Linda's Real Estate Buzz

07/09/2023

Many people ask, what are the current interest rates? It's not pretty at the moment. They say "what goes up must come down," and I'm hoping our dear Federal Reserve gets a clue and starts going in the other direction to avoid a recession. In their battle against inflation, they could be causing major damage to the economy (you think?).

Despite the economy, buyers are finding a way to buy up the current inventory available, which is limited. The current market is both a "buyer's" and "seller's" market (depending on location). Many buyers plan to buy now, and then refinance when rates are more favorable. The market is less competitive so they have more buying power in that respect.

I'm here to help with your real estate questions or concerns. Linda Marcella Berg, 661-312-2605 or email at [email protected] and a Happy Sunday to all!

Mortgage Rates (2nd rate is one month ago)

30 Year Fixed Jumbo
7.40% 7.06%
30 Year Fixed
7.38% 7.06%
15 Year Fixed
6.60% 6.40%
30 Year Fixed Refi
7.45% 7.16%
15 Year Fixed Refi
6.81% 6.54%
5/1 ARM
6.23% 6.06%
5/1 ARM Refi
6.13% 6.01%

07/04/2023

Happy , y'all!

07/02/2023

Happy 4th of July long weekend to all!

06/25/2023

Everyone loves to save money, especially when you consider those sizeable commissions earned by realtors to sell your home. But wait....many may not realize you will very likely net more after commission is paid when you hire a pro to sell your home, with a lot less stress on you and your family!

Here are some points to consider:

When you go on the competitive market buyers know they are competing with others, and therefore tend to put their best foot forward. As opposed to selling "for sale by owner" whereby buyers are thinking they can get a "deal" from you because there's not so much competition.

Probably the most valid reason for using a realtor is the legal protection you can feel confident with from having the buyer sign all the legal disclosures which discourage any future legal actions against you. The amount of paperwork the buyer and seller are required to sign during a home sale transaction would probably kill a tree or two if it wasn't done digitally these days.

Another very valid and real point is the professional & emotional support you receive from a seasoned realtor. Selling your home is stressful! For a pro realtor, it's what they've done for years, and they already know the pitfalls and how to protect you from them.

Thinking of selling? Although we have less buyers out there due to high interest rates currently, there's also a shortage of homes on the market which kind of evens out the playing field. I'm here to help with 19 years of full time experience - call, text or email; [email protected], 661-312-2605.

Happy Sunday to all!

06/18/2023

06/11/2023

Here's the "inside scoop" on the real estate activity for each area. Allison Picou with Lawyers Title is kind enough to provide these statistics to local realtors.

This tells me the spring/summer buying season is finally upon us!

Here's her breakdown:

So the data for this week shows that inventory for these 15 zip codes is up 37 units at 588 and most MDM(Median Days on Market) are the same or trending down which means our spring market is finally upon us. As Usual I will focus on the MLP (Median List Price) the MDM(Median days on Market) and the INV (Inventory).



Acton 93510the MLP is down $1,000 at $899,000 the MDM is up 14 days at 56 and the INV is down 2 units at 17.



California City 93505 the MLP is the same at $315,000 the MDM is the same at 42 and the INV is up 3 units at 60.



Lake Hughes 93532 the MLP is down $37,000 at $425,000 the MDM is down 18 days at 210 and the INV is up 1 unit at 7.



Lancaster 93534 the MLP is down $7,001 at $404,999 the MDM is up 11 days at 53 and the INV is up 3 units at 26.



Lancaster 93535 the MLP is up $2,500 at $432,450 the MDM is up 3 days at 35 and the INV is the same at 54.



Lancaster 93536 the MLP is down $9,505 at 589-495 the MDM is down 11 days at 49 and the INV is down 2 units at 90.



Littlerock 93543 the MLP is down $3,000 at $477,000 the MDM is the same at 35 and the INV is up 3 units at 18.



Llano 93544 the MLP is up $13,000 at $435,000 the MDM is down 49 days at 196 and the INV is up 2 units at 8.



Palmdale 93550 the MLP is down $7,250 at $460,000 the MDM is down 7 days at 28 and the INV is up 1 unit at 47.



Palmdale 93551 the MLP is down $5,050 at $674,950 the MDM is the same at 56 and the INV is up 3 units at 76.



Palmdale 93552 the MLP is down $19,900 at $510,000 the MDM is down 35 days at 21(this is the lowest out of 15 zip codes) and the INV is up 6 units at 20.



Lake Los Angeles 93591 the MLP is up $4,500 at $369,500 the MDM is down 63 days at 46 and the INV is up 6 units at 20.



Pearblossom 93553 the MLP is down $33,000 at $462,000 the MDM is down 7 days at 56 and the INV is up 1 unit at 4.



Rosamond 93560 the MLP is down $5,095 at $399,900 the MDM is up 10 days at 21 and the Inventory is down 1 unit at 25.



