What Buyers Want in their Homes: The Most Wanted List
Posted in Real Estate News
Tagged California, Costa Mesa Real Estate, Fountain Valley, fountain valley real estate, Garden Grove Real Estate, Huntington Beach Real Estate, Micah Stovall, Orange County, Real Estate, Steve Stovall, Stovall Team, Top Realtor Team, Triplets, Westminster, Westminster Real Estate
Comments closed
Ask the Experts: The Stovall Team
Q. How does a nearby new development impact prices of existing properties in the same neighborhood?
A. Great question! Our neighborhood is experiencing this situation as building is slated for Summer/Fall 2014 on Fairwind by TRI Pointe Homes on the former site of Lamb School. Truewind by TRI Pointe Homes will be built on the former site of Wardlow School on Pioneer Street and Magnolia. Prices for the new homes are anticipated to start at $900,000 to $1 Millions. (More information about the development can be found at http://www.tripointelamb.com)
There is no hardfast rule on this but logic and our experience supports that development on nearby proper-ties make the whole neighborhood look better–even for those that re-main unchanged. If property in our neighborhood decides to remodel or add on, not only will the new homes in the area help support the additional square footage, the other homes in the area will also be worth more merely because more folks want to live in an “improved area.”
We saw this in Fountain Valley with the new Lyons Homes on Bushard and Slater, the KB homes off of Bushard and Heil, and the recently completed Solana Walk by Olson Homes on Brookhurst and the 405. In those neighborhoods several home that were super-improved for the neighborhood were able to use these new developments to either refinance or sell for more than they could have had the new homes of not been built. For owners in the Glen Mar homes, Glen Mar South homes, South Shore homes, and surrounding tracts this is a situation where in other areas the positives have outweighed the negatives.
Source: Micah Stovall, The Stovall Team
TET Festival February 7, 8, 9th 2014
The Tết Festival of Southern California is recognized as the world’s largest Tết Festival outside of Vietnam. Helping preserve Vietnamese culture, the Tết Festival boasts about the attraction of over 100,000+ audiences and hundreds of booths in a span of a three day weekend event. Visitors are immersed with a vibrant array of traditional foods, live entertainment, festive games, and customs celebrating the Vietnamese Lunar New Year.
Location
OC Fair & Event Center
88 Fair Dr.
Costa Mesa, CA 92626
Dates/Hours of Operation
Friday, February 7th: 3PM to 10PM
Saturday, February 8th: 10AM to 10PM
Sunday, February 9th: 10AM to 9PM
Admission
At The Door
General Admission: $5
Parking & Shuttling
OC Fair & Event Center Lots: $7 per car
Orange Coast College (OCC) Parking Lots: FREE (Corner Fairview Rd & Merrimac Way or Arlington Dr)
Westminster Civic Center/Freedom Park Shuttling: FREE (Available on Saturday & Sunday from 12 – closing)
Westminster Civic Center/Freedom Park
8200 Westminster Blvd
Westminster, CA 92683
More Homeowners Spruce Up Their Homes
We are all starting to re-evaluate pending home remodeling projects. There are many homes that are doing significant home improvements in our neighborhoods. The National Association of Home Builders’ Remodeling Market Index shows remodeling activity at its highest reading since the first quarter of 2004. The index was at 57 in the fourth quarter of 2013. Any reading above 50 indicates more remodelers report market activity is higher than those who report lower. The index’s future market conditions rose to 58, the highest reading since recording of that measure began in 2005.
“Steady existing home sales, historically favorable interest rates for home buyers and rising home equity have combined to release some of the pent-up demand for home remodeling from the past few years,” says NAHB Chief Economist David Crowe. “This quarter’s RMI reading shows that the slow but steady improvement in the remodeling market will continue in 2014.”
The National Association of the Remodeling Industry’s fourth quarter Remodeling Business Pulse data also showed an uptick in remodeling activity.
The Stovall Team knows your neighborhood. We have lived and worked and owned our homes in Fountain Valley and Huntington Beach for over three decades. Call us today for ideas for your floorplan. Chances are high we have seen and/or sold your model in many different configurations.
You can reach Micah Stovall at 714.343.9294 or [email protected] or Steve Stovall at 714.378.3438 or [email protected].
Source: Realtor Magazine, January 27, 2014 article and Stovall Team
Posted in Sellers
Tagged Fountain Valley, fountain valley real estate, Garden Grove, Home Value, Huntington Beach, Micah Stovall, Real Estate, realtors, Steve Stovall, Stovall Team
Comments closed
Curb Appeal is Contagious
Have you seen the recent Lowes ad where a new couple moves into town and places a potted plant in a window box? This leads to the neighbor planting a flower garden, which leads to a painted fence, shutters on a house, and so on. Near the end of the commercial, a voice over comes on and says, “Home improvement is contagious.” How true is that? Spring is just around the corner and many of us looking to spruce up our curb appeal, lawns and flower beds.
Let’s let the awesome improvements occurring in our neighborhoods become contagious. To help visualize real improvements, we are inviting you to send photos of your various improvement projects in 2014 to [email protected]
We will begin showcasing these improvements for others to catch the bug of property improvement.
Check out our amazing listing on 19th Street in Eastside Costa Mesa. Great curb appeal!
We're sorry, but we couldn't find MLS # OC14032695 in our database. This property may be a new listing or possibly taken off the market. Please check back again.