June home prices fell more than 29% from 2007 and sales remained low. Foreclosures have been flooding the market and pushing down the median home price from $502,000 in June 2007 to $355,000. The median price fell 4 percent from May.
Prices fell 23% percent drop in Los Angeles County, from $545,000 to $415,000. That means a house purchased just a year ago lost $130,000 in value. Foreclosure sales in June accounted for 41 percent of transactions. That compares with 7 percent a year earlier and 39 percent in May.
In the San Fernando Valley and Pasadena, prices have fallen by just 10 percent to
15 percent. Leslie Appleton-Young, vice president and chief economist at the California Association of Realtors, says you almost have to do a street-by-street canvass to get an accurate take on prices.
Prospective buyers are finding very difficult to get mortgage financing since lenders have tightened their guidelines, but that doesn't deter first time buyers and investors as well.
Sales hit a 10-month high of 17,424 transactions in June, the sixth consecutive month they've increased. Leslie Appleton-Young said statewide sales appear to have bottomed out last October and have increased every month since then.
In Los Angeles County, sales fell an annual 25 percent, to 5,678 transactions. However, they've increased every month since January and they will probably keep the same pace for the rest of the summer.
The average monthly mortgage payment dipped to $1,671 last month, compared with $1,713 in May and $2,430 from June 2007.
Friday, July 25, 2008
Thursday, July 10, 2008
City of Santa Monica California Home Sales Statistics For April 2008
New Listings: 5
Average Listing Price: $ 676,960
Under Contract: 2
Average Listing Price: $ 1,107,000
Sold Listigs: 1
Average Listing Price: $ 660,000
% Sales Price Versus Listing Price: 94.42%
% Sales Price Versus Old Listing Price: 94.42%
Average Days on The Market: 61
Technorati Profile
Average Listing Price: $ 676,960
Under Contract: 2
Average Listing Price: $ 1,107,000
Sold Listigs: 1
Average Listing Price: $ 660,000
% Sales Price Versus Listing Price: 94.42%
% Sales Price Versus Old Listing Price: 94.42%
Average Days on The Market: 61
Technorati Profile
City of Santa Monica California Home Sales Statistics For March 2008
New Listings: 3
Average Listing Price: $ 741,566
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 2
Average Listing Price: $ 689,000
% Sales Price Versus Listing Price: 100.01%
% Sales Price Versus Old Listing Price: 100.01%
Average Days on The Market: 79
Average Listing Price: $ 741,566
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 2
Average Listing Price: $ 689,000
% Sales Price Versus Listing Price: 100.01%
% Sales Price Versus Old Listing Price: 100.01%
Average Days on The Market: 79
City of Santa Monica California Home Sales Statistics For February 2008
New Listings: 3
Average Listing Price: $ 2,096,000
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 1
Average Listing Price: $ 795,000
% Sales Price Versus Listing Price: 91.48%
% Sales Price Versus Old Listing Price: 91.48 %
Average Days on The Market: 86
Average Listing Price: $ 2,096,000
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 1
Average Listing Price: $ 795,000
% Sales Price Versus Listing Price: 91.48%
% Sales Price Versus Old Listing Price: 91.48 %
Average Days on The Market: 86
Monday, July 07, 2008
City of San Pedro California Home Sales Statistics For April 2008
New Listings: 22
Average Listing Price: $ 435,686
Under Contract: 7
Average Listing Price: $ 454,285
Sold Listigs: 4
Average Listing Price: $ 508,625
% Sales Price Versus Listing Price: 98.87 %
% Sales Price Versus Old Listing Price: 97.87 %
