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Residential Single Family-Active Address 1747 Juniper Ave (1) ACTIVE Bd 3 Avg Br 1 Sq Ft 1,342 1,342 High Residential Single Family-Sold Address 3114 ONRADO AvE 2937 West Carson St 1640 Fern Ave 3309 ANTONIO St 1216 Teri Ave (5) SOLD Bd 3 5 2 3 4 Avg Br 2 4 1 3 2 Sq Ft 1,301 2,706 1,294 1,818 1,604 1,745 High 724,000 Low Lot Sz 5,720 5,493 6,121 5,525 5,565 Year 1955 1972 1948 1955 1951 Date 12/27/2013 1/24/2014 2/28/2014 12/27/2013 1/15/2014 $/Sf 514.6 267.55 521.64 373.76 423.94 420.3 669,500 DOM/ CDOM 38/38 188/188 35/35 94/94 111/111 93/93 689,000 Low Lot Sz 7,504 Year 1953 Date 2/19/2014 $/Sf 513.41 513.41 689,000 DOM/ CDOM 15/15 15/15
March 2014
Orig Price List Price 689,000 689,000 Median 689,000 689,000 689,000
Orig Price List Price Sale Price 649,500 730,000 675,000 679,500 720,000 690,800 Median 649,500 650,000 675,000 679,500 700,000 670,800 679,500 669,500 724,000 675,000 679,500 680,000 685,600
Property Type Count: 6 Avg SF: 1,678 Avg LP/SF $: 435.82 Avg DOM-CDOM: 80/80
Avg Orig Price $: 690,500 Avg Price $: 673,833 Avg Sale Price $: 685,600
Mess in the West: Home Sales Index Hits 7-Year Low (Feb 28th 2014)
An index that measures contracts to purchase previously owned homes was mostly unchanged in January from December, according to a report Friday. But the index showed another drop in the West, where it has fallen for eight consecutive months. The index fell in the West to its third lowest level since the NAR began its tab in 2001, surpassing only two months from the summer of 2007, when housing markets were beginning their free fall. Western markets such as Las Vegas and Phoenix have witnessed some of the largest price gains as they rebound from very low levels. California markets, meanwhile, have grown much less affordable given the combination of price increases and higher interest rates. Inventories of homes for sale had been very low last year in many Western markets, but they have climbed since demand fell last fall. Its not clear that weather can be blamed on this: the index is seasonally adjusted, and this is the West, where winters are milder. The index is now down 27% since last June, when it nearly reached a four-year high. It has tumbled like this twice before. By May 2010, the pending sales index had dropped 29% over eight months after home-buyer tax credits spurred a sales frenzy beginning in the middle of 2009. And then theres the housing crash, in which the index fell 42% from its all-time high in February 2005 to its all-time low in August 2007. Nick Timiraos, The Wall Street Journal
Marco Pirozzolo Realtor / Coldwell Banker CA BRE License #01918280 NYS DOS Brokers Lic #30PIO900998 Direct: 310.975.5765 mpirozzolo@coldwellbanker.com
Based on information from the Association of REALTORS/Multiple Listing as of [insert date the AOR/MLS data was obtained and /or other sources]. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. THIS LETTER IS NOT INTENDED TO SOLICIT PROPERTIES CURRENTLY FOR SALE!
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March 2014
Trivia Question:
How much was Judy Garland paid for The Wizard of Oz? $10 a day $35 a week $100 a day $240 a week First one to submit the correct answer to: mpirozzolo@coldwellbanker.com receives a $20 Starbucks Gift Card
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