Live @ Newport Beach

About one in three people in California now live in communities where there are homeowner associations, and new California laws impact those people.   

CA Senate Bill 209 – new CA law for 2012 - governing electric vehicle charging stations - restricts homeowners associations from prohibiting or restricting the installation of an electric vehicle charging station, although associations still have jurisdiction over the approval process for such stations.  Owners will be responsible for the maintenance costs associated with charging stations and for any commonly metered electricity.  Owners will also be required to obtain an umbrella liability insurance policy that names the association as an additional insured.

Senate Bill 563 – new CA law for 2012 - new requirements regarding the actions of homeowner association boards between meetings.

• Homeowner associations must notify members at least two days prior to a meeting of the board's executive session. 
• Allows for meeting notifications to be sent electronically to homeowners and permits board meetings to be conducted by teleconference as long as they are conducted in a manner that protects the rights of members.  
• Notices of teleconference meetings must identify a physical location so  members can attend and requires that at least one member of the board be present at the location.  
• Board of homeowner associations are prohibited from conducting a meeting via a series of electronic transmissions, such as email, except to conduct an emergency meeting. 

These news laws are part of the California Civil Code starting at section 1350 re condominium, cooperative and planned unit development communities.  

Posted via email from Explore OC Homes

Most Orange County CA homeowners paid their property tax installment due as of December 12, 2011.

Some people are not happy with their current property assessed values, because distressed homes on the market selling and foreclosures have driven market value down. 

Current market value for a property is important for the Orange County CA Assessor’s office to consider when assessing value for property taxes and determining your appeal from property assessment.

See information from the Orange County Assessor's office at its website where you can get information on how to appeal and request a lowered assessed value. 

If you are an Orange County CA home or property owner and need help with sold comp and market value information for your home and neighborhood, contact us here.

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Some information here is from the Orange County CA Assessor.  This is not the providing of legal or tax services.  If after contacting the Orange County CA Assessor about property taxes you still have concerns about assessed value, you should consult with a real estate attorney. 

Contact us about listing and sale of ORANGE COUNTY CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Posted via email from Explore OC Homes

LAGUNA BEACH California is an amazing beach oriented city tucked among the Pacific ocean sands and rocks at South Orange County, CA – also located in the bluffs and hills with emerald blue waters and spectacular Catalina island views.   

Laguna Beach CA real estate owner sellers have expectations for 2012. 

LAGUNA BEACH CA real estate update for January 2012

329 LAGUNA BEACH homes were resold last year during 2011

Average resold price for those homes during 2011 was $1,614,000.

Average time on market for those resold homes during 2011 was 153 days.

52 of the LAGUNA BEACH resold homes last year were short sales – average sold price fopr those was $1,125,000.

Laguna now has 238 homes listed for resale – with current average asking price of $3,680.000.

Average time on market for homes now listed and not yet sold has been 181 days.

 See Laguna Beach single family homes now listed for sale – click here.

See Catalina Island view homes at Laguna now listed – click here.

See Laguna Beach CA condo homes now listed for sale – click here.

See short sales at LAGUNA BEACH that are now listed – click here. 

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Some of this information is from CRMLS, does not include that for new homes, and is for resale of homes listed and sold by all agents and brokers.

Posted via email from Explore OC Homes

Irvine CA was named a Top 10 U.S. City for Families 2012 by AOL real estate.

Acres of parkland per 1,000 residents: 36.5  (Irvine is 10th highest)  

Playgrounds per 1,000 residents: 2.8 (Irvine is 29th highest)

Violent crimes per 1,000 residents: 0.6 (Irvine is 5th lowest)

Unemployment rate: 6.7% (Irvine is 13th lowest)

Adults with at least a high school degree:  95.7%  (Irvine is 2nd highest)

AOL real estate said:

"Irvine is a perfect city for parents who want their children to enjoy the outdoors.  

"The planned community was developed with a focus on greenbelts, and features many bike paths and parks, including the recently established Orange County Great Park, which is still under construction.

"Irvine has one of the lowest rates of violent crime among all major cities. Its unemployment rate for 2011 was relatively low, at 6.7%.  Like much of Orange County, Irvine suffered far less than other areas from the housing crisis." 

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Posted via email from Explore OC Homes

Quail Hill village at IRVINE CA real estate owners have expectations for 2012.

99 Quail Hill homes sold last year during 2011 – average sold price of $736,955.

17 of those resold Quail Hill at Irvine homes during 2011 were short sales – average sold price of $626,347.

61 of the resold Quail Hill homes during 2011 were detached single family – average sold price of $908,381.

16 Quail Hill homes are now listed for sale – average list price of $593,337.

QUAIL HILL needs more homes listed for sale now to satisfy buyer demand 2012.

Quail Hill village home – $875,000 – 3 bedrooms and 3 baths – MLS# S667038 – IDX link

CONTACT US ABOUT LISTING AND SALE OF HOMES AND PROPERTY at QUAIL HILL and Irvine CA real estate.

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Some of this information is from CRMLS, does not include that for new homes, and is for resale of homes listed and sold by all agents and brokers.

Posted via email from Explore OC Homes

• There are now 168 Costa Mesa homes now listed for resale – average list price of $504,923
• If average resale price goes down, that result from lots of short sales and REO sales.
• Costa Mesa is like other Orange County areas inasmuch as distressed homes, REO bank owned and short sales, will be listed for sale and sold.
• Consumer buyer confidence should improve, and qualified property buyers are expected.

LINK to all COSTA MESA CA SINGLE FAMILY HOMES NOW LISTED FOR SALE – click here.

East Costa Mesa home – $1,050,000

4 bedrooms and 3 baths – MLS# U11004733 – IDX link

Please CONTACT US at 949-854-7747 about listing and sale of Costa Mesa CA homes and real estate.

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Source of some information is CRMLS and does not include that for new homes for sale or sold, those sold at trustee auctions after foreclosure, and does include those listed and sold by all agents and brokers.

Professional REALTOR® agent representation and help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

Posted via email from Explore OC Homes