Buying a Home: A Social Activity?

Choosing A Neighborhood

Have you considered that buying a home may add or detract from your level of social interaction? While certainly not a first consideration for most, your social life as it relates to where you buy your next home, should indeed be a thought in choosing a neighborhood. After all, one’s state of happiness in a community is never just about the physical property. If you could just gauge by a home’s value or the amount of bedrooms and bathrooms it has, buying a new home would be simple. Certainly if you plan on raising children in the area—thinking long term as opposed to a quick flip—then you should really take a personal inventory and decide what kind of life you prefer to have outside of the home. Ultimately, is this new home and its surrounding community, a match for your needs? An article on Realtor.com says, people can get swept up in the perks of the home like a sweeping staircase or a breathtaking view, and forget about lifestyle, social life and the commute.

Is your potential new home well suited to getting where you need to go? … Do the rush-hour drive to check whether traffic flows smoothly. Daily two-hour traffic snarls can ruin your mood and your schedule … Both your home’s location and its setup will affect how you spend your time off. Do you enjoy the nightlife? Will you need to scale back your social life?

A Community that Feels Like Home

Most folks mistakenly think you have to compromise—if you want a good school for example, your social life will probably get pushed aside—but this just isn’t true in all cases. For instance in my stomping ground, Westlake Village, CA, a home owner here, is not only surrounded by one of the best school districts in the country, but s/he also has great access to top restaurants, outdoor activities like hiking, water sports on the lake, golf, shopping, and even an amazing theatre/concert venue. All this can be had when buying a home in the upscale community of Westlake Village. And to top it off, it’s only a short commute to Los Angeles and Malibu! So you can have the best of both worlds If you are thinking of buying here. Investopedia gives a nice, concise check list on things to consider when you buy your next new home. Here are a few of their best tips:

  • Who Lives Next Door?
    If you are an atheist, it’s probably best not move into the Bible belt. This is an extreme example but it actually makes a good point. If you are someone who keeps to yourself, ask yourself, ‘is this the kind of community where everyone is involved in everyone else’s business’ – Ask around.
  • Like Day and Night
    Make a visit at night to see if the area comes alive or totally changes. Do you feel safe? Are people out or do they retire early?
  • At Your Leisure
    What do you enjoy doing in your free time? Is this a community that will support that? And will others in the community be like-minded? If you like Bingo and you choose a community the demographic is 18-50 and everyone is out rock climbing – well you know the rest…

Home buying can be exciting, exhilarating and often times, stressful. Choose a realtor who you can trust to tell you the truth and one who will always honor your needs! In that way, you will make the best decision for your money and your life style!

Lydia Gable is a top ranked real estate agent in Westlake Village with over a decade of proven experience. She is also lives and works in the area – a definite bonus to which her satisfied clientswill attest. For more information on homes in Westlake Village or if you are ready to buy a new home today in and around the Conejo Valley, contact Lydia Gable today for an appointment.

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Home Sales: Summer Isn’t Over Yet

It’s not too late to take advantage of the summer home-selling spree which typically amps up from May to August. Assuming you make the right choice by selecting an experienced real estate agent, you could be in a new home by summer’s end. Knowing how to out-list the competition and get your asking price is the first step. But there are many lesser known tips that can move the process long more expeditiously. A recent article in The Huffington Post, titled 6 Seller Secrets for This Summer’s Real Estate Market breaks down the summer home sale in a really accessible way. According to the article—next to choosing your real estate agent—the most important thing is to know your market and know your numbers. Said the feature:

Sixty percent of all homes in 2014 will be bought and sold from May to August.

The article goes on to say that you have the best chance if you put your home on the market at the beginning of the season. However while that is mostly true, you do stand a better chance, I don’t think that it’s so crucial in certain regions like Southern California where the rules can be broken slightly. So sellers, if you want to take advantage of summer home sale season, there’s still time…

Incidentally, I use all of these tips in my work with clients. So I thought I would share. Here are a few of their secrets to the “summer sell”.

