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October 13, 2009

Pomona California – Real Estate Market Statistics – September 2009

Pomona California – Real Estate Market Statistics – September 2009
Oct. 13, 2009

The Quick Numbers:

91766 AREA
Single Family Home Average Sales Price: $208,639
Single Family Home Median Sales Price: $187,450
Single Family Home Average Price per sqft.: $150
Single Family Home Average Size: 3 bedrooms, 1.8 baths, 1387 sqft.
Single Family Home Units Sold: 44
Single Family Home Months of Inventory: 2 months

Townhouse Average Sales Price: $171,667
Townhouse Median Sales Price: $170,000
Townhouse Average Size: 2 bedrooms, 2.3 baths, 1106 sqft.
Townhouse Average Price per sqft.: $156
Townhouse Units Sold: 3
Townhouse Months of Inventory: 1 month

Condo Average Sales Price: $158,000
Condo Median Sales Price: $158,000
Condo Average Price per sqft.: $153
Condo Average Size: 2 bedroom, 2 baths, 1062 sqft.
Condo Units Sold: 1
Condo Months of Inventory: 18 months

91767 AREA
Single Family Home Average Sales Price: $198,188
Single Family Home Median Sales Price: $185,000
Single Family Home Average Price per sqft.: $150
Single Family Home Average Size: 3 bedrooms, 1.9 baths, 1323 sqft.
Single Family Home Units Sold: 41
Single Family Home Months of Inventory: 1.4 months

Townhouse Average Sales Price: $80,000
Townhouse Median Sales Price: $80,000
Townehouse Avergae Price per sqft.: $77
Townhouse Average Size: 2 bedrooms, 2 baths, 1036 sqft.
Townhouse Units Sold: 1
Townhouse Months of Inventory: 0.5 months

Condo Average Sales Price: $120,030
Condo Median Sales Price: $113,000
Condo Average Size: 2 bedroom, 1.8 baths, 964 sqft.
Condo Average Price per sqft.: $123
Condo Units Sold: 5
Condo Months of Inventory: 3.75 months

91768 AREA
Single Family Home Average Sales Price: $179,365
Single Family Home Median Sales Price: $169,000
Single Family Average Price per sqft.: $129
Single Family Home Average Size: 3 bedrooms, 1.7 baths, 1392sqft.
Single Family Home Units Sold: 23
Single Family Home Months of Inventory: 1.7 months

Townhouse Average Sales Price: 0
Townhouse Median Sales Price: 0
Townhouse Average Size: 0
Townhouse Units Sold: 0
Townhouse Months of Inventory: 1 months

Condo Average Sales Price: $0

Condo Median Sales Price: $0

Condo Average Size: bedroom, baths, sqft.
Condo Units Sold: 0
Condo Months of Inventory: 2 months

*********************************************************************

Statistics provided here are compiled using data provided by the Citrus Valley Association of Realtors Multiple Listing Service. Area is limited to Pomona, and limited to Single Family Homes, Townhomes, and Condos. Data is deemed reliable, but not guaranteed.

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Filed under Average and Median Sales Prices, Home Buyers, Homeowners, Pomona, Sales and Stats, Sellers

October 3, 2009

Pomona’s Asking vs Selling Price for September 2009 – No Deep Discounts Here!

pomona_asking_vs_selling_price_-_september_2009

If you are looking in Pomona for very reasonably priced properties you will find it. If you are looking for deep discounts off the property’s asking price you wont find it in Pomona. The numbers prove it. During the month of September all three zip codes in Pomona showed their sales as receiving more than the asking price.

91766 – Received on average 1% above final asking price
Average asking: $205,585
Average selling: $206,369

91767 - Received on average 4% above final asking price
Average asking: $196,706
Average selling: $200,659

91768 - Received an average of 5% above final asking price
Average asking: $174,239
Average selling: $183,370

*This information is based on all Single Family Residences and does not include condos or townhouses.

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Filed under Asking vs Selling Price, Home Buyers, Homeowners, Pomona, Sales and Stats

October 2, 2009

Dinner at Joey’s Bar-B-Q in Downtown Pomona

Joeys BBQ

Tonight I had my first dinner at Joey’s Bar-B-Q in downtown Pomona at the corner of Garey Ave. and Second St. I must say it was DELICIOUS!

