Archives for September 2014

Irvine End Unit Condo With Dual Master Suites

Remodeled 2 bedroom end unit close to area colleges. – $479,000.00
Main Photo
Bedrooms: 2
Bathrooms: 2
Parking Spaces: 2
Year Built: 1982
Lot Size: 1269
Garage Size: 2 car
School District: Irvine
Square Footage: 1269
Agent Name: Kurt Galitski
Broker: Weichman Realtors
MLS #: PW14112578
Price: $479,000.00
Flexibility: Negotiable
Additional Pricing Information: Call 877-957-6677Enter Code: 5151 for pricing information
5151 Walnut Avenue #2
Irvine, CA 92604
  • Range/Oven
  • Dishwasher
  • Sink Disposal
  • Microwave
  • Fireplace
  • Attic
  • Patio
  • Fenced Yard
  • Grass Lawn
  • Secluded setting
There is nothing but star-quality in this beautiful 2 story condominium. This large, stunning, remodeled residence means that you find the perfect fit immediately. 2 master bedrooms with walk in closets, 2 and 1/2 baths with one located downstairs. The fireplace is a design highlight and attracts cozy gatherings when temperatures drop. Everyone deserves great meals, and they seem to come easily from the newer kitchen with breakfast bar, stainless steel appliances. In addition, you will also appreciate such superb conveniences as airy interior, big living room. Inviting community swimming pool/spa, covered patio with grass area. The combination of luxury and practicality creates a showcase for elegant living and brilliant craftsmanship.

Kurt Galitski
Powered by Equal Housing Opportunity VFLYER ID: 283734016
All information in this site is deemed reliable but is not guaranteed and is subject to change
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Why California Dominated This Top Ten List

Why California Dominated This Top Ten List

In Zillow’s recent list of the top U.S. housing markets, the Golden State ruled the day. That is, California took up the most spaces on the seller-side with: Sacramento occupying the 10th spot, Los Angeles coming in 8th, Riverside ranking 6th, San Francisco squeezing into 2nd, and San Jose securing bragging rights as the top market in which to sell your home.
So how is it that California led this list out of hundreds of potential metros across the United States?Well, quick sales helped quite a bit. In fact, Southern California had some of the speediest sales in the nation earlier this year with San Diego, Los Angeles, and Orange County ranked 5th, 7th, and 8th, respectively.Plus, job growth has helped fuel our state’s housing market. In fact, California produced nearly one-third of all new jobs across the U.S. in August!

Inland Empire witnessed over 33,000 new jobs between August 2013 and 2014 thanks to new development in the construction industry. Orange County’s 5.4% jobless rate marked the lowest level in Southern California during August. And California’s overall 7.4% jobless rate for August showed a drastic drop from its 8.9% high earlier this year.

With all of this positive growth, it’s easy to see why experts are predicting a double-digit percentage increase in home sales in 2015. So if you want to get in on all on the upcoming housing market action, contact your loan officer today to see what mortgage rates and programs are available to you.

Or Call Scott Gibson from JMJ Financial at 714-812-4000

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Renting Versus Buying In Orange County… The Facts.

In this Market should you Rent or Buy?

The decision to rent or buy used to be a no brainer, but with prices in Southern California up by a third in the past two years affordability is a key factor for many would be buyers. Additionally, the post-crash bargain bin has been picked clean. Given these factors the decision to buy or rent isn’t that simple anymore.
Despite recent price increases, doubts linger about the health of the housing recovery, and the broader economy. That has a lot of would-be home buyers eyeing the market more carefully. They’re weighing the new higher prices against interest rates still near record lows, deciding between the flexibility of renting and the potential long-term payoff of homeownership. And many are looking at a job market that still feels a little wobbly and wondering whether now is the right time to take the plunge.

All this is one reason why home sales in the Southland fell 10.4% through the first half of the year, according to figures from CoreLogic DataQuick. Even as buyers are shaking off the effects of the recession, they’re confronting prices that are no longer very recessionary at all.
The chief economist at Trulia, Kolko regularly produces a Rent. vs. Buy Index for 100 markets across the U.S., including L.A. Crunching home prices, rents on comparable apartments, interest rates, tax deductions and other factors, he tries to determine the spread between the cost of buying and the cost of renting.

The last time he did, in February, he projected that buying would cost 24% less than renting for the typical household in Los Angeles County over seven years. In Orange County, it would cost 21% less. But, he notes, prices have been climbing faster than rents, and the next time he crunches the numbers, he expects those figures will be smaller.

“The gap [between buying and renting] will continue to narrow,” he said. “It’s already been narrowing.”

Southern California includes many housing markets, from foreclosure belts like Lancaster and San Bernardino — where sale prices remain relatively cheap compared with rent — to high-end areas like San Marino and Newport Beach where seven-figure houses have bounced back from the crash but rents remain relatively modest.

Parts of Southern California are seeing something of a rental boom. In places like downtown Los Angeles and North Hollywood, swanky new apartment buildings are going up left and right, but there’s little supply on the for-sale condo market.

That’s driving up the cost of what condos there are, while all the apartment competition keeps a bit of a lid on rental prices. Still, there’s lots of demand for nicer rentals — even at $2,000 or more a month for a one-bedroom — from young people with good jobs and no particular urgency to buy.

Indeed, even the most likely first-time buyers are holding off.

What are your thoughts on renting vs. buying? We’d like to hear from you!

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The Most Luxurious Home in Costa Mesa under 1 million dollars…

Undeniably the most luxurious home in all of Costa Mesa at this price! Located within Lifestyles, a private gated community and within a short walk to South Coast Plaza, this home features three bedrooms, three bathrooms and an office which can easily be converted into the fourth bedroom. The master suite is complete with spa tub, huge stone shower and walk in custom closet. The gourmet kitchen with stainless appliances, center island and stone surfaces will be the envy of any master chef. Additional features include- 7′ baseboards, crown moulding, custom motorized window treatments, Thermador stainless appliances and extensive use of marble, granite and travertine throughout this unbelievable home. The two additional bedrooms are located near the large great room complemented with custom builtins, built in bar, and wide screen plasma. There’s even a private park with play gound in this community. This home is a must see! Call to schedule your private showing today, see for yourself below.

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It’s only politics- Jim Righeimer

The following is an excerpt from Geoff West and The Bubbling Cauldron-

Like a bunch of bullies, confrontation, intimidation, and extreme poor judgement are all examples of what we don’t need from our leaders- Costa Mesa Deserves Better!



Several reports from the event, including directly from Foley, Humphrey and Leece, informed me that Righeimer, Mayor Pro Tem Steve Mensinger, Mesa Water District Board candidate Ron Amburgey and Costa Mesa Sanitary District candidate Chuck Perry wandered into the meeting at the Greenleaf Mobile Home Park on the Westside of town, hunkered down and then began asking aggressive and challenging questions of Foley.  At one point Righeimer was so rude, interrupting Foley during a response to a question, that Leece had to remind him that this was not a council meeting and he should just be quiet.  I’m told the assembled group did not take kindly to their interruption of the event, and that the mayor was actually jeered.

This, of course, is bad form – even for them.  Reports from the scene indicate that, when challenged on the issue, Righeimer is quoted as having said, “It’s only politics.” – as though bad manners and equally bad judgment can simply be brushed aside as “politics”.  That tells you a lot about the man.

So, I guess it will be OK for Foley, Humphrey and Leece to waltz into any future fundraiser/meet and greet held for any of those men and just begin asking probing questions and interrupting, right?  Fair is fair!  After all, “It’s only politics.


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