Canyon Lake Real Estate Trends Issue CL03 | Page 3
Real Estate Trends Newsletter
BROUGHT TO YOU BY
JUSTIN BEVINS
REAL ESTATE MARKET REPORT
Canyon Lake Market Report
Sunday, March 2, 2014
Bevins Group Real Estate
Berkshire Hathaway Home Services
[email protected]
Your one page analysis of current market conditions
MARKET SUMMARY TABLE
A = Average Value
M = Median Value
N/A = Not Available
Price Range
Low
High
$0
$99,999
$199,999
4
Current
List
Price
0
$100,000
$200,000
$299,999
20
$300,000
$399,999
24
$400,000
$499,999
20
$500,000
$599,999
11
$600,000
$699,999
17
$700,000
$799,999
4
$800,000
$899,999
4
$900,000
$1,000,000
$1,100,000
$999,999
$1,099,999
$1,199,999
3
1
2
$1,200,000
$1,299,999
1
$1,300,000
$1,399,999
2
$1,400,000
+
Market Totals
Market Averages
Market Medians
3
[2]
21
$ 139,725
M
17
$ 132,450
A
68
$ 273,290
M
52
$ 281,500
A
78
$ 367,462
M
54
$ 372,000
A
80
$ 455,035
M
56
$ 448,750
A
135
$ 551,155
M
97
$ 539,900
A
128
$ 659,324
M
122
$ 649,900
A
144
$ 766,725
M
139
$ 773,950
A
138
$ 864,488
M
140
$ 867,000
A
221
$ 963,667
M
264
$ 949,000
A
107
$ 1,099,999
M
107
$ 1,099,999
A
283
$ 1,162,500
M
283
$ 1,162,500
A
233
$ 1,295,000
M
233
$ 1,295,000
A
141
$ 1,387,475
M
141
$ 1,387,475
A
67
$ 1,883,000
M
44
$ 1,950,000
Num
#
Num
#
Pend
Ratio
0
1
0
2
4
14
41%
7
23%
4
17%
2
15%
2
11%
13
33
23
39
22
21
13
6
10
6
7
0
3
1
20%
3
25%
4
101
74
$ 549,789
$ 448,750
Date Range (Off-Market & Sold) = 09/01/2013 to 03/02/2014
Data believed to be accurate but not guaranteed.
(months of inventory)
Original
List
Price
Final
List
Price
Sold/
Closed
Price
ListSale
Ratio
A
155
$
97,900
$
97,900
$
94,000
96%
155
$
97,900
$
97,900
$
94,000
96%
A
22
$ 163,500
$ 152,750
98%
$ 156,100
M
21
$ 159,500
$ 147,500
$ 150,000 102%
A
73
$ 276,973
$ 269,302
$ 265,658
99%
M
78
$ 280,000
$ 277,000
$ 274,900
99%
A
65
$ 357,922
$ 347,319
$ 343,406
99%
M
51
$ 349,245
$ 346,500
$ 340,000
98%
97%
A
78
$ 463,695
$ 454,690
$ 442,914
M
71
$ 469,000
$ 449,000
$ 450,000 100%
A
128
$ 602,150
$ 575,250
$ 555,167
97%
M
110
$ 617,000
$ 597,000
$ 570,500
96%
A
80
$ 668,567
$ 655,317
$ 641,650
98%
M
67
$ 667,000
$ 654,000
$ 644,950
99%
A
86
$ 728,333
$ 731,667
$ 710,000
97%
M
103
$ 725,000
$ 725,000
$ 705,000
97%
Est.
Mos.
N/A
Still low supply
of homes
3.6 available from
$200k-$500k
6
3.7
5.7
11
17
8
List price to sales price ratio is
still high - good for sellers.
0
0
0
0
0
0
1
0
1
s a le s f r o m
0
t h e la c k o f t h e la st 6
- N o t ic e
in
00 a nd u p e nd wat e r front
0 $8 0 0,0
s
h e h ig h
m o n t h s. T l h a s n’ t c o m e b a c k a
.
