Category Archives: LA HABRA AND BREA HOMES
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Renee Baccaro Realtor
|710 Greenway Ter|
Read abouve…then call me Easy to show: Renee Baccaro Realtor (562) 972-9886 Lic. 01718366
Well, Quick Data has them…and here they are, like em or not.
California September Home SalesOctober 21, 2010 An estimated 33,176 new and resale houses and condos were sold statewide last month. That was down 3.1 percent from 34,239 in August, and down 17.5 percent from 40,216 for September 2009. California sales for the month of September have varied from a low of 24,460 in 2007 to a high of 68,114 in 2005, while the average is 44,310.
The median price paid for a home last month was $265,000, up 1.9 percent from $260,000 in August, and up 5.6 percent from $251,000 for September a year ago. The year-over-year increase was the 11th in a row, following 27 months of year-over-year declines. The bottom of the current cycle saw a median of $221,000 in April 2009, while the peak was $484,000 in early 2007.
Of the existing homes sold last month, 35.8 percent were properties that had been foreclosed on during the past year. That was up from a revised 35.7 percent in August and down from 41.7 percent in September a year ago. The all-time high was in February 2009 at 58.5 percent.
Now that the elections are over we can focus on our own lives again…and go back to our daily humdrum activities we creators of habit require. We will have to live with out the entertaining commercials watching the candidates tormenting each other spending millions of dollars to do so, will we all struggle to pay our cable bill. Oh yes, the holidays are just around the corner. Corporations like Toys R Us, Best Buy, and JC Penny’s are hiring for the up coming holidays, so get your teens out there and put a pen in their pocket before you push them out the door!
I am reading the same old negative news from our economist and politicians to prepare for a tight light 2010 holiday season. We are told to prepare for a tighter 2011 as well. Now, I have always enjoyed being an optimist, but I realize right now that may be self-sabotaging as far as believing things will miraculously turn around in our California Real Estate Market. I am a Realtor in southern California, hard to see ahead with out shuttering a bit. There are thousands of foreclosures waiting to be listed by Freddie Mac and Fannie Mae. How can that be a good thing? With Short-Sales and so many vacancies. Well, lets look at the positive aspects; no matter what happens if you buy a home now you will pay a very low price and if you get a loan you can lock in in at alarmingly low-interest rates. How can that be a bad thing? For the buyers its fantastic. For the Sellers, if you plan on selling your home and purchasing another home. In this instance you will benefit from a lower property tax rate by purchasing a lower-priced home. Therefor, there is a benefit for each side.
Call Renee Baccaro Realtor Short Sale Specialist with The Real Estate Geeks!
http://goaskrenee.com Search for Homes on the SoCalMLS Free.
Links: The entire article: OC City list of sales for Sept.
Daily Real Estate News | October 25, 2010 |
10% Jump in September Existing-Home Sales
Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, rose 10 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but remain 19.1 percent below the 5.60 million-unit pace in September 2009 when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November.
Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions,” he said.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage fell to a record low 4.35 percent in September from 4.43 percent in August; the rate was 5.06 percent in September 2009.
The national median existing-home price for all housing types was $171,700 in September, which is 2.4 percent below a year ago. Distressed homes accounted for 35 percent of sales in September compared with 34 percent in August; they were 29 percent in September 2009.
NAR President Vicki Cox Golder said opportunities abound in the current market. “A decade ago, mortgage rates were almost double what they are today, and they’re about one-and-a-half percentage points lower than the peak of the housing boom in 2005,” she said. “In addition, home prices are running about 22 percent less than five years ago when they were bid up by the biggest housing rush on record.”
To illustrate the jump in housing affordability, the median monthly mortgage payment for a recently purchased home is several hundred dollars less than it was five years ago. “In fact, the median monthly mortgage payment in many areas is less than people are paying for rent,” Golder said.
Housing affordability conditions today are 60 percentage points higher than during the housing boom, so it has become a very strong buyers’ market, especially for families with long-term plans. “The savings today’s buyers are receiving are not a one-time benefit. Buyers with fixed-rate mortgages will save money every year they are living in their home – this is truly an example of how home ownership builds wealth over the long term,” Golder added.
Total housing inventory at the end of September fell 1.9 percent to 4.04 million existing homes available for sale, which represents a 10.7-month supply at the current sales pace, down from a 12-month supply in August. Raw unsold inventory is 11.7 percent below the record of 4.58 million in July 2008.
“Vacant homes and homes where mortgages have not been paid for an extended number of months need to be cleared from the market as quickly as possible, with a new set of buyers helping the recovery along a healthy path,” Yun said. “Inventory remains elevated and continues to favor buyers over sellers. A normal seasonal decline in inventory is expected through the upcoming months.”
A parallel NAR practitioner survey shows first-time buyers purchased 32 percent of homes in September, almost unchanged from 31 percent in August. Investors were at an 18 percent market share in September, down from 21 percent in August; the balance of purchases were by repeat buyers. All-cash sales were at 29 percent in September compared with 28 percent in August.
Single-family home sales increased 10 percent to a seasonally adjusted annual rate of 3.97 million in September from a pace of 3.61 million in August, but are 19.5 percent below the 4.93 million level in September 2009. The median existing single-family home price was $172,600 in September, down 1.9 percent from a year ago.
Existing condominium and co-op sales rose 9.8 percent to a seasonally adjusted annual rate of 560,000 in September from 510,000 in August, but are 16.2 percent lower than the 668,000-unit level one year ago. The median existing condo price was $165,400 in September, down 6.2 percent from September 2009.
Existing-home sales by region:
Northeast – increased 10.1 percent to an annual pace of 760,000 in September but are 20.8 percent below September 2009. The median price in the Northeast was $239,200, which is 1.4 percent below a year ago.
Midwest – jumped 14.5 percent in September to a level of 950,000 but are 26.4 percent below a year ago. The median price in the Midwest was $139,700, down 5.2 percent from September 2009.
South – sales rose 10.6 percent to an annual pace of 1.77 million in September but are 14.9 percent lower than September 2009. The median price in the South was $149,500, down 2.6 percent from a year ago.
West – increased 5.0 percent to an annual level of 1.05 million in September but are 16.7 percent below a year ago. The median price in the West was $213,600, which is 4.9 percent lower than September 2009.
5 0 North La Habra Home: $423k north of Whittier Blvd . Ranch Style, One Level Floor 3 bedroom 2 bath beautiful pool home. Square Feet: 1,874 Assessor and Lot Size: 7,350.
On 4th of July the neighbors set the lawn chairs out and watch La Habra High School firework…a little inside secret!
Call me if you want to see this listing. Renee 562.972.9886