Apple Valley News....12/30/09

Hello Real Estate Fans



Here are this week’s stats for Apple Valley, CA.
Week ending Dec. 31, 2009

There are 299 homes listed.
64 are contingent
204 are pending.

17 sold this week.

The average price per sq ft. was $63.06
1650 was the average sq. footage.
The high priced house was $275,000.
The low priced house was $35,000.
The median price was $260,000.

5 of the houses sold over asking.
2 houses sold at asking.
The average price sold to per foot was 97.33%.
They averaged 45 days on market.
7 days on market was the shortest time period and
300 the longest.



Happy House Hunting!

Karen @ Hamilton Landon GMAC


Thanks to Victor Valley MLS for all the stats.

Apple Valley News....12/26/09

Hello Real Estate Fans



Here are this week’s stats for Apple Valley, CA.
Week ending Dec. 25, 2009

There are 298 homes listed.
210 pending are pending.

18 sold this week.

The average price per sq ft. was $70.25
2174 was the average sq. footage.
The high priced house was $275,000.
The low priced house was $68,000.
The median price was $155,686.

5 of the houses sold over asking.
6 houses sold at asking.
The average price sold to per foot was 100.71%.
They averaged 72 days on market.
8 days on market was the shortest time period and
297 the longest.

There were 3 shorts sales, they averaged 173 days on market.
10 bank owned properties sold.

Bet you all are looking forward to next weeks blog where we’ll wrap things up for the year.

Happy House Hunting!

Karen @ Hamilton Landon GMAC


Thanks to Victor Valley MLS for all the stats.

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Apple Valley News....for the week ending 12/4/09

Hello Real Estate Fans



Here are this week’s stats for Apple Valley, CA.
Week ending Dec. 4, 2009

There are 358 homes listed.
211 pending are pending.

28 sold this week,
22 were bank owned.

The average price per sq ft. was $67.00
1711 was the average sq. footage.
The high priced house was $216,000.
The low priced house was $38,000.
The median price was $108,500.

10 of the houses sold over asking.
3 houses sold at asking.
The average price sold to per foot was 100.11%.
They averaged 585days on market.

Thanks to Victor Valley MLS for all the stats.

Apple Valley News....for the week ending 11/27/09

Hello Blog Fans,

The latest news you can use in Apple Valley.

There are 280 houses listed in Apple Valley today on VVMLS.com
73 are short sales
65 are bank owned.

There are 246 sales pending.
There are 56 sales contingent. That word in today’s market most likely mean paperwork is out and will be signed shortly.

There were 29 new homeowners this week.
The average home was 2003 sq. feet.
The average sale was for $75.87 a square foot.
Average days on market 37.
Median sale price $159,084.
Average sale price to listing price 99.46%.
.

The highest house sold was $415,000.
The lowest priced house sold was $49,900.


Happy Housing Hunting,

From Karen @ Hamilton Landon GMAC in Apple Valley, CA

Apple Valley News....Sept Stats

Hello Blog Fans,

The latest news you can use in Apple Valley.

There are 287 houses listed in Apple Valley today on VVMLS.com
70 are short sales
64 are bank owned.

There are 154 sales pending.
There are 12 sales contingent. That word in today’s market most likely mean paperwork is out and will be signed shortly.

For month of Sept. there were 80 sales.
The average home was 1929 sq. feet.
The average sale was for $58.95 a square foot.
Average days on market 28.
Median sale price $119,738.
Average sale price to listing price 102.31%.
46 houses were not bank owned
10 were short sales.

The highest house sold was $420,950.
The lowest priced house sold was $37,000.

Last year in Sept. 121 homes sold.
Last year for the average bank owned home
Average sale price $135,000.
Average price per sq ft $84.
50 days on market and sold at 97.95% asking to sales price.
Non bank owned homes sold at $107 a sq ft.
They were on the market for an average of 91 days.


