MAY-2010 eNewsletter by Bill Desai Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.Please click on this link to view the MAY-2010 Newsletter Housing Trends eNewsletter:http://BillDesai.housingtrendsenewsletter.com?Newsletter_ID=248&Period_ID=185The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video mes... 05/18/2010

  This is interesting and is it the next on the block? Now that actress Sandra Bullock and ex-husband-to-be Jesse James are selling their Sunset Beach, CA home, another one of their homes is getting some attention and that's their Big Easy home. Known as the "Koch-Mays House," it was built in 1876 for James Eustis, a United States Senator and Ambassador to France. Bullock and James bought the home in 2009 for $2,250,000. Bullock was recently seen with moving vans at the house, but it is not known if she's moving stuff in, or out. Reports have surfaced that Bullock will be moving to New Orleans to raise her newly adopted son, 3-month-old Louis Bardo Bullock, who is a native of New Orleans. The Koch-Mays house is described as a "...Swiss-style chalet with elaborate scroll work, rich cast-... 05/11/2010

    Contact 13 News from Las Vagas investigates Bank of America. Short Sales take too long.   They marched from a local law office to the federal courthouse, to show the judge that they mean business. Nevada leads the nation in foreclosures and Bank of America holds more of our mortgages than any other lender. Action News regularly field phone calls and emails from frustrated customers who call Bank of America despicable when it comes to loan modifications and foreclosures. The customer service they describe as slow, lazy and downright incompetent. As Contact 13 Chief Investigator Darcy Spears discovered, it’s eaten up billions in bailout money, but many homeowners have nothing to show for it. They sum up their feelings in few words: “Betrayed.” “Shame on you.” “Broken. What do I tell ... 05/11/2010

Jon & Kate apparently victims of a downturned economy sold their home in Pennsylvania on a Short Sale. Zillows report shows that 1/3 of all homes sold in February 2010, were sold for less than the orginal loan amount or, Short Sale. In the Forbes video below, Amy Bohutinsky, Zillow VP of Communications, describes the difficulties that Celebritiesare having selling there homes despite their famous or "infamous" (Bernie Madoff) reputations. It appears that even the most famous of figures (Obama's) have a percieved value, often less than what was once perceived. o o Email Buttons 05/03/2010

  Kris and Kim Darney highlight HAFA….Home Affordable Foreclosure Alternative rolled out April 5th by our Treasury Department as an extension of HAMP….Home Affordable Modification Program. Some of the highlights of HAFA include an incentive of up to $3000 for relocation costs that is paid to the home seller at close of escrow with a successful short sale. Non recourse settlements are also a huge benefit to the homeowner under the new program. If you are looking for alternatives to foreclosure, a short sale may be the answer. We will schedule a discreet confidential meeting with you to answer all of your questions regarding a short sale. 24% of all Americans that have a mortgage are underwater, you’re not alone. A short sale is a dignified solution to a bad economic situation.   05/01/2010

Ontario zip code 91761 single-family home foreclosures continue to run high but banks are sending fewer initial notices of defaults and cancelling more sales than in the past - a continuing sign of stability finally coming to Ontario.  Third party investor activity continues to be hot with multiple parties bidding up sales at the courthouse steps.  February 2010 Results Initial Foreclosure Filings - Notices of Default.  There were 51 Ontario (91761) properties which received a Notice of Default - the first public step in the foreclosure process - during February 2010.  This is down from the 58 homeowners receiving these notices in January 2010 and down significantly from the 117 homeowners who received these notices in February 2009. Foreclosures - REO & 3rd Party Purchases.  There were... 03/14/2010

Creekside, Ontario CA home sales (as confirmed in the local MLS) for the month of February 2010 were as follows: 3657 Country Oaks           $59,900     400 sqft      $149.75 per sq ft 3727 Country Oaks           $75,000     507 sqft      $147.93 per sq ft 2625 Eel River                $185,000     943 sqft      $196.18 per sq ft 3731 Yuba River             $195,000     1,570 sqft    $124.20 per sq ft 2601 Brush Creek           $225,000     1,137 sqft    $197.89 per sq ft 3831 Yuba River             $236,000     1,970 sqft    $119.80 per sq ft 3726 Santiago Creek       $244,500     1,298 sqft    $188.37 per sq ft 2916 Mill Creek RD          $250,000     1,855 sqft    $134.77 per sq ft 2926 Tuolumne PL          $275,000     1,870 sqft    $147.06 per sq ft 3583 Strawberry Creek     $290,0... 03/09/2010

