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Downey - Latino Beverly Hills

by Southern Californias Top Producing Mother & Son Te


                                                              

We wanted to share a recent article in the Los Angeles Times. It describes something we already know, Downey is booming!  We are experts in Downey and our presence there is daily, We even have a billboard there.  Our family, friends and clients are in Downey.  Trendy restaurants, new businesses have all contributed to the influx. New homes with column entries, wrought iron/glass front doors and tiled roofs add to the attraction.  We have clients from the budget minded to the extravagant consumer.  Let us know if you are ready to make the move.  Enjoy the article.

http://www.latimes.com/local/la-me-downey-latinos-20150805-story.html#page=1        

City of Downey Salsa Dancing Event

by Southern Californias Top Producing Mother & Son Te

The City of Downey is having a free Rooftop concert event. The date is Wednesday, October 22, 2014. The event is called Havana Nights.   What a great way to actually see this beautiful city and its skyline. It will bring together the community for a celebration of live music, entertainment, and food.  There will be a live performance by La Charanga Cubana 10-Piece Band & Salsa Dance Show.   Professional dancers will be there for salsa lessons as well.  Food will be sold by the legendary Porto’s Bakery.  The location is on the top level of the public parking structure on the corner of New Street & 2nd Street (adjacent to the Krikorian Theatre). The rooftop opens at 6:30PM with the event starting @ 7:00PM. No pets are allowed.  Please contact the city Parks and Recreation department at (562)904-7238 or visit www.downeyca.org/cals/default.asp for more information.

Video Review: Downey Gateway - "Things To Do In Downey, CA"

by Southern Californias Top Producing Mother & Son Te

I know we wrote about this place a couple of blog posts earlier but we wanted to give a live experience of the place (Downey Gateway) because it's the newest place in Downey to hang out and grab a bite.  There's actually a Cross Fit in the same complex so you can get your work out on before stuffing your face with all the good food there is to offer.  One of the places that I'm most excited about was "Fresh Cutt Carving Grill."  The menu concept is practically identical to Chipotle's but it's take to a whole other level offering not only a choice of Burrito, Tacos, or a bowl, but even Pizza, wraps, paninis and a few other options.  That is definitely a go-to place.  Unfortunately we didn't go there to eat this time.  We went to Waba grill witch was actually also pretty good.  Enjoy the video and if you're thinking about buying or selling your home in Downey, CA, you know who to call!  (562) 883-1003.  

Downey Gateway is NOW OPEN!

by Southern Californias Top Producing Mother & Son Te


Being active and always out and about in the Downey area on our listing appointments, showing property and passing out marketing material, we’ve always wondered when the Downey Gateway  was going to finally be complete.  It was at times a major bummer seeing the Yogurtland sign on those hot days when we were doing an open house and not being able to go and get a cold treat as it was still under construction.  We are happy to say that the Downey Gateway is now officially open just in time for summer.  Yogurtland, Round Table Pizza, Waba Grill, Pacific Fish Grill, Subway, Starfish Sushi, Burger City Grill, Noodle World, and the one I’m particularly excited to try, Fresh Cutt Carving Grill are pretty much up and running now aside from Starfish Sushi and Noodle World. 

We encourage you to go and check it out.  In the next week or 2 stay tuned to our blog because we are going to take our camera there to give you a better look at this great new addition to Downey!  This really is going to be something that unifies Downey.   People always need to eat and what better way to unify a city than to have all these wonderful places to lounge and eat, not to mention the amazing Porto’s Café and bakery right across the street.  It doesn’t get much better than this!

Things to Do in Downey, CA-Porto's Cafe & Bakery

by Southern Californias Top Producing Mother & Son Te

This is a new video series that we started!  "Things To Do In:"  We're going to be checking out local hot spots in different cities surounding Downey, CA including Long Beach, Lakewood, Whittier, Norwalk, La Mirada, and some areas of north Orange County including Huntington Beach, Westminster, Los Alamitos and many other cities in the surrouing area.  This week we are showing you a great Cuban Bakery called Portos in Downey.  Check out the video and you will see just how good this place is.

Survey finds most agents see home prices will either stay the same or increase

by Southern Californias Top Producing Mother & Son Te

One of the best ways to tell how the real estate market is going to perform in the near future is to go directly to those that sell real estate.  Active Real Estate agents are seeing first hand what is going on with home values in their local market area.  

Below is an article we found on HomeGain.com that shows the results of a survey that was given to realtors across the United States.  We thought you would find this interesting and may help you make a decision to buy a home in this buyers market....

December 10, 2009

HomeGain Releases Results of Fourth Quarter Realtor® Home Prices Survey

Realtors express their views on the direction of home prices in 2010; First time home buyers tax credit spurs sales; 56% of Realtors disapprove of Obama's performance as President

Emeryville, CA - December 10, 2009 - HomeGain, the first website to provide free instant home values, today announced the results of its fourth quarter Home Prices Survey of Realtors® based on the responses of 928 U.S. real estate agents and brokers across the United States.

The fourth quarter survey shows that 72 percent of Realtors think home prices will either stay the same (48 percent) or increase (24 percent) in the next six months. HomeGain's third quarter survey reported that 69 percent of Realtors thought home prices would stay the same (46 percent) or increase (23 percent) versus 47 percent of Realtors who thought home prices would stay the same (36 percent) or increase (11 percent) in the first quarter survey.

Twenty one percent of Realtors surveyed said more than half of their transactions in the past three months involved a first time home buyer. Only 11 percent of Realtors surveyed said that none of their transactions involved a first time homebuyer.

According to the fourth quarter survey, 41 percent of homeowners believe that their homes should be listed 10 to 20 percent higher than what their Realtors' recommend, up from 38 percent of homeowners who believed so in the third quarter and 36 percent who believed so in the in the second quarter.

Seventy-six percent of home sellers believe that their homes are worth more than their Realtors' recommended listing price, up from 74 percent in the third quarter survey and 71 percent in the second quarter survey.

Conversely, 62 percent of home buyers think that homes are overpriced, down from 64 percent in the third quarter and up from 59 percent of home buyers who thought homes were overpriced in the first quarter.

"The fourth quarter HomeGain Home Prices Survey of Realtors shows that Realtors believe that the first time home buyers tax credit has driven sales and stabilized home prices, for now. Realtors, however, expressed concerns about the cost of the credit to tax payers and whether sales will continue once the credit expires later next year and additional inventory hits the market," stated Louis Cammarosano, General Manager at HomeGain. "The vast majority of Realtors expect prices to remain the same or increase in the first six months of 2010."

Forty-two percent of Realtors surveyed indicated approval of Barack Obama's performance as President, unchanged from the third quarter and down from 57 percent in the second quarter. Thirty eight percent of surveyed respondents 'strongly disapprove' of the President's performance and 18 percent 'somewhat disapprove', earning the President a 58 percent disapproval rating. The President fared slightly better in the nationwide Rasmussen Daily Presidential Approval Index taken during the same period as the HomeGain survey, with his approval rating hovering in the 46-47 percentage range.

Real estate agent survey respondent commentary included:

  • "The homebuyer tax credit has helped, but where are the jobs from that huge tax burden so-called the stimulus bill? We need the jobs more than anything else to help the economy and housing market rebound," noted Joe McAoy of Virginia Commonwealth Realty.
  • "Buyers think prices are still heading down, while sellers think prices are now heading up. It's our job to bring them together."
  • "I commend the President for the work he has done to help America's economy get back on solid ground. I feel that the tax incentives have dramatically helped the housing market." The fourth quarter HomeGain Home Prices Survey of Realtors was conducted from December 1-5, 2009.

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113