Refinance while Underwater? HARP Expanded to Reach More Borrowers

A ray of hope has just been offered to some homeowners with properties that are seriously upside down, according to the California Association of Realtors.

In order to help a broader range of distressed homeowners and offer relief to the housing market, the Federal Housing Finance Agency announced on Oct. 24 that the mortgage relief program HARP — the Home Affordable Refinance Program — has just been expanded.

Per FHFA, Fannie Mae and Freddie Mac have helped approximately 9 million families refinance into a lower cost or more sustainable mortgage product, approximately 10 percent of those via HARP. HARP is unique in that it is the only refinance program that enables borrowers who owe more than their home is worth to take advantage of lower interest rates and other refinancing benefits.

One of the biggest hurdles for borrowers who are current on their home loans and are considering refinance is the fact that the equity on their house is too low to qualify for a refinance. Until now, Fannie Me and Freddie Mac would only allow fixed-rate mortgages if the borrower’s property stays under 125 percent loan-to-value.  This requirement prevented many upside-down borrowers from refinancing to take advantage of the current low interest rates that they desperately need.  The enhanced HARP guideline lifted that restriction.

Other HARP program enhancements effectively reduced certain fees associated with the refinance as well as eliminated the need for a new property appraisal if the FHFA has a reliable automated valuation model estimate.  Both allowed cash strapped borrowers the ability to refinance without the steep fees a refinance might require.  The HARP program, schedule to expire at the end of 2011 has now been extended until the end of 2013.  New federal guidelines for the HARP changes should be released to mortgage lenders and servicers by Nov. 15.

According to the California Association of Realtors, the basic eligibility requirements for an enhanced HARP loan are as follows:

  • Existing mortgage loan must be owned or guaranteed by Fannie Mae or Freddie Mac.  Borrowers can check whether they have a Fannie Mae or Freddie Mac loan by going to http://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx.
  • Existing mortgage loan must have been sold to Fannie Mae or Freddie Mac before June 1, 2009.
  • Existing mortgage loan cannot have been refinanced under HARP previously (except for Fannie Mae loans refinanced between March and May 2009).
  • Current loan-to-value (LTV) ratio must be more than 80%.
  • Existing mortgage loan must be current, with no late payments in the past six months, and no more than one late payment in the past 12 months.

Words of Caution:  Remember my previous blog about SCAMs – Too Good To be True, Then Beware? There are a lot of scammers out there to take advantage of distressed homeowners at their most vulunable stage.  Before engaging services that promise to modify your loans or save your home from being foreclosed on, make sure you check out the FTC Mortgage Assistance Relief Services Rule that outlaws advanced fees and false claims and requires clear disclosures from the servicers.

More Information About HARP:

More information about HARP is available from FHFA.

Other Resources for Distressed Homeowners:

Fannie Mae Offers New Buyer Incentives on Homepath Homes

Featured

New Buyer Incentive on Fannie Mae HomePath® Homes

Fannie Mae is offering buyers up to 3.5% in closing cost assistance on HomePath properties through December 31, 2010.

Buyers must meet the following qualifications to be eligible for the incentive:

  • HomePath property sale must close on or before December 31, 2010 and close within 60 days of offer acceptance
  • Only owner occupants purchasing a HomePath property as their primary residence will receive up to 3.5% in closing cost assistance
  • the initial offer must be submitted on or after September 23, close within 60 days of offer acceptance and close on or before December 31, 2010. No bonus will be given for investor purchases.
  • Buyers must request incentive upon submission of initial offer in order to be eligible.

Note: Offers submitted after November 15, 2010 may be difficult to close by incentive deadline of December 31, 2010.

Terms & Conditions:

  • The 3.5% seller contribution is to be used towards closing costs, including a home warranty, if desired and available.
  • Retail and public entities are eligible for the incentive however pool and auction sales, and sales to investors are not eligible.
  • Fannie Mae reserves the right to remove any property from promotion or end the promotion at any time. Any dispute over the payment of a bonus shall be resolved by Fannie Mae in its sole discretion.
  • Buyers should consult their lenders for guidance on financing. Lenders and mortgage products may impose their own limitations on the use of the 3.5% incentive. For example, the lender may consider the incentive a Seller Contribution and limit the amount to 3.0%. In those instances, the remaining 0.5% will no longer be available to the buyer.

See link to search for Fannie Mae Homepath Homes

Federal Tax Credit for First Time Homebuyer Closing Deadline Extends to 09/30/10

Featured

Updated July 1, 2010 – US Senate Passed this Bill and it is now at President Obama’s to be signed.

