A Home Marketed By This Team Is As Good As A Guaranteed Sale! Norma ~ 4 Real Estate
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Norma ~ 4 Real Estate

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Coming Soon ~ REO Deal!


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REO DEALS:


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Buyers It's A Great Time To Buy! 

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Studio City/ Toluca Lake/NoHo/Burbank/Hollywood Hills East/SFV/ and The Westside


Current Market Condition Stats


Southland home sales drag along bottom

July 16, 2008

Sales Volume Median Price
All homes Jun-07 Jun-08 %Chng Jun-07 Jun-08 %Chng
Los Angeles       7,580    5,678   -25.1%   $545,000   $415,000   -23.90%
Orange            2,641    1,930   -26.9%   $645,000   $495,000   -23.30%
Riverside         3,359    3,757    11.8%   $400,000   $275,000   -31.30%
San Bernardino    2,190    2,215     1.1%   $365,000   $240,000   -34.20%
San Diego         3,510    3,077   -12.3%   $495,500   $370,000   -25.30%
Ventura             886      767   -13.4%   $582,000   $420,000   -27.80%
SoCal            20,166   17,424   -13.6%   $502,000   $355,000   -29.30%

 


Home Sales Recorded in June 2008

Reporting resale single family residences and condos as well as new homes
Excludes sales where the site city is unknown % Change is from the same month last year

Los Angeles Selected Areas        
Westside 65 $994,545 $720,000 38.13%
West LA 132 $751,250 $755,000 -0.50%
Downtown LA/Central City 213 $630,000 $705,000 -10.64%
South LA 149 $300,000 $435,000 -31.03%
North East LA 73 $400,000 $470,000 -14.89%
San Fernando Valley Selected Areas        
San Fernando Valley 865 $400,000 $555,000 -27.93%
West San Fernando Valley 475 $415,000 $565,000 -26.55%
Northeast San Fernando Valley 297 $370,000 $521,000 -28.98%
Southeast San Fernando Valley 93 $450,000 $670,000 -32.84%
Southwest Los Angeles Selected Areas        
Beach Cities 98 $956,500 $960,000 -0.36%
South Bay 379 $617,500 $687,500 -10.18%
Long Beach (90810) 15 $275,000 $482,500 -43.01%
Mar Vista 21 $825,000 $875,000 -5.71%
Palos Verdes Estates 19 $1,351,500 $1,542,000 -12.35%
Palos Verdes Peninsula Area 48 $1,070,000 $1,261,000 -15.15%
Westchester 28 $777,000 $762,500 1.90%

*Courtesy of Data Quick


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CURRENT REO DEALS FOR SALE!


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California foreclosure filings up 198% from last year


California foreclosure activity in the second quarter increased 19 percent from the previous quarter. One in every 65 California households received a foreclosure filing during the quarter.

California, the most populous U.S. state, reported 202,599 foreclosure filings, the most of any state and up 198 percent from the second quarter of 2007.

*RealtyTrac


Another Increase in California Foreclosure Activity

July 22, 2008

Notices of Default - Houses and Condos

County/Region           2007Q2      2008Q2      Yr/Yr%
                                                
Los Angeles             10,393      21,632      108.1%
Orange                   2,984       7,348      146.2%
San Diego                4,383       9,519      117.2%
Riverside                6,648      14,974      125.2%
San Bernardino           5,141      11,817      129.9%
Ventura                  1,059       2,303      117.5%
Imperial                   220         635      188.6%
Socal                   30,828      68,228      121.3%

Trustees Deeds Recorded - Houses and Condos

 
County/Region           2007Q2      2008Q2      Yr/Yr%
       
Los Angeles 2,581 9,609 272.3%
Orange 821 3,085 275.8%
San Diego 1,714 4,807 180.5%
Riverside 2,517 8,814 250.2%
San Bernardino 1,505 6,251 315.3%
Ventura 316 1,123 255.4%
Imperial 74 305 312.2%
Socal 9,528 33,994 256.8%


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