Real Estate is on Fire in Brea, CA

Helpful Tips For Home Buyers          Helpful Tips For Home Sellers

Brea has been on fire and it doesn’t look like it will be stopping anytime. All indicators are up. There has been an increase of homes for sale, homes in escrow and homes that have sold. As long as there is a shortage number of homes for sale the demand will push up home prices. It seems like it will be a record year for Brea. It is time to sell Brea properties.

As potentially the brightest sun in the current economic recovery, housing  activity has followed the mercury higher this summer. Interest rates and new construction activity have been in the spotlight lately, fueled by concerns over tapering Federal Reserve activity and ongoing inventory constraints. Watch for indications that more homes are selling in less time and at higher price points. Also watch for sellers returning to an inviting marketplace, which will help replenish neighborhoods with new listings.

  • New Listings were up 62.1 percent for detached homes and increased  an astounding 250 percent for attached properties.
  • Pending Sales (homes in escrow) increased 54.2 percent for single family homes and 75 percent for townhouse-condo properties.
  • The Median Sales Price was  up 20.2 percent to $620,000 for detached homes and up 14 percent to $345,000 for attached properties.
  • Months Supply of  Inventory (total available homes for sale) decreased 60.5 percent for single-family units and 17.6 percent for townhouse-condo units.

The economy – which generates the jobs that fuel housing demand – continued to improve at a moderate pace during the second quarter of 2013. Budget sequesters and sluggish export growth have taken a back seat to housing recovery and stronger consumer spending. Interest rates could flirt with 4.0 percent again but are not likely to reach 3.3 percent again.

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Diego Tell Me More, I’m looking to Buy or Sell Real Estate

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Brea Homes For Sale

(Contact me if you are searching for a specific property or property type)

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Gyu-Kaku Japanese BBQ Dining Opening in Brea

Gyu-Kaku Japanese BBQ DiningA new restaurant will be opening soon in Brea Downtown. Gyu-Kaku, a japanese BBQ dining experience will be opening it doors at the old location of Carnitas Grill on the corner of Brea Blvd. and E. Ash St. in Brea Downtown.

Gyu-Kaku is currently hiring for positions within their team. Please send resumes to stygrace11@gmail.com.

Can’t wait to try out and review this restaurant!

 

Gyu-Kaku Japanese BBQ Now Hiring

Gyu-Kaku Brea Downtown

Brea Real Estate Thriving as a Result of Short Inventory

According to a recent report by Scott Schang on www.car.org, the California real estate industry maintained significant momentum throughout 2012, but the diminished inventory created something of a frenzy in demand. The California Association of REALTORS® (C.A.R.) reported a supply of available of homes at slightly more than three months, less than half the normal average which typically sits at around seven months. This three-month supply was also the smallest inventory since the late summer of 2005. Supply downturns occurred in virtually every category of home but was particularly marked for homes with troubled loans. Two key metrics paint a busy picture:

  • Short sales and bank-owned properties decreased in number 42% and 58%, respectively, compared to October 2011
  • Equity sales decreased 15% from 2011

Such low inventory sparked furious changes in demand, as more properties sold above list. In fact, the number of houses which sold above asking price surged to over 33%, which was more than double the average rate of 15% over the past two decades. Buyers also paid more than asking at a greater clip in 2012 than they did in 2005, when the real estate industry was at the top of its bubble. More than a third of all bank-owned properties were also purchased at an amount above list, while over 30% of short sales fell into this category. Comparatively, only 19% of equity sales resulted in a greater-than-asking purchase price.

Such competition also meant that homes remained available for a much briefer period of time. In 2012, houses averaged about five weeks on the multiple listing service (MLS). Just a year prior, the average time on MLS was twice that. Five weeks is also the shortest average listing time on MLS since the peak of 2005.And the shortage of available homes is not expected to end anytime soon.

This year should be another of Brea real estate, and that in Fullerton, receiving multiple offers above list price. All the more reason you should align yourself with an experienced real estate broker who can move as quickly as the marketplace. I know which Brea homes are for sale and those that might be coming up for sale. Call me today in order to begin your search.

22nd Annual Brea 8K Classic – This Sunday

Brea 8k Classic Marathon
Photo courtesy of Amy Katz

The 22nd Annual Brea 8k Classic is this Sunday February 24th. This is a fun mini marathon that anyone can run. It can be fun for the whole family. I have ran the Brea 8k in past years and it was a big enjoyment. There were professionals there who blazed through and actually ran the marathon several times, they kept lapping me. And there were those that had to walk because of a past condition. Mothers brought their babies in strollers and some walked their pets.

Last year a new route was introduces as well as chip timing. This year will be no different. Registration seems like it will be higher this year than last.

The Brea 8k Classic supports various Brea Olinda High School programs that will receive funds from the race.  The Academic Booster Club, programs like Speech and Debate and Academic Decathlon will benefit, as will graduating seniors receiving scholarships. On the arts side, the high school instrumental program and, for the first time, vocal music program will receive a portion of the proceeds. Also for the first time, the BOHS Global IT Academy is taking an active role and will benefit from the race. The goal is to raise at least $50,000 for Brea Olinda High School programs.

