Blog for angeandrewsrebroker.com http://angeandrewsrebroker.com/index.php?base=blog en-us Weblog Generator San Diego Makes top 20! http://angeandrewsrebroker.com/blog//San-Diego-Makes-top-20 Thursday, June 23rd 2011

Top 20 Searched Real Estate Markets: May 2011

0622chicago Top 20 Searched Real Estate Markets: May 2011

Realtor.com’s top searched real estate markets were recently released. Take a look at the top 20 markets for real estate searches:

20. Greater San Antonio – Real estate in San Antonio moved up four positions in search rank from April to May. This southwest capitol’s median list price of $179,000 was lower than the national median list price of $188,900.

19. Miami, FL metropolitan area - Miami saw median list prices rise after a tough recession with a 9% year over year growth in median list price, which might make Miami real estate a smart buy.

18. Greater Boston (including Boston, Brockton, Lawrence, Lowell and Worcester, MA-NH) -With a median list price at $333,000–$144k above the national median–real estate in Boston and surrounding cities also had a median age of inventory of 65 days last month. This is 27 days fewer than the national median age of inventory of 92 days.

17. The Front Range Urban Corridor (Denver metro) - Up two positions from April to May, Denver real estate had total listings of 5,565 homes and a median age of inventory 53 days fewer than the national median of 92 days.

16. Greater San Diego - Sunny San Diego real estate was unsurprisingly popular yet again. Last month, the median list price was $161K over the national median, and the median age of inventory was 28 days less than the national median.

15. The Orange County metropolitan area - With a median list price of $444,900–the fourth highest last month behind San Francisco, Santa Barbara, and San Jose–this popular real estate market includes Santa Ana real estate, Irvine real estate and Anaheim real estate. The OC also had a median age of inventory of 82 days.

14. Washington, D.C. metropolitan area – The Washington, D.C. metro area, covering the Virginia suburbs, was another MSA that showed a positive median list price trend. Real estate in Washington DC had a median list price that increased year-over-year.

13. Inland Empire (Riverside and San Bernardino, CA) - The Riverside-San Bernardino metro area is a Southern California MSA with affordable home prices. Riverside real estate and San Bernardino real estate enjoyed a median list price of $190,000. This may be $1,100 above the national median, but it was $134,900 below nearby Los Angeles’ median.

12. Fort Lauderdale metro area - With warm and comfortable temperatures year-round, Fort Lauderdale real estate is more affordable than you might expect. The popular tourist destination was also a popular metro for real estate searches and had a median list price of $159,000, which was below the national median by $29k and below nearby Miami’s median by $79k.

11. Greater Orlando. Another Florida metro that made the top 20 list was Orlando. Orlando real estate had a median list price $39k below the national median, at $149,900. Add affordability to year-round warm temperatures and a diverse economy, and it makes sense that Orlando real estate was so popular last month.

10. Palm Beach County Metro (West Palm Beach and Boca Raton, FL) – Those looking for coastal West Palm Beach real estate, Boca Raton real estate, and other cities and towns in the metro found a median list price above the national median at $199,900 in May. The metro area increased in popularity from the 13th most popular metro in March, to the 11th in April, and to the 10th spot last month.

9. Delaware Valley (Philadelphia, PA) – Philadelphia real estate reflects home prices tied to the historical, economic and cultural benefits unique to the region. In May, Philadelphia real estate had a median list price of $239k.

8. The Metroplex (Dallas, TX) – The real estate market in the Dallas metro had a median age of inventory 18 days less than the national figure last month. Dallas real estate also had a median list price of $189,000; that’s just $100 over the national median.

7. Greater Los Angeles (Los Angeles-Long Beach, CA) – Last month, the nation’s entertainment capitol had  a median list price higher than the national figure last month. The median age of inventory for Los Angeles real estate and real estate in Long Beach was nearly 30 days less than the national median.

6. Metro Atlanta - Moving up from the No. 8 spot in April to the No. 6 position last month was real estate in Atlanta. The area boasted a median list price $34k below the national number and a median age of inventory seven days less than the national median.

5. Tampa Bay Area (Tampa-St. Petersburg-Clearwater, FL) – Not only was the median list price for Tampa real estate, St. Petersburg real estate, and Clearwater real estate lower than the national median by $54k, but the real estate market in the area increased in search rank. The MSA moved from the 7th most popular for real estate searches in March, to the 6th in April, and then to the 5th last month.

4. The Valley of the Sun (Phoenix-Mesa, AZ) – Phoenix real estate and real estate in Mesa may be influenced by the affordable cost of living, mild winters, and median list prices of $139,900 last month.

3. Metro Detroit – Detroit, MI was not only the third most popular metro for real estate searches in May, but it also had a median list price of $89,000–that was $99,900 below the national median. The median age of inventory for real estate in Detroit was also 30 days less than the national median at 62 days.

