Wednesday, December 10, 2014

Alameda County Housing Inventory Snapshot fro November 2014

 

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot

November 27, 2014

 

Average List Price for active listings

Median List Price for active listings

Average DOM: for active listings/ for sold listings

Alameda County, CA

Single Family under $1M

$554,831

$549,000

54

Single Family over $1M

$2,066,938

$1,698,000

99

Condo/Townhome under $600K

$372,256

$365,000

58

Condo/Townhome over $600K

$738,815

$720,900

60

San Mateo County, CA

Single Family under $1M

$713,618

$699,000

51  / 25

Single Family over $1M

$4,026,162

$2,350,000

120  / 25

Condo/Townhome under $600K

$424,481

$428,000

51  / 24

Condo/Townhome over $600K

$1,035,288

$799,000

55  / 14

Santa Clara County, CA

Single Family under $1M

$688,350

$680,000

59  / 38

Single Family over $1M

$2,807,972

$1,888,000

105  / 25

Condo/Townhome under $600K

$407,506

$389,000

59  / 28

Condo/Townhome over $600K

$820,819

$717,000

37  / 14

Santa Cruz County, CA

Single Family under $1M

$676,911

$697,500

84  / 44

Single Family over $1M

$2,163,900

$1,648,950

201  / 58

Condo/Townhome under $600K

$412,255

$398,000

98  / 41

Condo/Townhome over $600K

$960,100

$780,000

177  / 110

If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

Sincerely,

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook

 

 

Tuesday, December 09, 2014

3% Down payment from Freddie and Fannie is back. Check with your lender

So the down payment option is reduced from 3.5% that FHA requires.

FHA also requires a 1.75% upfront MI fee and a monthly MI fee. Not sure how this will compare.

 

Right now the most interesting low down program is from Wells Fargo. They’ll offer you a no MI loan with 5% down at an interest that is only slightly higher than the market rate and but below what it would cost with a monthly mortgage insurance requirement.

 

Talk to Wells Fargo and to Citi to see who can be more competitive.

 

http://dsnews.com/news/12-08-2014/gses-officially-lower-down-payment-to-3-percent-for-qualifying-first-time-homebuyers?utm_source=DSNews.com&utm_campaign=a679ecbc1f-Your_Daily_Dose12_9_2014&utm_medium=email&utm_term=0_1924082bfe-a679ecbc1f-174695493

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook

 

 

Monday, December 01, 2014

New Homes Sales Up in October

From DS News

 

New Home Sales Inch Upward In October

Sales of newly built homes picked up in October, but a downward revision to September shows numbers in that segment of the housing market remain volatile. The Commerce Department reported Wednesday that sales of new single-family houses were at a seasonally adjusted annual rate of 458,000 in October, up 0.7 percent from September's revised rate ... »READ MORE

 

 

- Sunil Sethi

SUNIL SETHI REAL ESTATE

Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.

Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".
Want to know if you qualify for any special loan programs. Check out CAR's Mortgage Directory
Love Us on Yelp!
Like Us on Facebook