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.