Long Beach Concerts and Summer Places to Go

The Long Beach Municipal is in its 108th season; Long Beach is one of the few cities which has its own municipal band!

Concerts
June 27 - August 4. Concerts begin at 6:30 p.m. Free. No concert July 4.
Tuesdays: June 27 & July 11 @ Whaley Park, July 18 & 25 @ Bluff Park, August 1 @ Veterans Park
Wednesday: June 28 - August 2 – Los Cerritos Park
Thursdays: June 29 - August 3 – Marine Stadium
Fridays: June 30 – August 4 – El Dorado Park West

See the concert information for the summer.



Visit the Historic Ranchos:

Based on early adobes located on what were the early land grants from Mexico, these became part of one family's history in the area.  They are now owned by the city of Long Beach. They are great family places to visit, with docent tours, children activities and arts programs.

Rancho Los Alamitos
Rancho Los Cerritos


Visit Aquarium of the Pacific  - In downtown Long Beach for family fun -- tours, animal encounters, and educational activities of all types for everyone.


Harbor Breeze Cruises - https://www.facebook.com/cadinnercruises/ and https://www.facebook.com/harborbreezecorp/.  Daily boat trips out of Long Beach Harbor that offer many opportunities for marine life watching!

Find more places to visit at http://www.juliahuntsman.com/beach_cities_links.html

What About Holding an Open House in a Tenant-Occupied Property?

When a landlord decides he/she is selling a tenant-occupied property, there are certain requirements on both parties. The landlord has the right to sell the property and find a prospective purchaser

under normal and customary market conditions of the area, and that usually includes open houses and prospective buyer visits to the property with proper notice. Tenants are understandably not anxious to participate in the selling process, but landlords and their REALTORS have certain tools for handling the situation.

The law permits a landlord to hold open house, since a 2013 decision in Dromy v. Lukovsky which allows open houses on weekends with "reasonable" notice.  This case said that there should be no more than two a month, and 10 days advance notice should be given to the tenant.  The tenant may propose alternate days within 48 hours of receipt, which the landlord should consider.  The judge in the above case approved an open house on either a Saturday or a Sunday from 1:00 pm to 4:30 pm.  The agent must be present, and the tenant may be present.

If a tenant is not cooperative with these terms, a landlord should try writing a letter (REALTORS have sample forms also) explaining possible eviction, costs and attorneys fees and a possibly a negative credit report entry from the entire process.

Another method is to provide a 3-day notice to quit (check with your REALTOR).  The landlord may have to consider eviction if neither of these work.

However, many tenants do see it in their own best interest to cooperate because an income property may be sold to another investor who would like to retain good tenants.

For more specific information on this issue, please contact me via email on best procedures to follow when listing your income property with tenants.
Lic #01188996

Sales in Los Angeles County: Prices Still Continuing Upward in 2017

The median price of an existing, single-family detached Los Angeles County home rose in April 2017 to $595,000 from $570,000 in March. The March 2016 median price was $542,000.  All data comes from CoreLogic. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

The median price of an existing, single-family detached Los Angeles County home rose in April 2017 to $595,000.

But while prices are going up in the County as a whole, sales volume has decreased in the Spring:
the number of single family homes sold in April 2017 was 4,524; in March, 2017 it was 6,051; in March 2016 homes sold was 6,329.  This is a lower but similar sales volume compared to the same time last year.

The 2017 sales volume for Orange County is a similar picture, but with much lower sales numbers: total SFR sales thus far are 1772 and 2469 for April and March, respectively, with median price at $745,000 for both months.

Less inventory means much more competition for buyers in Long Beach.  In the past month, the lower price range under $500,000 sells on average in 25 days on average (overbidding and multiple offers is common), while properties in the $1,000,000-plus range are on the market for 62 days on average.

While housing prices continue upward, housing affordability in California is increasingly a topic of concern.  Another indication of housing prices is that investors are buying fewer single family and multi-family properties.  California Association of Realtors 2016 California Investor Survey found 10 percent of real estate investors purchased more of the other types of properties, such as commercial, land, and mobile homes, in the past year compared to previous years.

Lack of inventory continues, especially in Southern California, and is still an issue for sellers who want to move on--but for those moving out of the area, or for those who have all cash for a purchase, the ability to move on may be much easier, and would bring more housing inventory onto the local market for sale. From that standpoint, it's a good time to sell while interest rates are still low. 

Please contact me for a customized report on home value for your property! And while most people are little uncertain about them, reverse mortgages as a new purchase can be a good purchase tool for the right buyer 62 and over.
 (See the 2016 post on this:  https://longbeachrealestate.blogspot.com/2016/04/sales-volume-in-los-angeles-county-is.html)