CALIFORNIA HOME SALES UP 101%

California Home Sales up 101%

California Home Sales up 101%Quick Facts - Existing, single-family home sales increased 100.8 percent in January to a seasonally adjusted rate of 624,940 units.
The statewide median price of an existing single-family home decreased 40.5 percent in January to $254,350
The Unsold Inventory Index was 6.7 months in January, compared with 16.6 months in January 2008
The median number of days it took to sell a single-family home was 49.9 days in January 2009, compared with 70.8 days in January 2008

Source: California Association of Realtors®

2008 SUCCESS!!! MARK’S SUCCESS TRACKER

Thanks to all my clients for making 2008 a success so far! I’ve sold 16 homes and over $6.5 million in residential real estate this year!!

MY RECORD SPEAKS FOR ITSELF!

THANKS TO ALL OF MY CLIENTS FOR MAKING 2008 A PHENOMENAL YEAR!

2008 HOME SALES:

6850 BOVEY AVE. $460,000

19630 SATICOY ST. $299,000

6534 AURA AVE. $369,000

20134 LEADWELL #334 $275,000

5500 OWENSMOUTH #318 $260,000

18433 HATTERAS #507 $355,000

9174 LANGDON AVE. $390,000

6501 RANDI AVE. $475,000

22652 PAUL REVERE $840,000

23745 BURTON ST. $585,000

20232 LORNE ST. $430,000

10179 LARWIN AVE. #2 $379,000

13320 ROSCOE BLVD. $360,000

11542 BURBANK BLVD. #4 $292,500 IN ESCROW

7836 SHOUP AVE. $439,000 IN ESCROW

5354 DENNY AVE. $339,000 IN ESCROW

$6,547,500 GROSS SALES

For more information please visit www.MarkSellsLA.com

Written by Mark Gonzales Copyright 2008

Mark Gonzales, Realtor, real estate agent specializing in marketing and selling residential homes, condos, and commercial real estate sales in Los Angeles, San Fernando Valley, Woodland Hills, Sherman Oaks, Studio City, Encino, Tarzana, Calabasas. Please visit www.MarkSellsLA.com for more information.

MULTIPLE OFFERS! HAPPENING AGAIN?

Yes it’s true! I’m seeing multiple offer situations on well priced properties. Multiple offers can be seen on Foreclosure and Short-sale listings the most. The general impression out there is that Real Estate isn’t doing so hot right now. While it may be true that number of sales are their lowest in over a decade. Single family homes in the $300k-$400k range are attracting multiple offers from qualified buyers who are utilizing special FHA loans which require only 3% down payment and to everyone’s surprise there are buyers who are placing offers with ALL CASH and 20-50% down payment. With inflation at its highest level in years, the dismal performance of the stock market, many savvy investors still bet that purchasing Los Angeles real estate is a secure long term investment. I agree with this due to basic laws of economics; supply and demand factors: they’re not making any more land, developments are becoming more vertical than horizontal, and the glitz and glamour continues to lure more people to the city resulting in appreciating values over next 7-10 years.

My Brag Sheet

I pride myself in having the academic knowledge and theoretical skills to help clients make educated decisions. After a long and treacherous journey through college, I am proud to say that I earned my Bachelor's Degree in Business and Real Estate from California State University, Northridge . Whereas most agents have only taken relatively few courses in Real Estate, I have formal training in the fields of Real Estate & Business Law, Real Estate Finance, Business Communications, and Economics. I love to talk and make sure that I’m fighting for your best interests. By using my negotiation skills I have helped save homebuyers significant amounts of money, while home sellers I represented received top dollar for their homes. In addition to my academic accolades, I’m a self proclaimed internet marketing geek!! I make sure that the homes I sell are listed on of the country’s most powerful internet real estate websites. My client’s homes can be seen REALTOR.COM, HOMEGAIN.COM, ZILLOW.COM, and RE/MAX.COM. Shoot me an e-mail or if it's really important call me and I'll show you how I can help you reach your real estate goals!