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Blog Details for "Arcadia Housing Blog"
Arcadia Housing Blog Arcadia Housing Blog An informative web-log chronicling the real estate market in and around the city of Arcadia, California. Articles
Competition on Joaquin
2008-04-07 15:00:00 716 Joaquin Rd. Asking Price $775,000 ::: Sq-ft 1,452 Purchased Price $343,000 ::: Lot Size 9,000 Purchased Date 10/13/2000 ::: Beds 2 Days on Redfin 2 ::: Baths 1.75 $/Sq-ft $534 ::: Year Built 1948 20% Downpayment $155,000 ::: Area Peacock Village Income Required $193,750/yr ::: Type SFR Est. Payment* $3,918/month ::: MLS# A08049960 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Last week we profiled a short sale on this same street for $699k. It’s also a 2bed/1.75 bath single family residence with similar square footage; that makes it a direct comparison to today’s ... More About: Competition
Inventory & Market Report - 4/5/08
2008-04-06 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of April 5th, 2008* Properties for Sale: 255 (+21) Median Listing Price: $775,000 (+0.5%) Weekly Foreclosure Update* Properties in Foreclosure: 20 (+1) Properties in Pre-Foreclosure: 67 (+3) *+/- is compared to previous week’s data. A friend came up to me a few weeks ago and he was saying how Arcadia’s high-end real estate market will ... More About: Report , Inventory
Message from a local builder
2008-04-05 15:00:00 I received an email from “John” last week. Thinking it was a friend, I opened the mesage and it turns out to be from John Laing Homes. My email is registered with all the builders so it wasn’t surprising that John had some comments regarding the current housing market. See for yourself and let us ... More About: Misc , Post , Local , Message , Builder
Highland History & HELOC Abuse
2008-04-04 16:00:00 1518 Highland Oaks Dr. Asking Price $1,198,000 ::: Sq-ft 2,435 Purchased Price $402,000 ::: Lot Size 0.45 acres Purchased Date 10/16/1992 ::: Beds 3 Days on Redfin 11 ::: Baths 2.25 $/Sq-ft $492 ::: Year Built 1951 20% Downpayment $239,600 ::: Area Highlands Income Required $299,500/yr ::: Type SFR Est. Payment* $6,057/month ::: MLS# A08042694 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% On the surface, this looks like any other overpriced listing. There was nothing special that caught my eye except for the rather large price drop in the previous post-bubble downturn. This house ... More About: Abuse , History
Short Sale in Peacock Village
2008-04-03 16:00:00 707 Joaquin Rd. Asking Price $699,000 ::: Sq-ft 1,513 Purchased Price $669,000 ::: Lot Size 8,625 Purchased Date 02/28/2005 ::: Beds 2 Days on Redfin 2 ::: Baths 1.75 $/Sq-ft $462 ::: Year Built 1947 20% Downpayment $139,800 ::: Area Peacock Village Income Required $174,750/yr ::: Type SFR Est. Payment* $3,534/month ::: MLS# H08047616 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “* * SHORT SELL PROPERTY * * SUBJECT TO LENDER APPROVAL * * BEAUTIFUL HOME LOCATED IN THE VILLAGE AREA, PRIVATE CUL-DE-SAC STREET. REMODELED IN 2005. NEW ELECTRICITY WIRING, PLUMBING. A/C. DOUBLE PANE ... More About: Sale , Short
$1,075/sq-ft on Norman Ave.
2008-04-02 16:00:00 152 W. Norman Ave. Asking Price $1,888,000 ::: Sq-ft 1,757 Purchased Price $1,350,000 ::: Lot Size 0.58 acres Purchased Date 01/04/2008 ::: Beds 3 Days on Redfin 2 ::: Baths 2 $/Sq-ft $1,075 ::: Year Built 1949 20% Downpayment $377,600 ::: Area Santa Anita Income Required $472,000/yr ::: Type SFR Est. Payment* $9,546/month ::: MLS# A08047321 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% First and foremost, don’t be fooled by the picture. That’s not the picture of the house for sale - that’s a picture of the house across the street. The are pictures ...
