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Posts Tagged ‘Homes for Sale Fullerton’

Fullerton Market Study

October 14, 2011 Leave a comment

Sorry about the margins on the right, I don’t thiink any of the content is lost. If you want information on any other city let us know.

Thank’s,

Dave & David

Note: This message contains charts showing market activity. If the images are not displayed, please follow your ISP’s and/or your e-mail vendor’s instructions for unblocking HTML images.
Dear Fullerton All,Thank you for your interest in our Market Trends report.  I hope that you will find the information timely and useful in the buying and selling process.This report contains a snapshot of recent activity through the end of the last month in the area(s) of the market that may be of interest to you.  Note that Market Trends data is obtained from Multiple Listing Service, and may reflect slight changes as the data is updated throughout the current month.

As your First Team Real Estate agent, I have current data as of yesterdays’ reporting, and additional detailed interpretive tools are available.

If you have any questions, or would like more information, please don’t hesitate to contact me.

Dave Warner
Office Direct (949) 547-0480
Voice Mail (949) 234-1480
Fax (949) 240-5995
Home Office (714) 870-1028
Home Office (949) 547-0480
Mobile (949) 547-0480
Mobile (949) 547-0481
Email:callwarner.ft@gmail.com
Brea – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 110 103 101 94
Average Sales Price $491,804 $501,365 $463,785 $467,637
Days on Market 119 64 77 58
Pending Inventory 41 37 37 26
Total Sales 26 23 19 27
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
Fullerton – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 425 400 391 371
Average Sales Price $509,228 $471,186 $537,059 $477,101
Days on Market 91 103 98 97
Pending Inventory 94 99 100 68
Total Sales 49 64 67 70
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
Placentia – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 142 145 167 154
Average Sales Price $448,593 $435,256 $474,190 $488,733
Days on Market 137 87 97 129
Pending Inventory 47 35 37 31
Total Sales 27 17 20 23
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
Yorba Linda – Single-Family Res., Between $0 and $99,999,999
12 Months Ago 6 Months Ago 3 Months Ago Last Month
Active Inventory 340 355 361 339
Average Sales Price $632,896 $692,105 $683,433 $680,409
Days on Market 114 84 105 104
Pending Inventory 129 78 76 51
Total Sales 50 53 53 61
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
If your graphs does not display it may be out-of-date.Graphs are saved for 30 days. For assistance, please contact your agent.
All reports presented are based on data supplied by the SoCal, Sandicor, MRMLS, and DARMLS or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Active Inventory Any property that has been submitted to the Multiple Listing Service (MLS) and is available for purchase is included in the Active Inventory calculation.  If, in a particular market area, the number is going up, it means that buyers have more options when choosing a home. In practical terms, the buyer has more power when negotiating a transaction. On the other hand, when this number is decreasing and there are fewer choices, the tables turn, the sellers have more control of the negotiation process and you begin to see multiple offers being made on properties. When the inventory numbers reach very low levels, multiple offers on the property are usually the norm.
Any property that is not submitted to the MLS, such as most ‘For Sale by Owners’, will not be reflected in this report.

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Average Sales Price The Average Sales Price is calculated by analyzing the prices of the properties sold in a particular market area within a 30 day period. The average sales price should not be taken as an absolute “fair market value.” There are many factors, i.e.: square footage, year built, number of bedrooms and baths, etc., that will play into an actual appraisal of the home. It is, however, an indicator of conditions in a given market area. As with Active Inventory, fluctuations in the numbers will benefit either the buyer or the seller. Higher average sales prices will often coincide with lower inventory, thus creating more demand for the property. When the average sales price starts to drop, the inventory will often grow, thus giving buyers greater leverage when negotiating a transaction.
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Days on Market The period of time between the listing of a property/submission to the MLS for sale and the property being sold or taken off the market is considered Days on Market.
The Days on Market numbers should be used in conjunction with the Active Inventory and Average Sales Price numbers in order to make an informed decision regarding what might be happening in the market.
A low number of Days on Market indicates that the market is very active because either the prices are very desirable or the inventory levels are very low and the demand for the property is strong. In these circumstances, the average sales price would tend to rise.
High inventory and decreasing average sales price will typically be accompanied by a larger Days on Market number.

