Todd is a unique, open and caring Anaheim Hills real estate agent, specializing in helping people find good values and good homes in Orange County.
Real Estate News With a Gay Slant
I have been licensed since 1991. I am a retired H.S. Principal with extensive education in Real Estate. Pismo Beach is a quiet community with a large active community. The Community is well accepted and welcomes you.
I’m a former licensed general contractor who’s well versed in every aspect of representation for both buyers and sellers. LA’s Westside offers a multitude of different neighborhoods for every lifestyle choice.
Randy Merrill is knowlegable, reliable and detail oriented. He has a lot of experience with bank owned and short sales. In the foothills, a short trip to San Francisco or Lake Tahoe.
John help buyers and sellers make informed decisions for their real estate needs in the Pasadena area. There are many gay people in the Pasadena area, because of the beautiful landscape & also wonderful character homes.
The spring home buying season is well underway and bidding wars are breaking out on San Diego’s streets. People trying to land a home while interest rates remain relatively low are up against limited choices and considerable competition. This is most evident in the western regions of the nation and San Diego is no exception.
A seller’s market is defined as a market which has more buyers than sellers resulting in higher prices due to an excess of demand vs. supply. In San Diego, the lack of current inventory is attributable to various reasons including homeowners who are underwater, meaning they owe more than the home loan balance.
Selling may still be unrealistic for even those who are above water due to down payments, real estate commissions, taxes and other fees associated with the sale of a home. Having at least 20 percent positive equity in a home is important for those who are selling to move to a home of equal or greater value.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at firstname.lastname@example.org
Trish McLean can help you buy or sell your home in Sonoma County – she promotes sustainable home ownership for all clientele since 1993. The Sonoma wine country was named #2 gayest metro area in nation by UCLA! Wine & food haven, nature lovers paradise.
Alan is a California licensed broker in San Diego with 8 years of experience. He has an MBA and is a Certified Residential Specialist. San Diego is one of the most GLBT friendly cities in the US.
Looking for a great gay-friendly mecca in the Los Angeles? West Hollywood is sooooo 2010, Ken Williams at LA Weekly says… Silverlake is the new place to be:
The new gay paradigm, in fact, makes the culture of West Hollywood look obsolete. It wasn’t long ago that gay men had to embrace certain cultural hallmarks and modes of socialization to find a place in their community. Now, if you want to be gay, watch football and belch with your friends, look no further than Reddit.com’s Gaybros community (or LA’s very own Rebellion Rugby Team) to find a place to belong. Throughout history and beyond all things homosexual, Silver Lake has always been a reaction to the ideals of the Westside. Its culture, style and politics provide a necessary counterweight. And so while toned bodies reign supreme on the pristine streets of WeHo, untamed bars and the East’s fringe culture offer a place where pretensions are easily shed.
Read more at the link above.
Lets start with the south.
San Diego’s market is gearing up too, Southwest Riverside News Network reports:
Rising housing prices are reinvigorating the move-up market for San Diego County homeowners, the head of the San Diego Association of Realtors said today. The trade group reported this week that the price of a single-family home increased 14 percent — from $360,000 to $410,000 — between February 2012 and last month. It’s the first time in two years that the median price of a house in the San Diego region crossed the $400,000 level.
KPCC reports on a price jump for Los Angeles County:
U.S. home prices jumped in January, a sign the housing market is gaining momentum as it nears the spring selling season, with Los Angeles among the cities with the highest increases. Home prices rose 9.7 percent in January from a year ago, according to data released Tuesday by CoreLogic. That’s up from an 8.3 percent increase in December and the biggest annual gain since April 2006.
The OC Register sees an improvement in Orange County real estate, but no bubble:
In the four years since the bottom, Orange County price have risen 24 percent to January’s median selling price of $460,000. That’s only an annualized rate of recovery of 5.6 percent. Remember: In the 1990s, it took almost seven years to regain the losses — at least, measured by DataQuick’s median –from that era’s housing mess. Our latest wild ride will turn six years old in June, dating back to the 2007 pricing peak. So far, in 66 months, only one-third of the price drop — as measured by DataQuick — has been restored. We’re running quite behind the rebound pace from the previous real estate darkness of the 1990s. That makes it hard to see recent gains as signs of any bubble-like patterns — especially in the broader picture of a modestly improving broader economy.
