Owner: Los Angeles and San Fernando Valley Real Estate URL:www.losangelescountyrealestate.blogspot.com Join Date: Fri, 29 Jun 2007 20:43:56 -0500 Rating:0 Site Description: Real Estate News for Los Angeles and the San Fernando Valley.
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1st Quarter of 2007
Tarzana
New Listings 250
Sol... 2007-05-02 21:06:00 1st Quarter of 2007
Tarzana
New Listings 250
Sold Listings 49
Avg Listing Price $993,161
Avg Sold Price $755,424
Days on The Market 73
Woodland Hills
New Listings 475
Sold Listings 119
Avg Listing Price $872,209
Avg Sold Price $796,217
Days on The Market 69
West Hills
New Listings 218
Sold Listings 63
Avg Listing Price $724,163
Avg Sold Price $640,853
Days on The Market 70
San Ferndando Valley Statistics
For the 1st Quart... 2007-04-13 20:22:00 San Ferndando ValleyStatistics
For the 1st Quarter of 2007
ARLETA
Listings: 134
Average Listing Price $ 533,318
Homes Sold: 18
Average Sold Price $ 493,466
Average Days on The Market: 83
CANOGA PARK
Listings: 200
Average Listing Price $ 472,831
Homes Sold: 27
Average Sold Price $ 427,494
Average days on the Market: 97
ENCINO
Lisitings: 338
Average Listing Price $ 1,082,961
Homes Sold:
Real Estate
Rates on 30-year mortgages fell this ... 2007-02-22 21:50:00 Real EstateRates
on 30-year mortgages fell this week to the lowest level in six weeks.
The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22% this week compared with 6.30% last week.
The decline was only the second since early December. It pushed rates to the lowest level since the 30-year mortgage was at 6.21% the week of Jan. 11.
Analysts Read more:Real Estate
Real Estate: November 2006
Home prices post reco... 2006-11-28 19:20:00 Real Estate
: November
2006
Home prices post record drop in October
Median price sinks 3.5 percent from a year earlier, trade group see more price declines ahead.
November 28 2006
NEW YORK (CNNMoney.com) -- The price of existing homes sold in October fell for the third straight month and posted the biggest drop on record, an industry group said Tuesday, adding it expects weakness in pricing Read more:Real Estate
Real Estate
Bear market in housing futures
Tradi... 2006-11-13 20:23:00 Real Estate
Bear market in housing futures
Trading in the Case Shiller indices say prices are heading down.
NEW YORK (CNNMoney.com) -- Home prices fell from July to August in seven of the 10 major housing markets covered by the S&P Case Shiller indexes. The composite index for all 10 cities fell 0.36 percent.
But prices are heading down a lot more, if the investment pros who trade in housing Read more:Real Estate
Real Estate
Bear market in housing futures
Tradi... 2006-11-13 20:23:00 Real Estate
Bear market in housing futures
Trading in the Case Shiller indices say prices are heading down.
NEW YORK (CNNMoney.com) -- Home prices fell from July to August in seven of the 10 major housing markets covered by the S&P Case Shiller indexes. The composite index for all 10 cities fell 0.36 percent.
But prices are heading down a lot more, if the investment pros who trade in housing Read more:Real Estate
Real Estate
Bear market in housing futures
Tradi... 2006-11-13 20:20:00 Real Estate
Bear market in housing futures
Trading in the Case Shiller indices say prices are heading down.
NEW YORK (CNNMoney.com) -- Home prices fell from July to August in seven of the 10 major housing markets covered by the S&P Case Shiller indexes. The composite index for all 10 cities fell 0.36 percent.
But prices are heading down a lot more, if the investment pros who trade in housing Read more:Real Estate
Real Estate
Now is a Good Time to Buy a Home
Are... 2006-11-07 17:47:00 Real Estate
Now is a Good Time
to Buy a Home
Are housing consumers suffering from some form of "market psychosis"?During the recent boom years in 2003-2005, sellers were calling the shots -- dictating prices and terms to multiple bidders who were knocking down their doors in many markets."Today, with the real estate market slowing in many parts of the country, all the market fundamentals show Read more:Real Estate
Real Estate
Homeowners with ARMs are optimistic
... 2006-11-03 19:31:00 Real EstateHomeowners
with ARMs are optimistic
Homeowners with adjustable-rate mortgages worry about rising interest rates, but most believe that they will be able to refinance their loans if necessary, according to a study released today. A survey of homeowners conducted for San Francisco-based Wells Fargo & Co. found that about 1 in 7 respondents had an adjustable-rate mortgage.
An ARM is a Read more:Real Estate
Real Estate
Home prices: 1st drop in 11 years
Sa... 2006-10-25 19:38:00 Real Estate
Home prices: 1st drop in 11 years
Sales slow, prices hit by second biggest year-over-year drop on record; surge of homes for sale seen keeping prices weak.
By Chris Isidore, CNNMoney.com senior writer
NEW YORK (CNNMoney.com) -- Home sales slowed and a key measure of prices fell for the first time in 11 years last month, spurred by the biggest glut of new homes on the market in more Read more:Real Estate
Real Estate
Builders to buyers: Take this house, ... 2006-10-24 18:25:00 Real EstateBuilders
to buyers: Take this house, please!
The once-hot housing market's about-face has created amazing incentives for buyers. What are you waiting for?
By Jean Chatzky, Money Magazine editor-at-large
How would you like a $10,000 gift certificate for Pottery Barn? A $30,000 in-ground swimming pool - installed? The chance to toss back a few drinks with rocker John Legend? These Read more:Real Estate
Real Estate
Buy my house, please!
As the marke... 2006-10-23 17:39:00 Real Estate
Buy my house, please!
As the market cools, it will take more work to get that 'For Sale' sign out of your front yard. –
To say that it's been a seller's housing market is the understatement of the year. Homeowners looking to sell in most parts of the country haven't had to wait around very long for a suitable offer, and those in the best markets have seen their homes swooped up Read more:Real Estate
Real Estate
Buy my house, please!
It's been a ... 2006-10-23 17:31:00 Real Estate
Buy my house, please!
It's been a seller's housing market is the understatement of the year. Homeowners looking to sell in most parts of the country haven't had to wait around very long for a suitable offer, and those in the best markets have seen their homes swooped up in a matter of days, even hours.
In early 2003, in fact, 21 percent of all houses went into contract less than Read more:Real Estate
Real Estate
More Homeowners Going Into Default
A... 2006-10-19 19:56:00 Real Estate
More HomeownersGoing
Into Default
A housing market slowdown combined with rising payments on adjustable-rate loans is leading to a sharp hike in notices from lenders.
By David Streitfeld and Martin Zimmerman, Times Staff WritersOctober 19, 2006
The number of Californians who are significantly behind on their mortgage payments and at risk of losing their homes to foreclosure more Read more:Real Estate
Real Estate
HOME VALUESHousing's hottest markets... 2006-10-11 20:13:00 Real Estate
HOME VALUESHousing's hottest markets
REAL ESTATEHome prices dip Existing-home prices fell in August for the first time in 11 years.•
Bakersfield once hot, now cold
Census survey looks at the biggest winning cities in home values from 2000 to 2005.• Ready for 'me' time at home• Fishy rehab-at-closing scheme• The condo-investment hangover
TRENDSLiving it up by living smallDefying Read more:Real Estate
Real Estate
Mortgage defaults up 67% in Californ... 2006-10-11 20:08:00 Real EstateMortgage
defaults up 67% in California
Notices filed on late loans highest in more than three years
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By Nick Godt, MarketWatch
Aug 3, 2006
NEW YORK (MarketWatch) -- The number of defaults on mortgage payments rose to a three-year high in the second quarter in California, a 67% increase from the year earlier period, according to DataQuick, a real estate Read more:Real Estate
Real Estate
California August Home Sales
By Real... 2006-10-09 17:58:00 Real EstateCaliforniaAugust
Home Sales
By Real Estate
Analyst John Karevoll-->September 20, 2006
A total of 49,800 new and resale houses and condos were sold statewide last month. That's up 12.5 percent from 44,250 for July and down 25.1 percent from a revised 66,500 for August 2005.
The median price paid for a home last month was $472,000. That was down 0.6 percent from July's $475,000,
Real Estate
FORECLOSUES SPIKED IN AUGUST
Rising ... 2006-09-13 19:02:00 Real Estate
FORECLOSUES SPIKED IN AUGUST
Rising
payments on adjustable-rate mortgages contribute to 53% jump in foreclosures.
