4th  Quarter Closings City of La Habra for 2009 vs. 2008:

• $327,445 Average Sales Price 2009 ~ Price Per Sq. Foot $205.95 ~ 48 Days on Market
• $344,425 Average Sales Price 2008 ~ Price Per Sq. Foot $197.95 ~ 76 Days on Market

 Not all type of sales are the same: 

2009 ~  130 Total Closings~ 43%  Standard Sales ~ 26%  Bank Repos ~ 20% Short Sales ~ 11% Other

2008  ~ 154 Total Closing ~  29% Standard sales ~ 41 % Bank Repos 19% Short Sales ~ 11% Other

In analyzing the info I think the numbers reflect several things:

(1) Sales for the first half of 2009 were at a record low, while sales at year-end increased dramatically, largely in anticipation of the expiration of the first-time home buyer credit.

(2) Bank repos sales were lower in 2009 vs. 2008 for several reasons, goverment imposed foreclosure moratorium, both federally and state, the Obama Work Out Plan in hopes of doing loan modification for home owners, and in my opinion, many lenders not wanting to add to the massive wave of foreclosures on their books.

If you’re looking to buy a home or sell a home in La Habra, contact me, direct or text  714 595-1494.

La Habra, CA is far more than the home of Octo-Mom. It’s a great place to live for many reasons. Here’s an update on the real estate market when it comes to selling your La Habra home.

Living in La Habra ~  OC Home Sales Report 90631 August 2009 ~ 

So what’s happening in the La Habra real estate market today? A whopping 81% of all closings for the month were identified at *distressed sales.

 2009Single Family Home Sales Activity for August:

• 71 homes were for sale, up from 66 last month, and compared to 2/90/120/136/128/153/180/129/149/153/182 previously  
• 41 pending sales in escrow during the month, and compared to 40/43/41/26/30/36/20/19/34/24/18/25/34/37 pending sales.
• 23 homes closed in August down slightly from 28 last month and compared to 39/28/41/30/42/14/25/26 in prior months.  
• $407,000 was the average closed sales price, up slightly from the last two months, average size of 3 bedrooms 2 baths and 1,628 square feet, with an average 56 days on the market.
• 74% of the closings were identified as single family distressed sales, either short sales, in the process of foreclosure or bank repos, up from 48% & 58% for the past two months. 
• Final sales price was 100% of the original asking price, and 101% of the final asking price.  

**********************

Condo Sales:

• 33 condo/townhomes were for sale, slightly more than last month (which was the lowest number for 2009) and compared to 40/36/50/56/65/63/65/71/72/63/82 previously.
• 23 pending sales (in escrow) in August and compared in 20/20/9/7/18/7/6/12/23/11/6/5 for prior months.  
• 14 closed, compared to  19/15/11/18/8/11/10/3/8in prior months.
• $183,000 was the average closed price. 
• ALL but one the condo sold in August was identified as a distressed sales, i.e. short sales, in the process of foreclosure or bank repos, compared to 78% last month.
• The average condo size was 2 bedrooms and 2 baths at 963 square feet, with an average of 108 days on the market. 

***************************

If you’re a home buyer or a home seller it’s essential you have a clear understanding of today’s real estate market when it comes to market conditions in pricing and inventory.

Home Buyers:  Get loan approval in advance!  Once approved you normally have greater strength in negotiating prices. With declining inventory we’ve been seeing multiple offers on the same home. Do yourself a favor, get pre-approved!

For Home Sellers:  It’s about positioning vs. pricing. Getting ahead of others is crucial for a timely sale. Pricing ahead of the competition, including foreclosures/bank owned properties, normally results in a higher sales price in the long-run. 

 Selling your home?  87% of all home buyers begin today with the Internet for their home search. 80% of Orange County is on-line. The average age in Orange County is 36 and I don’t know of a “thirty something” person in Orange County who is not on line.

CA Real Estate Broker’s License #00-402040.

*Distressed sales include short sales, bank owned properties (aka REO’s), others may be sellers in arrears or where a Notice of Default has been filed.

4th  Quarter Closings City of La Habra for 2009 vs. 2008:

• $327,445 Average Sales Price 2009 ~ Price Per Sq. Foot $205.95 ~ 48 Days on Market
• $344,425 Average Sales Price 2008 ~ Price Per Sq. Foot $197.95 ~ 76 Days on Market

 Types of Sales:

2009 ~  130 Total Closings~ 43%  Standard Sales ~ 26%  Bank Repos ~ 20% Short Sales ~ 11% Other

2008  ~ 154 Total Closing ~  29% Standard sales ~ 41 % Bank Repos 19% Short Sales ~ 11% Other

In analyzing the data I think the numbers reflect several things:

(1) Sales for the first half of 2009 were at a record low, while sales at year-end increased dramatically, largely in anticipation of the expiration of the first-time home buyer credit.

