The Huntington Beach Real Estate Market Today

As of this writing, there are a total of 529 active single-family listings in Huntington Beach.  The average asking price is $ 863,000 and homes remain on the market about 107 days.  As for condominiums, there is a total of 336 currently listed for sale with an average price of $ 406,186 and usually sell within 103 days.

 

Recent Sales Report for Huntington Beach from 3/21/2011 to the present

For all of Huntington Beach 71 single-family homes were sold. The average sales price was $ 785,073 and sold after 134 days on the market.  The price per square foot comes to $ 368.  With an average of 129 days on the market, 51 condominiums were sold with an average sales price of $ 375,865 and price per square foot of $ 294.  The minimum sales price for the area was $ 145,000 and the maximum was $ 1,175,000.  These sales occurred in the following areas:

Fountain Valley / Northeast HB

In the northeast area of Huntington Beach a total of 3 single-family homes were sold with an average number of 158 days on the market.  The price per square foot in this area is $ 367.  The lowest sales price in this area for this time period was $ 440,000 and the maximum price was $ 509,000.  Only one condominium was sold for $ 248,000.  It was on the market for 247 days and the price per square foot is $ 325.

 Northwest Huntington Beach

In this section of the city 21 homes were sold with an average days on the market of 143.  The average sales price was $ 821,370 and the price per square foot is $ 372.  The highest priced home sold for $ 1,890,000 and the lowest sold for $ 367,000.  A total of 11 condominiums sold in this area for an average price of $ 324,000 and 116 days on the market.  $ 275 is the average price per square foot.

The highest priced home in this area went for $ 633,000 and the lowest was $ 145,000.

 

 South Huntington Beach

In this part of town the average number of days on the market was 114 and a total of 15 homes were sold for an average of $ 572,773 and $ 338 per square foot.  The most expensive home sold for $ 772,500 and the least expensive home sold for $ 250,000.  Condominiums sold on average within 113 days for an average price of $ 304,759 and a square footage cost of $ 276. The highest priced condo to sell was $ 470,000 and the lowest was $ 230,000.

 
West Huntington Beach

Finally, West Huntington Beach had the most activity with 32 homes and 18 condominiums sold during this time period.  The price per square foot for homes was $ 379 and $ 324 for condominiums.  The average price of a home in this area was $ 890,400 and $ 495,619 for condominiums.  The highest priced home to sell went for $ 1,900,000 and the lowest was $ 385,000.  The highest priced condominium went for $ 1,175,000 and the lowest sold for $ 165,000.

Summary

With this detailed information about sales in the Huntington Beach real estate market you can get a very accurate city-wide picture of prices and values.

 

 

Read More Recent Real Estate Sales Articles

Home foreclosures have hit every state hard, including Florida. Seven out of the ten housing markets that are expected to take the biggest drop during the first quarter of 2011 are in Florida. These markets are expected to have the largest declines in single family home prices during the next year according to some predictions.

The good news is that steeper declines that were predicted do not look like they will happen now in the Florida markets, but Florida homes are still among the hardest hit areas in the United States in terms of foreclosures.

The recent foreclosure freezes have also made things tough in Florida, with South Florida hit especially hard. The foreclosure freeze means homes are taken off the market for the time being, meaning nobody is profiting. The freezes were put into effect by some of the nation’s top lenders.

Roughly 2.9 percent of bank owned properties have been removed from the market.

Recently there have been paperwork issues relating to foreclosures and they will now remain off the market until an investigation is completed.

Florida’s attorney general Bill McCollum has teamed with attorney generals of the other 49 states as part of a joint investigation regarding the foreclosure issues.

A Florida real estate consultancy says that there are currently about 4,000 bank owned homes in Miami-Dade, Palm Beach and Broward counties that are available for resale. There are now approximately 3,800 bank owned single family homes, condominiums and town houses in the South Florida market. This is about a thousand less than before all of the foreclosure issues came to light, prompting the foreclosure freezes.

With new home sales remaining flat, bank owned properties are another part of the market that traditionally helps to pick up the slack. However, the recent foreclosure freezes have pretty much put a halt to that market, especially in South Florida.

