin real estate market

Gravitron at the Orange County Fair (California).
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The Tustin real estate market’s future depends heavily on the fortunes of the larger Orange County real estate market and the economy of the region. That second variable seems to be tentatively trending upwards, according to a June 3, 2010 article in the OC Metro. This piece found that “Chapman University President Jim Doti and economist Esmael Adibi presented the institution’s midyear update to its annual economic forecast today at the Hilton Orange County in Costa Mesa, where a sold-out crowd of 600 business and community leaders gathered, eager to hear that a recovery is imminent.” The piece by Kimberely A. Porrazzo went on to say that “Attendees got what they came for with news that an uptick in new jobs, consumer confidence and median home prices all point to a ‘weak but sustained recovery through 2011.’ The lagging construction industry, however, is expected to stall a more robust rebound.”

The average price of a Tustin home for sale increased in the month of April, according to a May 24, 2010 article also from the OC Metro. The piece noted that “Orange County’s median home price popped 13.7 percent in April, compared to the same time last year, according to a new report from the California Association of Realtors. The number rose to $491,120, up from $432,110 in the same month last year. However, the median fell 0.4 percent from March, when the number hit $493,120.” The article, written by Kristen Schott, continued to say that “Orange County saw a 15.2 percent uptick in sales in April, compared to the same time last year. Again, C.A.R. is reporting that the number fell 1.4 percent from March. Statewide, sales dropped 8.1 percent from April 2009 and 6.4 percent from March.”

This mixed news for the Tustin housing market was echoed in a May 24, 2010 press release from the California Association of Realtors. This piece, released by Marketwire, said that “Home sales decreased 8.1 percent in April in California compared with the same period a year ago, while the median price of an existing home rose 21 percent, the California Association of Realtors (C.A.R.) reported today.”

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Oceanside real estate market

Seal of San Diego County, California
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The Oceanside real estate market, a coastal portion of the San Diego County housing market, showed signs of strength although it is still clearly in transition. According to a June 4, 2010 article from the San Diego Union Tribune, “It pays to rent – not buy – for most people in San Diego County, says Trulia.com. In the first survey comparing buying vs. renting, the San Francisco-based website ranks San Diego the eighth-highest market that favors renting instead of owning out of 50 cities surveyed.” The piece, written by Roger Showley, continued to say that “Trulia derived the ratios by dividing the average home price by 12 months of the average rent for a two-bedroom unit. In San Diego the average home price was listed as $396,409 and the average rent for a two-bedroom rental was $1,670. That works out to an own-to-rent ratio of 19.8 for San Diego.”

The average price of an Oceanside home for sale increased along with the rest of San Diego County, according to a May 25, 2010 article from San Diego 6. The piece noted that “San Diego has logged 11 consecutive months of increasing home prices, while much of the nation’s housing market continues to decline. The Standard & Poor’s/Case-Shiller Home Price Indices for San Diego rose 1.5 percent from February to March and was up 10.8 percent year-over-year.” The article continued to state that “Nationally, the S&P index of 20 major cities fell 3.2 percent in the first quarter of 2010, but was 2 percent higher from the same period last year. The index was down .5 percent from February to March.”

An analysis from the President of the San Diego Association of Realtors suggested that the regional market, including the Oceanside housing market, rallied considerably in the first quarter of 2010. According to a June 1, 2010 Press Release, “After a challenging year in 2009, the real estate market in San Diego County has seen much improvement in this first quarter of 2010. Within the first three months, the median price has improved month over month for both condos and single-family houses, and the year-to-date median price for all properties is significantly higher than it was in 2009.”

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Capitola real estate market

Beach at Capitola.
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The Capitola real estate market, which was devastated by the woes of the state and national economy, is beginning to trend towards a tentative recovery. According to a May 24, 2010 article in the Mercury News, “Santa Cruz County saw fewer single-family homes sold in April compared to a year ago, but the median price rebounded from $420,000 to $553,000, the highest in 20 months, as distress sales dipped. Two years ago, the midpoint of what was sold was $661,000.” The piece by Jondi Gumz continued to say that “Last month saw 33 bank-owned sales and 17 ‘short sales,’ where the home is sold for less than the debt, compared to 56 bank-owned sales and 11 short sales a year ago. Entry-level buyers won’t see much in the $350,000 to $400,000 price range, but more than 60 homes are listed for over $2 million with few takers. ‘We’re bouncing along on the bottom,’ said Santa Cruz developer Bill Brooks.”

