Keith's Blog

Real Estate Market Index Report East San Fernando Valley CA October 2009

Keith Sorem (Keller Williams Realty) — Thu, 19 Nov 2009 18:30:59 -0600

Real Estate Market Report

East San Fernando Valley, CA October, 2009

North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.

The East San Fernando Valley area has the second highest Market Activity Index, making it a good place to buy. There are fewer homes on the market than a few months ago, but prices are still declining, so if you want to live in the area, buy now. The first time home buyer $8,000 Federal income tax credit was not only renewed but expanded, increasing the income cap and home purchase price.

Market Index - 0.71

The market index is at 0.71 equal to last month. Last year it was at 0.30.

New Listings - 147 new homes came on the market, down 50 compared to 197 listings last month, versus 208 last year.

Pending Listings - 175 opened escrow, versus 185 last month, compared to 146 last year.

Pending Ratio -1.19, the highest rate in the last 24 months, up from 0.95 last month and from last year's 0.70

Listing Inventory - 474 properties are on the market, up from 483 properties last month, compared to 858 last year. Inventory continues to decline compared to last year.

Absorption Rate - 2.9 months, compared to 3.1 last month, way down from 7.5 months one year ago.

Sold Listings -162 homes sold, similar to the 158 last month, compared to 114 last year.

Average sale price - $339,303 up from last month's $320,597, down 7.87% from last year.

Price per square foot - $227.26, up from last month's $222.17, down 15.37 % from last year.

Conclusions

Although the Market Activity Index has decreased slightly, inventory levels remain low. An Absorption Rate of six months is considered a balanced market, and we are down to a three month supply of listings, which should result in prices going back up - good news for sellers, not for buyers.

For buyers - this may be the bottom of the market; both the average sale price and the average sale price per square foot are increasing.

For sellers - preparing your home for sale is the

key to getting the best price. Ask for our Maximum

Property Value Audit to learn how to maximize your profit

when you sell.

For more information call Keith at 1-888-284-2056 or www.BeautifulVerdugoHomes.com

Keith Sorem, Realtor DRE# 01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Index Report Glendale CA October 2009

Keith Sorem (Keller Williams Realty) — Thu, 19 Nov 2009 18:23:03 -0600

Real Estate Market Report

Glendale, CA October , 2009

Glendale has a Market Activity Index of 0.62, making it an overall good place to buy. Sales are up and inventory continues to decline, resulting in some properties selling over asking price with multiple offers. The best deals sell quickly, leaving over-priced homes to sit on the market. Overall homes values appear to have bottomed out.

Market Index- 0.62 - no change from last month.

The Market Index is at 0.62, equal to last month and compared to 0.35 a year ago, still an improvement.

New Listings - 64 new listings this month, compared to 77 last month and 88 a year ago.

New Pending Listings - 58 listings entered escrow, compared to 67 last month, and 42 in 2008.

Pending Ratio -0.91, up from 0.87, last month. A year ago it was 0.48.

Listing Inventory - 204 listings, down from 211 last month. In 2008 we had 324 listings.

Sold Listings - 68 homes sold, up from 63 last month and 70 last year.

Absorption Rate -3.0 months, down slightly from 3.3 months last month. A year ago it was 4.7 months.

Average Sale Price - $476,665 down from last month's $541,439 and down 25.3% from last year. The big drop is due to fewer large homes selling.

Price Per Square Foot - $316.06, down from $320.95 last month, and down 9.5% compared to last year.

Conclusions

The Market Activity Index demonstrates opposing factors - fewer new listings, more listings entering escrow and then selling, resulting in a low listing inventory. We hear about a "wave of foreclosed properties" coming on the market, but see little evidence. Less inventory means higher prices, sooner or later.

For buyers -Fewer homes on the market means multiple offers on properties that are priced right, and low-ball offers are likely to be ignored by sellers.

For sellers - The lack of quality inventory is in your favor. Maximize your profit by taking advantage of our Highest Price Analysis and learn how to make the most when you sell.

For more information call Keith at 1-888-284-2056 or www.BeautifulVerdugoHomes.com

Keith Sorem, Realtor DRE #01374635

Data from i-Tech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Index Report Burbank CA October 2009

Keith Sorem (Keller Williams Realty) — Thu, 19 Nov 2009 17:50:58 -0600

Real Estate Market Report

Burbank, CA October, 2009

The Market Activity Index declined due to a jump in new inventory, namely two condo projects. Contrary to Glendale, the developers in Burbank are by and large opting to sell their new projects, while in Glendale they are opting to lease them. This is a great time to buy, with the extension of the income tax credit and the favorable interest rates, which are predicted to increase in the spring when the stimulus funds are exhausted.

Market Activity Index -0.65 - down 16 points.

The market index is 0.65 decreasing 16 points from 0.81 last month, compared to 0.44 a year ago.

New Listings -80 new listings, compared to 53 last month and 79 in 2008.

Pending Listings - 53 listings opened escrow, compared to 58 last month and 39 last year.

Pending Ratio - 0.66, compared to last month's 1.09. Last year's was 0.49.

