New Listings: 56
Average Listing Price: $ 1,919,187
Under Contract: 14
Average Listing Price: $ 1,689,853
Sold Listigs: 23
Average Listing Price: $ 1,170.200
% Sales Price Versus Listing Price: 94.73 %
Sales Price Versus Old Listing Price: 93.11 %
Average Days on The Market: 59
Saturday, November 08, 2008
Tuesday, November 04, 2008
First Time Home Buyer Tax Credit
One of the most exciting new provision of the Housing and Economic Recovery Act of 2008 is the Fist Time Homebuyer Tax Credit. The credit is designed to encourage first time home buyers to go ahead and make their first purchase.
Things To Keep In Mind
The credit is available for homes purchased between April 9, 2008 and July 1,2009
The credit amounts to 10% of the purchase price of the home not to exceed $7,500
A first time home buyer is defined as someone who has not owned a home in the last three years.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit works like an interest free loan and must be repaid over a 15 year period.
How Does The Tax Credit Work?
A tax credit is a special provision that reduces the income tax liability on a dollar for dollar basis. When filing a tax return, you must include income items, deductions items and the number of exemptions, among other things, to figure your total tax liability. If your total tax liability end up being $7,500, and you qualify for the full $7,500 tax credit, this credit would be applied and would wipe out all of tax due. If yur employer had already deducted the $7,500 from your pay checks throughout the year, you would receive a tax refund of $ 7,500.
Does This Credit Has To Be Repaid?
Yes, the credit does have to be reapid, so it is really more like an interest free loan. Home buyers will be required to repay the credit to the government, without interest over 15 years ow when they sell the house, if theres is sufficient capital gain from the sale. For example, a homebuyer claiming $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax reeturn, a $500 payment is not due until the 2010 tax return is filed. If the homeowner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.
For more information on this tax credit or other changes resulting from the Housing and Recovery Act of 2008 please visit: http://www.hud.gov/news/recoveryactfaq.cfm.
Things To Keep In Mind
The credit is available for homes purchased between April 9, 2008 and July 1,2009
The credit amounts to 10% of the purchase price of the home not to exceed $7,500
A first time home buyer is defined as someone who has not owned a home in the last three years.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit works like an interest free loan and must be repaid over a 15 year period.
How Does The Tax Credit Work?
A tax credit is a special provision that reduces the income tax liability on a dollar for dollar basis. When filing a tax return, you must include income items, deductions items and the number of exemptions, among other things, to figure your total tax liability. If your total tax liability end up being $7,500, and you qualify for the full $7,500 tax credit, this credit would be applied and would wipe out all of tax due. If yur employer had already deducted the $7,500 from your pay checks throughout the year, you would receive a tax refund of $ 7,500.
Does This Credit Has To Be Repaid?
Yes, the credit does have to be reapid, so it is really more like an interest free loan. Home buyers will be required to repay the credit to the government, without interest over 15 years ow when they sell the house, if theres is sufficient capital gain from the sale. For example, a homebuyer claiming $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax reeturn, a $500 payment is not due until the 2010 tax return is filed. If the homeowner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.
For more information on this tax credit or other changes resulting from the Housing and Recovery Act of 2008 please visit: http://www.hud.gov/news/recoveryactfaq.cfm.
Tuesday, October 21, 2008
City of Baldwin Park California Home Sales Statistics September 2008
New Listings: 24
Average Listing Price: $ 277,452
Under Contract: 7
Average Listing Price: $ 267,657
Sold Listigs: 9
Average Listing Price: $ 270,222
% Sales Price Versus Listing Price: 98.82 %
Sales Price Versus Old Listing Price: 88.10 %
Average Days on The Market: 74
Average Listing Price: $ 277,452
Under Contract: 7
Average Listing Price: $ 267,657
Sold Listigs: 9
Average Listing Price: $ 270,222
% Sales Price Versus Listing Price: 98.82 %
Sales Price Versus Old Listing Price: 88.10 %
Average Days on The Market: 74
City of Baldwin Park California Home Sales Statistics August 2008
New Listings: 12
Average Listing Price: $ 245,316
Under Contract: 5
Average Listing Price: $ 253,380
Sold Listigs: 11
Average Listing Price: $ 246,545
% Sales Price Versus Listing Price: 98.00 %
Sales Price Versus Old Listing Price: 84.75 %
Average Days on The Market: 75
Average Listing Price: $ 245,316
Under Contract: 5
Average Listing Price: $ 253,380
