News/Blog

Advertise Your Commercial Real Estate in Los Angeles at One Source Real Estate

Posted by on Jan 8, 2019 in News/Blog | 0 comments

If you are thinking of listing your residential or commercial property then One Source Real Estate is the right platform for you. Online advertisements are now the best way to market your property. We have grown with internet and utilize every new technology to benefit our clients.

Everything is connected nowadays. You will see people using social media platform and other means to advertise their requirements, hence, getting in touch with One Source Real Estate will be beneficial for you. All of us are dependent on the internet now and now is the time to take the advantage.

Saying that we are One Source Real Estate your service provider. We understand our clients needs and likewise assist them in their commercial or residential needs when it comes to real estate.

We provide 110% assurance that all your information will remain safe with us and we will be there for you from the time you list your property to the time someone buys it and thereafter. We are not restricted to specific areas and we can cater to all your needs. We have created a platform for you which will open the door not just to one particular area but also to the entire nation. Buyers can be from anywhere and that’s why we believe in keeping our doors wide open.

Here are some of the reasons why you should choose One Source Real Estate.

We are the source of fastest growing inquiry

As we have discussed earlier that more and more people now prefer the web to inquire for properties. This gives them the freedom of being location independent. So many people travel to new places looking for a new place to make a livelihood. Some shift because they have to. We will advertise your property on hundreds of websites to gain the most attention. Your property needs every bit of attention and we cater to that.

We will communicate with you

Unlike other real estate agents, we don’t keep you waiting for updates. Real Estate agents have a lot of clients and they fail to deliver the right amount of response at the right time. We know how important your property is for you and no matter why you are selling your property, it becomes important for us to keep you in the loop and tell you about the progress.

Often people complain about this and that’s why Real Estate Agents are attracting criticisms. Before you list your property on our site, you may also come across a lot of questions. And we are right there for you to answer each and every question. We are never busy for any of our clients and we will stay in touch with you. Poor communication is not only bad for you but for us too. Hence, we believe in staying in touch and we will remain so until you get the right price for the property.

We ensure that the buyer is qualified

Whenever you list your property on our website, we make sure that the buyer is capable enough to buy your property. We are transparent and reliable. We know that many will come forward showing interest in your property, but not everyone can buy it. We cross check all the documents and ensure that the buyer qualifies for it.

You will be better informed

It is important for you to be informed at each and every step. We don’t take over price properties in an effort to obtain listings knowing that there will be eventual price reductions. Through our years of experience, we evaluate properties by reviewing all the comparables and knowing the market inside/out.

We will make your property advertisement reach each and every corner of the nation

One Source Real Estate is not just any property listing company. Our reputation is everything, as most of our clients come from referrals. Once we start working together we will target the right audience so that your property will receive an adequate amount of attention. We are here to help you with your property selling journey.

More and more people are making use of our platform. Don’t hesitate to call with questions. Call One Source Real Estate today and we will be happy to help. The Internet is the best way to advertise your property. The web is important both for the sellers and buyers and we will be with you in every step.

Benefits of Investing In Commercial Real Estate

Posted by on Nov 28, 2018 in News/Blog | 0 comments

We are living in a world filled with concrete elements. The modern civil engineering has advanced so much that, nowadays people are even calling the new world order a concrete jungle. Jungle may it be but the architecture of this civilization has catapulted the whole society into the skies of futuristic opportunities. The main drive behind this development goes to the enhancing scientific evolution and the growing populace of the world. Most of these developmental activities belong to the public works and the rest is dedicated to the socio-economic need of the community. Industrial and residential sectors build up the majority of the real estate business. The basic distribution is between domestic and commercial purposes. Commercial real estate is the lion share of this because the number of industrial operations and corporate office buildings is much more than organized domesticated residential complexes. Among these domestic complexes also, many have commercial background. Hence to get a nice deal on the commercial real estate you must definitely contact one of the foremost realty experts in the domain, the One Source Real Estate.

