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Mission Beach Real Estate

admin — Wed, 02 Jun 2010 20:24:43 +0000

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A community within the city of San Diego, Mission Beach, California, lies on the Pacific Ocean‘s shores and covers two miles of oceanfront property. The community has a very laid-back atmosphere and it is a popular weekend destination for those in the surrounding area, with a boardwalk running along the beach and the community stretching to the popular Mission Bay Park to the east. Because of its prime location along the ocean’s shores, Mission Beach real estate is some of the more expensive real estate in the San Diego area and it homes here are highly coveted.

During the year 2009, there were 137 resell single-family homes sold in Mission Beach and 231 resell condos. Combined, there were 396 residential properties sold for the year. The median price of single-family homes was $750,000, down 3% from 2008, and the median price for condos was $402,500, down around 10% from 2008. Overall, the median price for all types of residential homes in Mission Beach in 2009 was $514,000, down 11% from a year earlier.

More recently, Mission Beach homes for sale have actually shown the slightest improvement in pricing. During the month of March, according to the San Diego Union Tribune monthly zip code sales chart, there were 12 single-family homes sold for a median price of $730,000, up an ever so slight 0.7% year-over-year. The condo market, however, showed more signs of a continued struggle. There were 16 condos sold during the month for a median price of $267,500, a decline of nearly 32% annually. Additionally, there were four newly constructed homes sold for a median price of $352,500. In total, there were 32 residential properties sold in Mission Beach in March for a median price of $427,500, down 17% from March 2009.

Poway Real Estate Update

admin — Wed, 05 May 2010 20:19:18 +0000

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The Poway real estate market is heavily dependent on the larger trends of the San Diego county real estate market. The trend for this general area has been largely positive in recent months, according to an April 16, 2010 article in the Los Angeles Times. This article found that “A decline in the number of foreclosures and the comeback of higher-priced coastal areas drive the increase…The median price paid for a California home in March jumped 14.3% compared with the same month last year, reflecting a reduction in the number of foreclosure properties on the market and the comeback of higher-priced coastal areas.” The piece continued to note, written by Alejandro Lazo, continued to find that “Statewide, the median price paid for a home in March was $255,000, up from $223,000 in March 2009. It was the fifth consecutive year-over-year increase after 27 months of declines.”

An especially encouraging sign for Poway homes for sale was a decreasing number of foreclosures, according to an April 23, 2010 article in the Valley News. According to this piece, “The number of Riverside County homes slipping toward foreclosures dropped by 49.9 percent in the first quarter of the year, compared to the same period in 2009, a real estate information service reported Tuesday.” This article continued to note that “Lenders sent default notices to 8,474 homeowners in Riverside County in the first quarter, down from the previous year’s first-quarter total of 16,906, according to La Jolla-based MDA DataQuick. Meanwhile, the number of San Diego County homes slipping toward foreclosure dropped by 39 percent in the first quarter of the year, compared to the same period in 2009.”

However, there may be trouble on the horizon for Poway real estate, as a major lending crisis may be on the horizon for the region. According to an April 13, 2010 article in the North County Times, “Bank of America, the nation’s largest mortgage lender, ramped up its foreclosure activity in March, sending hundreds of letters warning delinquent borrowers in the region that it could sell their homes at auction in as little as three weeks, according to North County Times analysis of data from ForeclosureRadar. The bank said the increased activity was a natural consequence of borrowers running out of options.”

Dana Point Real Estate

admin — Thu, 22 Apr 2010 04:49:04 +0000

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The Dana Point real estate market seems to be heading towards a recovery, according to the most recent market indicators. According to an April 14, 2010 article in the Los Angeles Times, “Southern California’s housing market showed fresh signs of momentum in March with the median price and sales pace improving from the same month a year earlier as buyers hurried to take advantage of a soon-to-expire federal tax incentive, cheap prices and low interest rates.” The piece, composed by Alejandro Lazo, continued to state that “The median price paid for new and previously occupied houses and condominiums in Southern California jumped 14% in March to $285,000 from the same month a year earlier, according to San Diego real estate research firm MDA DataQuick.”