  • The Price is Right … Or Is It?

Price it right, price it right! I can’t stress enough the importance of knowing how to price your home. For this you must be willing to have a good, honest conversation with a realtor who knows first-hand what works in the listing area! I live and work in Westlake Village, so when I price a home, I know exactly what I’m talking about. The key thing to remember, says the article:

Look back no more than 60 days. The sale price of homes that sold recently paints a much better picture of what to expect than the price of homes that sold six months ago.

  • Social Media Sells – Make It POP!

Make sure your listing pops on a computer AND on a smartphone. So many more buyers are looking up listings on their iPhone or iPad before they come out to buy. You can’t afford to skip this step. Ask your real estate agent if you can see other similar listings on your phone. Thu Huff Postpiece adds:

Great homes with mediocre quality photos will be quickly discarded and ultimately get less showings.

  • Manage Your Expectations

Don’t expect a bidding war on your home, says the author, Michael Corbett – they are not as common any more. But it is reasonable to expect your home to sell to one fantastic buyer for your desired asking price. While I still have bidding wars on “for sale” homes, he’s right it’s not the market of old. So really the ultimate goal is to SELL and sell well.

Lastly I would add, choose a realtor who knows the market and has weathered the rises and falls. And choose a realtor who really knows the area in which you are selling your home. There is no substitute for an experienced agent who walks the walk and talks the talk! You can’t teach experience…

Lydia Gable is an experienced real estate agent in Westlake Village with over a decade of experience. If you’re ready to sell your home, the real estate agent you choose could be a deciding factor in how quickly your property moves. In today’s world, the housing market is volatile and challenging. Choose an agent who will be with you every step of the way from listing to closing. Lydia Gable works strategically to position your home for sale right down to negotiating so you receive top dollar. Contact Lydia Gable today for a consultation.

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A Snapshot of the Best Places to Live SoCal

Agoura Hills

Agoura Hills is a beautiful and affluent community about one half hour outside of Los Angeles which makes for an easy commute. This Los Angeles County city is home to a state-of-the-art civic center and offers a variety of cultural and outdoor activities for the whole family including horse riding and trails – some of the best. One of the faves is Malibu Riders in Agoura Hills. Take advantage of the 2 hour Malibu Creek ride! Agoura Hills is a very family-friendly community not to mention it boasts 200+ sunny days each year, so of course outdoor activities abound! Some other fun choices offered here include, pee-wee yoga, hiking, fencing, and even senior socials. So if you have an elderly loved one living with you, this is a community where they have options to get out and enjoy. The weather is great and there are fun activities to enjoy. Additionally Agoura Hills is consistently ranked one of the safest cities in the country. Most recently ranked 14 out of the 50 Safest Cities, according to Safewise, “the FBI’s Crime Report states that authorities were made aware of just three robberies in 2011.”

Calabasas

Situated in the hills west of the San Fernando Valley, Calabasas is not only beautiful with a temperate climate, but it’s also a leader in the green movement. Made famous by its one-time residents, the Kardashians and Justin Bieber, it’s so much more than a celebrity haven. Families enjoy its quaint community feel while still being a stone’s throw from the Malibu beach or a short ride to Los Angeles. Another city that consistently makes the “safe” list and ranked 13 out the 50 Safest Cities, Calabasas, according to the latest FBI Crime Report as reported by Safewise, only had three robberies reported to authorities in 2011. Also, for those who care about environmental issues, you will undoubtedly be impressed with all of the green initiatives offered by the city. Lastly, as a resident, you will have the privilege of enjoying sunset concerts at Calabasas Lake, tennis and swimming at the Calabasas Tennis and Swim Center, or day trips to the many parks in the community.