The search for a nice and compatible real estate is a very difficult process. This is more so, in case of an enterprise or for a small businessman. This is because the nature or investment is quite huge and a small misstep can lead to a life of downfall and misery. So to avoid this, opting for the assistance of an expert firm is the most intelligent choice. One Source Real Estate is the best realtor on a global market. The firm offers an array of varied commercial properties for the clients in order to leave them with option to choose the best kind in their budget range. One Source Real Estate knows that not every commercial plot is suitable for every kind of entrepreneurial endeavours. We excel in linking the right plot with the most deserving customers. We do not sell cement turnkey plot to an IT business firm or a corporate building to a catering service provider. Matching the right business with the right commercial realty is our main motto. Retailing workshop, corporate building, commercial residential complex, factory outlet etc. you name it and One Source Rea Estate will give you the best plot. In studio City region we have a very vibrant sprawl and we do know every nifty feature of this realty market. So if you want to setup a lavish franchise for your firm or just rent a good floor for your office works in Studio City, contact the One Source Real Estate through offline and online modes.

The Studio City Commercial Real Estate is synonymous with the name of One Source Real Estate. Apart from commercial brokerage we also assist the people with investment consultancies. We know that Studio City is a very flourishing city and we know that many want to invest in it commercially, but not everyone is well aware of the technicalities and pricing of this domain. The nationwide spread of our exchanges has made us eligible to become the realty solutionist for all and sundry. But the question that arises in the mind is why do you need a realty solutionist for? The answer is quite simple to maximize your goal getting objectives. Most of the enterprises either look for profitable ROI or return on investment or to better the lifestyle. With the help of One Source Real Estate brokerage model you will achieve both of these goals and more. We not only serve you with the best realty option but also make the transaction process smoother by taking into consideration the legality of the plot, the tax filings, the condition of the plot and its troubleshooting. For the best Studio City Commercial Real Estate buying, renting or investing One Source Real Estate is your one stop destination.

Commercial Real Estate

As we were discussing, the commercial properties are the goldmines of opportunity in the current global scenario. People are on a gold rush for investing on the commercial properties. So if you are planning on putting your money on a commercial plot in Studio City then you must at least be aware of the advantages it will present to you. The bellow pointers are all about the return you will get by investing on the Studio City Commercial Real Estate ventures of One Source Real Estate.

  • The return on the rental of the commercial properties in much higher and timely than domestic properties. In case of domestic proprieties due to humanitarian ground procuring of rental dues, takes up quite an extra time. But in case of commercial investment the returns will be neutral and proper.
  • Paying rent for a commercial property is more taxing than buying one. This is of course applicable only if the venture you are carrying on is for a longer term. So if you buy a nice commercial plot against a good to let then you are making a good profit. This is admissible through SMSF or Self-Managed Superannuation Fund.
  • It is quite noticeable that if you rent a commercial plot on lease the tax levied on it is 30% whereas if SMSF is opted for then the tax is lowered down to just 15%, which is of course a great news in turnover generation part.
  • The limit on the rental pricing is up to your liking if you choose the SMSF plan because the market decides the price not the lender.
  • The depreciation value of the commercial properties are much more generous than that of domestic ones and the tax relaxation is thus more on the former.
  • This generous depreciation value is actually the tax free portion of your financial asset.
  • Commercial real estates can be used as better leveraging asset in case of due resolution.
  • These properties are often the best option in leasing out and acquiring financial support from that.
  • Finally, the value of the commercial plot is much more than a domestic plot because the turnkey feature can be used for a new endeavor.

So, the One Source Real Estate is the best bet for your dream Studio City Commercial Real Estate at viable rates.

Southern California home prices climb 5.8% from a year earlier but slip from June’s record high

Posted by on Sep 6, 2018 in News/Blog | 0 comments

The Southern California median home price slipped in July from June’s record high, but it was still up 5.8% from July 2017, according to data released Thursday by real estate firm CoreLogic.

The report showed that last month’s median price — the point at which half the homes sold for more and half for less — clocked in at $530,000 in the six-county region. That’s down $7,000 from June’s all-time high. Some agents say the market is slowing as families increasingly find it difficult to afford a home.

Sales were essentially flat, rising only 0.3% from July 2017.

Any slowdown would be welcome news for would-be buyers, who are dealing with not only high home prices but also rising interest rates. On Thursday, Freddie Mac said the average rate this week on a 30-year fixed mortgage was 4.52%, up from 3.82% a year earlier.

CoreLogic said that once the rise in mortgage rates is factored in, the monthly payment on a median priced house was up 13% over the year.