Lenders are concerned that their paperwork may not have been processed or handled correctly. Many of lenders are choosing to be cautions, rather than risk fines or other actions later should their paperwork have similar problems to the types of errors that prompted the investigation in the first place.

Many lenders are simply choosing to pull bank owned properties off of the resale market. This is occurring at the rate of approximately 300 properties per week in the South Florida market alone.

Right now it is unclear if a process known as short sales, where the lender accepts less than the total amount that is owed by the borrower, will be effected by the current foreclosure freeze.

In what could be seen as a ray of hope for the Florida foreclosures market, a Charlotte, NC based Bank of America announced plans to resume pending foreclosure sales of more than 100,000 actions within the next week or so.

The additional problems created by the foreclosure issues come on top of some predictions that the Florida real estate market will be the worst in the United States over the next year.

Other issues facing the Florida real estate market include an aging population that is facing another year without an increase in Social Security benefits, meaning less money to spend on real estate. The state of the economy and the sustained high unemployment mean that in Florida, as in many states, people are simply not buying new homes at the same rate.

Buyers are also more cautious. The news of problems with foreclosure related documents could also make some people hesitant to purchase a home from a foreclosure re-sale.

Right now the best hope for the Florida real estate market is that the foreclosure issues will be resolved quickly and that lenders will resume their foreclosures. This will allow properties to re-enter the market sooner. It will also minimize the impact the foreclosure news has had on people’s perceptions of the foreclosure industry right now.

Confidence is a big part of success in the real estate market. In general if people see some positive signs that things will get better they tend to invest in real estate.

If foreclosure proceedings start up again successfully in other states, it’s only a matter of time before Florida resumes with foreclosure proceedings.

 

Southwest Florida real estate – from flip to flop
It came as banks started pouring huge numbers of foreclosed homes and short sales back onto the real estate market. The News-Press pored over hundreds of transactions and found dozens that under guidelines developed by banking fraud consultant …
Read more on The News-Press

Article by Steve Henderson

In Rhode Island most purchase and sell agreements (purchase and sales agreements) for single-family homes are on a form ready by the Rhode Island Association of Realtors. The Purchase and Sales Agreement could be a terribly necessary legal document that sometimes sets forth the sales price, time, date and place of the residential property closing, contingencies based mostly on financing, in addition to several other provisions.You’ll attempt to negotiate modifications to the present agreement and are not obligated to sign the standard form. Previous to signing the Purchase and Sales Agreement, the customer should contact a Rhode Island lawyer / attorney who makes a speciality of property law, residential real estate closings and title law.This agreement was written with the intent to be honest to both buyers and sellers of residential real estate; however, the client ought to not sign this agreement without paying careful attention to any or all of the provisions including the following provisions:1. The agreement provides for a bound number of days among that buyer should apply for his/her mortgage. Pursuant to the terms of the standard Rhode Island Purchase and Sales Agreement, if the buyer fails to use for the mortgage, his deposit can be forfeited. Please create certain that you permit enough days for this application to be made.2. The agreement provides that if the buyer applies for a mortgage greater than the quantity set forth within the Purchase and Sales Agreement, buyer can haven’t any right to obtain a come back of his deposit if his mortgage application is denied. Buyer should be bound that the amount stuffed in for his proposed mortgage is in fact the highest amount that he intends to apply for.3. The agreement provides that the customer must accept the property with any easements or restrictions of record that impact the property. The client should scan the Rhode Island Real Estate Sales Disclosure Type previous to signing the Purchase and Sales Agreement. Rhode Island Law needs that the vendor of residential realty in RI notify the client of any restrictions or easements. Buyer ought to check the disclosure kind and if the seller indicates that there are restrictions or easements, buyer ought to scan them previous to signing the Purchase and Sales Agreement. If the buyer will not perceive the legal implications of the restriction or easement, then they must contact their realty attorney.4. Buyer’s right to a come back of their deposit within the event they’re not glad with house inspections, such as physical/mechanical, pest infestation and septic system, depends on the inspector finding a substantial / materially deficient condition that has not been disclosed to the client previous to the execution of the Purchase and Sales Agreement. This implies that the client should fastidiously browse the Real Estate Disclosure provided by the vendor previous to signing the Purchase and Sales Agreement to create sure that seller has not disclosed existing deficient conditions on the property in this form. If deficient conditions are disclosed, the Purchase and Sales Agreement ought to be amended to indicate that buyer might terminate the agreement based mostly upon these deficient conditions