400+ DOM in Arcadia
2008-04-01 16:00:00 As the housing correction continues, inventory will increase and more properties will stay on the market without a transaction. Deceiving realtors often take a listing off MLS and Redfin, only to re-list right away in order to reset the days-on-market counter. This particular listing has been re-listed so many times I’ve lost count, but the ... More About: Arcadia
The Data Does Not Lie
2008-03-31 16:00:00 Most bubble blog readers know that the housing correction will be severe, but I sense that the average Joe still does not quite understand the magnitude of the consequences caused by this Great Ponzi Scheme. The MSM is partially to blame for their cheer-leading headlines and quotations from the NAR’s misleading reports, but it is ... More About: Misc , Post , Data
Inventory & Market Report - 3/29/08
2008-03-30 16:00:00 Zip Codes: 91006, 91007 Current Market Listings as of March 29th, 2008* Properties for Sale: 234 (-11) Median Listing Price: $775,000 (+0) Weekly Foreclosure Update* Properties in Foreclosure: 19 (+2) Properties in Pre-Foreclosure: 64 (-1) *+/- is compared to previous week’s data. Last February’s housing numbers are reporting nothing but negative news. Let’s start on the national level: Bloomberg is reporting that “Home prices ... More About: Report , Inventory
On the Hunt
2008-03-29 14:00:00 1025 W. Hunt ington Dr. #K Asking Price $228,000 ::: Sq-ft 1,160 Purchased Price $200,000 ::: Lot Size 2,117 Purchased Date 10/28/2005 ::: Beds 3 Days on Redfin 25 ::: Baths 2 $/Sq-ft $197 ::: Year Built 1968 20% Downpayment $45,600 ::: Area Huntington Income Required $57,000/yr ::: Type Condo Est. Payment* $1,153/month ::: MLS# W08032144 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% This is the cheapest property on the market in Arcadia today. At $228,000 and $197/sqft it looks like a steal, but looks can be deceiving. The $1,153/month mortgage payment is very affordable; ...
Dear Homedebtors? [Digg]
2008-03-28 18:27:00 There?s no roundabout way to put it so let?s just get to the point. If you are serious about selling your property - price it to sell. More About: Digg
Dear Homedebtors?
2008-03-28 15:00:00 After doing property profiles on AHB day in and day out, it has come to my attention that most sellers are still overpricing their property for sale. As a potential buyer, I would like to share something with them. Perhaps they are still in denial and believe that buyers are willing (and/or able) to meet ... More About: Misc , Post
Camp and Wait
2008-03-18 15:00:00 525 Camp esina Rd. Asking Price $1,950,000 ::: Sq-ft 5,279 Purchased Price $1,548,500 ::: Lot Size 0.33 acres Purchased Date 07/21/2006 ::: Beds 6 Days on Redfin 103 ::: Baths 5.25 $/Sq-ft $369 ::: Year Built 1989 20% Downpayment $390,000 ::: Area Peacock Village Income Required $487,500/yr ::: Type SFR Est. Payment* $9,859/month ::: MLS# 22102844 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Since I featured Peacock Village in yesterday’s community profile, it’s only fitting that we profile properties in that area this week. Today we have a modern home on the north side of ... More About: Wait
Community Profile - Peacock Village
2008-03-17 15:00:00 This will be the first of several community profiles showcasing different areas in the city of Arcadia. The idea is to provide a general overview of distinct communities so that readers who are not familiar with the area have a better understanding of these places. While this has been on my to-do list for weeks, ... More About: Community , Profile , Village
Inventory and Market Report - 3/15/08
2008-03-16 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of March 15, 2008 Properties for Sale: 257 (+57)* Median Listing Price: $769,000 (+1.4%)* Weekly Foreclosure Update* Properties in Foreclosure: 15 (+1) Properties in Pre-Foreclosure: 72 (+8) *+/- is compared to previous week’s data. Although there is no shortage of data and reports showing that Souther California’s median home prices have dropped at record rates, ... More About: Report , Inventory
Excuse Me?