Listing Inventory - 176 homes on the market, compared to 153 last month. Last year - 242 listings.

Sold Listings - 61 listings sold during the month, compared to 66 last month and 67 in 2008.

Absorption Rate - 2.9 months, up from 2.3 months last month. Last year it was 3.6 months.

Average Sales Price - $486,300 down from last month's $525,981 and down 10.6 % from last year's $544,166.

Price per square foot -$330.82, down from last month's $326.70, and down 6.9 % from last year.

Conclusions

Listing Inventory continues to remain low so buyers should not be surprised with listings selling over asking price. The wave of foreclosures, long anticipated, does not appear to be forthcoming, so don't look for a big drop in prices.

For buyers -Slim pickings means multiple offers on properties that are priced right, and low-ball offers are not likely to see a response.

For sellers - The lack of quality inventory is in your

favor. Maximize your profit by taking advantage of our Highest Price Analysis and learn how to make the most when you sell.

For information call Keith at 1-888-284-2056 or www.BeautifulVerdugoHomes.com

Keith Sorem, Realtor DRE #01374635

Data from i-Tech MLS has not been verified, is not guaranteed, and is subject to change

Second Quarter Stats - Full Service Brokers versus MLS Entry Only and Discount Brokers

Keith Sorem (Keller Williams Realty) — Mon, 05 Oct 2009 18:29:53 -0500

Not all Realtors are the same. There is a common misconception that we are all the same and the only real difference is the broker for whom we work.

Each quarter I track the performance of full service brokers compared to MLS Entry Only and Discount brokers. The results have been consistent for the past three years, and here are the latest statistics:

Total listings sold according to the MLS - 1,462.

Full Service brokers - 1,426,

MLS Entry Only and Discount - 46

Expiration rate - percentage of listings that did not sell

Full Service brokers - 562 or 40%

MLS Entry Only and Discount - 27 or 59%

That may not look like a big difference, but think of it this way. You have a 50% GREATER chance that your home will not sell if you list with a MLS Entry Only or Discount broker.

List price versus Sale price

Full Service brokers - 101.6%

MLS Entry Only and Discount -97.5%

So by hiring a MLS Entry Only or Discount broker, on a $400,000 property, you would LOSE 4.1% or $16,400.

A properly priced a marketed home will sell for the highest sale price compared to list price if it sells in the first 30 days on the market. Pricing a home correctly, along with competent marketing are key. In the overall MLS, only about 20-25% sell in the first 30 days, so when hiring a Realtor, the question is: is my Realtor in the 20-25%, or in the 75-80%?

To sum up, homes listed by MLS Entry Only or Discount brokers are less likely to sell 50% of the time. When they do sell, on average they are sold 4.1% less than those sold by Full Service Brokers, so even if they sold your home for free, you'd be losing money.

Real Estate Market Index Report Northeast Los Angeles CA August 2009

Keith Sorem (Keller Williams Realty) — Fri, 25 Sep 2009 13:39:05 -0500

Real Estate Market Report

Northeast Los Angeles August, 2009

Atwater Village, Eagle Rock, Glassell Park, Highland Park, and Mount Washington

Market Index - 0.65 - up 1 point.

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index went up to 0.65, versus 0.64 last month. Last year is was 0.24. This is the 8th month in a row of increases.

New Listings - 57 properties hit the market, up from 49 last month, versus 60 last year.

Pending Listings - 52 listings opened escrow, compared to 49 for each of the last two months, up from 26 in August of 2008.

Pending Ratio - 0.83, down from 1.67, last month, versus 0.43 last year.

Listing Inventory - 161 listings on the market, down from 174 last month, last year was 248. Inventory continues to decline.

Units Sold -62 properties sold, even with last month's 62. Last year 33 homes sold.

Absorption rate - 2.6 months, last month was 2.8 and last year it was 5.9 months. Note: A six-month supply is considered a balanced market.

Average Sale Price -$404,249down from last month's $388,187 and down from last year by 14.82%.

Price Per Square Foot - $295.50, down from last month's $279.88, and down 12.8% from last year.

Conclusions

For buyers - prices are still falling, but so is inventory. At some time prices will begin to level off, so if you are thinking of buying, don't wait too long. The $8,000 Federal Tax credit is being extended to November 30^th..

Given the economy it is possible we will remain at the bottom for a while and that prices may continue to fall.

For sellers - preparing your home for sale is the key to getting the best price. Appraisals problems are beginning to have a negative impact on sales prices and may help push prices down further. Ask us for our Highest Property Value Audit to see what we can do to help you sell your home for the most money.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Index Report La Crescenta CA August 2009

Keith Sorem (Keller Williams Realty) — Fri, 25 Sep 2009 13:24:39 -0500

Real Estate Market Report

La Crescenta, CA August, 2009

Market Activity Index - 0.86 UP 1 point.

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index increased to 0.86 from last months 0.85 - A year ago it was 0.31.

New Listings - 20 new listings, down from 25 last month. Last year there were 44.

Pending Listings - 23 listings entered escrow compared to 23 last month, and 12 last year.

Pending Ratio -1.15, up0.22 points from last month's 0.92. Last year the ratio was 0.34.

Listing Inventory -65 properties, down from last month's 74. Last year we had 118 listings on the market. Inventory continues to decline.

Sold Listings - 33 listings sold, down from 40 listings last month, and 24 the year before.

Absorption Rate is 2.0 months compared to 1.9 last month and 4.9 months last year. Note: a balanced market is considered to be a six month supply of listings.

Average Sales Price - $601,955, up from last months $557,975 and down from last year's $582,017 or a 3.4% drop.

Price per square foot -$368.84up from last month's $335.18, and down 6.5% compared to last year's $394.59.

Conclusions

The Market Index continues to remain high. Prices are showing signs of increasing and appear to have bottomed out in January. The market is struggling due to the weak economy and the revised appraisal systems in place since May 1^st..

For buyers - better plan on paying more, dealing with multiple offers on well-priced properties, and receiving counters from sellers.

For sellers - preparing your home for sale is the key to getting the best price. Beware of appraisal issues, plan ahead.

Keith Sorem Realtor DRE#01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report La Canada Flintridge CA August 2009

Keith Sorem (Keller Williams Realty) — Fri, 25 Sep 2009 13:17:21 -0500

Real Estate Market Report

La Canada Flintridge, CA August, 2009

Market Index 0.46, up 3 points.

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index is at 0.46 up .03 from last month's 0.43 and last year's 0.22.

New Listings - 19, down from 21 last month and last year's 17.

Pending Listings - 13 listings opened escrow, down from 15 last month. Last year 5 properties sold.

Pending Ratio - At 0.68, down from 0.71 last month. A year ago it was 0.29.

Listing Inventory - 81 properties, down from 94 homes last month and down from 88 last year.

Sold Listings - 24 homes sold, down from 25 last month. Last year 16 homes sold.

Absorption Rate - 3.4 months down from last month's rate of 3.8 months. In 2008 it was 4.2 months.

Average Sales Price -$1,082,896, down from last months $1,514,720 - and down 32.9% from last year.

Price per square foot - $438.472, down from last month's $441.48 and down 13.78% to last year.

Conclusions

The Market Index continues to climb. Unit sales are strong, so demand is slowly outpacing inventory. Prices are continuing their decline. Lack of attractive financing for loans over $729,750 is continuing to plague buyers.

For buyers - if you have been waiting on the sidelines, now might be the time to jump in the game.

For sellers - properly preparing your home for sale is the key to getting the best price. Ask for our Highest Property Value Audit to find out how to maximize your profit (or minimize your loss) when you sell.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report East San Fernando Valley CA August 2009

Keith Sorem (Keller Williams Realty) — Fri, 25 Sep 2009 13:08:52 -0500

Real Estate Market Report

East San Fernando Valley, CA August, 2009

North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.

Market Index - 0.77

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The market index is at 0.77, UP 7 points from last month's 0.70. Last year it was at 0.25.

New Listings - 1123 new homes came on the market, compared to 168 listings last month, versus 216 last year.

Pending Listings - 186 opened escrow, versus 190 last month, compared to 161 last year.

Pending Ratio -1.51, up down 1.13 last month but up from last year's 0.75.

Listing Inventory - 455 properties are on the market, down from 517 properties last month, compared to 1,102 last year. Inventory continues to decline.

Absorption Rate - 2.9 months, compared to 3.0 last month, way down from 7.6 months one year ago.

Sold Listings -159 homes sold, versus 170 last month, compared to 115 last year.

Average sale price - $328,874 down from last month's $319,908, down 21.4% from last year. Prices are beginning to stabilize.

Price per square foot - $225.76, down slightly

from last month's $226.27, down 19.8% from last year.

Conclusions

Although the market activity is still increasing, sales are increasing, so inventory continues to decline. An Absorption Rate of six months is considered a balanced market, and we are down to a three month supply of listings, which should result in prices going back up.

For buyers - this may be the bottom of the market. The Federal tax credit has been extended to November 30^th, so do not wait if you want to take advantage of this credit.

For sellers - preparing your home for sale is the key to getting the best price. Ask for our Property Value Audit to learn how to maximize your profit when you sell.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report Glendale CA August 2009

Keith Sorem (Keller Williams Realty) — Wed, 23 Sep 2009 18:43:05 -0500

Real Estate Market Report

Glendale, CA August , 2009

Market Index- 0.60

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index UP 3 points to 0.60.

New Listings - 63 new listings this month, compared to 74 last month and 88 a year ago.

New Pending Listings - 63 listings entered escrow, compared to 57 last month, and 38 in 2008.

Pending Ratio -1.00, up from 0.77, last month. A year ago it was 0.55.

Listing Inventory - 197 listings, down from 212 last month. In 2008 we had 334 listings.

Sold Listings - 56 homes sold, down from 63 last month an d 77 last year.

Absorption Rate -3.5 months, up slightly from 3.4 months last month. A year ago it was 5.5 months.

Average Sale Price - $560,864 UP from last month's $538,348 and down 14.7% from last year.

