Thursday, January 21, 2010

California Home Sale Price Medians, Nov 2009

The most recent update on the median home Sale Price by cities in Los Angeles County:

City: # Sold: Nov 2009: Nov 2008: % Chng Yr to Yr

Altadena 29 $532,500 $410,000 +29.88%
Bellflower 44 301,000 330,000 -8.79
Cerritos 32 542,500 507,500 +6.90
Covina 73 321,000 330,000 -2.73
Downey 71 380,000 387,500 -1.94
Lakewood 54 390,000 420,000 -7.14
Long Beach 247 305,000 310,500 -1.77
Los Angeles 912 344,500 385,000 10.52
Manhattan B. 33 1,195,00 1,332,500 10.32
Monrovia 22 430,000 457,500 -6.01
Norwalk 59 260,000 285,000 -8.77
Paramount 26 175,000 220,750 -20.72
Pasadena 123 537,500 500,000 +7.50
San Pedro 41 310,000 477,000 -35.01
Torrance 106 522,500 512,500 +1.95

These are just a few cities in L.A. County. L.A. County as a whole had 6,155 home sales with Nov. '09 at $329,000 and Nov. '08 at $345,000 Median price. A 4.64% drop in value.

Monday, January 11, 2010

Are you in the process of trying to obtain a Loan Modification?

Dear home owner,

You may be facing a serious risk you may not be aware of.

If you are currently trying to obtain a loan modification, be aware that banks do not stop the foreclosure "clock" while deciding on your loan modification. If the loan modification is denied you may have as little as 21 days before your home is sold at auction.

Unfortunately in Los Angeles County, on average 96% of loan modifications fail. For this reason you should take action to protect yourself and have a backup plan. In most cases the best option is a SHORT SALE. A SHORT SALE stops the foreclosure "clock", allowing you to stay in your home longer and avoid any surprises from the bank. I can help!

My team consists of an attorney, paralegal, full time bank negotiators, and Realtors trained in distressed property transactions. There is absolutely no cost to you as our fees are paid by the banks.

The best way to begin is by sending a brief e-mail explaining your situation.

E-mail: RobinAuwerda@kw.com