Agents say some buyers are getting burned out after dealing with a market that’s been on an upswing for more than six years.

Epstein said more homes are coming up for sale in the southeastern area of the San Fernando Valley he specializes in. As a result, buyers are being more selective, causing some properties with “unrealistic” asking prices to sit.

“I have seen a more patient-level buyer instead of that feeding-frenzy buyer,” Epstein said.

It’s not uncommon for the median price to fluctuate month to month, and prices are still up solidly from a year earlier.

Part of that is because housing construction hasn’t kept up with demand during the economic recovery, something that’s been blamed on opposition to new development from existing residents. Builders also have fewer financing options than they did during the bubble.

Some agents said they noticed a jump in listings in their markets. But data from Zillow show that, compared with last year, listings were up only 1.4% across Southern California in May and June, which is when many of the July deals would have opened escrow.

So, for now, demand continues to outstrip supply.

In Los Angeles County, the median price climbed 5.7% from a year earlier, to $607,500; in Orange County, 6.6% to $735,750; in Riverside County, 5.8% to $386,000; in San Bernardino County, 6.6% to $325,000; in San Diego County, 8% to $579,750; and in Ventura County, 6.3% to $595,000.

Sales in those counties ranged from a 3.5% drop in San Diego County to a 4.8% increase in Ventura County.

Unless there is a recession, economists generally expect prices to continue rising. Gains may slow as more people become priced out. The economy is too healthy and the shortage of homes for sale is too severe to expect a drop, they say.

courtesy of www.latimes.com

Our process in Leasing, Marketing Vacancies in Studio City and Sherman Oaks

Posted by on Aug 6, 2018 in News/Blog | 0 comments

Managing houses and homes in Studio City & Sherman Oaks has been a core portion of our business for over 11 years.
The steps we take are as follows:

1. Make sure the property is in rent ready condition. Potential renterss can focus on the tiniest flaws, and dirt so making sure the property is painted and clean is crucial.
2. Taking photographs. For the interiors of the property we only use a wide angle lens to bring out the true feel for what the rooms look like. For larger High end properties we hire professional photographers to assist and retouch photos.
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3. Then advertising our properties to every channel possible is crucial. We market on over a dozen websites. If a tenant is looking to lease, they will definetly find our ad.
4. Knowing how to properly screen tenants is probably the most important step in leasing rental properties. Running credit checks to reveal FICO score, runny Telecheck, verifying bank statements, employment and previous rental history. Once a tenant is screened thoroughly, we will approach our client (Landlord) with all the information, and they will decide to accept or decline the application.
5. Once a renter is approved we will proceed in collection of security deposit money, 1st months rent. Paperwork such as the lease is drafted along with all the associated addendums related to the property/area. It’s very important that the Lease has the language necessary to protect the Landlord and the management company from issues that can potentially arise when have a rental property.
For more information or questions about our process contact us by calling (818)501-5518,

300 Unit + Sherman Oaks Apartment Project Proposed

Posted by on Jun 11, 2017 in News/Blog | 0 comments

A developer has plans to build a new 300-plus unit apartment complex with commercial space on Ventura Boulevard in Sherman Oaks,14832ventura

The project would involve constructing 312 new apartments at 14801 to 14827 Ventura Blvd. between Kester and Willis avenues in two, five-story buildings that will also feature retail, restaurants and underground parking.

CBRE is marketing between 15,000 and 22,000 square feet of retail space for lease out of a total of about 37,000 square feet planned for retail and restaurant tenants. The ground-floor tenants would be below apartments and above underground parking, according to the firm’s brochure on the project.

The site is located at the northwest corner of Ventura Boulevard and Willis Avenue and is about three-quarters of a mile from the Sherman Oaks Galleria.

Currently, the Sherman Oaks Chamber of Commerce leases space in the larger of two older office buildings that now occupy the parcels, according to real estate database CoStar Group Inc. A two-story medical office building of more than 12,000 square feet is fully leased and was built in 1959. It sits on 1.73 acres and has 55 parking spaces. The second building, just under 10,000 square feet, was built in 1961 and sites on less than an acre with 45 parking spaces.

Both buildings are owned by H&M Konjoyan of Sherman Oaks, which did not return calls for comment before deadline.