Real Estate Purchase and Sales Agreement training for real estate professionals. Simple, but powerful things you should know before you make your offers.
Video Rating: 0 / 5

Related Purchase And Sales Agreement For Real Estate Info

Article by Dave Lindahl

For the new real estate investor looking to break into the real estate investor market and make a name for themselves a real estate investment syndicate offers the best way forward, minimising exposure, solving the issue of cash flow and, at the same time, giving the opportunity to those who do not know anything about the real estate market but nevertheless wish to invest money in it, to dip a toe in the water without risking every penny they have.

Sounds too good to be true? Well, there is a catch, as usual, in that you need to first put the syndicate together which means you need to find the right group of people and convince them to put up a share each and then trust you to lead the deal in a way that will make money for everyone involved in it.

How to find these people and how to convince them to trust you is what I cover in detail in many of my courses, workshops and seminars. In short it comes down to the people skills you should have as part of your real estate investor skill set. While it is a little tricky it is not rocket science. Projecting a confident, professional air that is conducive to trust is partly what being a real estate investor is about so if you cannot yet achieve that you may not be quite ready for the part.

The good news is that provided you are prepared to put in a bit of work these are skills which almost anyone can learn.

Syndicate real estate investing is a ‘safe’ form of investing as it allows you and those who put up their money and agree for you to front them the luxury of playing the real estate market with a minimum of exposure in terms of the amount of money invested there. The returns on the other hand can be quite handsome meaning that your reputation will also grow along with your bank balance and you will soon find yourself inundated with real estate investors who want you to accept them in a real estate investment syndicate.

Before this very happy state of affairs occurs however you will need to prove yourself by closing a few initial deals.

Real estate investing as a career can be rewarding as well as satisfying. You do need to be able to pay attention to details, work well under pressure and be creative when called upon to do so. In return you will get a reputation that allows you to develop your own stream of clients and break away from the nine-to-five trap of working.

The challenge then will be to successfully manage the wealth you have and how to best balance quality of life with the greatest job in the world.

REI Wise and NAI Global Sign Multi-Year Agreement for Sales Network Listing …
NAI Global's extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory …
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Home Page > Marketing > International Marketing > Real States: How to Market Real Estate Properties for Success

Real States: How to Market Real Estate Properties for Success

Edit Article | Posted: Sep 19, 2010 |Comments: 0 | Share Syndicate this Article Copy to clipboard <br /> <h1>Real States: How to Market Real Estate Properties for Success</h1> <p>By: Justin Brown</p> </p> <p>About the Author</p> </p> <p>MAGIC SEO BOT Fully Automated SEO Promotion Tool for Better Ranks/Traffic/Sales/Bookings And 34000 unique Visitors Daily With Plr Article Is World Most Affordable Private label Article, Its More Then Million Top Quality, Articles Theme Club – Premium Quality WordPress Themes For Free, Download them From <p class="tracker">(ArticlesBase SC #3296223)</p> <p>Article Source: – Real States: How to Market Real Estate Properties for Success</p> <p>

How to Market Real Estate Properties for Success in the Laurentians, St-Jerome, Mont-Tremblant.

Article Marketing Experts

100% Manual Submission Writing At Per 500 Words for FREE Theoretical Experience in Real Estate Marketing.

It’s always intimidating at first to do anything new and being perplexed or even a little scared and apprehensive is quite normal in the beginning.

There are plenty of resources for information about marketing approaches and,if you are new to the business,finding out a little theory will help you become confident enough to move to the next step:choosing a technique you are interested in and which matches your personality.

Don’t become a victim of Paralysis Through Analysis:you can’t nor should you want to know everything about every single aspect.