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Pending Inventory The Pending Inventory Properties consists of properties that are in escrow. Because the Pending Inventory reflects the current pipeline of “transactions-in-progress”, it may give additional insight into the level of market activity, compared to looking only at Active Inventory and Total Sales and it can help determine when the best time to buy or sell is.
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Total Sales All properties that close escrow are considered sold and are reflected as Total Sales. Because these properties have actually closed escrow, this number shows the activity in a given area over a period of time, and it is, therefore, the true history of a market area.
A higher number in this category reflects a desirable change in that market, perhaps lower average sales prices or lower prices per property square footage, or perhaps the addition of a new facility, like a college or shopping/entertainment center in the area. A lower number can indicate higher prices or less desirable conditions.

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Why Can’t GM Build An RV As Cool As The One They Built in the 1940s?

August 5, 2011 Leave a comment

Damn — this 1940s “concept bus” is just so much cooler than any RV on the roads today:

The GM FuturelinerHow’d you like to drive one of these bad boys on your next road trip?

Futurliner c.1939

 

Dave & David Warner

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Weekly Mortgage Rates

July 14, 2011 1 comment

Summary of Weekly Mortgage Rates – July 14, 2011

Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.51 % 3.65% 3.29 % 2.95 %
Fees & Points 0.7 0.6 0.6 0.5
Margin N/A N/A 2.74 2.76

From Freddie Mac

Dave & David Warner 

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Forecast: Flat O.C. rents next two years

April 6, 2011 3 comments

The Casden Real Estate Economics Forecast, from the folks at USC’s business school, predicts flat Orange County rents in the next two years – with occupancy rates barely changing.

That’s a bit of a contrast to industry and government reports showing rents slowing increasing in recent months as the local economy modestly improves.

Casden analysis:

  • “Stabilized” employment picture from loss of 75,000 jobs in 2009 to gain of 6,500 jobs, in ’10. Unemployment rate in December 2010 was 8.9 percent, vs. 9.5 percent a year before. “Because of robust employment growth in preceding years, overall unemployment is still lower in Orange County than in neighboring metro areas such as San Diego, Los Angeles or the Inland Empire, and lower than the nation overall.”
  • Demand for apartments increased in year ended Q4 2010 to net 5,830 units, up 39 percent over the prior four quarters. Two Orange County submarkets experienced negative net absorption for the year: Mission Viejo and Central County.
  • Occupancy increased 1.2 percentage points in 2010, to 94.9 percent. Occupancy outpaced the West region by 0.8 percentage points, and had the second-best showing in Southern California.
  • Average rents increased by 0.8 percent in 2010 to $1,475 at year’s end, while “same-store” rents remained unchanged. Orange County’s annual rent performance was the fourth-weakest among the 64 metro areas tracked nationwide by MPF Research.
  • New Orange County apartment openings will drop precipitously in 2011.
  • Orange County home prices, “remain high relative to the rest of Southern California. Both the employment picture and relative lack of home affordability have helped support the multifamily market in 2010.”  Thank you,  OCR

Dave & David Warner
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Record Portion of California Homes Bought With Cash

March 1, 2011 2 comments

February 28, 2011

The share of Golden State homes purchased with cash rose to a record level last month as investors and others took advantage of lower prices and less competition during the market’s winter doldrums, a real estate information services reported.

Last month 30.9 percent of all new and resale houses and condos sold statewide were bought without a mortgage – the highest level in at least 23 years, according to San Diego-based DataQuick Information Systems, whose statistics go back to 1988. Last month’s cash figure was up from 28.9 percent of sales in December and 28.5 percent a year earlier.

January’s high point follows a record year for cash deals in California. Last year cash buyers purchased 27.8 percent of all homes sold, up from 26.0 percent in 2009, which was the prior annual peak.

The trend extends well beyond California. For last month and for all of last year, the portion of homes bought with cash climbed to peak levels in DataQuick’s statistics across much of the West, including the Phoenix, Las Vegas, Reno, Denver, Portland and Seattle regions.

