The Federal Housing Administration (FHA) has extended the 90 day anti flipping waiver through 2014. This is good news for buyers who are using an FHA backed loan to purchase a property. FHA loans only required a 3.5% down payment. The extension of this waiver allows buyers to purchase a home that has been sold previously in the last 90 days.
If this waiver had not been extended, FHA buyers would not be able to buy a home that had been sold in the last 90 days. This would have seriously limited the number of properties they could purchase. FHA buyers are already limited by FHA standards as to the properties they can buy. You add the low inventory we have today and a FHA buyer would have had an even harder time finding a suitable property. I am so glad the waiver was extended.
Thursday, December 6, 2012
Monday, December 3, 2012
El Cajon Real Estate Market Report November 2012
Merry Christmas everyone. December is here and that means it is time to see how the El Cajon real estate market looked for the month of November. I am including the numbers for single family detached homes for all three of the El Cajon zip codes. If you would like information for condos or another area, please feel free to let me know.
92019
There are currently 49 active listings. Ranging from $235,000 for 2 bedroom, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedroom, 5 bathroom, 4498 square feet.
47 properties are pending (currently in escrow).
24 properties sold in November. Ranging from $170,000 for 2 bedroom, 1 bathroom, 837 square feet to $875,000 for 4 bedroom, 4 bathroom, 3359 square feet. The average time on the market was 92 days.
92020
There are currently 37 active listings. Ranging from $220,000 for 2 bedroom, 1 bathroom, 1352 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
47 properties are pending (currently in escrow).
22 properties sold (closed escrow) in November. Ranging from $170,000 for 2 bedroom, 1 bathroom, 648 square feet to $650,000 for 3 bedroom, 3 bathroom, 3628 square feet. The average time on the market was 46 days.
92021
There are currently 42 active listings. Ranging from $215,000 for 3 bedroom, 2 bathroom, 1704 square feet to $3,900,000 for 4 bedroom, 6 bathroom, 7745 square feet.
54 properties are pending (currently in escrow).
36 properties sold in November. Ranging from $160,000 for 2 bedroom, 1 bathroom, 804 square feet to $655,000 for 4 bedroom, 3 bathroom, 2870 square feet. The average time on the market was 49 days.
Wow, by looking at the numbers you can see there have been some serious changes in the real estate market. Inventory is way down and the buyers are back. If you are considering selling a home, now is the time to do it. Do not wait until after the holidays like so many others. Get your property listed NOW while there is less competition and the buyers are hungry.
I will be working through the holidays and I am here to answer all your questions. When you hear of anyone thinking of buying or selling a home, I would appreciate you recommending me. I would like to wish you and your family and very Merry Christmas and a safe and Happy New Year.
92019
There are currently 49 active listings. Ranging from $235,000 for 2 bedroom, 1 bathroom, 1180 square feet to $1,688,000 for 4 bedroom, 5 bathroom, 4498 square feet.
47 properties are pending (currently in escrow).
24 properties sold in November. Ranging from $170,000 for 2 bedroom, 1 bathroom, 837 square feet to $875,000 for 4 bedroom, 4 bathroom, 3359 square feet. The average time on the market was 92 days.
92020
There are currently 37 active listings. Ranging from $220,000 for 2 bedroom, 1 bathroom, 1352 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
47 properties are pending (currently in escrow).
22 properties sold (closed escrow) in November. Ranging from $170,000 for 2 bedroom, 1 bathroom, 648 square feet to $650,000 for 3 bedroom, 3 bathroom, 3628 square feet. The average time on the market was 46 days.
92021
There are currently 42 active listings. Ranging from $215,000 for 3 bedroom, 2 bathroom, 1704 square feet to $3,900,000 for 4 bedroom, 6 bathroom, 7745 square feet.
54 properties are pending (currently in escrow).