Happy Housing Hunting,

From Karen @ Hamilton Landon GMAC in Apple Valley, CA

Apple Valley Real Estate News

Hello Blog Fans,

It’s been awhile since my last blog and the news just isn’t getting better for buyers, so I’m pulling my head out of the sand so to speak and talking about what’s happening instead of ignoring it and hoping it will get better.

What the news is, there is a lack of inventory on market.

There are 288 houses listed in Apple Valley today on VVMLS.com
44 are short sales
186 are real sellers, not shorts sales and not bank owned.
Now of the homes that are standard sales, under $300k, the average price per square foot asking is $106.61.

There are 296 sales pending.
There are 44 sales contingent. That word in today’s market most likely mean paperwork is out and will be signed shortly.

For the last month there were 93 sales.
The average home was 1817 sq. feet.
The average sale was for 66.49 a square foot.
Average days on market 62.
Median sale price $110.000.
Average sale price to listing price 99.98%.

The biggest problem we are facing after we get an accepted offer is making appraisal. If you are a buyer looking at a bank owned property under $70 per square ft. you can expect multiple offers. It’s tough stuff right now for buyers.
Find an agent that will keep working with you and be prepared to write multiple full price offers and over asking price offers.

I normally close by saying happy house hunting.
To find a deal right now you must stay positive and keep at it. It will be worth the effort.

Happy Housing Hunting,

From Karen @ Hamilton Landon GMAC in Apple Valley, CA

Apple Valley News....

Hello Real Estate Fans



Here are this week’s stats for Apple Valley,
Week ending 7/24/09

There are 324 homes listed.
33 were listed this last week.
44 are contingent.

311 pending all together,
48 went pending this week.

28sold this week,
22 were bank owned.

The average price per sq ft. was $63.00
1905 was the average sq. footage.
The high priced house was $275,000
The low priced house was $38,000.
The median price was $118.500.

9 of the houses sold over asking.
2 houses sold at asking.
The average price sold to per foot was 98.10%
They averaged 58 days on market.

Thanks to Victor Valley MLS for all the stats.

RE Report June 19, 09

Hello Real Estate Fans!

Here is the latest Apple Valley news you can use.

There are 407 active residential listings, 74 of them were listed this week.

There are 326 homes pending, 52 of them went pending this week.

There were 33 homes that got new owners this week, 27 were bank owned.

The lowest price house sold was $15,900 and the highest price was $475,000, the average price was $137,875. and was 2003 sq ft.

They stayed on the market for an average of 66 days and sold at 92.65 % of asking price, the average price per square for is $62.79.


Happy House Hunting from Karen @ Hamilton Landon GMAC Real Estate

Market Conditions in Apple Valley

Hello Real Estate Fans!

Here is the latest Apple Valley news you can use.

There are 385 active residential listings, 30 of them were listed this week.

There are 330 homes pending, 30 of them went pending this week.

There were 36 homes that got new owners this week, 30 were bank owned.

The lowest price house sold was $22,500 and the highest price was $234,000, the average price was $91,750. and was 1958 sq ft.

They stayed on the market for an average of 63 days and sold at 96% of asking price.


Happy House Hunting from Karen @ Hamilton Landon GMAC Real Estate

News You Can Use

Hello Real Estate Fans!


There are 419 active residential listings, 58 of them were listed this week. (Yahoo! We’ve been waiting for more inventory.)

There are 331 homes pending, 31 of them went pending this week.

There were 33 homes that got new owners this week, 30 were bank owned.

The lowest price house sold was $39,375 and the highest price was $234,000, the average price was $112,060. and was 1781 sq ft.

They stayed on the market for an average of 66 days and sold at 96% of asking price.


Happy House Hunting from Karen @ Hamilton Landon GMAC Real Estate

RE Report May o9

Hello Real Estate Fans!

Hope May has been good to you. It’s kept me very busy and away from blogging. This should get you caught up with the latest Apple Valley, CA real estate news.

