Ed Bailey cell - 559-313-1081, toll-free 888-683-5193  
   
   

 

Yosemite Gatewqay Properties and Lifestyles

January 2012

Sixth Anniversary Edition

 

An Excerpt from our First Edition in January 2006

What’s Happening in our Mountain Property Market

 

2005 was a great year for our local Real Estate market. There were 637 residential property sales totaling $237,938,721.  Prices ranged from $40,000 to $2,275,000.  The median selling price was $349,000.  On December 31, there were 298 residential property listings in the area ranging in price from $$110,000 to $6,400,900.

 

OAKHURST AREA HOUSING MARKET REPORT

JANUARY 1, 2012

 (Includes Oakhurst, Coarsegold, Bass Lake, North Fork, ONeals, Wawona, Yosemite National Park, O’Neals, Ahwahnee,

Raymond, Wishon, and Eastern Mariposa County,

Single Family Home Sales for the Most Recent One Month, Three Months, and Six Months Periods, and Year to Date

Ending December 31, 2011

Compiled from MLS Records by Ed Bailey, GRI, MS, Broker Lic. #01479711, Ed Bailey Realty

Happy

New Year

1

Homes Sold

Last Year

2

Homes

Sold

This Year

3

+/-

from year ago

4

+/-

from last month

Average

(median)

7

+/-

from year ago

8

+/-

 From Last Month

Average

(mean)

11

+/-

from year ago

12

Pending Sales at end of month

5

price Last

Year

6

price

This

Year

9

Price Last

Year

10

Price This Year

July

24

45

+87

+15

258,000

190,000

+4

+4

272,733

203,189

-25

Aug

28

49

+75

-9

193,950

175,000

-1

-1

206,266

209,084

+1

61

Sept

30

41

+37

-20

175,000

172,000

-8

-8

383,924

205,936

-2

72

Oct

37

33

-11

-51

225,000

190,000

-16

+10

253,018

233,268

-8

68

Nov

32

41

+86

+24

154,750

159,000

+3

-16

169,898

191,496

+13

55

Dec

42

38

-10

-7

177,500

151,000

-15

-15

223,935

250,976

-8

49

3 mo

Oct-Dec

111

112

+1

NA

176,500

159,500

-10

NA

218,051

208,164

-5

NA

6 mo

Jul-Dec

193

247

+28

NA

202,450

175,000

-14

NA

249,446

206,548

-17

NA

Y.T.D.

Jan-Dec

427

480

+12

NA

204,000

175,000

-14

NA

245,564

206,537

-19

NA

The good news is that we are selling more homes; up 12% above 2010.

The number of pending sales is down 11% from the previous month.

Following are some annual figures for the past few years

Year

Number of Homes Sold

% Change from Last Month

Median Purchase Price

% Change from Last Month

2007

334

$342,475

-7

2008

324

-3

$280,000

-18

2009

489

+51

$210,000

-25

2010

427

-13

$204,000

-3

2011

480

+12

$175,000

-14

.

Total dollar volume for 2011 was $98,931,093, down 6% from $104,856,023 in 2010

Disclaimer:  MLS records are presumed to be accurate, but not guaranteed

House for Rent

42163 Wild Stallion Way

Yosemite Lakes Park

$1050 per month

3 Bedroom/ 2 bath

  • Large Great Room
  • Gas Range
  • Gas Water Heater
  • Tile Floors in Kitchen, Dining Area, Laundry and Baths
  • Ceiling Fans in All rooms
  • Large Raised Patio with Pavers
  • Snow Cap Views
  • 2-car Garage
  • 2 Eating Bars
  • Dishwasher
  • Inside Laundry Room
  • Walk-In Closets
  • Gas/Electric Heat & Air Conditioner
  • Storage Building
  • Kids Play Structure
  • Large Lot

Call Owner at 559-642-3368

 

View Newsletter Archive

 

Ed Note

Fraud Alert: DRE issues consumer advice
The California Department of Real Estate recently issued the following practical advice to prevent consumers from falling victim to a scam:

  • Never pay an upfront fee for loan modification services. Such fees are illegal.
  • Watch out for promises of guaranteed success. No one can promise that a loan modification will be successful.
  • Ask questions, get referrals from people you know and trust, and always remember the following: If it seems too good to be true, it probably is not true.
  • Contact a HUD-approved counseling agency that can provide loan modification services for free.
  • If you have been a victim of a loan modification scam, report it to the DRE, the FTC and the Attorney General.