June 29, 2010 – US House extends Closing Deadline for First Time Homebuyer Tax Credit to 09/30/10 if they are in contract as of 04/30/10.

The homebuyer has to be in contract before 04/30/2010 and now close by 09/30/10 (instead of 06/30/10). This bill is going to the congress and is expected to pass.

This is in part due to the slow process by the lenders and loan servicers during the loan approval and loan funding process where two months escrow might not suffice to close escrow. However, I also fee the benefits to First Time Homebuyer in contract on Short Sale properties due to the notorious slowness in lender approval of short sales.

Hopefully the ones that are in contract on short sale as of 04/30/10 will also get the up to $8,000 tax credit if they close by 09/30/10. There is also the California Tax Credit of up to $10,000 which expires 12/31/10 – unlike the federal tax credit, this tax credit has to be claimed over a three year period.

_____________________________________________________

Sylvia Barr

_____________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frank Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.   Starter Home to Luxury Property.  REO (Bank Owned), Short Sale, View Homes, Architectural Distinctive Homes. Investment, 1031 Exchange.

Novato, Marin Real Estate Market Overview as of May 27, 2010

Featured

It’s been quite sometime since I published a Novato Markret Overview. As I have told interested parties – the market is hopping for homes that are entry level homes, attractive to both first time home buyers and investos; but can be quite challenging for high-end or move-up homes.

Vey clear drop in % in escrow happens between $700K and $800K, with a steep drop from sellers market to buyers market; this might have something to do with the Jumbo Conforming loan cut off point of $729K.

However, homes are very competitively priced and in great conditon can go into escrow quickly, no matter where the price point is.

               
  Novato Market
  Week of 05/27/2010
           
  # of Total Units % of Total Market
  # Total Units # In Escrow   % Active % In Escrow  
Type          
SFDs 255 98 62% 38% N
CIDs 89 47 47% 53% S
All SFDs and CIDs 344 145 58% 42% S
           
SFD by Price Range          
$0-$500K 55 32 42% 58% S
$500,001-$600K 38 16 58% 42% S
$600,001-$700K 38 16 58% 42% S
$700,001-$800K 36 19 47% 53% S
$800,001-$999,999 36 7 81% 19% B
$1M – $1.25M 20 3 85% 15% B
$1.25M – $1.5M 17 3 82% 18% B
$1.5M+ 13 2 85% 15% B
TOTAL SFDs 253 98 61% 39% N
           
% in Contract Type of Market      
< 25% Buyers      
25% – 40% Neutral      
> 40% Sellers

_________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View

Marin County Bank Owned / REO / Foreclosed Homes as of 07/16/09

MARIN COUNTY BANK OWNED / REO / FORECLOSED HOMES

UPDATED 07/16/09 (last updated 06/06/09)

By Popular Demand … Thanks for emailing… Here is the updated report as requested!

Due to strong demand from my past and current clients and the interest from the prospective clients, I am providing you with list of current Bank Owned (REO – Real Estate Owned, and Foreclosed) homes.  The list will be updated freqeuently depending on relevant activities.  

(Word of Wisdom from your Realtor –  In addition to REO (Bank Owned) properties, there are GREAT Deals out there if you look hard enough.  I will be able to help you to find the best property for you in Marin and Sonoma county, Bank Owned or Not!  (O.K. I still have to work on the new Blog ‘Tale of a Short Sale’, but there are other priorities)  

The towns included in this list are Marin County towns South Marin, Central Marin, North Marin and West Marin (yes, we even have a few in South, Central and West Marin).  Specifically: Belvedere, Bolinas, Corte Madera, Dillon Beach, Fairfax, Greenbrae, Kentfield, Lagunitas, Larkspur, Mill Valley, Muir Beach, Nicasio, Novato, Marin County, Olema, Point Reyes Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales

Single Family Homes, Farms and Ranches are in one link; and Condos/Townhomes are in another link.  Note that the link expires in 30 days (Per MLS rule).

Marin County Bank Owned Single Family Homes   Marin County Bank Owned Single Family Homes (Updated 07/16/09)

It has been 1 and 1/2 months since I last (06/06/09) posted Marin REO proeprties – taking care of my clients tends to get in the way of posting online.  However, never hestiate to email me if you need current info.

