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short sale: Real Estate Market Index Report West San Gabriel Valley CA July 2009 - 08/10/09 02:24 PM
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 … (0 comments)
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short sale: Real Estate Market Index Report Sunland, Tujunga, Shadow Hills January 2009 - 02/26/09 05:54 PM
Sunland - Tujunga - Shadow Hills January, 2009
Market Index
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 four points to 0.18 from 0.22.
New Listings - 30 new listings came on the market, compared to 13 new listings. We had 54 new listings last year.
Pending Listings -13 listings opened escrow, compared to 12 last month. Last year we had 8 listings change to Pending status.
Pending Ratio - 0.43, a drop … (0 comments)
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short sale: Real Estate Market Index Report East San Fernando Valley CA January 2009 - 02/26/09 04:56 PM
East San Fernando Valley, CA January, 2009
North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.
Market Index
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 three points to 0.34, third monthly increase in a row.
New Listings - 192 new listings hit the market, compared to 130 new listings last month, versus 177 last January.
Pending Listings - 156 opened escrow, versus 108 last month, compared to only 65 last year.
… (0 comments)
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short sale: Real Estate Market Index Report La Canada Flintridge CA January 2009 - 02/25/09 06:27 PM
La Canada Flintridge, CA January, 2009
Market Index
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's third monthly increase to 0.20, up from 0.17 last month. A year ago the index was at 0.19, so we can see the effect the shift in the financial markets.
New Listings - 25 new listings, up from 7 last month and 14 last year.
Pending Listings - 7 listings opened escrow, compared to four last month. Last year 7 … (0 comments)
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short sale: Real Estate Market Index Report La Crescenta CA January 2009 - 02/25/09 06:15 PM
La Crescenta, CA January 2009
Market Index
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 ticked up two points to 0.31.
New Listings - 36 new listings, almost double last month's 17 new listings. Last year there were 30.
Pending Listings - 16 listings entered compared to 11 last month, and 13 last year.
Pending Ratio - 0.44, down from last months' 0.65, down for the first time in three months. Last year the ratio … (0 comments)
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short sale: REal Estate Market Index Report Glendale CA January 2009 - 02/25/09 05:48 PM
Glendale, CA January , 2009
Market Index
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 from 0.39 to 0.26, compared to 0.16 last year.
New Listings - 92 new listings this month, compared to 42 last month, versus 150 a year ago.
New Pending Listings - 37 listings entered escrow, down from 42 last month, compared to 20 in 2008.
Pending Ratio -0.40, last month it was 1.01, compared to a year ago at 0.13.
… (0 comments)
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short sale: Real Estate Market Index Report Burbank, CA January 2009 - 02/25/09 05:39 PM
Burbank, CA January 2009
Market Index
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 five points to 0.28 from 0.33.
New Listings - 64 new listings, versus 53 last month and 94 in 2008.
Pending Listings - 48 listings opened escrow, compared to 40 last month and only 27 last year.
Pending Ratio - 0.75, surprisingly equal to last month, compared to last year's 0.29.
Listing Inventory -300 properties on the market, compared … (0 comments)
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short sale: REAL ESTATE MARKET REPORT Burbank, CA December 2008 - 01/30/09 12:59 PM
Market Index
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.
Jumped UP from 0.26 to 0.33, SIX points. Is this the start of a trend?
New Listings - We had 53 new listings, compared to 88 last month and 62 in 2008.
Pending Listings - 40 listings opened escrow, compared to 44 last month and only 35 last year.
Pending Ratio - 0.75, a big improvement from 0.50 last month, and compared to last year's 0.56.
Listing Inventory - 321 … (0 comments)
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short sale: Real Estate Market Report - Glendale, CA October, 2008 - 11/06/08 10:53 AM
Glendale, CA September , 2008
Market Index - 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.
Our up and down market continues, 0.30 for September after 0.33 in August.
New Listings - One hundred seventy two new listings, compared to 134 last September. It is unusual for the new listings to increase, probably due to more forced sales.
Pending Ratio -That big jump in new listings affected the Pending Ratio, only 47 homes opened escrow giving us a ratio of 0.27, about half … (0 comments)
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short sale: Real Estate Market Report, Oct. 2008 North Hollywood, Shadow Hills, Sun Valley, Valley Glen, Valley Village, Van Nuys - 11/06/08 10:42 AM
East San Fernando Valley, CA October, 2008
North Hollywood, Sun Valley, Shadow Hills, Valley Village, Valley Glen, and Van Nuys.
Market Index
A market index of above 1.20 is a seller's market, between 0.80 to 120 is a balanced market, and below 0.80 is a buyer's market.
The market index dropped one point to 0.30.
N
New Listings 208 new listings, down one from 207 in September.
Pending Listings - Down six to 146 listings entering escrow
Pending Ratio - Declined slightly from 0.73 to 0.70. More pending listings mean more closed escrows in the coming months
Listing Inventory … (0 comments)
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short sale: Real Estate Market Report - Eagle Rock, Highland Park, Glassell Park, Atwater Village, & Mount Washington, October, 2008 - 11/05/08 10:18 AM
Market Index
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 closed at 0.23, up nine points from last October’s 0.14 and up four points from September
New Listings – Thirty-nine new listings compared to 94 October in 2007.
Pending Ratio – 23 listings entered escrow, compared to 22 in September and 18 in 2007.
