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Alhambra Real Estate Market Report – July 2008

Alhambra Real Estate Market Report – July 2008

If you are living in Alhambra or are thinking about relocating to Alhambra, you’ve come to the right place.

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Alhambra California.  Bookmark this page and visit it each month to see how Ahambra homes and condos are faring in today’s real estate market.

If you are already an Alhambra homeowner and would like to get a monthly email sent to you with real estate activity around your Alhambra home, please visit our real time real estate market page and sign up for your real estate monthly market report.  You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

If you are seriously considering selling your Alhambra home and would like a private consultation, please contact me at      626-627-7107      or Irina@Irina4RealEstate.com.

Additional Alhambra Real Estate Market Reports:

Alhambra Real Estate Market Report – August 2008

Alhambra Real Estate Market Report – September 2008

Alhambra Real Estate Market Report for the month of July 2008:

The number of new homes for sale (SFR) almost doubled in July with the number of home sales remaining the same as in the last couple of months.  Price per square foot is moving down as well.  There is several months of inventory for Alhambra home buyers to choose from.

Single Family Residence Jul-08
New Listings 21
Total Listings 61
Sales Pending 17
Homes Sold 15
Listings Expired 8
Average Days on the Market 62
Average Price Per Sq. Ft. $350
Average Selling Price $505,133
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 20.3
Condos and Townhomes Jul-08
New Listings 11
Total Listings 39
Sales Pending 11
Homes Sold 12
Listings Expired 7
Average Days on the Market 84
Average Price Per Sq. Ft. $305
Average Selling Price $406,708
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 21.1

Alhambra Real Estate Market Report for the month of June 2008:

Single Family Residence Jun-08
New Listings 12
Total Listings 54
Sales Pending 14
Homes Sold 13
Listings Expired 9
Average Days on the Market 112
Average Price Per Sq. Ft. $414
Average Selling Price $511,692
Condos and Townhomes Jun-08
New Listings 14
Total Listings 45
Sales Pending 11
Homes Sold 8
Listings Expired 7
Average Days on the Market 66
Average Price Per Sq. Ft. $280
Average Selling Price $373,238

Alhambra Real Estate Market Report for the month of May 2008:

Single Family Residence May-08
New Listings 11
Total Listings 62
Sales Pending 19
Homes Sold 13
Listings Expired 9
Average Days on the Market 92
Average Selling Price $483,669
Condos and Townhomes May-08
New Listings 15
Total Listings 47
Sales Pending 10
Homes Sold 10
Listings Expired 5
Average Days on the Market 146
Average Selling Price $400,180

 

SEARCH ALHAMBRA HOMES FOR SALE (Single Family Residences)

SEARCH ALHAMBRA CONDOS AND TOWNHOMES FOR SALE

 

Posted By: Irina NetchaevPasadena California Real Estate Agent – Irina Netchaev & Associates.  Irina and her Team of Real Estate experts work in the beautiful Keller Williams Realty in Pasadena California specializing in residential real estate.                     (626) 629-8439            

 

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Posted on August 4th, 2008
Posted by: Irina Netchaev

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First Time Home Buyer Programs Information Series

First Time Home Buyer Programs Information Series

Pasadena Real Estate Blog welcomes our new guest writer – Sean Thomas Furlong of The OCD Group. Sean is an expert when it comes to govenrment assistance programs for first time buyers. He will be sharing his wealth of experience with us in a series of posts.

moneyIn case you haven’t read, seen or heard, now is the time to buy a Pasadena home. Prices have fallen and inventory is high. There are bargains to be had all around us. What you may not know, however, is that there are still First Time Home Buyer programs available that make the great deal you’re getting on your Pasadena house or condominium, an even better deal.

You can find many of these programs on your own with a bit of research. The problem with self-research is that there are many “fine-print” guidelines for these first time buyer programs which make it difficult or impossible for the programs to work with each other. Occasionally, the programs aren’t even funded. What you want to do is find a Lender who is an expert on the programs that are available, and will be able to explain how they work with each other.

For the sake of this article, we will be covering the most usable products available through the California Housing Finance Agency (CalHFA). All of these program have Income, Property and Geographic limitations. For more details, you will want to call me at The OCD Group at 800.963.4623.

CalHFA is a State run agency providing secure loans to First Time Home Buyers in California. They offer competitive rates, eased credit restrictions, and up to 102% financing! CalHFA also offers a variety of specialty programs and Down Payment Assistance (DPA) programs to qualifying borrowers. These programs can lower your first mortgage and keep your monthly payments LOW. A First Time Pasadena Home Buyer is someone who has not owned a property during the past three years. These programs include, but are not limited to, the following:

1st Mortgage Products: 30 Year Fixed, 35 Year Fixed with 5 Year Interest Only Period, 40 Year Fixed

  • HICAP – 4% of the Purchase Price of your home.
  • CHDAP – 3% of the Purchase Price of your home.
  • CHAP – 2% of the Purchase Price of your home.
  • ECTP – $15,000 towards the Purchase Price of your home for qualifying teachers, and the lowest 30 Year Fixed Rate available through CalHFA.
  • Home Choice Program – for homes with a Permanently Disabled Person in the household provides for a 30 Year Fixed Interest Rate of 4%

Keep in mind that ALL programs, even within CalHFA, do *not* work together.

In the coming weeks, we will be covering additional programs that remain funded and available. These programs can provide you thousands of dollars in buying power, while keep your payments deferred. In the meantime, for more information, please call 800.963.4623.

To start your Pasadena home search, click on the Find Your Home button below or call Irina at 626.627.7107.

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Posted on August 3rd, 2008
Posted in About Us
Posted by: Irina Netchaev

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Pasadena Mortage Rates Report: August 1, 2008

Pasadena Mortage Rates Report: August 1, 2008

Pasadena Real Estate Mortgage rates for August 1, 2008.  Loan amounts up to $417,000:

 

3/1 ARM              5.500%

5/1 ARM              5.625%

7/1 ARM              6.125%

10/1 ARM            6.250%

30 Yr Fixed          6.250%

 

All rates offered to the borrower with 1 point cost.  Rate quotes assume a purchase transaction with a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.  Custom rate quotes and rate lock advice are available by calling  (858)-777-9751 .

 

PASADENA MORTGAGE RATE TREND:

 

Next 7 days:       Slightly Lower

Next 30 days:     Slightly Lower

Next 3 months:   Neutral

 

This mortgage rates report is offered courtesy of Brian Brady.  Contact Brian for more information about a home loan or apply online.

Posted on August 1st, 2008
Posted by: Irina Netchaev

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Pasadena Views
2100 Huntington Dr #2

San Marino, CA 91108
CA DRE License #00872112
Cell: 626-627-7107
Direct: 626-629-8439
Fax: 800-584-4632
irina@irina4realestate.com

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