Price Per Square Foot - $372.17, down from $320.83 last month, and down 5.8% compared to last year.

Conclusions

The Market Index continues climb, unit sales are strong, so demand is slowly outpacing inventory. Prices are beginning to show signs of increasing since May.

The price per square foot has been increasing since February.

For buyers - this may be the bottom of the market.

Multiple offers and appraisal issues are becoming more common. For those trying to take advantage of the $8,000 Federal tax credit time is running out.

For sellers -Ask for our Highest Price Home Audit to learn how to maximize your profit when you sell. Homes properly prepared for market will net you the highest profit when you sell. Buyers have fewer choices with fewer homes on the market, but many homes are distressed sales, keeping a lid on increases in value for the time being.

Keith Sorem Realtor DRE #01374635

Data from iTech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Index Report Burbank CA August 2009

Keith Sorem (Keller Williams Realty) — Wed, 23 Sep 2009 18:34:51 -0500

Real Estate Market Report

Burbank, CA August, 2009

Market Index -0.73 - down 21 points.

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The market index is 0.73, dropping 21 points from 0.94 last month, compared to 0.37 a year ago.

New Listings -81 new listings, compared to 66 last month and 74 in 2008.

Pending Listings - 58 listings opened escrow, compared to 69 last month and 36 last year.

Pending Ratio - 0.72, compared to last month's 1.05. Last year's was .49.

Listing Inventory - 172 homes on the market, compared to 153 last month. Last year - 260 listings.

Sold Listings - 68 listings sold during the month, compared to 75 last month and 59 in 2008.

Absorption Rate - 2.5 months, UP from 2.0 months last month. Last year it was 4.4.

Average Sales Price - $502,548UP from last month's $511,484 and down 9.18 % from last year's $553,291.

Price per square foot -$335.370, up from last month's $325.99, and down 4.75 % from last year.

Conclusions

The Market Index decline is probably the best example of the impact of the weak economy. Prices are showing signs of stabilizing and were it not for the current economic downturn, prices would probably be headed upward.

For buyers - Listing inventory is still only a two and a half month supply, which means that despite the economy prices appear to have headed back up since February. For those taking advantage of the $8,000 federal tax credit, time is running out.

For sellers - The lack of quality inventory is in your favor. To maximize value properly prepare your property for sale. We c an help. Ask for our Highest Price Analysis.

Keith Sorem Realtor DRE#01374365

Data from i-Tech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report West San Gabriel Valley CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 14:24:38 -0500

Real Estate Market Report

West San Gabriel Valley July, 2009

Pasadena, Altadena, South Pasadena, and San Marino

Market Index - .0.46, down 3 points

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

Index is at 0.46 down from last months .49 Last year the index was 0.28. The first decline in five months.

New Listings - 203 new listings, up from last month's 177. Last year there were 124.

Pending Listings - 123 listings opened escrow, compared to 112 last month, versus 124 last year.

Pending Ratio - 0.61, down from 0.63 last month, up from last year's 0.88 pending ratio.

Listing Inventory - 698 active listings, up from 616 last month. Last year we had 894.

Sold Listings -198 properties sold, up from 167 last month. Last year 137 homes sold.

Average Sales Price - $818,699, down from $719,515 last month, down 11.3% compared to last year.

Absorption Rate - 3.6 months, versus 3.8 last month, compared to 4.9 months last year.

Price Per Square Foot - $390.40, down from last month's $419.63, down 12.4% from a year ago.

Conclusions

As inventory continues to shrink, even in this chaotic economy, something is going to give. For those wondering where the bottom of the market is, look around. We may be here for a while.

For buyers - We are seeing multiple offers and appraisal issues, prices appear to be searching for the bottom.

For sellers - preparing your home for sale is the key to getting the best price. Although inventory levels are at historic lows, appraisals are causing problems. To find out how to maximize your sale price ask for the Highest Property Value Analysis.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report East San Fernando Valley CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 14:16:18 -0500

Real Estate Market Report

East San Fernando Valley, CA July, 2009

North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.

Market Index - 0.70

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The market index is at 0.70, down 3 points from last month's 0.73, last year it was at 0.21.

New Listings - 168 new homes came on the market, compared to 171 listings last month, versus 289 last year.

Pending Listings - 190 opened escrow, versus 210 last month, compared to 136 last year.

Pending Ratio -1.13, up down 1.23 last month but up from last year's 0.47.

Listing Inventory - 517 properties are on the market, down from 530 properties last month, compared to 1,220l ast year. Inventory continues to decline.

Absorption Rate - 3.0 months. Same as last month, way down from 9.6 months one year ago.

Sold Listings -170 homes sold, versus 177 last month, compared to 126 last year.

Days On Market - 50 days to wait for an accepted offer, down from last months 127 and equal to last years 50.

Average sale price - $319,908 down from last month's $326,333, down 23.5% from last year. Even as inventories reach record low levels, prices continue to decline but are beginning to stabilize.

Price per square foot - $225.76, down slightly

from last month's $226.27, down 19.8% from last year.

Conclusions

For buyers - this may be the bottom of the market.

