Housing Market Hits Record Highs

HomeBuyersFirst Time Home Sales Surge

In May, home sales surged to a 5 ½-year high. This is good news for the market indeed, as more first-time home buyers including the millennials, finally took the plunge going from rental homes to marriage and first homes. Additionally real estate stocks hit a huge multiyear new level high leaving traders to say invest, invest, invest.

As reported by The Business Journals, The National Association of Realtors chief economist Lawrence Yun, said that the increase in new home buyers flooding the market, could signal more recovery on the horizon. He added that:

The return of first-time buyers in May is an encouraging sign and is the result of multiple factors, including strong job gains among young adults, less expensive mortgage insurance and lenders offering low down payment programs.

Existing Home Sales Also Hit New Highs

Then just after NARS reported the flood of first time home buyers into the housing market, Reuters reported that ‘sales of existing homes hit their highest level since 2009’. Yun said this was promising although the supply is still short of the demand keeping prices on the higher end.

With all this talk of recovery, if you were one of the cautious hold-outs, now may be the time to buy. If you are considering a new home purchase or perhaps considering buying your first home, think about starting the search now. You could be in a new home just in time for the leaves to change and children to return to school.  If you still aren’t sure but you are at least thinking of buying a home, take a cue from the market numbers. Look at the stock – if you have doubts. The economy is in recovery—it is. It’s not a fluke. A majority of economists agree even while cautious that it’s no longer speculation, we are in the midst of economic recovery. Investors know it, existing home owners know it as they begin to list their homes now increasingly. But where is the best place to hang your hat and call home?

Buy Well, Luxury Living in Ventura County

One of the best recovering areas, not to mention one of most luxurious places to live in the country, is Ventura County. Home sales have been steadily climbing and existing home values have continued to appreciate. In fact the Ventura County Star reported this month that the median home price and value in Ventura County:

…climbed to $500,000 last month, the highest value in eight years, according to data reported Wednesday by the real estate information service CoreLogic.

So if you are young and plan on moving onward and upward, Ventura County is not only a wonderful place to live but also a sound investment for home buyers. More than the investment though, you will be living in an area with a year round perfect climate, beaches and canyon trails nearby, lakes and country clubs only a stone’s throw from your front door, and the best schools, shopping and restaurants in Southern California. What more could you ask for? Westlake Village, Thousand Oaks and Calabasas – it’s the privilege that comes with working hard and coming home to luxury.

For more information on viewing homes in Ventura County, contact Lydia Gable today. Stay tuned for the next blog which will be posted soon. Feel free to weigh in with your comments here if you live in Westlake Village or surrounding areas and you want to share more about the best area to live work and play.

 

 

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Try and Buy – New Trend in Home Buying?

LYDIAPIC‘Fly and Buy’

The home buying process hasn’t changed in many years – find a home, make an offer, close. But according to a recent article in the Wall Street Journal, some people are doing a sort of test drive of the neighborhood before purchasing a home. Some realtors are even adding this type of incentive into their business. According to the WSJ feature, while it is still rare in most areas for buyers to request a test drive of a home or community before buying, it is becoming more prevalent in some luxury markets. And says the article:

Toll Brothers, one of the country’s largest home builders, has a Fly and Buy program for buyers who want to travel to a new town to check it out. Travel costs can then be put toward a purchase contract.

While in some areas the trend is growing, especially with motivated sellers, many real estate agents disagree with a ‘try and buy’ approach. Says Kimberly Dixon, a Houston based real estate agent, “it clouds judgment.” In an article titled Test Drive Your Home on HSH.com, Dixon weighs in on the new fad in home buying:

For the most part, the client will likely make more emotional decisions and pick apart a property’s minor attributes, while overlooking major value — such as a good price. It is my opinion that a logical and economic approach is the best way to undertake such large personal investments.

I agree with Dixon for the most part, but mainly because the area where I live and sell homes, Westlake Village, CA, is already an undisputed, highly sought-after location known for its luxury resort lifestyle, warm West Coast temperatures and top school rankings. Unless you are moving from another state, Westlake Village and its surrounding community is lucky enough to have its reputation precede most buyers’ interest. Quite frankly, I’m listing and closing, in some cases, faster than you can say, “Make an offer.”

Westlake Village – A Nice Place to Work, Live and Play…

If you’re in the Southern California area and thinking of making a home purchase in the near future, check out Westlake Village in the Conejo Valley. Spend a day hiking at Triunfo Creek Park in its 600 acres of trails, or visit Sherwood Country Club and its famed golf course at the base of the Santa Monica Mountains. Have dinner at one of the beautiful restaurants at the Promenade after a full day of shopping at the most exclusive shops in the area. If I can suggest any kind of “test drive”, I’d day, take a drive from Westlake Village to Malibu or into the city of Los Angeles, and experience for yourself, if you were to move to the area, how close you would be to everything while still enjoying a vacation resort quality of life. For that matter, I suggest you take the day and do all of these things just because – even you aren’t moving to Westlake Village – it’s the nicest place in the nation to work, live and play – if I do say so myself.

For more on home listings in Conejo Calley, contact Lydia Gable today for an appointment.

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Quality Service Certified® Platinum 2015  

Quality Service Certified® Platinum

Typically not one to toot my own horn, I do like to celebrate good news – As such I’m honored to share with you the latest which is that I have been granted the highest level of service achievement in real estate, Quality Service Certified® Platinum. The award is given in recognition to those who receive 100% client service satisfaction according to the Leading Research Corporation. So I am proud to say that 2014 for me, did indeed garner 100% client satisfaction. But I won’t take all the credit – I have the best clients in the world.

Truly, what I really like about the consumer feedback from QSC is that it’s reliable, a real gauge for me that I’m doing my best work. QSC uses a “closed” survey approach which means that consumers can be assured of the legitimacy of the reviews; they are collected from real life home buyers and sellers on their past customer experience. Larry D. Romito, President and CEO of QSC added:

Nothing is more important to a prospective client in selecting a professional than the service results achieved with past clients. Consumers have greater confidence in service reliability, results and satisfaction with a Quality Service Certified real estate professional because they know that the agent’s service record has been validated by an independent third party.  100% service satisfaction record like Lydia Gable has achieved is just awesome.

Living and Working Where I Love…The Best Reward

Larry’s comments are lovely, but my real estate clients are simply awesome. What a privilege to work with home buyers and sellers in the beautiful Conejo Valley. I’m so lucky to be able to work with terrific peers at Keller Williams in the real estate industry and to live, work, and play in the best community in America.  It doesn’t feel like work when you do what you love. Moreover, when you love where you live – helping people buy and sell homes in the very same community I call home – well it’s more like a passion than a job.

If you want to view homes in the Conejo Valley or you are ready to sell, contact Lydia Gable today for an appointment.

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