Don’t get blocked by insecurity and simply pick one or two techniques you think you could be comfortable with and test, test, test and test some more..

Make your Real Estate Marketing Mistakes Early on.

Don’t be afraid of making small mistakes:they are your surest way to success.

It’s much better to test and fail with small and affordable quantities until you finally succeed than to put your year’s real estate marketing budget on a campaign you think is amazing;to find out too late it doesn’t produce the expected results.

Start a marketing campaign.

Knowing where you want to go with your real estate marketing campaign is the best way to get there.Answer the following questions about you average client:

Age

Sex

Income

Education

Interests

Favorite media

Free Plr Articles

High Quality 140000 Plr Articles For FREE Now know this sound like a waste of time and that you are willing to sell real estate to anyone,no matter how old or young they are.

The bad news:there is no way you can reach / sell to everyone.

The good news:you don’t have to in order to be successful and you can reach a specific type of clients,perhaps the one you feel most comfortable with, if you identify what they do and how they look for their real estate.

Get Clear, Realistic and Measurable Real Estate Marketing Objectives.

How many leads do you need to generate per week /month/ year?

How many people does it take to get one lead?

How will you evaluate the quality of your leads?

How will you know your marketing campaign is working (or not working)?

How much can you afford to spend?

Delegate the T Word.

Technology is nothing to be afraid of, especially in real estate marketing.The most important here is to select the media that will reach the niche market you chose earlier.

Don’t waste your time understanding or even worse:doing yourself, what others can do for you,for cheap and with quicker and most likely better results.

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Justin Brown – About the Author:

MAGIC SEO BOT Fully Automated SEO Promotion Tool for Better Ranks/Traffic/Sales/Bookings And 34000 unique Visitors Daily With Plr Article Is World Most Affordable Private label Article, Its More Then Million Top Quality, Articles Theme Club – Premium Quality WordPress Themes For Free, Download them From Rate this Article

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In almost every real estate investing seminar I’ve ever attended, a lot of time has been invested in teaching real estate investors and potential real estate investor on how to find good deals. Because deal-finding is so crucial to ones investing success and longevity in the real estate investing business, I recently decided to chat with a real estate investment friend and look back and see which methods have generated the most deals and the best deals for him.. In reviewing the 200 properties he has bought or flipped over the last 5 years, I was surprised to find that many of the “traditional” sources of great deals haven’t worked for him, while some less obvious methods have been great lead generators. I’d like to share with you the results of my study.

The Multiple Listing Service. The MLS is essentially a catalog of all the properties listed for sale by brokers. Needless to say, some of them are good deals for investors, and some aren’t. Sometimes there is a great foreclosure in there, sometimes not. The trick is to ferret out which properties have motivated sellers without making offers on all of them. I’ve honed this skill through years of translating agent lingo like, “Handyman’s special” (looks bad, smells bad, has at least one major system that doesn’t function), “needs TLC” (ugly, but not smelly, and everything works). What you’re going to find is a lot of cost, markup and competition has set the price. As an investor, you really want to find ways around the ‘traditional real estate sales’ databases if at all possible.

Properties listed in the MLS are for sale. To anyone, including the real estate investor. This may seem pretty profound, but some of the other methods touted as great ways to find deals involve locating owners, then finding out if they want to sell. Properties in the MLS also have the advantage that all of the information about the property is pretty much laid out for you – a major time saver. For the average real estate investor, time really is money. And, with the sophisticated, computerized access available to your agent, it’s a matter of a few keystrokes to view all of the properties that are handyman’s specials, or bank-owned, or in estate, or priced under a certain dollar figure – whatever youd like to concentrate on. The disadvantage is that if you’re after foreclosures, you may not find the deals here.

Another reason that the MLS has worked so well is that generally the market for really ugly properties is where real estate investors may want to be, otherwise the deals for good real estate investing values just won’t be there. Coincidentally, these are the same properties that most agents prefer not to spend a lot of time with. In many cases, they’re downright cooperative – particularly when I’m offering all cash and a quick closing.

Direct mail to real estate agents? At one point, we did a mail out to 1,200 agent names from the Board of Realtors and generated a 3-part mailing to send to every agent in town. For the real estate investor, this might seem like a respectable idea, however there are drawbacks.

