How’s the Market??? Snapshot for June 2016- Real Estate Market Trends

Here is this month’s How’s the Market??? Snapshot. If you saw last month’s Snapshot you will notice that our local real estate trends show median prices are still creeping up, its just taking a little longer for homes to sell! If Hows the market imageyou would like more detailed information about how much your home is now worth after the Real Estate Crash, send me an email, text, or call me. I’ll be more than happy to provide you with a Free, no obligation report of what its worth and things you can do to improve the value of your home.
I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot June 27, 2016
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active 30 Days Trend Number of Listings
Los Angeles County, CA
Single Family under $1M $603,548 1.46% $599,000 3.28% 61 0 7894
Single Family over $1M $3,418,896 -3.43% $1,990,000 -0.45% 82 1 6147
Condo/Townhome under $600K $399,871 1.20% $400,000 0.25% 56 -1 2101
Condo/Townhome over $600K $1,161,368 -3.71% $888,000 -1.22% 59 1 1571
Riverside County, CA
Single Family under $500K $341,969 0.04% $349,000 0.03% 79 0 5655
Single Family over $500K $1,562,278 -1.81% $939,000 -0.95% 102 1 6359
Condo/Townhome under $300K $206,691 -0.43% $214,900 -0.05% 120 3 1035
Condo/Townhome over $300K $603,547 0.69% $499,000 0.81% 89 -2 1432
San Bernardino County, CA
Single Family under $500K $300,429 1.79% $299,900 0.30% 87 -1 4645
Single Family over $500K $1,671,680 -3.16% $975,000 -1.40% 88 0 4613
Condo/Townhome under $300K $197,325 -0.94% $219,800 2.23% 77 -2 223
Condo/Townhome over $300K $701,870 -4.00% $598,000 -4.32% 44 0 819
Orange County, CA
Single Family under $1M $781,130 0.21% $770,000 -0.76% 59 2 5238
Single Family over $1M $3,477,692 -1.67% $2,200,888 -4.10% 95 2 3224
Condo/Townhome under $600K $420,328 1.17% $429,000 0.94% 54 1 1485
Condo/Townhome over $600K $1,004,403 -1.77% $799,900 -1.84% 61 3 1038
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Sincerely,
Yesenia E. Ruvalcaba-Garcia, Broker
Realtor®/HUD REO & Listing Specialist
Direct (626) 252-0839
Office (626) 917-6200 ext. 14
Cell Phone (626) 252-0839
Fax (626) 209-8318
CalBRE License Number: 01293970
yeseniaruvalcaba@aol.com
newcenturybroker.com
New Century Realtors

How’s the Market??? Snapshot for May 2016- Real Estate Market Trends

Here is this month’s How’s the Market??? Snapshot. If you saw last month’s Snapshot you will notice that our local real estate trends show median prices are still creeping up, its just taking a little longer for homes to sell! If Hows the market imageyou would like more detailed information about how much your home is now worth after the Real Estate Crash, send me an email, text, or call me. I’ll be more than happy to provide you with a Free, no obligation report of what its worth and things you can do to improve the value of your home.


I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot May 28, 2016
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active 30 Days Trend Number of Listings
Los Angeles County, CA
Single Family under $1M $594,878 1.92% $580,000 1.93% 61 -2 7301
Single Family over $1M $3,540,466 -1.93% $1,999,000 -3.89% 81 -2 5624
Condo/Townhome under $600K $395,119 0.15% $399,000 0.00% 57 -2 1934
Condo/Townhome over $600K $1,206,112 -2.46% $899,000 0.45% 57 -1 1470
Riverside County, CA
Single Family under $500K $341,816 0.81% $348,900 1.16% 79 -3 5584
Single Family over $500K $1,591,035 -0.58% $948,000 0.11% 101 0 6197
Condo/Townhome under $300K $207,583 1.19% $215,000 2.38% 117 1 1119
Condo/Townhome over $300K $599,431 5.38% $495,000 4.21% 91 -1 1455
San Bernardino County, CA
Single Family under $500K $295,148 0.42% $299,000 2.05% 88 -3 4428
Single Family over $500K $1,726,264 -2.59% $988,888 -0.96% 89 -1 4130
Condo/Townhome under $300K $199,206 1.79% $215,000 0.00% 79 -3 239
Condo/Townhome over $300K $731,085 6.36% $625,000 4.34% 44 1 726
Orange County, CA
Single Family under $1M $779,477 1.26% $775,900 1.44% 57 -3 4745
Single Family over $1M $3,536,817 0.38% $2,295,000 0.00% 93 1 3030
Condo/Townhome under $600K $415,469 1.55% $425,000 1.92% 53 -2 1342
Condo/Townhome over $600K $1,022,517 -0.96% $814,900 -0.83% 58 1 973
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Sincerely,
Yesenia E. Ruvalcaba-Garcia, Broker
Realtor®/HUD REO & Listing Specialist
Direct (626) 252-0839
Office (626) 917-6200 ext. 14
Cell Phone (626) 252-0839
Fax (626) 209-8318
CalBRE License Number: 01293970
yeseniaruvalcaba@aol.com
newcenturybroker.com
New Century Realtors

