Alhambra Real Estate Home Sales Statistics for December 2007


New Listings: 6

Average Listing Price: $624,833

Listings Under Contract: 0

Average Listing Price: $ 0

Listings Sold:0

Average Selling Price: $0

% of Direfence Between Listing Price versus Selling Price: 9%

% Sales Price Versus Old Listing Price: 0%

Average Days on The Market: 0

Long Beach Real Estate Homes Sold from 01/01 - 12/31/2007

New Listings: 6972

Average Listing Price: $553,268

Listings Under Contract: 146

Average Listing Price: $453,620

Listings Sold: 2610

Average Selling Price: $543,851

% of Direfence Between Listing Price versus Selling Price: 97.21%

% Sales Price Versus Old Listing Price: 87.74%

Average Days on The Market: 67

Long Beach Real Estate Home Sales Statistics For December 2007

New Listings: 304

Average Listing Price: $517,140

Listings Under Contract: 90

Average Listing Price: $441,778

Listings Sold:149

Average Selling Price: $481,845

% of Direfence Between Listing Price versus Selling Price: 96.70%

% Sales Price Versus Old Listing Price: 90.67%

Average Days on The Market: 76

I WISH YOU ALL A HAPPY NEW YEAR

From Puerto Vallarta, Mexico

Alberto Pacheco

I WISH YOU ALL A

MERRY CHRISTMAS

Long Beach Real Estate Home Sales Statistics For November 2007

New Listings: 436

Average Listing Price: $585,515

Listings Under Contract: 100

Average Listing Price: $452,184

Listings Sold:128

Average Selling Price: $503,748

% of Direfence Between Listing Price versus Selling Price: 96.21%

% Sales Price Versus Old Listing Price: 90.94%

Average Days on The Market: 79

If you or someone you know is 30 days or more delinquent on their home loan, there are several option that are available to help you on them in this time of great need. Please call me as there are several solution that I may be able to recommend to you that would lessen your mortgage burden and get you on path of recovery. Some of the solutions include:

Rate Reduction and Loan Modification: If you have a reset on your loaned and your mortgage payment is going up significantly and/or you have a variable rate mortgage, some lenders allow for a note modification and rate reduction thus lowering your payment and making your payment more affordable. You could also ask for a note modification to make your loan fixed thus avoiding the surprises of your mortgage payment rising.

Forbearance: In case you have a short term crisis, such as job loss or medial illness, the lender ma allow a Forbearance thus thus suspending your payments for a period of time until you get through your crisis. At the end of forbearance, the lender may look at way to modify your payment and adjust your loan to account for the missed payments.

Short Pay or Short Sale: In the case when you simply can not afford to stay in the home and you are behind on your payments, lender may allow what is called a Short Pay or Short Sale. That is when you find a willing buyer to purchase your home for less than what is owed on the property and the lender takes a loss on the loan. Many lenders prefer this option over a foreclosure as it reduces their losses over that of a foreclosure and also gets the delinquent loan off their books sooner reducing the risk of the loan to their institution.

Finally, is you are totally satisfied with your current loan and financial situation and want to take advantage of investing in foreclosures and/or significantly reduced prices of real estate, call me to see if there will be opportunities for you to take advantage of over the next 12 months.
Investing in real estate in a down market can help you secure your retirement and financial future.

I am not speaking of flipping properties. I am speaking of investing in a rental property on a fixed rate loan to help you have an investment that will stand the rest of time and allow you many financial rewards over the long haul!

Arguably, real estate is one of the safest, most effective forms of investing for your future and build your wealth if it is done wisely and with the help of a real estate and lending professional.
Lets strategize ways to help you understand and increase the effectiveness of these investment.

Valley Glen Home Sales Statistics for October 2007

Listings:19
New Average Listings Price $624,719
Under Contract: 11
Average Listing Price: $620,100
Sold:4
Average Sold Price:$515,750
% Sales Price / Listing Price: 96,54%
Sales Price / Old Listing Price: 89.81%
Average Days on the Market:56

Valley Village Home Sales Statistics for October 2007

Listings:55
New Average Listings Price $712,780
Under Contract: 8
Average Listing Price: $520,499
Sold:14
Average Sold Price:$774,698
% Sales Price / Listing Price: 95.42%
Sales Price / Old Listing Price: 92.69%
Average Days on the Market:57

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

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.

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.

San Fernando CA August 2007 Home Sales Statistics

Residential

New: 49
Average Listing Price: $464,535
Under Contract: 10
Average Listing Price: $450,375
Sold: 10
Average Sold Price: $454,800
% Sales Price/Listing Price: 96.77%
% Sales PRice/Old Listing Price: 94.18%
Average Days on the Market: 69

July Home Sales Statistics San Fernando CA

Property Type: Residential

New: 51
Average Listing Price: $487,205
Under Contract: 4
Average Listing Price: $439,737
Sold: 5
Average Sold Price: $469,900
% Sales Price/Listing Price: 100.03%
% Sales PRice/Old Listing Price: 96.93%
Average Days on the Market: 57

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.

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%

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

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

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 / Old Listing Price: 94.23%

Average Days on the Market: 50

Homes Sold in Chatsworth for July 2007

New: 75
Avg Listing Price: $889,865

Under Contract: 18
Avg Listing Price: $751,871

Sold: 30
Avg Sales Price: $626,400
%Sales Price Versus /Listing Price: 98.66%
Avg Days on the Market: 49