San Gabriel Real Estate Market Update

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Last year at this time, the average home was closing escrow in 20 days - which is incredibly abnormal. What we saw happening was investors buying up real estate here in San Gabriel at an intense rate. This year, it takes about 45 days to close escrow, which is a positive sign.

With fewer investors in the market artificially affecting sales data, the market is more stable. Interest rates are still very low and the average home buyer doesn't have to compete with investors anymore.

Median home prices in our area sit at an average of about $430,000. This stable market means buyers will be able to negotiate a fair price, as sellers no longer have a monopoly on negotiations.

If you are interested, we can send you the charts, so you can see how things have changed over the last 4 to 5 years. It's certainly been a wild ride. Additionally, if you want a free market analysis of what your home might be worth, we can also do that for you. Now is a pretty good time to upgrade, as the investors are gone and you can still get your home sold for top dollar.

If you're thinking of making a move, don't wait long. Conditions are always changing, and things are looking pretty good right now. If you have any questions, we are always free to talk - so don't hesitate to reach out to us by phone or email. Thanks, and have a great day!

There's no Better Time to Buy an Affordable Home in the San Gabriel Valley

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions.

 

If you're looking to buy a home in the San Gabriel Valley, you need to know what you can afford and when is the best time to buy a home, given market conditions. If you're looking at the market and asking, "what should I do, is now the time to buy?" - we're here to help.

While interest rates remain at their lowest, we're seeing home prices continue to rise. According to a report from the National Association of Realtors, to buy an average property at median home price you need an income of $125,000 to qualify. Forecasters predict this to continue indefinitely, which means now is the time to buy if you're worried about finding an affordable home that suits your needs. Whether it's investment property, a home, or a vacation home, you need to enter the market in order to avoid higher prices in the future.

If you're worried about your credit or think you need to save more money, give us a call and we'll help you develop a plan so you can buy a home before prices rise even more. There are many programs out there that can make the process more affordable for people with limited means. Reach out to us and we'll assist you with all your real estate needs.

Why a Foreclosure Doesn't Mean your Home Ownership Dreams are Over

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you have ever gone through a home foreclosure, you know how difficult of a situation it can be. Losing your home is not an easy thing to go through, and it may make you question whether you will be able to be a homeowner again.

I have invited back Rick Mount, an experienced mortgage professional, to let you know how you can get back into the San Gabriel Valley market after your home is foreclosed on. Here are some highlights from Rick's time with us. There is some really great information here!

• The market is really beginning to open up. After we went through the great credit crisis a few years back, there was an abundance of foreclosures, bankruptcies, and short sales in the San Gabriel Valley market. A lot of people are dealing with situations that have impacted their credit in a way that doesn't allow them to qualify.
• There are some exciting new programs being brought out through the Federal Housing Agency to help first time buyers as well as previous foreclosed home owners.
• If you have had a foreclosure or short sale, by using FHA financing you may be able to qualify for a mortgage loan only a year after your home is foreclosed on.

We really want people to be aware that it is very possible for them to qualify for this type of loan. The San Gabriel Valley market is still hot this time of year, with low rates that are expected to rise. If you or somebody you know have had a foreclosure or short sale, we can help you get back into a home today. Let us look at you individually to see if we can help create your path back to home ownership.