Showing posts with label Trulia. Show all posts
Showing posts with label Trulia. Show all posts

Monday, March 15, 2010

Collecting, Interpreting and Disseminating Orange County Real Estate Data

Existing Home Listing Statistics for Orange County, California

The data below provides a snapshot of residential real estate listing statistics for Orange County, California as of 2010-03-08. Asking price and inventory statistics are shown for combined single family home and condo listings.

2010-03-08 Month/Month Year/Year
Median
Listing Price
$465,900 2.4% 7.8%
Number
of Listings
11,241 7.0% -18.9%

Last 5 Weeks of Orange County Data

Weekly inventory and median asking prices (as well as 25th and 75th percentiles) for single family and condo homes (combined) for the last five weeks are shown in the table. For a longer history of trends see the monthly averages data further down.

Week of SFH+Condo
Inventory
25th
Percentile
Median 75th
Percentile
2010-03-08 11,241 $319,000 $465,900 $749,900
2010-03-01 11,143 $319,000 $465,000 $749,000
2010-02-22 11,434 $310,000 $450,000 $729,000
2010-02-15 10,804 $309,900 $450,000 $730,000
2010-02-08 10,504 $310,000 $455,000 $739,000

Orange County 25th Percentile, Median and 75th Percentile Home Price

Orange County Home Inventory

http://www.housingtracker.net/

Posted via web from The Newport Beach Lifestyle

Thursday, February 18, 2010

Surf City , Huntington Beach Calif homes get repo auction dates

Huntington Beach homes in default on loans and scheduled to go to auction.

CLICK on maps to enlarge.

Address: 206 8th St.

Amount: $1,395,333.29

Sales date: March 15

Time: 10 a.m.

Auction location: Flagpoles at main entrance to Placentia
Civic Center, 401-411 E. Chapman Ave., Placentia

Information: 714-573-1965

TS#: CA0846118

————————————————-

Address: 19061 Mathew Circle

Amount: $442,503.56

Sales date: March 11

Time: 10 a.m.

Auction location: Flagpoles at main entrance to Placentia
Civic Center, 401-411 E. Chapman Ave., Placentia

Information: 714-573-1965

TS#: 09-11865-11

————————————————-

Address: 21831 Kiowa Lane

Amount: $602,888.46

Sales date: March 11

Time: 10 a.m.

Auction location: Flagpoles at main entrance to Placentia
Civic Center, 401-411 E. Chapman Ave., Placentia

Information: 714-573-1965

TS#: 738669CA

————————————————-

Address: 7641 Seine Drive

Amount: $616,167.84

Sales date: March 11

Time: 10 a.m.

Auction location: Flagpoles at main entrance to Placentia
Civic Center, 401-411 E. Chapman Ave., Placentia

Information: 858-492-5890

TS#: 02009631

————————————————-

Address: 7001 Betty Drive

Amount: $596,652.94

Sales date: March 11

Time: 10 a.m.

Auction location: Flagpoles at main entrance to Placentia
Civic Center, 401-411 E. Chapman Ave., Placentia

Information: 714-573-1965

TS#: 05-NB-80787

————————————————-

Address: 6301 Warner Ave., Space 2

Amount: $84,723.80

Sales date: Feb. 26

Time: 10 a.m.

Auction location: Flagpoles at main entrance to Placentia
Civic Center, 401-411 E. Chapman Ave., Placentia

Information: 805-692-5821

TS#: Not available 

————————————————-

Source:  Legal notices

To read about how these auctions work, CLICK HERE.

Trustee, trustor … what’s the difference? To see foreclosure terms and definitions CLICK HERE.

http://huntingtonhomes.freedomblogging.com/2010/02/18/surf-city-homes-get-repo-auction-dates/85345/

Posted via web from The Newport Beach Lifestyle

Some facts about buying a Short Sale - Advice for Buyers

If you are planning on buying a property that is being offered as a Short Sale then you need to know some facts.