Average Days on The Market: 36
Average Listing Price: $ 435,686
Under Contract: 7
Average Listing Price: $ 454,285
Sold Listigs: 4
Average Listing Price: $ 508,625
% Sales Price Versus Listing Price: 98.87 %
% Sales Price Versus Old Listing Price: 97.87 %
Average Days on The Market: 36
City of San Pedro California Home Sales Statistics For March 2008
New Listings: 17
Average Listing Price: $ 470,035
Under Contract: 2
Average Listing Price: $ 584,950
Sold Listigs: 8
Average Listing Price: $ 335,156
% Sales Price Versus Listing Price: 89.78 %
% Sales Price Versus Old Listing Price: 81.61 %
Average Days on The Market: 86
Average Listing Price: $ 470,035
Under Contract: 2
Average Listing Price: $ 584,950
Sold Listigs: 8
Average Listing Price: $ 335,156
% Sales Price Versus Listing Price: 89.78 %
% Sales Price Versus Old Listing Price: 81.61 %
Average Days on The Market: 86
City of San Pedro California Home Sales Statistics For February 2008
New Listings: 16
Average Listing Price: $ 500,406
Under Contract: 5
Average Listing Price: $ 379,239
Sold Listigs: 7
Average Listing Price: $ 471,985
% Sales Price Versus Listing Price: 94.00 %
% Sales Price Versus Old Listing Price: 89.51 %
Average Days on The Market: 97
Average Listing Price: $ 500,406
Under Contract: 5
Average Listing Price: $ 379,239
Sold Listigs: 7
Average Listing Price: $ 471,985
% Sales Price Versus Listing Price: 94.00 %
% Sales Price Versus Old Listing Price: 89.51 %
Average Days on The Market: 97
Wednesday, July 02, 2008
City of San Fernando California Home Sales Statistics For April 2008
New Listings: 61
Average Listing Price: $ 345,198
Under Contract: 23
Average Listing Price: $ 331,897
Sold Listigs: 14
Average Listing Price: $ 347,714
% Sales Price Versus Listing Price: 97.29 %
% Sales Price Versus Old Listing Price: 85.77 %
Average Days on The Market: 123
Average Listing Price: $ 345,198
Under Contract: 23
Average Listing Price: $ 331,897
Sold Listigs: 14
Average Listing Price: $ 347,714
% Sales Price Versus Listing Price: 97.29 %
% Sales Price Versus Old Listing Price: 85.77 %
Average Days on The Market: 123
City of San Fernando California Home Sales Statistics For March 2008
New Listings: 45
Average Listing Price: $ 336,141
Under Contract: 13
Average Listing Price: $ 317,260
Sold Listigs: 5
Average Listing Price: $ 331,780
% Sales Price Versus Listing Price: 97.04 %
% Sales Price Versus Old Listing Price: 84.09 %
Average Days on The Market: 57
Average Listing Price: $ 336,141
Under Contract: 13
Average Listing Price: $ 317,260
Sold Listigs: 5
Average Listing Price: $ 331,780
% Sales Price Versus Listing Price: 97.04 %
% Sales Price Versus Old Listing Price: 84.09 %
Average Days on The Market: 57
City of San Fernando California Home Sales Statistics For February 2008
New Listings: 42
Average Listing Price: $ 351,302
Under Contract: 9
Average Listing Price: $ 370,325
Sold Listigs: 0
Average Listing Price: $ 0
% Sales Price Versus Listing Price: 0 %
% Sales Price Versus Old Listing Price: 0 %
Average Days on The Market: 0
Average Listing Price: $ 351,302
Under Contract: 9
Average Listing Price: $ 370,325
Sold Listigs: 0
Average Listing Price: $ 0
% Sales Price Versus Listing Price: 0 %
% Sales Price Versus Old Listing Price: 0 %
Average Days on The Market: 0
Thursday, June 26, 2008
City of Rialto California Home Sales Statistics For April 2008
New Listings: 37
Average Listing Prige $ 243,593
Listings Under Contract: 3
Average Listing Price $ 198,300
Sold Listings: 2
Average Sales Price: $ 369.950
%Direfence Between Listing Price versus Selling Price: 92.50%
%Sales Price Versus Old Listing Price: 80.43%
Average Days on The Market: 171
Average Listing Prige $ 243,593
Listings Under Contract: 3
