Northridge Home Sales Statistics for September 2007
Property Type: Residential
New: 138
Average Listing Price: $658,080
Under Contract: 17
Average Listing Price: $608,942
Sold: 39
Average Sold Price: $658,974
% Sales Price/Listing Price: 97.68%
% Sales PRice/Old Listing Price: 92.91%
Average Days on the Market: 70
Friday, November 16, 2007
Wednesday, November 07, 2007
Subprime Mortgages
If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.
At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.
I hope you take advantage of the low interest rate.
If you have a mortgage loan that is going to reset this year, or on either 2008 or 2009, now is the best time to refinance since the interest rate is below 6%. You can either refinance for 30, 20 or 15 years fixed and you'll live with a peace of mind.
At least for this year and probably up to the spring of 2008, the rates are going to be the same. Refinancing from two loans into one when you have equity will be of a financial benefit to you by lowering the mortgage payment.
I hope you take advantage of the low interest rate.
Tuesday, October 30, 2007
Countrywide
The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.
If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.
The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.
There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.
If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.
The Calabasas California home based mortgage lender is bailing out a lot of their clients out of the subprime loans that are reseting this year. They are doing loan modifications, refinancing their loans to a fixed rate, in order to prevent future foreclosures.
If you have a mortgage loan with them, and you are late on your payments or unable to make them, do not put aside the letters they sent you, and don't procastinate because help is availabe, the are willing to help you in whatever way possible.
The same happens almost with every mortgage lender, they prefer to help you than ended up with a foreclosures, which cost them more money and having a repossessed property that will take months to sell.
There are also a couple on non profit foundation in Los Angeles area that are able to assist you as well, they are Acorn Housing and Naca, both have a website.
If you need help you can also approach me for guidance, I am here to help you in whatever manner I can. You can e-mail me or call me. I also post some information on my website http://www.sfvalleyhotproperties.com in regards to foreclosures.
Monday, October 15, 2007
Wednesday, October 10, 2007
August Home Sales in The San Fernando Valley
According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.
On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.
We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.
Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.
According to Southland Regional Association of Realtors, home sales fell an annual 33.1% to 552 transactions. Median Home price increased 5.7% to $645,000.
On the condominium side the sales plunged 40.7% to only 188 transactions and the median prices slipped 2.8% to $389,000.
We now have an inventory of 10.4 month supply, first time it broke to double digit since 1995.
Santa Clarita area condo sales plunged 40.6 % from a year ago, the median priced dipped 2.2 to $362,000 and the home listings supply climbed to 10.2 month.
Saturday, October 06, 2007
Burbank Real Estate
Homes and Condos Sold Burbank for August 2007
ZIP CODE 91501
Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%
Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%
ZIP CODE 91502
Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%
ZIP CODE 91504
Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%
Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%
ZIP CODE 91505
Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%
Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%
ZIP CODE 91506
Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%
Homes and Condos Sold Burbank for August 2007
ZIP CODE 91501
Homes Sold: 7 Median Price:$905,000 Price Change from Aug 2006: 15.4%
Condos Sold: 9 Median Price $415,000 Price Change from Aug 2006: -10.9%
ZIP CODE 91502
Homes Sold: 1 Median Price:$600,000 Price Change from Aug 2006: 29%
ZIP CODE 91504
Homes Sold: 13 Median Price:$829,000 Price Change from Aug 2006: 18.4%
Condos Sold: 9 Median Price $449,000 Price Change from Aug 2006: -2.9%
ZIP CODE 91505
Homes Sold: 28 Median Price:$613,000 Price Change from Aug 2006: -8.6%
Condos Sold: 5 Median Price $539,000 Price Change from Aug 2006: 12.2%
ZIP CODE 91506
Homes Sold: 10 Median Price:$649,000 Price Change from Aug 2006: 6.4%
Thursday, September 06, 2007
YTD Activity Report: 1/1/2007 through 8/31/2007
Property Type: Residential Granada Hills
Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64
Property Type: Residential Granada Hills
Listings: 783
New Average Listings Price $685,119
Under Contract: 34
Average Listing Price: $645,275
Sold: 264
Average Sold Price: $639,082
% Sales Price / Listing Price: 98,22%
Sales Price / Old Listing Price: 95,97
Average Days on the Market: 64
Tuesday, September 04, 2007
Homes Sold In Northridge For August 2007
Property Type: Residential
New Listings: 154
Average Listing PriceP: $756,113
Under Contract: 28
Average Listing Price: $604.670
Sold: 48
Average Sold Price: $658,579
%Sales Price/Listing Price: 97.43%
% Sales Price / Old Listing Price: 94.45%
Average Days on the Market: 71
Property Type: Residential
New Listings: 154
Average Listing PriceP: $756,113
Under Contract: 28
Average Listing Price: $604.670
Sold: 48
Average Sold Price: $658,579
%Sales Price/Listing Price: 97.43%
% Sales Price / Old Listing Price: 94.45%
Average Days on the Market: 71
Homes Sold In Granada Hills For August 2007
Property Type: Residential
New Listings: 81
Average Listing PriceP: $673,437
Under Contract: 18
Average Listing Price: $677,658
Sold: 22
Average Sold Price: $600,373
%Sales Price/Listing Price: 97.57%
%Sales Price/Listing Price: 97.57%
% Sales Price / Old Listing Price: 94.23%
Average Days on the Market: 50
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