The all-cash deals were transactions where there was no indication in the public record of a purchase mortgage recorded at the time of sale. Some of these “cash” buyers could have used alternative financing arrangements outside of a typical, recorded purchase mortgage. Also, in some cases cash buyers might be taking out mortgages after their purchases.

Over the past decade, cash buyers purchased a monthly average of 13.9 percent of the homes sold in California, though since November 2008 the cash level has been above 20 percent.

For the past couple of years all-cash deals have become far more common in lower-cost markets where prices have dropped sharply, luring investors and other buyers who either can’t qualify for a traditional mortgage, or who simply view housing as a relatively attractive place to park their money. Moreover, using cash can get you to the head of the line if there are multiple offers on a property, given sellers favor the relative speed and certainty of all-cash transactions.

Last month 51.9 percent of those paying cash were absentee buyers, meaning their property tax bills will be sent to a different address. In most cases this indicates the buyer is an investor, though in vacation markets a fair number would be second-home purchasers. Of the cash buyers who appear to be owner occupants, it can’t be determined from public records what percentage bought for purely investment reasons, perhaps with a plan to sell after prices start rising again.

Foreclosures are a big target for cash buyers, but not the only target. About 52 percent of the homes purchased with cash in January had been foreclosed on in the prior 18 months.

The median price paid for a Golden State home purchased with cash last month was $160,000, down from $175,000 in December and $164,000 a year earlier. That compares with a median of $239,000 last month for all homes sold statewide.

The median-size of a California home purchased with cash last month was 1,344 square feet, with 3 bedrooms and 2 bathrooms. The median size of resale single-family detached houses bought with cash was 1,443 square feet, while for resale condos it was 1,050 square feet.

Last month resale houses made up 75.3 percent of the cash sales, while resale condos were 22.2 percent and all newly built homes just 2.5 percent.

The median age of existing single-family houses bought with cash last month was 41 years, while it was 29 years for existing condos.

Of the 247 California zip codes that logged at least 10 cash sales last month, 60 saw cash buyers purchase more than half of all homes sold. Of those 60 zip codes, 25 were in Riverside, San Bernardino and Sacramento counties.

Some of the larger counties that saw a record share of sales go to cash buyers last month were Contra Costa, Fresno, Orange, Sacramento, Santa Clara and Solano counties. Although most of the state’s 58 counties did not see a record level of homes purchased with cash last month, enough of the larger ones saw a record or a near-record level to pull the entire state up to its highest point for any month since at least 1988. (Many of the state’s large counties did see a record portion of homes bought with cash in all of 2010, compared with all other years back to 1988).

Percentage of homes sold to buyers paying cash

County/Region Jan-10 Jan-11 Peak month since 1988 10-yr monthly avg
Los Angeles 26.30% 24.60% 26.40% 10.60%
Orange 24.20% 27.40% 27.40% 11.30%
Riverside 36.30% 35.80% 37.40% 16.70%
San Bernardino 36.10% 38.60% 38.80% 15.90%
San Diego 28.00% 28.00% 29.10% 12.60%
Ventura 22.70% 21.30% 43.00% 11.00%
SoCal 29.60% 29.50% 30.10% 12.90%
Alameda 25.40% 25.50% 28.10% 10.40%
Contra Costa 29.60% 32.00% 32.00% 12.60%
Marin 26.10% 29.90% 32.20% 15.80%
Napa 32.20% 31.90% 33.70% 13.30%
Santa Clara 22.20% 26.30% 26.30% 12.50%
San Francisco 25.40% 21.90% 25.60% 13.10%
San Mateo 24.50% 25.40% 25.50% 10.70%
Solano 27.90% 35.90% 35.90% 13.30%
Sonoma 27.50% 28.30% 34.60% 14.80%
Bay Area 26.00% 28.70% 28.70% 12.40%
El Dorado 19.40% 34.80% 37.70% 18.00%
Fresno 31.10% 35.00% 35.00% 15.90%
Kern 28.50% 35.80% 36.50% 16.90%
Madera 33.60% 48.60% 48.60% 22.90%
Merced 46.70% 46.50% 48.00% 20.70%
Monterey 30.40% 31.50% 36.20% 13.70%
Nevada 37.20% 28.20% 37.70% 23.10%
Placer 30.50% 28.50% 32.60% 17.70%
Sacramento 31.80% 37.50% 37.50% 13.90%
Shasta 36.90% 37.30% 37.30% 21.40%
San Joaquin 32.50% 34.10% 36.10% 13.70%
San Luis Obispo 25.70% 27.50% 34.30% 18.10%
Santa Barbara 25.00% 33.90% 33.90% 14.70%
Stanislaus 31.70% 37.10% 37.10% 14.60%
Sutter 23.60% 34.20% 36.80% 15.20%
Santa Cruz 26.50% 31.90% 35.70% 13.80%
Tuolumne 37.00% 39.50% 46.70% 25.40%
Tulare 27.70% 31.60% 32.40% 16.70%
Ventura 22.70% 21.30% 43.00% 11.00%
Yolo 19.50% 22.40% 31.90% 11.70%
Yuba 20.30% 22.70% 33.70% 14.60%
California 29.50% 30.90% 30.90% 13.90%