Creekside, Ontario CA home sales (as confirmed in the local MLS) for the month of January 2010 were as follows: 3669 Country Oaks #F     $114,000       743 sqft    $153.43 per sq ft - Condo - Bank-owned 3119 Genoa #I               $165,000     1,101 sqft    $149.86 per sq ft - Condo - Bank-owned 2810 Oak Creek #C        $176,000     1,472 sqft    $119.57 per sq ft - Condo - Short-sale 3956 Klamath River         $230,000     1,137 sqft    $202.29 per sq ft - Standard Sale 3709 Santiago Creek       $235,000     1,298 sqft    $181.05 per sq ft - Investor Sale 2744 Condor Creek         $240,000     1,366 sqft    $175.70 per sq ft - Short-sale 2605 Brush Creek           $245,000     1,372 sqft    $178.57 per sq ft - Standard Sale 2862 Saint Tropez           $250,000     1,502 sqft    $166.44... 03/09/2010

Ontario zip code 91761 single-family home inventory showed continued signs of price stability in February 2010 with sales falling slightly month-over-month and year-over-year.  February 2010 Summary Results:  Sold prices ranged from a low of $134,900 to a high of $359,000 Price per square foot ranged from a low of $119.80 to a high of $239.68 Days on market ranged from a low of 2 days to a high of 161 days Sale-price to list-price ratio ranged from a low of 0.96 to a high of 1.36 Total sales were 27 single-family homes Average selling price in February 2010 was $244,856.  The lowest priced sale was located at 1745 Monterey Avenue which sold at $134,900 which was also the asking price for this standard sale listed by a Downey based broker.  The buyer financed with an FHA loan despite wha... 03/07/2010

03/04/2010

Ontario zip code 91761 single-family home inventory showed continued signs of price stability in January 2010 with sales remaining consistent month-over-month and up compared to January 2009.  January 2010 Summary Results:  Sold prices ranged from a low of $128,500 to a high of $350,000 Price per square foot ranged from a low of $86.13 to a high of $212.96 Days on market ranged from a low of 2 days to a high of 373 days Sale-price to list-price ratio ranged from a low of 0.94 to a high of 1.16 Total sales were 36 single-family homes Average selling price in January 2010 was $249,469.  The lowest priced sale was located at 407 California Street which sold at $128,500 vs. the original listed price of $151,200 and was a bank-owned home listed by a Bullhead City based broker.  The buyer pai... 02/07/2010

2 Bedroom 1 Bath 752 Sq Ft/ 1Carport Space Detached Bank Owned 2 Bedroom 1 Bath Condo. Granite Counters, Stainless steel appliances, master bedroom with large walk in closet. Near 10,15,91 Fwys. SOLD AS IS CONDITION Cross Streets: Vineyard and D St Asking $115,000 www.remaxann.com for more info   #01451803   01/25/2010

S.W.A.T. Finds Suspected Gang Member Dead After a S.W.A.T. standoff that lasted several hours Monday afternoon with a suspected gang member wanted for parole violations, officers heard several shots being fired in the attic where the suspect had barricaded himself.  Some time later, the officers entered the attic to find the man deceased due to self-inflicted gunshot wounds. Cameron Novak Riverside County Short Sale Specialist The Homefinding CenterTM 951-212-7479 Direct     01/21/2010

A total of 38 Ontario homes were added to those listed for sale during the week ending Dec. 7, 2009, according to the Inland Multi-Regional Multiple Listing Service and 23 Ontario properties were reported as entering escrow during the week.  A total of 271 Ontario homes were listed for sale in the MLS on Dec. 7. Included are 171 single-family homes. There were 100 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Dec. 7; 104 homes were reported as vacant.  The MLS showed 52 foreclosed, or Real Estate Owned, homes listed in Ontario on Dec. 7; 152 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.  There were 42 Ontario homes reported in the MLS as sold in the week ending Dec.... 12/07/2009

A total of 34 Ontario homes were added to those listed for sale during the week ending Nov. 15, 2009, according to the Inland Multi-Regional Multiple Listing Service and 36 Ontario properties were reported as entering escrow during the week.  A total of 244 Ontario homes were listed for sale in the MLS on Nov. 15. Included are 158 single-family homes. There were 86 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Nov. 15; 87 homes were reported as vacant. The MLS showed 42 foreclosed, or Real Estate Owned, homes listed in Ontario on Nov. 15; 136 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.  There were nine Ontario homes reported in the MLS as sold in the week ending N... 11/18/2009

A total of 42 Ontario homes were added to those listed for sale during the week ending Nov. 8, 2009, according to the Inland Multi-Regional Multiple Listing Service and 20 Ontario properties were reported as entering escrow during the week.  A total of 249 Ontario homes were listed for sale in the MLS on Nov. 8. Included are 158 single-family homes. There were 91 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Nov. 8; 99 homes were reported as vacant.  The MLS showed 49 foreclosed, or Real Estate Owned, homes listed in Ontario on Nov. 8; 134 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.  There were 27 Ontario homes reported in the MLS as sold in the week ending Nov. 8... 11/08/2009

A total of 31 Ontario homes were added to those listed for sale during the week ending Nov. 3, 2009, according to the Inland Multi-Regional Multiple Listing Service and 33 Ontario properties were reported as entering escrow during the week.  A total of 230 Ontario homes were listed for sale in the MLS on Nov. 3. Included are 144 single-family homes. There were 86 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Nov. 3; 92 homes were reported as vacant.  The MLS showed 43 foreclosed, or Real Estate Owned, homes listed in Ontario on Nov. 3; 128 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.  There were 29 Ontario homes reported in the MLS as sold in the week ending Nov. 3... 11/03/2009

A total of 25 Ontario homes were added to those listed for sale during the week ending Oct. 12, 2009, according to the Inland Multi-Regional Multiple Listing Service and 32 Ontario properties were reported as entering escrow during the week.  A total of 223 Ontario homes were listed for sale in the MLS on Oct. 12. Included are 143 single-family homes. There were 80 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Oct. 12; 85 homes were reported as vacant.  The MLS showed 40 foreclosed, or Real Estate Owned, homes listed in Ontario on Oct. 12; 131 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender.  There were 17 Ontario homes reported in the MLS as sold in the week ending Oc... 10/11/2009

A total of 33 Ontario homes were added to those listed for sale during the week ending Oct. 5, 2009, according to the Inland Multi-Regional Multiple Listing Service and 38 Ontario properties were reported as entering escrow during the week.  A total of 238 Ontario homes were listed for sale in the MLS on Oct. 5. Included are 147 single-family homes. There were 91 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Oct. 5; 96 homes were reported as vacant.  The MLS showed 43 foreclosed, or Real Estate Owned, homes listed in Ontario on Oct. 5; 142 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender. There were 42 Ontario homes reported in the MLS as sold in the week ending Oct. 5,... 10/06/2009

A total of 25 Ontario homes were added to those listed for sale during the week ending Sept. 27, 2009, according to the Inland Multi-Regional Multiple Listing Service and 43 Ontario properties were reported as entering escrow during the week  A total of 236 Ontario homes were listed for sale in the MLS on Sept. 27. Included are 146 single-family homes. There were 90 condominiums, townhomes and single-family homes in homeowner associations listed for sale in Ontario on Sept. 27; 87 homes were reported as vacant. The MLS showed 34 foreclosed, or Real Estate Owned, homes listed in Ontario on Sept. 27; 148 others were in pre-foreclosure - listed as "in foreclosure," Notice of Default or Short Pay/Subject to Lender. There were 21 Ontario homes reported as sold in the MLS in the week ending S... 09/28/2009