Pending Ratio – Jumped to 0.59 from 0.23 in September, compared to 0.23 last October.
Listing Inventory - Two-hundred-twenty-two, down seven … (0 comments)
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short sale: West San Gabriel Valley Real Estate Market Report, September, 2008 - 10/12/08 07:15 PM
The , composed of Pasadena, Altadena, South Pasadena, and San Marino
Market Index
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.
September marks the eighth month in a row that the Market Index has increased to 0.32. A year ago it was 0.26.
New Listings
In September 244 new listings, compared to 156 in August, last year there were 230.
Pending Ratio
New homes entering escrow are indicators of future sales. This month we had 0.46, compared with last year’s 0.18.
… (0 comments)
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short sale: REAL ESTATE MARKET REPORT Sunland Tujunga, September 2008 - 10/12/08 04:33 PM
Market Index
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.
September is the anniversary of the result of the mortgage meltdown, and Sunland-Tujunga has experienced a pretty steady upward track, although down a little this month at 0.27, dropping two points.
Pending Ratio
Dropped to 0.35, from August’s 0.41 and from July’s 0.45. In 2007 it was 0.12.
Listing Inventory
One-hundred-fifty-four homes on the market, compared to 184. In 2007 we had 223.
Units Sold
Only twenty homes sold, … (1 comments)
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short sale: Real Estate Market Report La Crescenta, CA September 2008 - 10/12/08 03:44 PM
Market Index
Up slightly to 0.32, last September during the mortgage meltdown 0.14.
New Listings – Fifty Five new listings this month, compared to forty-four in August. Last year there were 27.
Pending Ratio 0.22, a drop of five points from August, the third month it declined. Last year the ratio was 0.22.
Listing Inventory – Dropped to 98 from118 in August. Last year we had 158 listings on the market.
Sold Listings – Sold 19, down from 24 last month and 16 last year.
Average Sales Price
$552,747, which is 24.6% down from last September, compared … (0 comments)
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short sale: Realtors not disclosing that a listing is an REO or a Short Pay - 07/17/08 07:18 PM
Over the past year I have had some serious problems helpiing clients because if inaccurate data in our MLS. I have a meeting on Monday and am hoping that some Activrain feedback might give me some additional ammunition to get my point accross.
When a Realtor takes a listing and they know up front that it is a short sale, how do you disclose that fact?
Marketing remark, agent remarks, terms, or other?
Our MLS has a box under terms for each of those, but no one uses them. So if I have a client that is looking for REOS, I … (2 comments)
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short sale: How The Foreclosure Process Works – Hanging On To Your Home - Part Four - 01/14/08 01:25 PM
After the recent developments with Countrywide Home Loans I though readers might be interested in an update to my first three posts on "Hanging On To Your Home".
Although in my particular market we have a very small number of foreclosures and short sales (less than 4% of the current listing inventory, assuming that the data inputted is accurate. which may or may not be the case), the ripple effect is significant.
Disclaimer - the information here may or may not relate specifically to YOUR situation. Seek competent legal and professional real estate advice if you have concerns regarding your home.
If you … (2 comments)
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short sale: How The Foreclosure Process Works – Hanging On To Your Home - Part Three - 06/19/07 12:08 AM
Eric Fleisher Vice President, Home Retention, of Countrywide Home Loans facilitated an informative meeting on June 14th with about 400 local Realtors®. Part One reviewed the typical foreclosure process, Part Two covered the options that are usually available to a borrower who is having difficulties, today we are covering Part Three, the details of a Short Sale.
Of the 50,000 cases, about 13,000 are closed as short sales (meaning that the borrower sells their property before the foreclosure cycle runs it's course). In most cases the borrower needs to contact Countrywide and let them know that they are having trouble and plan … (5 comments)
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short sale: How The Foreclosure Process Works – Hanging On To Your Home - Part Two - 06/17/07 12:51 PM
In part one I reviewed the foreclosure process as outlined by the Home Retention Division of Countrywide Homes Loans in a presentation to about 400 Realtors® on June 14th in Glendale, California. Confronted with 200 requests DAILY for Short Sales, I wanted to outline the foreclosure process first, then cover the options that borrowers have. Note that although foreclosures are increasing, the total number is still relatively small. Due to the appreciation rates over the past six years most homeowners have plenty of equity. So when the media reports "foreclosure rates up 200%", it's 200 times a very small number.
First, … (4 comments)
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short sale: How The Foreclosure Process Works – Hanging On To Your Home - Part One - 06/16/07 02:44 PM
Thursday, June 14th, Allen Pezeshikian of Countrywide Home Loans sponsored a presentation conducted by representatives of Countrywide's Home Retention Division. Formerly known as the Loss Mitigation Division, the re-naming better describes Countrywide's perspective on home owner retention versus short sale/foreclosure options. The audience was about 400 Realtors from the Glendale, California area primarily, although there were some from as far away as Palmdale.
(Disclaimer- each lender has their own policies. If you have questions contact your lender).
The Foreclosure Process:
1. Mortgage a payments are normally due on the first of the month, with a fifteen day grace period, which most mortgage payers take … (14 comments)
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Keith Sorem
Glendale,
CA
More about me…
Keller Williams Realty
Address: 411 North Central Avenue, Suite 100, Glendale, CA, 91203
Office Phone: (818) 432-3269
Cell Phone: (818) 230-8049
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