For sellers - preparing your home for sale is the key to getting the best price. Ask for our Property Value Audit to learn how to maximize your profit when you sell.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report Northeast Los Angeles CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 12:40:40 -0500

Real Estate Market Report

Northeast Los Angeles July, 2009

Atwater Village, Eagle Rock, Glassell Park, Highland Park, and Mount Washington

Market Index - 0.64 - up 8 points!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index went up to 0.64, versus 0.56 last month. Last year is was 0.21. This is the seventh month in a row of increases.

New Listings - 57 properties hit the market, up from 49 last month, versus 60 last year.

Pending Listings - 49 listings opened escrow, equal to 49 for each of the last two months, up from 21 in July of 2008.

Pending Ratio - 1.67, way up from 1.00 last month, versus 0.35 last year.

Listing Inventory -174 listings on the market, down from 157 last month, last year was 262. Inventory continues to be low.

Units Sold -62 properties sold, up from last month's 39. Last year 25 homes sold.

Days On Market - 84 versus 137 last month and 72 last year.

Absorption rate - 2.8 months, last month was 4.0 and last year it was 7.3 months. A six-month supply is considered a balanced market.

Average Sale Price -$388,187 down from last month's $393,600 and down from last year by 16.2%.

Price Per Square Foot - $279.88, down from last month's $293.95, and down 18.2% from last year.

Conclusions

For buyers - this may be the bottom of the market.

Given the economy it is possible we will remain at the bottom for a while and that prices may continue to fall.

For sellers - preparing your home for sale is the key to getting the best price. Appraisals problems are beginning to have a negative impact on sales prices and may help push prices down further.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report Sunland, Tujunga, Shadow Hills CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 12:31:29 -0500

Real Estate Market Report

Sunland - Tujunga - Shadow Hills July, 2009

Market Index - DOWN 10 points to 0.46

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index jumped up to 0.46 from last months 0.56. Last year it was 0.29.

New Listings - 48 new listings hit the market, compared to 23 last month. We had 58 new listings last year.

Pending Listings - 32 opened escrow equal to last months 32. Last year we had 25 listings change to Pending status.

Pending Ratio -0.67, way down from 1.39 last month, last year the ratio was 0.45.

Listing Inventory - 147 properties on the

market, up from last month's 120, compared to 196 last year. There are fewer properties available for sale than last year.

Units Sold - 35 homes closed, equal to last month's 35 homes, versus 27 last year.

The Absorption rate is 4.2, last month it was 3.2. Last year the rate was 7.3 months.

Average Sale Price -$377,346 down from last month's $391,952, and an 8.3% drop from last year.

Price Per Square Foot -$263.33, up from last month's $253.20, down 5.5% to last year.

Conclusions

The Market Index has decreased for the first time in six months. As inventory continues to shrink, even in this chaotic economy, something is going to give.

For buyers - If you are buying for the long term this is a great time to buy. Interest rates are low so do not wait.

For sellers - preparing your home for sale is the key to getting the best price. Although inventory levels are at historic lows, appraisals are causing problems. Ask about our Highest Property Value Analysis so you can maximize your sale price.

Keith Sorem Realtor DRE#01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report La Crescenta CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 12:23:48 -0500

Real Estate Market Report

La Crescenta, CA July, 2009

Market Activity Index - 0.85 UP 15 points.

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index jumped 0.85 from last months 0.70 - A year ago it was 0.41.

New Listings - 25 new listings, up from 29 last month. Last year there were 34.

Pending Listings - 23 listings entered escrow compared to 25 last month, and 15 last year.

Pending Ratio - 0.92, UP from last month's 0.86. Last year the ratio was 0.74.

Listing Inventory -74 properties, up from last months 72. Last year we had 102 listings on the market. Active listings continue to decline.

Sold Listings - 40 listings sold, up from 28 listings last month, and 27 the year before.

Absorption Rate is 1.9 months compared to 2.7 last month and 3.8 months last year. Note: a balanced market is considered to be a six month supply of listings.

Average Sales Price - $557,975, up from last months $565,610 and down from last year's $678,589 or a 19.0% drop.

Price per square foot -$335.18, down from last month's $320.82, and down 5.6 % compared to last year's $355.10.

Conclusions

The Market Index continues to remain high. Unit sales are strong, so demand is slowly outpacing inventory. Prices are beginning to show signs of stabilizing. Values appear to be bottoming out.

For buyers - this may be the bottom of the market

Interest rates are still low.

For sellers - preparing your home for sale is the key to getting the best price. Beware of appraisal issues, plan ahead.

Keith Sorem DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report La Canada Flintridge CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 12:14:55 -0500

Real Estate Market Report

La Canada Flintridge, CA July, 2009

Market Index 0.43, up 11 points!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index is at 0.43 up .11 from last month's 0.32 and last year's 0.23.

New Listings - 21, up from 17 last month and last year's 26.

Pending Listings - 15 listings opened escrow, equal to 15 last month. Last year 8 properties sold.

Pending Ratio - At 0.71, down from 0.88 last month. A year ago it was 0.48.