1.  The owner can no longer afford the home for whatever reason and has agreed to sell the home for much less than it is worth. They have to provide the bank with a hardship letter, and financial information for the bank to proceed.

2.  The homeowner can sign your offer, but the bank is who will approve the sale if it is going to happen. 

3. During the time you make the offer and the time it is accepted can be several months, yep I said it MONTHS!!

4. The house can be foreclosed on even if you have put an offer on the house and you are in negotiations with the bank.

5. If you really want the house then you will need to wait for it to come back on the market as a "bank owned property"

6. Realize if you are working with an agent, we have no control over the bank, all we can do is write your best offer and submit it.

7.  If the owner of the home files bankruptsy then the short sale stops until the bankruptsy is resolved

8. I sold a short sale this year and we closed it one day before the banks changed the loan criteria, had we closed the following day my buyer would have no longer qualified for the loan to purchase the property!  Check in with your loan officer often to make sure they have everything to close your loan.


Short sales is a great way to get a house for a discount but it can take some time, patience, and determination on the buyers part.  This information has been my experience with short sales and if you have any questions about Short Sales please ask...

http://www.trulia.com/blog/coni_otto/2009/01/some_facts_about_buying_

Posted via web from The Newport Beach Lifestyle

Orange County Foreclosures seen ‘for many years to come’

New notices of default in Orange County in January dropped 29%  compared to last January, though they increased slightly from December, 2009, according to ForeclosureRadar.com.

But new notices of trustee sales — homes headed to foreclosure auctions — went up 20%  from last January, though they were down compared to December.

Here’s how the O.C. numbers shake out:

Statewide, “With hundreds of thousands of California homeowners in foreclosure a stalemate continues as only a small percentage reach the end of the process through cancellation or sale and the time to foreclose increases,” says Sean O’Toole, founder and CEO of ForeclosureRadar. “With delinquent payments rising, foreclosures slowing, and foreclosure alternatives failing, it appears the foreclosure crisis will be with us for many years to come.”

O’Toole and others say just a portion of borrowers are getting loan modifications and are able to avoid losing their homes. Critics of  these workout attempts have dubbed them  ”extend and pretend.”

You think short sales are making a dent? Share in the comments!

O’Toole has come up with a new calculation: “Time to foreclose.” It measures the difference between the date the initial notice of default is recorded and the date the property was sold at the foreclosure auction.

He says statewide, time to foreclose has increased from 146 days in August 2008 to 229 days in January 2010.

I asked top REO broker Tom Moon, to weigh in on the O.C. data. He said:

“Prior to a homeowner receiving an NOD, the bank MUST try to contact the homeowner many times, for 90 days, prior to filing the NOD. This is not to be confused with the initial 4 to 6 months of non payment it finally takes for the bank to take action.

“With banks now waiting an additional 90 days to file NODs, this is going to backlog the NODs 90 days. So call this period a 90-day grace period and the eventual NODs may catch up thereafter.

“Bottom line, banks are afraid to be criminally prosecuted for not being able to prove they did every thing in their power to attempt a loan modification for those 90 days.”

Posted via web from The Newport Beach Lifestyle

Where are top O.C. home price discounts?

Villa Park was the top community in Orange County for home price cuts as of Feb. 1, according to an analysis by online hometracker Trulia.com.

Keep reading for city-by-city chart.
.
Highlights:

  • 40% of homes on the market in Villa Park have had at least 1 price reduction.
  • The Balboa peninsula tied with Buena Park for second place, with 37% of homes listed having price cuts.
  • ZIPs in Garden Grove, Silverado and Huntington Beach rounded out the top 5.
  • Overall, 24% of the homes on the market in Orange County have seen at least one price reduction. That compares to 21% of homes in the U.S.

Read the rest of this entry »

http://lansner.freedomblogging.com/

Posted via web from The Newport Beach Lifestyle

HVAC boot cleared of Asbestos in Los Angeles

http://www.ewastedisposal.net