Buying and Selling, California Real Estate, How's the Market Snapshot

How’s the Market??? Snapshot for February 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 February 26, 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 $551,903 0.65% $529,000 0.76% 72 -6 6931
Single Family over $1M $3,634,805 -1.06% $2,089,000 -0.29% 93 -12 4344
Condo/Townhome under $600K $386,924 1.03% $388,000 3.47% 63 -5 1895
Condo/Townhome over $600K $1,283,823 -1.49% $898,888 -0.01% 64 -13 1159
Riverside County, CA
Single Family under $500K $330,082 0.47% $334,000 1.21% 85 -3 6022
Single Family over $500K $1,591,204 5.38% $920,000 3.95% 107 -6 5278
Condo/Townhome under $300K $206,576 -0.69% $214,500 -1.11% 108 4 1274
Condo/Townhome over $300K $537,464 2.61% $449,000 3.46% 90 -3 1398
San Bernardino County, CA
Single Family under $500K $286,502 0.48% $280,000 0.00% 98 -8 4520
Single Family over $500K $1,776,860 6.40% $965,000 7.46% 107 -15 2995
Condo/Townhome under $300K $199,155 1.72% $215,000 0.00% 82 -8 211
Condo/Townhome over $300K $648,741 4.65% $549,500 9.90% 47 -13 549
Orange County, CA
Single Family under $1M $731,269 2.53% $723,888 3.49% 68 -9 3806
Single Family over $1M $3,642,413 -3.40% $2,295,000 -2.34% 109 -20 2187
Condo/Townhome under $600K $404,906 0.18% $410,000 0.02% 60 -8 1203
Condo/Townhome over $600K $1,067,181 0.24% $824,900 -2.84% 59 -14 697
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
California Real Estate, How's the Market Snapshot

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
Buying and Selling, California Real Estate, Helpful Info, Home Sellers, How's the Market Snapshot, Market Snapshot, Real estate Market, Real Estate Values, Sellers

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.
California Real Estate, Helpful Info, How's the Market Snapshot, Market Snapshot, Real estate Market, Real Estate Values

How’s the Market??? Snapshot for December 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 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 December 28, 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 $543,078 -1.54% $519,900 -1.87% 87 12 6661
Single Family over $1M $3,661,066 3.17% $1,999,000 0.20% 117 17 3428
Condo/Townhome under $600K $371,852 -2.21% $365,000 -2.67% 84 12 1754
Condo/Townhome over $600K $1,320,911 4.47% $908,000 1.00% 91 15 957
Riverside County, CA
Single Family under $500K $326,576 -0.26% $329,000 -0.27% 93 9 5819
Single Family over $500K $1,438,772 4.03% $850,000 0.00% 121 17 4307
Condo/Townhome under $300K $207,413 1.45% $219,000 4.29% 111 6 1135
Condo/Townhome over $300K $512,907 -1.44% $424,000 -1.37% 103 17 1104
San Bernardino County, CA
Single Family under $500K $282,395 -0.60% $280,000 0.00% 112 8 4537
Single Family over $500K $1,519,794 5.99% $845,000 -0.47% 134 24 2399
Condo/Townhome under $300K $201,717 1.17% $219,000 1.86% 101 10 233
Condo/Townhome over $300K $597,003 -0.99% $479,950 -4.01% 79 22 375
Orange County, CA
Single Family under $1M $700,285 -1.36% $689,000 -1.43% 88 13 3249
Single Family over $1M $3,756,405 6.13% $2,345,000 5.16% 139 21 1634
Condo/Townhome under $600K $394,185 -1.33% $397,900 -0.50% 80 11 1033
Condo/Townhome over $600K $1,088,670 3.93% $850,000 1.80% 87 11 531
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
California Real Estate, Helpful Info

Selling Your House? Know Your Local Real Estate Market

Armed with a few important facts about your local real estate market, you will be prepared to make smart decisions about the sale of your house. The phrase All real estate is local accurately describes how to think about your individual circumstances. National trends in real estate do not necessarily reflect what is happening in your town, city, or region. Here are five local real estate factors you need to understand so your expectations for a home sale are realistic:

1. Know Your Market.
It is a seller’s market when there are a lot of buyers and limited housing inventory. One indicator of a seller’s market is how long properties stay on the market, which is referred to as Days on Market. In a seller’s market, houses sell more quickly—often with aggressive pricing. Some markets have multiple offers on in-demand houses. In a buyer’s market there are many houses for sale and buyers have a lot of choices. Each house is competing for a more limited number of buyers. Sellers have to be willing to negotiate either on price or home improvements. Know which market you are in.

2. Price It Right.
Pricing dynamics for your house depend on a number of local factors. Know how active your price range is in today’s market. All markets have busy price ranges, so know if your house fits into a busy range. Houses in these price ranges have the largest pool of buyers. However, your house competes with other houses of a similar price. Lower and higher price ranges have different dynamics. Whatever the price range, make sure your house meets the expectations of buyers. Go to open houses for similarly priced houses and see what these houses look like inside and out. Does yours stack up?

3. Consider Your Time Frame.
The shorter your time frame, the more flexible you may need to be on price and terms. If you are not constrained by a schedule, you can be patient for the right buyer and the right price. The first two weeks on the market will tell you whether you have the house priced correctly. Most active buyers will scour for new listings that meet their needs and attend the first open houses or make an appointment through their broker. If initial open houses do not draw a reasonable number of people, and there are few appointments to see the house, you need to evaluate the price. Act quickly. Lowering the price will generate new interest, new buyers, or previous buyers who passed on the house the first time.

4. Condition Matters.
You may have the right number of bedrooms and baths, but if it is apparent that work needs to be done—either upgrading inside or improving the outside— buyers will look for better quality. In many markets, buyers are looking for a turn-key house that is move-in ready. Consider what improvements you need to make or make sure the price reflects what work needs to be done. Most people will overlook minor repairs if the kitchens and baths are updated to today’s standards. Know what buyer expectations are in your market and reflect these expectations in condition and price.

5. Showing Your House.
There are a few basics that sellers need to embrace. Once a house goes on the market, it is a house for sale and no longer your home. Eliminate extra furniture and décor. Make each room as spacious and bright as possible. People walking through your house are deciding how their furniture and lifestyle would fit. The less they comment about your décor, the more time they are thinking about living there. It’s a good idea to leave when there are people touring your house. When owners are present, buyers spend less time in the house and will not have a productive discussion about likes and dislikes.

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.
Buying and Selling, California Real Estate, For Buyers, Helpful Info, Home Sellers, Market Snapshot, Real estate Market, Real Estate Values, Sellers

National Home Sales Increase, Housing Inventory Dips

Now is a good time to buy a home or list your home for sale. The national housing market trends show an increase in home sales and a decrease in home inventory. National existing-home sales increased in September to the second-highest pace since February 2007. Interest rates are holding steady near 4 percent, and job growth—while modest in comparison with the first half of the year—is still strong. Rent prices have climbed to an eight-year high, making it less affordable to rent and more affordable to own a home.

National Home Sales Increase
Total existing-home sales reached 5.5 million in September, a 4.7 percent increase from August and an 8.8 percent rise above a year ago. What’s more, for the past 12 months, year over year existing-home sales have increased, according to NAR. Gains were recorded in every region of the country. In the Midwest, existing-home sales climbed 2.3 percent in September; sales are 12 percent higher than September 2014. Sales in the South rose 3.8 percent month over month and 5.7 percent year over year. The largest sales gains in September were seen in the Northeast, with an increase of 8.6 percent, and the West, with an increase of 6.7 percent. Year over year, sales rose in the Northeast and West 11.8 percent and 9.5 percent, respectively.

National Inventory Dips
By the end of September, there was a total of 2.21 million existing homes on the market, a decrease of 2.6 percent. This is 3.1 percent lower than a year ago. At the current sales pace, this level of inventory represents a 4.8-month supply—a drop from August’s 5.1-month supply. Persistent inventory shortages have plagued the housing market all year, yet the market has still posted gains. This is thanks in large part to sellers taking advantage of rising home prices to release equity in their current home and either sell up or downsize. First-time buyers, however, are still struggling to find a way into the housing market. First-time buyers represented only 29 percent of the market in September; this is down from August’s yearly high of 32 percent and unchanged from September 2014’s.

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

How’s the Market??? Snapshot for October 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 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.

Housing Inventory Snapshot October 28, 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 $547,138 0.44% $525,000 0.02% 72 3 7663
Single Family over $1M $3,566,985 2.71% $1,995,000 1.01% 93 4 3695
Condo/Townhome under $600K $377,970 -0.13% $374,900 -0.03% 69 4 2121
Condo/Townhome over $600K $1,317,750 -2.24% $899,000 0.00% 73 0 1094
Riverside County, CA
Single Family under $500K $326,551 0.35% $329,000 1.23% 79 0 6236
Single Family over $500K $1,129,965 5.50% $749,900 2.87% 118 -6 3150
Condo/Townhome under $300K $200,242 1.84% $207,500 3.75% 115 -7 1009
Condo/Townhome over $300K $461,701 -1.28% $399,000 -0.13% 107 -15 753
San Bernardino County, CA
Single Family under $500K $281,483 -0.21% $279,000 0.00% 99 0 5010
Single Family over $500K $1,004,534 0.57% $689,000 -0.13% 136 4 1510
Condo/Townhome under $300K $197,390 0.70% $214,900 1.37% 94 7 266
Condo/Townhome over $300K $447,206 -2.43% $380,000 1.63% 74 0 189
Orange County, CA
Single Family under $1M $715,782 -0.65% $699,990 -0.00% 77 5 3485
Single Family over $1M $3,637,516 0.03% $2,275,000 1.11% 118 3 1468
Condo/Townhome under $600K $387,777 -0.80% $395,000 -1.00% 72 4 1245
Condo/Townhome over $600K $1,042,494 1.70% $823,888 4.42% 74 0 528
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