2020 CMAR President

On November 15, 2019, Charles “Chuck” Meissner was installed as the 2020 President of the Coastal Mendocino Association of REALTORS® by California Association of REALTORS® Region IV Representative, Amanda Mills.

Two CMAR REALTORS® Receive Emeritus Awards from NAR

The Coastal Mendocino Association of REALTORS® (CMAR) recently had the privilege of presenting certificates to two local REALTORS® who were extended REALTOR® Emeritus status at the National Association of REALTORS® 2019 Legislative Meetings and Trade Expo.  The recipients of the status were Paul Clark, broker of Century 21 Fort Bragg Realty, Century 21 Seascape Realty and Mendocino Coast Property Management, Inc. and Gale Beauchamp of Gale Beauchamp Realty.  Only REALTORS® who have held membership in the National Association of REALTORS® for a cumulative period of 40 years and have completed at least one year of service to the association are eligible for this status. The honor extended to both Paul Clark and Gale Beauchamp reflect many years of long and faithful service, including a variety of efforts and activities including service on numerous committees, leadership positions as Officers and Directors of the local association and in many civic activities in communities along the Mendocino coast.

Paul Clark and Gale Beauchamp

2019 CMAR President

On November 9, 2018, Phillip Jago was installed as the 2019 President of the Coastal Mendocino Association of REALTORS® by California Association of REALTORS® Region IV Representative, Blaine Morris.

Quarterly Market Update

The Mendocino Coast Real Estate market has been steady and here are the third quarter stats:
There were 56 residences sold as reported in the MLS (multiple listing service) with a median sale price of $525,000 well up from Q2.
The average days on market (from time of listing to closing date) was 149 days with 160 active residential properties for sale as of 10/22/18.
The prices range from $239,000 to $7,500,000.
Call a Realtor today! It’s a good time to buy as interest rates are anticipated to rise 1/2 percent by the end of 2018.
Respectfully submitted by
A. B. Priceman and Turan Kilki
CMAR Public Relations Committee

California Housing Crisis Hangs in the Balance: Why Rent Control Isn’t the Answer this November and Property Tax Fairness Is

Finding appropriate housing has never been so difficult in California, given skyrocketing prices and limited inventory. And this November, voters will determine consequential outcomes for the state’s housing future.
As a licensed REALTOR®, I see these challenges firsthand every day. But empty-nesters face a particular challenge. Many seniors whose children have grown and gone have a desire to downsize, to sell their three or four bedroom home and relocate closer to family members. But they know that if they do, they’ll pay a moving penalty in the form of drastically higher property taxes. It’s the kind of tax sticker shock that keeps these homeowners right where they are. And in turn, that keeps a vise on California’s housing supply, with fewer single family homes going on the market. That is neither fair nor wise.
This November, California voters can move decisively to help solve both of these problems by voting yes on Proposition 5, the Property Tax Fairness Initiative.
Proposition 5 would protect those 55 years of age and older by providing them the opportunity to take their property tax protections with them when they move. That means providing the flexibility to move to a more suitable, practical home, or to a home that’s closer to children and grandchildren. Seniors aren’t the only ones who would be helped. That same protection would be extended to the severely disabled and to victims of natural disasters. In a year when wildfires have devastated large portions of California’s rural and urban landscape and caused widespread housing losses, this kind of change makes even more sense. Proposition 5 would also replace an inconsistent patchwork of confusing rules about property tax protections that vary from county to county throughout the state.
There are also other competing measures on the ballot this November, like Proposition 10, the so-called “Affordable Housing Act,” that would actually make the housing crisis worse. It would repeal important protections for homeowners that have worked for more than 20 years and would let local government bureaucracies pass new rent control laws, which worsen shortage and affordability issues.
New government fees and regulations under this measure would provide a powerful motive for homeowners to sell or convert rental properties into other more profitable uses such as vacation rentals. That would serve to increase the cost of existing housing and make it even harder for renters to find affordable housing in the future. It’s already a significant problem, with California hosting six of the nation’s 11 most expensive rental markets.
We are all aware of the need to address California’s housing shortage. With severely limited supply and prices going up, too many homebuyers are priced out of the market. In the Coastal Mendocino region where I work, the median price of housing is now $446,750 (YTD) up 7.65 percent from a year ago.
As a REALTOR®, fellow Mendocino County resident and Californian, I urge voters to look closely at this year’s ballot, as our state’s housing future depends on it.

