Seeking California Heights Historic Home For Sale

If you are thinking about selling and have a Historic California Heights Home that is not yet on the market, I have a specific, highly qualified "A" credit buyer, with a large down payment, who may be interested in purchasing your home. This is not a solicitation to list your home. This buyer is quite real, as am I. This is not the first time I have reverse prospected a Long Beach home for a buyer looking for something a little extraordinary.

The buyers are a young professional couple, both doctors, who are purchasing their first home with a large inheritance. They have a sizable down payment, FICO scores in the 800 range, are already pre-approved, are ready to purchase and pay market price. All they need is the right home.

They have been in escrow on another home in the California Heights Historic District. Inspections revealed large problems with the home, none of which was the seller willing to remedy in any way. The home was priced at market, which was too high once the actual condition of the home was revealed.

We are seeking a Historic California Heights home in good and solid condition. That doesn't mean it has to be perfect, but several serious structural issues proved to be too much to deal with. The home should be at least 2 bedrooms, 2 baths, Spanish style is preferred, but we are not limited to this style, wood floors, coved ceilings, garage, lot size is not as important as condition. Historic status is a major plus.

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Posted on 2008-05-29 @ 9.59:28 pm by Laurie.Manny

Long Beach Real Estate - A Peek Inside the Business of Selling Long Beach Real Estate

Here on our Long Beach Real Estate site I usually write purely real estate related articles targeted at educating and informing buyers and sellers of Long Beach Real Estate. Today I would like to give you a little peek into the business side of things and explain how they can affect the sale or purchase of your Long Beach homes.

In a recently published post I disclosed the 2008 closed sales in Long Beach; 674 of them, through 4/30/08. While the chart shows the sales increasing each month, the sales figures are still very low. (Includes sales of homes, condos, lofts, co-ops, Oyos, 2-4 units and 5+ units as recorded on the MLS)

• Jan 130
• Feb 153
• Mar 179
• Apr 212
• Total: 674

These are difficult times for those of us surviving in the real estate industry. Going into this down market there were about 2900 licensed Realtors on record, there are currently about 1600 licensees active in the Long Beach area. Every market will support a certain amount of agents based on the closed sales of that market. Each agent needs a certain amount of closed sales in order to survive. Lets assume that 8 to 10 closed sales for the year are required for a Realtor to even survive this market; 674 closed sales would produce 8 to 10 sales for the year, for between 200 and 250 Realtors. Those sales are currently spread across 1600 current licensees, which would equate to less than ½ of a sale for each Realtor for the first 4 months of 2008.

In the real estate industry we have an 80/20 saying. It states that 20% of the agents do 80% of the business. 20% of 1600 agents = 320 which would equate to about 2 closed sales for the majority of the 20% still doing business.

So how are 1600 Realtors surviving a market with sales that will currently only support 200 to 250?

• Some have other income, or a spouse or significant other with income.
• Some have taken on Part or Full time jobs, while trying to juggle their real estate.
• Some have anticipated this market and made plans to survive it.
• Some are making enough sales to manage.

What of the 80%? That is 1280 agents, still active, for the last 4 months. How are they surviving with little or no sales? Well, they either have spousal support a trust fund or they have accepted salaried positions. Lets take a look at that. Real estate is a more than full time job; it is a commitment which permeates every hour of every day of our lives. Real estate transactions require a lot of attention on a daily basis. Escrow, title, lenders, inspections, appraisers banks and more need to be attended to, mostly during normal business hours. Buyers need to see properties around their schedules which often means after work or weekend showings. Sellers properties often need tending, flyers run out; keys go missing from a lock box or end up in another box on the same property. A pipe may burst on a listing with an out of town owner; anything can happen. How is an agent who has accepted employment elsewhere, with a set schedule, going to be able to deal with the schedule and responsibilities of a full time Realtor? How does that affect the buyer or seller? Has the agent even disclosed to the buyer or seller that they are not fully available? Do you know if your agent is available to conduct business, full time on your behalf?

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Posted on 2008-05-11 @ 9.15:57 pm by Laurie.Manny

Bixby Knolls Homes Market Report-Long Beach Real Estate-January and February 2008

Long Beach Homes Market Report

Bixby, Bixby Knolls, California Heights, Virginia Country Club 

January - February 2008
 
 

Two Bedroom Single Family Homes For Sale

There are currently 25 two bedroom, single family homes active on the market.

• 17 - 1 bath
• 1 - 1.75 baths
• 5 - 2 baths
• 2 - 3 baths

Square Footage ranges from 888' to 2,299

Prices range from $325,000 to $795,000

Days on market range from 1 to 258

Average Days on Market is 106
 

4 are in escrow at this time

• 3 - accepting back-up offers
• 1 - pending

Average days on Market is 41

Average Pending Price $396,266
 

5 two bedroom single family homes have closed escrow - SOLD

• 2 - 1 bath
• 1 - 1.5 baths
• 2 - 2 baths

Square Footage ranges from 941' to 1,572

Prices range from $290,000 to $587,500

Days on market range from 19

Average Sold Price:  $424,900

 

 

Three Bedroom Single Family Homes For Sale

There are currently 55 three bedroom, single family homes active on the market.

• 10 - 1 bath
• 1 - 1.5 baths
• 4 - 1.75 baths
• 33 - 2 baths
• 2 - 2.5 baths
• 5 - 3 baths

Square Footage ranges from 1,000 to 3,500

Prices range from $270,000 to $1,124,900

Days on Market range from 0 to 270

Average days on Market is 86
 

9 are in escrow at this time

• 2 - accepting back-up offers
• 7 - pending

Average days n Market is 132

Average Pending Price:  $561,685

10 three bedroom single family homes have closed escrow - SOLD

• 2 - 1 bath
• 1 - 1.5 baths
• 1 - 1.75 baths
• 6 - 2 baths

Square Footage ranges from 990 to 1,979

Prices range from $405,000 to $750,000

Days on market range from 5 to 247            

Average days on market is 64

Average Sold Price:  $492,300

 

 

Four Bedroom Single Family Homes For Sale

There are currently 21 four bedroom, single family homes active on the market.

• 10 - 2 baths
• 8 - 3 baths
• 1 - 3.5 baths
• 2 - 4 baths

Square Footage ranges from 1,500 to 3,700

Prices range from $459,000 to $1,795,000

Days on Market range from 50 to 332

Average days on Market is 126
 

5 are in escrow at this time

• 3 - accepting back-up offers
• 2 - pending

Average days on Market is 112

Average Pending Price:  $849,360
 

NO 4 bedrooms have closed escrow

 

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Posted on 2008-03-07 @ 1.10:13 pm by Laurie.Manny

Bixby Knolls Condos Market Report-Long Beach Real Estate-January and February 2008

Long Beach Condos Market Report

Bixby, Bixby Knolls, California Heights, Virginia Country Club

January - February 2008

Read Also: 

Bixby Knolls Homes Market Report-Long Beach Real Estate-January and February 2008

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Posted on 2008-03-07 @ 1.09:29 pm by Laurie.Manny

Bixby Knolls Home For Sale in Virginia Country Club-270 E San Antonio Drive-Long Beach California Real Estate-90807

Bixby Knolls Home For Sale in Virginia Country Club

Long Beach Real Estate

270 East Antonio Drive

Long Beach-CA-90807

Private Estate

I have a Secret Hidden Music Room Behind Rotating Bookshelves

No picture secret room is by appointment only

Custom Hand Carved Alder Wood Mantle - Wood Burning Fireplace - Marble Hearth

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Posted on 2008-03-06 @ 6.53:38 am by Laurie.Manny