22nd Annual Brea 8K Classic

When: Feb. 24; 6:30 a.m. late registration and packet pick up, 8 a.m. Brea 8K Classic, 9:15 a.m. Kids’ 1K Fun Run, 10 a.m. awards

Location: East Birch Street and Brea Mall Road

Features: Chip-timing, course on the streets of Brea, 1K Fun Run for children 10 and under

Cost: $30 adults, $25 students 18 and under, $12 Kids Fun Run

It’s not too late to register. Even though online and in person registration is closed, you can register on race morning starting at 6:30AM behind Olive Garden at the Brea Mall! Cash and checks only.

All in all, it’s a great way to start running and spend a Sunday morning. Believe me, you’ll feel great when you’re done. To me it was a great accomplishment. I’m skipping this year but I’ll be back!

Current Homes for Sale in Brea

To See Homes For Sale in Other Areas Search or Customize Your Search HERE

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Celebrate with Brea and Get Great Discounts!!

Brea is Counting down to their Centennial year!

Welcome to BreaThey are having a birthday celebration in honor of Brea’s 96th Anniversary

From now until  Sunday, February 24 visit Downtown Brea and receive these fantastic deals!!
Mention Brea’s anniversary celebration to participating businesses. And you will receive the following special deals!

Dining

Berkeley Dogs
Buy one Berkeley Dog Combo for $6.95 and get a Sausage for Free, does not include specialty sandwiches or exotic sausages.

Bruxie
Complimentary Coffee to All Guests who purchase a Bruxie from 8am-10am.

Cha Cha’s Latin Kitchen
3-course Menu for $20.

Farrell’s
Lunch special, Monday – Friday, from 11am – 4pm, Guests Can Enjoy an All American Burger, Fries and a Shake for $9.99.

Fresca’s Mexican Grill
Free Appetizer with the purchase of two Fiesta Platters.

RedBrick Pizza
Pizza & Wine Combo -Medium Gourmet Pizza & Any Bottle of Wine for $20.

The Melting Pot
4-course Dinner – Plus a Select Bottle of Wine for $96 per couple. Or if not dining with The Melting Pot this week, stop by and wish Brea a Happy Birthday for a $20 Dip Certificate to use on a future visit.

Spa – Wellness

Massage Envy Spa

One free Enhancement with the purchase of any massage. Enhancements are valued up to $12 and include Aroma Therapy, Deep Muscle Therapy and our NEW sugar foot scrub.

Zen N Fit Yoga

One month membership at $96.

Apparel

Chicos

Get 10% Off Entire Purchase
J.Jill

Get $20 Off your Purchase of $80 or more, Shopping the New J. Jill Collection.

Kaitlyn

Get 20% Off Entire Store excluding sale items & gift cards.

Loft

35% off your Full-Priced Purchase for Teachers/Educators. Take an additional 20% off your entire purchase, when you sign up for The Love Loft Rewards Program. Get $25 for every $50 dollars spent.

SUO

Free Scarf with a $30 purchase (before tax).

Take advantage of these great deals and see you around Brea!!

Current Homes for Sale in Brea

To See Homes For Sale in Other Areas Search or Customize Your Search HERE

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Rate of Brea Homes Selling Keeps Increasing

Home Living Real Estate Sells Your HomeA renewed urgency has overtaken California real estate, particularly in Orange County and cities such as Brea. Virtually every major factor is up compared to the previous year. And the frequency of home sales in Brea, low inventory and decreased number of foreclosure sales continue to heat up the buying frenzy, which will only pick up even more speed in 2013. Record lows in interest rates and mortgage borrowing promise to keep a surging California real estate market soaring in the new year. Such attractive rates will not only spur new inventory to be placed on the market but also invite more buyers and sellers who have been waiting for signs of a revitalized real estate market before entering the fray.

And even if inventory remains low, demand shows no sign of slowing down, especially in Orange County and cities like Brea. Nationwide, it seems that home buying interest has regained momentum but California specifically seems to be growing by leaps and bounds:

  • Overall home buying has increased over 10%
  • New home sales grew by 25% compared to the previous year
  • The median price for homes has surged by nearly 12%
  • Single-family residential construction has picked up by 43% while new apartment builds have grown by 19%

Lastly, prices continue to rise and that should prompt home owners who have been holding onto inventory to place their properties on the market. This increase in supply can only motivate would-be investors waiting for a more promising outlook.

In short, considering any of the number of Brea homes for sale will be an intensive process requiring patience and in-depth research. Partnering with an informed ally will be of the utmost importance. I’m here and ready to help just as I’ve helped hundreds of other buyers looking for luxury real estate in Brea. I’m eager to get you started on your journey. Give me a call today.

