Carlsbad, California Real Estate

March 25, 2010 by · Leave a Comment
Filed under: California 
Official seal of City of Carlsbad, California
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A coastal community located in Northern San Diego County, Carlsbad, California, is a relatively affluent community that has nonetheless been unable to escape the claws of the battered U.S. housing market woes. The Carlsbad real estate saw an initial dropping off of prices that seemed unstoppable, but as of recent months, slight improvements have been seen, pointing to signs that perhaps the bottom has been reached and now it’s time to climb back out.

Though sales through most of 2009 of homes were brisk and showed an increase over 2009, median prices of Carlsbad homes for sale struggled. The market kicked off 2009 with a median price of more than $700,000 and finished off the year in December with the median at around $620,000. The median price hit bottom in October at around $600, and then saw increases in November and December. Sales activity actually reached a yearly high in December, when 70 homes were sold.

Condo prices showed a similar trend. They started off 2009 with a median price of around $375,000 and finished the year in December at around $330,000. The lowest point for the condo market was also reached in September and October, and prices began to see ever so slight increases in November and December. Sales activity of condos remained mostly consistent, with around 25 to 30 sales per month.

These trends from the end of 2009 show that perhaps 2010 will be the year the the Carlsbad real estate market regains momentum and begins to see steady increases month over month as the U.S. economy slowly starts to pick up and residents return to employment and resume normal activity.

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Fullerton real estate market

March 9, 2010 by · Leave a Comment
Filed under: California 
Images, from top, left to right: Downtown Los ...
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The Fullerton real estate market, which is closely linked to the rest of the Southern California real estate market, made some impressive strides during the month of January. According to an article released by EGP News, “In Orange County, the median home price was $325,000, up from $300,000 in the same month a year ago, according to La Jolla-based MDA DataQuick. According to DataQuick, 15,361 homes were sold in the six-county Southern California region – Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties – in January, down 31.2 percent from 22,328 in December and up 0.9 percent from 15,227 in January 2009.” As John Walsh of MDA DataQuick pointed out, “The January stats underscore just how atypical this market remains…A huge chunk of what’s selling is still distressed.”

The price of Fullerton homes for sale substantially increased in the month of January, according to an article in OC Metro. The piece, published on February 16, 2010, found that “Orange County’s median home price jumped 14.9 percent in January compared to the same time last year, according to stats just released by San Diego-based MDA DataQuick.” The article, composed by Kristen Schott, noted that “The price for a home or condominium in the region rose to $425,000 in the period, up from $370,000 in January 2009. But the number declined from December’s $435,000 median. For the entire Southern California region, which includes the Orange, L.A., Riverside, San Bernardino, San Diego and Ventura counties, the median home price rose 8.6 percent to $271,500…”

One problem spot for Fullerton real estate and Orange County real estate was reported in another article by the OC Metro. This piece, composed by Carol Starcevic, noted that “Foreclosure notifications in Orange County rose slightly in January from the previous month, but the number still remains significantly lower than January of 2009’s figure.” The February 16, 2010 article continued to point out that “In addition, 523 properties were returned to banks, up 86 from December but down 193 from January 2009. And 303 homes were sold to a third party, up 81 from December and 183 from the same time last year, according to the report.”

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Mesa real estate update

March 2, 2010 by · Leave a Comment
Filed under: Arizona 

Pool1Mesa is one of the larger edge cities found within the metropolitan limits of the large Phoenix area. Mesa real estate is still at a volatile juncture, with property values declining and foreclosures remaining among the highest in the country. According to a February 23, 2010 article in KPHO News, “We know all too well just how much the housing crisis has ballooned. Arizona ranks second in the country for foreclosures.” The piece, written by Elizabeth Erwin, also analyses some of the proposed fixes for the local housing crisis: “Democrat-backed House Bill 2765 would protect homeowners from scams and fraud by regulating the businesses that offer to help, the same way they regulate lenders…The plan also proposes a 60-day relief period to homeowners in foreclosure…Also, the plan would push back a foreclosure for up to a year if the bank isn’t playing fair with the homeowner.”

This same serious problem for Mesa homes for sale was echoed by a February 11, 2010 article in the Phoenix Business Journal, which found that “Arizona ranked second in foreclosures for January behind only Nevada, which has held the top spot for 37 months running, according to a RealtyTrac report released Thursday. One in every 129 Arizona housing units was hit by foreclosure proceedings during the month, a 4 percent increase over January 2009. That rate translates to 21,048 homes.” The piece continues to provide a broader perspective, saying that “Nationally, the number of foreclosure filings…fell 10 percent in January from December, but was up by 15 percent over January 2009.”

Property values for Mesa real estate for sale has also declined recently, according to a February 12, 2010 report by Fox 10’s Laura Sambol. She found that January property values declined in the Phoenix Valley, saying that “Homeowners across the valley will begin receiving their 2011 property valuations in the mail. Here in Arizona, valuations lag nearly 18 months, meaning the value you receive now reflects what a home was worth back in 2008.” The piece found that “values are down all across the state, in some places by more than 25%.”