Found 53 blog entries tagged as real estate.

Welcome to Mesa Verde, a charming neighborhood that offers a unique blend of suburban tranquility and modern conveniences. Whether you're a first-time homebuyer or looking to upgrade your living situation, Mesa Verde has something for everyone. Let’s dive into what makes this community so special, from its real estate market to its local demographics. You might even crack a smile while you’re at it.

Real Estate Market Overview

Mesa Verde is a hidden gem in the real estate world. While the market here is tighter than your jeans after Thanksgiving, it’s packed with robust opportunities:

Recent Market Highlights:
  • 12-Month Snapshot: Over the past year, Mesa Verde saw 96 sales with an average sales price of $1,725,000 and an average of 19…

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Orange County, California, is known for its stunning coastline, vibrant communities, and luxurious lifestyle. But for those making $60,000 a year, the dream of owning a home in this beautiful region can seem daunting. Fear not! With strategic planning and a realistic approach, you can find affordable housing options that suit your budget. Let’s explore how.

Understanding Your Budget

When determining how much home you can afford, a pivotal guideline is the 28/36 rule. This rule suggests spending no more than 28% of your gross monthly income on housing costs and no more than 36% on total debt, including housing.

With an annual income of $60,000, your monthly gross income is $5,000. According to the 28% rule, you should aim to spend no more than…

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Summer is the perfect time to consider outdoor renovations that not only enhance your enjoyment of your property but also increase its market value. Whether you’re planning to sell in the near future or just want to invest in your home’s long-term value, here are some outdoor projects that can offer significant returns.

1. Landscaping: First Impressions Matter

A well-manicured lawn and thoughtfully designed garden can dramatically improve your home's curb appeal. Here are some landscaping ideas that can add value:

  • Flower Beds and Shrubs: Planting colorful flower beds and neatly trimmed shrubs can create an inviting first impression.
  • Tree Planting: Mature trees can provide shade, privacy, and even reduce energy bills by cooling your home…

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Owning a historic home is a dream for many, offering a unique blend of timeless charm and architectural beauty. When this historic home is in a hot climate, however, the challenges and rewards take on a distinct flavor. Let's explore what it means to preserve and modernize a historic property in warmer regions.

Challenges and Rewards of Owning a Historic Property

Challenges:
1.  Climate Control:

  • Old Insulation: Historic homes often have insufficient or outdated insulation, making it harder to maintain a cool interior.
  • Energy Efficiency: Older windows, doors, and roofing can contribute to higher energy costs as air conditioning systems work overtime.

2.  Material Degradation:

  • Heat Damage: Prolonged exposure to high…

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In recent years, the real estate landscape has dramatically shifted with the revolutionary influence of the millennial generation. Millennials are known for disrupting different sectors of the economy and the housing market is no exception. As a result, their unique behaviors and preferences are shaping up the marketplace, making it necessary for everyone in the industry to understand and evolve according to these changing trends.

Millennials, broadly defined as those born between 1981 and 1996, are now becoming a significant proportion of homebuyers, greatly affecting the housing industry and how homes are bought and sold.

Millennials and Technology

First and foremost, technology stands at the heart of the millennial home buying process.…

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The real estate market dynamics can seem enigmatic to both beginners and seasoned professionals. One question that often puzzles homebuyers and sellers is: "How do I know if I'm getting a good price?" The L3 Real Estate Team, experienced veteran's in the Costa Mesa property market, shares key insights that'll guide you through this conundrum.

  • Understanding the Local Market

Costa Mesa, over the last 12 months, has witnessed 599 transactions. With competitive average sales prices around $1,449,603, Costa Mesa's real estate is on fire. Houses spend an average of 36 days on the market, reflecting a more than desirable demand in this vicinity.

However, these numbers might not tell the entire story. It's important to delve deeper and explore…

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Would you like to experience a staycation every day? Then Huntington Beach - Pacific Sands is the place for you!

A Real Estate Market That Shines Bright

  • The past year saw 22 new keys change hands. That's a whole lot of new sun-kissed faces around the neighborhood.
  • The average price these properties were snatched up for? $1,279,955. It's a golden investment in a golden locale.
  • Each of these homes spent an average of 22 days on the market. That's lesser than the number of suntan lotions lining our local supermarket!

The Community: Life's a Beach, Then You Surf!

A day in Pacific Sands is like a beach vacation you don't want to end.

  1. Environment: Picture pristine beaches at your doorstep and constant whispers of the Pacific…

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For past generations, the magic summoned up by the phrase “Million-Dollar!” would be hard to exaggerate—so the idea of Costa Mesa million-dollar homes would have represented gawk-worthy artifacts of success. Even though today, “million-dollar” this and that are attached to everyday news items, last week’s announcement from Redfin’s Economic Research unit may have come as something of a surprise. The news was short and sweet:

“Nearly one in 10 U.S. homes are worth $1,000,000 or more.”

The rising proportion of million-dollar properties may be due in part to a weakening U.S. dollar, but by no means is that the whole (or most interesting) story. Some details:

  • 55 of the 99 most populous metros have seen a rise in million-dollar and…

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Last Thursday, under the headline “The Housing Recession is Over…,” Costa Mesa real estate observers found a MarketWatch report laden with positive indicators. All of them were, however, less than earth-shaking in scale. The optimism-tinged phrases like ‘ticked up,’ ‘inched up,’ and ‘small positive increase’ were balanced by negative results that were equally minuscule—‘falling only slightly,’ was one of those.

Even so, it was hard not to applaud the overall message—a fairly convincing gathering of June month-end numbers that look as if real estate industry momentum is stirring. The springtime doldrums seem to be over—but only ‘just.'

Here are MW’s particulars:

  • Pending home sales advanced a bit on a month-to-month basis—the first…

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Costa Mesa homeowners have ample reason to expect to attract bids that reflect the recent run-up in U.S. real estate prices, but that alone shouldn’t lull them into complacency as they prepare their property for entry into the Costa Mesa listings. That’s a real estate truism—even in a well-defined seller’s market. For area homeowners who see tens of thousands (or hundreds of thousands!) of dollars more in market value indicated by recent comparable sales, it’s tempting to then assume that little preparation will be needed to achieve similar results. Not true.

The value of thorough preparation to show off any property continues to make a substantial difference at the signing table. Since the word “thorough” may be too vague to be of much value, here…

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