September 2008


According to www.dqnews.com, August sales in California were down almost 4% from July but up more than 13% from one year ago.  Here are some statistics for our local area.

In Seal Beach the median sales price was $690K, down 29.9% from one year ago. The average per square foot was $381, unusually low but improved from $316 reported last month.

For comparison purposes, in the Belmont Shore (we used zip code 90803) the median sales price was $885K, down over 15% from one year ago. The average per square foot was $585.

To see a list of available homes in Seal Beach, Sunset Beach, Belmont Shore, and the general area be sure to visit my website at www.pathaleonline.com.

Advertisements

Seal Beach will host a flu clinic for seniors at 10 a.m. Oct. 7 and 11 a.m. Oct. 14 at the Senior Center, 707 Electric Ave. There are some requirements to participate so check out the link below to learn more.

http://michaelcaruso.wordpress.com/2008/09/18/talk-of-the-town-south-orange-county/

Band at Finbars

Band at Finbars

Just wanted to say what a great time I had at Finbars Saturday night.  I went there for Happy Hours from 4 – 7 P.M. with one of my friends and was surprised with all the selection of food they had and for only $5.00.  They even have live music with John and John on Friday and Saturday nights.  We haad such a great time we stayed until the music was over around 10:00 P.M.

The 30 year fixed rate mortgages fell to 5.93%.

Shoreline Village will be the place for the Long Beach marathon, half-marathon, 5K, and kids race (the website says 1 MILE but it may be a 1K like other similar races).  The course itself will make this a desirable race – undoubtedly the most beautiful big city marathon.

Mark October 12, 2008 at 6 am on your calendar.  Check out their website at www.runlongbeach.com and what else the marathon has to offer.

This race is a part of the California Dreamin’ series.  If you run all three marathons in HB, LB, and SF you get a medal in the shape of California and a California Dreamin’ Finisher’s Jacket.

We read statistics recently that give us hope for a real estate market recovery.

For one thing, 2nd quarter gross domestic product (or GDP) was up by 3.3 percent – above the forecasted 1.9 percent.   This is significant because when economic growth rate increases, then consumer confidence in the economy rises, then resulting in more housing sales.

As if to confirm that, the consumer confidence numbers for August increased by 5 points.

Another encouraging report was that last week’s mortgage rates dropped to 6.39 percent for 30-year fixed rate loans.

Should we forecast that the recovery is on?  Reports may suggest that but we’ll wait for the real experts to say so.

In the meantime, see what’s available in Seal Beach by visiting my website at http://www.pathaleonline.com

September 13. LONG BEACH.  Edith Shain, the nurse in the photo of a sailor kissing a nurse in Times Square at the end of World War II, is scheduled to appear at the Reef Restaurant, 880 Harbor Scenic Drive, Long Beach. Time: 2 p.m. Cost: $38.50, parking is free.

September 13.  SUNSET BEACH. The 10th annual Chili Cook-off includes chili tasting, music, refreshments and souvenir limited edition cook-off T-shirts. $5 admission.

September 19. NEWPORT BEACH.  The 2008 Taste of Newport will be held on Newport Center Drive, Fashion Island, Pacific Coast Highway and Jamboree, Newport Beach, CA.  Time: Friday, Sept. 19, 6-11 p.m.; Saturday, Sept. 20 4 -11 p.m.; Sunday Sept. 21, Noon – 8 p.m. Cost is around $25. Free and valet parking.

Next Page »