With real estate markets slowing and mortgage rates well above levels of recent years, times are getting tougher for homeowners - the number of homes entering into some stage of foreclosure is surging, according to a survey released Wednesday.
In August, 115,292 Read more:Real Estate
Real Estate
CALIFORNIA JULY HOME SALES
A total o... 2006-09-11 19:08:00 Real Estate
CALIFORNIA JULY HOME SALES
A total of 44,250 new and resale houses and condos were sold statewide last month. That's down 17.6 percent from 53,700 for June and down 28.8 percent from 62,150 for July 2005.
The median price paid for a home last month was $475,000. That was down 0.6 percent from June's record $478,000, and up 5.3 percent from $451,000 for July a year ago.
The typical Read more:Real Estate
Real Estate
California Foreclosure Activity Hits... 2006-08-23 17:08:00 Real EstateCaliforniaForeclosureActivity
Hits Three-Year High
Second quarter California foreclosure activity rose at the fastest pace in at least 14 years, the result of waning home price appreciation.
Lenders sent 20,752 default notices to homeowners statewide during the April-through-June period. That was up 10.5 percent from 18,778 the previous quarter and up 67.2 percent from 12,408 in Read more:Real Estate
Real Estate
Top 5 Reasons Buyers Won't Commit To ... 2006-06-19 20:04:00 Real Estate
Top 5 ReasonsBuyers
Won't Commit To Purchase
Spring is the traditional peak sales season for houses and condos. Summer is usually very good until the traditional Agust slump, especially for families who want to relocate before school starts. More prospective home buyers are in the market at this time of the year than during any other season.
But 2006 is proving to be a bit Read more:Real Estate
Real Estate
Pricey Homes and Lots of Them
Fewer ... 2006-05-15 20:29:00 Real Estate
Pricey Homes
and Lots of Them
Fewer
sales mean more houses to choose from. Buyers have gained breathing room, if not a lot a great deals.
This is the time when buyers have time to shop and compare and cam make a throughful purchase. It is not like a year ago when buyers were walking around with a check in their pocket and writing offers on the hood of their car.
There were 69,499 Read more:Real Estate
Real Estate
Foreclosure Activity UP
Softer Appre... 2006-05-11 20:32:00 Real EstateForeclosureActivity
UP
Softer Appreciation rates drove foreclosure activity to its highest level in two years during the first quarter, including a 19.1% annual spike in Los Angeles County. However foreclosure activity is coming off all time low levels and would have to double or triple to cause market distress, said DataQuick Information Systems.
In the year's first three months Read more:Real Estate
Van Nuys Zip Code Homes Sold on the 1st Quarter of... 2007-07-10 21:49:00 Van Nuys Zip Code Homes
Sold on the 1st Quarter of 2007
Zip Code 91401
Average Price $ 510,800
Homes Sold 34
Average Days on the Market 54
% of Asking Price/Sold Listing Price 97.3 %
Zip Code 91402
Average Price $ 454,500
Homes Sold: 34
Average Days on Market: 89
% of Asking Price/Sold Listing Price: 98.9%
Zip Code 91405
Average Price $ 491,200
Homes Sold: 33
Average Days on Market: 69
% of
Foreclosures
7/17/07
According to real estate dat... 2007-07-17 20:41:00 Foreclosures
7/17/07
According to real estate data provider PropertyShark.com, Foreclosures were on the rise in Los Angeles, in the second quarter,recorded 3,793 first-time trustee sales during the period, an increase of 54.6 percent from the first quarter of 2007, and a 202 percent increase compared to the first quarter of 2006.
The top five ZIP codes in Los Angeles County for trustee sales Read more:Foreclosures
Homes Sold in Chatsworth for July 2007
New: 75
A... 2007-08-19 15:31:00 Homes Sold in Chatsworth for July 2007
New: 75
Avg Listing Price: $889,865Under Contract: 18
Avg Listing Price: $751,871Sold: 30
Avg Sales Price: $626,400
%Sales Price Versus /Listing Price: 98.66%
Avg Days on the Market: 49 Read more:Homes
Homes Sold In Chatsworth For June 2007
Property T... 2007-08-19 15:18:00 Homes Sold In Chatsworth For June 2007
Property Type: Residential
New: 75
Avg LP: $934,278
Under Contract: 18
Avg LP: $704,532
Sold: 38
Avg SP: $701,915%SP/LP: 96.85%
Avg DOM: 61 Read more:Homes
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