How’s the local real estate market? Stable and trending positively! Realtors® on the Mendocino Coast have been active listing and selling homes. The CMAR Multiple Listing Service shows 53 residential properties sold from $166,500 to $1,750,00 during the second quarter of 2018, with average sale price at $546,891 and median sale price at $460,000. Half way through the third quarter and entering a historically active market time on the Mendocino Coast (late Summer/early Fall) the numbers are on par with the second quarter – 27 residential sales from $250,000 to $1,050,000 with average sale price at $468,100 and median sale price at $389,000. The CMAR MLS includes data on sales along the coast from Irish Beach to Westport and as far inland as Anderson Valley.

Why Homeownership Matters

June marks National Homeownership Month, which recognizes the value of homeownership and its positive impact on families, communities and the nation’s economy. This month allows a time to celebrate and promote the American Dream of homeownership and identify the many benefits of owning that roof over your head.

“Most consumers know that homeownership is among the most sound investments an individual can make to begin building their personal wealth. However, owning a home is not just in the best interest of the homeowner. Homeownership provides social stability, builds communities and is a driving force for the national economy,” said Coastal Mendocino Association of REALTORS® (CMAR) President, Meghan Durbin.

Below are some of the benefits of reaching the American Dream:

Social stability: Improved educational performance, lower crime rates and improved health are a few social benefits linked to homeownership. “Homeownership allows households to accumulate wealth, which opens doors to more engagement in communities through volunteer work, involvement in social activities and electoral participation,” said CMAR President, Meghan Durbin.

Strong communities: Homeowners tend to stay in their homes longer than renters, dedicate more money to improve their home and are more engaged in enhancing their community. “Homeowners are often more invested in their home and their surroundings, which leads to stronger neighborhoods and communities and increased interaction between neighbors,” said Durbin.

Economic force: Being a homeowner also has a positive local and national economic impact. That is because homeownership creates jobs through remodeling, landscaping, lawn service, furniture and appliances, home improvement and real estate services. “When a home is sold in the United States, the income generated from real estate-related industries is over $20,000 and additional expenditures on consumer items is about $4,500 – a boom to the economy,” said Durbin.

Brings families together: Along with being more involved in their communities, homeowners are often active and connected to their own families. Family dinners and game nights at home could mean a more-connected, happier family.

“Home is where people make memories and feel comfortable and secure. Homeownership Month is an opportunity to reiterate that anyone who is able and willing to assume the responsibilities of owning a home should have the opportunity to pursue that dream and enjoy the many benefits that come along with it,” said Durbin.

Consumers can learn more about National Homeownership Month and keep up with housing-related tips, news, stories and policy issues through Homeownership Matters: https://homeownershipmatters.realtor/ and HouseLogic: https://www.houselogic.com/.

For more information about buying or selling a home, contact Coastal Mendocino Association of REALTORS® or visit www.cmaor.org to speak with a Realtor®, a member of the National Association of Realtors®.

CMAR MLS 2018 First Quarter Stats

First quarter local real estate stats from the Coastal Mendocino Association of Realtors are in!

The real estate market is alive and well on the Mendocino Coast. From January through March there were a total of 56 closed sales (all types of properties: residential, land, business, commercial & manufactured homes in parks). 27 of those were homes in the MLS area of Fort Bragg (including Cleone and Inglenook). The average sale price was $457,344 with an average days on market of 201. In Mendocino there were 6 homes sold with an average sale price of $1,128,833 and average days on the market at 215 days.

Currently there are 123 homes for sale on our local CMAR MLS. That number can change daily. If you are looking to buy or sell on the coast call a local Realtor®.

Why use a Realtor®? – They take on fiduciary responsibility

When you work with a Realtor®, their fiduciary responsibility is to you, their client. That means you have an expert who is looking out for your interests. That’s big—the value of that commitment cannot be overstated. “For more than 100 years, Realtors® have subscribed to the NAR’s strict Code of Ethics as a condition of membership,” says National Association of Realtors® 2013 President Gary Thomas. “Realtors® have the expertise and experience to help sellers protect their investment and help buyers build theirs.”