Living In Socal » Home Buying Help

Brea Homes For Sale 2009

Lynda Eisenmann — Mon, 17 Aug 2009 04:11:00 +0000

Homes for sale in Brea heat up this summer!

Brea, CA Real Estate Sales Report ~ Brea home sales heat up this summer in Orange County.

Brea Single Family Homes for July 2009:

56 re-sale homes were for sale, compared to 67 last month and 81 two months ago, 65/94/ respectively for the past few months.
33 pending sales & back-ups, up dramatically 20 last month, and 23/18/ 25/12/20/16/36/30/27/ prior months.
22 homes closed in July up from 15 last month & compared to 24/29/12/13/20/11/28/30/24/20/14/21 respectively in the prior 12 months.
Average selling price for July was $570,000 (compared to $482,668 last month) for a home with an average of 2238 square feet.
The average days on the market for July was 38, down from 53 days in June and almost 1/2 of days on the market of 70 for May.
Of the 22 single family home, only 1 appears to be a bank/owned foreclosure, yet 4 out of the 22 were identified as short-sales or pre-foreclosure.

Brea Condo Sales Activity for July 2009:

Only 10 Brea condo/town-homes were for sale, exactly the same as last month and compared to 14/16/14/6/12/9/13 in the past few months.
4 pending sales/back-ups went into escrow the same as last month compared to 6/3/3/1/4/3/1/5/7/2/1/1/ in prior months.
6 condos closed escrow in July compared to 2/1/2/6/0/5/3/4/2/5/4/2/2/0 respectively in preceding months.
2 out of 6 closings were indentified as floreclosures, with 1 short sale.

Comparing Brea home sales year-to- date 2008 vs. 2009.

2008 ~ 152 Closed Brea sales $520,235 Average Sales Price, $298.15 Sq. Ft., 85 days on the market, $293.68 price per square foot.
2009 ~ 166 Closed Brea sales Closed, $527,785 average sales price, $262.36 Sq. Ft., 73d ays on market, $259.09 price per square foot.

Check out Southern Cal home prices per square foot to see how prices vary depending on your city.

We love Brea for many reason, our city is well known for excellence in education. Seems to me like Brea enjoys some of the bigger city benefits, yet maintains a small town atmosphere. Many of us who live here feel we have the best of both worlds!

Check us out, contact me at Lynda@PreferredHomeBrokers.com

So You Want to Buy a Pool Home?

Lynda Eisenmann — Tue, 07 Aug 2007 00:24:55 +0000

Those of us living in Southern California have the luxury of enjoying great weather throughout most of the year. Routinely when working with relocation buyers the subject of a pool home comes up during the process. And while there are differences in owning a pool home in various places in the country there are some things to consider which are fundamental.

Recently I came across this article posted by fellow REALTOR Ashley Drake of Albuquerque NM. I know Ashley is the top Realtor for Albuquerque, she’s also well written and widely read throughout the internet. I contacted Ashely and she was only too happy to share her information with my readers.

Read what Ashley has to say about buying a pool home.

When you’re ready to take a splash and buy a home with a pool, there are several factors for your consideration.

Utilities - Ask to see a year’s worth of utility bills. Find out what months the previous owners have kept the pool open as well as the average temperature they’ve kept the pool heater set. Your usage may differ and you should take that into account.

Maintenance and repairs – Even if you plan to maintain the pool yourself, factor in the cost of chemicals. If you plan on hiring a pool service, be sure you understand the cost of not only weekly service, but opening and closing the pool each year.

Maintaining the pool – If you plan on maintaining the pool yourself, make sure you understand how much time this will take. If you hire a service, you generally wouldn’t need to be home.

Landscaping – Does the current landscaping have a bearing on keeping the pool clean? Overhanging trees may drop leaves or grass may blow in during mowing.

To read the rest of Ashley’s report click here

Thank you Ashely for providing us with the great information.
If you find this information helpful, please let me know, I’d love to hear from you.
For So Cal real estate help contact me Lynda@PreferredHomeBrokers.com

Thanks Ashely for providing us with the great information.

Selling a Home ~ When is Best Time to Sell?

Lynda Eisenmann — Mon, 04 Jun 2007 07:00:45 +0000

Over the years I’m often asked by home owners, “When is the best time to sell my home?” I was just asked that same question yesterday while on a listing appointment.

The truth is, there are times of the year which are normally better than others. It can also vary depending on your locale. Are you in a year round market vs. a seasonal one? Is weather a factor in your market? And what about schools in your area, year round or traditional scheduling ?

In addition, timing a home sale can also depend on market conditions like supply vs. demand of similar homes. How many other homes are for sale in your market place? I’ve actually seen markets change almost over night. I can tell you specifically in the 3rd quarter of 1989 for example. Most recently last June of 2006, I observed a market shift. It can be a result of economic factors, i.e. interest rate, job loss/unemployment rate, that sort of thing. It can also be confidence (or lack of it) in the real estate market itself.

In the past I’ve had home sales on almost every day of the year on the calendar, except for Christmas. Although I have written offers (for buyers) and presented offers early on Christmas Eve. From past experiences I’ve described a holiday market as sluggish, however those looking at homes between Thanksgiving and New Year’s are usually serious about buying.

So with all that said…ultimately, it’s up to the home owner. When is the best time for you? You decide when it’s the right time for you to say good-bye to home sweet home.

If you’re serious about selling your home in today’s market, contact me, Lynda@PreferredHomeBrokers.com, to view www.preferredhomebrokers.com.