Sold Listigs: 11
Average Listing Price: $ 246,545
% Sales Price Versus Listing Price: 98.00 %
Sales Price Versus Old Listing Price: 84.75 %
Average Days on The Market: 75
City of Baldwin Park California Home Sales Statistics For July 2008
New Listings: 21
Average Listing Price: $ 269,214
Under Contract: 10
Average Listing Price: $ 234,860
Sold Listigs: 2
Average Listing Price: $ 190,000
% Sales Price Versus Listing Price: 102.73 %
Sales Price Versus Old Listing Price: 75.26 %
Average Days on The Market: 156
Average Listing Price: $ 269,214
Under Contract: 10
Average Listing Price: $ 234,860
Sold Listigs: 2
Average Listing Price: $ 190,000
% Sales Price Versus Listing Price: 102.73 %
Sales Price Versus Old Listing Price: 75.26 %
Average Days on The Market: 156
City of Baldwin Park California Home Sales Statistics For June 2008
New Listings: 20
Average Listing Price: $ 280,777
Under Contract: 5
Average Listing Price: $ 234,940
Sold Listigs: 5
Average Listing Price: $ 276,600
% Sales Price Versus Listing Price: 100.02 %
Sales Price Versus Old Listing Price: 92.64 %
Average Days on The Market: 67
Average Listing Price: $ 280,777
Under Contract: 5
Average Listing Price: $ 234,940
Sold Listigs: 5
Average Listing Price: $ 276,600
% Sales Price Versus Listing Price: 100.02 %
Sales Price Versus Old Listing Price: 92.64 %
Average Days on The Market: 67
City of Baldwin Park California Home Sales Statistics For May 2008
New Listings: 24
Average Listing Price: $ 300,490
Under Contract: 4
Average Listing Price: $ 301,225
Sold Listigs: 3
Average Listing Price: $ 316,666
% Sales Price Versus Listing Price: 100.24 %
Sales Price Versus Old Listing Price: 90.07 %
Average Days on The Market: 89
Average Listing Price: $ 300,490
Under Contract: 4
Average Listing Price: $ 301,225
Sold Listigs: 3
Average Listing Price: $ 316,666
% Sales Price Versus Listing Price: 100.24 %
Sales Price Versus Old Listing Price: 90.07 %
Average Days on The Market: 89
Saturday, October 18, 2008
City of Avalon California Home Sales Statistics September 2008
New Listings: 3
Average Listing Price: $ 733,000
Under Contract: 1
Average Listing Price: $ 830,000
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: $ 733,000
Under Contract: 1
Average Listing Price: $ 830,000
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
City of Avalon Home Sales Statistics August 2008
New Listings: 4
Average Listing Price: $ 726,500
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 1
Average Listing Price: $ 1,300,000
% Sales Price Versus Listing Price: 85.25 %
Sales Price Versus Old Listing Price: 76.47 %
Average Days on The Market: 153
Average Listing Price: $ 726,500
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 1
Average Listing Price: $ 1,300,000
% Sales Price Versus Listing Price: 85.25 %
Sales Price Versus Old Listing Price: 76.47 %
Average Days on The Market: 153
City of Avalon California Home Sales Statistics July 2008
New Listings: 6
Average Listing Price: $ 2,058,125
Under Contract: 1
Average Listing Price: $ 1,525,000
Sold Listigs: 1
Average Listing Price: $ 550,000
% Sales Price Versus Listing Price: 92.44 %
Sales Price Versus Old Listing Price: 68.84 %
Average Days on The Market: 527
Average Listing Price: $ 2,058,125
Under Contract: 1
Average Listing Price: $ 1,525,000
Sold Listigs: 1
Average Listing Price: $ 550,000
% Sales Price Versus Listing Price: 92.44 %
Sales Price Versus Old Listing Price: 68.84 %
Average Days on The Market: 527
City of Avalon California Home Sales Statistics June 2008
New Listings: 3
Average Listing Price: $ 1,619,616
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 1
Average Listing Price: $ 759,000
% Sales Price Versus Listing Price: 100.00 %
Sales Price Versus Old Listing Price: 100.00 %
Average Days on The Market: 90
Average Listing Price: $ 1,619,616
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 1
Average Listing Price: $ 759,000
% Sales Price Versus Listing Price: 100.00 %
Sales Price Versus Old Listing Price: 100.00 %
Average Days on The Market: 90
City of Avalon California Home Sales Statistics For May 2008
New Listings: 3
Average Listing Price: $ 1,406,666
Under Contract: 1
Average Listing Price: $ 759,000
Sold Listigs: 1
Average Listing Price: $ 815,000
% Sales Price Versus Listing Price: 96.00 %
Sales Price Versus Old Listing Price: 85.88 %
Average Days on The Market: 314
Average Listing Price: $ 1,406,666
Under Contract: 1
Average Listing Price: $ 759,000
Sold Listigs: 1
Average Listing Price: $ 815,000
% Sales Price Versus Listing Price: 96.00 %
Sales Price Versus Old Listing Price: 85.88 %
Average Days on The Market: 314
Tuesday, October 07, 2008
City of Altadena Home Sales Statistics For Septiember 2008
New Listings: 4
Average Listing Price: $ 521,169
Under Contract: 4
Average Listing Price: $ 439,425
Sold Listigs: 3
Average Listing Price: $ 418,583
% Sales Price Versus Listing Price: 95.33 %
Sales Price Versus Old Listing Price: 93.97 %
Average Days on The Market: 55
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