The theme of this campaign was this: if you, Mr. Agent, have a property listed that fits a specific real estate investment criteria, I’ll make an offer and you get to keep the entire commission. Out rolled a brilliant campaign -all posted first class, incidentally – and in numbered the telephone calls. All 9 of them. Thats correct. The workweek after the 1st letters got out, we got 9 calls. We had already produced offers on 3 of the houses; 2 were out of our price range; and two were overpriced listings soon to expire. Not a beneficial take for the average real estate investor seeking to realise a living with real estate investment .

The succeeding mailing gave even more answers – about 16 replys – all basically in the same classes. The final mail out, a postal card, encountered no notice at all. Basically, we consumed close to $1700 on a campaign that gave nothing for our real estate investing concern.

I still guess that this idea has some merit, but if performed again, we would make some substatial shifts. Initially, we’ll target only the 350 or so brokers who name the kinds of real estate investment properties we would purchase. Then, we would do a better job of composing the marketing collateral, underlining how the broker and his seller could gain from doing work with our real estate investment business. Finally, we would make the campaign a continuous one throughout the next twelve months, trying out dissimilar letters for reception and sending the best to the same real estate agents over and over. And lastly, to personalise the campaign by following up with a telephone call to the 30 or so preferred candidates. Target marketing our real esatate investing marketing attempts.

Ads in the Yellow Pages. For half dozen years, we have featured an ad in the “real estate” section of the Yellow Pages. Each calendar year, the ad has possessed some variation of the phrasing, “We purchase homes – all cash. This advertising only yields 3-4 calls a calendar month, but for some grounds the caliber of the telephone calls is better than those that are produced by whatever other means we have ever practiced. The sellers incline to be incited, cooperative, and bear unlisted houses. All of these items are precisely what the real estate investor is wanting in investment properties.

What is great is that you get to look at with these ads once a calendar year, then leave em. While they usually are pricy – 1000s per 12 month time period – the telephone company will regularly charge you every month for the price. In addition, as one of the very few ads in the telephone directory that promises to buy investment properties, You have not got alot of competition. This works out, but getting connected with people that own the houses in hand: banks, any mortgage company that possesses (and does not want) foreclosures, key real estate agents, any one that recognises the market and recognises you embody the real esate investor that understands the marketplace. Both cases, you succeed. Yellow pages, you pay for the leads, the word of mouth, time is payment for the great real estate investing leads.

Advertised FSBOs? Properties For Sale By Owner,
a.k.a. FSBOs, are a preferent means for a number of real estate investors. For us, on the other hand, have never bought a holding from an owner who promoted his property for sale rather than ringing me. Sounds like a deal for the budding Real Esatate Investor who purchases homes for a living right?

We have found various issues with straining to purchase FSBOs. The 1st is that many are not actually for sale. Some FSBOs are just “trying out the market to ascertain what variety of offers he’ll acquire. Other FSBO sellers are very moved to sell, but do not list because they need to keep all of the money from the sale. They do not wish to pay a commission – but they do not desire to receive a lower price, either. And sometimes a seller opts to try to sell their holding by themselves because they owe too much to bear a 5%-7% commission, even if he sells it at full price. For the real estate investor, obviously there is no economic value here.

If you are purchasing expensive properties creatively, these sellers are ripe for the variety of answer you propose. A majority of real estate investors schemes is to buy ugly real estate cheaply and for immediate payment, and you just do not witness this type of deal in advertized FSBOs.

fFiers to Targeted Neighborhoods: Last calendar year, we delivered 14,000 double-sided “We buy real estate” circulars published. We employed an individual to set this flyer in the threshold of every single, two, or multi family residence they saw in the prospective region. Every three calendar weeks or so, 5,000 approximately of these flyers were delivered, and the reply from qualified sellers was first-class. For a price of less than $500, we gained 3 deals that clearred over $8,000. For a new region for the experienced real estate investor or just examining a dissimilar way to ‘farm’ the real estate investment outlooks in a given area, this is very good and popular way to find out if there are any sound real estate investment deals to capture.

