San Jacinto, CA Real Estate News

By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
The Hemet - San Jacinto. CA Valley has something going for it that most people don't easily recognize or understand why it has happened.  We are a sleepy valley off the beaten path of Southern California - the closest freeway on ramp is about 15 miles - and that is hard to find in SoCal!  Our population - for the entire valley is maybe 100,000 - not a big slice considering the millions who live in the Southland.  We certainly are nor a rich or exclusive community - the average home sell for about $130,000 - far less than most other areas of California.So then why...why does WalMart have not one but two Super WalMarts in our valley...one in Hemet and the other about 5 miles away in San Jacinto?  OK, they both went up while the housing boom was going strong...so what did they know?  What ...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
The San Jacinto, CA Real Estate market is very similar to every other local real estate market in the country - it is local and has it's own unique nuances.In this Market Snapshot I am going to examine the market for 3 Bedroom 2 Bath Single Family Residential homes, across the entire city of San Jacinto and cover current statistical data and looking at sales in the city, spanning the last 90 days, only.QUANTITYACTIVE - Currently there are 57 ACTIVE real estate listings in San Jacinto that range in size from 924 square feet to 2,481 sq feet with an average size of living space of 1,544 square feet.These homes are listed for sale in the MLS from $59,900 ($44.53 per sq ft) to $359,000 ($227.23 per sq ft.)  The average List Price for ALL Active real estate listings in San Jacinto, CA is $13...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
San Jacinto, CA - City Offices & ServicesWhen looking to buy real estate in San Jacinto, California it is nice to know that the real estate you buy is in the oldest incorporated city in all of Riverside County, CA. located in South West Riverside County portion of the Inland Empire region of Southern California - one of the fastest growing regions in the entire country.The City of San Jacinto, California, City Hall is located at 595 South San Jacinto Avenue in Building "A", San Jacinto, CA 92583.  The City phone number is (951) 487-7330The City Clerk is also located at 595 South San Jacinto Ave but in Building B.  The San Jacinto City Clerk phone number is (951) 487-7339.The City of San Jacinto, CA Finance Department is in the same building, B, as the City Clerk as 595 South San Jacinto...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
The song by CLASH, with the same name as this article, may have been a hit back in 1981, when they asked the question that seems to be the question of today, "Should I Stay or Should I Go?"Today, however, the question takes on a more serious tone than the confused singer in his tumultuous love affair begging for confirmation as the chorus ends with the line...         If I go there will be trouble            An if I stay it will be double            So come on and let me know(LISTEN HERE)The tone of the question today, of course, if focused on the housing chrises, as more and more families are trying to figure out what to do.  It's not like there is a single authority on the subject of what will happen to them - in either scenario.  Should they stay or should they go?            This in...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Looking through the online edition of REALTOR Magazine and there is a story posted this morning that references an article published on Forbes.Com by Zack O'Malley Greenburg that claims to have found the 10 Safest Places to Live, in the USA.The criteria was reviewed with four factors in mind: Workplace Accidents Weather Catastrophes Crime Rate Traffic Accidents OK, so I can see why these issues are considered and will help define safty for the average family looking to find a place to call home and raise a family.The problem I have with the results is that they are all cities of significant size.  Take a look: Minneapolis-St. Paul-Bloomington, Minn.-Wisc. Milwaukee-Waukesha-West Allis, Wisc. Portland-Vancouver-Beaverton, Ore.-Wash. Boston-Cambridge-Quincy, Mass. Seattle-Tacoma-Bellevue,...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
American Home Shield Is GOLD in My Book    The home warranty company, American Home Shield has proven to me beyond any reasonable doubt that they are everything anyone could ever expect to receive from a home warranty company.  I first met our local Rep, Judee Edgerton (ActiveRain Link) back in 2005 as I was getting started in the local Hemet - San Jacinto Real Estate market.  Judee is just one of those people that you can't help but like.  I had already established a strong relationship with a rep from another company, when I was working 30 miles to the south, in the more lucrative Temecula, CA market.  Yes, my contact did work the Hemet San Jacinto Valley, just as Judee also works the Temecula - Murrieta market area. Truth is that Temecula - Murrieta is a much larger market, with over...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