The Marin housing market is heating up again, as evident in the new ‘sellers’ market.  Lack of supply and increasing demand play a big role in that – Economics 101, I am sure.  This can be attributed to a few reasons:  Continuing interest in first time homebuyers taking advantage of the up to $8,000 tax credit from the government, interest rates stay historicacl low, including the new friendly Jumbo ($729,000 in Marin county), consumer believing the market has hit the bottom (as evident by many multiple offers), the lenders are required to hold of for an additional 90 days before starting the foreclosure process – allowing distressed homeowners the opportunity to work out their loans with the lenders – we have heard quite a few successful loan modifications), short sales are getting easier to approve, less stress for buyers, and much more.  

And 1 and 1/2 months later, the famous, but accurate remark of: “The Bottom of the Market is Hindsight”   Don’t be the one who missed out on the opportunity.

Changes between 06/06/09 and 07/16/09!  for Single Family Homes

66 Totals!

  • 19 Active – Rumor had it and now Luxury REOs are finally on market.  Vacation at home with Bay and Mt. Tam views in Sausalito – speaking of breathtaking views!  check out that 178 Santa Rosa Avenue.  Belvedere REO? with stunning water view, small but sure

        ~ Continue watching for outstsanding properties on REO list! ~

  • 29 Pending (Contingent, Pending) a gorgeous home in Larkspur – 5 Wittshire Avenue, inescorw just after 3 days; 1190 Cambridge (short sale at $470K, now REO at $372,900) in escrow after 2 days, probably multiple offers too!  On the other hand, a major fixer (or tear down) in San Anselmo, first priced at $1,350,000 went into escrow when it was reduced to $1M in May. 
  • 18 Sold since 06/06/09 – Remember that super hot deal on Sun Lane? Sold for  $710K (12.72% over asking) ALL Cash. One of those, no offers, but then suddenly many offers came in.  A Shea Home in Pointe Marin closed in 21 days for $855K (last sale in 06 for $1,150,000)

Changes between 06/06/09 and 07/16/09 for  Marin County Bank Owned Townhomes / Condos  

54 Total Listings – 

Questions about the current market? a specific property? The Incentive?  Ready to Buy? Ready to Learn?  Call your trusted Realtor to give you personalized updates...

_________________________________________________________

Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

 MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. Chinese Realtor.

 

Novato Real Estate Market Biweekly Overview, October 22, 2008

Stafford Lake County Park, Novato, CA

Novato Real Estate Market statistics stays pretty flat overall with a small 4% increase in pending sales compare to a month ago on September 24. 

The ratio is held steady by dwindling inventory – overall inventory dropped by another 10%, from 370 to 348; again due to more pending sales and either sellers taking properties off the market or waiting for the market to move upwards before they sell.   

The highest increases in pending sales again, is the starter single family homes priced under $600K, with up to $500K at 41% and $500K to $700K at 30%; mutual to slightly sellers market – mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago. 

This is a great time to buy, with bargains abound, whether it’s in Novato, San Rafael or Southern Marin.  Bank owned homes or sellers with plenty of equity are pricing homes low to attract multiple offers. 

One house in Kentfield, priced lower than normal, generated 12 offers.  Think about the other 11 who did not get accepted that are circling for well priced (or bargain basement priced) homes, ready to pounce when they finally find one. 

Higher end homes are staying stale – many move-up buyers need to sell their homes in order to buy are relunctant until their house is sold in this market.  

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you! 

It will be a pleasure to serve you!  

category

 

Total Units/ In Escrow

 

% Active

 

% Pending

% +/- since 09/10/08

All SFD’s and CID’s

 

348/102

 

71%

 

29% (N)

-4%

SFD’s

 

256/59

 

77%

 

23% (B)

-1%

CID’s

 

92/43

 

53%

 

47% (S)

-10%

$0 -$500K SFD

 

66/27

 

59%

 

41% (S)

-10%

$500,001-$600K

 

27/8

 

70%

 

30% (B)

+11%

$600,001 – $700K

 

27/8

 

70%

 

30% (N)

+0%

$700,001 – $800K

 

36/7

 

81%

 

19% (B)

+0%

$800,001 – $999,999

 

31/3

 

90%

 

10% (B)

-6%

$1M – $1.25M

 

24/4

 

83%

 

17% (B)

+10%

$1.25M – $1.5M

 

24/0

 

100%

 

0% (B)

-5%

$1.5M+

 

21/2

 

91%

 

9% (B)

-1%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%
 Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com
MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.   Starter Home to Luxury Property.  REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange.

Novato Real Estate Market Overview, September 24, 2008

Novato Real Estate Market statistics continues to inch upwards in overall sales percentage compare to two weeks ago on September 10,

The overall inventory dropped 10%, from 410 to 370, results of more pending sales and sellers taking properties off the market unless they ‘have’ to sell.  Less inventory will have a positive effect on housing prices as there are less supply. 