Tehachapi 93561 the MLP is down $6,000 at $489,900 the MDM is the same at 35 and the INV is up 13 units at 103.

06/04/2023

Officially on the market! This beautiful home at 14810 Sandy Ridge Road, Lake Elizabeth CA 93532 has had several showings and one offer so far........check it out before it's gone!

Some exceptional details: NEW septic tank, NEW pellet stove, NEW A/C & Heat! These are big ticket items that are paid for the lucky buyer. Priced to sell at 399k, this home is a VALUE! Contact me for a private showing: 661-312-2605. Click on link below for details and photos. Happy Sunday to all!

Make your dream home happen with OneHome™. Browse properties, find rates on mortgages and insurance, and collaborate with your real estate agent in one place.

05/28/2023

We honor those who gave the ultimate sacrifice!

Happy Memorial Day Weekend!

05/21/2023

Coming on the market on Tuesday in beautiful Lake Elizabeth! This lovely lake community is located about 1/2 north of Valencia, CA, and about an hour from Los Angeles. Priced to sell at $399k! This wonderful home is built in 1990, and has 3 bedrooms and 2 1/2 bathrooms, and is 1446 square feet on a 5,260 square foot lot.

Here's the details:

Welcome Home to this move-in ready property with freshly painted interior and exterior! Wonderful starter home for a new family, this home provides the comfort and beautiful surroundings you are looking for. There’s a peek-a-boo view of Elizabeth Lake from your upstairs master bedroom (lakes full from our recent rains). As you enter the front double-doors, there’s a charming foyer to decorate as you choose with attractive brick flooring, leading to your cozy living room with pellet stove for those chilly nights, and large vinyl dual-pane windows. The open floor plan is favorable with the kitchen opening up to the living & dining area with a pass-through kitchen countertop and breakfast bar. The kitchen has plenty of storage space, modern appliances, track lighting, and attractive Corian countertops with backsplash, along with a large pantry closet. Your kitchen Bay window adds to the overall charm, and great for placing your favorite plants. There’s a convenient downstairs half-bath across from the kitchen. Walk up your split-level staircase leading to your upstairs 3 bedrooms with lots of large windows showing off your scenic views! The master bedroom has an attached large bathroom with double sinks & shower-in-tub. The hallway bathroom is also large with double sinks & shower-in-tub. The attached garage is spacious with rafters for extra storage, storage shelving, and features a small window to back yard & laundry area. There is a back door from the kitchen that leads out to your covered patio & fully-fenced yard, with tiered raised planter areas & lush landscaping including a large Almond tree, Rosemary bush, and other mature foliage. An added bonus is a brand new septic tank to be installed before close of escrow. This home shines with its simple perfection. Get your kayak or hiking boots on and come explore the Lakes within walking distance from your wonderful home!

Special thanks to Elena Redmond for her professional photography services. Here's the link to her Facebook business page. She also does amazing family portraits, and she lives locally in Lake Elizabeth:
https://www.facebook.com/eredmondphotos/

05/14/2023

Happy Mother's Day!

05/06/2023

Here are some homes I've had the pleasure of selling in the Antelope Acres area (West Lancaster, CA).

Antelope Acres is a wonderful country area with plenty of large lots, where people enjoy the country life with horses & livestock. Your neighbors are close, but not too close. You can still wave to them, and maintain your own world.

Let me know if I can assist you in successfully marketing and selling your property. I specialize in horse properties, and all the specifications that go with them (wells, septic tanks, horse or livestock facilities) Call or text; 661-312-2605, or email at [email protected]

Homebased Realty, License #01316623
42402 10th Street West, Unit J
Lancaster, CA 93534
Agent License #: 01416128

Realtor with HomeBased Realty, Home of the experienced Realtor
Serving the Santa Clarita Valley, Ant

04/23/2023

The recent rains have brought our lakes back and created beautiful greenery, boosting local home sales in Lake Elizabeth, Lake Hughes & Green Valley!

Even though interest rates are currently high, HOMES are selling fast in our Lakes areas. Local prices still appear to be bargains compared to Los Angeles & Valley areas. Many buyers are paying cash, putting down 20%, or opting for a 3-year adjustable rate loan in the low 3%.

If it's time for you to sell, here's what I can offer you:

*19 years of full-time realtor experience on your side (nothing beats an agent who knows the pitfalls, and how to protect you from falling into them).
*Agent pays for pro-photography to put your home in its best light
*Agent writes custom marketing, spotlighting your home's best features
*Agent provides an estimated NET sheet showing your "in pocket" net at close
*Agent provides advice on getting your home ready for sale in the most cost-effective manner
*Agent can furnish professional local vendor contact for septic tanks, wells & termite issues
*Agent practices consistent and close communication with client until escrow CLOSES!

As a local homeowner residing in Green Valley, I am happy to help you reach your real estate goals. Call or text: 661-312-2605, or email at [email protected]