Billboards in the same neighborhood? Here is a object lesson in messing up a beneficial thing: hot on the heels of our massively successful circular campaign, I settled to spring for 4 large billboards in the same vicinity. The trouble was that my marketing budget is only so large, and purchasing the billboards signified stopping the fliers. Still, I envisioned that the billboards would get more attention anyway, so I handed over the $1,800 and acquired…

No response.. Nothing……

The Point? Keep with What does work. This is the number one rule of obtaining good real estate investment properties.
.
Employing only one lead source at a time. In my experience, it is best to use at least a few dissimilar techniques of lining up deals at the same time: preferably 2 youve practiced before with some results, plus 1 that you are screening. Which takes us to:

Not understanding which of your deal-finding techniques are producing, and which are not. If you are going to expend money on fliers or ads or phone pole signs or whatever, it is very significant that you give attention to which methods are getting good leads, and which are not.. For any real estate investing occupation, and business in general, one needs to monitor and try out the outcomes of a marketing campaign. If you are not tracking your lead sources to expose which are producing leads and which you should give up, youre wasting away time and money that could be set to use giving you deals.

Normally a down real estate market is a heaven for investors. There is a variety of properties available for sale and many homeowners are desperate to sell and negotiate a price that will get them out of high waters. In such market, there is also a good amount of foreclosures and pre-foreclosures available and investors can play their game with the scale tipping to their side. The present economy is a good testament of those conditions. However, despite the large amount of properties in the market, competition between investors is always there – every perceptive investor wants to snatch the best deals.

Sometimes, those deals may be easy to spot, and sometimes it will take more digging and market research. However, an investor must be ready to act and have the necessary capital or systems available to grab such opportunities if he/she wants to be successful in real estate investing.

One important issue is to know the area of your specialization as an investor because different types of properties require different capital and different management requirements. Are you specializing in single-family homes, condominiums, multi-family dwellings, raw land, apartments (1-4 families), farms, special building types such as abandoned churches or commercial buildings? Having this issue clear is the first step before looking into properties. It will help the investor focus on the type of property they want to invest in and not waste valuable time in properties that do not match their investment goals and budget, as well as their investment plan.

Investor can find properties in many ways. They can do drive by’s in neighborhoods where there are plenty of homes for sales and interview with neighbors, even those that do not have a for sale sign, but may be thinking to sell in the future. Research the neighborhood well before committing to any deals.

Other ways are to advertise yourself as an investor willing to buy properties. This will give homeowners the chance of calling you first before they put a for sale sign and pay a commission to a real estate agent. This will cut out the competition as well.
Look for properties in newspaper, publications, and local flyers. For sale by owners are a possibility, especially to negotiate price in a desperate market. Sometimes, homeowners are willing to walk away from a property without making any money as long as they can satisfy their bank loan.

Do not discount people who are having large garage sales, most likely they are thinking of moving in the near future. Real estate investing requires considering all possibilities.
Scout the obituaries for properties that will soon be on for sale, beat the agent to it. Also, scout the legal pages of the newspaper.

Consider run down properties or abandoned properties. Search for the current owner in the public records.

Make friends with bank and utilities personnel. They can be a good source of information on foreclosures and when utilities are being shut down – a sign of someone that may soon be moving.

There are tons of ways to approach real estate investing, as many as your imagination and creativity can think of.

Central San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes

As of this writing, the San Diego real estate markets appears to have shifted from one that favors sellers to one that favors buyers. However, this premise may not hold true for all communities within San Diego, as median prices for some communities continue to rise while others fall.

While there are many metrics to evaluate the real estate pricing trends of a community, one commonly used parameter is to evaluate the median price of homes from one point in time against a prior point of time. The median price reflects the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The median price metric provides one method to analyze the direction of home prices, but should not be used as the sole source of data from which to form conclusions.

The data below is a comparison of median prices for various communities in central San Diego County, comparing data from June 2005 against data for June 2006. This information is only one metric at a particular point in time, and other metrics or data from future months may support or dispute the pricing trends noted below. For some of the San Diego communities presented below, very few homes sold during June 2006, which diminishes the usefulness of the median price metric.