Westlake Village

A little lakeside community surrounded by a golf course and situated between Thousand Oaks and Agoura Hills, Westlake is the perfect affluent, Southern California community in which to settle down. Upscale dining and shopping at The Promenade or boating and fishing at Westlake Lake – take your pick! It’s all here. But whether you choose this area for investment or to purchase your dream home, residents have access to North Ranch Country Club and the award winning Westlake Golf Course not to mention it’s only a short 30 minutes to the city of Los Angeles and a short drive to Malibu. Additionally, the public schools are ranked some of the top in the country. According to GreatSchools.com, Westlake Village on average spends $12000 + per student. Several Westlake Village public elementary and high schools ranked 9 out of 10 on their list with 10 being best.

Lydia Gable sells and lists homes in Agoura Hilla, Westlake Village and Calabasas. Even better she lives, works and plays in the Westlake Village. If you need a realtor with years of proven experience and a real appreciation for the community in which you’ll purchase or sell your home, contact Lydia Gable today.

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Crowdfunding in Real Estate: A New Era of Investing

The Emergence of Crowdfunding in Real Estate

The emergence of crowdfunding as an investment tool for serious real estate players is changing the housing market as we know it. As the market recovers, more investors are coming back but one probably could not have imagined crowdfunding as the next new trend. Crowdfunding has showed up with quite a presence and backing and its making quite the first impression! If you thought crowdfunding was only reserved for the creative inventor or out-of-money filmmaker, you’re a step behind. Quite frankly, admittedly I had not even heard of this very new trend until recently. If it catches on, it could be a game-changer for those investors currently controlling the investment markets in certain areas. It’ll be interesting to see how “at your fingertips” a trade is, but the social media possibilities are exciting for sure.

Not Your Grandmother’s Real Estate Pool

At the moment, most of the crowdfunding sites are reserved for high-stakes players only, but that’s not likely to last according to market experts. While it’s certainly a new arena—one that is evolving quite rapidly—some platforms are beginning to open up the playing field to small-money investors. Because of this, the ramifications in terms of who can invest and international investing possibilities could be enormous. A recent article in The Wall Street Journal profiled one successful entrepreneur—a real estate pioneer when it comes to crowdfunding— who is taking it to the next level. The article titled, Real-Estate Sector Moves Crowdfunding Beyond the Trinkets states that ‘sites have raised more than $135 million in debt and equity’. For the founders of RealtyMogul andEarlyShares, only accredited investors are accepted at this juncture but as the WSJ article points out, they are raising SERIOUS capital.

As with any trend, once it catches on, it’s everyone’s to claim and crowdfunding in real estate is no different. A recent article on Forbes highlights not only the serious money at play, but also the way this crowd funding platform is opening up real estate investing to the masses – globally. “Fundriselast week announced that they raised $31 million from Renren, a Chinese technology firm, Ackman-Ziff (Real Estate Group) and Silverstein Properties (owners of the World Trade Center Twin Towers)”.

The reporter also points out that the field is widening to include all investors. In the article titled,Real Estate Crowdfunding: Post-Valuations Of $100M for Series A?David Drake writes:

The Washington-based company, Fundrise, allows investors, for as little as $100 to as much as $10,000,000, to participate in deals. Until the emergence of crowdfunding, real estate projects, even the smaller ones, have been reserved for high net worth investors and private equity companies.

The Real Estate Fervor: Signs of Recovery?

Whether you are a big-time real estate investor, a market watcher, or a some-time dabbler in housing flips, the fact that new and innovative ways to invest in the housing market and thereby the economy have emerged, is a positive sign of market recovery – not to mention fun market-watching. However if your only goal is to own one property that you call your dream home for the next twenty years, there’s also a special place for you. And with signs of real recovery on the horizon, this is a great time to make the move. Every home purchase is an investment, but more importantly it’s an investment in your future! If you are interested in buying or selling a home in and around Thousand Oaks, Westlake Village or Calabasas, contact Lydia Gable today at Westlake Village Real Estate.

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Choosing the Best Realtor

What differentiates an “OK” realtor from one who is worthy of your highest referral? Well, there are questions to ask and a guide to determine the best from the rest. A great realtor has an important set of skills and traits which when combined make all the difference. A great realtor has not only the ability to navigate the marketplace—even in a down market — but the intuitive ability to tailor-fit the experience for each client’s specific needs. First and foremost, besides the obvious credentials, a realtor must be a good listener. If not, the partnership with the client is ultimately doomed. Below are several questions to ask as a well as guideline of must-haves so you choose the right realtor for you.

