The Next Big Clip

Cited: Daily News

In September, home sales increased by 6.4% in Los Angeles County compared with the same.  Only a year ago and they inched 2% above the number as sales for August according to figures that were released at the end of October.

The median price of an existing single-family home in Los Angeles last month was $351,680, up 3.4% from $339,980 the previous month, but down 6.2% from $374,920 in September of last year, according to the California Association of Realtors.

In Orange County, the median price was $496,790 in September, down 0.5% from $499,440 in August but up 0.2% from $496,010 in September 2008. Home sales were up 9.4% in September in Orange County, compared to the same month last year, and up 0.7% from August.

Statewide, home sales increased 2.1% in September, compared with the same period a year ago, and up 0.6% from the previous month, according to CAR.

“The market’s momentum continued in September, as many home buyers took advantage of the federal tax credit for first-time home buyers,” said CAR President James Liptak. “The success of the federal tax credit is clear. Nearly 70% of first-time home buyers report that the tax credit was the most important — or a very important — factor in their decision to buy a home.”

The statewide median price of an existing single-family home was $296,090 last month, up 1.1% from $292,960 in August, but down 7.3% from $319,310 in September of last year, according to CAR.

“A new milestone was reached in September, when five CAR regions reported positive year-to-year increases in the median price, the first such increase since January 2008,” said CAR Vice President and Chief Economist Leslie-Appleton-Young. “September also marked the seventh consecutive month of month-to-month increases in the statewide median price and the first single-digit decline in the year-to-year median price since October 2007, after 22 consecutive months of double-digit decreases.”

Statewide, the cities with the highest median home prices in California during August were:

• Manhattan Beach, $1,502,000;
• Burlingame, $1,401,100;
• Saratoga, $1,297,500;
• Los Altos $1,275,000;
• Palos Verdes Estates, $1,163,500;
• Calabasas, $1,073,500;
• Newport Beach, $1,050,000;
• Los Gatos, $1,050,000;
• Santa Monica, $1,025,000;
• Cupertino, $950,000; and
• Rancho Palos Verdes, $912,500

The cities with the greatest median home price increases in September compared with the same period a year ago were:

• San Juan Capistrano, 40.2%;
• San Rafael, 30.5%;
• Moorpark, 29.8%;
• Thousand Oaks, 20.7%;
• Calabasas, 19.3%;
• Lake Forest, 17.7%;
• Walnut, 13.6%;
• El Cajon, 13.5%;
• Tustin, 13.1%; and
• Big Bear Lake, 12.1%.

This is another indicator that the real estate market is improving and will continue to improve.  With the tax credit being extended for new homebuyers, the market will improve even more.

—————————————————-

My Take: Well, it seems that if you are interested in buying a home in California at a good price, you better by now!  On the other hand, if you are trying to sell your home in California it just might be a good idea to wait a little bit longer so that you can get a better price.  In fact, you can improve the sale price of your home by putting in new custom wood entry doors.  It is a known fact, that the first impression of a home is its entryway and a beautiful front entry door can make your home value rise.

As far as I know, the same type of increase is happening with Nyack NY real estate as well as homes in Piermont and Palisades.  I have heard that Nyack Riverfront homes are some of the most sought after homes in the area.

Now if you live in Minnesota, you might want to check with one of the suburban St. Paul property management companies to find out about what is available for sale or rent.  You might even check with the Edina MN property management company for more information.  I only mention this because things are different in every part of the country.

—————————————————-

Related Resources

Kentucky Mortgage Refinancing Available

A loan broker that specializes in low rate Indianapolis IN purchase mortgages and refinancing for KY and IN homes is available online.  They are committed to customer satisfaction!  They are approved to originate FHA purchase and refinance mortgages, VA loans, FHA streamline refinance is, jumbo loans and conventional mortgages such as Fannie Mae and Freddie Mac loans.  The Better Business Bureau in fact gives them an “A” rating.

Communicating with Your Dog

If you have personal protection dogs around your home, you need to know how to communicate with them effectively and reliably. It is critical that you establish a clear line of communication between you and your dogs. Once you have learned how to communicate, there are no limits to what you may be able to do together. For example, a police officer learns to communicate with police training dogs to protect and serve the public. You can do the same even if you need attack dogs. In fact, communication with attack dogs is even more important for safety purposes.

Gift Ideas

There are so many gift ideas using vinyl lettering that you will be able to give everyone something personal.  Vinyl lettering is so easy to install, you will have all of your gifts done in less time than it takes to go to the mall.  Your friends and family will think you spent hours creating these or spent lots of money buying them premade. You could put wall letters on different mirrors, ceramic titles, flower vases, picture frames and much more. The gift possibilities are absolutely endless! You could even help a teenager redecorate the room with wall decals.

Global Auction Exposure

Real estate auctions have a proven track record of attracting qualified buyers through unprecedented global marketing and public relations. This exposure is not only beneficial to the selling clients, as multiple bidders generate market value on auction day, but it also helps the real estate markets by reducing inventory levels. Buyers originally interested in the property auctions are familiarized with the marketplace and often purchase other properties in the area.  The global exposure through publications such as the Financial Times, Robb Report Vacation Homes, Fortune, Forbes, The Wall Street Journal, British Airways, Air Canada, Private Air, and others, has gained us recognition by luxury buyers worldwide.