Market Conditions in 92345>Question Details

Susan, Other/Just Looking in High Desert

Is the Hesperia Ca. Market a big risk area?

Asked by Susan, High Desert Sun Mar 16, 2008

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12
Hesperia, which is still in so cal, in my opinion, is like every other city in the world. Some areas are better than others. I have seen very nice neighborhoods, upscale homes and clean yards in Hesperia. Its a matter of finding a good area. That works also with New York, Los Angeles etc etc etc. If we are concerned about crime and we are looking for a crime free community, I am afraid we wont find it unless we go to some remote areas in New Zealand, and even there, I am not sure.
If you are concerned about certain specific areas, I suggest you to visit: http://www.familywatchdog.us/ to have an idea of who lives in certain streets. I am not affiliated with the web site. Good Luck!
1 vote Thank Flag Link Thu Mar 20, 2008
If you want to look in the area, but you want very, very low crime numbers, look in the High Country Homes area of Oak Hills, this is the neighborhood across from Cedar Middle School, around Econdido and Valley View and Buena Vista Drive. On the north end of the community is Rick Novack Community Center and Park.
0 votes Thank Flag Link Wed Aug 27, 2014
Hesperia is an excellent community to invest in. We are very affordable and we are growing! If you would like to search the mls for free you can do so at http://www.HighDesertPropertyValues.com
0 votes Thank Flag Link Mon May 19, 2014
Hesperia is now one of the best communities to purchase property in Southern California. Many of my clients that can't afford a home in Los Angeles, I bring them to Hesperia and or Victorville, Southern California crime rates have dropped dramatically from 1980s and 1990s levels. If you go to a police community class in Los Angeles, you will learn that 92% of crimes happens to be done by an acquaintance of the victim. No city will be 100% safe, not even in Beverly Hills. With that being said, make sure you pick an agent that works full time in the field like my self and not a part timer. Check out my reviews and hire me when your ready to buy or sell. Search the Southern California MLS at http://lahouse4sale.com. Izzy 213.221.1321
0 votes Thank Flag Link Thu May 16, 2013
Newportfiji nailed it back in 2008 - well done.
0 votes Thank Flag Link Fri Apr 12, 2013
Susan;

You asked a very interesting question back in March 2008.

Now, we're looking back in hindsight.

Hesperia, like many other cities in the country, is now recovering very nicely from the downturn of 2007.

If you are considering about buying or selling in Hesperia or the high desert, don't hesitate to contact me.
0 votes Thank Flag Link Thu Apr 11, 2013
Hesperia has been hit hard like many area's in California. Many buyers are looking to the high desert community to relocate so they can own their own homes. Right now the demand for homes in Hesperia out number the supply. This is why we are seeing the high amount of buyers competing for the same homes. Hesperia is no bigger risk than any other area in California, if you are looking for a short term investment. If you are looking for a term of at least 5 years then investing in Hesperia should be a sound one.

Lori Duran
Broker/Realtor
25 years experience in California
0 votes Thank Flag Link Wed Aug 5, 2009
Susan, if you want real time stats on the market area you are interested in, please call me.

With homes getting upward of 68 offers in various areas, I hardly think we are over zealous in our approach of working with buyers.

Real Estate is a local market and not a national picture for all buyers.

I'll be happy to help.

Cindy Vedder
Prudential California Realty
951.231.8439
Web Reference: http://www.CindyVedder.com
0 votes Thank Flag Link Tue Jun 23, 2009
Newport Fiji - spot on. Thank you for an honest analysis and detailed information. I myself, trade financials (currencies, oil, commodities, etc) and can easily see the real estate market will take a long time to bottom out. Yet I get these stupid 'right time to buy is NOW!' emails from my realtors every week.
0 votes Thank Flag Link Tue Jan 6, 2009
If by "risk" you are asking whether there is a large chance prices will go down, the answer is yes. I would suggest you strongly consider alternatives before buying in this real estate bubble.

Although the realtors on this site will attack me for the following comment, in my opinion this would be a terrible time to buy, unless you must buy now (because of a 1031 exchange, for example). Inventory has increased, sales transaction volume has slowed dramatically, lending standards have tightened (pulling thousands of non-qualified buyers from the market), notices of defaults and foreclosures are increasing substantially, the economy is slowing (looking more and more like a recession) and literally thousands of high paying mortgage and other real estate related jobs have been lost in Southern California over the past year. All of these things will put downward pressure on pricing for some time to come.

The reality is that prices will almost certainly be lower next year, likely lower in 2009 and possibly even lower in 2010. Real estate cycles take many years to play out and we are at the very beginning of a down cycle. I disagree with many realtors who say that it does not matter what price you pay if you are looking to hold on for the property for 5 to 10 to 15 years. Let's say you buy now for $1,000,000 and prices drop 20% (actually, Forbes in a recent article estimated a 26% anticipated decrease from June '07 prices by 2010 for Los Angeles and Orange counties) over the next couple of years. You would have lost $200K in future equity by having not waited. Additionally, you would have to service the $200K by paying property taxes and interest on the $200K. Unlike a stock, when you buy at the wrong time, you need to service your hasty decision through increased property taxes and interest.

I have an MA in Economics from USC and have been in the real estate business for 15 years. In my opinion, this real estate bubble will take many years to play out. The previous down cycle was from 1990-1996 and values dropped approximately 20 - 25% in nominal pricing (40 - 45% in real numbers when factoring inflation). The 82 -85 down cycle was a bit shorter. However, that was a period of higher inflation which masked much of the decrease in real prices.

With cash in hand, time is your ally. Unlike stocks which are very subject to dramatic short term fluctuations, real estate is illiquid and cycles move slowly. If you are paying attention, you likely will not miss the change as prices tend to remain flat for an extended period flowing stability in the home market. Clues will be increasing transaction volume and a closer cost ratio in comparing the costs of renting versus owning. Simply stated, following a down cycle, people are generally more conservative in real estate purchases so prices will not likely rebound quickly.

Despite what the spin doctors at the NAR and realtors would like the public to believe – it is NOT always a good time to buy.

With that said, if you have sufficient assets, you may not care about whether your home decreases substantially in value and there are benefits from home ownership. But, in my opinion, there are ample rental opportunities to wait out the deflating real estate bubble.

Best of luck, and if you want an objective opinion, don't waste your time listening to cheerleading realtors, who have a self interest in being overly optimistic about the real estate market.

NewportFiji
0 votes Thank Flag Link Thu Mar 20, 2008
Hesperia is where all the criminals go after they have been thrown out of southern california.
0 votes Thank Flag Link Thu Mar 20, 2008
Hi,
I am not sure what you mean for "big risk" area...
0 votes Thank Flag Link Mon Mar 17, 2008
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