A Quick Glance at Where the California Real Estate Market Stands

 Calif. median home price: December 2011: $285,920 (Source: C.A.R.)
Calif. highest median home price by region/county December  2011: Marin: $693,880 (Source: C.A.R.)
Calif. lowest median home price by region/county December 2011: Madera: $106,000 (Source: C.A.R.)

Calif. Pending Home Sales Index: December 2011: 91.6, an increase from the revised 82.5 recorded in December 2010 
 
Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/26/2012 30-yr. fixed: 3.98% fees/points: 0.7% 15-yr. fixed: 3.24 fees/points: 0.8% 1-yr. adjustable: 2.74% Fees/points: 0.6% (Source: Freddie Mac)

Lexington Properties has the systems and vendors in place to get a property rent ready in record time. How much "down time" between tenants while a unit is being renovated and cleaned up for re-rent, can impact an investment owners bottom line tremendously. As a professional management company, Lexington Properties minimizes the time between how a property is left by a tenant to "show ready" condition. In the business of investment property ownership, this is just one small piece of the puzzle. We are here to make it easy for Owners to secure new tenants ,and provide a quality property to prospective applicants.  ( The actual turn around time from the eviction below to rent ready condition was less than two weeks.)