(2) Bank repos sales were lower in 2009 vs. 2008 for several reasons, goverment imposed foreclosure moratorium, both federally and state, the Obama Work Out Plan in hopes of doing loan modification for home owners, and in my opinion, many lenders not wanting to add to the massive wave of foreclosures on their books.

Looking to buy or sell a La Habra home? Email or call me directly (714) 595-1494.

4th  Quarter Closings City of La Habra for 2009 vs. 2008:

• $327,445 Average Sales Price 2009 ~ Price Per Sq. Foot $205.95 ~ 48 Days on Market
• $344,425 Average Sales Price 2008 ~ Price Per Sq. Foot $197.95 ~ 76 Days on Market

 Types of Sales:

2009 ~  130 Total Closings~ 43%  Standard Sales ~ 26%  Bank Repos ~ 20% Short Sales ~ 11% Other

2008  ~ 154 Total Closing ~  29% Standard sales ~ 41 % Bank Repos 19% Short Sales ~ 11% Other

In reviewing the info, I think the numbers reflect several things:

(1) Sales for the first half of 2009 were at a record low, while sales at year-end increased dramatically, largely in anticipation of the expiration of the first-time home buyer credit.

(2) Bank repos sales were lower in 2009 vs. 2008 for several reasons, goverment imposed foreclosure moratorium, both federally and state, the Obama Work Out Plan in hopes of doing loan modification for home owners, and in my opinion, many lenders not wanting to add to the massive wave of foreclosures on their books.

Buying or selling a La Habra homes, contact me, directly (714) 595-1494.

This report is intended to give you an overview of the real estate market compared to prior months  in La Habra for both single family homes and condominium sales.

If you’re a home buyer or a home seller it’s essential you have an understanding of today’s real estate market when it comes to market conditions in pricing and inventory. As inventory, (homes for sale) continues to decline it’s still a matter of supply and demand, therefore prices have continued to decline in each month of 2007.

Oneof our biggest issues at this point is financing. While FHA financing is available at increased loan amounts, conventional financing especially in large loan (we refer to as jumbo) remain difficult. If you’re a home buyer you want to begin the loan process in advance of your home search. Once approved you normally have great strength in bargaining on prices.

If you’re a home seller, pricing your ahead of others is crucial for a timely sale. That’s right, pricing it ahead of the competition, including foreclosures/bank owned properties.

Single family homes range in price from $180,000 to $1,675,000, although only 4 were priced over $1,000,000.00 (exactly the same as last two months).

128 homes were for sale, down for the past seven months and compared to 153/180/129/149/153/182/216 prior months.

• 20 pending sales in escrow during the month, and compared to prior months of 19/34/24/18/25/34/37 pending sales.
• 42 homes closed DEC, up from 30 last month and compared to 35/2/27/14/25/26 prior months.
• $471,000 was the average asking price.

$470,000 was the average closed price (up from $432,000 last month and $389,000 the prior month) for 1,680square feet with an average of 101 days on the market.

**********************

Condominiums range from $115,000 to $399,000.

• 65 condo/town-homes were for sale, as compared to 71/72/63/82/83 in prior months.
• 7 pending sales (currently in escrow) in escrow, compared in 6/12/23/11/6/5 for prior months.
• 11 closed, compared to 10/3/8/10 in prior months.
• $218,300 was the average asking price for a 2 bedroom/2 bath, 1032 square feet with an active days on the market of 92.
• $199,477 was the average closed price (compared to $202,700) for 2 bedroom/2 bath, 1,012 square feet, with an average time of 69 days on the market.

Check out August 2008 report here, or view September 2008 or October 2008, or see my So Cal Home Prices A Foot At A Time.

La Habra is well known for the lively Children’s Museum,  click here to see more, we’ve been there many times ourselves with our family   If you’re interested in learning more about La Habra check out Living in La Habra, and see why La Habra is a city with a heart.

Want to know more about La Habra Real Estate? Contact me Lynda@PreferredHomeBrokers.com, view Preferred Home Brokers and see why we’re one of the longest established independent brokerages in Orange County under the same ownership

If you are thinking of selling your Orange County home consider this:

• 84% of all home buyers begin today with the Internet for their home search.
• 80% of Orange County is on-line.
• The average age in Orange County is 36 and I don’t know of a “thirty something” person in Orange County who is not on line.
• For  the maximum on-line marketing exposure contact me Lynda@PreferredHomeBrokers.com

• The residential real estate activity for February 2008:

Single family homes  from a low $219,000 to $1,675,000 in the City of La Habra ~ The current median list price is $465,000.

• 216 currently for sale in the city, about the same since October 2007.
• 18 pending sales, currently in escrow, double from the past 5 months.
• 18 homes closed escrow in Feb, double of the past 2 months and the highest number since mid-2007.

Condominium activity for February:

• Condos currently range from $160,000 to $589,000 in the city ~ median list price is $296,000.
• 76 condo/town-homes currently for sale in, down somewhat from the past 5 months.
• 3 pending sales (currently in escrow) in escrow for the month, about the same as past 5 months.
• 5 properties closed escrow, up slightly from last month, yet lower than previous 3 months.