City of Brea Real Estate

Personalize your search and have access to all homes for sale in the City of Brea within the Multiple Listing Service  HERE

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TAPS Brea – Battle of the Bones, Dueling Pianos

Dueling Pianos at TAPS Brea

Enjoy TAPS on a Friday Night

 

Dine at TAPS in Brea every Friday night at 9:30 starting February 22nd for our Battle of the Bones Dueling Pianos. Enjoy a special late night menu and a unique musical experience with some of the best beers Orange County has to offer.

Entrance to the Battle of the Bones, Dueling Pianos is complimentary with a dinner reservation and an entree purchase or there is a $5 cover starting at 10:00pm.

TAPS Fish House and Brewery – Experience the flavors of France, Asia and New Orleans in their daily celebration of fresh seafood, prime steaks and thick chops. Join them for lunch or dinner, or for their Sunday Brunch extravaganza. Their extensive menu choices will please any palate. Reservations are accepted, and encouraged for larger parties and weekend evenings.

 

 

 

 

The TAPS experience includes:

  • Elegant main dining room
  • Incredible lounge with 80 sq ft. TV
  • Four fireplaces
  • 21 seat oyster bar
  • Live music
  • Cigar friendly heated patio
  • Event and banquet seating for 20-500 people

TAPS is located in Brea Downtown on the corner of Imperial Highway and Brea Blvd.

101 E Imperial Hwy Brea, CA 92821
(714) 257-0101

 

 

 

Spend Valentine's Day with the Family at Farrell's Brea

Have that special Valentine plus one plus one plus one? Bring the family to Farrell’s Ice Cream Parlour in Brea Downtown on Valentine’s Day. They have a great special the whole family will love.

What better way to spend the day with the Valentine’s you love.

Valentines Special at Farrells BreaA Very Farrell’s Valentine’s With The Family

Spend Valentine’s Day with the ones you love—your family!

Bring ’em into Farrell’s on Valentine’s Day for a meal the whole tribe will LOVE. Plus you’ll love the price of $49.99* for a complete meal for a family of 4.

Price includes 1 appetizer, 2 adult entrées, 2 kid’s meals, 2 sundaes**, 2 regular drinks and 2 kid’sdrinks.

What’s that you say? Your kid’s aren’t so small anymore? Upgrade a kids meal to a regular adult meal and drink for only $5 dollars more.
*Price does not include speciality drinks or alcohol. Not valid with any other promotions, specials or offers. Substitutions, upgrades and add-ons are an additional cost. For dine-in guests only. Valid at participating Farrell’s locations.

**Your choice of any one or two scoop sundaes on the Farrell’s menu.

 

Farrell’s Ice Cream Parlour is located in Brea Downtown.

215 S Brea Blvd Brea, CA 92821
(714) 990-4386

Welcome to Enjoy Brea

Welcome to Enjoy BreaThanks for visiting Enjoy Brea! Where you will find fun things to do, great places to eat, and discounts to establishments in the city of Brea and surroundings. You’ll discover new things about Brea, new and old.

The city of Brea is a great place to live and enjoy. Find out what you can do in Brea at EnjoyBrea.com

Diego Loya is the editor in Chief of Enjoy Brea and Real Estate North Orange County – a local community blog bringing readers awesome events, fun entertainment and great deals for everything in Brea and surrounding. Enjoy Brea is a resource about Brea living.

If you have an event or great deal you’d love to share, contact us at info@enjoybrea.com.

Diego Loya is the Broker/Owner of Home Living Real Estate Brokerage. Diego advises buyers and sellers and brings them together negotiating real estate transactions. He as well as the team of Realtors are devoted to help people buy and sell Real Estate.  As a member of the community, he strives to bring out the best Brea, Fullerton and North Orange County have to offer. He enjoys discovering new happenings, writing his blogs, video, photography, new technology and of course his family.

Home Living Real Estate Brokerage is passionate about serving the community and making a difference in the lives of people throughout the Orange County and surrounding areas. Our dedication to recognize our clients individual needs and deliver results past their expectations.

Search for properties for sale in the city of Brea – HERE

The Pretty Kitty Brea $10 OFF

Enjoy BreaJust in time for Valentine’s Day. Between now and February 15th new customers The Pretty Kitty Downtown Breaget $10 off a Brazilian Wax at The Pretty Kitty located in Downtown Brea. Just check in on Yelp using your mobile device. Don’t miss out on this great offer!!

The Pretty Kitty does things differently than most waxing establishments. They use a high quality soft wax designed for sensitive skin. Using a soft wax for a full Brazilian requires skill if it is to be done well. With the proper prepping of the skin and their proprietary technique, pain is minimized, is more efficient, and more gentle than using hard wax. Brazilians are done in just 10-15 minutes.

All of Pretty Kittys’ estheticians are personally and extensively trained and must pass to company standard of performance in order to become part of The Pretty Kitty team.

The Pretty Kitty is located in Downtown Brea. 260 W Birch Street, Brea, CA 92821 

They are open Mon – Fri 10–7:30 Sat & Sun 10–5:30.

It is best to call for an appointment 714.529.PURR (7877)

 

City of Brea Real Estate

Personalize your search and have access to all homes for sale in the City of Brea and Fullerton within the Multiple Listing Service  HERE