Got some extra scratch? the NY Daily News reports that Bob Hope’s famous “UFO House” is for sale in Palm Springs for a cool $50 Million:
Legendary actor Bob Hope’s iconic “space-age” home in Palm Springs, Calif. has hit the market and is being listed for a cool $50 million. The sale marks the first time the house, located at 2466 Southridge Drive in a gated community, will leave the Hope Family and its potential buyer will be among the few who have seen the inside of the private home.
In Riverside and the Inland Empire, foreclosures are way down, Patch.com says:
Dovetailing with a statewide trend, Riverside County’s foreclosure activity dropped last month to levels not seen in years, a real estate tracking firm reported this week. A total 1,718 mortgage default notices, auction sale notices and bank repossessions were recorded countywide in January, translating to 1 in 462 households in some stage of foreclosure, according to Irvine-based RealtyTrac. The number of filings was down 40 percent from December and 64 percent lower compared to January 2012, figures showed.
Now on to the central coast. As The Californian reports:
In Monterey County, the average sales price for single family homes rose 16.3 percent to $552,185, up from $474,642 in January 2012. The average price for a condo rose a staggering 44 percent, from $184,605 last year to $265,750 in January. Completed sales remained close in number — 227 for January 2012, compared to 216 for this year — while inventory (the number of homes on the market) dropped significantly, from 1,451 in 2012 to 963 in January.
And up north, KTVN reports that Lake Tahoe’s real estate market is improving too:
December reports show an increase of 15.3 percent year over year. In the Lake Tahoe area, things are also looking up. On Wednesday, a home in Tahoe sold for $20.9 million dollars, bringing a lot of optimism moving forward. “This time of year, traditionally, is very slow,” says Bill Dietz, President of Tahoe Luxury Properties. “But, as a result of the up tick in the market right now, we’re seeing considerable activity.” Dietz says home sales are up 35 percent in the area, and prices are up 10 percent, year over year.
The Sacramento Business Journal thinks Sacramento’s experiencing a housing boom:
“Sacramento is officially in a real estate boom,” Lyon Real Estate president and chief operating officer Pat Shea said in a news release. “Practically every home under $750,000 that gets listed in the greater Sacramento area sells immediately.” Sacramento-based data aggregator Trendgraphix reported Thursday that for homes priced less than $750,000, 4,833 new listings were posted in Sacramento, Placer, El Dorado and Yolo counties in January and February. In that time, 4,794 homes were sold, “leaving less than one month of standing inventory.”
And Digital Journal reports that San Francisco home prices are nearing their pre-recession heights:
According to the Zillow Home Value Index the average price of a home in San Francisco on March 1st, 2008 was $775,000. The current index shows that this price is averaged on February 15th, 2013 at $768,000, only $7,000 less than the 2008 price. Trulia, another online site that watches market trends shows that the average listing price currently in San Francisco for the week ending February 20th is $1.45 million. “This rebound has easily been shown in the speed in which listings in the San Francisco market have been selling as well as the number of offers per property that we are seeing.” says Dahle.
Statewide, Millionaire’s Corner reports on one reason why the California real estate market seems to be thriving again:
The decline is due in large part to the changing legal landscape in the California mortgage market, which experienced a 75 percent decrease from January 2012 to January 2013 to the lowest level since 2005. “The U.S. foreclosure landscape in January was profoundly altered by the effects of new legislation that took effect in California on the first of the year,” Daren Blomquist, vice president at RealtyTrac, said in a statement, referring to a “Homeowners’ Bill of Rights” that imposes stricter regulations on mortgage servicers operating in California. “For the first time since January 2007 California did not have the most properties with foreclosure filings of any state. Instead that dubious distinction went to Florida.”