Listing Inventory - 94 properties, down from 111 homes last month and down from 106 last year.

Sold Listings - 25 homes sold, up from 20 last month. Last year 27 homes sold.

Absorption Rate - 3.8 months down from last month's rate of 5.6 months. In 2008 it was 6.2 months.

Average Sales Price - $1,514,720 up from last months $1,430,475- and down from 5.86% last year.

Price per square foot - $441.48, down from last month's $499.47 and down 24.4% to last year.

Conclusions

The Market Index continues to climb. Unit sales are strong, so demand is slowly outpacing inventory. Prices are beginning to show signs of stabilizing.

For buyers - if you have been waiting on the sidelines, now might be the time to jump in the game.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Index Report Glendale CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 12:07:31 -0500

Real Estate Market Report

Glendale, CA July , 2009

Market Index- 0.57

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index dropped 3 points from last month and is at to 0.60.

New Listings - 74 new listings this month, compared to 56 last month and 80 a year ago.

New Pending Listings - 57 listings entered escrow, compared to 66 last month, and 38 in 2008.

Pending Ratio -0.77, down from 1.02, last month. A year ago it was 0.48.

Listing Inventory - 212 listings, up from 199 last month. In 2008 we had 351 listings.

Sold Listings - 63 homes sold, equal to 63 last month and 57 last year.

Absorption Rate -3.4 months, up slightly from 3.2 months last month. A year ago it was 5.4 months.

Average Sale Price - $538,348 down from last month's $610,729 and down 18.1% from last year.

Price Per Square Foot - $320.83, down from $329.41 last month, and down 8.8% compared to last year.

Conclusions

The Market Index continues climb, unit sales are strong, so demand is slowly outpacing inventory. Prices are beginning to show signs of stabilizing.

The price per square foot has been increasing since February.

For buyers - this may be the bottom of the market.

Multiple offers and appraisal issues are becoming more common.

For sellers - preparing your home for sale is the key to getting the best price. Ask for our Highest Price Home Audit to learn how to maximize your profit when you sell.

Keith Sorem Realtor DRE #01374635

Data from iTech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report Burbank CA July 2009

Keith Sorem (Keller Williams Realty) — Mon, 10 Aug 2009 12:00:39 -0500

Real Estate Market Report

Burbank, CA July, 2009

Market Index -0.94, highest in TWO YEARS!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The market index is 0.94, jumping 10 points from last month's 0.84.

New Listings - 66 new listings, compared to 42 last month and 64 in 2008.

Pending Listings - 69 listings opened escrow, compared to 62 last month and 47 last year.

Pending Ratio - 1.05, compared to last months high of 1.48. Last year's was .64.

Listing Inventory - 153 homes on the market, compared to 159 last month, is the lowest in two years. Last year - 263 listings.

Sold Listings - 75 listings sold during the month, compared to 71 last month and 70 in 2008.

Absorption Rate - 2.0 months, down from 2.2 months last month. Last year it was 3.8

Average Sales Price - $511,484 UP from last month's $484,573 and UP 2.05 % from last year's $501.191. Very consistent for the last five months.

Price per square foot - $325.99, down from last month's $343.91, and down 5.8 % from last year.

Conclusions

The Market Index continues to climb, sales are strong, so demand is outpacing inventory. Prices are showing signs of stabilizing.

For buyers - Listing inventory is only a two month supply, which means that despite the economy prices will start rising.

For sellers - The lack of quality inventory is in your favor. To maximize value properly prepare your property for sale. We can help. Ask for our Highest Price Analysis.

Keith Sorem Realtor DRE #01374635

Data from i-Tech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report for Sunland, Tujunga, Shadow Hills CA June 2009

Keith Sorem (Keller Williams Realty) — Thu, 09 Jul 2009 13:46:36 -0500

Real Estate Market Report

Sunland - Tujunga - Shadow Hills June, 2009

Market Index - Up 10 points to 0.56

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index jumped up to 0.56 from last months 0.46. Last year it was 0.21.

New Listings - 23 new listings hit the market, compared to 43 last month. We had 57 new listings last year.

Pending Listings - 32 opened escrow up from last months 41. Last year we had 24 listings change to Pending status.

Pending Ratio -1.39, up from 0.95 last month, last year the ratio was 0.29!

Listing Inventory - 120 properties on the

market, up from last months 157, compared to 202 last year. There are fewer properties available for sale than last year.

Units Sold - 35 homes closed, up from last month's 31 homes, versus 23 last year.

The Absorption rate is 3.2, last month it was 5.1. Last year the rate was 8.8 months.

Average Sale Price -$391,952 up from last month's $361,829, and an 18.2% drop from last year.

Price Per Square Foot -$253.20, down from last month's $218.50, down 10.5% to last year.

Conclusions

The Market Index has increased for the fifth straight month in a row. As inventory continues to shrink, even in this chaotic economy, something is going to give.

For buyers - If you are buying for the long term this is a great time to buy. Interest rates are low so don't wait.

For sellers - preparing your home for sale is the key to getting the best price. Although inventory levels are at historic lows, appraisals are causing problems.