The volume of Dana Point and Southern California home sales was especially noteworthy, according to an April 13, 2010 article in DQ News. This piece found that “Home sales and prices continued their steady but pokey climb up from the bottom in Southern California last month as buyers scrambled to take advantage of low prices and low mortgage rates. The market is still tilted toward low-cost distress sales, but not by as much as previously, a real estate information service reported.” The article, which was released on TheStreet.com, continued to report that “A total of 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino, and Orange counties last month. That was up 33.3% from 15,359 in February, and up 5.0% from 19,506 in March 2009, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records.”

This same general good news for Dana Point real estate was reported by Kristen Schott in the OC Metro on April 13, 2010. Her article found that “Orange County’s median home price shot up 12.2 percent in March, compared to the same time last year, according to a new report released by DataQuick. The number hit $432,000 in the period, up from $385,000 at the same time last year. The price also increased over February, when the region’s median came in at $417,000.”

Popular Communities to Live In California

admin — Fri, 28 Aug 2009 00:30:06 +0000

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Although California is home to major global cities such as Los Angeles, San Francisco, San Diego, and San Jose, it is often the smaller, less known communities and suburbs that offer the best living experiences. One of the most popular places to live in California is Riverside, which is located between Moreno Valley and San Bernardino in the heart of California’s Inland Empire. The community is known for the Festival of Lights, which is held during the winter holidays in downtown and features the nation’s second largest lighting display and an outdoor ice skating rink. Riverside is a technology-friendly community with convenient access to ports, rail transportation, and freeways, making Riverside a leader in Southern California’s international trade economy.

Temecula is another one of the most popular places to live in California. This suburban city is conveniently located within an hour drive of San Diego and LA counties and offers a historic Old Town, excellent dining and shopping complexes, affordable housing, beautiful parks, and an excellent school system. Temecula is especially popular for its annual Balloon and Wine Festival, thanks to the community’s wine country home to 22 award winning wineries.

Home to nearly 97,000 residents Vacaville is another popular Californian community founded as an agricultural and rail shipping center. Currently, the community has also experienced much growth and development that has established substantial retail and commercial activity in the region. Vacaville also boasts an extremely low unemployment rate, excellent schools, a stable housing market, beautiful parks, exciting community events and activities, and a eco-friendly atmosphere.

Things to do in California

admin — Sun, 23 Aug 2009 00:23:41 +0000

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If you’re planning a trip to California, it can be quite overwhelming when considering what to do while you’re there. California is an extremely large state with millions of activities, attractions, and events that will make anyone’s vacation a memorable one. Here is a brief summary of some of the possible things to do in California.

Of course, one of the first attractions in California that come to mind is Disneyland. Located in Anaheim, Disneyland California is one of the top family tourist destinations in the nation and is home to the Disneyland theme park, as well as Disney hotels, shops, and restaurants. Another extremely popular attraction similar to that of Disneyland is Six Flags Magic Mountain. This amusement is park filled with roller coasters and other scary rides that cater more to the teenagers than does Disneyland. The Monterey Bay Aquarium in San Francisco is a popular aquarium home to more than 35,000 marine animals. Some of the other popular things to do in California include visiting the Hollywood Bowl, Warner Bros. Studio, Golden Gate Bridge, San Diego Zoo, Union Square San Francisco, and Chinatown San Francisco.

About California

admin — Thu, 20 Aug 2009 00:44:34 +0000

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Located on the west coast of the United States, California is the third largest state by land area and most populous state with a population of about 36.8 million residents. In fact, California is the second most populous sub-national division behind Sao Paulo, Brazil. California is bordered by Oregon to the North, Nevada to the east, Arizona to the southeast, and the Mexican state of Baja California to the south. The Pacific Ocean borders the west coast of California. Some of the largest cities in the state include Los Angeles, San Diego, San Francisco, and San Jose, although the state is home to eight of the nation’s fifty largest cities.

Although the California Gold Rush is what brought many people to California in the 19^th century, the major industries supporting California’s economy today include aerospace, petroleum, and information technology. However, despite the fact that California has one of the largest gross domestic products in the world, being larger than all but eight countries, California has suffered from a budget deficit for the past couple of years, causing many legislations being made in an attempt to alleviate the problem. California is a state known especially for its car culture, resulting in cities with some of the worst traffic congestion in the nation. However, the state is still served by public transportation options including Amtrak California, Metro subway and light rail networks, and trolley and bus lines. Major airports in California include the Los Angeles International Airport and San Francisco International Airport.