COMMUNITIES WITH INCREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Coronado real estate market, the median price was $1,775,000, which represents a 14.7% increase from the same time last year. Approximately 15 homes sold in June 2006 (21 homes sold in June 2005).

For the Point Loma real estate market, the median price was $1,024,068, which represents an 11.4% increase from the same time last year. Approximately 20 homes sold in June 2006 (14 homes sold in June 2005).

For the University City (UTC) real estate market, the median price was $780,000, which represents a 10.6% increase from the same time last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005).

For the La Jolla real estate market, the median price was $1,692,500, which represents a 10.3% increase from the same time last year. Approximately 28 homes sold in June 2006 (38 homes sold in June 2005).

For the Logan Heights real estate market, the median price was $425,000, which represents a 7.6% increase from the same time last year. Approximately 13 homes sold in June 2006 (14 homes sold in June 2005).

For the Paradise Hills real estate market, the median price was $507,500, which represents a 5.7% increase from the same time last year. Approximately 8 homes sold in June 2006 (16 homes sold in June 2005).

For the Mission Hills real estate market, the median price was $927,500, which represents a 3.1% increase from the same time last year. Approximately 11 homes sold in June 2006 (12 homes sold in June 2005).

For the Scripps Ranch (Scripps Miramar) real estate market, the median price was $759,250, which represents a 2.8% increase from the same time last year. Approximately 34 homes sold this month (43 homes sold in June 2005).

For the San Carlos real estate market, the median price was $563,000, which represents a 2.4% increase from the same time last year. Approximately 12 homes sold in June 2006 (16 homes sold in June 2005).

For the Del Cerro real estate market, the median price was $557,500, which represents a 2.1% increase from the same time last year. Approximately 13 homes sold in June 2006 (30 homes sold in June 2005).

For the Normal Heights real estate market, the median price was $676,250, which represents a 1.7% increase from the same time last year. Approximately 20 homes sold in June 2006 (19 homes sold in June 2005).

COMMUNITIES WITH DECREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Old Town real estate market, the median price was $580,000, which was a 19.1% decline from the same time last year. Approximately 5 homes sold in June 2006 (14 homes sold in June 2005).

For the Golden Hill real estate market, the median price was $451,000, which was a 16.4% decline from the same time last year. Approximately 10 homes sold in June 2006 (13 homes sold in June 2005).

For the Pacific Beach real estate market, the median price was $851,960, which represents a 14.8% decline from the same time last year. Approximately 15 homes sold in June 2006 (19 homes sold in June 2005).

For the Tierrasanta real estate market, the median price was $570,000, which represents a 12.6% decline from the same time last year. Approximately 9 homes sold in June 2006 (17 homes sold in June 2005).

For the North Park real estate market, the median price was $560,000, which represents a 9.7% decline from the same time last year. Approximately 31 homes sold in June 2006 (16 homes sold in June 2005).

For the College Grove real estate market, the median price was $475,000, which represents a 5.9% decline from the same time last year. Approximately 38 homes sold in June 2006 (40 homes sold in June 2005).

For the City Heights real estate market, the median price was $390,00, which represents a 5.3% decline from the same time last year. Approximately 17 homes sold in June 2006 (30 homes sold in June 2005).

For the Mira Mesa real estate market, the median price was $510,000, which represents a 4.7% decline from the same time last year. Approximately 45 homes sold in June 2006 (47 homes sold in June 2005).

For the Linda Vista real estate market, the median price was $510,000, which represents a 4.2% decline from the same time last year. Approximately 16 homes sold in June 2006 (17 homes sold in June 2005).

For the Mission Valley real estate market, the median price was $510,000, which represents a 3.8% decline from the same time last year. Approximately 7 homes sold in June 2006 (18 homes sold in June 2005).

For the Encanto real estate market, the median price was $435,000, which represents a 3.3% decline from the same time last year. Approximately 36 homes sold in June 2006 (47 homes sold in June 2005).

