Southern California home sales and prices high in December

As end-of-the-year housing market reports begin to emerge, DataQuick reportedan increase in closed transactions on homes for sale in Los Angeles County and a notable gain in home prices in December.

Data from the report found that the final month of 2012 saw the highest number of homes sold in three years, as 20,274 new and resale homes and condos were sold in the six counties that make up Southern California. This is 5.1 percent higher than the 19,285 homes sold the previous month and also up 5.3 percent from December last year when 19,247 properties were purchased.

"The housing market had more to offer in 2012 than many anticipated," said John Walsh, president of the data firm.

Additionally, the median price paid for a home was $323,000 up 0.6 percent from November and a 19.6 percent leap forward from December 2011 when the median price was $270,000. A large percentage, 24.7 percent, of all home sales were for properties priced for $500,000 or more, as transactions of luxury properties continue to boost the median price significantly. DataQuick notes this is the highest figure seen since July 2008.

Programmable thermostats enter the mobile age

It certainly comes as no big surprise to anyone that the heating and cooling systems in our homes consume huge amounts of power, and typically account for the lion's share of our utility bills. So anything we can do to conserve on the amount of power these systems use will help lower those bills each month.

Programmable thermostats are one of the best ways to do that. Using internal computer circuits that raise and lower the thermostat set points at various times during the day in accordance with our occupancy and habits, they help keep the furnace or air conditioner from running when it doesn't need to.

Programmable thermostats have been around for decades, but it's only been recently that they've caught up with the Internet and smartphone age. Now they're more intelligent than ever, and, used correctly, that can translate into even more energy savings.

Nest Learning Thermostat

One of the most talked about thermostats on the market today is the Nest Learning Thermostat. You probably don't think of "attractive" when you think of thermostats, but this one definitely is, with a small round shape that glows blue when it's in cooling mode and orange when it's in heating mode.

Beyond its appearance, there's the lack of buttons. Adjustments are done with the outer ring, and you see programmed settings on a screen in the center of the thermostat. As you make the various adjustments throughout the day, the Nest "learns" your habits, and programs those habits into its circuitry. Soon, it's set up a temperature schedule that meets your specific lifestyle.

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The Nest also has sensors in it that detect when no one is home. It switches into Auto-Away mode, automatically turning itself down to save even more energy. In that mode, the face switches to black. As additional motivation, there's even a leaf symbol that appears periodically to show you when you're saving more energy than what you'd originally programmed it for.

There are currently two generations of Nests. The first generation retails for around $198, and works with about 75 percent of the heating and cooling systems. The second generation retails for $250, is 20 percent thinner, and is compatible with an estimated 95 percent of systems. Both generations offer Wi-Fi remote control so you can control your thermostat remotely from your smartphone, laptop or tablet.

Beverly Hills | Luxury Real Estate | Selling | Buying

Beverly Hills | Luxury Real Estate | Selling | Buying

Natural disasters and real estate

The expected storm surge from Hurricane Sandy could result in loss of life and billions in property damages, not to mention delay thousands of mortgage loan approvals and home sales.

With the recent exception of Hurricane Katrina, natural disasters and man-made catastrophes tend to have only limited long-term impacts on housing sales, housing markets, and the real estate industry. Earthquakes that hit California in 1989 and 1994 were also setbacks for housing markets, under different circumstances explored below.

In a report issued Saturday, real estate data aggregator CoreLogic estimated that nearly 284,000 total residential properties valued at almost $88 billion are at risk if Hurricane Sandy hits the East Coast as a Category 1 hurricane.

Core Logic showing the top 25 zip codes in New York City, Northern New Jersey and Long Island markets. Massapequa, located on the South Shore of Long Island, holds the top spot with more than $4.6 billion in total structure value at risk.

After Hurricane Katrina killed an estimated 1,836 people in the Gulf Coast region, destroying or damaging hundreds of thousands of homes and displacing an estimated 750,000 households, it took years for many housing markets in the region to recover.

Selling the sale

The successful sale of a beautiful home is always fulfilling, especially when it's your home. The value of a home isn't the only selling point, and, some times, not even one of the top five selling points.  To sell your home, you want to do what I call, selling the sale.  If every desirable house in Los Angeles were bought just because it was desirable, there would be no homes on the market. Price, location, lot size, etc all have something to do with the sale of a home. But, these alone don't close the deal. 

What do buyers want to see in homes? Themselves, of course. And, in LA, they want to see themselves living in style. So, it is the seller's job to make the whole property, house and all, as stylish and inviting as possible. 

Here are 4 great tips for selling the sale: 
1) Paint the house, inside and out. Buyers, most often, want to see a house that is ready to be lived in, that is crisp and well cared for. A fresh coat of paint can mean the difference between a house that looks desirable and one that looks ignored. 
2)Mow the lawn. Yes. Seriously. Mow the lawn. Water the plants. Clip the hedges. Again, would a buyer want a house that looks cared for or ignored? 
3)Stop at the flower market. Decorating the house with very nicely arranged flowers set around a few different rooms gives a sense of style and luxury to any space. 
4)Clean up. Keeping your house clean, surfaces dusted, windows clean and so on helps prospective buyers to feel comfortable as they walk around. 

Welcome, everyone, to the blog for Mike Dronge...me. I have started this blog to share knowledge, insight and tips on everything from finding your perfect $10,000,000 house with remote control curtains to where the best haircut is on Sunset, east of Dohney. So, in other words, everything that you need to know about buying, living and selling in Los Angeles. Real estate for real people. 

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