  1. A REAL-ly Great Communicator
    A realtor must be a great communicator – a people person. Communication skills and an affable personality will go a long way. More importantly in terms of communication, your realtor should have the knack for really listening. A great realtor will meet with you, know the right questions to ask and then really listen! This skill allows the client/broker relationship to flourish. The realtor will drive the entire process from soup to nuts which can include finding the right home to buy, staging a home for sale, or matching the right buyer to the home. There’s a lot to do well, from the start to close and the results can all teeter on one thing: did the realtor listen well?
  2. A Side Gig or Career: Who Is Your Realtor?
    Find a realtor who has lived, bought and sold in your community for enough time that you can assess his or her track record. If this simply happens to be a side gig for someone, your results are going to reflect that minimal effort. You should seek out a realtor who has lengthy experience and who lives and works in the community. Says an article on MSN, 7 ways to avoid a crummy real-estate agent, this step is incumbent on the potential buyer/seller to determine at the first consultation. Pat Vredevoogd Combs of Coldwell Banker AJS-Schmidt in Grand Rapids, Mich. tells MSN:

You really need to ask them where they work most of the time: Where do you live? Where do you work? What area of town are most of your transactions in? Consumers should look for agents with extensive experience in the area where their transaction is taking place.

  1. A GREAT Realtor Knows the Market
    A great realtor knows how to navigate the market – any market. How do you find this? Simple: choose experience every time. Author and CNN financial editor and author of Home Rich, Gerri Willis sat down with Robyn Moreno of Howdini.com. She says choose a realtor with at least 8 years of experience to offer. In this way you are guaranteed that they have learned to navigate in a down market. Who would you rather represent you, one that just became a realtor during a housing market boom or one who has weathered all kinds of markets and is still successful? Willis tells Moreno in the informative video interview:

I think right now you should be looking for someone who has been in the marketplace for at least 8 years. That means they have experience in a down market so they know what to expect right now.

  1. Web Savvy
    Last but not least, don’t forget the importance of technology. A top real estate agent must be on the cutting edge of web marketing technology. Newspaper ads are good but they won’t do the entire job in today’s technology-driven market. A realtor who’s not technologically-savvy, simply can’t compete today. Ask about this. S/he should be very good with photo listings – presenting the “best” online photos is crucial for a sale. S/he must be good “on the go” which requires web-savvy skills, answering emails, using the Ipad for meetings on the fly, Skyping if necessary – whatever it takes!

There are a lot of good real estate agents out there and a few really great ones. It’s all about asking the right questions to find the perfect one for you! Whether you are selling or buying, educate yourself, ask for references and ultimately, make the right decision for your needs.

Lydia Gable was ranked 2nd in Keller Williams in 2013 as a Top Performing Individual Agent, with high customer satisfaction. She lives, works and plays in the Conejo Valley. If you want to keep up with what’s happening in real estate and around Conejo, contact Lydia Gable today!

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How Much ‘Home’ Will $1 Million Buy in Southern California?

‘The Bedroom Could Fit Inside a Walk-In Closet’

How much home will a million dollars buy in Southern California? In certain coastal areas of Southern California, prepare to appreciate the beach location over the size of the home. Unlike other parts of the country, $1 million in Malibu for instance, won’t buy you a mansion – a quaint cottage home maybe. And in Orange County for example, the home of the famed Real Housewives of OC, whose lifestyle we’ve all become privy to, $1 million doesn’t stretch as far as you might think.

