Aug
6
Los Alamitos Real Estate News: Distressed sales swamping market?
Filed Under Real Estate | 4 Comments
- Rare “standard sale” Greenbrook just went into escrow
(8/6/2009, Los Alamitos, by Dave Emerson) Today I’m taking a break from the political discussion to update another always hot topic: What’s happening with local real estate. I hope to get that long awaited recall post up tomorrow or Saturday, and you’re welcome to carry on or join the very interesting discussion on the recall or other issues related to last Monday’s Council meeting, but for today I’m focusing on our housing market for a change.
As you’re probably aware, the first wave of foreclosures hit lower priced “starter neighborhoods in Southern California much harder than it hit Los Alamitos, let alone Rossmoor. That was largely because very few “sub prime” or no down loans were made in our community during the recent sub prime boom, because most Los Al buyers were Read more
Apr
30
Need to appeal your Los Al prop tax today? Easy 1 minute test:
Filed Under News you can use, Real Estate | 2 Comments
It's your money!
(by Dave Emerson) Yesterday I gave you detailed information about filing to get your Los Alamitos Property Tax reduced.
Since informal appeals for the 2009-2010 tax year must be postmarked today, here’s the instant version:
3 Quick steps to find out if you should file:
Apr
29
OC deadline tomorrow for huge property tax savings: Here’s how to file
Filed Under News you can use, Real Estate | 4 Comments
(Los Alamitos, by Dave Emerson) If you purchased a home in Los Alamitos (or anywhere else in Orange County) between January 1, 2003 and December 31, 2007, you’re probably running out of time to save on your 2009 – 2010 property tax bill.
That’s because “informal appeals” of OC property tax assessments must be postmarked tomorrow at the latest.
Fortunately, the links below will enable you or your friends to determine how much you’re likely to save, and to complete the entire process in about ten minutes.
Whether or not you really need to appeal is another hot question, with Orange County Assessor Webster Guillory claiming that Read more
Feb
20
Los Alamitos Real Estate update
Filed Under News you can use, Real Estate | 9 Comments
President Obama greets Arizona high school students after announcing his housing plan Wednesday
(by Dave Emerson) We’re going to take a brief look away from politics to another topic almost everyone’s interested in: The ongoing real estate crisis in our fair town, state, and nation.
DataQuick’s January Median Prices for 90720
DataQuick’s numbers are broken down by zip code, which lumps Rossmoor and Los Alamitos together. The median price (a tricky number) for sales of single family homes & condos that closed last month in 90720 was $555,000, down almost a third (32.3%) from January 2008.
Sadly, only 6 homes and condos closed escrow in the whole zip code last month, which was down 25% from the 8 homes closed in January 2008, which wasn’t that great either. What’s that work out to–about 1 closing for every real estate office in town? Guess that’s why most of us local Realtors work a broad area.
Medians are easily skewed by market shifts, so this doesn’t mean your home went down 32% last year. Part of the decline is a result of more starter homes and condos being foreclosed and sold, while larger, more expensive “move up” homes sit unsold. As the normal move-up buyers have been losing equity, there’s been a real dearth of move-up buyers for our towns more expensive homes.
Details on the President’s newest mortgage relief plan:
Details continue to emerge on the President’s newest plan directed at helping those in trouble with their mortgage. One of the better summaries I’ve seen so far was in an e-mail I received from James Liptack, President of the California Realtors’ Association: Read more