Keith Sorem Realtor DRE #01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

Real Estate Market Index Report for the West San Gabriel Valley, CA June 2009

Keith Sorem (Keller Williams Realty) — Thu, 09 Jul 2009 13:38:19 -0500

Real Estate Market Report

West San Gabriel Valley June, 2009

Pasadena, Altadena, South Pasadena, and San Marino

Market Index - .0.49, up 4 points

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

This is the 4^th consecutive monthly increase. Last year the index was 0.28.

New Listings - 177 new listings, down from last month's 204. Last year there were 234.

Pending Listings - 112 listings opened escrow, compared to 151 last month, versus 107 last year.

Pending Ratio - 0.63, down from 0.74 last month, up from last year's 0.46 pending ratio.

Listing Inventory - 616 active listings, down from 694 last month. Last year we had 887.

Sold Listings -167 properties sold, up from 162 last month. Last year 137 homes sold.

Average Sales Price - $818,699, UP from $746.567 last month, down 15.6% compared to last year.

Absorption Rate - 3.7 months, versus 4.3 last month, compared to 6.5 months last year.

Price Per Square Foot - $419.63, up from last month's $400.30, down 9.4% from a year ago.

Conclusions

The Market Index has increased for the 4^th month in a row. As inventory continues to shrink, even in this chaotic economy, something is going to give. For those wondering where the bottom of the market is, look around. We may be here for a while.

For buyers - If you are buying for the long term this is a great time to buy. Interest rates are low so don't wait.

For sellers - preparing your home for sale is the key to getting the best price. Although inventory levels are at historic lows, appraisals are causing problems.

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Keith Sorem Realtor DRE #01374635

Real Estate Market Index Report for Northeast Los Angeles, CA June 2009

Keith Sorem (Keller Williams Realty) — Thu, 09 Jul 2009 13:30:47 -0500

Real Estate Market Report

Northeast Los Angeles June, 2009

Atwater Village, Eagle Rock, Glassell Park, Highland Park, and Mount Washington

Market Index - 0.56 - up 11 points!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index went up to 0.56, versus 0.45 last month. Last year is was 0.17. This is the six month in a row of increases.

New Listings - 49 properties hit the market, about even with 50 last month, versus 52 last year.

Pending Listings - 49 listings opened escrow, equal to 49 last month, up from 23 in June of 2008.

Pending Ratio - 1.00, about even from 0.98 last month, versus 0.37 last year.

Listing Inventory -157 listings on the market, down from 196 last month, last year was 278. Inventory increased slightly.

Units Sold -39 properties sold, equal to last month's 39. Last year 28 homes sold.

Days On Market - 137 versus 130 last year.

Absorption rate - 4.0 months, last year it was 8.5 months. A six-month supply is considered a balanced market.

Average Sale Price -$393,600 down from last month's $425.285, and down from last year by 18.2%.

Price Per Square Foot - $293.95, down from last month's $306.40, and down 17.8% from last year.

Conclusions

For buyers - this may be the bottom of the market.

Given the economy it is possible we will remain at the bottom for a while and that prices may continue to fall.

For sellers - preparing your home for sale is the key to getting the best price. Appraisals problems are beginning to have a negative impact on sales prices and may help push prices down further.

Keith Sorem Realtor DRE #01374635

Real Estate Market Index Report for the East San Fernando Valley, CA June 2009

Keith Sorem (Keller Williams Realty) — Wed, 08 Jul 2009 16:53:44 -0500

Real Estate Market Report

East San Fernando Valley, CA June, 2009

North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.

Market Index - 0.73, up 11 points!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The market index is at 0.73, up 11 points from last month's 0.62, last year it was at 0.22.

New Listings - 171 new homes came on the market, compared to 181 listings last month, versus 265 last year.

Pending Listings - 210 opened escrow, versus 200 last month, compared to 123 last year.

Pending Ratio -1.23, up from 1.10 last month but up from last year's 0.49.

Listing Inventory - 530 properties are on the market, down from 560 properties last month, compared to 1,167 last year. Inventory continues to decline.

Absorption Rate - 3.0 months. Down from 3.8 last month, but down from 9.5 a year ago.

Sold Listings -177 homes sold, versus 149 last month, compared to 123 last year.

Days On Market - 127 to wait for an accepted offer, up from last months 105 and last years 66.

Average sale price - $$326,333, down from last month's $332,201 down $12.9% from last year. Even as inventories reach record low levels, prices continue to decline-but at a lower rate of decline.

Price per square foot - $226.27, down slightly from last month's $228.30, down 13.2% from last year.

Conclusions

Although the market activity is still increasing, sales are increasing, inventory continues to decline. An Absorption Rate of six months is considered a balance market, and we are down to a three month supply of listings, which should result in prices going back up. You can see from the from the Average Sale Price that values appear to be leveling off.

For buyers - this may be the bottom of the market.

For sellers - preparing your home for sale is the key to getting the best price.

