Great Homes of Orange County, California

Dear Homeowners

Here’s the new market report for you area.
Click on the link below to access it!

Contact me if you have questions or if you know someone that would be interested in receiving a copy of this report.

Thanks and have a great day!

Dan Stiel
Broker Associate (DRE #01886935)
Prudential California Realty
2405 McCabe Way, Irvine, CA 92614
Tel: (949) 300-8325
Fax: (949) 794-5701
www.edaniel.com
dan@edaniel.com

Click here to see the report

Daniel Stiel
REALTOR (DRE LIC#: 01886935)
Prudential Calif Realty
Tel. 1: 949-300-8325
Tel. 2: 877-870-2648

dan
danielstiel.com

The third-largest metropolitan economy in the world and second-largest city in the U.S., Los Angeles is a vibrant and dynamic center for global business.

The economy of Los Angeles is driven by international trade, entertainment, aerospace, technology, science, and tourism. Known as the "Entertainment Capital of the World," Los Angeles is the epicenter of the motion picture industry and world leader in television and recorded music production. Other industries of Los Angeles include media production, finance, telecommunications, healthcare, agriculture, and transportation. Los Angeles is also the largest manufacturing center in the western United States.

Sports, Recreation, and Arts
With an average annual daytime temperature of 75 degrees and 329 days of sun per year, Los Angeles is a coveted climate to pursue a diverse array of sports, recreation, and cultural opportunities.

For those seeking to enjoy Southern California’s great outdoors, the area offers famous beaches, a range of recreational sports, and mountainous hiking trails. Professional sports teams including basketball’s Lakers, baseball’s Dodgers, hockey’s Kings, and football’s nearby San Diego Chargers offer top sports venues for any enthusiast.

Renowned arts centers including the Los Angeles Music Center, the Kodak Theater, and the Walt Disney Concert Hall consistently host acclaimed music and dance performances. And with more than 841 museums, Los Angeles County has more museums per capita than any other city in the world.

After dark, top restaurants, lounges, comedy clubs, and bars offer a diverse array of culinary experiences and a robust nightlife. The Wiltern Theater, Roxy, House of Blues, Laugh Factory, and Santa Monica Pier are popular destinations. And celebrity chefs offer adventurous and innovative cuisine across the area.

Source: University of Michigan’s Ross School of Business

Los Angeles authorities have asked C.A.R. to communicate this warning to REALTORS® who hire unmanned aircraft operators to take aerial photographs for marketing high-end properties. Using these devices (also known as drones) for flight in the air with no onboard pilot may violate, among other things, the Federal Aviation Administration’s (FAA) policy on unmanned aircrafts, and Los Angeles’s local ordinance requiring permits for filming commercial motion pictures and still photographs.

The Los Angeles Police Department’s (LAPD) investigation has apparently revealed that aerial photos where unmanned aircraft were observed have appeared on certain real estate sales websites. According to FilmL.A., the LAPD Air Division has issued this warning as it intends to prosecute violators in the near future. FilmL.A. is a public benefit company created by the City and County of Los Angeles to manage film permit activity and related issues.

Under the Federal Aviation Administration (FAA)’s current policy, no one can operate an unmanned aircraft in the National Airspace System without specific authority. Operators who wish to fly an unmanned aircraft for civil use must obtain an FAA experimental airworthiness certificate, which will not be issued to an unmanned aircraft used for compensation or hire. Although the FAA allows hobbyists to fly model airplanes for recreational purposes under specific guidelines, that authority does not extend to operators flying unmanned aircraft for business purposes. More information is available from the U.S. Department of Transportation’s Notice on Unmanned Aircraft Operations and the FAA’s policy.

Please be advised of new fees from the City of Newport Beach for the Report of Residential Building Records effective on Monday, January 23rd.

New Fees:

Single Family Res/Condo (1 unit) $161.00
Duplex (2 units) $187.00
More than 2 units $187.00 + 11.16 per unit
Reinspection fee $85.00

The updated application may be downloaded at the following link:

http://www.newportbeachca.gov/Modules/ShowDocument.aspx?documentid=3255

If you have any questions please call Jana Egan at (949) 644-3216.

Panda Express will celebrate the 2012 Chinese New Year holiday and the Year of the Dragon on Jan. 23 with a free entree serving of Firecracker Chicken Breast for Panda Express Facebook fans. January 23 is the first day of Chinese New Year and starts a 15-day long celebration for the holiday. Firecracker Chicken Breast features chicken breast with yellow and red bell peppers wokked together in a spicy black bean sauce.

David Beckham will announce Thursday that he has reached agreement on a new contract with the Los Angeles Galaxy for the 2012 season.

A record number of investors and second-home buyers flooded the Southern California real estate market in December, though not enough to give sales in the region a bump over the same month a year earlier, according to the Los Angeles Times. With the investors buying low-cost homes, the region’s median home price fell to its lowest level in 12 months, according to San Diego real estate firm DataQuick.

Sales fell 1.4% from the same month a year earlier, with a total of 19,247 homes bought throughout the six-county region. Sales fell the most in San Bernardino, down 7.2% from the same month a year prior. The region’s median home price — the point at which half of the homes in the region sell for more and half for less — fell 6.9% to $270,000.

California house prices had the seventh-biggest price drop among US states in November, falling 5.9% from year-ago levels, according to Santa Ana-based data firm CoreLogic.

Bruxie, which has earned rave reviews since opening its first location in Old Towne Orange in 2010, ranked as Yelp’s No. 2 most popular restaurant in the country in 2011. Bruxie is located at 292 North Glassell Street, Orange, and another location at 215 W. Birch Street, Brea.

The US Top 10 for 2011 list from Yelp includes:

1. Bottega Louie, Los Angeles

2. Bruxie, Orange County

3. Ippudo NY, New York

4. Wurstküche, Los Angeles

5. Bi-Rite Creamery, San Francisco

6. Daikokuya, Los Angeles

7. Phil’s BBQ, San Diego

8. Ike’s Place, San Francisco

9. Griddle Cafe, Los Angeles

10. Animal, Los Angeles

Netflix’s 20 million subscribers consumed 2 billion hours of streaming TV shows and movies in Q4 ’11. Using simple averages, that would mean each subscriber streamed 100 hours during the quarter, or approximately 2,000 minutes per month (about 33 hours). That’s roughly 4 1/2 times the level of YouTube’s time spent/viewer. According to comScore, YouTube, which dominates total monthly volume of online video, had approximately 151 million U.S. users in November, 2011, who viewed 444.5 minutes each, on average.

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