Thank You  DataQuick
Dave & David Warner

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O.C. home affordability triples

February 11, 2011 Leave a comment
Callwarner.wordpress.com

Orange County Affordability Graph 2/10/2011

The percentage of households able to afford an Orange County starter home has tripled since the housing market peaked, the California Association of Realtors reported.

By the Realtors’ math, 60% of Orange County households could afford to buy the typical “entry-level” house in Orange County in the fourth quarter of 2010.

By comparison, just 21% could afford that house in the spring of 2006, the low point for housing affordability in O.C.

Last quarter’s level was also the highest level of home affordability in Orange County in figures dating back to 2003.

Using the Realtors’ methodology, a household would need to earn about $63,000 a year to afford the typical “entry-level” house in Orange County.

That’s down from around $118,000 in the spring of 2006.

That’s based on an entry-level home price of just under $409,000, with monthly house payments at $2,100.

The Realtors’ affordability index measures the percentage of local households able to afford a starter home — valued at 85% of the area’s median house price. The index assumes that buyers are making a 10% down payment and getting an adjustable-rate loan. The association considers its measure “the most-fundamental measure of housing well-being for first-time buyers.”

The Realtors’ report comes a day after the Wall Street Journal reported that housing affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year.

According to Moody’s Analytics, the U.S. ratio of home prices to annual household income reached a peak of 2.3 in late 2005, but had fallen to 1.6 by September, matching the lowest level in the 35 years, the WSJ reported.

While the Realtor index is only a rough estimate of how many residents can actually afford starter homes, it does track the overall trend caused by falling prices and lower interest rates.

In addition, rising interest rates in recent weeks likely have reduced the current number of households able to afford a home. The average interest rate of 30-year home loan rose above 5% in the past week, according to Freddie Mac’s weekly survey.

Statewide, the report shows:

  • 69% of California housesholds could afford the entry-level house in the fourth quarter, matching the record-high set in the first quarter of 2009.
  • 75% of California households could afford the entry-level condo.
  • That compares to a national affordability rate of 80%.
  • The minimum annual income needed to afford the California starter home (costing just over $256,000) was $39,600.
  • Affordability either matched or set record highs in all regions of the state last quarter.
  • Affordability in the state last quarter ranged from a low of 42% in San Francisco to a high of 86% in Merced County.

Thank you,   Jeff Collins,   OC Register

Dave & David Warner

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Just Listed – Lease in Fullerton

February 8, 2011 Leave a comment

 

Callwarner.wordpress.com/Fern

Spectacular Views...Disneyland Fireworks, city lights, Walk to all schools and all colleges and beautiful downtown Fullerton. A beautiful 5 bedroom home. One bedroom is a small suite off the front entrance. Great yard for kids and pets.

Click on the Link below or all the information on this property.

http://www.postlets.com/rentals/mini_385.php?pid=5079793

Dave & David Warner

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