Local Real Estate News February 2009

A visusal perspective of 2008/2009

 

google map to real pro systemsFebruary Real Estate Report

We know that you can get real estate news from so many different avenues this day and age, but as real estate professionals we are able to give you a more concentrated look at sales prices.  We can focus on local real estate news as opposed to national news. 

This month we wanted to provide you with a visual perspective of home values in the South East Los Angeles area for the past 2 years, according to SoCAL MLS figures. 

Property values are at there highest since December of 2008.  The average sales price in December of 2008 was $333,540.  The average sales price for January 2010 (just last month!) was $328,405.  That is only a difference of $5,135, or 1.5% from the sales prices that we were seeing over a year ago!  When looking at the graph you can clearly tell that this might be the beginning of a steady incline in home values.  We won't know for certain until the numbers for February are out so make sure to visit our newsletter next month.  If you are considering buying a home, don't wait any longer.  This is the best time to buy.  You don't want to get stuck buying a home when homes are selling for more than they are now. 

 

 

Certified Distressed Property Experts

In this real estate market you need someone working for you that knows how to negotiate with your bank in your best interest.  A Short Sale can be a very long, stressful and complex process.  Maria and her team have a special designation, recognized by banks across the nation of being Certified Distressed Property Experts.  Maria has been helping people negotiate settlements on their homes, saving them from foreclosure and saving their credit ever since this real estate market took a turn for the worse for home owners. 

Experts say that this market is going to stay the way it is for at least another 2 years and buyers will be seeing more and more short sales when they search for homes on-line.  Currently almost every house on the market is a short sale and many home owners are having to make very tough decisions with their homes.  They have to decide on whether or not they want to keep making payments on a home that they paid twice the value than it is worth in today's market, or face the consequences of giving their home up. 

If you are contemplating on doing a short sale on your home or if you have any questions on how the process works, please speak to us before you make a decision.  It is extremely important that you work with someone that knows how to negotiate with your bank on your behalf.  Don't make the mistake of hiring a part time agent, or a family member that does real estate on the side just because you may already know them.  We have come across many sellers that regretted making a decision to work with a friend or family member that doesn't really know how to handle this real estate market.  They were upset mostly about all the time that was waisted, by nothing being done properly to effectively sell their home.  

Hire a professional that knows the "In's and outs" of this business.  We understand that many people are hurting out there and it is our desire to help people stuck in these difficult circumstances, to get out as smoothly and as easy as possible. 

Please feel free to contact Maria anytime with any questions. (877) 883-1003

 

Contact Information

Photo of Chris Gonzales & Maria Palacios Real Estate
Chris Gonzales & Maria Palacios
Prudential California Realty
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113