2008-03-15 15:00:00 504 W. Naomi Ave. Asking Price $1,600,000 ::: Sq-ft 3,542 Purchased Price $533,000 ::: Lot Size 0.44 acres Purchased Date 01/07/1993 ::: Beds 3 Days on Redfin 16 ::: Baths 2 $/Sq-ft $452 ::: Year Built 1951 20% Downpayment $320,000 ::: Area Baldwin Income Required $400,000/yr ::: Type SFR Est. Payment* $8,089/month ::: MLS# A08030241 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% * * * * * subject is listed for land, the existing old house, plus a newly approved project plan, its more than 7100 sqft. luxious contemporary ... More About: Excuse
Under $900k in the Highlands
2008-03-14 15:00:00 1528 N. Santa Anita Ave. Asking Price $888,000 ::: Sq-ft 1,751 Purchased Price — ::: Lot Size 8,800 Purchased Date 1954 ::: Beds 2bed+den Days on Redfin 7 ::: Baths 2 $/Sq-ft $507 ::: Year Built 1954 20% Downpayment $177,600 ::: Area Highland Income Required $222,000/yr ::: Type SFR Est. Payment* $4,490/month ::: MLS# A08034464 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% During the heydays of the RE boom it was next to impossible to find something in the Highlands for under $1MM. Today we have a listing on the slopes of Santa Anita ... More About: The Highlands
REO on Colorado for $265/sqft
2008-03-13 15:00:00 307 E. Colorado Blvd. Asking Price $859,000 ::: Sq-ft 3,243 Purchased Price $1,088,000 ::: Lot Size 7,296 Purchased Date 11/14/2006 ::: Beds 5 Days on Redfin 4 ::: Baths 4 $/Sq-ft $265 ::: Year Built 1991 20% Downpayment $171,800 ::: Area Near Monrovia Income Required $214,750/yr ::: Type SFR Est. Payment* $4,343/month ::: MLS# 22106998 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Today’s profile is a prime example of how stupid lending practices create massive bubbles and thus massive losses. In this case, the bank takes the hit and the squatters get a dinged ...
Empty McMansion #7
2008-03-12 15:00:00 1800 Lee Ave. Asking Price $1,658,000 ::: Sq-ft 5,000 Purchased Price $758,000 ::: Lot Size 10,500 Purchased Date 10/21/2005 ::: Beds 4 Days on Redfin 3 ::: Baths 4.5 $/Sq-ft $332 ::: Year Built 2008 20% Downpayment $331,600 ::: Area Santa Anita Income Required $414,500/yr ::: Type SFR Est. Payment* $8,383/month ::: MLS# W08035337 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “Brand New home in a quiet cul-de-sac, great curb appeal, 4 spacious bedroom suits, (two upstairs, two downstairs), 4.5 baths, family room overlooking backyard, upstairs tatami room and 2nd family room (or den), ... More About: Empty
Google Drive killer coming from MIT Startup [Digg]
2008-03-11 18:12:00 For Windows and Mac OS X... why wasn't this made 5 years ago? More About: Google , Drive , Digg , Killer , Startup
The Foreigner Rescue Scenario
2008-03-11 15:00:00 Many have used what I like to call the ?foreigner-rescue-scenario? as the primary reason why Arcadia and other cities in the San Gabriel Valley will be essentially immune from the housing crash. I happen to disagree and would be remiss if I simply dismissed it without a closer examination. When kool-aid drinkers state ... More About: Analysis , Rescue , Scenario , Foreigner
A Long Way To Go
2008-03-10 15:00:00 271 Long ley Way Asking Price $898,000 ::: Sq-ft 2,300 Purchased Price $850,000 ::: Lot Size 14,460 Purchased Date 02/28/2007 ::: Beds 3 Days on Redfin 86 ::: Baths 3 $/Sq-ft $390 ::: Year Built 1947 20% Downpayment $179,600 ::: Area Baldwin Income Required $224,500/yr ::: Type SFR Est. Payment* $4,540/month ::: MLS# W07176926 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% This property looks like a flip that never happened and now the sellers are desperately trying to get out unscathed. In the description it says “seller have plans for approx. 800 sqft master 4th bedroom” so I assume the plan was to buy, put in addition and turn around to sell for profit. However, it must have took them a while to get the building permits because the credit crunch rocked the market soon after they bought it. Purchase Price $850,000 Purchase Date 02/28/2007 1st Loan $680,000 2nd Loan $84,150 Downpayment $85,850 Mortgage $764,150 Listing History 12/15...
