In the past three months 45% of all properties that sold, (including condos, townhomes, and single family homes), were Regular sales, 22% were Short sales and 33% were Bank Owned.For the properties that are Active, Pending, or in Backup, 49% are Regular sales, 38% are Short sales and 13% are Bank Owned.
Current Bank Owned homes for sale in Mission Viejo;
Call Gail @ 949 422-4343 for more information or to see homes. Visit www.viphousesearch.com to search for homes.
For release:Monday, April 27, 2009Quick Facts:· Existing, single-family home sales increased 63.8 percent in March to a seasonally adjusted rate of 522,980 on an annualized basis· The statewide median price of an existing single-family home increased 2.2 percent in March to$253,040 compared with February 2009· C.A.R.’s Unsold Inventory Index fell to 5 months in March, compared with 12.2 months in March 2008· The median number of days it took to sell a single-family home declined to 48.3 days in March 2009, compared with 56.8 days in March 2008C.A.R. reports March home sales increased 63.8 percent, median home price declined 39 percentLOS ANGELES (April 27) – Home sales increased 63.8 percent in March in California compared with the same period a year ago, while the median price of an existing home declined 39 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.“The March sales figure of 522,980 homes indicates that the market continues to be very active,” said C.A.R. President James Liptak. “All of the regions in the state experienced increases in month-to-month raw sales, with the smallest gain in the Sacramento region at 9.7 percent and the largest gain in the Riverside/San Bernardino region at 32.2 percent.”Closed escrow sales of existing, single-family detached homes in California totaled 522,980 in March at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity increased 63.8 percent from the revised 319,290 sales pace recorded in March 2008. Sales in March 2009 decreased 16 percent compared with the previous month.The statewide sales figure represents what the total number of homes sold during 2009 would be if sales maintained the March pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.The median price of an existing, single-family detached home in California during March 2009 was $253,040, a 39 percent decrease from the revised $414,520 median for March 2008, C.A.R. reported. The March 2009 median price rose 2.2 percent compared with February’s $247,590 median price.“The statewide median price showed the first monthly increase since August 2007, and has remained in the $250,000 range over the past three months,” said C.A.R.’s Chief Economist Leslie Appleton-Young. “A number of regions around the state also have registered monthly gains for one or more months since the beginning of this year. While these are welcome signs, it remains to be seen whether home prices have stabilized.“While we still face continued weakness in the general economy and expect continued foreclosures, the increased incidence of multiple offers indicates that first-time home buyers and investors are responding to dramatically improved housing affordability. Low mortgage rates and house prices, coupled with the federal first-time home buyer tax credit, is having a definite impact on the California housing market,” Appleton-Young added.Highlights of C.A.R.’s resale housing figures for March 2009:. C.A.R.’s Unsold Inventory Index for existing, single-family detached homes in March 2009 was 5 months, compared with 12.2 months (revised) for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.. Thirty-year fixed-mortgage interest rates averaged 5 percent during March 2009, compared with 5.97 percent in March 2008, according to Freddie Mac. Adjustable-mortgage interest rates averaged 4.86 percent in March 2009, compared with 5.12 percent in March 2008.. The median number of days it took to sell a single-family home was 48.3 days in March 2009, compared with 56.8 days (revised) for the same period a year ago.Regional MLS sales and price information are contained in the tables that accompany this press release. Regional sales data are not adjusted to account for seasonal factors that can influence home sales. The MLS median price and sales data for detached homes are generated from a survey of more than 90 associations of REALTORS® throughout the state. MLS median price and sales data for condominiums are based on a survey of more than 60 associations. The median price for both detached homes and condominiums represents closed escrow sales.In a separate report covering more localized statistics generated by C.A.R. and DataQuick Information Systems, three of the 345 cities and communities reporting showed an increase in their respective median home prices from a year ago. DataQuick statistics are based on county records data rather than MLS information. DataQuick Information Systems is a subsidiary of Vancouver-based MacDonald Dettwiler and Associates. (The lists are generated for incorporated cities with a minimum of 30 recorded sales in the month.)Note: Large changes in local median home prices typically indicate both local home price appreciation, and often, large shifts in the composition of housing market activity. Some of the variations in median home prices for March may be exaggerated due to compositional changes in housing demand. The DataQuick tables listing median home prices in California cities and counties are accessible through C.A.R. Online athttp://www.car.org/economics/historicalprices/2009medianprices/mar2009medianprices/.. Statewide, the 10 cities with the highest median home prices in California during March 2009 were: Santa Monica, $755,000; Danville, $738,500; Santa Barbara, $735,000; Mountain View, $700,000; Redondo Beach, $630,000; San Ramon, $621,000; San Clemente, $620,000; San Francisco, $617,000; Santa Cruz, $610,000; and Yorba Linda, $561,500.. Statewide, the cities with the greatest median home price increases in March 2009 compared with the same period a year ago were: Lemon Grove, 18.6 percent and Rancho Santa Margarita, 3.1 percent.Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with nearly 150,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