May saw 104 home sales, 35 this last week. The average home was 1865 sq ft. and sold for $121,357. and was 95.89% of asking price, 64 days on market.

There are 417 active residential listings, 23 of them were listed this week.

There are 341 homes pending, 35 of them went pending this week.

The lowest price house sold was $21k and the highest price was $349,900.

Happy House Hunting from Karen @ Hamilton Landon GMAC Real Estate

Market Conditions in Apple Valley 4/24/09

Hello Real Estate Fans

Here are this week’s stats for Apple Valley,
Week ending 4/24/09

There are 443 homes listed.

360 pending all together,
45 went pending this week.

10 sold this week,
9 were bank owned,


The average price per sq ft. was $68.59.
1627 was the average sq. footage.
The high priced house was $198,000
The low priced house was $49,250
The median price was $115,000

5 of the houses sold over asking.
1 auction house sold for 83% of asking.
They averaged 34 days on market.

Thanks to Victor Valley MLS for all the stats.

Market Conditions in Apple Valley 4/17/09

Hello Real Estate Fans

Here are this week’s stats for Apple Valley,
Week ending 4/17/09

There are 482 homes listed.

342 pending all together,
47 went pending this week.

23 sold this week,
15 were bank owned,
2 was a short sale.


The average price per sq ft. $72.67.
1,876 was the average sq. footage.
The high priced house was $350,000.
The low priced house was $34,952
The median price was $145,000

7 of the houses sold over asking.
2 were at 100% of asking.
There were several that sold at auction.
The homes sold for 97.73 of asking price
And averaged 56 days on market.

Thanks to Victor Valley MLS for all the stats.

Market Conditions in Apple Valley 4/10/09

Here are this week’s stats for Apple Valley,
Week ending 4/10/09

There are 487 homes listed.

333 pending all together,
55 went pending this week.

23 sold this week,
21 were bank owned,
1 was a short sale.


The average price per sq ft. $58.71
1,826 was the average sq. footage.
The high priced house was $247,548
The low priced house was $36,000
The median price was $86,000

8 of the houses sold over asking.
3 were at 100% of asking.
There were several that sold at auction.
The homes sold for 94.91 of asking price
And averaged 74 days on market.

Thanks to Victor Valley MLS for all the stats.

20027 Modoc Apple Valley 92307

Listing #370953

Beds: 3 Baths: 2.75
Sq Ft: 2604*
Lot Sz: 33000sqft*
Yr: 1978*

Wonderful home, gently used, updated and waiting for you. Views of the mountains. Lovely yard, several deck areas. The kitchen is roomy, with a Jen-Air cook top, many cupboard and a vegie sink. The living room is ready for toasty nights by the fire or enjoying views of our wonderful mountains. The dining room is spacious. The master bedroom has 2 closets with mirrored doors. You have a choice of a walk in shower or a sunken tub for a relaxing soak. Great home for year round enjoyment.






























This home could be your dream home. Call me for your personal tour.
760-684-0259

AV Market Report 3/13/09

Hi Real Estate Fans, looks like good news to me, inventory is dropping.
Buyers note the price per square foot dropped a WHOPPING $10 in a month’s time.
Are you seeing the light at the end of the tunnel? It’s getting bigger. Don’t wait to long. You don’t want to say, should have, could have, didn’t.

Homes sold this week in Apple Valley ~ 23
They sold in the range of $210k-$41K.
21 were REOs.
1 was a short sale.
They were on the market for an average of 80 days.
The average price per sq ft. $61.18.

The houses sold for an average of 94.97% of selling price.

There are 300 houses pending, 48 of those went pending this week.

There are 585 active on the market,
111 of those are short sales and
277 are bank owned.

Happy House Hunting from your Neighborhood Realtor,

Karen @ Hamilton Landon

Thanks to the VVMLS for the stats.

Apple Valley News....for the week ending 3/6/09

Hello Real Estate Fans

Here are this week’s stats for Apple Valley,
Week ending 3/6/09

There are 602 homes listed.