La Habra’s current housing supply of 11 months.
–Data source for market information~ SoCalMLS the second largest MLS in the U.S.

This is intended to be a snapshot for December 2007 in comparison to the prior 3 months. 

Single family activity for December:

• Single family homes currently range from $260,000 to $1,430,000 in the City of La Habra.
• 200 currently for sale in the city, down slightly last 3 months, 210/Nov, 212 /Oct.&Sept.
• 11 pending sales, currently in escrow, up from 7 for last 2 months and 5/Sept.
• 10 homes closed escrow in Dec. up slightly from 9/Nov. similar to 10/October, 11/ September and down from 16/ July.
• 48 homes were taken off the market, or listings expired or withdrawn, similar to 59/58 for the last two months/

Condo activity for December:

• Condos currently range from $195,000 to $630,000 in the city (similar to last month).
• 80 condo/town-homes currently for sale in, up slightly from 77 in Nov. compared to 105/Oct. & 111/September.
• 4 pending sales (currently in escrow) in escrow for the month, up from 3 last month, compared to 4/Oct., 2/Sept.
• 2 properties closed escrow, compared to 7 last month and 15/Oct. and for 18 Sept.
• 35 properties were removed from the market, listings expired or canceled, compared to 21 last month 15 for Oct.

–Data source for market information~ SoCalMLS the second largest regional MLS in the U.S.

• November 2006 vs. November 2007 reflects a -6.5 decrease for over all Orange County according to Dataquick

If you lived in La Habra you would be approximately:

• 9  Miles north of ~ Disneyland, “The Happiest Place on Earth”.
• 23 Miles north/west of ~ John Wayne Airport in Santa Ana
• 23 Miles east of ~ downtown Los Angeles
• 31 Miles east of ~ LAX, Los Angles International Airport
• 28 Miles south/west of ~ Ontario International Airport
• 104 Miles north of San Diego, CA
• 400 Miles south of San Francisco, CA

The City of La Habra us famous for their Children’s Museum, click hereto see more. If you’re interested in learning more about La Habra check out Living in La Habra, and see why La Habra is a city with a heart.

If you’re interested in La Habra Real Estate, contact me Lynda@PreferredHomeBrokers.com, check out  Preferred Home Brokers and see why we’re one of Orange Countie’s oldest independent brokerages under the same ownership.

Thinking of selling your La Habra area home it’s important you understand positioning vs. pricing in today’s market. It’s also important you hire a Realtor who is definitely experienced in this type of real estate market. You can count on my 30+ years hands-on real estate experience if a variety of market conditions. Text, or call me (714) 595-1494.

Living in La Habra, CA.

If you’ve ever considered living in La Habra, or if you’re considering selling your La Habra home, you may find this residential market report interesting. I’ve been doing market reports for many of the SoCal cities each month. 

The real estate market report for sales/market activity for November 2007 is as follows:

Single family activity for November:

• Single family homes currently range from $265,000 to $1,430,000 in the city of La Habra.
• 210 homes currently for sale in the city, compared to 212 /Oct.&Sept.
• 7 pending sales, currently in escrow, same as Oct. and 5/Sept.
• 9 homes closed escrow in Nov. similar to 10/October &  September and down from 16/ July.
• 59 homes were removed from the market, or listings expired or withdrawn, similar to 58 last month and 46 the prior month.

Condominium activity  for November:

• Condos currently range from $179,000 to $630,000 in the city.
• 77 condo/town-homes currently for sale in, 105/Oct. &  to 111/September.
• 3 pending sales (currently in escrow) in escrow for the month, compared to 4/Oct. ~ 2/Sept.
• 7 properties closed escrow, compared to 15/Oct. ~ 18/Sept.
• 21 properties were removed from the market, listings expired or canceled, compared to 15/Oct.

The O.C. City of La Habra is located on the Northern boundaries of Orange and L.A. counties, yet  to be confused with nearby La Habra Heights, right next-door and is in L.A. County, La Habra is a bedroom community of primarily single-family homes on nice size lots, in great neighborhoods.  The realization of the American Dream of homeownership for many.

La Habra is also known as the home of the famous Children’s Museum. What a great place to spend an afternoon. The Children’s  museum is on Euclid in the heart of the city. Admission is $5 for La Habra residents and $6 for other visitors. It’s a great way to spend an afternoon with the kids, I’ve done it several times myself.

If you’re interested in learning more about La Habra real estate check out Living in La Habra, and see why La Habra is a city with a heart by remembering those who serve.

For real estate help in La Habra, contact me Lynda@PreferredHomeBrokers.com. To view La Habra homes online view the same MLS used by REALTORS. Set up your own personalized search criteria.

–Photo upper right is a view of the newer homes overlooking the Westridge Golf Club. I took this photo on a beautiful Spring day earlier this year.