A recent article in the Orange County Register, highlights just how little home $1 million will buy in the OC. Paul Crane, consultant to a group of investors who bought a 1930s era home in Newport Beach says when he stood in the bedroom doorway of a home for lease one block from Newport Beach’s Balboa Peninsula – an exclusive part of Orange County—it was abundantly clear that the buyer was paying for the location not necessarily the home. The price tag: $1 million. His conclusion:

The bedroom could easily fit inside a typical walk-in closet in this city. The residence itself is only 534 square feet. What we would consider a bedroom is maybe not what they considered a bedroom when (the home) was built.

And, points out the author, Marilyn Kalfus:

Twenty six miles inland, $1 million could fetch a ‘highly upgraded,’ 2,800-square-foot, five-bedroom home on half an acre in Fullerton… with a swimming pool and spa – plus a private tennis court.

The Median Home Value in Westlake Village: $847,400′

If you prefer instead that the price match the luxury surroundings and home size, don’t be disheartened quite yet. Travel a bit north of the OC and there are still very exclusive areas in Southern California where $1 million can buy you a beautiful home – quite possibly a beautiful home in a gated community surrounded by lake views, mountain ranges and just minutes from the Pacific Ocean.

Wikipedia describes it well saying, Westlake Village “borders the Malibu hills, and is nine miles inland from the Pacific Ocean.” What else could you want? But that’s only he cherry on the proverbial cake. For $1 million or less, you will live in a gated community among professionals and celebrities alike, just a short ride to Los Angeles and in one of the best school districts in Southern California. In Westlake Village, you can buy a home for less than $1 million and currently the home prices are on the rise. It’s a good time to dip your toe in the market. If you buy now, the valuation—if the market continues to rebound as it’s predicted—should appreciate in a few years if you plan to invest and sell. Of course there are many homes—as is true of any luxury community—in the area that list above $1 million, however there are just as many properties where $1 million will be buy you a luxury home and I promise, your bedroom will be bigger than a closet! Zillow writes, regarding home prices in Westlake Village:

The median home value in Westlake Village is $847,400. Westlake Village home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.8% within the next year. The median price of homes currently listed in Westlake Village is $835,000 while the median price of homes that sold is $894,750.

You Can’t Put a Price Tag on Quality of Life

If you’re curiosity is piqued about what a $1 million looks like in the Westlake Village area, come take a tour of the community. A drive through the neighborhood, the surrounding exquisite scenic views, and the prime location, will leave you wanting more. Take it from me – I not only sell homes in Westlake Village, but I live in the area. My point of view after living in the Conejo Valley for many years: you can’t put a price tag on quality of life!

If you are a potential home buyer, our team will find the right fit for your lifestyle and needs. Lydia Gable specializes in the finest real estate and luxury properties. She is a permanent resident of Conejo Valley who lives and plays where she works. Contact Lydia Gable today for an appointment.

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Turnkey Homes: ‘Turning’ Up the Dial on Conejo Valley Home Sales

“Turnkey” home listings have experienced a recent jump in popularity specifically on the West Coast. The term “turnkey” refers to those properties which require no renovations or repairs. The house is ready to move in – everything inside it is part of the asking price. West Coast realtors, including yours truly, have found when it comes to home sales, these types of homes are ‘turning’ home listings into fast closings. As a realtor, I thought you’d find it interesting to hear my unique perspective on turnkey homes. While in years past, the trend leaned more toward building a home to exact specifications, now as the market finds a new resurgence, turnkey homes are indeed ‘in’ again.

What Realtors Say About Buying Turnkey

Although turnkey listings tend to be a bit more expensive than traditional home listings, buyers like this option because once you close on the home your expenses are essentially complete. A recent article on MSNBC says that there has been an increase in popularity—mainly on the West Coast and in vacation communities—for turnkey properties. In the article titled, Where to Find Turnkey Homes, Susie Nancarrow, broker and owner of Nancarrow Realty Group in San Diego County is quick to point out though that turnkey “isn’t necessarily synonymous with move-in ready.” She says:

… a 1970s-style house in great condition isn’t turnkey because it’s dated. I usually use ‘turnkey’ when the house is up-to-date with today’s buyers’ expectations.

