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Sellers statewide are getting their asking prices
Interest rates up in May
How fast are homes selling around here?
(Hint: Be ready to move quickly)
Glendora - 91741 and 91740 June 2017 = 45 days
San Dimas, CA June 2017 = 28 days
La Verne, CA . June 2017 = 19 days
Azusa, CA . June 2017 = 47 days
Average asking price VS sold price for La Verne:
Buyer demand for condos continues very high
La Verne = Seller's Market
In 91750, May 2017 was an amazing month for home sellers!
Asking price VS Selling Price:
Are sellers getting their asking prices today?
In Glendora, the answer is YES!
Year-to-date Asking Price vs Selling Price for 91741:
May 2017 = crazy high demand in 91740 too!
Check out the numbers -
Asking Price vs Selling Price:
Mortgage applications increased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 2, 2017. This week's results included an adjustment for the Memorial Day holiday
The Market Composite Index, a measure of mortgage loan application volume, increased 7.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 15 percent compared with the previous week. The Refinance Index increased 3 percent from the previous week. The seasonally adjusted Purchase Index increased 10 percent from one week earlier to its highest level since May 2010. The unadjusted Purchase Index decreased 14 percent compared with the previous week and was 6 percent higher than the same week one year ago.
The refinance share of mortgage activity decreased to 42.1 percent of total applications from 43.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4 percent of total applications.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) decreased to its lowest level since November 2016, 4.14 percent, from 4.17 percent, with points increasing to 0.34 from 0.32 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.
The average contract interest rate for 15-year fixed-rate mortgages decreased to its lowest level since November 2016, 3.39 percent, from 3.42 percent, with points increasing to 0.43 from 0.39 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.
Values steady & increasing. Glendora & La Verne affected by low inventory!
Compared to the Bay area and Silicon Valley, Los Angeles County prices are far more sustainable
Buying a home? Before you fall in love, watch out for this hidden tax!
Looking to avoid Mello-Roos? Call Kathleen today
Inventory down, rates edging up
Inventory is down, median prices up
Affordability issues hamper the Bay Area while SoCal is steady!
March 2017 home sales show a strong market here in the eastern San Gabriel valley!
2016 - 2017 Single Family Homes and Condos