Felton, CA Real Estate News

By Patti Lyles, DIVORCE, SHORT SALE, FORECLOSURE SPECIALIST
(Century 21 Showcase, REALTORS®)
Felton California median home price is $399,000  Felton is worth the time of any homebuyers consideration. Living or buying Felton Home means scenic redwoods where you can spend your days off, hiking, biking and equestrian trails, picnic areas, campgrounds and 80 miles of trails. Henry Cowell Redwoods State Park featured in this video contains a centuries-old Redwood Grove and a self-guided nature path which adorn this quaint community. Felton is also home of the famous Felton Covered Bridge and the Roaring Camp Railroad. It's many diverse neighborhoods including Zayante, Fall Creek, Mount Hermon, El Soylo Heights, Forest Lakes, and Empire Grade. Residents enjoy the best of both worlds in this old-fashioned town with its untouched natural surroundings and charming downtown area and shop...
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
According to Foreclosure Radar, Santa Cruz County has shown overall improvement.   Notices of Default (NODs) have fallen 21.9% since November 2009, while Notices of Sales fell 16.8% since last year. In Felton, NODs fell an amazing 70%; while Boulder Creek NODs rose 29%. For more information, click here: www.foreclosureradar.com/california/santa-cruz-county-foreclosures  
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
Ok, now this recognition was fun to get!    My blog was chosen as among the top dozen real estate blogs in the bay area! http://www.homeinsurance.org/top-real-estate/bay-area/
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
  This is such a great time to be a buyer....it's like the world is your oyster!   Don't make the mistake of waiting,  trying to time the market perfectly - even the experts on Wall Street agree that's nearly impossible.    Just look in your heart and decide if you really want to own a home of your own.   Focus your analysis on comparing todays low mortgage costs, including the tax advantages, to your monthly rent.   I can help you with these calculations.   If the numbers make sense, and you qualify for a loan and feel good about your job/income, then let's go shopping for the home of your dreams.   Chances are, we've already passed the "bottom of the market" here in California. There is a wider variety of homes on the market now, including a mix of REOs, short sales, and conventional ...
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
  Jobs update: Last month, jobs in the private sector rose by 150,000, the largest gain since May, while the jobless claims for August and September were revised downward to 110,000 jobs lost.   Analysts say this is another positive sign for our economy, which is growing at about a 2% rate.   This year, the economy has created 860,000 jobs.       Some of our agents have reported an increase in relocation inquiries from people who have new jobs in the Silicon Valley, seeking to buy homes in the Santa Cruz area. But with nearly 15 million unemployed, we would need to put 125,000 people back to work each month to begin to lower the unemployment rate, which has been 9.6% since summer.       There is a lot of argument about how to get people back to work in mass numbers.    In contrast, ever...
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
  This weekend I had the pleasure of showing my clients a property that I hoped was exactly what they wanted.  It was pouring rain, and they needed to get to their next engagement, but the property spoke to both of them. None of us minded getting drenched or being late!   They decided to write an offer, so we spent all day wrestling with contractual terminology and technology: e-mails, scans, electronic signatures, faxes, texts.    My buyer was exhausted - this is not easy stuff for most people!        I just got off the phone with my buyer - she had to steady herself to keep from falling over.    I got to tell my clients that all their efforts, and their willingness to do whatever it took to write a great offer, helped them win over the other offers.    This is the moment I live for!  ...
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By Patti Lyles, DIVORCE, SHORT SALE, FORECLOSURE SPECIALIST
(Century 21 Showcase, REALTORS®)
Why . . . Because this is what I saw on my early morning walk in Felton California. This place is enchanting is one of those unique towns tucked away in the hills of California's Redwoods that is home to tales of honor, faith, and scandal. Having many known and not-so-known sites, this little town is part of a historical backbone to the development and success of the great state of California. In downtown Felton, one may visit her beloved historical landmark, an old church which is now a community library. Just east, one can see the famous covered bridge in Felton's Covered Bridge Park. South on California State Highway 9 is the entrance to Henry Cowell State Park where the famous Giant Redwoods tower over visitors as they have for hundreds of years. Just north, one will find Fall Creek...
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
The depths of underwater home values  combined with the rising tide of foreclosures caught most lenders unprepared.    In the latest scandal, congress and the US Justice Department is calling for at least three major lenders (including JP Morgan,  Bank of America and Ally Financial/GMAC), to prove they had the proper documentation to proceed with the foreclosures they processed in over 20 states. Allegations are that, faced with  mountains of paperwork, lenders may have  handled some of the foreclosures improperly.     Title may have been transfered without proper documentation and in quantities too large to have been individually verified. The implications of these investigations are uncertain, but we anticipate there will  be a slowing in the number of foreclosures finalized.       I...