287 pending all together,
51 went pending this week.
48 are bank owned
2 are short sales.

19 sold this week,
17 were bank owned.

The average price per sq ft. $67.
2044 was the average sq. footage.
The high priced house was $286,000.
The low priced house was $ 39,375.

Thanks to Victor Valley MLS for all the stats.

Apple Valley News....for the week ending 2/27/09

Apple Valley Market Report for the week ending 2/27/09



There are 628 homes currently listed.

287 are bank owned,

105 are short sales,



52 houses went pending this week,



22 homes sold this week,

20 homes sold were bank owed.

1 was a short sale.



The low priced was $32k

The high priced was $460k.





The average days on market 79,

Average price per square foot was $71.25.



Happy House Hunting,

From Karen @ Hamilton Landon



This information is gathered from the VVMLS,

The Long and Short of Short Sales

The Long and Short of Short Sales

A client of mine said, “I don’t know why they call them short sales; they should be called long sales. They take so long to let you know.”

What is a short sale?
A short sale is a sale in which the seller is trying to sell the house “short” of what is owed. For example, if the house is currently worth $100k, has a mortgage of $150k, and the seller can’t afford to make up the $50k shortfall, he/she may choose to list the house as a short sale.

Why would a seller make this choice?
Forever and always you will be asked on some applications if you have ever had a foreclosure. If a house is sold as a short sale, the answer is NO. By short selling your home, you will not take the same loss in credit score as a foreclosure. The transaction will instead show up on your credit report as a “short pay.” Credit scores will not be hit as hard with a short sale. Lenders do look at short pays all the same way. Be of good cheer, lenders will be happy to take a look at borrowers that have sold short or foreclosed on their homes again in 2-3 years. Sellers be aware, talk to a tax person this may have tax consequences.

Buyers, what does this mean for you?
Short sale homes are generally in decent condition. They’re not generally trashed. Fortunately for the buyer, there are numerous required disclosures that provide more information than in a typical real estate sale. These disclosures spell out when the roof was repaired, when the new water heater was installed, etc. Some of the house’s mysteries will be revealed in the paperwork. (NOTE: That same paperwork is not filled by the sellers if it is a foreclosed home. The asset manager never lived in the house and can not fill out paperwork about the house’s condition.)

So what happens after the buyer makes an offer on a short sale home.
In a nutshell, WAIT. Meanwhile…

• The homeowner gets the offer from the agent
• If agreeable, the homeowner signs the offer agreement just as in a normal sales transaction.
• In a short sale, signing the offer does not mean a deal has been made. Signing the offer is just one step in the short sale process.
• Next the listing or sellers’ agent presents the offer to the mortgage holding bank or its asset manager. The seller provides a stack of information that makes a typical loan submission look like a short stack.

So how long does everyone have to wait?
It depends. There is no good answer to this question. It takes as long as it takes. In my experience, the time has ranged from 1 to 6 months. At the point the bank makes a decision, escrow can begin.

Other key things to understand about pricing in short sales:
If every house around the short sale is selling for 20% more than the asking price of the short sale house, is the buyer getting a good deal at the asking price?
Again, it depends. The bank will get with several reliable, independent real estate agents to get outside opinions on the house’s value. The process can take so long that the value of the outlying properties has dropped to the asking price range. It is likely the bank will come back and ask for more money, or in other words, counter the buyers’ offer. Can they do this? Sure. The bank did not approve the price; the agent made that determination. The bank doesn’t have to make the deal.

Here are the arguments for the bank to accept a lower price than the going rate in the area.

We listed the house higher and kept dropping the price until we got an offer. So therefore that is what the market will bare.

A few final notes:
• This information is based on this agents experience in a So. California market. Other markets may not follow the same pattern.
• The seller is not in the position to negotiate price. Be respectful to the sellers’. They are letting you in their home.
• Write your best offer. The bank knows what the market is. You can tell yourself over and over again that it’s a buyers’ market, but the bank frankly doesn’t care. In our market we have not seen banks take “half price offers.”
• If you are looking for something drastically under market, try the auctions. (You may want to read my blog about the auctions before you venture into that avenue.)

