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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
Internet Savvy Buyers
2008-05-07 15:00:00 The internet has changed the way we live. From electronic shopping to scrapbooking, the internet has become the go-to source for researching just about anything. It’s completely changed the way people buy their airline tickets and turned the negotiation tables around on the car dealership show floor. There’s literally an entire world of information at ... More About: Internet , Misc , Post , Savvy , Buyers
Holy Freeway Noise Batman
2008-05-06 15:00:00 612 N. 1st Ave. Asking Price $599,000 ::: Sq-ft 1,688 Purchased Price $586,000 ::: Lot Size 7,410 sq-ft Purchased Date 12/24/2007 ::: Beds 3 Days on Redfin 41 ::: Baths 2.5 $/Sq-ft $355 ::: Year Built 1941 20% Downpayment $119,800 ::: Area 210 fwy Income Required $149,750/yr ::: Type SFR Est. Payment* $3,029/month ::: MLS# A08044213 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “Price Reduced !! Priced for quick sale. one story single family residence with swimming pool, located in a nice neighborhood, north of Colorado. 3 Bedroom plus a den. Property has been ... More About: Batman , Freeway , Holy , Noise
$1,075/sq-ft on Norman Ave - Update
2008-05-05 15:00:00 152 W. Norman Ave. Asking Price $1,480,000 ::: Sq-ft 1,757 Purchased Price $1,400,000 ::: Lot Size 0.58 acres Purchased Date 03/31/2008 ::: Beds 3 Days on Redfin 34 ::: Baths 2 $/Sq-ft $842 ::: Year Built 1949 20% Downpayment $296,000 ::: Area Santa Anita Income Required $370,0 00/yr ::: Type SFR Est. Payment* $7,484/month ::: MLS# A08047321 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% I profiled this house a month ago when it was asking for an even more ridiculous $1,888,888. At the time, the lame realtor had posted a picture of the ... More About: Update
Inventory & Market Report - 5/3/08
2008-05-04 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of May 3rd, 2008* Properties for Sale: 218(-13) Median Listing Price: $779,000 (-0.12%) Weekly Foreclosure Update* Properties in Foreclosure: 24 (+0) Properties in Pre-Foreclosure: 66 (+2) *+/- is compared to previous week’s data. For our regular property profile posts, SavedbyGrace has a section labeled “Income Required.” It gives an estimate of how much a household ... More About: Report , Inventory
Volume Down. Median Down.
2008-05-03 15:00:00 If you refer back to last week’s Inventory post, I had listed the number of home sales for 1st quarter of 2008: Date Sold Median Price Change YOY January 32 $687,500 4.17% February 32 $815,000 -20.61% March 35 $725,500 -13.16% That’s a total of 99 homes sold in Arcadia over the last 3 months. How does this compare to previous quarters when ... More About: Analysis , Volume
Under $750k in Peacock Village
2008-05-02 15:00:00 812 Victoria Dr. Asking Price $748,000 ::: Sq-ft 1,256 Purchased Price $27,500 ::: Lot Size 7,675 sq-ft Purchased Date 07/11/1969 ::: Beds 2 Days on Redfin 2 ::: Baths 1 $/Sq-ft $596 ::: Year Built 1941 20% Downpayment $149,600 ::: Area Peacock Village Income Required $187,000/yr ::: Type SFR Est. Payment* $3,782/month ::: MLS# 22109279 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% This listing caught my eye because it’s a new price point in the beautiful Lower Rancho area also known as Peacock Village. This is the first decent looking single-family residence that I’ve ...
So what got us into this mess?
2008-05-01 15:00:00 Real estate always goes up. Land is running out. Rich foreigners are pouring in by the boat load. Real estate is a great investment. So why in the world are we facing the largest housing and credit crisis in U.S. history? The Culprits Lenders started pushing sub-prime loans so people with bad credit and no down payment could afford to ... More About: Analysis , Mess
More Bank Owned Foreclosures
2008-04-30 15:00:00 307 E. Duarte Rd. #B Asking Price $579,900 ::: Sq-ft ? Purchased Price ? ::: Lot Size ? Purchased Date ? ::: Beds 3 Days on Redfin 199 ::: Baths 3.5 $/Sq-ft ? ::: Year Built 1963 2007? 20% Downpayment $115,980 ::: Area Near Monrovia Income Required $144,975/yr ::: Type Attached Condo Est. Payment* $2,932/month ::: MLS# W07149970 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “Bank owned foreclosure. Beautiful 3bed +3.5bath townhouse! Spacious LR w/ hardwood floors & frpl. Kitchen w/ granite counters, dishwasher & stove. Upstairs has a loft perfect for a small ... More About: Foreclosures , Owned
Rodeo Casualty
2008-04-29 15:00:00 905 Rodeo Rd. Asking Price $575,000 ::: Sq-ft 1,631 Purchased Price $628,000 ::: Lot Size 0.26 acres Purchased Date 09/01/2004 ::: Beds 2 Days on Redfin 11 ::: Baths 2 $/Sq-ft $353 ::: Year Built 1950 20% Downpayment $115,000 ::: Area North Arcadia Income Required $143,750/yr ::: Type SFR Est. Payment* $2,907/month ::: MLS# H08056514 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “This 3 bedroom 2 bathroom home has Hardwood Floors and Fireplace. Dinning room has a great view with an elegant touch for hosting. This home has a huge front and backyard excellent ... More About: Casualty
Say What?
2008-04-28 15:00:00 I’ve kept a close eye on the rise and fall of the housing boom for the past few years. During that time I’ve heard all sorts of opinions and stories from renters, homeowners, coworkers, relatives, realtors, brokers and even random strangers. For the past many years it was mostly the usual “buy now before you ... More About: Analysis
Inventory and Market Report - 4/26/08
2008-04-27 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of April 26th, 2008* Properties for Sale: 222 (+9) Median Listing Price: $779,000 (-2.5%) Weekly Foreclosure Update* Properties in Foreclosure: 24(+3) Properties in Pre-Foreclosure: 64 (-2) *+/- is compared to previous week’s data. March numbers for Arcadia have been reported. Let’s take a look at how first quarter of 2008 fared. 2008 First Quarter Sales Report ... More About: Inventory
Arcadia Properties in Distress
2008-04-26 15:00:00 It’s the weekend and you’re bound to see a lot of open house signs everywhere. If you have nothing else to do, check out one of these distressed properties and get a good hard look at the market landscape. Heck, if it strikes you to do so, throw in a few ultra lowball offers while ... More About: Misc , Post , Arcadia , Properties
A Long Way to the Bottom
2008-04-25 15:00:00 I recently had the opportunity to meet with 3 individuals who “specialize” in real estate investments. I say this with a sarcastic tone because these guys started flipping properties in 2003 and rode the real estate bubble to success. With all the news lately regarding the drop in real estate prices, increase in foreclosures and ... More About: Analysis , Long , Bottom
Who?s the Lucky One?
2008-04-24 15:00:00 5640 Hallowell Ave. Asking Price $619,000 ::: Sq-ft 1,396 Purchased Price $124,000 ::: Lot Size 6,098 Purchased Date 01/16/1985 ::: Beds 2 Days on Redfin 17 ::: Baths 2 $/Sq-ft $443 ::: Year Built 1952 20% Downpayment $123,800 ::: Area Live Oak Income Required $154,750/yr ::: Type SFR Est. Payment* $3,130/month ::: MLS# A08050209 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “THIS IS YOUR LUCKY DAY!! THIS GREAT BUY IS BACK ON THE MARKET DUE TO AN UNQUALIFIED BUYER!!” $619k for a dated 2bed/2bath. Who’s the lucky one? You tell me. This is probably ... More About: Lucky
Back House REO
2008-04-23 15:00:00 1233 S. 6th Ave. Asking Price $1,169,000 ::: Sq-ft 4,227 Purchased Price $1,500,000 ::: Lot Size 0.36 acres Purchased Date 07/15/2005 ::: Beds 5 Days on Redfin 2 ::: Baths 4 $/Sq-ft $277 ::: Year Built 1989 20% Downpayment $233,800 ::: Area Santa Anita Income Required $292,250/yr ::: Type SFR Est. Payment* $5,910/month ::: MLS# 22108989 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Another day, another REO in Arcadia. Today’s property is situated on the eastern edge of the city, close to Monrovia and is located in the back of a duplex. The previous ... More About: House , Back
Pre-Foreclosure Foothill Short Sale
2008-04-22 15:00:00 140 W. Foothill Blvd. Asking Price $770,000 ::: Sq-ft 1,735 Purchased Price $800,000 ::: Lot Size 0.33 acres Purchased Date 08/23/2006 ::: Beds 3 Days on Redfin 58 ::: Baths 1.75 $/Sq-ft $444 ::: Year Built 1947 20% Downpayment $154,000 ::: Area Santa Anita/fwy Income Required $192,500/yr ::: Type SFR Est. Payment* $3,893/month ::: MLS# A08027588 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Because of the previous community profiles, I’ve been profiling homes in the northern part of Arcadia for the past few weeks. During the weekend I had made up my mind to ... More About: Sale , Foreclosure , Short
Hyland REO
2008-04-21 15:00:00 1511 Hyland Ave. Asking Price $1,698,800 ::: Sq-ft 3,504 Purchased Price $1,500,000 ::: Lot Size 0.27 acres Purchased Date 01/07/2005 ::: Beds 6 Days on Redfin 4 ::: Baths 4 $/Sq-ft $485 ::: Year Built 1948 20% Downpayment $339,760 ::: Area Highlands Income Required $424,700/yr ::: Type SFR Est. Payment* $8,589/month ::: MLS# A08056374 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Many often wonder if the high end of the market is immune from the market downturn. So far, subprime has done its share of damage to California and as expected, it hasn’t affected ...
Inventory & Market Report - 4/19/08
2008-04-20 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of April 19th, 2008* Properties for Sale: 222 (-21) Median Listing Price: $799,000 (+1.1%) Weekly Foreclosure Update* Properties in Foreclosure: 21 (+1) Properties in Pre-Foreclosure: 66 (-4) *+/- is compared to previous week’s data. A couple of weeks ago, a reader suggested that we provide some sort of rental data. I thought it was a ... More About: Report , Inventory
Single Family Home for $100k
2008-04-19 15:00:00 38 W. Forest Ave. Asking Price $100,000 ::: Sq-ft 1,685 Purchased Price $610,000 ::: Lot Size 7,500 Sq. Ft. Purchased Date 07/8/2005 ::: Beds 3 Days on Redfin 98 ::: Baths 2 $/Sq-ft $59 ::: Year Built 1947 20% Downpayment $20,000 ::: Area Santa Anita/fwy Income Required $25,000/yr ::: Type SFR Est. Payment* $505/month ::: MLS# A08005262 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Am I dreaming? A single family home in Arcadia for $100,000? Yeah right. In another case of agents trying anything and everything to get homes sold, Joshua Chao of ... More About: Family , Home , Single
One Bubble Buyer After Another
2008-04-18 15:00:00 2035 Highland Oaks Dr. Asking Price $1,350,000 ::: Sq-ft 2,810 Purchased Price $600,000 ::: Lot Size 0.32acres Purchased Date 07/14/1989 ::: Beds 3 Days on Redfin 185 ::: Baths 2 $/Sq-ft $480 ::: Year Built 1961 20% Downpayment $270,000 ::: Area Highlands Income Required $337,500/yr ::: Type SFR Est. Payment* $6,825/month ::: MLS# A07150855 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “THIS DESIRABLE “HIGHLAND OAKS” SINGLE STORY, W/ OVER 2800 SQ FT, HOME HAS BEEN MAINTAINED TO PERFECTION. THIS CLASS HOME HAS BEEN COMPLETELY & TASTFULLY UPGRADED.” That’s funny, the kitchen still looks pretty ... More About: Buyer , Bubble
A Grand Canyon
2008-04-17 15:00:00 2164 Canyon Dr. Asking Price $1,399,000 ::: Sq-ft 2,129 Purchased Price $1,180,000 ::: Lot Size 0.97acres Purchased Date 9/1/2006 ::: Beds 2 Days on Redfin 125 ::: Baths 2.25 $/Sq-ft $657 ::: Year Built 1959 20% Downpayment $279,800 ::: Area Highlands Income Required $349,750/yr ::: Type SFR Est. Payment* $7,073/month ::: MLS# 22103235 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% A view from above - that’s what this property offers. It’s a spectacular view and I’m sure the sellers enjoy it, but they should really take a step back and take a look around ... More About: Grand Canyon , Grand
On the Crest
2008-04-16 15:00:00 1844 Anita Crest Dr. Asking Price $900,000 ::: Sq-ft 1,632 Purchased Price $616,000 ::: Lot Size 10,031 Purchased Date 12/11/2003 ::: Beds 3 Days on Redfin 118 ::: Baths 2 $/Sq-ft $551 ::: Year Built 1956 20% Downpayment $180,000 ::: Area Highlands Income Required $225,000/yr ::: Type SFR Est. Payment* $4,550/month ::: MLS# 22103393 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% Sometimes I wonder if a seller is serious about selling their property. Even after being on the market for 4 months, they have refused to lower the asking price. What are they waiting ...