The highest increases in pending sales are the starter / investment homes – condo/townhomes and single family residences under $500K – mostly fixers, REOs (bank owned), short sales, all bargains from one or two years ago. 

Both categories, with more than 50% sales, are now a ‘seller’s’ market – or shall we say a ‘bank/REO sellers’s market.  Some enjoy multiple offers, although not as much frenzy as when Marin was at the top of the market.

First time buyers, investors, people who relocated out of areas and want to move back, and the ones who could not afford before but would love to be in Marin are all taking this great opportunity of lower (and relatively affordable) home prices and lower interest rates to test the waters here in Marin.  

Higher end homes are staying stale – difficulty in getting financing, uncertainly about the market, excessive inventory from sellers who do not have to sell (‘not motivated’) can hold the sales down.

My office, Frank Howard Allen Realtors in Novato, is buzzing with sales activities we have not seen in a long times, walk-ins, calls, showings, offers, inspections; a lot of activities which is putting great, positive energy into the office; and hopefully bringing the energy to all our clients!

Best, and stay tuned!

Give me a call at (415) 717-0293 or email me at sylvia@SylviaSellsMarin.com for inventories on the market, whether REO, Trust Sale, start home, luxury homes.. I will be very happy to find the best house / investment property for you! 

It will be a pleasure to serve you!  

category

 

Total Units/ In Escrow

 

% Active

 

% Pending

% +/- since 09/10/08

All SFD’s and CID’s

 

370/123

 

67%

 

33% (N)

+2%

SFD’s

 

269/65

 

76%

 

24% (B)

-2%

CID’s

 

101/58

 

43%

 

57% (S)

+12%

$0 -$500K SFD

 

59/30

 

49%

 

51% (S)

+9%

$500,001-$600K

 

31/6

 

81%

 

19% (B)

-9%

$600,001 – $700K

 

36/11

 

70%

 

30% (N)

-6%

$700,001 – $800K

 

32/6

 

81%

 

19% (B)

-10%

$800,001 – $999,999

 

36/6

 

84%

 

16% (B)

-8%

$1M – $1.25M

 

27/2

 

93%

 

7% (B)

-7%

$1.25M – $1.5M

 

18/1

 

95%

 

5% (B)

-12%

$1.5M+

 

30/3

 

90%

 

10% (B)

+7%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%
Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate 
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
 
website: www.SylviaSellsMarin.com
Blog: www.AllAboutMarinHomes.com

MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa.   Starter Home to Luxury Property.  REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange. 

200 San Marin Dr. Novato, Pre Construction Meeting

200 San Marin Drive Drawing by Catlin Properties

As a San Marin Improvement Association’s member, I went to the preconstruction meeting for 200 San Marin Drive Project today. 

200 San Marin Drive is now a the vacant lot situated at the south east corner of San Marin Drive and San Andreas Drive.  Designated as a gas station, it will now be a single story, 6,700sf. medical building planned for four medical or dental offices serving local community.

Others present were two San Andreas HOA members, Chip Fuller, Vice President of Catlin Properties, owner of 200 San Marin Drive and Aton Seikowitz of Selkowitz & CO., Inc. General Contractors.  

The plan is to start construction as soon as possible, either the week of July 28th or August 4th.  The entire project is expected to be around 7 months long, with the first phase having the most impact on the neighborhood.  The crew will be working between 8:00am to 4:30pm, Monday through Friday.   

The first phase, which is expected to last 6-8 weeks, can produce the most noise and dust.  This phase includes building a six foot fence at the rear, leveling the field (where the entire ground will be at midpoint of the current elevation), digging and laying pipes for water and sewage, drainage filtration system, paving the road ,…,etc. 

Dust control is a major concern, and the crew will be keeping the ground wet and dust to the minimum.  The crew will also be trimming some of the trees which overhang the site, where permission will be obtained from the county (for the Oak tree) and the neighboring owners.

A temporary chain link type of fence will be erected to protect the premises and pedestrians.

The rest of the project will be of less impact to the neighborhood, where they will be working on the building itself.  The owner would like to have the lot surface prepared and paved before raining season so as to minimize soil run off to the street.

The last two months is expected to be all internal work with minimum distruption to the neighborhood.

Anton and Chip provided us with their contact information and encouraged neighbors to contact them shall there be any concern during the construction phase.

