STUDIO CITY CA REAL ESTATE HOME SALES STATISTICS FOR 2ND QUARTER vs 1ST OF 2015
In the Second Quarter (04/01/2015 to 06/30/2015) 97 vs 55 homes were sold. The Minimum Listing Price $699,000 vs $600,000 and Selling Price was $720,000 vs $595,000 with 2 vs 2 bedroom, 1 vs 1 baths, 1302 vs 1260 square feet house, and 5599 vs 9701 sq ft lot. Days on market 32
Maximum Listing Price$3,498,000 vs $2,350,000 and Selling Price $3,330,000 vs $2,29,000 with 6 vs 5 bedrooms, 7 vs 6 baths, 5855 vs 4120 sq ft home, 55,320 vs 25,126 sq ft lot, and 302 vs 222 days on market.
Average Listing Price $1,415,214 vs $1,248,501 and Selling Price $1,414,866 vs $1,231,559 with 3 vs 3 bedrooms, 2.65 vs 3.15 baths, 2530 vs 2236 sq ft home, 9538 vs 6391 sq ft lot and days o the market 53 vs 67.
3 vs 3 sales were in the price range of 500K to 600K; 3 vs 6 sales on the 600K to 700K range, and 14 vs 5 on the 700K to 800K. On the second quarter 13 homes were sold in the price reange of 1 million to 1 million one hundred thousand.
2 vs 0 probate sale, 1 vs 1 on short sale and 1 vs 1 with notice of defaults aka nod. On the Second Quarter 93 vs 54 were standard sales.
The number of sales on the second quarter went up 43.5% compares to the first one.
MORTGAGES AND INTEREST RATE
Conventional Loan 30 year fixed it's at 4% there is a 5% down payment for purchases with no Private mortgage Insurance. Fha Loans at 3.875% 30 year fixed with 3.5% down payment
There is a 100% loan available for low and medium income families with NO Private Mortgage Insurance. VA Loans are for Veterans, it is a 100% loan, with NO Private Mortgage Insurance.
WEBSITES
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Want to have an update on your Home Value? Go To: http://www.findoutyourhomevalue.com/
Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com Real Estate News, Mortgages, Trends
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