The good new is that the inventory is down to 156 homes on the market (remember when there were 219?)
The active listings range from 1128 for a Hummel @1128 sq. feet to $990,000 for a Marseilles on the golf course.
The month of May had homes that went into escrow and are pending ---from $219,000, list price, for a Calif. Casual to $699,900 L.P for a Victoria on the golf course.
Also in May there were 22 closed escrows from $230,000 for a Maui @1010 sq. ft. to $725,000 for a Monaco on the Golf Course @2515 sq. ft.
I have a new listing, the second lowest list price in Sun City, at $239,900 for a Lanai at 1213 sq. ft It is a fabulous home with some mountain view, newly painted in a soft desert color, near new carpets, lots of tile flooring. Includes washer, dryer, refrigerator and golf cart.
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Friday, May 30, 2008
Home of the Future
Trends:
Formal living rooms will shrink or vanish altogether, while family rooms will get larger
Ceilings in the average home will be 9-10 feet; some luxury homes will have 12 ft. ceiling.
The family room will be the most important feature, followed by low-maintenance exteriors
, design, location, and two car garages. In luxury homes design will be most important.
Outdoor kitchens and second master suites will become more common in luxury
The average home will have 2 1/2 to 3 1/2 bathrooms.
Recessed lighting and bold colors will be more common in average and luxury homes.
Demand for energy-efficient appliances, mechanical equipment and windows, and
environmentally friendly green products will increase.
Programmable thermostats, structured wiring systems will be standard in the average home,
while luxury homes will include just about every electronic feature that is available.
Formal living rooms will shrink or vanish altogether, while family rooms will get larger
Ceilings in the average home will be 9-10 feet; some luxury homes will have 12 ft. ceiling.
The family room will be the most important feature, followed by low-maintenance exteriors
, design, location, and two car garages. In luxury homes design will be most important.
Outdoor kitchens and second master suites will become more common in luxury
The average home will have 2 1/2 to 3 1/2 bathrooms.
Recessed lighting and bold colors will be more common in average and luxury homes.
Demand for energy-efficient appliances, mechanical equipment and windows, and
environmentally friendly green products will increase.
Programmable thermostats, structured wiring systems will be standard in the average home,
while luxury homes will include just about every electronic feature that is available.
Wednesday, May 21, 2008
Good News
Good news for people who bought their homes after January 1 of 2004--Riverside County Assessor is in the process of reassessing the taxes on those homes. Watch for your tax bill to see if you have been reassessed. Obviously this will take some time as there are 660,000 residential properties in Riverside County.
Tuesday, May 20, 2008
Open House as a Selling Tool?
Some home sellers view open houses as a right. If their agents balk at sitting in the living room for 2 or 3 hours on a nice day waiting for prospects to come through the door, they feel cheated.
Others see them as a necessary evil. Even though they have to clean, make beds, scour the bathroom and kitchen and get put out of their home , many seller believe it is imperative that agents hold their houses open so everyone can come traipsing through.
'
But, according to the National Assn Realtors latest profile of buyers and sellers, only 7% of all buyers visited open houses as a first step in their search for a home. Most start on the internet.
That is not to say open houses do not work--they work for the agents to find buyers for other homes or for sellers of other homes
Personally, I have been in real estate for 38 years. I have sat on open houses almost every weekend for all that time. Only 4 times in all 38 years did I procure a buyer for the home on which I was holding an open house.
Because of the market conditions buyers no longer feel an urgency to buy NOW. There is no need for buyers to see homes on OUR timetable. They can view homes on line or with their agent on their schedule.
One positive reason to hold an open house is to get feedback from lookers, if there are any.
Things have changed in the time I have been in the business.
Others see them as a necessary evil. Even though they have to clean, make beds, scour the bathroom and kitchen and get put out of their home , many seller believe it is imperative that agents hold their houses open so everyone can come traipsing through.
'
But, according to the National Assn Realtors latest profile of buyers and sellers, only 7% of all buyers visited open houses as a first step in their search for a home. Most start on the internet.
That is not to say open houses do not work--they work for the agents to find buyers for other homes or for sellers of other homes
Personally, I have been in real estate for 38 years. I have sat on open houses almost every weekend for all that time. Only 4 times in all 38 years did I procure a buyer for the home on which I was holding an open house.
Because of the market conditions buyers no longer feel an urgency to buy NOW. There is no need for buyers to see homes on OUR timetable. They can view homes on line or with their agent on their schedule.
One positive reason to hold an open house is to get feedback from lookers, if there are any.
Things have changed in the time I have been in the business.
Thursday, May 8, 2008
Disneyland resurrects "House of the Future"
If you ever visited Disneyland as a kid, you might remember seeing the "House of the Future" , a conceptual dwelling that showcased prototypes of innovative high-tech gadgets. In the original version, the home featured hands-free phones, wall-sized televisions and electric razors. After a decade the exhibit closed in 1967.
Now Disneyland Resort has announced that it will open a new 500 sq. ft. " Innovventions Dream Home" in May, this time teaming up with Microsoft, Hewlett Packard, software developer Life. The home will include some electronic products and technologies that are available today such as mobile phones, PC's, digital music and games , as well as more futuristic gadgets. Disney aims to provide guests with a " high-tech,high-touch" interactive experience that helps them u"understand how to seamlessly interconnect their home, the surrounding community and the world", the company stated.
Now Disneyland Resort has announced that it will open a new 500 sq. ft. " Innovventions Dream Home" in May, this time teaming up with Microsoft, Hewlett Packard, software developer Life. The home will include some electronic products and technologies that are available today such as mobile phones, PC's, digital music and games , as well as more futuristic gadgets. Disney aims to provide guests with a " high-tech,high-touch" interactive experience that helps them u"understand how to seamlessly interconnect their home, the surrounding community and the world", the company stated.
Thursday, May 1, 2008
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