The rallying economic climate of Santa Cruz County and the Silicon Valley should lead to more Capitola homes for sale being purchased. According to a May 27, 2010 article in the Santa Cruz Sentinel, “Santa Cruz is closely tied with Silicon Valley, which is seeing the strongest early recovery. The ag sector, which added jobs, has been a buffer; without it, the county’s job loss would have been 7 percent.” The article, which relied heavily on the estimates of economist Jeffrey Michael, went on to note that “In the long run, the health of the local economy will depend on these factors: more than doubling research and development jobs, now at 500; whether baby boomers stay or move for a lower cost of living; and whether construction and real estate picks up.”

The high unemployment rate in Santa Cruz County, which inhibited the recovery of the Capitola real estate market, subsided slightly in the month of April, according to a May 21, 2010 article in the Santa Cruz Sentinel. This piece, also written by Jondi Gumz, stated that “Santa Cruz County added 2,000 jobs in April, cutting unemployment from 15.2 percent to 13.5 percent, the state Employment Development Department said Friday, but job growth was less than usual for this time of year.”

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Milipitas Real Estate

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Located in the heart of the Silicon Valley high-tech region, Milipitas, California, is in Santa Clara County, just north of San Jose. The community is home to the headquarters of many high-tech firms and has a population of more than 60,000. The community’s residents are more affluent than average, and thus the Milipitas real estate market is higher-priced than many surrounding areas, though prices are not as high as they were prior to the beginning of the U.S. and world recession.

In March, Santa Clara County Association of Realtors statistics show that there were 64 new listings of Milipitas homes for sale, putting total inventory at 106. This figure is up from February’s inventory of 92 but down from March 2009′s inventory of 111. March saw a total of 29 homes cleared off the list from closed sales, up from 24 in February and down by one from last March’s 30. Homes spent an average 50 days on the market before selling, up year-over-year from 43 and just 28 days in February.  The median price of homes sold in Milipitas in March was $500,000, up from $462,500 the month prior and from $442,500 one year earlier.

The condo market in Milipitas showed similar trends. There were 26 new listings of condos, putting March inventory total at 81, compared with 69 a year ago. There were 14 condo sales in the month, double February’s total and more than double a year ago, when there were just 13. Condos spent an average of 44 days on the market before selling, compared with 63 days one year ago. The median price for sold condos in March was $375,000, down slightly from February’s $380,000 but up significantly from one year ago, when the figure was just $300,000.

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Fullerton real estate market

Fullerton Station
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A large city in northern Orange County in Southern California, Fullerton is home to a population of more than 125,000 and is just minutes from the shores of the Pacific Ocean. It has a relatively high measure of median household income, which stood at $75,700 in 2005. Like so many markets across the nation, especially those in Southern California, the Fullerton real estate market has seen its home prices fall from record highs recorded before the beginnings of what eventually became a full-blown recession in the U.S.

The year 2009 continued to be a year of struggles for the real estate in Fullerton, with each of its four zip codes seeing annual median prices fall year-over-year. However, because prices kept falling, many more buyers were able to jump into the market and purchase lower-priced Fullerton homes for sale, and as a result, each of the city’s four zip codes saw increases year-over-year in sales volume.

According to the Orange County Register‘s yearly data chart, prices in Fullerton for 2009 ranged from $296,000, a fall of 23%, in one zip code, to $536,000, an 8% decline, in the highest-priced zip code. The four zip codes saw sales volume of 268, 155, 588 and 232, respectively, increases of 30%, 5%, 30% and 13%.

Monthly statistics for 2010 show that the market in Fullerton seems to be showing some signs of improvement. March statistics show that median prices were up in three of the city’s four zip codes, with one up by more than 21% year-over-year. The median prices for March ranged from $478,000 (in the one market that saw a decline, which was 28%) to $315,000 (a 7% increase). Sales volume continued to be higher than last year in all markets, with 110 homes sold for the month. Sales by zip code was up from 8% to as much as 40% in one market, suggesting that the Fullerton market may have hit its bottom in 2009 and may begin to level out now this year.

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