The California existing home sales rebounded in December after new loan disclosure rules delayed closings in November. Home sales increased 9.6% from November and 10.7% from December 2014.
The median price climbed from $477,000 in November to $489,000, a 2.51% increase. California home prices increased 7.94% from the previous December.
The California Association of Realtors closely monitors and analyzes trends in the residential real estate industry. The table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.
California median home price increased 8.0% in December 2015 to $489,310 compared to the previous year, the number of sales increased 10.7%, and the amount of unsold inventory decreased 14.1%. Market times dropped 10.4%. The news was upbeat for the California real estate market!
If you are new to the area you may not be familiar with the Laguna Art Museum. The Museum focuses on the cultural heritage of California and the accomplishments of Laguna Beach. Or to put it another way, Laguna Art Museum is devoted to California art. The Museum's collection consists of more than 3,500 works from the early nineteenth century to the present day. Significant examples from all periods of California art are represented.
One of the Laguan Art Museum's premier events is California Cool: Art Auction 2016. Here you can expand your art collection while supporting the Museum’s education and exhibition programs at this glamorous event.
The Auction features works by over 100 important California artists, the museum-curated Art Auction 2016…
News Release from the National Association of Realtors:
Following the housing market's best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of Realtors® Chief Economist Lawrence Yunin a newly-released video on his 2016 housing market expectations.
In the NAR-published video, Yun discusses his expectations for the U.S. economy and housing market in 2016 and points to pent-up demand, sustained job growth and improving inventory conditions as his reasons for an expected gain (from 2015) in new and existing-home sales.
Despite his forecasted increase in sales, Yun cites rising…
The Camino Real Playhouse is proud to announce the ShowOff! International Playwriting Festival running January 15 through January 24, 2016.
ShowOff has quickly become one of San Juan Capistrano's favorite festivals with outstanding drama, comedy and intrigue! The Festival consists of seven 10-minute plays, all of which are world premieres! The audience votes for their favorite plays and after the ballots are tabulated, top three winners get cash prizes after the last performance. With nearly 300 entries each year from all over the world ... a team of readers selects reads and grades each play. The identity of the playwrights are anonymous until the top 10 plays are selected. You only see the top seven. You vote for the winning plays. 7 different…
The Laguna Beach Jass Wednesdays kicks off this winter's series on January 20, 2016. Concerts will be each Wednesday from January 20 through April 13 from 6:00-8:00pm.
The January 20th concert features the great Latin Jazz Syndicate, featuring Bijon Watson on trumpet. The line-up for coming week's is:
February 3rd: Guitarist Peter Sprague Quartet, “Local Legends” concert, featuring Ron Kobayashi Trio
February 17: vocalist Daryl Walker
March 2: Braziliian guitarist & vocalist Teka
March 16: critically acclaimed vocalist Sarah Gazarek with pianist Josh Nelson
March 30: Ricky Woodard on saxophone and Bijon Watson on trumpet plus special guests
April 13: Hammond B-3 sensation Akiko, Jeff Hamilton on drums and Graham Dechteron guitar.
Tickets in advance…