36 properties sold in November. Ranging from $160,000 for 2 bedroom, 1 bathroom, 804 square feet to $655,000 for 4 bedroom, 3 bathroom, 2870 square feet. The average time on the market was 49 days.
Wow, by looking at the numbers you can see there have been some serious changes in the real estate market. Inventory is way down and the buyers are back. If you are considering selling a home, now is the time to do it. Do not wait until after the holidays like so many others. Get your property listed NOW while there is less competition and the buyers are hungry.
I will be working through the holidays and I am here to answer all your questions. When you hear of anyone thinking of buying or selling a home, I would appreciate you recommending me. I would like to wish you and your family and very Merry Christmas and a safe and Happy New Year.
Alpine Real Estate Market Report November 2012
Tis the season and time for the monthly real estate market report for Alpine. Here are the numbers for November.
There are currently 47 active listings in Alpine. Ranging from $212,500 for 3 bedroom, 1 bathroom, 1236 square feet to $1,795,000 for 2 bedroom, 3 bathroom, 2615 square feet.
25 properties are pending (currently in escrow).
12 properties sold (closed escrow) in November. Ranging from $175,000 for 2 bedroom, 2 bathroom, 813 square feet to $635,000 for 4 bedroom, 4 bathroom, 3707 square feet. The average time on the market was 43 days.
I would like to wish you and your family a very Merry Christmas and a safe and Happy New Year. The real estate market has changed in the last year and would be happy to answer any questions that you have. If you or someone you know is considering making a move in the new year I would appreciate your referral.
There are currently 47 active listings in Alpine. Ranging from $212,500 for 3 bedroom, 1 bathroom, 1236 square feet to $1,795,000 for 2 bedroom, 3 bathroom, 2615 square feet.
25 properties are pending (currently in escrow).
12 properties sold (closed escrow) in November. Ranging from $175,000 for 2 bedroom, 2 bathroom, 813 square feet to $635,000 for 4 bedroom, 4 bathroom, 3707 square feet. The average time on the market was 43 days.
I would like to wish you and your family a very Merry Christmas and a safe and Happy New Year. The real estate market has changed in the last year and would be happy to answer any questions that you have. If you or someone you know is considering making a move in the new year I would appreciate your referral.
Jamul Real Estate Report November 2012
Merry Christmas everyone! It is time for the monthly real estate market report for Jamul. Here are the numbers for November 2012.
There are currently only 20 active listings in Jamul. They range from $231,110 for a 3 bedroom, 1 bathroom, 888 square feet to $2,600,000 for 3 bedroom, 3 bathroom, 2430 square feet.
15 properties are pending, (currently in escrow).
15 properties sold (closed escrow) in November. Ranging fro $175,500 for 3 bedroom, 2 bathroom, 2000 square feet to $840,000 for 4 bedroom, 5 bathroom, 3610 square feet. The average time on the market was 74 days.
With inventory so low in Jamul, now is the time to sell. Why wait until after the holidays to list your home like everyone else does? By listing now you will have less competition. Call me today to get your home on the market.
I would like to wish you and your family a very Merry Christmas and a safe and Happy New Year. I look forward to hearing from you and assisting you with all your real estate needs in the coming year.
There are currently only 20 active listings in Jamul. They range from $231,110 for a 3 bedroom, 1 bathroom, 888 square feet to $2,600,000 for 3 bedroom, 3 bathroom, 2430 square feet.
15 properties are pending, (currently in escrow).
15 properties sold (closed escrow) in November. Ranging fro $175,500 for 3 bedroom, 2 bathroom, 2000 square feet to $840,000 for 4 bedroom, 5 bathroom, 3610 square feet. The average time on the market was 74 days.
With inventory so low in Jamul, now is the time to sell. Why wait until after the holidays to list your home like everyone else does? By listing now you will have less competition. Call me today to get your home on the market.
I would like to wish you and your family a very Merry Christmas and a safe and Happy New Year. I look forward to hearing from you and assisting you with all your real estate needs in the coming year.
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