Thursday, September 30, 2010

Most Expensive Zip Code 2010

America's Most Expensive ZIP Codes 2010

In these neighborhoods $4 million homes are the norm.

By Francesca Levy, Forbes.com
Sep 27, 2010

Los Angeles has always been home to some of the world's most expensive real estate. But forget Beverly Hills, 90210: The new hot spot for multimillion-dollar mansions is Duarte, 91008.

Bradbury, Calif.
Bradbury, Calif. (91008)

Duarte, Calif., home to the 91008 ZIP code, is a small suburb northeast of downtown LA, near the Los Angeles national forest. The median cost of a house in this tony town is a whopping $4,276,462, making it the most expensive housing market in the country. It ranks No. 1 on Forbes' annual ranking of America's Most Expensive ZIP Codes.

A scant 1,391 people live in 91008 ZIP code, and only 12 homes are currently on the market. So a single high-priced listing (like the mammoth nine-bedroom, built this year, that's selling for $19.8 million) is enough to skew the median price skyward.




In Pictures: America's Most Expensive ZIP CodesAmerica's Most Expensive Zip Codes

Thursday, September 23, 2010

American Nightmare: Top 10 Cities for Foreclosures

Top 10 Cities for Foreclosures - ABC News

No One Is Sure Whether The Worst Is Over, But These Cities Are Under Siege

If you drive 32 miles east of Reno, you ll find Fernley, Nevada. The city that limits its dog count to three per address and speaks out about the affects of graffiti on its Website has troublesome news to digest. It has the nation s highest foreclosure rate through August.

It's been an awful time for the real estate market, which was only made worse by recent news. August was the toughest month for homeowners as lenders swooped in and seized more than 95,000 homes across the United States, according to Realty Trac.

ABCNEWS/YAHOO POLL: POLITICS AND THE AMERICAN DREAM

Is the worst over yet? The foreclosure rate is up 25 percent since August 2009, and the dream of homeownership has turned sour for many who owe more on their homes than they are worth or can't pay their mortgage

"I don't think we've seen the worst of it yet," says Lisa Johnson-Sevajian, vice president at Coldwell Banker Andover, about what she calls the "American drama." But, "there is a lot of opportunity for first-time homebuyers to get in and create an investment for themselves," she added.

Efforts by the government to stem the tide of foreclosures have had mixed success. The Obama administration's main anti-foreclosure program touched a 10-month low in August with 33,000 homeowners receiving assistance. The president said in 2009 that as many as 4 million homeowners would be helped, and about 449,000 have thus far received assistance to avoid foreclosure.


» Full Story on abcnews.go.com

Tuesday, September 7, 2010

Current Real Estate On The Market By The Maier Team.

FOR SALE:



Back on the market - De Luz estate Home.

FOR LEASE:

Estate home in De Luz with views. Enjoy outdoor patios and decking over
looking the pool and spa.




NEWEST LISTING
INVESTOR SPECIAL
Temecula West Hills/De Luz
10 acres, and two 5 acres land lot and avocado groves







0 Loretta AV , Menifee 92584
Status:



$490,000-500000






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0 Grand , Wildomar 92562
Status:A :
List Price:$300,000 - $350,000






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OWNER WILL TRADE WITH A HOME OR A TOWN HOME - CONDO
ON THE BEACH. (In Los Angeles area)

0 VIA TORNADO , TEMECULA 92590

Avocado grove / Home Site
$899,000-11.3 acres

Avocado grove / Home Site ML#: T701793 $655,000-9.56

acres.



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