Wednesday, November 14, 2012
California Real Estate Market With Multiple Offers
The combination on low inventory of homes, interest rate and home prices are making the market in California to rise. Six out of then homes are getting multiple offers according to the 2012 California Association of Realtors Market Survey.
57% of the home sales received multiple offers in 2012, the highest in the last 12 years, with each home receiving an average of 4.2 offers. Seven out of ten bank owned and short sales received multiple offers, while only half of the equity sales received more than one offer.
Home buyers are realizing that this is the time to buy a home before they keep rising, but they are finding that there is a fierce competition coming from cash buyers which most of the time are investors.
Home sales are selling faster: equity sales are taking 32 days, bank owned homes 50, while short sales take 141 days.
More than 30% of home buyers paid cash, 67% of sales were to investors, and 7% percent were to buyers who purchased 2nd homes or vacation homes.
International buyers made 5.8%: From China 39.1%,Canada 13%,India 8.7% and Mexico 8.7%.
First Time Home Buyers were attracted to low price homes like: Reo's and Short Sales, they made the 35.8% of the market.
Alberto Pacheco
818 481 9211
Monday, November 12, 2012
Quote of The Day
Bank Owned Homes Will Be Sold in Bulk in California
It was announced last week that Fannie Mae (Government Gsa), Federal Housing Finance Agency and Colony Capital are involved in the near future bulk sale of more then 400 in the Inland Empire and Los Angeles.
This is going to be very beneficial for the investors, but will affect the first time home buyers that buy from the bottom sales price home to the pricey ones; also to the move up buyes.
This move will make affordability to decrease, since investors buy low, rehab the properties and flip them at higher price.
The Median Home Price in the Inland Empire increased 15% from $ 172,000 in February 2012 to $ 198,270 in September 2012, and the inventory decreased from 5.3 months to 3.8 months on the same period.
The median home price in Los Angeles has risen 37% from $ 272,920 in February 2012 to $ 373,020 in September 2012 and the unsold inventory decrease on the same period from 5.7 months to 3.7 months.
Alberto Pacheco
818 481 9211
Keller Wiliams Realty
Monday, November 05, 2012
Newsletter Video For November 2012
Alberto Pacheco
818 481 9211
albertopacheco@kw.com
www.stoppayingrentinla.com
Saturday, November 03, 2012
Day Light Savings Ends on November 04 2012
Tonight Saturday November 03 2012 and Before You Go To Bed
Make Sure You Roll Back You Clock
1 HOUR
Since at 2AM Sunday Morning
is The Daylight Savings End.
Tuesday, October 30, 2012
Valencia California New Homes Available
For More Information Contact Me
Alberto Pacheco
818 481 9211
Keller Williams Granada Hills
Saturday, October 13, 2012
Housing Forecast For California 2013
Sunday, September 09, 2012
Down Payment Assistance For Inland Empire First Time Home Buyers
If you are a First Time Home Buyer(s) and planning to buy a house, I have good news for you.
There is Down payment assistance available, in order to qualify for it you need the following documents:
3 year Income Taxes with the W2 forms
Last 4 Pay stubs
Last 4 Bank Statements
Copy of your Drivers License
Copy of your Social Security Card
Another requirements is to not Own a home or being on anybody's mortgage loan in the last 3 years. There is more details to it, for that you can email me at: albertopacheco@kw.com or you can call me at 818 481 9211 and I will be happy to assist you.
Take advantage of this offer.
Alberto Pacheco
818 48 9211
albertopacheco@kw.com
My Website My Facebook My Twitter
There is Down payment assistance available, in order to qualify for it you need the following documents:
3 year Income Taxes with the W2 forms
Last 4 Pay stubs
Last 4 Bank Statements
Copy of your Drivers License
Copy of your Social Security Card
Another requirements is to not Own a home or being on anybody's mortgage loan in the last 3 years. There is more details to it, for that you can email me at: albertopacheco@kw.com or you can call me at 818 481 9211 and I will be happy to assist you.
Take advantage of this offer.
Alberto Pacheco
818 48 9211
albertopacheco@kw.com
My Website My Facebook My Twitter
Saturday, August 25, 2012
Granada Hills California Home Sales Statistics
GRANADA HILLS CALIFORNIA
Granada Hills is a Vibrant City located in the North East Side of the
San Fernando Valley and is Surrounded on the North East Side by Sylmar ,
South Side by Norh Hills, East side by Mission Hills and West Side by
Northridge. it can be reached by the following freeways: from the North
and South by the 405 Freeway and East- West by 118 Freeway.
There are over 12,000 single family homes in Granada Hills.
Real Estate Market Update For Granada Hills California
As of today 08/25/12 there are 60 Active detached and
attached available homes for sale, and there is three type of sales:
Standard Sale, Short Sales and Reo's aka Bank Owned Homes.
Standard Sales
The Real Estate Market is extremely active with 46 Standard Sales.
Lowest Priced Home at $ 339,000, The Highest Priced at $ 1,695,000 and
the Average Price $ 619,752. Minimum Bedrooms: 3, Maximum 6, and Average
4. Days on the Market: Minimum 1, Maximum 514 and Average 68.
Lowest square feet home 1053 with a Lot of 6817 sq feet, Maximum home
size 6380 sq feet and a Lot of of 62,290 sq feet, Average Size Home 2559
sq feet and Lot of 14,005 sq feet.