Average Listing Price: $ 521,169
Under Contract: 4
Average Listing Price: $ 439,425
Sold Listigs: 3
Average Listing Price: $ 418,583
% Sales Price Versus Listing Price: 95.33 %
Sales Price Versus Old Listing Price: 93.97 %
Average Days on The Market: 55
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
City of Altadena California Home Sales Statistics For August 2008
New Listings: 6
Average Listing Price: $ 476,616
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 3
Average Listing Price: $ 363,333
% Sales Price Versus Listing Price: 104.84 %
% Sales Price Versus Old Listing Price: 104.84 %
Average Days on The Market: 44
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
Average Listing Price: $ 476,616
Under Contract: 0
Average Listing Price: $ 0
Sold Listigs: 3
Average Listing Price: $ 363,333
% Sales Price Versus Listing Price: 104.84 %
% Sales Price Versus Old Listing Price: 104.84 %
Average Days on The Market: 44
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
City of Altadena California Home Sales Statistics For July 2008
New Listings: 5
Average Listing Price: $ 548,515
Under Contract: 5
Average Listing Price: $ 363,240
Sold Listigs: 2
Average Listing Price: $ 520,000
% Sales Price Versus Listing Price: 96.41 %
% Sales Price Versus Old Listing Price: 81.99 %
Average Days on The Market: 180
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
Average Listing Price: $ 548,515
Under Contract: 5
Average Listing Price: $ 363,240
Sold Listigs: 2
Average Listing Price: $ 520,000
% Sales Price Versus Listing Price: 96.41 %
% Sales Price Versus Old Listing Price: 81.99 %
Average Days on The Market: 180
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
City of Altadena California Home Sales Statistics For June 2008
New Listings: 10
Average Listing Price: $ 481,614
Under Contract:2
Average Listing Price: $ 361,842
Sold Listigs: 4
Average Listing Price: $ 767,000
% Sales Price Versus Listing Price: 95.55 %
% Sales Price Versus Old Listing Price: 88.65 %
Average Days on The Market: 117
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
Average Listing Price: $ 481,614
Under Contract:2
Average Listing Price: $ 361,842
Sold Listigs: 4
Average Listing Price: $ 767,000
% Sales Price Versus Listing Price: 95.55 %
% Sales Price Versus Old Listing Price: 88.65 %
Average Days on The Market: 117
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
City of Altadena California Home Sales Stadistics For May 2008
New Listings: 4
Average Listing Price: $ 617,450
Under Contract: 3
Average Listing Price: $ 446,958
Sold Listigs: 4
Average Listing Price: $ 416,000
% Sales Price Versus Listing Price: 105.05 %
% Sales Price Versus Old Listing Price: 96.25 %
Average Days on The Market: 37
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
Average Listing Price: $ 617,450
Under Contract: 3
Average Listing Price: $ 446,958
Sold Listigs: 4
Average Listing Price: $ 416,000
% Sales Price Versus Listing Price: 105.05 %
% Sales Price Versus Old Listing Price: 96.25 %
Average Days on The Market: 37
http://www.sfvalleyhotproperties.com Foreclosures, Hud Homes, Probates
Monday, September 29, 2008
City of Woodland Hills California Home Sales Statistics For April 2008
New Listings: 119
Average Listing Price: $ 739,751
Under Contract: 50
Average Listing Price: $ 632,807
Sold Listigs: 34
Average Listing Price: $ 644,647
% Sales Price Versus Listing Price: 95.09 %
% Sales Price Versus Old Listing Price: 87.87 %
Average Days on The Market: 87
Average Listing Price: $ 739,751
Under Contract: 50
Average Listing Price: $ 632,807
Sold Listigs: 34
Average Listing Price: $ 644,647
% Sales Price Versus Listing Price: 95.09 %
% Sales Price Versus Old Listing Price: 87.87 %
Average Days on The Market: 87
City of Woodland Hills California Home Sales Statistics For March 2008
New Listings: 144
Average Listing Price: $ 764,433
Under Contract: 28
Average Listing Price: $ 584.985
Sold Listigs: 42
Average Listing Price: $ 525.046
% Sales Price Versus Listing Price: 94.73 %
% Sales Price Versus Old Listing Price: 88.22 %
Average Days on The Market: 47
Average Listing Price: $ 764,433
Under Contract: 28
Average Listing Price: $ 584.985
Sold Listigs: 42
Average Listing Price: $ 525.046
% Sales Price Versus Listing Price: 94.73 %
% Sales Price Versus Old Listing Price: 88.22 %
Average Days on The Market: 47
City of Woodland Hills California Home Sales Statistics For February 2008
New Listings: 125
Average Listing Price: $ 839,741
Under Contract: 26
Average Listing Price: $ 636,605
Sold Listigs: 33
Average Listing Price: $ 638,571
% Sales Price Versus Listing Price: 90.37 %
% Sales Price Versus Old Listing Price: 85.67 %
Average Days on The Market: 65
Average Listing Price: $ 839,741
Under Contract: 26
Average Listing Price: $ 636,605
Sold Listigs: 33
Average Listing Price: $ 638,571
% Sales Price Versus Listing Price: 90.37 %
% Sales Price Versus Old Listing Price: 85.67 %
Average Days on The Market: 65
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