OK, so during my early morning wake up coffee hour of mindlessly surfing the Internet I came across a YouTube video about yet another free service that Google is providing.  In this case it is for your cell phone.Cell carriers have notoriously charged an expensive premium everytime a user called 411 for information on a business. There have been free services, but they typically had you listen to 30 seconds (an eternity) or more of phone ads in order to access the information you were seeking.It should be no surprise that Google has built the better mouse trap.  Google, you know, recently got into the cell phone business - so I correctly guessed that they would be working on their own custom cell apps.  Well, I have not been disappointed. This 91 second video is not only fun to watch bu...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
I was frustrated because whenever I searched for may address on Google Maps it took me about a block east of where my office is located.  Now, this might not seem like such a big deal...but it was, and let me tell you why. The photos that went with the location showed a vacant field...yikes.  I am in the newest and brightest and best neighborhood shopping center in the entire Hemet - San Jacinto Valley, CA.  And when people look for directions, they find a vacant field...no way.So, I stumbled and played around a bit...not exactly what happened, but it happened.  I now have my pointer smack in the middle of the retail shopping center my business calls home...right where it belongs!Unfortunately for me, I didn't have access to the video that Google has on YouTube explaining exactly how to...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
I have been busy working on a series of detailed marketing report for real estate transactions that have closed escrow in San Jacinto, CA.  My reports have typically been words...I look at the data and see what I think is important and not being reported elsewhere.  I have tried to make the reports as interesting as possible - but they have been just words...and lets face it, no one can make raw data very interesting, for very long.So, I have been playing around in Microsoft Excel and the chart function. While my typical report gets into great detail about each segment of the market, I have not been able to build a chart that easily explains the information I am trying to convey, in a clear, concise manner. Hoverer, looking at specific elements of the San Jactino real estate market I ha...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
market report:  San Jacinto CA  |  7/21/2009 - 8/20/2009  |  CONVENTIONAL Sales and The Market During the period between July 21st, 2009 and August 20th, 2009 there were 126 Single Family Residential Homes that closed escrow.  My previous report in this series, market report UPDATE - San Jacinto CA Real Estate Data detailed the specifics of the market in overall terms.  This segment of the San Jacinto Real Estate Market Report will look exclusively at the 21 of the 126 homes that closed escrow that were bought with CONVENTIONAL FINANCING- representing 16.67% of the entire market.This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself.  There are, of course, no guarantees to its accuracy.This report cov...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
The Hemet - San Jacinto, CA real estate market has remained flat as the summer buying season came to an end. This report wants to look back from the period covering August 21st through September 20th, 2009. In particular we will look exclusively at the impact that bank owned homes have had on the market and how each of the four dominant finance types have an effect on the bank owned real estate transactions.The four finance types, of course, are:  Cash, Conventional - typically requiring 25% cash down by the borrower / investor, FHA which is predominately the first time home buyer market and requires a 3.5% down payment by the borrower and finally the VA Loan which limits the borrower from spending any more that $1 out of pocket for the home...including closing costs (which are often fi...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Do You Have a Cell Phone?  Please Be CarefulI received a warning message from the local San Jacinto Chamber of Commerce.  It was not clear if this incident that is being reported actually happened here in San Jacinto, CA or elsewhere.  The information was posted as a warning to be careful with your cell phone. Apparently a woman had her purse stolen and inside the purse was her cell phone along with her wallet that included all of her identification and credit cards.It took about 20 minutes for her to report the incident to the police.  When she was finished, thinking she had done the right thing, she called her husband, from a pay phone."Hubby" as he was labeled in the woman's cell phone asked why she was calling, that he had replied to her text with the PIN number for both the cards.....