Inventory and Market Report - 3/7/08
2008-03-09 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of March 7, 2008 Properties for Sale: 200 (-63)* Median Listing Price: $758,000 (-2.7%)* Median Sales Price for Homes in Arcadia Weekly Foreclosure Update Properties in Foreclosure: 14 (+0)* Properties in Pre-Foreclosure:64 (+3)* *+/- is compared to previous week’s data. Interestingly enough, 63 Arcadia homes came off the market this week. How many of these were ... More About: Report , Inventory
33 Awesome Body Enhancement Photoshop Tutorials [Digg]
2008-03-08 23:24:00 Human body retouching - a collection of the 33 best Photoshop tutorials. More About: Tutorials , Body , Awesome , Digg
Fight the Nesting Instinct
2008-03-08 15:00:00 The nesting instinct is typically characterized by the irrational behaviors of women during and after childbirth. Its symptoms are also common among newly-weds and young couples. This irrationality often entails purchasing a home with or without sound financial prudence. As a woman, I understand that and accept responsibility for the financial and/or emotional trauma our ... More About: Misc , Post , Fight
Can?t See the Forest for the Trees
2008-03-07 15:00:00 44 E. Forest Ave. Asking Price $1,350,000 ::: Sq-ft 2,200 Purchased Price $506,000 ::: Lot Size 7,570 Purchased Date 08/24/2005 ::: Beds 4 Days on Redfin 140 ::: Baths 2.75 $/Sq-ft $614 ::: Year Built 2007 20% Downpayment $270,000 ::: Area Santa Anita Income Required $337,500/yr ::: Type SFR Est. Payment* $6,825/month ::: MLS# W07152876 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “brand new under construction…convenient location, near stores, shop & transportation…homes will be ready until early next year” Looks like these sellers listed the house last year before it was even completed. ... More About: Trees
Carried Away with the House
2008-03-06 15:00:00 705 Carriage House Dr. Asking Price $3,500,876 ::: Sq-ft 5,755 Purchased Price $1,953,500 ::: Lot Size 25,157 Purchased Date 07/24/2002 ::: Beds 5 Days on Redfin 4 ::: Baths 6.5 $/Sq-ft $608 ::: Year Built 2002 20% Downpayment $700,175 ::: Area SantaAnitaOaks Income Required $875,219/yr ::: Type SFR Est. Payment* $17,700/month ::: MLS# W08004196 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% This beautiful property is located in the “exclusive guard-gated community of Anoakia Estates” up in the Santa Anita Oaks area. Too bad they want $3.50MM for it when they paid just $1.95MM five ... More About: The House
Empty McMansion #6
2008-03-05 15:00:00 619 Rosemarie Dr. Asking Price $1,280,000 ::: Sq-ft 3,150 Purchased Price $480,000 ::: Lot Size 7,440 Purchased Date 11/21/2003 ::: Beds 4 Days on Redfin 56 ::: Baths 4.5 $/Sq-ft $406 ::: Year Built 2007 20% Downpayment $256,000 ::: Area Baldwin Stocker Income Required $320,000/yr ::: Type SFR Est. Payment* $8,090/month ::: MLS# W08004196 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% $1,280,000 (asking price) - 6% commission - $480,000 (purchase price) -$598,500 (construction costs @ $190/sqft) - $103,785 (carrying cost @ $2,035/month x 51 months) = approx. $21k profit Purchase Price $480,000 Purchase Date 11/21/2003 1st ... More About: Empty
Empty McMansion #5
More articles from this author:2008-03-04 15:00:00 333 E. Las Flores Ave. Asking Price $1,738,000 ::: Sq-ft 3,954 Purchased Price $788,000 ::: Lot Size 9,417 Purchased Date 08/23/2006 ::: Beds 5 Days on Redfin 32 ::: Baths 5.5 $/Sq-ft $440 ::: Year Built 2008 20% Downpayment $347,600 ::: Area Santa Anita Income Required $434,500/yr ::: Type SFR Est. Payment* $8,787/month ::: MLS# A08015473 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “THIS MAGNIFICENT BRAND NEW CUSTOM BUILT ARCADIA ESTATE IS A SHOWCASE OF LUXURY, TOP QUALITY WITH EXQUISITE DESIGN AND IMPECCABLE CRAFTSMANSHIP. 5 SUITES, 2 DOWN STAIRS. MASTER SUITE HAS JACUZZI TUB, ... More About: Empty 1, 2, 3 |