For the Clairemont real estate market, the median price was $555,000, which represents a 2.6% decline from the same time last year. Approximately 30 homes sold in June 2006 (34 homes sold in June 2005).

For the Sorrento Valley real estate market, the median price was $861,000, which represents a 1% decline from the same time last year. Approximately 6 homes sold in June 2006 (5 homes sold in June 2005).

ADVISORY

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time, and is not conclusive of the pricing trends for any community. For some communities presented above, very few homes were sold during June 2006, which makes the use of the median price metric of limited value. The data must be evaluated over a longer duration, and involve multiple metrics to fully understand enduring market trends. Contact your Realtor to obtain information about enduring market trends for any given community.

This is an interesting question, and one which requires a reasonably detailed answer for certain. The short answer is – it depends. Several factors must be considered before we decide to place our money into any investment, and real estate is no different. I will start by suggesting that you put into place a system. The system should be geared around the following questions and considerations:

1. Why do you want to move your money into the U.S. real estate market? Consider this carefully. Is it because your friends are doing it, business associates, or a family member? If so, talk to them. Ask them what there experience has been and where they have invested. Have they realized a return or has there investment depreciated?

2. While we’re on depreciation – In most cases, a real estate investment should be viewed in terms of your long term investment strategy. Real estate investments were never meant to be short-term. Yes you can flip properties, and many people do, however, there is additional risk associated with these types of short-term real estate investment practices. Having said that, you may continue to see some depreciation in your investment over the next few years, but the length of time, amount of depreciation, and relative appreciation over time is dependent upon the market you choose to invest in. You should not let this be of an overwhelming concern if you are in this for the long-term.

3. One way by which you can decrease you level of deprecation is through market research. What do you want to buy? Are you considering commercial, multi-family, resort, single family, or condo? Where do you want to buy? Some markets are less expensive, but they have much more volatility. You must consider the inventory for the area you are looking to purchase, as well as the price. Markets with fewer inventories may be a bit more expensive, but their recovery time will be less and appreciation could be realized sooner.

4. EB-5 investments may also be something to consider. There are regional centers, such as ours here in Sarasota, which can provide real estate investment options that will enable you to benefit from this great program, while making a modest profit.

I strongly suggest that my clients invest in declining inventory, coastal communities like Sarasota or Manatee County, Florida. The reason for this is simple – these areas are desirable vacation and relocation destinations. Sarasota was rated as the Number One place to buy real estate recently on MSNBC. Check out the video HERE. People want to live here and there is no other predominant industry in that the area is dependent on, other than tourism. This is a good thing because the tourists continue to come here in abundance. Siesta Key Beach is the Number One Beach in the continental United States, as rated by Dr. Stephen P. Leatherman (aka Dr. Beach), Chair Professor and Director at the Laboratory for Coastal Research, Florida International University.

Let’s look at some statistics for Sarasota’s residential real estate market in February 2010:

Overall property sales in the Sarasota market were up nearly 49 percent over February 2009. The median sale price for a single family home was $150,000, up 5.6 percent over last February’s figure of $142,000.

The months of inventory for single family homes was 10.6 months far lower than the 24.1 months in February 2009. For condos, the months of inventory level was 15.4 months, far lower than the 28.4 months only a year ago. Once the market reaches the 6 month level it is considered to be in equilibrium between buyers and sellers.

Statistically, this area is showing an annual improvement in both median sales prices for single family homes, and a significant drop in inventory level. All of these conditions point to a quickly rebounding market that may be a great opportunity to invest in.

In summary, there are many considerations for the prospect of investing into a foreign real estate market, such as the U.S. However, through proper due diligence, experienced guidance and counsel, and an investment team with you – you can accomplish your goals with minimal risk and high rewards.

Ricardo ‘Ric” Ruiz del Vizo heads the United Investments Division of Coffey & Company Realty in Sarasota, Florida. He can be reached directly at (+001) 941.928.0737 or rdelvizo@gmail.com.

Ricardo “Ric” Ruiz del Vizo, SFR
Real Estate investment Couselor
United Investments Division
Coffey & Company Realty
Sarasota, Florida.

http://www.OwnSarasotaRealEstate.com

AP – Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades.