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Murrieta, CA Real Estate News

By Dominic Carnevale
(Carnevale Real Estate)
Recent Medical Office Transaction The Murrieta Springs Medical Center sold to Murrieta Springs Medical Center LLC at a historic price per square foot of $330.03. The property contains 31,361 Square Feet of Multi Tenant Medical Office space. The full purchase price was $10,350,00 and they buyer was required to assume an attracive loan from Bear Sterns. Evan Kovac and John Smelter of Marcus & Millichap were the listing agents and Howard Rosenthal of Rosenthal & Excell Commercial represnted the buyer.
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C & J Home Staging & Redesign, located in Murrieta, CA offers Home Staging and Redesign Services to Custom Home Owners in La Cresta, Bear Creek and Temecula Wine Country.  Don't drop your home's selling price just to try get it sold, increase the price and still get it sold!  Did you know that homes that are professionally staged sell for 7-10% higher and 50% quicker than an unstaged home!  I provide new photographs for your newly staged residence to post or to update an MLS listing.....pull in more potential buyers with beautiful new photographs and a virtual tour!   Call me today, I will provide you with a Free Consultation.  I will help get your home sold fast!!   See link to view an example of our work.  http://www.realestateshows.com/show.php?id=314613&code=35320f66 888-682-2192/95...
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The long wait is finally over. Tony and Joan have opened to doors to Anthony's Lounge & Ristorante in Old Town Murrieta. Anthony's Ristorante has been a fixture in Temecula for years offering consistenly excellent Italian food. After months and months of remodeling, Tony opened the doors for a soft opening last Tuesday night. Laura and I dropped in for dinner on Wednesday, and we were delighted with how the restaurant looked and how good the food tasted. We shared a garlicky spinach salad with cranberries. I had poached salmon with a dijon, capers and lemon sauce and Laura enjoyed linguine with clams. We look forward to many return visits! We were also fortunate enough to find Lisa Bryant putting the finishing touches on her mural. She told me she has now finished, so we'll look forwar...
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
 Everywhere you turn these days it seems the topic of conversation always turns to Real Estate and the high number of foreclosed properties coming on the market and most people are concerned about the value of their home and the neighborhood they live in. Every time I list a Bank Owned Property (REO) the neighbors always ask about the home as to it's condition, what is the price and am I going to do anything about the lawn as it looks terrible. My response is I will do everything possible to get the property cleaned up as quickly as I can.  This past week my partner and I received 6 REO listings in Murrieta Ca. so the work began to get the properties ready for market and one of the first things to be done after the re-keying of the home is to post notices that the property is Real Estat...
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By Tyson Robinson
(Trillion Real Estate - REO/Bank Owned Specialist)
I come across a lot of people that have been watching the news and hearing about the "NATIONAL" market and thinking that every submarket or that our "LOCAL" market is the same. Check out these numbers:NATIONAL Market                                          vs.                                  LOCAL Market (Murrieta & Temecula)*Prices are down about 10% from the peak.                                         *Prices are down about 40% from the peak.*Home Sales DECREASED by 15% last month                                     *Home Sales have INCREASED by about 190% compared to June of 2008                                                                    from June 2007 to June 2008. (102 in '07 & 280 in '08 - Murrieta)*One other interesting number is that Murrieta currently has a total o...
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By Tyson Robinson
(Trillion Real Estate - REO/Bank Owned Specialist)
The Murrieta Market is Heating Up! The Murrieta Real Estate Market is heating up! Murrieta Real Estate has dropped in the ballpark of 40% almost across the board from the peak and now things are moving! I'll let the numbers speak for themselves. These numbers pertain to only MURRIETA, CA. Total Closed Sales in June 2007................. 102 Total Closed Sales in June 2008................. 280         **** Almost tripled from 2007!!! We currently have a total of 581 properties pending or in back up in Murrieta. 360 of the 581 are REO's (about 62%). Only 25 are Short Sales (about 4%). What does that tell you? Why waste your time with a Short Sale? <---- That's my opinion of course. We currently have a total of 1171 homes on the market and only 267 are REO's and 421 are Short Sales. 25 of ...
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By Tyson Robinson
(Trillion Real Estate - REO/Bank Owned Specialist)
Murrieta, Temecula & Surrounding Area Bank Owned/REO Home Search. At Oak Tree Realty Group, we represent over 25 banks & asset management companies and have hundreds of Bank Owned & REO Home listings in Murrieta, Temecula and surrounding areas.  If you are looking for a great deal and want to have a chance at getting one of these HOT Deals, you need to give me a call at 951.970.5740. You can have an edge on your competition by seeing the homes before they are even listed and have the capability to submit offers before the home is even on the market. Search our Bank Owned & REO Homes in Murrieta, Temecula & surrounding areas at: www.TysonRobinson.com/properties.php  
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By Tyson Robinson
(Trillion Real Estate - REO/Bank Owned Specialist)
The booming real estate market that we've experienced here in Murrieta and Temecula is gone "for now anyway," or is it. You'll be surprised to know unless you are actively buying in this market that most Bank Owned homes have multiple offers within days of being listed. It seems the decline has definitely leveled off and many buyers are entering the market. Sales in Murrieta increase by over 100% in June of 2008 compared to June of 2007. The local real estate market soared for years, doubling, tripling and even more than that in some areas. In the middle of that boom you could buy a home virtually anywhere and sell it just a few months later and make a killing. During the past year, we've seen prices decrease rapidly in most areas in and around Murrieta and Temecula. Some homes are sell...
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By Tyson Robinson
(Trillion Real Estate - REO/Bank Owned Specialist)
What are some of the benefits of using a Bank Owned Specialist? The HOT deals sell fast so you need the inside information of what homes are coming on the market. We have 100’s of homes in process of getting pricing, so you can see the home before anybody else and have an offer submitted before the home is even on the Market! We represent over 26 Banks and Asset Management Companies, which allows me to know the ins and outs of dealing with each Bank, such as how aggressive you can be with an offer, will they pay for repairs, closing costs, how quickly they respond and more. A Bank Owned Specialist knows where to get the best deals. What areas have been hit the hardest with foreclosures and why and what does that mean to a buyer? Many parts of Murrieta & Temecula are down around 40-50% f...
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By Scott Barr, Realtor
(Pacific Sotheby's international Realty)
    It still surprises me when people, who should buy rather than rent hesitate because they think the big dip is going to happen again. I've got news for all the naysayers, California is having a "blue light special" and it's already begun. Yes it will last for 14 more months or so, but the point is it has started. I know from experience that 89% of buyers and investors never buy when prices are going down. They generally wait for prices to go up then they jump in and regret it later. As of 7/3/08 prices will drop 5-10% then go up 10-15%. If you don't buy in the next 12 months you will miss out not only on low prices, but also on low interest rates. That could cost you thousands of dollars in the end. Twelve months seems like forever to some of us. But in terms of investing in real est...
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
 All of us at times get lax when it comes to our personal safety when we go about our busy days and those of us in the Real Estate Business are no different than anyone else and at times we take things for granted as after all it's just another day but we can never ignore to do the things necessary to insure our safety.  Today an agent in my office went to show a vacant property that is bank owned (REO) and her first mistake was not letting anyone know where she was going and the second mistake was she ignored the signs in the property that someone may be living there illegally. There was food on the kitchen counters and toiletries in one bathroom that looked fresh but in her excitement to show the home she ignored them.  Upon entering the master bedroom with her buyers she showed them ...
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By Tom Plant
(WINEormous.com)
She doesn't look a day over 16! My hometown Murrieta is celebrating her 17th birthday tomorrow and in true Murrieta style, there's going to be a celebration! I have lived in Murrieta for more than two years now and I can honestly say I enjoy living here more than anywhere else I have lived. Come join the festivities tomorrow at California Oaks Sports Park beginning at 2pm. With live music and fireworks, we'll be honoring this great city in grand fashion! Murrieta Real Estate Expert – Tom Plant, REALTOR® - Coldwell Banker Residential Brokerage – Active Rain Ambassador (951) 907-9701 It would be my honor to show you the incredible Temecula Valley, a place I’m very proud to call home. Subscribe in a reader
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
 Three weeks ago I was assigned a foreclosed property in the La Cresta area of Murrieta Ca. by the bank that now owns it and the first thing a bank always asks is the property occupied and if not do a BPO  ( Broker Price Opinion) and then a price will be set according to estimated value. No problem right? Wrong.  When working with a bank owned property (REO) the agent is the eyes for the bank and I am always honest with my evaluations and very thorough in the documentation of my opinion of value and this property was no different than the rest so the bank set the price on June 2nd and it's time to get it sold. On June the 5th my partner submitted an offer she wrote on this house to the bank, as our marketing does produce results, but in the meantime I showed the property to another pote...
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
 The numbers are in and home sales in the Valley for the month of April 2008 increased 73% from April of 2007 and for the first time since the housing market took a downward swing the house sales were higher than sales in the same period for 2006 at the peak of home sales.  Escalating home sales have some analysts predicting we have hit the bottom on declining values and with a leveling out on prices we my see an upturn in appreciation by the end of the year. Other analysts say with the number of homes on the market we might see prices fall a little more but they are not taking into account the fact we are seeing multiple offers on many properties and especially the bank owned properties (REO) that buyers are seeking out to take advantage of favorable prices.  With favorable interest ra...
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By JERRY PETTEWAY
(WJB..W.J.BRADLEY MORTGAGE CAPITAL CORP.)
I have been in the mortgage industry for over 25 years and have watched the changes in the market and the personnel that have got in the business for the money and not for the opportunity of being able to help someone purchase their first home.  I to at the begining got in the business for the money, but over time I believed that this business was my calling.  I enjoy sitting down with a client that is interested in purchasing their first home and they tell me that they have no idea what to do.  I go through the process by first explaining what is necessary to get started. I tell my clients that there are four (4) major life changing decision they will make that will have a positive or negative effect on you life or financial ability in the future.  (1) Honoring God, (2) Getting married...
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
 The Greatest person I ever met was never famous in the sense of celebrities nor wealthy in the way of Bill Gates and most people never met her but she touched many lives and everyone who met her was blessed by the riches she freely shared with them and that was love plus help in times of need.  This great lady along with her husband raised three rowdy stubborn boys, who tried to convince her they already knew everything, by the golden rule which became the foundation of their lives which they in turn passed along to their children.  When other children were having problems at home she would take them into her home with the parents permission and help them and their parents overcome the problems through love until the family could be reunited. This Great lady was unselfish and always pu...
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By Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ
(Labrum Real Estate)
 Fannie Mae has recently sent out a directive to the Real Estate Brokers that list and sell the foreclosed properties in California currently held in Fannie Mae's portfolio informing us they are now raising the commission they will pay to Brokers who are representing buyers of their properties a full 1% of current levels.  It appears that Fannie Mae is anticipating taking in a large number of foreclosures in the near future and they want to sell as many properties in their current inventory as quickly as possible and apparently they have chosen to market to the agents with higher commissions but as we all know the consumer (buyer) is the market and if a property is priced correctly it will sell.  As the listing agent it is my job to market a property to buyers as well as other Real Esta...
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By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
La Cresta non reo 5-8-08 La Cresta, located in Southwest California, offers a unique estate lifestyle that is difficult to obtain at this price not just in Southern California, but anywhere in the country. Located in the Coastal Foothills just west of the I-15 Freeway above Murrieta, La Cresta encompasses an area of gently rolling hills suitable for vineyards or groves, expansive meadows ideal for equestrian pursuits, and magnificent hillside properties offering panoramic views from the Pacific Ocean to the snow-capped San Jacinto mountains and the flowering beauty of the San Rosa Plateau..  Homes in La Cresta range from modest single story homes of 2,500 SqFt dating back to when the area was first developed in the 1980's to 10,000 SqFt estates offering every amenity you could desire. ...
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By Robyn Renee
(Coldwell Banker Realtor: Mobile Notary Signing Agent: )
Mobile Notary Services available to all Real Estate Agents: Escrow Officers: Loan Agents: Title Companies: for Loan Doc Signings; and any other Notary Services needed.Today, most loans are out of Area: I will meet your Client at their Home, place of Business, or my Office.   I'm just a phone call away. 951-990-941124/7 Mobile Notary: Robyn Renee' 
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By Gene Wunderlich, Realtor & Legislative Liaison
(1st Action Real Estate)
La Cresta La Cresta, located in Southwest California, offers a unique estate lifestyle that is difficult to obtain at this price not just in Southern California, but anywhere in the country. Located in the Coastal Foothills just west of the I-15 Freeway above Murrieta, La Cresta encompasses an area of gently rolling hills suitable for vinyards or groves, expansive meadows ideal for equestrian pursuits, and magnificent hillside properties offering panoramic views from the Pacific Ocean to the snow-capped San Jacinto mountains and the flowering beauty of the San Rosa Plateau..  Homes in La Cresta range from modest single story homes of 2,500 SqFt dating back to when the area was first develped in the 1980's to 10,000 SqFt estates offering every amenity you could desire. With 5 acre minim...
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