 

Courtesy of San Fernando Valley Business Journal

 

For a consultation regarding development opportunities in Sherman Oaks or the surrounding areas contact One Source Real Estate at 818-501-5518

 

Interest Rates Are Rising. Here’s How to Take Advantage

Posted by on Feb 13, 2017 in News/Blog | 0 comments

Q: With interest rates starting to rise, what’s the best way to invest for income?

A: Rates are indeed starting to climb, now that the economy is accelerating and inflation is ticking up. Since last summer, the yield on 10-year Treasury securities jumped by more than a full percentage point, from 1.37% in July to more than 2.4% today.

For fixed income investors, rising interest rates pose a big challenge, since older, lower-yielding bonds held in a fund are likely to fall in price when market rates rise. That explains why, over the past three months, the average long-term government bond fund has lost nearly 8% of its value, according to Morningstar.

But “there is a benefit to rising rates,” says Matt Toms, chief investment officer for fixed income at Voya Investment Management. “If you’re patient and are reinvesting the income, over time you are going to be better off with the higher income payout.”

Plus, there are small steps you can take with new money to position your bond portfolio for the new rising-rate environment.

Shorten up. Focus on funds that invest in short-term debt—bonds maturing in two to three years or less. For starters, short-term bonds tend to lose less than longer-dated securities when rates rise. Moreover, “we can look at corporate balance sheets and have confidence of their cash flow over one, two, or three years,” says Warren Pierson, senior portfolio manager with Baird. “That’s harder to do when you are investing in bonds with 10-, 15-, and 20-year maturities,” he says.

If you’re looking for a solid short-term bond, consider Vanguard Short-Term Investment Grade (VFSTX), a low-cost option that’s in our MONEY 50 recommended list of mutual and exchange-traded funds.

Go with the float. Floating-rate bank loans are another form of short-term debt — with a couple of big differences. When rates lift, yields on many of these securities float with the market. As a result, as rates have risen over the past three months, the average bank loan fund has gained more than 2% in total returns.

Floating-rate securities are also generally issued by companies with less-than-pristine balance sheets. So only own these funds in moderation. And use them as an alternative to high-yield “junk” bond funds.

Be careful with income stocks. For years, investors frustrated by historically low rates have turned to dividend-paying stocks to boost their income. But investors need to be really careful with income-producing stocks, as they are sensitive to interest rate changes. That’s because when market yields rise, bond investors who turned to dividend paying equities are likely to pivot back to the fixed-income market. “You want to stay away from interest-rate-sensitive stocks,” says Burt White, chief investment officer at LPL Financial.

And finally, don’t go overboard. While short-term bond funds make a lot of sense, don’t upend your entire strategy. In fact, there’s a strong argument for sticking with your so-called core bond funds even if they include longer-dated debt. “A core bond fund can still play a very constructive role in a diversified portfolio,” says Toms. “Those bonds do a good job of offsetting equity volatility.”

Courtesy of time.com

Real estate pros see recession by 2017, survey shows

Posted by on Jun 16, 2016 in News/Blog | 0 comments

The real estate sector is getting a little more pessimistic about the economy and a majority of professionals in the industry now see a recession ahead in the next 18 months.Help Key

A survey of 400 people in the real estate business by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) showed a drop in positive sentiment to 69% from 84% six months ago. Current levels are at the lowest in two years.

“There’s a lot of weird stuff going on in the world—China, interest rates, volatility in the equity market—all of which is creating anxiety,” said Mitch Roschelle, a partner at PwC.

And while a majority of those surveyed remain positive for now, more than half expect a recession by the end of 2017, notes Roschelle, who adds that two out of the last four recessions have been in part due to a slowdown in the real estate market.

However, he sees a silver lining to real estate pros losing their optimism.

“They’re saying, ‘Listen, maybe we need to back out. Maybe we need to not reinflate a bubble and cause another recession,’” said Roschelle. “If we don’t reinflate a bubble with housing prices and we don’t reinflate a bubble with commercial real estate prices, we may not have that bubble bursting causing another recession. So if there is a recession, real estate folks are saying, ‘It’s not going to be because of us this time.’”

Global uncertainty may also lead to some overseas investors turning to U.S. real estate. “The more volatility that goes on in foreign markets and the more uncertainty there is about geopolitical risks in foreign markets, they tend to rotate toward U.S. dollar-denominated investments and income producing asset classes like real estate,” Roschelle said.

