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California Real Estate

Malibu Real Estate

Malibu Real Estate

Malibu, California is one of the most famous beachfront cities in the United States. It is located within Los Angeles County and has a population of over 12,000 people. The city of Malibu is known for its beaches and for housing many movie stars associated with the entertainment industry in Hollywood. Due to such factors, it can also be said that Malibu real estate will also be among the highest priced properties in the state, if not the entire country.
The average listing for Malibu real estate homes is about $4.8 million, which is currently on the rise as well. The average sales prices for Malibu real estate is at about $1.3 million. Therefore, it may not be much a surprise that the actual sales of homes when compared to those on the market may be relatively low. Out of nearly 800 homes for sale, only about 180 are sold on average. 
However, even though Malibu real estate will be in the millions of dollars range, it is not very uncommon due to the demographics of the city. The average income for a household is over $102,000, and is at over $123,000 for families. Furthermore, Malibu real estate is well known to be very much sought out by those in the entertainment industry, particularly movie stars, due to its closeness to Hollywood. Therefore, it is not that much of a surprise that Malibu real estate is so high.

Hollywood Real Estate

Hollywood Real Estate

Hollywood, California is most famously known for its association with the movie industry and movie stars. For decades, Hollywood is often seen as the center for all things revolving the entertainment industry and nightlife. However, Hollywood is actually a neighborhood located within the city of Los Angeles, California. 
In 2008, Hollywood would be made to be a specific neighborhood or district recognized by the city of Los Angeles, and now has very distinct borders. However, even though the correlation with Hollywood may be with the entertainment industry, and thus, affluence and money, such is not necessarily the case.
The population of Hollywood is about 210,000 with an average income of about $33,000. These figures have a direct effect on the Hollywood real estate market. Furthermore, there also seems to be an inherent discrepancy regarding the Hollywood real estate market. The average listing price in the Hollywood real estate market is about one million dollars, which can reflect the possibility of the real estate property market focusing more toward those in the entertainment industry. 
However, that is not to say that people with average incomes do not live in Hollywood, but rather that the market itself and its average listings are dominated by more luxurious homes rather than middle income housing or apartments. Furthermore, due to the recent changes regarding the borders created for the neighborhood of Hollywood, neighboring areas may not be factored in the Hollywood real estate numbers, focusing in a distinct and particular area that may be more suited or focused on catering those within Hollywood’s entertainment industry.

Stockton Real Estate

Stockton Real Estate

Stockton, California is the 13th largest city in California, boasting a population just under 300,000. It is located in what could be considered central California, just south of the capital of Sacramento. In recent years, particularly between 1995 and 2005, Stockton has experienced quite a large influx in terms of population numbers due to many people trying to relocate from San Francisco and the high costs of living the city currently has.
The population boom had great impact on Stock real estate, particularly during the late 1990s and early 2000s. Stockton property prices skyrocketed between 1998 and 2005, almost tripling in value. Stock, California real estate became a very valuable commodity. However, the Stockton real estate market would suffer a great hit in 2007 and would lead the United States in foreclosures. 
The Stockton real estate crash would have effect on the city’s overall economy, having one of the highest unemployment rates in 2008. This would lead to further problems that would affect the Stockton, California real estate market, primarily the high crime rates in the city. It has recently been determined as one of the three worst cities to live in the United States.
However, in recent years since the real estate debacle, Stockton real estate is slowly reestablishing itself. Average listing prices are at about $185,000, with average sales prices also being up, at about $135,000. Some of the neighborhoods experiencing some of the revitalized Stockton property increases are Valley Oak, Spanos Park, and Brookside.

Pasadena Real Estate

Pasadena Real Estate

Pasadena, California is the seventh largest city in California. It is also located within the county of Los Angeles, being the first city to be incorporated into the county’s borders. The population of Pasadena is currently just under 144,000. Pasadena’s history as being quite the prominent hot spot for cultural and scientific institutions, such as being the home for Caltech and home of the Rose Bowl, it is also one of the more stable real estate markets in California.
The average income for a household in Pasadena is about $61,000, and about $73,000 for a family. Such figures make it Pasadena real estate a fairly stable market. Furthermore, the Pasadena, California real estate market is also well off due to the fact that is on the outskirts of the city of Los Angeles. Being a suburb for such a major metropolitan area will attract many to its city, particularly family households. 
Such a factor is bound to drive up the Pasadena real estate market, which currently has an average listing of about $800,000, with median sales prices hovering around the $500,000 range. Furthermore, Pasadena also has some of the leading employers of the country with companies such as AT&T, Bank of America, and the leading employer of the city, Jet Propulsion Laboratory. The attraction of prestigious employers found in the city will also have a positive impact on the Pasadena, California real estate market.

How Does California Handle Unclaimed Property

How Does California Handle Unclaimed Property

Unclaimed property, in terms of financial assets or real estate, is any particular asset that is considered to have been abandoned, or that very least, remains inactive in terms of activity from its proper owner. 
The state of California unclaimed property statutes define unclaimed property as any kind of financial asset that has been inactive for three years. However, under the state of California Unclaimed Property Law, the provisions will not include real estate. 

