Tuesday, November 24, 2009

Woodland Hills Homes for Sale

Woodland Hills Homes for Sale
Market Update

There are currently 137 available homes for sale in Woodland Hills, CA.  The lowest priced single family home in Woodland Hills is $306,900 as of November 24, 2009.  The lowest priced Woodland Hills condo is $199,000.

The median sold price in Woodland Hills has fallen 6% from October '08 to October '09 to $482,000.



The monthly supply of inventory has fallen 70.6% during the same time frame.



There are currently 16 available bank owned homes for sale in Woodland Hills and 38 Woodland Hills short sale homes. There are 40 Luxury Woodland Hills homes over $950,000.

Source: Homes.LA & Terradatum

Saturday, November 21, 2009

Toluca Lake Real Estate & Homes for Sale

Are you looking to buy a home for sale in Toluca Lake, CA?  Toluca Lake is a very desirable neighborhood hear in the San Fernando Valley.  Bordering Burbank and Studio City, many celebrities live in Toluca Lake because of the close location to Hollywood and the Burbank studios.

Here is the most recent real estate statistics for Toluca Lake.

There are currently thirty-two properties for sale in Toluca Lake.  Of these twenty-three are single family homes in Toluca Lake and nine are condos and townhomes for sale in Toluca Lake

There is one Toluca Lake short sale home

Average days on the market has fallen 18% since October '08 to October '09.  The medium sold price has increased 3% from October '08 to October '09.  During this time period, the number of homes under contract has increased 143%.  The number of new properties listed per month has decreased 61% from the same time period.

If you own a home in Toluca Lake and want to see what's has sold near your home, visit our Toluca Lake home value report page.  Thank you.

Source: Homes.LA & Terradatum
Link:
Toluca Lake Mobile Notary

Thursday, November 19, 2009

Mortgage delinquencies hit record high


Wednesday, November 18, 2009

Reseda Homes for Sale

Are you looking for Reseda homes for sale?  There are currently fifty-three single family homes for sale in Reseda and twenty-three Reseda condos and townhomes for sale.

There are nine bank owned homes in Reseda and thirty-five short sale homes in Reseda.  Bank owned homes are classified as homes which have been repossessed from the previous owners and now is owned by the bank.  Short sale homes are homes which the owner owes more than the home is worth.   Keep in mind that short sale homes are mostly likely pre-foreclosure homes in which the owner has stopped paying the mortgage payment.  Usually the home-owners are still living in a short sale home.

If you own a home in Reseda, you can find the Reseda home value report here.

Link:
Reseda Notary Service

Sunday, November 15, 2009

San Fernando Valley Luxury Homes

Are you looking to buy a luxury home here in the San Fernando Valley.  You can use the following links to view million dollar luxury homes.  Prices start from $950,000.



Encino Luxury Homes and Estates
Sherman Oaks Luxury Homes and Estates
Tarzana Luxury Homes and Estates
Studio City Luxury Homes and Estates

To view more areas, click here.

Tuesday, November 10, 2009

HomeBuyer Tax Credit Plan - Los Angeles

HomeBuyer Tax credit plan


The homebuyer tax credit expansion measure includes these provisions:

• Extends the $8,000 first time Homebuyers Tax Credit and creates a new $6,500 tax credit for homeowners buying a new home by July 1, 2010.

• Homebuyers with contracts as of April 30 qualify for the credit so long as they close the transaction within 60 days.

• The full credit is available to homebuyers with incomes of up to $125,000 for a single return or $225,000 for a joint return.

• Not available for homes costing over $800,000.

• Homebuyers who already own a home are only eligible if the home they are leaving has been used as a principal residence for five consecutive years in the last eight.

• Provides authority to the IRS to provide greater oversight while processing the return and requires that the taxpayer claiming the credit be 18 or older.

• Members of the military, military intelligence and foreign service who are on qualified extended official duty are not subject to the recapture fee and individuals who have been deployed overseas for 90 days or more in 2008 or 2009 can claim the credit through April 30, 2011.

“Realtors® appreciate the swift action by Congress to extend the homebuyer tax credit and expand it to some current homeowners,” NAR President Charles McMillan says.


“The substantial rise in home sales we’ve seen over the past few months proves that the tax credit is working and is being used by buyers who were waiting for the right opportunity to get into the market,” McMillan says. “This important incentive is helping to stabilize the housing market, stimulate the economy and create new jobs in communities all across our great nation. Extending and expanding the home buyer tax credit will enable even more families to take advantage of current low interest rates and affordable prices to invest in their future through homeownership.”

Please consult with your tax professional for tax advice.

Friday, November 06, 2009

Burbank Homes for Sale

Burbank Real Estate & Homes for Sale

There are currently 101 active homes for sale in Burbank.  Of these, 8 are Burbank bank owned homes and 16 are Burbank short sale homes. There are 10 luxury homes in Burbank priced over $950,000.

Burbank real estate statistics:
The montly supply of inventory from October '08 to October '09 is down 61.4% for single family homes in Burbank, CA
















The average days on market has decreased 21% during this time frame to 47 days.

The number of homes for sale has fallen 52%.



From the graphs above, the supply of homes available for active buyers has been reduced dramatically because more homebuyers in Burbank are in the marketplace.

Source: Homes.LA, Terradatum

Links:

Homebuyer Tax Credit Extended

BREAKING NEWS!!!!!
Obama Signs Extended Tax Credit into Law


Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.
Read more...

Tuesday, November 03, 2009

Tarzana Real Estate

Here is the latest real estate market update for Tarzana, CA.  Monthly supply of inventory for single family homes in Tarzana is down 67% from a year ago.















The median sold price for single family homes in Tarzana has jumped 76% in the last year to $825,000.



According to Homes.LA San Fernando Valley Real Estate web-site, there are a total of 88 active single family homes for sale in Tarzana

Quick Links:
Tarzana Luxury Homes and Estates
Tarzana Short Sale Homes / Pre-foreclosure
Source: Terradatum.com, Homes.LA

More Links: