Posted by: socalrealestatereport | December 14, 2009

Monterey Park Real Estate Report – Homes for Sale – November 2009

Monterey Park CA Real Estate Report – November 2009

Inventories have decreased by almost 50% while prices have increased almost 10%  in year over year comparison for the month of November 2009. Pending inventories have gone up by 42% with Days on Market down from 71 to 44 days during the same time period. Inventories are moving which is a good sign as demands outpaced supply.

  12Mo Ago 6Mo Ago 3Mo Ago Last Month
Active Inventory 113 80 67 59
Average Sale Price $444,100 $455,095 $501,171 $483,000
Days on Market 71 29 38 44
Pending Inventory 19 30 32 27
TOTAL SALES 9 19 14 17
 
 

——————————————-o———————————————

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

 

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Posted in Homes SOLD in San Gabriel Valley, Market Statistics | Tags: ,

Posted by: socalrealestatereport | December 14, 2009

Alhambra Real Estate Report – Homes for Sale – November 2009

Alhambra CA Real Estate Report – November 2009

Active inventories have decreased significantly from 110 to 65 year over year comparision for the month of November 2009.  During this time period, prices have increased roughly 21%. This may have been attributed to low inventories which creates a supply and demand scale. Average Days on Market is approximately the same compared to a year ago but has increased in comparison to 3 and 6 months ago. This can be due to the holidays as buyers wait out for the holidays.

  12Mo Ago 6Mo Ago 3Mo Ago Last Month
Active Inventory 110 64 79 65
Average Sale Price $435,250 $463,400 $538,318 $525,333
Days on Market 73 48 49 77
Pending Inventory 20 34 38 30
TOTAL SALES 14 20 22 21
 
 
 

——————————————-o———————————————

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted in Homes SOLD in San Gabriel Valley, Market Statistics | Tags: ,

Posted by: socalrealestatereport | December 14, 2009

Anaheim Real Estate Report – Homes for Sale – November 2009

Anaheim CA Real Estate Report – November 2009

Inventories have decreased by about 44% for year over year comparison during the month of November 2009.  Prices have increased from 341k to 357k with a Days on Market decreased from 2.5 months to 1.5 months. Total sales have decreased from 160 to 103. This may be due to the lagging shortsales waiting approval from the bank which is slowing the closing ratios. The market still remains robust as buyers are still trying to make a purchase.  

  12Mo Ago 6Mo Ago 3Mo Ago Last Month
Active Inventory 778 522 449 436
Average Sale Price $341,583 $336,408 $350,836 $357,672
Days on Market 70 56 58 46
Pending Inventory 223 257 232 243
TOTAL SALES 160 150 133 103
 
 
 

 

——————————————-o———————————————

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted in Homes SOLD in Orange County, Market Statistics | Tags: ,

Posted by: socalrealestatereport | December 14, 2009

San Gabriel Real Estate Report – Homes for Sale – November 2009

San Gabriel CA Real Estate Report – November 2009

The numbers of Active listing has dropped from a year ago. Sales are occurring at a rapid pace as  inventories has decreased 3 folds. However, prices have decreased during this year over year comparison. Days on the Market have dropped by about 25% and Pending inventories increased by approximately 33%. 

  12Mo Ago 6Mo Ago 3Mo Ago Last Month
Active Inventory 166 120 104 65
Average Sale Price $519,825 $572,865 $607,481 $487,022
Days on Market 86 36 60 66
Pending Inventory 29 50 40 40
TOTAL SALES 13 26 27 16
 
 
 

——————————————-o———————————————

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted by: socalrealestatereport | December 13, 2009

Rosemead Real Estate – Homes for sale – NOVEMBER 2009 Report

15 Listings were SOLD in November 2009. Of these total, 5 were Shortsales/REO. Prices ranging from a Low of $235,000 to a High of $840,000. The Average Days on Market was 49.

  List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 235,000 6 235,000 2 1.00 1920 599 5,021
Max 840,000 127 800,000 5 4.00 2009 2,959 13,600
Avg 476,067 49 469,000 3 2.20 1964 1,573 7,183

19 Listings were ACTIVE on the market during the same period.  Of these total, 4 were Shortsales/REO.

  List Price BR BA Year Built SqFt Lot SqFt
Min 269,999 2 1 1930 732 5,070
Max 749,000 6 5 2000 3,194 10,550
Avg 467,559 3 2.21 1953 1,414 7,508

 

15 Listings were Pending during the month of November 2009. Of these total, 11 were Shortsales/REO.

  List Price BR BA Year Built SqFt Lot SqFt
Min 122,500 1 1 1923 504 2,343
Max 599,000 6 3 2005 2,451 17,097
Avg 395,253 3 2 1960 1,510 7,084

 

Based on the statistics, there is trend that the Shortsales/REO are starting to move alot faster than the Regular sale. The fact being that the Regular sale seemed to be overpriced so the DOM is alot longer and they are moving slower. For Regular sale that were price correctly, they were closing at the same clip as the shortsales/REO.

——————————————-o———————————————

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted by: socalrealestatereport | November 26, 2009

SHORT SALE VS FORECLOSURE: WHICH IS BETTER?

Comparison* Short Sale Foreclosure
Effect on Credit Score 80-150 250-280
Effect on Credit Report 2-3 years 6-7 years
Deficiency Amount Bank may forgive the deficiency You’ll be on the hook for the deficiency

A Short Sale will reduce your credit score by 80-150 points*. When you sell your home via Shortsale your credit will show late payments and a “settled for less than owed” BUT will NOT show that the home was actually foreclosed.

A Foreclosure will reduce your credit score by 250-280 points*. Your credit will show a devastating Foreclosure marking.