Keith Sorem, Realtor DRE#01374635

Data is from SRAR and has not been verified, is not guaranteed and is subject to change

Real Estate Market Index Report for LA Crescenta, CA June 2009

Keith Sorem (Keller Williams Realty) — Wed, 08 Jul 2009 16:46:11 -0500

Real Estate Market Report

La Crescenta, CA June, 2009

Market Activity Index - 0.70 down 5 points.

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index dropped to 0.70 from last months 0.75 - A year ago it was 0.44.

New Listings - 29 new listings, up from 21 last month. Last year there were 33.

Pending Listings - 25 listings entered escrow compared to 32 last month, and 24 last year.

Pending Ratio - 0.86, down from last month's 1.52. Last year the ratio was 0.73.

Listing Inventory -76 properties, down from last months 80. Last year we had 116 listings on the market. Active listings continue to decline.

Sold Listings - 28 listings sold, equal to 28 listings last month, and 27 the year before.

Days On Market - 89 again equal to 89 last month and 79 last year.

Absorption Rate is 2.7 months compared to 2.9 last month and 4.3 months last year. Note: a balanced market is considered to be a six month supply of listings.

Average Sales Price - $565,610 up from last months $543,179 and down from last year's $604,429 or a 6.4% drop.

Price per square foot -$320.82, down from last month's $333.85, and down 12.8 % compared to last year's $367.88.

Conclusions

The Market Index continues to remain high. Unit sales are strong, so demand is slowly outpacing inventory. Prices are beginning to show signs of stabilizing. Values appear to be bottoming out.

For buyers - this may be the bottom of the market

Interest rates are still low.

For sellers - preparing your home for sale is the key to getting the best price. Beware of appraisal issues, plan ahead.

Keith Sorem Realtor DRE#01374635

Real Estate Market Index Report for La Canada Flintridge, CA June 2009

Keith Sorem (Keller Williams Realty) — Wed, 08 Jul 2009 16:39:25 -0500

Real Estate Market Report

La Canada Flintridge, CA June, 2009

Market Index 0.32, up 10 points!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The Market Index is at 0.32 up .10 from last month's 0.22 and last year's 0.22.

New Listings - 17, down from 39 last month and last year's 29.

Pending Listings - 15 listings opened escrow, compared to 10 last month. Last year 10 properties sold.

Pending Ratio - Big increase to 0.88, from 0.26 last month. A year ago it was 0.34.

Listing Inventory - 111 properties, down from 134 homes last month and up from 104 last year.

Sold Listings - 20 homes sold, equal to the 20 last month. Last year 13 homes sold.

Absorption Rate - 5.6 months down from last month's rate of 6.7 months. In 2008 it was 7.9 months.

Average Sales Price - $1,430,475 up from last months $1,405,800- and UP from 18.6% last year. The challenge with a small number of sales is that it only takes a few homes to make a difference and may not be indicative of the whole market.

Price per square foot - $499.47, up from last month's $457.17 and down 5.5% to last year.

Conclusions

The Market Index continues to climb. Unit sales are strong, so demand is slowly outpacing inventory. Prices are beginning to show signs of stabilizing.

For buyers - this may be the bottom of the market. Waiting for a "better time to buy" might mean a long time. The only real problem is financing. Talk of more workable loans for over the $729K limit is in the air, but no definite news as of today.

For sellers - preparing your home for sale is the key to getting the best price. Appraisal issues are having an effect on prices, stay tuned for more details following the procedures that took effect in May.

Keith Sorem Realtor DRE#01374635

Data from Itech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Index Report for Burbank CA June 2009

Keith Sorem (Keller Williams Realty) — Wed, 08 Jul 2009 16:32:42 -0500

Real Estate Market Report

Burbank, CA June, 2009

Market Index -0.84, highest in TWO YEARS!

A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.

The market index is 0.84 - the highest one month gain in the last two years, jumping 20 points from last month's 0.64.

New Listings -42 new listings, compared to 55 last month and 66 in 2008.

Pending Listings - 62 listings opened escrow, compared to 63 last month and 58 last year.

Pending Ratio - 1.48, the highest pending ratio of the year! Last year's was 0.88.

Listing Inventory - 159 homes on the market, compared to 189 last month, is the lowest in two years. Last year - 276 listings .

Sold Listings - 71 listings sold during the month, compared to 51 last month and 63 in 2008.

Absorption Rate - 2.2 months, down from 3.7 months last month. Last year it was 7.3.

Average Sales Price - $484,573 down from last month's $497,260, and down 17.4% from last year or $102,039 .

Price per square foot - $343.91, up from last month's $327.36, and down 7.3 % from last year.

Conclusions

The Market Index continues to climb, sales are strong, so demand is outpacing inventory. Prices are showing signs of stabilizing.The price per square foot has been increasing since January.

For buyers - many are frustrated at the lack of inventory - this may be the bottom of the market so those trying to time the market should pay close attention.

For sellers - The lack of quality inventory is in your favor. To maximize value properly prepare your home for sale. Ask for our Highest Price Analysis.

Keith Sorem Realtor DRE#01374635

Data from i-Tech and SRAR MLS has not been verified, is not guaranteed, and is subject to change