0 m a r k e t st il
li k e t o s e e
s w e w o u ld
6.2 months supply of
st r o n g a
homes indicates a good
equilibrium between
buyers & sellers
0
1
25%
1
0
32
116
ABSORPTION RATE
M
0
1
[3]
SOLD/CLOSED (last 6 months) [4]
Days
on
Market
Num
#
0
A
OFF-MARKET (last 6 mos)
ACTIVE [1]
Days
on
Market
Num
#
PENDING
22%
100
113
32 hom
under coes
ntract
6.2
74
62
$ 384,052
$ 346,500
$ 374,173
$ 340,000
Favors Sellers
$ 367,050 98%
$ 340,000 100%
Favors Buyers
Real Estate Trends Newsletter
5 Budget Benefits
(...continued from cover)
3. Hit goals. To reach a financial goal: 1) set a
time frame: “I’m going to save $_____ for a home
down payment by the end of 2015; 2) write
down the steps to get there: “I’ll double my
savings every month.” But you need a budget to
“find” that extra money (maybe those beverage
savings?). A budget also keeps you motivated
– you won’t mind cutting out some movies if it
means a nicer summer vacation.
4. Spend smarter. If your budget shows you
spend more than you earn, it can also reveal
ways to spend smarter. If your budget shows
you earn more than you spend, you can then
figure out the smartest way to spend, save, or
invest the excess. Without a budget, you can’t
be sure about that surplus, so the extra money
goes to mindless purchases.
5. Be prepared. You want to set money aside for
unexpected medical expenses or repairs. These
funds can also pay the bills if you’re injured,
sick, or laid off. A budget will help you set aside
something each month to build an emergency
fund to cover 3 months’ expenses. If this gets
hit , the budget can help you shift spending to
build your emergency fund back up.
I hope you enjoyed the information regarding
budgets. Please let me know if you need my
assistance in residential financing, or have any
questions or comments. Have a wonderful
March! -Dave
P.S. - In today’s market, mortgage rates are volatile,
but remain at historically attractive levels. When
buying or refinancing, it’s smart to start the process
early. Please call or email us to explore the appealing
options available now.
MORE USEFUL REAL ESTATE INFO AT:
WWW.BEVINSGROUP.COM
BEWARE... With Taxes
Come Tax Scam Artists
By Harold Newman
R
emember the saying “If it’s too good to be true……” well that goes the same with having your tax
returns done. There are some big scammers out there so I have listed a few of the big ones.
The first biggie is the Fake tax return preparers - there are a lot out there. They promise big refunds
and they take a percentage of the wind-fall. If any tax preparer charges you for a percentage of your
refund that is actually illegal and more than likely the returns are not prepared correctly. This is just
one scam out there during this tax season.
Another one is the Telephone Scammers…. These people will call you and pretend to be the IRS and
tell you that you owe money and need to pay it right away with a credit card or wire. Remember, the
IRS will never ask you to pay over the phone with a credit card and especially thru a wire. The IRS has
a website where you can pay that is secure.
Then there is the Phishing. A Taxpayer will receive an unsolicited email stating that they are the IRS
and directs you to a fake website to get your private information. These people are very good at what
they do because the websites actually look real. However, BEWARE – these websites are designed
to grab all your information and/or money. Just a note: The IRS NEVER contacts any taxpayers by
email. If you believe you got one of these people please report it and forward the email to the IRS at
[email protected].
Last one is one that can make anyone miserable. IDENTIY THEFT! Someone can steal your name,
social security number and other identifying information, and then will file a bogus return with your
information to claim a refund. Then you try to file your return and it gets rejected because it was
already filed. This is a big problem this year. If this happens you must
send your return in by mail and you can call the IRS Identity Protection
Specialized Unit at 800-908-4490.
Believe it or not... IRS is our Friend... At least this time
The IRS has been trying to make it a requirement for all tax preparers
to take a test to make sure that they are competent enough to file tax
returns on behalf of someone else and /or secure continuing education.
This would protect the public from returns improperly filed. Well on
Feb 11, 2104, the U.S. Court of Appeals for the District of Columbia
Circuit upheld the decision previously made in the case of Loving
vs. IRS, basically stating that it is up to the taxpayers to determine if
the preparer is a good one or not and that the IRS cannot enforce taxpreparers to any guidelines.
So remember, the only Tax Preparers that are licensed by the IRS and
must have continued education in order to keep their licensing is an
ENROLLED AGENT. There are two others types of preparers that have
continued education and have to adhere to higher standards and they
are the CPA and Tax Attorney. If you aren’t doing your taxes with
one of the three you may want to make sure that person is qualified
enough to do a tax return. -Harold
Only a life lived for others is a
life worthwhile.
- Albert Einstein
Harold C. Newman
EA,CTRS,ABA,ATA,ATP
Newman Tax & Resolution Inc.
32605 Temecula Parkway
Suite 312
T - 951.302.6499
F - 951.302.6975
www.NewmanTax.com
Home Sales Feb 1, 2014 - Feb 28 2014
Status
Address
Beds
Baths
Square Feet
Year Built
List Price
Sold Price
Date Closed
Days on Market
Closed Sale
29819 Smugglers Point
3
2
1868
1990
$299950
$250000
2/28/2014
150
$ Per Square Foot
$133.83
Closed Sale
29719 Longhorn
3
2
1428
1987
$289000
$276000
2/6/2014
80
$193.28
Closed Sale
22693 Canyon Lake
3
2
1668
1985
$270000
$277000
2/25/2014
127
$166.07
Closed Sale
30785 Burning Tree
3
2
1528
1986
$289900
$280000
2/28/2014
106
$183.25
Closed Sale
30157 Little Harbor
3
2
1538
1977
$288900
$285000
2/20/2014
205
$185.31
Closed Sale
29870 White Sail
3
2
1482
1983
$289000
$289000
2/21/2014
88
$195.01
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Closed Sale
29173 Yosemite
3
2
1490
1985
$299000
$299000
2/20/2014
103
$200.67
Closed Sale
22711 Canyon Lake
3
2
1541
1976
$299999
$300000
2/25/2014
43
$194.68
Closed Sale
22883 Green Pine
5
4
3447
2003
$417000
$387000
2/26/2014
37
$112.27
Closed Sale
30710 Long Point
3
3
2361
1979
$429900
$425000
2/21/2014
138
$180.01
Closed Sale
Status = [1] Active, Hold Do Not Show; [2] Pending Sale, Backup Offer; [3] Expired, Canceled, Withdrawn; [4] Closed Sale
Area = Canyon Lake
Type = Single Family Residence, Condominium
23295 Clipper
5
3
3765
1984
$438000
$425000
2/14/2014
74
$112.88
Closed Sale
30021 Big Range
4
3
2830
1988
$432500
$428700
2/24/2014
112
$151.48
Closed Sale
30019 Buck Tail
3
3
2615
1987
$467500
$462000
2/21/2014
83
$176.67
Closed Sale
29555 Vacation
2
3
2412
1972
$498000
$465000
2/13/2014
71
$192.79
Closed Sale
30271 Red Lure
3
2
1673
1976
$549000
$549000
2/28/2014
40
$328.15
Closed Sale
30760 Pyramid Point
5
4
3876
1990
$599500
$581000
2/28/2014
274
$149.90
Closed Sale
30295 Little Harbor
3
3
3689
2005
$725000
$725000
2/12/2014
32
$196. 53
Information compiled from various sources including Multiple Listing Service. All information is deemed accurate by not guaranteed. Agent makes now warranties about accuracy or completeness of data.
Download updated market reports, neighborhood statistics, and even request a free market valuation for your home at www.BevinsGroup.com