Happy House Hunting,

Karen @ Hamilton Landon in Apple Valley, CA

Market report for the week ending Feb.20, 2009

Apple Valley Market report for the week ending Feb.20, 2009

Homes sold this week in Apple Valley ~ 8.
They sold in the range of $300k-$45K.
6 were REOs.
1 was a short sale.
They were on the market for an average of 50 days.
The average price per sq ft. $71.18.

The houses sold for an average of 98.53% of selling price.

There are 271 houses pending, 35 of those went pending this week.

There are 626 active on the market,
106 of those are short sales and
300 are bank owned.

Happy House Hunting from your Neighborhood Realtor,

Karen @ Hamilton Landon

Thanks to the VVMLS for the stats.

the auction is coming again....so rerunning the auction info

OK a brief over view of the auctions for all you real estate fans!

There are several auctions that come through the Victor Valley. REDC and Hudson & Marshall seem to be the most frequent. They can be worthwhile and fun - if you do your homework ahead of time. Though every auction is different, following are some general guidelines to help you prepare:

1. Preview the property! REPEAT! VIEW THE PROPERTY! DO Not bid on something you have not seen!

2. Read all the legal stuff online.

3. You can bring an agent to the auction. This will cost you NOTHING! It may help keep things going in the end. We get paid for trouble shooting and making your life less complicated.

4. Do your homework. Decide ahead of time what you are willing to spend on a property. Work with your agent to research the area (go over the comps nearby, look over other houses in the area, etc.)

5. Get your funding together, come with a pre-qual from a lender you choose. Some guidelines that deal with funding include:

a. You will most likely need a cashier check for $5000. This will be your deposit for the first $95K of bidding.

b. The auction will add 5% premium to your last bid.

c. You will need a personal check for 5% of anything you bid over $100K.

d. You will need a second cashiers check for $10K for any 2nd property you present the winning bid on.

e. NOTE!!!!!!!!!!! All bids are subject to seller approval. So if the seller is expecting to sell for $200K and you fall short of $200K and win the bid, they can not accept you offer and you will get your money back. It's like on e-bay when you win but you didn't meet the reserve price.

Read the contract VERY CAREFULLY! It is usually a mean nasty contact written to the sellers' advantage. If you win and the house won't make appraisal or meet some other condition set out by your lender and they won't lend on it. Too bad, so sad for you. Bye bye deposit. No joke! BEWARE! INSPECT! Be careful!

Please be 1000% sure before you go into this.

You can get a great deal, but it's not for the faint of heart, it is a risky way to buy a house.

So before you buy,

·1 Get an agent

·2 Look at the house

·3 Inpect the property thoroughly

·4 Have fun.


By the way....
you can check out the next REDC auction in Victorville Jan. 24.
Open houses Jan 3, 10 and 11.
Or call your favorite realtor (Hopefully that is me!) to see the houses.

Happy House Hunting!

Karen Sanchez

Hamilton Landon GMAC Real Estate

(760) 684-0250

Market Conditions in Apple Valley Feb 13, 2009

Apple Valley, CA Market Report Feb 13, 2009
Hello Real Estate Fans,



As of today according to VVMSL

There are 667 homes for sale in Apple Valley.

318 of those are REOs or bank owned, there are 113 short sales.

There are 252 homes pending. There are 23 new home owners this week.

The highest price home sold for $299,000, the lowest was $40,000. The average price per sq ft, came in just under $69.

They've sold for 96.14% of the sales price.

They were on the market for a average of 65 days.

Happy House Hunting,

Karen @ Hamilton Landon in Apple Valley, CA

Loan Modifications

Hi all,

There is help out there if you are in looking at loan modifications.
there is hope for home owners,

http://www.hud.gov/hopeforhomeowners/

or if you want to go through a private company

http://www.equityinvestmentcapital.com/StaffProfiles.aspx?ID=527760
tony@equityinvestmentcapital.com


get a hold of Tony and he told me that his company has helped many people.
I don't know anyone personally that has called.
So if you do, let me know.

