Foreclosure Filings For The 1st Half of 2009

According to Realty Trac 1,905,723 foreclosure filings, notices of default, auction sale and bank repossession were reported on 1,528,364 homes in the U.S. A 9% increased from the previous 6 months and almost 15% increase for the First six months of 2008.

Solely in the month of June 336,173 U.S. homes had a foreclosure filing on them, even with the moratorium set by the government last year along with local, state and national lesgislative action, there is an increase of loan modifications, This week the Federal Reserve Board had a meeting with all the major lenders, asking them to increase the volume from the actual 200,000 to 500,000 modification this year alone.

In California 391,611 properties received a foreclosures filing in the first half of 2009. A total of 2.94% of the state's housing units (one in 34), making California the fourth highest state foreclosure rate. The increased on this first half was nearly 14% from the previous six months and 15% increase from first half of 2008

City of Pacoima California Home Sales Statistics For June 2009

New Listings: 35

Average Listing Price: $ 211,122

Listings Under Contract: 27

Average Listing Price: $ 186,065

Sold Listigs: 37

Average Listing Price: $ 187,818

% Sales Price Versus Listing Price: 103.44 %

% Sales Price Versus Old Listing Price: 95.47 %

Average Days on The Market: 68

City of Pacoima California Home Sales Statistics For May 2009

New Listings: 53

Average Listing Price: $ 192,093

Listings Under Contract: 31

Average Listing Price: $ 197,484

Sold Listigs: 39

Average Listing Price: $ 176,976

% Sales Price Versus Listing Price: 100.98 %

% Sales Price Versus Old Listing Price: 89.92 %

Average Days on The Market: 74

City of Pacoima California Home Sales Statistics For April 2009

New Listings: 56

Average Listing Price: $ 205,927

Listings Under Contract: 26

Average Listing Price: $ 194,519

Sold Listigs: 34

Average Listing Price: $ 191,767

% Sales Price Versus Listing Price: 103,79 %

% Sales Price Versus Old Listing Price: 93.20 %

Average Days on The Market: 48

City of Northridge California Home Sales Statistics for May 2009

New Listings: 92

Average Listing Price: $ 511,056

Listings Under Contract: 60

Average Listing Price: $ 531,554

Sold Listigs: 67

Average Listing Price: $ 485,466

% Sales Price Versus Listing Price: 99.48 %

% Sales Price Versus Old Listing Price: 94.25 %

Average Days on The Market: 56

City of Northridge California Home Sales Statistics For April 2009

New Listings: 102

Average Listing Price: $ 529,379

Listings Under Contract: 58

Average Listing Price: $ 442,391

Sold Listigs: 60

Average Listing Price: $ 451,090

% Sales Price Versus Listing Price: 97.86 %

% Sales Price Versus Old Listing Price: 93.17 %

Average Days on The Market: 62

How The Federal Reserve Board Affect Mortgage Interest Rates

The Federal Reserve Borard left interest rate unchanged at almost zero as it indicated that the economy contraction is slowing down. Financial market condition is improving in the last few months.

Mortgage Interest rate went up last week up to 5.81 due to the concerns on inflation and goverment spending, and the reason was that, 10 year treasury note went up. As of today 07/24/09 the rates are as follow:

30 year fixed 5.39%
15 year fixed 4.81%
The 10 year treasure note 3.67%

There is a rumor that the Fed may increase the interest rate by the end of 2009.

Hispanic Population in California According to the US Census Bureau 2000

Hispanic Population in Los Angeles County: 4,242,2132

Total Population of 18 years or over in Los Angeles County: 2,707,234

http://www.sfvalleyhotproperties.com

Granada Hills Population and Housing Units

According to the U.S. Census of 2002 is as follow:

Granada Hills Zip Code 91344

Population: 48,863

Housing Units: 16695

Total Area in Square Miles: 15.53

Water Area: 0.65 Land Area: 14.88

Density per Square mile of Land Area

Population: 3,284.5 Housing Units: 1,122.2

City of Newhall Home Sales Statistics For June 2009

New Listings: 43

Average Listing Price: $ 344,409

Listings Under Contract: 16

Average Listing Price: $ 326,159

Sold Listigs: 25

Average Listing Price: $ 303,187

% Sales Price Versus Listing Price: 99.15 %

% Sales Price Versus Old Listing Price: 92.00 %

Average Days on The Market: 95

City of Newhall California Home Sales Statistics For May 2009

New Listings: 38

Average Listing Price: $ 396,914

Listings Under Contract: 17

Average Listing Price: $ 340,753

Sold Listigs: 29

Average Listing Price: $ 309,331

% Sales Price Versus Listing Price: 98.38 %

% Sales Price Versus Old Listing Price: 92.56 %

Average Days on The Market: 67

City of Newhall California Home Sales Statistics For April 2009

New Listings: 28

Average Listing Price: $ 477,733

Listings Under Contract: 29

Average Listing Price: $ 283,660

Sold Listigs: 24

Average Listing Price: $ 320,808

% Sales Price Versus Listing Price: 97.55 %

% Sales Price Versus Old Listing Price: 86.02 %

Average Days on The Market: 90

City of Montebello California Home Sales Statistics For June 2009

New Listings: 6

Average Listing Price: $ 386,200

Listings Under Contract: 4

Average Listing Price: $ 326,000

Sold Listigs: 5

Average Listing Price: $ 347,180

% Sales Price Versus Listing Price: 97.98 %

% Sales Price Versus Old Listing Price: 91.14 %

Average Days on The Market: 108

City of Montebello California Home Sales Statistics For May 2009

New Listings: 8

Average Listing Price: $ 402,831

Listings Under Contract: 4

Average Listing Price: $ 283,937

Sold Listigs: 2

Average Listing Price: $ 314,000

% Sales Price Versus Listing Price: 99.07 %

% Sales Price Versus Old Listing Price: 92.91 %

Average Days on The Market: 77

City of Montebello Home Sales Statistics For April 2009

New Listings: 6

Average Listing Price: $ 360,231

Listings Under Contract: 3

Average Listing Price: $ 313,933

Sold Listigs: 7

Average Listing Price: $ 244,757

% Sales Price Versus Listing Price: 94.24 %

% Sales Price Versus Old Listing Price: 90.74 %

Average Days on The Market: 45