The state of California will recognize the following as unclaimed property:
Bank accounts and safe deposit boxes
Mutual funds, stocks, and bonds
Estates
Trust funds and escrow accounts
Royalty payments
Terminated insurance policies
Currently, there is an estimated $5.7 billion in the state of California unclaimed property assessments. Under the state of California’s Unclaimed Property Law, owners of such property must make a report and deliver such assets to the Controller’s Office.
In most cases, unclaimed property is the result of owners of said property either moving, forgetting that they are in possession of the property, or the account or contract is expired and the owners are unaware. 
The law is enacted in order to prevent unclaimed property holders to use the state of their assets as a way to turning residents’ taxes as a source of income, protecting citizens of the state of California from any kind of ill-willed situations. Unclaimed property is regulated by the State Controller’s Office of California, currently held by John Chiang.

The Best of California Real Estate

The Best of California Real Estate

California Real Estate

The California real estate market is one that, regardless of fluctuations, will be relatively active due to the state not only having stable and mild weather, it is also the most populous state in the country. Being ranked in the top ten among the states for median income, California real estate is bound to remain fairly active.
Sacramento Real Estate

The Sacramento real estate market produce an average listing price of about $237,000, with a median sales price of about $150,000. Popular neighborhoods include East Sacramento, Land Park, and South Land Park.
Monterey Property

Known for a being a popular tourist city, Monterey property will usually reflect real estate meant for vacationing purposes or secondary homes. Average listing prices are over $1.2 million, with average sales price of nearly $550,000. Monterey is known for its waterfront landscapes and has served as the inspiration for many well-known writers and authors.

California Real Estate at a Glance

California Real Estate at a Glance

California may prove to be among the top destinations in the country to currently live in. Whether it is the sunny beaches of Southern California, stable weather, or the attraction of Hollywood, the state of California proves to have something for everyone. This can be proven by the fact that it is the most populous state in the country. 
Depending on where in the state one is talking about, there are various different environments and opportunities that exist that can prove to be a great situation for those seeking out new career opportunities or to raise a family. Furthermore, the most recent real estate trends regarding the state of California prove to reiterate the fact, due to many homes selling above the asking price.
California real estate matters are regulated by the California Department of Real Estate. The California Department of Real Estate has is history dating back to 1917, when the state enacted the country’s first real estate licensing law. The Department of Real Estate gains the revenue from its operations from the fees acquired from the California Real Estate License fees and other permits that are necessary in order to be in the California real estate business. The Department of Real Estate has offices in Sacramento, Los Angeles, San Diego, Fresno, and Oakland.

California Department of Real Estate

California Department of Real Estate

Any single aspect relating to real estate within the state of California is governed by the California Department of Real Estate. The California Department of Real Estate may prove to be one of the oldest governmental organizations of its kind. The Department of Real Estate of California has its roots dating back to 1917, when it became the first state to implement real estate licensing in the nation.
The California Department of Real Estate presents its role to be one of consumer protection to the general public and residents of the state of California. The Department of Real Estate of California will often engage other governmental agencies with the purpose of reducing the risks that many consumers may face regarding real estate transactions. That is why the California real estate license is one of the main focuses of the department.
The California Department of Real Estate is headed by the Real Estate Commissioner, who is appointed to the position by the Governor of the state. Among the various responsibilities the Commissioner may have, he/she has the power to enforce applicable real estate laws, hold hearings regarding California real estate license ordeals, such as revocations and suspensions. 
The current Commissioner of the Department of the Real Estate of California is Jeff Davi, and has held the position since 2004. Commissioner Davi is responsible for the regulation of over 543,000 California real estate license holders and has a staff of about 350.

Steps to Starting a Real Estate Career in California

Steps to Starting a Real Estate Career in California

In order to participate in the selling or buying of real estate in California, a real estate license must first be obtained. Upon qualifying and passing a written exam, a license for real estate application is submitted to the Department of Real Estate, which will then be reviewed for approval. The minimum age to obtain a license is eighteen, and proof of legal residence in the United States is required.
For those seeking a career in real estate in California, it is important to know the California real estate principles and involved applications of real estate law. Understanding the laws and the California real estate principles is vital to passing the California Real Estate Sales Exam. California real estate principles are largely rooted and centered on the complex and extensive set of code and regulations put forth by the California Department of Real Estate.
Some of the basic California real estate principles may include property ownership and regulations, financing procedures, market and value analysis, contracts, and the actual practice of real estate. These California real estate principles will also account for the majority of the content that is found in the licensing exam, making them crucial to be fully understood and learned for any person aspiring to practice real estate in California.

Sacramento Real Estate

Sacramento Real Estate

Sacramento is the capital city of the state of California and is the seventh largest city in California, with over 485,000 people. Sacramento is located in the northern region of the state and Sacramento property is currently available in high numbers. Sacramento, California real estate buyers have certainly declined in the past several years, and much of it has been attributed to the economic factors, particularly the revocation of the home buyer tax credit.
Currently, the average Sacramento property is listed at about $247,000, which is currently at about 4% decline from previous years. Furthermore, the asking price is rarely the amount for which the average Sacramento property is actually being sold at, which is less than $150,000. However, the median sales price is actually up nearly 5% from other previous times. 
Currently some of the more popular neighborhoods are East Sacramento, Land Park, and South Natomas. Listing prices for these neighborhoods reflect a growing trend where higher end and low end Sacramento property seems to be doing well in the Sacramento, California real estate market, while those in the middle price range are seeing an overall decline in average listing prices. 
However, the mean sales prices for Sacramento property remain at about $150,000. The current negative trends regarding Sacramento, California real estate prices and overall market may also be attributed to the fact that crime figures regarding both property and violent crime are both above the average when compared to the rest of the state of California.