The reason of 514 days on the market is because some short sales take a
while to close and the reason behind that is that many times the
buyers walk away from the purchase since it takes a while to get
approved, some times more than 60 days. When the buyer walks away we
have to start a new short sale process from scratch.
Bank Owned Homes aka Reo's
There are only 3 available homes for sale, Lowest priced $ 286,100,
Maximum $ 569,000 and Average $ 381,667. Minimum Days on The Market 15,
Maximum 71 and Average 38. Smallest square feet home 1275 and 6952 lot
size; Biggest 2528 sq ft home and 11028 sq ft Lot, Average 1718 sq ft
home and 8728 sq ft Lot.
Short Sales
Only 11 homes for sale are short sales, the Lowest Priced is $ 248,000,
Highest Priced $ 1,499,000, and Average Priced $ 570,264. Minimum
bedrooms 3 and 2 Bath, Maximum 6 Bedrooms and 8 Bath and Average 4
Bedrooms and 3 Baths. Smallest House 1169 sq ft and Lot 6890 sq ft.
Maximium 2739 sq ft Home and 11259 sq ft Lot.
There are multiple offers within 24 hours on every listing that hits
the market, this year 2012 most home owners are going to end up with
some home equity.
Only 3 Condo / Townhomes Available in the market with 28 days in the
market, 2 bedrooms and 2 bath listed at $ 329,500 and 1112 sq ft. The
Maximum Price $ 358,990 with 49 days on the market, 4 bedrooms and 3
bath, 1528 sq ft. Average $ 342827 with 39 days on the market, 3
bedrooms, 2.67 bath and 1322 sq ft.
Pending Home Sales: 82, from those: 26 Are Standard Sales, 5 are Bank Owned aka REO, 1 Probate Sale and 50 Short Sales.
Pending Condo / Townhome Sales: 8, from those: 6 are Standard Sales and 2 are Short Sales.
Expired Listing Homes Between 08/01/12 to 08/25/12: 5, from those 4 were Short Sales and 1 Standard Sale.
Expired Condo / Townhomes 08/01/12 to 08/25/12 : 1 and was a Short Sale.
Canceled Home Listings Between 08/01/12 to 08/25/12: 9, from those 2 were Standard Sales and 7 Short Sales
Hold Do Not Show Listings Between 08/01/12 to 08/25/12: 5, from those 1 is Standard Sale and 4 Short Sales.
Withdrawn Home Listings Between 08/01/12 to 08/25/12; 1 Standard Sale.
Saturday, August 04, 2012
Thursday, August 02, 2012
Wednesday, August 01, 2012
What is Real Estate?
I AM THE BASIS OF ALL WEALTH
THE HERITAGE OF THE WISE, THE THRIFTY AND THE PRUDENT.
i AM THE POOR MAN'S JOY AND COMFORT,
THE RICH MAN'S PRIZE,
RIGHT HAND OF CAPITAL,
THE SILENT PARTNER OF MANY THOUSANDS OF SUCCESFUL MEN.
I AM THE SOLACE OF THE WIDOW,
THE COMFORT OF THE OLD AGE,
THE CORNERSTONE OF SECURITY AGAINST MISFORTUNE AND WANT.
I AM HANDED DOWN TO CHILDREN THROUGH GENERATIONS,
AS A THING OF GREATEST WEALTH.
YES,
I AM REAL ESTATE
BUY ME AND KEEP ME.
LATER I WILL KEEP YOU FINANCIALLY!
ARE YOU READY AND WILLING TO INVEST IN REAL ESTATE?
I AM HERE TO HELP.
Sunday, July 22, 2012
Tuesday, July 03, 2012
Friday, June 15, 2012
Granada Hills Home Listings Activity
As of Today 06/15/12 there are 58 home listings in Granada Hills, from those:
There are 30 listings with prices between 275K and 500K
9 of them are short sales and 21 are standard sales, no probate or bank owned homes
17 Listings priced between 501K and 750K
3 of them are short sales and 14 are standard sales, no probate or bank owned homes
8 Listings priced between 751K and 1 Million and all of them are standard sales, no probates or reo's
3 Listings priced between 1,000,000 and 1,700,000
2 of them are standard sales and 1 short sale, no bank owned homes or probates.
Price Analysis: Days on the Market
Maximum Price: $ 1,695,000 451
Lowest Price: $ 275,000 0
Average Price: $ 569,558 65
Granada Hills Real Estate Market is comprised for 78% of the market are standard sales, the bank owned homes have been mostly absent in the last 3 months.
Alberto Pacheco
818 481 9211
Keller Williams Granada Hills
My Website My Facebook My Twitter
There are 30 listings with prices between 275K and 500K
9 of them are short sales and 21 are standard sales, no probate or bank owned homes
17 Listings priced between 501K and 750K
3 of them are short sales and 14 are standard sales, no probate or bank owned homes
8 Listings priced between 751K and 1 Million and all of them are standard sales, no probates or reo's
3 Listings priced between 1,000,000 and 1,700,000
2 of them are standard sales and 1 short sale, no bank owned homes or probates.
Price Analysis: Days on the Market
Maximum Price: $ 1,695,000 451
Lowest Price: $ 275,000 0
Average Price: $ 569,558 65
Granada Hills Real Estate Market is comprised for 78% of the market are standard sales, the bank owned homes have been mostly absent in the last 3 months.
Alberto Pacheco
818 481 9211
Keller Williams Granada Hills
My Website My Facebook My Twitter
Saturday, March 10, 2012
Daylight Saving Starts on March 11, 2012
Friday, March 02, 2012
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