To find a GRI agent in your area click below

and enter the name of the town, or community

Provided by California Association of Realtors

Consumer alert: Tips to avoid mortgage modification scams

Don’t fall victim to unscrupulous con artists trying to take advantage of unknowing, financially troubled home owners. These scammers usually promise mortgage loan modifications or reduced monthly payments for upfront fees. In most case, charging upfront fees or payments for these services is illegal.

According to the Federal Trade Commission, these offenders review foreclosure notices in newspapers, the Internet and public files to identify potential victims. Scammers who place ads online, on television, and in newspapers claiming to “stop foreclosure now” and offering “money back guarantees” are suspect and should be reviewed cautiously by the homeowner.

For tips to avoid mortgage modification scams, visit here.

Some Quick Property Look-Ups

Click the following URL to see the Listings of homes priced at $1,000,000 or more:
http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96235239-801

Click the following URL to see the Bank Owned Listings:
http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96235239-801

Click the following URL to see the Short Sale Listings:
http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96235875-126

Click the following URL to see the Horse Property Listings:
http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96236752-205  

Click the folling link to 5 listings priced at $60.00 or less per square foot.  http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96237255-91

Call me for more information at 559-676-2424 or 888-683-5193

Select Home Listings

Charming Country Home South of Coarsegold

$249,000

Near the casino, but away from the casino traffic. This is a beautiful 2,897 sq. ft., four bedroom, three bath country home with a master plus two bedrooms, and two baths downstairs. The second floor is a genuine treasure. It is approximately 800 square feet roomy, with four skylights, and serves as a second master bedroom, office, art room, extra storage, and/or ????

Click the following URL to see the Listing:
http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96214945-636

 www.EdBaileyRealty.com  559-676-2424

****************************************************************************

Spacious 2/2, on 7.47 Acres Near Bass Lake

$375,000

This is a charming 2 bedroom, 2 bath home on 7.47 Lush acres on Nelder Creek, for relaxing, rushing water sound. Outbuildings include a two bedroom / 1 bath guest house, a 12' X 14' office, and a large 16' X 36' workshop with garage doors. Just five minutes from Bass Lake, and only minutes from Yosemite National Park, Sierra National Forests, and convenient shopping in Oakhurst. Lots of rock work, rock outcroppings, and a great, partially covered, patio with built in barbecue and outdoor fireplace. Gated entrance. This is truly a one-of-a-kind treasure. Seller financing available. Section 1 termite work done, two new septic tanks installed, well tests completed with good report, and property lines flagged.

Click the following URL to see the Listing:
http://www.mrmlsmatrix.com/DE.asp?k=1510714XO4B9&p=DE-96215000-439

Call 676-2424 or (888)683-5193

Bargain Home of the Month

3/3, 2200+ sq. ft. Home in Oakhurst

$195,900



This is an amazing property that you just need to see to take it all in. You enter into the living room on the middle level of the home which also features formal dining room and kitchen. Upstairs you will find the 3 bedrooms and 2 of the bathrooms, master suite leads out onto back wood deck. Downstairs from the middle level you have Family room, den or office, 2 walk-in closets so this could also be a 4th bedroom and another bathroom. There is also another room downstairs that could be used as an art studio, office space or you decide? Plenty of parking with detached 3 car garage, paved RV parking and carport space with work area for the hobby enthusiast. Don’t miss out this, charming home has features that are sure to please everyone in the family. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

Call (559)676-2424 or (888)683-5193

 

Featured Office Listings************

Featured Office Listings

Houses

42372 ROAD 222, OAKHURST, CA 93644

$375,000
2 Bedrooms
2 Bathrooms + 2/1 Guest House &10 X12 Office
1,839 Est. Sq. Ft.

Virtual Tour http://42372rd222.epropertysites.com/

Photo Tour (29)

Seller Financing Available

Listing # YG4201045

32369 SUNSET RIDGE ROAD, COARSEGOLD, CA 93614

$249,000
4 Bedrooms
2 Bathrooms
2,897 Est. Sq. Ft.