At the end of the day, the process is much simpler. There’s no need to imagine where the children’s room will go, how you will renovate. View real estate listings, choose the home you fall in love with, make an offer, close and the best part awaits. Put the key in the lock, turn it and voila, you are home.

The Benefits of Buying Turnkey Real Estate

The real reason a buyer wants turnkey-ready is two-fold. The buyer may be a very busy executive with very little time to remodel. With interest rates at an all-time low– the prices while a little higher than traditional home sales are still very low. The buyer is then more willing to pay a premium for this type of home.

Home buyers understand that to remodel a home they will need a minimum of 20 percent down to purchase it in addition to the money it will cost to then do the remodel. So the idea of only paying for the home with no additional costs can be attractive. If a kitchen needs a remodel for example, this could cost the home owner another $50,000 to $75,000.00. To redo windows for example, it could cost $20,000. To upgrade to central heating/air, it could be another $15,000.00. If a buyer only remodels the bathroom, it could cost upwards of $10,000 and $25,000.00 just to remodel the master bedroom. These are estimates of course, depending on the size of the home, but one can clearly see the benefit and savings based on these examples, in choosing a turnkey home.

Is there a down-side to buying a turnkey home? Not really – if there is, maybe one could say “it doesn’t have my personality stamp”. But the truth is, if you fell in love with the home in the first place, it does – it must speak to some aspect of your personality and personal taste! And there is no saying down the line, you can’t make changes or add special touches. But truly, if you’re buying a vacation or a holiday home or even buying your first home, this is a good move. I think especially if you must move in a hurry for a job change, a turnkey home can be the perfect alternative to a traditional option. So there you have it –just one realtors perspective. Good luck on your home search whether it’s for a turnkey home in Westlake Village, a mansion in Calabasas or a condo in Thousand Oaks, your home is wherever your heart is!

For more on “turnkey homes” or to view property listings in the Conejo Valley, contact Lydia Gable today.

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New Parents: Buying a Family Home?

Buying a Home for a New Family

Starting a new family and buying a new home can be daunting tasks on their own respectively. But doing both at the same time, for some can be an overwhelming process. Where do you start? What do you look for when purchasing a new home that must not only meet your needs, but now must meet the needs of your new family? Should you plan to stay for a few years? And even if you plan on selling in a year – if you cannot sell for some reason—will this home work for your new family long term?

Here are some important steps to take when taking your first steps into your new family home.

A Professional and Personal Inspection

The U.S. HUD portal suggests in their article 100 Questions & Answers About Buying A New Home that it’s important to be present at a both the professional inspection so that you may ask questions, but also to you do a very thorough personal walk-through—and most especially if you have a new family—consider the present and future. HUD calls this the ‘HUD Home Scorecard’.

  • Is there enough room for both the present and the future?
  • Are there enough bedrooms and bathrooms?
  • Is the house structurally sound?
  • Do the mechanical systems and appliances work?
  • Is the yard big enough?

Finding a Safe Neighborhood

Do due diligence when researching the safety of the neighborhood if you intend to raise a family there. The house might be beautiful or the street might be picturesque, straight from a postcard, but are surrounding neighborhoods safe? Do a walk-through of the neighborhood both during the day and night. Also ask people and do research. There are reputable resources that rank safety yearly – see my article from 2013 Thousand Oaks Ranked 4th in Safety. As a resident of the Conejo Valley and a realtor in Westlake Village and its surrounding communities, I said in the feature:

If you are considering buying a home in the city of Thousand Oaks, you should know that you will not only be living in one the safest areas of the country, but unlike some other communities which border somewhat sketchy neighborhoods, Thousand Oaks has as its neighboring cities, some California’s most affluent and often gated communities like Westlake Village, Calabasas and Agoura Hills.

Good School Districts

When buying a home, look at the school district both in around your area. If you end up buying a house, you may not stay in the actual neighborhood for years but it’s likely that you will stay in the area. Keeping that in mind, inspect the entire district. If you are just starting your family, prepare for a long term stay in the community even if you plan on selling in a year or two. For a good example of a great school district, see my article from earlier this year 2014-15 School Tours in the Conejo Valley. Conejo Valley has one of the best school districts in the country.