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Do You Have a GPS?  Please Be CarefulI received a warning message from the local San Jacinto Chamber of Commerce.  It was not clear if this incident that is being reported actually happened here in San Jacinto, CA or elsewhere.  The information was posted as a warning to be careful with a GPS system, particularly a mobile dash mounted type.The story unfolds with a family attending a football game at the local high school and their car being broken into.  When the family returned after an exciting 4th Quarter, where the home team upset their cross-town rival in the last 2 minutes everyone was very pumped up and feeling pretty good...until they got to their car.The car had been broken into and ransacked.  Missing were a number of CD's, a few dollars in spare change, a pair of expensive su...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
market report:  San Jacinto CA  |  7/21/2009 - 8/20/2009  |  Cash Sales and The Market During the period between July 21st, 2009 and August 20th, 2009 there were 126 Single Family Residential Homes that closed escrow.  My previous report in this series, market report UPDATE - San Jacinto CA Real Estate Data detailed the specifics of the market in overall terms.  This segment of the San Jacinto Real Estate Market Report will look exclusively at the 40 of the 126 homes that closed escrow that were bought with CASH - representing  30.95% of the entire market.This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself.  There are, of course, no guarantees to its accuracy.This report covers both the 92582 and ...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
The Hemet San Jacinto, CA Real Estate Market has continued to remain flat.  It is unfortunate that I have fallen behind in my detailed market report, looking at the numbers like only I do - trying to make sense of what the numbers actually mean and how they relate to each individual buyer or seller.At the end of this report are links to several series of article that I have been publishing each month, breaking the real estate market numbers down for San Jacinto CA  This is a very complex process that takes hours...and even days to compile.On the other hand, I have recently subscribed to a service that give very complex reports, based on the most recent 7 days of market activity.  An example of one of these reports can be found by reading market report: Free Detailed Market Report for He...
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By John Occhi, ePRO, Five Star Certified, Riverside Cnty REO Expert, 951.443.6259
(Excellence in Real Estate Tm @ Allison James Estates & Homes)
It is true that the Active Listings in the MLS are dominated by Short Sales listings these days and on the surface they appear to be some really great deals.  However, just like your Highs School Prom Queen, looks can be deceiving (my apologies to all the H.S. Prom Queens who read this...and their Kings...and the rest of the Court, as well). Short Sale homes are typically are a better buying decision for an investor looking for investment property than for a first time homebuyer.  It still continues to amaze me when a first time homebuyer that is in a rush to move will ask me if I know "How to Buy a Short Sale House for Sale in San Jacinto?"Short Sale homes typically will be occupied by the owner - but not always.  Today, more investors are trying to liquidate their investment propertie...
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By John Occhi, ePRO, Five Star Certified, Riverside Cnty REO Expert, 951.443.6259
(Excellence in Real Estate Tm @ Allison James Estates & Homes)
Today I reached a fairly amazing milestone in my blogging history - I posted my 500th blog post to my first and primary blog on ActiveRain.I have lived in Hemet, since 1998 and just moved 5 miles north in the Hemet - San Jacinto Valley in July of this year, from the unincorporated rural area known as Valle Vista into a tract home in the city of San Jacinto.Two months earlier, I moved my office from my home into a retail center, the San Jacinto Retail Center, anchored by Fresh and Easy, Jack in the Box, The Bull Pen Sports Bar & Restaurant as well as my next door neighbor, STARBUCKS.  The San Jacinto Retail Center is right on the border with Hemet, at the north east corner of Esplanade and Sanderson.My plan is to build my internet presence for both cities; whereas in the past over 90% of...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
In the heart of the city of San Jacitno is a small park that I have wizzed by hundreds of times since I have lived in the Hemet - San Jacinto Valley in the South West Riverside County region of the Inland Empire in Southern California.Evan as a veteran, I never really paid that much attention to it - it is a pretty small park and right in the heart of the old town portion of the City of San Jacinto. Today, I was meeting a client in the area - and she got caught up in traffic - running about a half hour late.  So, I parked and walked around the park.  I was in awe at the beauty and solace of the place - it really is a fitting tribute to our Veterans and Active Duty Armed Forces.I myself served in the U.S. Army, from 1971 to 1981 and got out as a Staff Seargeant - E6.  6 of these 10 years...
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
I was surfing around and think I found the next real estate video that will be taking off viral - you have got to see this - just be prepared for your sides to hurt from laughing so hard - it is hilarious. This Video highlights the problems with buying a bank owned home in the current market - take a moment and enyoy the laugh...just don't get mad at me just because I am an REO Listing Agent    
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By John Occhi, SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
(Mason Real Estate)
Ok, let me start off by saying that I am an REO Listing Agent in the Hemet - San Jacinto Valley in Southern California - right at ground zero for the current housing crises.  I have been working with the banks since 2006...so please believe what I am about to share and believe that I have some clue as to what I am talking about.The real estate market has been driven by consumers wanting to get in on the government action and take advantage of the $8,000 tax credit that has been the subject of many discussions for months and everything you ever wanted to know about the topic has already been published - so I'm not even going there today.TODAY IS ABOUT URGENCYThe one detail about the first time homebuyer tax credit is that it is currently scheduled to expire and only be effective for home...
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