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
Because parts of the American Recovery and Reinvestment Act were set to expire, the conforming loan limit was about to reset back to $417,000.   This would have crushed many borrowers in Santa Cruz County as well as many other high cost areas.    Recognizing this, President Obama just signed HR3081, extending the current loan limit of $729,750 through September 30, 2011. Interest rates tend to be the most advantageous for borrowers using  conforming loans; jumbo loans tend to have higher interest rates.     Government sponsored  organizations that insure and provide liquidity in the market use the conforming loan limits  (Fannie Mae, FHA, and Freddie Mac).   Today, there were lenders making 30 year loans at 4.25%.   For more information - click below:    http://www.inman.com/news/2010/...
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By M.C. Dwyer, MC Dwyer-Santa Cruz Mountains Property Specialist
(Melody Russell Team at eXp Realty of California, Inc.)
  Today, the National Bureau of Economic Research announced they’ve pinpointed the technical end of this recession as June 2009.     However, most of us feel that this recovery is delicate…and the numbers back our perception.    Late 2009, the country’s economy grew about 5%, but the first few quarters of this year we’ve been slowing from the 3% range to the 1.5% range.  bloomberg.com/u-s-recession-ended-in-june-2009   Home prices in California continue to improve: money.cnn.com/california_home_price_rebound.    This alone may help our market, as fewer homes are underwater.     Interestingly, the modest recovery in home prices is allowing some homeowners  to refinance and lock in amazingly low interest rates – I just heard of one client getting a loan at 4.125%!    Santa Cruz County med...
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By Chris Alston, Silicon Valley, California
(Chris Alston (Keller Williams Realty, Silicon Valley, California))
Every memorial day, Roaring Camp Railroad hosts a Civil War Reenactment.  So I thought I would share some of the awesome pictures from the event this year. As you can see, we sit across from a huge feild and watch as the Union Soldiers try to overtake the Confederate strong holds... See the steam engine rolling past in the background? A picture of the confederate soldiers. These cannons were LOUD! I brought my 3 year old to see this, and its hard to explain to him who the good guys were...  Since we all were americans.  Have a great day!      
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By Jessica Wallace, Santa Cruz Realtor (831) 419-9345
(Coldwell Banker - Santa Cruz)
HOME PRICES IN FELTON, CA - REAL ESTATE MARKET REPORT Felton, CA is an area in Santa Cruz County in the mountains off Highway 9.  Felton has a small downtown area that has a great grocery store, New Leaf Market, a fun music & dining venue Don Quixote's and several shops and eateries.  The Felton area has great mountain biking, hiking and fishing destinations and you are not far from the beaches of Santa Cruz.  Start here to Search for your Felton Home. Home Prices in Felton, CA are lower on average than in Santa Cruz and the areas near the beach making it a great alternative place to buy a home for those wanting to be in Santa Cruz County and close to the beach but can't quite afford the higher home prices there.  The median home price in Felton & Lompico Zayante areas in 2009 was $325,...
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By Patti Lyles, DIVORCE, SHORT SALE, FORECLOSURE SPECIALIST
(Century 21 Showcase, REALTORS®)
Patti @ FELTONREALTOR.COM Wouldn't you love to live in a that still has Ice Cream Socials? I encourage you to consider buying a Felton Property as a primary residence or a vacation getaway.  It has the best affordability in the Santa Cruz County.  10 minutes to the beach too.  PRINT THIS OUT AND SUPPORT OUR HEARTFELT COMMUNITYFelton Library Friends Ice Cream Social Saturday, September 15 2007, 1:00pm - 4:00pm Felton Library Friends invites community members to an Ice CreamSocial on Saturday, September 15, 1-4 p.m. The event will be held atthe site of the future Felton Library next to the Post Office onGushee Street. Admission is free. Marianne's ice cream cones andsundaes will be served, as well as drinks from The White Raven, andhot dogs.Entertainment will include activities for childr...
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By Patti Lyles, DIVORCE, SHORT SALE, FORECLOSURE SPECIALIST
(Century 21 Showcase, REALTORS®)
A friend of mine Dr. (Privacy) an Felton Homes owner has owned the 10 thousand square foot strip center in Portland for 20 years. His father helped him buy it and over the years deeded his interest to my good friend. Like me he is over 50 now & his kids are all grown and done with college. He sees himself working until he is 65. Now at 60 years of age the doctor needs to make a decision: to sell or not to sell?                         Brought to you by Patti @ http://www.feltonrealtor.com/His phone was ringing off the hook. Portland Real Estate brokers were calling him every day quoting sales prices that were off the charts, close to $240 a foot or $2,400,000 dollars. He and his father (who had recently died) had bought the property for $400,000, and he was struggling with his decision....
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By Patti Lyles, DIVORCE, SHORT SALE, FORECLOSURE SPECIALIST
(Century 21 Showcase, REALTORS®)
Patti @ www.FeltonRealtor.comThe following chart shows median and average price trends plus plus unit sales for single-family homes in San Lorenzo Valley. The chart uses a 12-month moving average to eliminate any seasonal variation.The next chart is the same as above but uses a 3-month moving average. This smoothes out month-to-month variations yet shows seasonal variations.This chart shows the current inventory of homes for sale compared to the number that have sold.For detailed information on San Lorenzo Valley real estate, give me a call or send me an e-mail. If you prefer, you can fill out one of my forms. There's one for buyers and one for sellers.
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