If you are new to the area, planning on a buying a home in and around the Conejo Valley, or you want your children to attend school at any of these top ranked educational locales…

A Local Realtor Who Lives and Thrives in the Community

I am not only a Westlake Village realtor, but I live and thrive in this community – I care! So when you ask a question about the schools or homes in the area, I can answer you from my real life experience. Ask your realtor if they live in the community, do they have a family there, kids in school?

If you are looking for a beautiful home in a good community in a safe neighborhood with good schools and great activity for the entire family, Conejo Valley is a great choice. For more information on any topic covered in this article or looking at homes for your new family, contact Lydia Gable today.

Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint:

  • Safety
  • School
  • Fun
  • Proximity to Thriving City for Work
  • A Trusted Real Estate Agent Who Knows the Area
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First-Quarter SoCal Real Estate Market Update

While I am immersed in the busiest spring season for this realtor’s real estate career in years, I thought it pertinent to share with you a 1st quarter housing market update for Southern California. It’s good news indeed for you vigilant housing market watchers especially in the Ventura County area. Real estate numbers are on the up-tick and apparently not just for yours truly! Profit margins, new development, buying and selling— a majority of analysts report—is all on the incline. And although many naysayers feared another “housing bubble” debacle, the numbers remain consistently positive as does the future forecast.

Following are just a few analysts’ findings as they pertain to, specifically Southern California and Ventura County housing market numbers for this, the first quarter of 2014.

Positive Real Estate Market Numbers in SoCal

According to The Press Enterprise, KB Home, an LA based home builder discussed first quarter market results for 2014. KB Home President and CEO Jeffrey Mezger said in a conference call with analysts, “There is a strong indication that new home development in California will rise – and coastal communities will dominate the sales scene.” KB’s profits are at $10.6 million profit for the period ending Feb. 28. And he stressed that this is a profit margin milestone that hasn’t been achieved in the first quarter since back in 2007. Metzger went on to say:

Total revenues grew 11 percent to $405.2 million from the company’s delivery of 1,442 homes compared to 1,485 in the first quarter of 2013… California has some of the most dramatic examples of reposition strategy. We expect positive cross-over to positive unit sales in California at some point in the same year.

Thousand Oaks, Westlake Village Home Sales – HOT!

A February 2014 article in Ventura County Star said while some of Ventura County and parts of Southern California are experiencing a slump, the numbers emerging from the end of 2013 and now in this first quarter, indicate that luxury property sales are doing remarkably well. The Starsays some the best reports are coming from my “neck-of-the-woods” and I can vouch for that. The report says:

Homes selling in 2013 for at least $1 million in the county leapt nearly 43 percent to 780 sales up from 547 in 2012, according to San Diego-based DataQuick. Hot areas were the Thousand Oaks-Westlake Village area.

Additionally, at least according to the forecast for Ventura County as projected by Zillow, these numbers over the next year are likely to continue a steady incline. Says the Zillow forecast of current home values, expected home prices, and the Ventura County housing market overview, it’s all moving upwards:

Ventura County home values have gone up 15.3% over the past year and Zillow predicts they will rise 4.9% within the next year.

Ventura County Market Overview
(Data through Feb 28, 2014)

  • $474,700 ZHVI
  • 4.9% 1-yr forecast (Feb 28, 2015)
  • $559,000 Median listing price
  • $454,000 Median sale price

Where Luxury Steps Up to Greet You

Where luxury steps up to greet you – this is the focus for Westlake Village Realty. Beautiful homes are listed for sale now in the exquisite communities of Westlake Village, Lake Sherwood, and Thousand Oaks and Agoura Hills. If you are a potential home buyer or seller, I can help you find the perfect fit for your luxury lifestyle. For questions on any topic covered on this article or to set up a consultation to view or sell fine homes in the Conejo Valley, contact Lydia Gable today.

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