With a Short sale, the biggest Benefit is that you sell your home and if you don’t satisfy the mortgage amount the bank may forgive the deficiency. A short-sale is positive for both the lender who doesn’t have to go through the process of foreclosing and the homeowner, who may be able to walk away without a huge amount of debt.

If you simply walk away and let your home be FORECLOSED, your house will be sold at auction, and if the amount it’s sold for doesn’t satisfy the mortgage, you’ll be on the hook for the deficiency. And lenders can go after you for the money including attaching liens on other property you own.

If you can negotiate a Short Sale quickly and successfully, you can minimize that negative impact significantly. 

COMPLICATED TIMES REQUIRE SENSITIVE SOLUTION. WE CAN HELP.  Take charge of your life; take action TODAY. Call us for a FREE consultation.

——————————————-o———————————————

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted by: socalrealestatereport | October 8, 2009

Market Statistics of homes SOLD in San Gabriel Valley (Q3-2009)

deco_marketStats

Market Statistics For San Gabriel Valley Cities (Year over Year Comparison)

(Period ending Q3-2009)

City # SOLD List Price ADOM Selling Price % Listed Price
Montery Park 49  $   469,945 60  $   474,364 101%
Alhambra 54  $   556,591 56  $   545,747 98%
Rosemead 48  $   446,062 56  $   436,277 98%
San Gabriel 87  $   601,007 46  $   592,077 99%
Arcadia 119  $   984,970 55  $   954,236 97%
Temple City 50  $   608,082 52  $   597,055 98%

 

(Period ending Q3-2008)

City # SOLD List Price ADOM Selling Price % Listed Price
Montery Park 68  $   520,787 45  $   510,213 98%
Alhambra 63  $   500,894 65  $   487,576 97%
Rosemead 42  $   443,800 53  $   440,390 99%
San Gabriel 79  $   607,433 58  $   593,466 98%
Arcadia 131  $   993,818 60  $   948,827 95%
Temple City 53  $   578,075 59  $   569,916 99%

*Data based on Average figures and extracted from SoCal MLS.

———————————————–oo——————————————–

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted by: socalrealestatereport | October 8, 2009

Market Statistics of homes SOLD in Orange County (Q3-2009)

Business Graph

Market Statistics For Orange County Cities (Year over Year Comparison)

(Period ending Q3-2009)

City # SOLD List Price ADOM Selling Price % Listed Price
Anaheim 461  $   348,144 65  $   351,796 101%
Garden Grove 231  $   386,317 61  $   388,190 100%
Westminster 135  $   457,937 49  $   455,683 100%
Buena Park 128  $   370,530 67  $   373,212 101%
Fountain Valley 79  $   596,024 59  $   587,032 98%

 

(Period ending Q3-2008)

City # SOLD List Price ADOM Selling Price % Listed Price
Anaheim 396  $   384,324 110  $   378,295 98%
Garden Grove 249  $   429,520 51  $   422,799 98%
Westminster 129  $   490,813 91  $   477,767 97%
Buena Park 123  $   410,082 77  $   401,144 98%
Fountain Valley 75  $   644,823 46  $   630,759 98%

*Data based on Average figures and extracted from SoCal MLS.

———————————————–oo——————————————–

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted in Market Statistics | Tags: ,

Posted by: socalrealestatereport | October 7, 2009

Benefits of a Short Sale

BENEFITS OF SHORT SALES

If you are finding yourself in a position where you can no longer make a payment on your mortgage, you have options. Selling your house through a short sale has several benefits vs a Foreclosure.

1) It can save your credit

2) It releases the stress you have in no longer worrying about not being able to make a payment

3) It is a better solution than having your home forecloses upon

4) It eases the burden of being in an embarrasing situation so you can move on with your life

5) You can get back in buying a home sooner than having a Foreclosure marking on your credit

Short sale is a good solution. If you have any questions, feel free to contact me and my team and we can provide you with some guidance on shortsaling your house.

———————————————–oo——————————————–

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted by: socalrealestatereport | August 31, 2009

Don’t lose your home to Foreclosure, Short Sale your home

AVOID FORECLOSURE

Owners in distress due and who are in Pre-Foreclosure have the options to sell your house through a Short Sale. If you are unable to afford your monthly mortgage payment, don’t hide in the sand and wait for miracles to happen.

You need to take actions in order to get yourself and your family out of the negative situation you’re in. Waiting until the last minute can put you in a more detrimental situation which can lead to Foreclosure or Bankruptcy. It can help save your credit and get your life back on track. However, you must have a Hardship in order to qualify to Short Sale your home.

Here are some hardships that may qualify.

1) Mortgage interest payments have increased

2) Negative equity on your home

3) Loss of job

4) Divorce or separation

5) Job relocation

6) Loss of additional household income

7) Illness or medical issues

8 ) Balloon payment on your mortgage due

9) Large negative amortization

10) Loss of rental income

Short sale is a good solution. If you have any questions, feel free to contact me and my team and we can provide you with some guidance on shortsaling your house.

———————————————–oo——————————————–

Looking For LOAN MODIFICATIONS? NO UPFRONT FEES!

Don’t Let the Bank FORECLOSE. We Offer FREE SHORT SALE Services!

Contact: 

DAVID DEE
Associate Broker / Realtor®

Cell:        (626) 203-5676
Website: www.SoCalRealEstateReport.com

“Client 1st. That’s the David Dee Guarantee.”

Century 21 Excellence  -We have 5 Offices to Serve You-

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Garden Grove, Westminster, Fountain Valley and other surrounding areas.                                                                  

 Copyright © 2009 by DAVID DEE. All Rights Reserved.

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Posted in Short sale | Tags: , , ,

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