The National Housing Market: Low Inventory, Higher Prices

Every major region of the country saw existing-home sales climb in March. The large gains posted in the Northeast and Midwest helped sales climb 1.5 percent higher than a year ago. Buyers in these regions overcame inventory woes and affordability issues to make their home purchases. On the supply side, there were 1.98 million existing homes for sale at the end of March; at the current sales pace, this represents a 4.5-month supply. Inventory was 5.9 percent higher than a month ago but 1.5 percent lower than a year ago, when housing inventory stood at 2.01 million. This lack of inventory helped drive home prices up. In March, the median existing-home price for all housing types reached $222,700, a rise of 5.7 percent year over year. For the past 49 consecutive months, median prices have seen year-over-year gains, making home affordability a growing concern for buyers.

The Starter Market
First-time buyers accounted for 30 percent of all buyers in March, a figure that is unchanged from both a month ago and a year ago. For all of 2015, the share of first-time buyers in the market was also at 30 percent. According to Lawrence Yun, chief economist of the National Association of Realtors, “With rents steadily rising and average fixed rates well below 4 percent, qualified first-time buyers should be more active participants than what they are right now.” Unfortunately, the same barriers to market entry that stymied first-time buyers in the past are still in place—affordability issues and low availability of starter homes on the market.

The Money-Making Market
Investors are another group who managed to maintain their share of the housing market. All-cash sales remained the same from February to March, accounting for 25 percent of all transactions, up 1 percent from a year ago. Individual investors are behind many of the all-cash sales; in March, 66 percent of them paid for their investments with cash. Of all the homes sold in March, 14 percent were purchased by individual investors, a 4 percent decline from a month ago but unchanged from a year ago.

Regional Home Sales

Northeast: Existing-home sales’ annual rate: 700,000, an increase of 11.1 percent. Sales are 7.7 percent higher than March 2015.

Midwest: Existing-home sales’ annual rate: 1.23 million, an increase of 9.8 percent. Sales are 0.8 percent higher than March 2015.

South: Existing-home sales’ annual rate: 2.25 million, an increase of 2.7 percent. Sales are 2.3 percent higher than March 2015.

West: Existing-home sales’ annual rate: 1.15 million, an increase of 1.8 percent. Sales are 2.5 percent lower than March 2015.

1-626-252-0839 Sell While the Market is HOTT!  What’s Your Home Worth? Find out Now! 

If you’ve been thinking about selling your home, chances are that you’re excited about the possibility of moving and starting a new chapter of your life. Simply deciding to sell your home isn’t enough, though. The process of putting your home on the market can be overwhelming and time-consuming, so before you try to sell your property, you need to ask yourself a few questions. Being honest with yourself and with the people around you will help you have a more positive selling experience when you’re ready to move. 

Small Gains in the National Housing Market

Freddie Mac’s Multi-Indicator Market Index (MiMi) analyzes home-purchase applications, payment-to-income ratios, employment figures, and the number of on-time mortgage payments in markets across the country to determine the stability of the housing market. All of these indicators point to a slight improvement in the housing market as it heads into the busy spring season. January’s national MiMi value reached 82.7; while this isn’t as impressive as the all-time high MiMi value of 121.7, it is still a 40 percent improvement over the MiMi’s all-time low back in October 2010. January’s MiMi saw a three-month increase of 1.46 percent. Year-over-year values showed greater gains, with a 7.57 percent climb.

National Pending Home Sales
The Pending Home Sales Index, an indicator based on contract signings, reached 109.1 in February, a 3.5 percent increase from the downwardly revised 105.4 in January. This is a 0.7 percent improvement from February 2015’s index of 108.3. The index has seen year-over-year gains for the past 18 months, yet this last gain was the smallest of the lot.

