Brea has seen an interesting year so far with inventory and prices. 

The year started off with a lot of inventory and very soft prices.

Over the last couple months buyers were frenzied by the drop in prices combined with low interest rates.  A lot of the good inventory which was priced correctly was sold - leaving us with undesirable homes and overpriced homes.

Here is a chart of the raw data.  It is my prediction we will see an increase in inventory as the year continues coinciding with softer prices.

I am sure if you have been reading my blogs you will see a correlation between all North Orange County cities and they data trend.  We have experienced the same indicators and will most likely have similar trends throughout the year.

Adam Brett
RE/MAX NOC
Fullerton, CA
714-496-8116
www.AdamsMLS.com

Fullerton has seen an interesting year so far with inventory and prices. 

The year started off with a lot of inventory and very soft prices.

Over the last couple months buyers were frenzied by the drop in prices combined with low interest rates.  A lot of the good inventory which was priced correctly was sold - leaving us with undesirable homes and overpriced homes.

Here is a chart of the raw data.  It is my prediction we will see an increase in inventory as the year continues coinciding with softer prices.

Adam Brett
RE/MAX NOC
Fullerton, CA
714-496-8116

Fullerton has an abundance of historical homes - well maintained with the charm and character intact from the 1920's and earlier.

These homes saw huge appreciation from 2001-2006 - to the tune of 150% in some cases.  A 2 Bedroom - 1 Bath home sold for $675,000 in July of 2006.

Now - the market has changed but the homes have not.  We are seeing homes in the historical neighborhood for as low as $400,000.  That is a 40% decline in price....

What can you get for this price?  Here are some currently listed samples.

They are stunning homes on tree lined streets where the neighbors have block parties for the 4th of July, Halloween, and other major events. 

If you like craftsmanship, unique homes in a great neighborhood - look no further.

These homes will once again be over $650,000..  Now is the time to get an Old-World charmer at historical prices.

Adam Brett
RE/MAX NOC
Fullerton, CA
www.RealtorAdam.com
AdamsMLS.com
714-496-8116
800-977-ADA

The title might be a bit misleading but this post is about finding a suitable location for a Church site.

As a commercial listing agent I know the obstacles to finding a location with the requirements to establish a church.While a lot of buildings would work, parking is usually the problem.  ..

Most cities will gladly allow general-use commercial office/buildings be used for religious purposes, the traffic generated, ingress - egress, and ability to park legally are the major red flags.

Given you can get beyond these problems - there are multiple approval levels within a church.  Typically they will have an agent who finds prospective sites.  From this point an advisory board usually will review the property and if they approve - it can go to the general membership.

As you can see, it is not as simply as seeing the necessary square footage and proximity to freeways.

I am well versed in procuring these properties for a multitude of clients.  Please do not hesitate to contact me for all your commercial needs. 

Adam Brett
RE/MAX NOC
Fullerton, CA
www.RealtorAdam.com
AdamsMLS.com
714-496-8116
800-977-ADAM

Here is a banner ad I will be displaying at a local car wash.  It details the total active units, which ones are REO-Short Sales-Equity Sellers.

It shows in the lower price range we have up to 60% short sale listings..... WOW!!!  This is just the beginning of what we have to come in the way for REO listings.