Average Listing Price $ 198,300
Sold Listings: 2
Average Sales Price: $ 369.950
%Direfence Between Listing Price versus Selling Price: 92.50%
%Sales Price Versus Old Listing Price: 80.43%
Average Days on The Market: 171
City of Rialto California Home Sales Statistics For March 2008
New Listings: 36
Average Listing Prige $ 303,616
Listings Under Contract: 2
Average Listing Price $ 259,450
Sold Listings: 1
Average Sales Price: $ 257,500
%Direfence Between Listing Price versus Selling Price: 87.32%
%Sales Price Versus Old Listing Price: 75.76%
Average Days on The Market: 136
Average Listing Prige $ 303,616
Listings Under Contract: 2
Average Listing Price $ 259,450
Sold Listings: 1
Average Sales Price: $ 257,500
%Direfence Between Listing Price versus Selling Price: 87.32%
%Sales Price Versus Old Listing Price: 75.76%
Average Days on The Market: 136
City of Rialto California Home Sales Statistics For February 2008
New Listings: 30
Average Listing Prige $ 330,815
Listings Under Contract: 2
Average Listing Price $ 289,949
Sold Listings: 3
Average Sales Price: $ 249,500
%Direfence Between Listing Price versus Selling Price: 90.31%
%Sales Price Versus Old Listing Price: 82.28%
Average Days on The Market: 76
Average Listing Prige $ 330,815
Listings Under Contract: 2
Average Listing Price $ 289,949
Sold Listings: 3
Average Sales Price: $ 249,500
%Direfence Between Listing Price versus Selling Price: 90.31%
%Sales Price Versus Old Listing Price: 82.28%
Average Days on The Market: 76
Monday, June 23, 2008
City of Rancho Mirage California Home Sales Statistics For April 2008
New Listings: 3
Average Listing Prige $ 586,666
Listings Under Contract: 0
Average Listing Price $ 0
Sold Listings: 0
Average Sales Price: $ 0
%Direfence Between Listing Price versus Selling Price: 0%
%Sales Price Versus Old Listing Price: 0%
Average Days on The Market: 0
Average Listing Prige $ 586,666
Listings Under Contract: 0
Average Listing Price $ 0
Sold Listings: 0
Average Sales Price: $ 0
%Direfence Between Listing Price versus Selling Price: 0%
%Sales Price Versus Old Listing Price: 0%
Average Days on The Market: 0
City of Rancho Mirage California Home Sales Statistics For March 2008
New Listings: 4
Average Listing Prige $ 958,500
Listings Under Contract: 0
Average Listing Price $ 0
Sold Listings: 1
Average Sales Price: $ 499,000
%Direfence Between Listing Price versus Selling Price: 97.86%
%Sales Price Versus Old Listing Price: 97.86%
Average Days on The Market: 17
Average Listing Prige $ 958,500
Listings Under Contract: 0
Average Listing Price $ 0
Sold Listings: 1
Average Sales Price: $ 499,000
%Direfence Between Listing Price versus Selling Price: 97.86%
%Sales Price Versus Old Listing Price: 97.86%
Average Days on The Market: 17
City of Rancho Mirage California Home Sales Statistics For February 2008
New Listings: 4
Average Listing Prige $ 780,725
Listings Under Contract: 1
Average Listing Price $ 509,900
Sold Listings: 1
Average Sales Price: $ 750,000
%Direfence Between Listing Price versus Selling Price: 94.10%
%Sales Price Versus Old Listing Price: 94.10%
Average Days on The Market: 5
Average Listing Prige $ 780,725
Listings Under Contract: 1
Average Listing Price $ 509,900
Sold Listings: 1
Average Sales Price: $ 750,000
%Direfence Between Listing Price versus Selling Price: 94.10%
%Sales Price Versus Old Listing Price: 94.10%
Average Days on The Market: 5
Wednesday, June 11, 2008
The Real Estate Market Is Changing For The Good
The San Fernando Valley Local Market is Rebounding, Sales of Single Family Homes Increased For The Four Consecutive Month in April, Posting The Year-To-Year Gain in 30 Months. acording to Southland Regional Association of Realtors.