Thanks,

Karen

Daily Press article about no choice in escrow and title.

http://www.vvdailypress.com/news/real_10795___article.html/estate_valley.html

Apple Valley News....

Apple Valley, CA Market Report
This week's market report for Apple Valley CA Feb 7, 2008

There are 679 houses listed.

112 of those are short sales, 325 are REOs.

45 went pending this week, there are a total of 238 pending.

20 sold this week, 18 were REOs, and 1 a short sale.

The average house sold was 1853 sq ft, and was $141,550. It was on the market for 55 days and it sold for almost 97% of asking price.

The high sale was $400K the low was $46500.

Just goes to show there is something for everyone in Apple Valley.

Cool Cyber Tips!

http://realtytimes.com/rtpages/20090204_cybertips.htm

Market Conditions in Apple Valley

Hi Real Estate professionals and fans!

Here is the latest from the Victor Valley MLS.

1/31/09

There are 691 homes listed in Apple Valley.

The number of homes that are short sales are 119.

There are 330 REOs.

There are 232 pending.

Seventeen homes have new owners this last week.

Now here are some unbelievable but true stats about those 17 homes.

Average days on market 32.

The average price per square foot is just under $71.

The selling price was 99.04% of list price.

The average sale price was $124,494.



Happy House Hunting from Apple Valley Realtor,

Karen @ Hamilton Landon

Your favorite Reator in the news, sort of.

E-mail me and I'll send you the link, you can make your own news story too!

More Apple Valley stats

Solds by month 2008








For sale by month 2008

Info on loan modifications

http://realtytimes.com/rtpages/20090126_myths.htm

Market Conditions in Apple Valley

Hello House Hunters and Real Estate Pros.

News From Apple Valley CA

As of today, Jan 23,2009 The Victor Valley MLS shows,

There are

703 active listings

182 are under $100k

268 are between $100-200k

128 are between $200-300k

53 are between $300-400k

69 are above $400k

221 homes are pending

In the last week since 1/13/09

16 homes have sold.

The average price $119,197

average sq ft. 1788

average 90 days on market

Sold for 95.59% of asking.



Happy House Hunting from

Karen @ Hamilton Landon GMAC

Apple Valley CA

More auction info

Looking for info on the auctions in our area,
look at

www.williamsauction.com

www.realtybid.com

www.ushomeauction.com

www.hudsonmarshall.com

Hey Hesperia Fans!

I know I normally focus on Apple Valley, but I have been known to sell a house house or two in Hesperia, I ran across this and thought it was so interesting, So here goes, this is all from the Trulia web site.

283 new listings in Hesperia, CA in the past 7 days
1,968 Foreclosures in Hesperia, CA
Median sales price in Hesperia, CAHesperia, CA went down 8.30% to $152,592 from prior quarter
350 sold properties in Hesperia, CA in the past 60 days
Average price per sqft in Hesperia, CA went down 10.10% to $89/sqft from prior quarter

Happy House Hunting,

Karen

YES! Homes are selling.

In Apple Valley the last 30 days have brought 191 homes sold or in escrow. There were 148 houses new on market.

There are 44 multi family units on the market. Nine are in escrow and 2 have sold in the last month.

This is my idea for Apple Valley's best deal......it needs some work. It needs a septic system and maybe some work on the plumbing. So bring on the cash. But boy oh boy, 4 units for under $35k each.

Listing #362115
$126,777 (LP)

Price/Sq Ft: 41.63
13361 Central Rd, Apple Valley, CA 92308 *


Beds: 8, Baths: 4
Sq Ft: 3045* Lot Sz: 30900sq ft*
Yr: 1957*

Happy House Hunting and Happy New Year,

Karen