• 1,441 sq. ft., 2 bath, 2 bdrm single story - $279,000 - Priced To Sell
Property information
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One number commonly used in the mainstream media is the
median home price. In March of 2007, the
median home price in
The median home price is calculated by determining the middle
of the lowest and the highest priced home sold (more or less) during a given
month. The lower median home price
indicates that there is a loss in value or only the smaller, less expensive
houses are selling. For the
For example, the largest selling home in March of 2007 was 4,157
square feet; the largest home sold in March of 2008 was 3,850 square feet. That represents a difference of over 7.5% in
overall home size over the year period.
This indicates smaller, less expensive homes are in-fact adversely affecting
the median home price.
On the other hand, examining average three bedroom, 1600 +/-
square foot homes on an average size lot, in March of 2007 they would sell for
around $351,000; In March of 2008 similar homes would sell for around
$300,000. This calculation would
indicate a value loss of about 14.5% for an average home in
The number of homes actually selling affects both the median
home price as well as the actual value of homes. In March of 2007, the MLS reported 44 homes
sold while only 37 sold in March of 2008.
Year to year, this does not appear to be good news, but month to month
the number of homes selling in
*Statistical information obtained from ‘California Association of Realtor’s Trends in California Real Estate’ and the ‘Multi-Regional Multiple Listing Service’ as of May 3, 2008.
]]>February Real Estate Sales - Redlands, California
I would like to hear what the readers of my blog are thinking! Post your comments below.
Many times sellers ask if they should shut off the utilities (gas, electric, phone, etc) when listing a home. Others ask if they should turn everything off when they move out. Some situations require individual review, but for the most part, sellers should NOT turn off any utilities (other than the phone service) until the close of escrow or soon after. The seller has certain obligations to the buyer allowing them to do inspections, verify things are working as they were when the first viewed the home and to keep up on maintenance.
Often times, discontinuing electrical service will also disable
the sprinkler timer. During a hot
So, I think the best advice is to keep the services on until the date the buyer is to take possession of the home. This way, the seller avoids creating problems that may result in problems down the road. To determine what is best for your situation, you should consult your real estate professional.
]]>• 1,441 sq. ft., 2 bath, 2 bdrm single story - $279,000 - Priced To Sell
• 1,441 sq. ft., 2 bath, 2 bdrm single story - $289,900 - Priced To Sell
Upper Yucaipa - Enjoy the American Dream with your very own white picket fence! Very cute older home located in quiet upper Yucaipa.Relax in the privacy of this home's large corner lot, all flat, useable and landscaped. As with most older Yucaipa homes, this home has large bedrooms to accompany the large living, family and inside laundry rooms. Park your cars or toys in the side-entry two car garage or in the long driveway. Call today to see this gem in person!
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• 1,780 sq. ft., 3 bath, 3 bdrm 2
story - 
MLS® #E07110992
$410,000 - Great North Bench Price
North Bench, Yucaipa - Move in and have a party in this entertainer’s delight! The heated outdoor hot tub and covered BBQ and patio area are prefect to host your friends and family for all occasions. This three bedroom, three full bath home has enough space for today’s growing families. With a three-car garage, RV storage pad and shed there is plenty of space to store toys and extra vehicles. This home is in the wonderful North Bench area and is a great value. Excellent Yucaipa schools. Call your agent for a private tour today!
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