Since September 2005, Has The Monthly Total Been Higher Than The Prior Year. The 547 Sales Closed in April Was Up Dramatically Compared To April 2007 with 100 Transactions, or 22.4% Higher.
The April 2008 total sales was up 31.5% Above March same year, It Has Been Climbing Month After Month Since January 2008, Spring Home Buying Season Gets Under Way and Lenders Start Writing Loans Again.
Home Buyers Started Noticing The Opportunities in Investing In Real Estate While The Prices Remain Low, Particularly First Time Buyers and Investors.
April 2008 Median Home Price Was $465,000 Comparing to $655,000 in June 2007. The Number of Active Listings At The End of April was 7234. There is a 10.4 Month Supply of Inventory of Properties. We Are In A Buyer's Market.
Ben Bernake Declared Today 06/11/08 That Interest Rates Will Increase On The Next Fed's Meeting.
Since September 2005, Has The Monthly Total Been Higher Than The Prior Year. The 547 Sales Closed in April Was Up Dramatically Compared To April 2007 with 100 Transactions, or 22.4% Higher.
The April 2008 total sales was up 31.5% Above March same year, It Has Been Climbing Month After Month Since January 2008, Spring Home Buying Season Gets Under Way and Lenders Start Writing Loans Again.
Home Buyers Started Noticing The Opportunities in Investing In Real Estate While The Prices Remain Low, Particularly First Time Buyers and Investors.
April 2008 Median Home Price Was $465,000 Comparing to $655,000 in June 2007. The Number of Active Listings At The End of April was 7234. There is a 10.4 Month Supply of Inventory of Properties. We Are In A Buyer's Market.
Ben Bernake Declared Today 06/11/08 That Interest Rates Will Increase On The Next Fed's Meeting.
Thursday, June 05, 2008
City of Pasadena California Home Sales Statistics For April 2008
New Listings: 19
Average Listing Price: $ 748,309
Listings Under Contract: 4
Average Listing Price $ 627,200
Sold Listings: 6
Average Sales Price: $ 664,650
%Direfence Between Listing Price versus Selling Price: 95.30%
%Sales Price Versus Old Listing Price: 92.66%
Average Days on The Market: 96
Average Listing Price: $ 748,309
Listings Under Contract: 4
Average Listing Price $ 627,200
Sold Listings: 6
Average Sales Price: $ 664,650
%Direfence Between Listing Price versus Selling Price: 95.30%
%Sales Price Versus Old Listing Price: 92.66%
Average Days on The Market: 96
City of Pasadena California Home Sales Statistics For March 2008
New Listings: 36
Average Listing Price: $ 550,597
Listings Under Contract: 6
Average Listing Price $ 507,966
Sold Listings: 2
Average Sales Price: $ 610,000
%Direfence Between Listing Price versus Selling Price: 92.92%
%Sales Price Versus Old Listing Price: 90.84%
Average Days on The Market: 66
Average Listing Price: $ 550,597
Listings Under Contract: 6
Average Listing Price $ 507,966
Sold Listings: 2
Average Sales Price: $ 610,000
%Direfence Between Listing Price versus Selling Price: 92.92%
%Sales Price Versus Old Listing Price: 90.84%
Average Days on The Market: 66
Wednesday, June 04, 2008
City of Pasadena California Home Sales Statistics For February 2008
New Listings: 20
Average Listing Price: $ 619,305
Listings Under Contract: 2
Average Listing Price $ 510,750
Sold Listings: 1
Average Sales Price: $ 350,000
%Direfence Between Listing Price versus Selling Price: 94.85%
%Sales Price Versus Old Listing Price: 87.52%
Average Days on The Market: 54
Average Listing Price: $ 619,305
Listings Under Contract: 2
Average Listing Price $ 510,750
Sold Listings: 1
Average Sales Price: $ 350,000
%Direfence Between Listing Price versus Selling Price: 94.85%
%Sales Price Versus Old Listing Price: 87.52%
Average Days on The Market: 54
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