“What’s interesting is foreign sentiment for U.S. real estate has improved while domestic sentiment has weakened.”

courtesy of Yahoo.com

Max Azria’s house in Bel Air (Holmby Hills) for sale

Posted by on Mar 26, 2016 in News/Blog | 0 comments

If at first you don’t succeed, try, try again but also ask for $3 million more. That’s the plan for the lavish Holmby Hills home of designer Max Azria, who founded the BCBG Max Azria Group, reports the Wall Street Journal. Azria listed his estate about a year ago for $85 million, but withdrew it from the market after eight months. Now he’s putting it back on the market, but this time, listed with a different brokerage for $88 million.

Why tack $3 million onto the already high price of a mansion that couldn’t sell? One of the new listing agents at Hilton & Hyland tells the WSJ that the price hike is totally understandable, considering that prices of all luxury homes in LA are on the rise.

Azria’s roughly 30,000-square-foot mansion was originally designed by architect-to-the-stars Paul R. Williams in the 1930s, and has been updated by Azria and his wife since their purchase of the place in 2005. It’s reported that the couple spent $30 million on renovations and upgrades to the house, undoubtedly on things like the “floor-to-ceiling waterfall chandelier … made from over 150,000 crystals” in the grand entryway that greets guests upon arrival.

The house has 17 bedrooms; a home theater; a swimming pool with a bar; a “Moroccan-themed” pool house; multiple gardens; a home office with a domed, gold-leafed ceiling; a greenhouse; another greenhouse that’s been converted to a gym; and a tennis court. In all, the estate is almost three acres. That new pricetag again was $88 million.

3 Practical Points for Efficient Property Management

Posted by on Nov 11, 2015 in News/Blog | 0 comments

Time is precious like gold, as most would say, but not really exactly true; for a wise man once said that an inch of gold one’s lost may be replaced, but an inch of time once lost is irreplaceable.  That is why one should always be mindful of his time, be it in any aspects of life, much more on business.

If you are into property management, for most times you would find it difficult to handle things and balance your time. That is why it would be necessary for you to achieve property management skills, which in turn would save your time. Now here below are some tips, as discussed that may help you in saving your time and allowing you to create better impression to your associates and clients.

 

Specific Time Periods for Specific Activities

It does not mean that if you have received any request or queries, you’ll immediately jump right into it. Everyone would really like to make their concern urgent, even though at times it is not urgent nature. That is why it would be better to make a time table for every particular activity. Based on your previous experiences, there would be some request from clients that are proven urgent, and others are seemingly urgent. From such knowledge, try to make a schedule on when and how you would resolve a particular concern. By doing such thing, you would be focusing you thoughts and energy on a particular task at a specific time.  Try to divide your time wisely and you’ll see the difference. This process would also avoid any half-baked results due to time constraint or lack of focus.

 

Prioritization Matrix

There are times that when we are not organized, the mind would trick us into thinking that a simple task is of great importance, wherein fact it is not that significant. In order to avoid falling into similar mental slip, you should organize and label your task. You may categorize your task into four categories namely, “Important/Urgent, Important/Non-urgent, Unimportant/Urgent, and Unimportant/Non-urgent.” Having this type of groupings, you can easily spot what is urgent and important from what is not.

 

Time Wasting

Perhaps one of the most significant areas of concern for proper time management is our tendency to waste time. We may call it a simple rest but at most times we are actually guilty of wasting time. Thirty-minutes of wasted time may be insignificant in number; but if such act is constantly repeated, then the compiled amount of wasted time would be surprisingly high. In effect you efficiency in handling the business would diminish, and in the end may result to serious consequences.

 

Time is indeed important, though considered as man’s construct; it is undeniable that it plays a vital role in our construction of our own success.

California home sales cool in August as price gains temper,

Posted by on Sep 15, 2015 in News/Blog | 0 comments

California home sales cool in August as price gains temper….

– Existing, single-family home sales totaled 431,800 in August on a seasonally adjusted annualized rate, down 3.8 percent from July but up 9.3 percent from August 2014.

– Statewide sales were above the 400,000 mark for the fifth straight month.

– August statewide median home price was $493,420, up 1 percent from July and 2.5 percent from August 2014.