Regional Pending Home Sales
In the Northeast, the Pending Home Sales Index fell 0.2 percent; it is still 12.6 percent higher than February 2015. The Midwest saw the index climb an impressive 11.4 percent month over month and 2.5 percent year over year. The index rose 2.1 percent and 0.7 percent in the South and the West, respectively. Compared to February 2015, the index dropped 0.4 percent in the South and 6.2 percent in the West.?

Future Predictions
Economists with the National Association of Realtors predict that existing-home sales will reach 5.38 million this year—up 2.4 percent from 2015. The national median existing-home price should also climb between 4 and 5 percent. In comparison, 2015 saw existing-home sales rise 6.3 percent, with home prices increasing 6.8 percent.

1-626-252-0839 Sell While the Market is HOTT!

What’s Your Home Worth? Find out Now!

 

If you’ve been thinking about selling your home, chances are that you’re excited about the possibility of moving and starting a new chapter of your life. Simply deciding to sell your home isn’t enough, though. The process of putting your home on the market can be overwhelming and time-consuming, so before you try to sell your property, you need to ask yourself a few questions. Being honest with yourself and with the people around you will help you have a more positive selling experience when you’re ready to move.

How’s the Market??? Snapshot for January 2016- Real Estate Market Trends

Here is this month’s How’s the Market??? Snapshot. If you saw last month’s Snapshot you will notice that our local real estate trends show median prices are still creeping up, its just taking a little longer for homes to sell! If Hows the market imageyou would like more detailed information about how much your home is now worth after the Real Estate Crash, send me an email, text, or call me. I’ll be more than happy to provide you with a Free, no obligation report of what its worth and things you can do to improve the value of your home.

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot January 28, 2016
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active 30 Days Trend Number of Listings
Los Angeles County, CA
Single Family under $1M $548,365 0.97% $525,000 0.98% 78 -9 6917
Single Family over $1M $3,673,722 0.35% $2,095,000 4.80% 105 -12 3811
Condo/Townhome under $600K $382,973 2.99% $375,000 2.74% 68 -15 1819
Condo/Townhome over $600K $1,303,293 -1.33% $899,000 -0.99% 77 -14 1025
Riverside County, CA
Single Family under $500K $328,553 0.61% $329,999 0.30% 88 -5 5989
Single Family over $500K $1,509,915 4.94% $885,000 4.12% 114 -7 4791
Condo/Townhome under $300K $208,009 0.29% $216,900 -0.96% 104 -7 1255
Condo/Townhome over $300K $523,772 2.12% $434,000 2.36% 93 -10 1252
San Bernardino County, CA
Single Family under $500K $285,132 0.97% $280,000 0.00% 106 -6 4489
Single Family over $500K $1,670,016 9.88% $898,000 6.27% 122 -12 2617
Condo/Townhome under $300K $195,791 -2.94% $215,000 -1.83% 90 -11 206
Condo/Townhome over $300K $619,905 3.84% $500,000 4.18% 60 -19 475
Orange County, CA
Single Family under $1M $713,244 1.85% $699,500 1.52% 77 -10 3533
Single Family over $1M $3,770,515 0.38% $2,350,000 0.21% 129 -9 1795
Condo/Townhome under $600K $404,170 2.53% $409,900 3.02% 67 -13 1091
Condo/Townhome over $600K $1,064,625 -2.21% $849,000 -0.12% 73 -14 591
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Sincerely,
Yesenia E. Ruvalcaba-Garcia, Broker
Realtor®/HUD REO & Listing Specialist
Direct (626) 252-0839
Office (626) 917-6200 ext. 14
Cell Phone (626) 252-0839
Fax (626) 209-8318
CalBRE License Number: 01293970
yeseniaruvalcaba@aol.com
newcenturybroker.com
New Century Realtors

National Home Sales Decline, but Still Remain Above Last Year’s Sales

Existing-home sales in October were strong but not as strong as they were in September. Total existing-home sales fell 3.4 percent to 5.36 million, down from September’s 5.55 million. Yet sales were still 3.9 percent higher than at the same time last year. Economists with the National Association of Realtors expected the slowdown. Total housing inventory fell 2.3 percent in October, and according to NAR’s chief economist Lawrence Yun, the shortage put pressure on the housing market. The lack of inventory did nothing to ease the affordability issues plaguing some markets across the country. In addition, buyers had fewer options to choose from, leading to fewer contract signings. Yun also believes the recent volatility in financial markets impacted buyer demand—and home sales in turn.