I have put off eating at Joey’s for years. I am not much of a meat eater and the one time I had seen their menu I was not excited. Tonight I felt daring and thought, what the heck, why not?

When my husband and I arrived this evening it wasn’t too crowded and the background music was great! Lots of American standards and Beatles. The service was warm and friendly. In fact our waiter attempted to take our order three different times because I could not decide what to order. Nothing sounded appetizing. I was starting to regret being there. My husband was no help when it came to ordering because he only eats one thing from there… the 1/2 Pound Sliced Pork Sandwich. Our waiter was so nice, though. He wasn’t pushy or irritated with my pickiness. He encouraged me to try the Spicy Bar-B-Q Beef Pasta…I did.

My dinner was so good I just about consumed it all. I felt like a walrus afterward! I am glad I was in a daring dinner mood tonight. If hadn’t been who knows how much longer I would have stayed away from their delicious food. Soo…If you like pasta and bar-b-q beef with peppers, onions, and mushrooms then I recommend the Spice Bar-B-Q Beef Pasta.

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Filed under Friday Fun, Pomona

September 29, 2009

Don’t Make ANY Major Purchases When Trying to Buy A Home

badcredit

Making a major purchase while trying to buy a home is one of the worst things you can do to your credit! Why? Because you will end up qualifying for less mortgage when you purchase a home.

What do I mean by a “major purchase?” Look at this list of major items to avoid:

Big Screen TVs’
Computer Sytems
Stereo or Surround Sytems
Electronics
Automobiles
Furniture
Appliances
Jewelry
Vacations
Wedding

While these items might not seem like a major purchase…they are. Big ticket items will reduce the amount of home loan you qualify for significantly. What you think you can afford in a home loan does not mean that the lender will be comfortable lending you that amount.

Purchasing a home is a major investment. It will be for many the most important investment they will ever make. Nobody wants to be told that the home they have fallen in love can’t be theirs because of the new car payment they have. Unfortunately, this happens quite often.

The lender you choose to work with will consider your ability to qualify for a home loan based on your debt-to-income ratio. That is the percentage of your gross monthly income that is reserved to pay for debt. This includes:

Mortgage: Principal, Interest, Taxes, and Insurance, Homeowners Association Fees, if applicable
Student Loans
Car Payments
Credit Card Debt
etc.

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September 26, 2009

Pomona’s Homes are Moving

pomona's_market_make-up

The pie chart above shows the two major components of Pomona’s current real estate market make-up, standard and distressed properties for sale. Only 33.8% of the real estate for sale are traditional, standard, sales while the other 66.2% are some form of a distressed sale. Pre-forclosures, Short-sales, Notice of Defaults, Auctions, Probate sales and yes, Bank or Corporate owned “REO’s” are part of the overall distressed market. Clearly distressed sales are the dominant category in Pomona’s real estate market.

The second chart below shows 25.6% of the distressed market is in the REO (bank or corporate owned)category.

pomona's_distressed_market_make-up

What does all this mean?

It means even though Pomona’s real estate market continues to have a majority of its properties for sale in the distressed category, homes are on the move because only 25.6% of those distressed sales are REO’s. Properties are being sold BEFORE they become completely foreclosed upon. Currently Pomona has less than 2 months worth of total inventory!

*Only single family homes were factored in when making the charts.

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Filed under Home Buyers, Homeowners, Pomona, Sales and Stats

September 25, 2009

Pomona’s Universal Pectin for making jams, jellies, and preserves

pomonas universal pectin

Now that it is Autumn I am considering making jams and preserves. I have never made jams, jellies, or preserves. When I do I’ll let you know.

One thing is for certain, I will be using Pomona’s Universal Pectin which I found while shopping last week at Sprouts Farmers Market on Foothill Blvd. in Claremont. This particular pectin does not require sugar to “jell” jams and jellies. You can use honey, fructose, sucanat, concentrated fruit sweetener, maple syrup, agave, frozen juice concentrate, stevia, xylitol, Splenda and other artificial sweeteners instead.

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Filed under Claremont, Friday Fun, Pomona, Route 66

September 25, 2009

Market Matters “Beyond the Headlines” 09-24-09

Market Matters-Beyond the Headlines, contains information about changes to FHA lending standards; Obama administration’s steps to shore up the Federal Housing Administration program; three large banks issuing more than half of U.S. residential mortgages and its impact on taxpayers; changes to mortgage interest reporting; and the possibility of a new wave of foreclosures as many option ARMs reset to higher rates.

Click to download this week’s: Market Matters-Beyond the Headlines

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Filed under Home Buyers, Homeowners, Sellers

September 23, 2009

Snow in Pomona, 1932 – The David Allen Blog

Posted using ShareThis

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September 22, 2009

Pomona California – Real Estate Market Statistics – August 2009

Pomona California – Real Estate Market Statistics – August 2009
Sept. 22, 2009

The Quick Numbers:

91766 AREA
Single Family Home Average Sales Price: $221,587
Single Family Home Median Sales Price: $186,000
Single Family Home Average Size: 3 bedrooms, 2 baths, 1420 sqft.
Single Family Home Units Sold: 49
Single Family Home Months of Inventory: 1.9 months

Townhouse Average Sales Price: $181,667
Townhouse Median Sales Price: $155,000
Townhouse Average Size: 3 bedrooms, 2.67 baths, 1512 sqft.
Townhouse Units Sold: 3
Townhouse Months of Inventory: 3.5 months

Condo Average Sales Price: $153,250
Condo Median Sales Price: $152,000
Condo Average Size: 2 bedroom, 2.25 baths, 1030 sqft.
Condo Units Sold: 4
Condo Months of Inventory: 7.7 months

91767 AREA
Single Family Home Average Sales Price: $202,199
Single Family Home Median Sales Price: $202,000
Single Family Home Average Size: 3 bedrooms, 2.44 baths, 1340 sqft.
Single Family Home Units Sold: 36
Single Family Home Months of Inventory: 2.1 months

Townhouse Average Sales Price: $261,000
Townhouse Median Sales Price: $261,000
Townhouse Average Size: 2 bedrooms, 2.25 baths, 1370 sqft.
Townhouse Units Sold: 1
Townhouse Months of Inventory: 4 months

Condo Average Sales Price: $110,000
Condo Median Sales Price: $110,000
Condo Average Size: 1 bedroom, 1 baths, 1106 sqft.
Condo Units Sold: 2
Condo Months of Inventory: 8 months

91768 AREA
Single Family Home Average Sales Price: $213,903
Single Family Home Median Sales Price: $172,500
Single Family Home Average Size: 3 bedrooms, 1.72 baths, 1440 sqft.
Single Family Home Units Sold: 32
Single Family Home Months of Inventory: 2.15 months

Townhouse Average Sales Price: 0
Townhouse Median Sales Price: 0
Townhouse Average Size: 0
Townhouse Units Sold: 0
Townhouse Months of Inventory: 0 months

Condo Average Sales Price: $136,000
Condo Median Sales Price: $136,000
Condo Average Size: 2 bedroom, 2.25 baths, 982sqft.
Condo Units Sold: 2
Condo Months of Inventory: 2 months

*********************************************************************

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Filed under Home Buyers, Homeowners, Pomona, Sales and Stats

September 4, 2009

Quick and Basic FHA Loan Information

I have been getting a lot of questions from first time home buyers about qualifying for an FHA loan I thought it would be a good idea to list some quick, basic information here.

FHA Loans:
1. A down payment of 3.5% of the sales price
2. Minimum qualifications are a 620 credit score and above
3. No Bankruptcy’s within the last 3 years
4. No Foreclosure’s within the last 4 years
5. A 12 month rental or mortgage history with no late payments required
6. Verified income and assets
7. Property must be Owner Occupied. 2nd Homes or Non-Owner Occupied property’s are NOT allowed.

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route66voice | pomona homes and more…

October 13, 2009

Pomona California – Real Estate Market Statistics – September 2009

October 3, 2009

Pomona’s Asking vs Selling Price for September 2009 – No Deep Discounts Here!

October 2, 2009

Dinner at Joey’s Bar-B-Q in Downtown Pomona

September 29, 2009

Don’t Make ANY Major Purchases When Trying to Buy A Home

September 26, 2009

Pomona’s Homes are Moving

September 25, 2009

Pomona’s Universal Pectin for making jams, jellies, and preserves

September 25, 2009

Market Matters “Beyond the Headlines” 09-24-09

September 23, 2009

Snow in Pomona, 1932 – The David Allen Blog

September 22, 2009

Pomona California – Real Estate Market Statistics – August 2009

September 4, 2009

Quick and Basic FHA Loan Information

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