There are 186 active listings as of 4/28/08 compared to 217 in Mar of 08.
There are 19 pending sales , 2 contingent sales and 20 closed escrows. The average days on the market was 145 and the average price per sq. ft. was @216.42 compared with $211.16 in March .
The good news is the falling inventory. Buyers have less from which to choose, so may step up to the plate in a more timely fashion.
Monday, April 28, 2008
Thursday, April 24, 2008
Inspect then list
Today's real estate market is not what it used to be. If you want to sell your home, you may be thinking of ways to set your home apart from others. Get an inspection before you list!!! It saves surprises when you get into escrow.
Resources:
American Society of Home Inspectors ( www.ashi.org)
California Real Estate Inspection Assn. ( www.creia.org)
International Assn. of Certified Home Inspectors ( www.nachi.org)
Call me for more information.
Resources:
American Society of Home Inspectors ( www.ashi.org)
California Real Estate Inspection Assn. ( www.creia.org)
International Assn. of Certified Home Inspectors ( www.nachi.org)
Call me for more information.
Thursday, April 17, 2008
New California Laws for 2008
1. Bicycle riders must have some sort of illumination devices while riding on a highway, street or sidewalk at night.
2. Smoking will not be allowed in any vehicle if minor children are inside. This applies whether the vehicle is moving or parked.
3. The California minimum wage will increase 50 cents to $8.00 per hour--one of the highest in the country.
4.A new law will allow consumers to redeem gift cards with balances of less than $10.00 for cash.
5. Cities and counties will now be required to designate areas where homeless shelters can be constructed without the requirement to obtain a conditonal use permit.
6. Courts will now be able to require parents or guardian of gang members to attend parenting classes.
7. Cites and counties will no longer be allowed to require landlords to verify the citizenship of their tenants.
8, Beginning July 1, California will prohibit drivers from using wireless telephones without a hands-free device while driving . A separate law prohibits all drivers under age 18 from using a cell phone even with a hands free device.
2. Smoking will not be allowed in any vehicle if minor children are inside. This applies whether the vehicle is moving or parked.
3. The California minimum wage will increase 50 cents to $8.00 per hour--one of the highest in the country.
4.A new law will allow consumers to redeem gift cards with balances of less than $10.00 for cash.
5. Cities and counties will now be required to designate areas where homeless shelters can be constructed without the requirement to obtain a conditonal use permit.
6. Courts will now be able to require parents or guardian of gang members to attend parenting classes.
7. Cites and counties will no longer be allowed to require landlords to verify the citizenship of their tenants.
8, Beginning July 1, California will prohibit drivers from using wireless telephones without a hands-free device while driving . A separate law prohibits all drivers under age 18 from using a cell phone even with a hands free device.
Monday, April 7, 2008
Feeling down? Exercise
Worried about the stock market, your health, or the health of someone you love?--- Exercise. It not only benefits our physical body, but it has similar benefits for our mental health.
The type of workout may not be as important as how often your exercise and how consistently you continue to work out and be physically active.
Here are some tips for incorporating exercise into your lifestyle:
1. Slowly add exercise to your daily routine
2. Invite a friend to go for a walk with you
3. Be an exercise buddy to someone else.
4. Over time begin to increase your activity. Add new exercise moves, dance to a video, take an exercise class.
5. Be sure you are healthy enough to start an exercise routine. Ask your doctor.
The type of workout may not be as important as how often your exercise and how consistently you continue to work out and be physically active.
Here are some tips for incorporating exercise into your lifestyle:
1. Slowly add exercise to your daily routine
2. Invite a friend to go for a walk with you
3. Be an exercise buddy to someone else.
4. Over time begin to increase your activity. Add new exercise moves, dance to a video, take an exercise class.
5. Be sure you are healthy enough to start an exercise routine. Ask your doctor.
Tuesday, April 1, 2008
Winner of Mario's Gift Certificates
This month's drawing was won by Joan Scully.
If you want to enter next month's drawing for a gift certificate to the Discount Cleaners at the Marketplace, please comment on this blog by clicking the comment check and leave your email address or go to my website at elaineleib.com and click on contact info.
If you want to enter next month's drawing for a gift certificate to the Discount Cleaners at the Marketplace, please comment on this blog by clicking the comment check and leave your email address or go to my website at elaineleib.com and click on contact info.
Sunday, March 30, 2008
March SCPD statistics
Active listings: 217 from a Villa ( 1 BR 1 BA) 1050 sq. ft. to $1,090,000 for a Marseille on the golf course ( 2918 sq. ft)
Pending Sales: 21 from a Maui LP. 269,000 to a Marseille on the golf course LP.$1.200.000
The Maui had been on the market for 478 days; the Marseille for 34 days.
Closed Escrows: 11 from a CA Casual @ $250,000 to a Great Rm. Portofino on the Golf course at $875,000
If we drop the highest price escrow, the average price per sq. ft is 196.65 7 sold under $400,000, 3 above $400,000.
During the same period in 2007 there were 21 closed escrows from a CA Casual @289,000 to a Privacy Marseille @ $950,000 and the average price per sq. ft ( not counting the $950,000, was $231.05. If my calculations are correct, that is almost a 9% drop from 2007.
Pending Sales: 21 from a Maui LP. 269,000 to a Marseille on the golf course LP.$1.200.000
The Maui had been on the market for 478 days; the Marseille for 34 days.
Closed Escrows: 11 from a CA Casual @ $250,000 to a Great Rm. Portofino on the Golf course at $875,000
If we drop the highest price escrow, the average price per sq. ft is 196.65 7 sold under $400,000, 3 above $400,000.
During the same period in 2007 there were 21 closed escrows from a CA Casual @289,000 to a Privacy Marseille @ $950,000 and the average price per sq. ft ( not counting the $950,000, was $231.05. If my calculations are correct, that is almost a 9% drop from 2007.
Thursday, March 27, 2008
Uptick in sales
Tuesday's Desert Sun ran the following:
Valley Sales Up
Coachella Valley home sales in February increased 4.5% over January's sales, according to the California Association of Realtors.
Sales are down 14.2% from February 2007, figures released Monday show.
The exact number of homes sold was not released.
Statewide, February's single-family home sales rose 9.5% from January, but were down 28.5% from February of last year. It's the fourth month in a row that California's sales rose month-over-month.
The median price of a Coachella Valley single-family home was $334,910 in February, up 4.8% from January. The state's median was $409,240..
Valley Sales Up
Coachella Valley home sales in February increased 4.5% over January's sales, according to the California Association of Realtors.
Sales are down 14.2% from February 2007, figures released Monday show.
The exact number of homes sold was not released.
Statewide, February's single-family home sales rose 9.5% from January, but were down 28.5% from February of last year. It's the fourth month in a row that California's sales rose month-over-month.
The median price of a Coachella Valley single-family home was $334,910 in February, up 4.8% from January. The state's median was $409,240..
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