The Silver Lining
If the job market continues to improve, sales should continue their year-over-year climb. With mortgage rates remaining below 4 percent for the third straight month, home buyers should feel incentivized to sign their contracts sooner rather than later. And even if mortgage rates moderately increase, a gradual easing of credit standards should temper any impact on demand and sales.

Lower and Higher
Every region saw sales slip or stall in October. In the Northeast, existing-home sales remained steady from September, while in the Midwest, sales were down 0.8 percent. The South and the West saw sales fall 3.2 percent and 8.7 percent from a month earlier, respectively. Sales might have been down from September, but every region posted year-over-year gains. Sales in the Northeast improved 8.6 percent from a year earlier. In the Midwest, existing-home sales were up 8.3 percent. And when compared with October 2014, sales in the South and the West rose 0.5 percent and 2.7 percent, respectively.

Home Price Tags
Prices also increased year-over-year. In the Northeast, the median price climbed 1.3 percent above October 2014. The Midwest and the South saw prices increase 5.7 percent and 6.2 percent above a year ago, respectively. The West posted the strongest gains, with the median price rising 8 percent above October 2014.

When you decide to sell your house, it is important to be well informed about the local market and current buyer expectations. Take the emotion out of the process. Be realistic about price and know what you need to do to get the best return on your home investment.

1-626-252-0839 Sell While the Market is HOTT!

What’s Your Home Worth? Find out Now!

If you’ve been thinking about selling your home, chances are that you’re excited about the possibility of moving and starting a new chapter of your life. Simply deciding to sell your home isn’t enough, though. The process of putting your home on the market can be overwhelming and time-consuming, so before you try to sell your property, you need to ask yourself a few questions. Being honest with yourself and with the people around you will help you have a more positive selling experience when you’re ready to move.

How’s the Market??? Snapshot for August 2015- Real Estate Market Trends

Here is this month’s How’s the Market??? Snapshot. If you saw last month’s Snapshot you will notice that our local real estate trends show median home prices are still creeping up, its just taking a little longer for homes to sell! If Hows the market imageyou would like more detailed information about how much your home is now worth after the Real Estate Crash, send me an email, text, or call me. I’ll be more than happy to provide you with a Free, no obligation report of what your home is worth and things you can do to improve the value of your home.

Housing Inventory Snapshot August 31, 2015
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active 30 Days Trend Number of Listings
Los Angeles County, CA
Single Family under $1M $547,420 0.06% $525,000 0.00% 67 1 7880
Single Family over $1M $3,349,108 0.62% $1,975,000 -0.65% 88 2 3760
Condo/Townhome under $600K $375,951 0.08% $370,000 0.00% 64 1 2283
Condo/Townhome over $600K $1,349,287 2.48% $899,000 2.16% 73 1 1066
Riverside County, CA
Single Family under $500K $325,279 0.03% $325,000 -0.28% 76 -2 6038
Single Family over $500K $1,067,128 -1.64% $724,900 -0.56% 122 -1 2916
Condo/Townhome under $300K $197,169 -1.98% $202,000 -3.81% 120 0 954
Condo/Townhome over $300K $465,924 0.18% $399,900 0.23% 119 1 658
San Bernardino County, CA
Single Family under $500K $283,466 0.08% $279,800 1.75% 97 3 5101
Single Family over $500K $998,016 -0.08% $685,000 -1.44% 124 5 1648
Condo/Townhome under $300K $199,191 -2.48% $219,000 -2.67% 85 -10 274
Condo/Townhome over $300K $462,180 -1.81% $379,000 -2.82% 68 0 218
Orange County, CA
Single Family under $1M $724,193 -0.73% $700,000 -2.78% 67 2 3825
Single Family over $1M $3,662,249 2.43% $2,200,000 0.23% 110 7 1618
Condo/Townhome under $600K $392,868 -0.72% $399,000 -0.23% 64 3 1397
Condo/Townhome over $600K $1,036,107 0.70% $799,000 0.50% 70 1 599
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Sincerely,
Yesenia E. Ruvalcaba-Garcia, Broker
Realtor®/HUD REO & Listing Specialist
Direct (626) 252-0839
Office (626) 917-6200 ext. 14
Cell Phone (626) 252-0839
Fax (626) 209-8318
CalBRE License Number: 01293970
yeseniaruvalcaba@aol.com
newcenturybroker.com
New Century Realtors