– Sales of condos and townhomes were up nearly 10 percent from last year, and are ahead 6.6 percent year to date.

Following a hotter than usual summer of homes sales, California’s housing market cooled in August, but still posted higher year over year for the seventh straight month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Home sales remained above the 400,000 mark in August for the fifth consecutive month and rose to the highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 431,800 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2015 if sales maintained the August pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

The August figure was down 3.8 percent from the revised 448,900 level in July but up 9.3 percent compared with home sales in August 2014 of a revised 395,080. The year-to-year change was higher than the 6-month average increase of 8.6 percent observed from February 2015 to July 2015.

“Home prices are finally increasing at a healthier pace, and the smallest year-over-year statewide median price gain in nearly three and a half years suggests that home prices are stabilizing,” said C.A.R. President Chris Kutzkey. “Supply constraints in the Bay Area will continue to fuel appreciation for the rest of the year, but the upward pressure in price will be counterbalanced by sales increases in more affordable areas such as the Central Valley and the Inland Empire.”

The median price of an existing, single-family detached California home edged up 1 percent in August to $493,420 from a revised $488,470 in July.  August’s median price was 2.5 percent higher than the revised $481,240 recorded in August 2014. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

“While California housing indicators remain strong for now, the anticipation of higher mortgage rates and reduced affordability, coupled with global instability and stock market volatility may create an environment of uncertainty that could impact the current momentum in the market,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “We’re on track to post stronger than expected home sales for 2015, with the last quarter moderating but still solid. Strong sales in the Central Valley and Inland Empire markets should help to propel statewide sales higher, thanks to better affordability and greater housing supply, while sales soften in the Bay Area.”

Other key points from C.A.R.’s August 2015 resale housing report include:

• While sales continued to improve from last year at the state level, the number of active listings continued to drop from the previous year. Active listings for California decreased 1.4 percent from July and dropped 6.2 percent from August 2014.

• The August Unsold Inventory Index ticked up to 3.6 months from July’s 3.3 months but was down from 4 months in August 2014. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A six- to seven-month supply is considered typical in a normal market.

• The median number of days it took to sell a single-family home edged up in August to 29.9 days compared with a revised 29.3 days in July but was down from a revised 33.9 days in August 2014.

• According to C.A.R.’s newest housing market indicator which measures the sales-to-list price ratio*, properties are again generally selling below the list price, except in the San Francisco Bay Area, where a lack of homes for sale is pushing sales prices higher than original asking prices.  The statewide measure suggests that homes are selling at a median of 98.8 percent of the list price, up slightly from 98.3 percent at the same time last year. The Bay Area is the only region where homes are selling above original list prices due to constrained supply with a ratio of 103.4 percent, up from 104 percent in July and 101.5 percent a year ago.

• The average price per square foot** for an existing single-family home was $238 in August 2015, down from $241 in July and unchanged from $238 in August 2014.  Price per square foot at the state level has been on an upward trend since early 2012, and has been rising on a year-over-year basis for 43 consecutive months.  In recent months, however, the growth rate in price per square foot has slowed down to an average of 2.2 percent in the last three months, as home prices started leveling off.  In the month of August, there was virtually no growth on a year-over-year basis.

• San Francisco had the highest price per square foot in August with $770/sq. ft., followed by San Mateo ($764/sq. ft), and Santa Clara ($592/sq. ft.).  The three counties with the lowest price per square foot in August were Siskiyou ($112/sq. ft.), Merced ($115/sq. ft.), and Kings ($116/sq. ft.).

• Mortgage rates dipped in August, with the 30-year, fixed-mortgage interest rate averaging 3.91 percent, down from 4.05 percent in July and 4.12 percent in August 2014, according to Freddie Mac.  Adjustable-mortgage interest rates, however, ticked up in August, averaging 2.60 percent, up from 2.52 in July and 2.37 percent in August 2014.

Graphics (click links to open):

• August sales at-a-glance infographic.
• Change in sales by price range.
• Share of sales by price range.
• Sales to active listings ratio.
• Sales to list ratio.
• Price per square foot.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.  County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions.  The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage.  A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property.  It is calculated as the sale price of the home divided by the number of finished square feet.  C.A.R. currently tracks price-per-square foot statistics for 38 counties.

 

Courtesy of car.org