High Up in the Hills
2008-04-15 15:00:00 2165 High land Vista Dr. Asking Price $899,500 ::: Sq-ft 1,873 Purchased Price $455,000 ::: Lot Size 0.87 acres Purchased Date 05/23/2001 ::: Beds 2 Days on Redfin 44 ::: Baths 2.25 $/Sq-ft $480 ::: Year Built 1960 20% Downpayment $179,900 ::: Area Highlands Income Required $224,875/yr ::: Type SFR Est. Payment* $4,548/month ::: MLS# 22106521 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “New windows, plantation shutters, doors and wood floors, were installed several years ago. The sunny kitchen has recently had manufactured granite counter tops installed as well as a new kitchen sink, double ... More About: The Hills , Hills
Community Profile - Highlands
2008-04-14 15:00:00 We’ve been gaining some good ground in our readership and subscriptions over the past few weeks and for that, I want to thank you. For those of you who are relatively new to AHB and interested in the various Arcadia communities, I am working on a series of profiles that characterizes the various neighborhoods. Today’s ... More About: Community , Profile , Highlands
Inventory & Market Report - 4/12/08
2008-04-13 15:00:00 Zip Codes: 91006, 91007 Current Market Listings as of April 12th, 2008* Properties for Sale: 243 (-12) Median Listing Price: $790,000 (+1.4%) Weekly Foreclosure Update* Properties in Foreclosure: 20 (+0) Properties in Pre-Foreclosure: 70 (+3) *+/- is compared to previous week’s data. Are you in a hurry to buy a home? If you are, then it looks like you are slowly becoming the ... More About: Report , Inventory
Who Pays for the Housing Bailout?
2008-04-12 15:00:00 How do the proposed Housing Bailout s affect taxpayers? There have been several ideas thrown out there so let’s cover a handful of them. The bailout proposals include: Reduction of property taxes. Assisting lenders in reducing the mortgage principal of at-risk homeowners. Subsidizing the same lenders who intentionally made subprime loans. Allowing homebuilders to carry losses up to 5 ... More About: Analysis , Pays
Highland
2008-04-11 15:00:00 1714 Highland Oaks Dr. Asking Price $1,358,876 ::: Sq-ft 2,788 Purchased Price $980,000 ::: Lot Size 0.28 acres Purchased Date 08/24/2007 ::: Beds 4 Days on Redfin 11 ::: Baths 3 $/Sq-ft $487 ::: Year Built 1957 20% Downpayment $271,775 ::: Area Highlands Income Required $339,719/yr ::: Type SFR Est. Payment* $6,870/month ::: MLS# 22107958 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% “Completely redesigned by daniel deleon design, the subtle, yet tasteful, Asian contemporary elements lend it a zen-like ambiance and the great floor plan is oriented to fully enjoy yard and canyon views. ...
Huddart
2008-04-10 15:00:00 5674 Huddart Ave Asking Price $749,800 ::: Sq-ft 1,714 Purchased Price $245,000 ::: Lot Size 6,790 Purchased Date 09/15/2000 ::: Beds 3 Days on Redfin 41 ::: Baths 3 $/Sq-ft $437 ::: Year Built 1950 20% Downpayment $149,960 ::: Area Near El Monte Income Required $187,450/yr ::: Type SFR Est. Payment* $3,791/month ::: MLS# H08030314 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% It never ceases to amaze me how greedy people can become when they have their eyes and heart fixated on a certain price point. No one told this dreamer that the real ...
Shout About the Bailout
2008-04-09 15:00:00 Unless you live under a rock, it’s hard to live life without hearing something about the market bailout. Whether you get the news from the local paper, television, internet or at the office water cooler, you’re bound to come across conversations regarding the drowning housing market. The Feds have bailed out Bear Stearns and there’s ... More About: Misc , Post , Shout , Bailout
Not New to Exotic Financing
More articles from this author:2008-04-08 15:00:00 1642 N. Santa Anita Ave. Asking Price $898,000 ::: Sq-ft 1,978 Purchased Price $1,140,000 ::: Lot Size 9,750 Purchased Date 08/09/1991 ::: Beds 3 Days on Redfin 77 ::: Baths 2.5 $/Sq-ft $454 ::: Year Built 1952 20% Downpayment $179,600 ::: Area Highlands Income Required $224,500/yr ::: Type SFR Est. Payment* $4,540/month ::: MLS# A08010257 *Estimated monthly payment assume 20% down, 30-yr fixed @ 6.50% By now, almost everyone has heard of the subprime woes and the strain it’s putting on the housing market. On top of that, many housing blog readers and informed investors are also ... More About: Financing 1, 2, 3 |
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