2. Las Vegas Metro (NV) – What can we say about “the valley”? Well, real estate in Las Vegas is affordable right now. The Las Vegas metro had a median list price of $119,500 (that is $69k below the national median) in May.

1. Chicagoland – Holding the top spot as the most popular metro for real estate searches, Chicago real estate was the most popularly searched area for homes of any metro in the U.S. for May 2011. The current number of for sale listings was over 72k, and the median list price of $199,900 was close to the national median list price.



Read more: Top 20 Searched Real Estate Markets: May 2011 | REALTOR.com® Blogs]]> Real Estate Can Buying or Selling San Diego Be Less Stressful http://angeandrewsrebroker.com/blog//Real-Estate-Can-Buying-or-Selling-San-Diego-Be-Less-Stressful Wednesday, June 30th 2010

Buying or Selling San Diego Real Estate Can Be Less Stressful

When you need to buy or sell San Diego real estate, there are many things that must be taken into consideration. Looking for a new home or selling the home you have now in San Diego shouldnt make you want to run to the store and stock up on pink bismuth. The process really should be a pleasant, low stress process, but these days it seems that real estate transactions have been buried in hidden costs, commissions, and that dreaded fine print. The best thing that you can do for yourself if you are looking to purchase or sell San Diego real estate is to find a great realtor that can help you every step of the way, from start to finish.


A San Diego real estate realtor or broker has many jobs. A great realtor or broker has even more. Your realtor should be someone you trust, someone you can count on, and someone who you are comfortable with. There are many important things that a realtor can do for you to help take some of the stress off of your shoulders when moving San Diego real estate.


First of all, your realtor should be very knowledgeable about the area that the real estate is in. Better yet, he or she should be knowledgeable about the area you are in now and if possible, the area you would like to move to. This will save you a lot of detail detective work and will ultimately spare you stress and save you your valuable time. A great realtor should be very accessible. Being easy to contact when you need him or her is invaluable. You never know when thoughts, problems, concerns, and ideas might turn up. Part of being accessible is being easy to talk to. You should feel at ease with your realtor, and feel free to ask questions and present your concerns to him or her.


The realtor you choose to help move your San Diego real estate should put forth great effort to match you up with a deal that is well suited to your needs. If you are looking for a 3 bedroom house with a basement and the first five properties that she suggests are high rise condos and townhomes, you may want to find a different broker to work with! You have enough to worry about when purchasing or selling a home without having to worry about your realtor. His job is to help you and take care of you, not add to your list of concerns.


Another much appreciated service that a great realtor can provide to you is referrals to service providers such as inspectors, plumbers, pest control people and general contractors. If you look at your realtor and tell her I dont know who does that she should be right there with suggestions and contact information for you. Your realtor should be honest about the quality of service that the providers turn out, and about any recommendations that he feels may be applicable.


Finally, to help simplify your San Diego real estate transactions, a good San Diego realtor will always offer you choices. You should never have to feel like you have to accept something that you are not comfortable with, just because there were no alternatives that were presented. A realtor is your guide through the process, and if at any point you feel lost or dont know how to go about something, let your realtor know. He is working for you, not the other way around, and a great realtor should never have to be reminded of that.

]]> SoCal median home price ticks up in July http://angeandrewsrebroker.com/blog//SoCal-median-home-price-ticks-up-in-July Tuesday, August 18th 2009 LOS ANGELES — The median home price in Southern California increased about 1 percent in July from June, marking a third consecutive month-to-month gain, a tracking firm said Tuesday.

 

The price increase came as sales in pricier coastal areas continued to rise and sales of lower-cost foreclosures waned, San Diego-based MDA DataQuick said.

DataQuick President John Walsh said the increases continue to hint that prices may have hit bottom, but he cautioned that future job losses and foreclosures could still put a drag on the market.

“The recent drop in foreclosure resales, coupled with the rise in high-end sales, has helped stabilize some of the regional home price measures,” he said. “But there’s still quite a bit of distress out there and plenty of unknowns with regard to how lenders and borrowers will choose to proceed.”

Last month’s median home price of $268,000 in a six-county region of Southern California was 23 percent lower than the July 2008 median price of $348,000.

DataQuick also said the number of home sales increased nearly 19 percent from a year ago to 24,104. July’s increase made for 13 consecutive months of year-on-year gains.

Foreclosures — mostly in distressed, inland areas — accounted for about 43 percent of the July sales, the lowest level since June 2008.

Sales in higher-end coastal neighborhoods, however, have rebounded from months of record lows, as credit became increasingly available for more expensive homes, DataQuick said.

Sales of single-family homes with prices of at least $500,000 rose to more than 20 percent of all homes sold in July, compared with a low for this year of 15 percent in March. More than 27 percent of sales in July 2008 were for more than $500,000.

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