March 2009 Regional Sales and Price Activity*Regional and Condo Sales Data Not Seasonally Adjusted
March-09
Median Price
Percent Change in Price from Prior Month
Percent Change in Price from Prior Year
Percent Change in Sales from Prior Month
Percent Change in Sales from Prior Year
Mar-09
Feb-09
Mar-08
Statewide
Calif. (sf)
$253,040
2.2%
-39.0%
-16.0%
63.8%
Calif. (condo)
$218,010
-0.9%
-39.6%
29.7%
51.9%
Region
High Desert
$114,670
-6.0%
-45.6%
21.3%
172.7%
Los Angeles
$295,100
-4.4%
-31.9%
22.6%
65.6%
Monterey Region
$243,920
1.2%
-56.0%
31.3%
168.1%
Monterey County
$217,000
3.3%
-49.5%
34.1%
248.7%
Santa Cruz County
$400,000
5.3%
-38.0%
22.0%
46.1%
Northern California
$255,520
-0.1%
-20.8%
27.5%
8.7%
Northern Wine Country
$332,990
7.1%
-27.3%
23.9%
51.5%
Orange County
$444,520
2.5%
-24.9%
47.4%
Palm Springs/Lower Desert
$157,660
1.1%
-49.4%
17.9%
71.6%
Riverside/San Bernardino
$167,340
-4.0%
-39.5%
32.2%
126.8%
Sacramento
$169,300
0.4%
-34.5%
9.7%
61.5%
San Diego
$323,320
0.7%
-27.8%
134.1%
San Francisco Bay
$403,780
-42.7%
27.6%
23.6%
San Luis Obispo
$359,680
3.6%
-23.0%
18.4%
12.6%
Santa Barbara County
$291,250
-2.9%
-50.8%
15.8%
3.0%
Santa Barbara South Coast
$825,000
13.8%
-28.6%
-4.1%
-32.9%
North Santa Barbara County
$228,120
-30.3%
27.8%
41.5%
Santa Clara
$448,750
0.8%
-44.6%
22.7%
Ventura
$364,920
1.5%
-27.6%
27.0%
77.7%
* Santa Barbara County and Monterey County median prices decreased significantly from March 2008 due mainly to the high proportion of total sales from lower-priced properties in the regions.
na - not available* Based on closed escrow sales of single-family, detached homes only (no condos). Movements in sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in cost and changes in the characteristics and size of homes actually sold.
sf = single-family, detached home
Source: CALIFORNIA ASSOCIATION OF REALTORS®
Median Prices By Region – Current Month vs. Year Ago
$247,590
r
$414,520
$219,960
$361,120
$121,970
$210,660
$308,540
$433,400
$241,130
$554,820
$210,000
$430,000
$380,000
$645,620
$255,810
$322,810
$310,950
$458,210
$433,690
$592,100
$156,000
$311,540
$174,400
$276,630
$168,700
$258,460
$320,980
$447,500
$399,040
$704,580
$347,060
$467,310
$300,000
$592,390
$725,000
$1,155,000
$228,260
$327,080
$445,000
$810,000
$359,630
$504,210
na - not available
r - revised
-----
Mission Viejo Foreclosed homes for sale;
Call Gail @ 949 422-4343 for a free list of Foreclosed homes in the cities of your choice.
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RISMEDIA, April 22, 2009-The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages fell during the past week. Last week’s rate was 5.06%, down from 5.10% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com®. Meanwhile, rates for 15-year fixed mortgages decreased to 4.68%, down from 4.73% and 5-1 adjustable rate mortgages decreased substantially, down to 4.47% from 4.65% the week prior.
Mortgage Type Average Rate Average RateWeek ending 4/19/09 Week ending 4/12/09 % Change
30-year fixed 5.06 5.10 -0.9%15-year fixed 4.68 4.73 -1.0%5-1 ARM 4.47 4.65 -3.8%
Rates for 30-year fixed purchase mortgages fell even further on Monday, with the average rate on Zillow Mortgage Marketplace at 4.99%.
Thirty-year fixed mortgage rates varied by state. Maryland mortgage rates and New Jersey mortgage rates decreased the most, down from 5.17% to 5.10% in Maryland, and from 5.12% to 5.05% in New Jersey. Georgia mortgage rates (4.99%) and Florida mortgage rates (4.99%) were the lowest in the country, while Ohio mortgage rates (5.17%) were the highest. California mortgage rates were the most requested among all states.
State Average 30-yr. Average 30-yr.Fixed Rate Fixed RateWeek ending 4/19/09 Week ending 4/12/09 % Change
Arizona 5.05 5.09 -0.8%California 5.06 5.10 -0.8%Colorado 5.05 5.06 -0.2%Connecticut 5.05 5.10 -1.1%Florida 4.99 5.06 -1.3%Georgia 4.99 5.00 -0.2%Illinois 5.09 5.14 -1.0%Maryland 5.10 5.17 -1.4%Massachusetts 5.08 5.15 -1.2%Michigan 5.07 5.10 -0.7%New Jersey 5.05 5.12 -1.4%New York 5.08 5.14 -1.1%North Carolina 5.08 5.11 -0.5%Ohio 5.17 5.22 -1.0%Oregon 5.11 5.11 0.1%Pennsylvania 5.03 5.09 -1.2%Texas 5.02 5.05 -0.5%Virginia 5.06 5.11 -1.1%Washington 5.04 5.08 -0.7%Wisconsin 5.13 5.17 -0.7%
The Zillow Mortgage Rate Monitor is compiled each week using thousands of mortgage rates quoted on Zillow Mortgage Marketplace by mortgage lenders to borrowers who have submitted loan requests. State-level data is gathered for the top 20 states with the highest quote volume on Zillow.
visit www.viphousesearch.com to search for homes and do the special Bank owned, Foreclosure search, or call Gail with Century 21 Beachside to search homes for you.
There have only been 2 Bank owned homes listed for sale in the past 10 days in Mission Viejo;