Virtual Tour

http://32369sunsetridgeroad.epropertysites.com

Photo Tour (25)

Listing # YG11142855

35760 DOUGLAS TRAIL, COARSEGOLD, CA 93614

$125,000
2 Bedrooms
2 Bathrooms
1,100 Est. Sq. Ft.

Virtual Tour http://35760douglastrail.epropertysites.com/

Photo Tour (28)

Listing # YG4200560

Mobile Home in Park

39737 ROAD 274, BASS LAKE, CA 93604

$89,900
3 Bedrooms
2 Bathrooms
1,680 Est. Sq. Ft.

Virtual Tour http://39737rd274.epropertysites.com/

Photo Tour (24)

Seller Financing Available

Listing # YG4201042

********************************************************************

Want to see a special look-up?

Would you like to see the current listings in a specific range, i.e. $270,000 to $300,000, and/or a specific zip code – or ?????? It’s easy. Just send an e-mail request to edbailey@sti.net and I will do the search and send you a link to the listings.  It’s FREE.




Did You Know?

The Oakhurst Area Chamber of Commerce web site gets more than 3000 hits per day! If you’re in business and you’re not on the Chamber web site, you should be there. Become a member today. Call 559-683-7766 for more information

************************************************

What’s Happening

For a unique experience visit the Queen’s Inn and Idle Hour Winery in the heart of Oakhurst.  It’s a Mountain Treasure

http://www.queensinn.com/

http://idlehourwinery.com/

The Wild Wonderful King Vintage Museum in Oakhurst is one of the area’s Mountain Treasures.  Click on the link and have a look.

http://kingvintagemuseum.org/

The Community Meal project at New Community United Methodist Church serves about a hundred free meals every Wednesday at 5:30 PM. Everyone who comes through the door is welcome to share. Volunteers also are welcome. Call (559)683-2652

You can find out how much your home is worth for FREE without giving your life story to a national internet based “lead generator” company from out of state, who will sell your contact information to a local REALTOR®. Get much more accurate information from a local trusted expert who knows the local market. I will be happy to do it for you, with no cost, obligation or commitment on your part. Find out what homes similar to yours have recently sold for, what sellers are asking for similar homes on the current market (competition), and asking prices For other listings, including those that have expired without selling. Just go to: http://www.Ed4Real.com/sellers.html and fill in information, or give me a call. (559)676-2424

You can rent the community room at Yosemite Gateway Association of REALTORS® (YGAOR) for your social or business events? The room seats 50 comfortably at tables. For more information call Julie at 559-683-2650

You can get a FREE list of the current Bank owned and short sale offerings by sending an e-mail request to edbailey@sti.net or calling (559)676-2424

The Yosemite Gateway Association of REALTORS® (YAGOR)http://www.ygaor.com/

Will take you to quick links to search for property, find local REALTORS®, Get local weather, the Sierra Star, Madera County Property Records, the National Park Service, and five area Chambers of Commerce. You can click on “REALTORS” and look up your favorite realtor’s phone numbers, FAX numbers and e-mail addresses.

You can check on the license status, including disciplinary action if any, of anyone holding a Real Estate Salesperson License or Real Estate Broker License in California. Just click on this icon and follow instructions.

There is a “One Dollar” Isle at the True Value Home Center in Oakhurst with lots of good stuff. Check it out.

You can get top quality Voice Lessons, or Beginning Piano Lessons in Oakhurst. UCLA educated teacher, 25 years experience, with great references. Call Sheila at 642-4329

You can look up Madera County official property records?

Find out what the zoning is on your property and what it means. Just click on http://63.192.182.23/parcelview/pv_blank.aspx?g= and enter the address or Assessor’s Parcel Number. Call me if you need help with this one - 559-676-2424

Share with Us

Do you have a question about our Oakhurst area? Do you have a real estate question?

Do you have a suggestion for additional features in this newsletter? Send me your thoughts and your ideas: edbailey@sti.net

 

Ed Bailey Realty

Post Office Box 308
Oakhurst, CA 9364-0308

Copyright 2012, Ed Bailey.