Heather & Nancy Cloward The Cloward Team

Marina Hills Homes For Sale

Palacio Homes For Sale

Now for a quick look at some Marina Hills Stats using the MLS Data. In Marina Hills there is currently 15 “Active Listings” out of the 15 “Active Listings”, 4 of them are considered distressed properties. A distressed property would be a short sale (selling for less than what is owed) or a Bank Owned Property. In Marina Hills currently there are no Bank Owned Properties, but there are 4 Short Sales on the market. Since Jan 1st 8 properties in Marina Hills have closed “Escrow”. Two were distressed properties (1 bank owned and 1 short sale). The average sold price in Marina Hills currently is $702,750 at $310.75 per square foot. Since April 1st, 6 properties in Marina Hills have come on the market, and there are currently 7 properties in “Escrow”. With these Stats our market is not being that effected by distressed properties compared to other areas. However, we are seeing a significant increase in buyer activity as well as multiple offers again, and that’s a good thing.

# of properties that have closed escrow from 1/1 - 4/30 since 2000.

2000 - 38 closed properties @ $190.30 per sqft.

2001 - 53 closed properties @ $219.06 per sqft.

2002 - 42 closed properties @ $236.25 per sqft.

2003 - 41 closed properties @ $281.15 per sqft.

2004 - 43 closed properties @ $348.17 per sqft.

2005 - 34 closed properties @ $367.92 per sqft.

2006 - 18 closed properties @ $442.26 per sqft.

2007 - 20 closed properties @ $448.61 per sqft.

2008 - 7 closed properties @ $364.10 per sqft.

2009 - 8 closed properties @ $310.75 per sqft. plus 7 properties currently in “Escrow”

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

Housing Inventory Snapshot

We hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. Housing Inventory Snapshot April 27, 09 Average List Price Median List Price Average Days On Market Los Angeles County, CA Single Family under $600K $314,954 $299,900 119 Single Family over $600K $1,358,774 $967,000 118 Condo/Townhome under $400K $227,002 $219,800 125 Condo/Townhome over $400K $644,082 $559,900 113 Orange County, CA Single Family under $1M $581,641 $582,000 108 Single Family over $1M $2,910,290 $1,849,000 134 Condo/Townhome under $600K $302,555 $289,500 107 Condo/Townhome over $600K $1,171,960 $959,000 123 Riverside County, CA Single Family under $700K $221,847 $195,000 135 Single Family over $700K $1,110,624 $889,000 171 Condo/Townhome under $500K $145,369 $123,500 122 Condo/Townhome over $500K N/A N/A N/A San Bernardino County, CA Single Family under $700K $223,772 $185,000 127 Single Family over $700K $1,491,665 $1,100,000 168 Condo/Townhome under $450K $171,173 $169,900 114 Condo/Townhome over $450K N/A N/A N/A MORTGAGE. National Averages (April 27, 09)* 30-year fixed Rate - 4.99% APR - n/a% 15-year fixed Rate - 4.76% APR - n/a% 5/1 ARM Rate - 4.23% APR - n/a% * Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

If you know someone who is considering buying or selling a home, please give us a call. We will provide professional & courteous service along with knowledgeable guidance through the process.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

Decadent Chocolate-Chocolate Cupcakes

Serves: 8

Total time: About 45 minutes






Cupcake ingredients:

• ¾ cup all-purpose flour
• ½ cup unsweetened cocoa powder
• 1 teaspoon baking powder
• ½ cup brown sugar
• 2 egg whites
• ¼ cup applesauce
• 1/8 teaspoon ground cinnamon
• 1 teaspoon vanilla extract
• 2 teaspoons canola oil
• ½ cup skim milk
• ¼ cup semisweet chocolate chips

• 2 ounces unsweetened baking chocolate (about 2 squares)
• 1 tablespoon butter
• 1/3 cup milk
• 2 cups confectioner’s sugar
• 1 teaspoon vanilla

1. Preheat oven to 350˚F. Prepare muffin tin by lining 8 cups with paper liners.
2. In a large bowl, combine flour, cocoa, baking powder, and baking soda.
3. In a separate bowl, combine, sugar, egg whites, applesauce, cinnamon, vanilla, and canola oil. Beat the ingredients together with an electric mixer until blended (about 1 minute).
4. Gently stir in the flour mixture and milk.
5. Sprinkle in the semisweet chocolate chips.
6. Pour batter into muffin cups. Bake 22-25 minutes. To check if done, dip a toothpick in the middle of a cupcake; it should come out clean.

1. Melt the chocolate**, butter, and milk together in the microwave (about 1-2 minutes or until melted).
2. Cool until lukewarm and stir in sugar and vanilla.
3. Beat with an electric beater until thick.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

The homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009.

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com