The above is my understanding after the meeting today.  I welcome comments and corrections. 

Green Building Components:

Per Catlin Website.  200 San Marin Drive will incorporate the following “Green Building” Components:

Plumbing for solar panels,and reuse of gray water
Filterra storm water treatment systems
Satellite weather controlled drip irrigation
Native and drought tolerant landscaping
High efficiency HVAC systems
Low VOC paints, adhesives and sealants
No added-urea formaldehyde for all composite wood products
CRI Green Label Plus carpets
Fluorescent lighting
Occupancy sensors in rest rooms
Dual flush and low flow fixtures
LED exit signs
Waste management system, recycling
Energy modeling and analysis reporting system

References

200 San Marin Drive Project by Catlin Properties

Novato Planning Commission Meeting Agenda March 17, 2008

200 San Marin Drive Medical Office Documents for Panning Commission 03/17/08 meeting

Novato Real Estate Market Overview, July 23rd, 2008

Another positive trend since July 9th, 2008 statistics.  Total inventory dropped by 11 while pending sales units remained the same! 

Big change in percent pending is the starter single family homes, with a drop of 8%.  My theory is that Locaton, Location, Location.  SFR in desirable location, shows nicely and priced right are moving still.  However, many starter homes that sit on the market for a while can have a few problems such as location (next to freeway, in flood zone), a big one), , unless priced extremely low, the buyers are shy away from them. ”

Big gain in pending sales is in the low to median price range and people who used to not being able to purchase, are looking at such option now; hence a healthy increase in pening sales for this price range. 

Check with your trusted Realtor about inventory on the market and what’s the best house for your needs and wants!  

category

 

Total Units/ In Escrow

 

% Active

 

% Pending

% +/- since 5/28

All SFD’s and CID’s

 

444/124

 

72%

 

28%

+1%

SFD’s

 

335/81

 

76%

 

24%

+0%

CID’s

 

109/43

 

61%

 

39%

+3%

$0 -$500K SFD

 

56/23

 

59%

 

41%

-8%

$500,001-$600K

 

33/9

 

73%

 

27%

-2%

$600,001 – $700K

 

61/21

 

66%

 

34%

+8%

$700,001 – $800K

 

40/9

 

77.5%

 

22.5%

+2.5%

$800,001 – $999,999

 

52/9

 

83%

 

17%

+3%

$1M – $1.25M

 

35/6

 

83%

 

17%

-1%

$1.25M – $1.5M

 

24/2

 

92%

 

8%

-4%

$1.5M+

 

34/2

 

94%

 

6%

-5%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%

Novato Real Estate Market Overview, June 25, 2008

                               Novato Landmark - Old City Hall                                   

Novato Real Estate Market Trend, June 25, 2008

As can see from the list below, the entry level Novato homes are enjoying a high percentage of pending sale than two weeks.  With the starting home price drops in Novato, and the avaiability of Short Sales and Bank Owned (REO) properties on the market, the first time homeowners and investors are out looking and actually buying. 

Several nicely priced mid range and higher end homes ($800K and up) are quickly claimed by ready buyers at the beginning of the summer housing season; a great time to shop and move. 

One reason of seeing increasing inventory, higher DOM (Days on Market) and higher pending rate is houses take longer to get out of pending status due to the much longer time required for lender to approve or disapprove the purchase. 

With proper guidance and patience, a savvy homebuyer will be able to get a fabulous buy. Make sure you do your research and your financing arrangement is ready when a great deal shows up.  With proper guidance from your Realtor and patience, a savvy homebuyer will be able to get a fabulous buy now!    

category

 

Total Units/ In Escrow

 

% Active

 

% Pending

% +/- since 5/28

All SFD’s and CID’s

 

457/117

 

74%

 

26%

+2%

SFD’s

 

333/74

 

78%

 

22%

+1%

CID’s

 

124/43

 

65%

 

35%

+3.5%

$0 -$500K SFD

 

50/26

 

48%

 

52%

+4%

$500,001-$600K

 

41/9

 

78%

 

22%

-2%

$600,001 – $700K

 

52/9

 

83%

 

17%

-4%

$700,001 – $800K

 

42/6

 

86%

 

14%

-9.5%

$800,001 – $999,999

 

52/10

 

81%

 

19%

+8%

$1M – $1.25M

 

38/8

 

79%

 

21%

+8%

$1.25M – $1.5M

 

24/3

 

87.5%

 

12.5%

+8.5%

$1.5M+

 

34/3

 

88%

 

12%

-4%

  • Buyer’s Market  < 25%
  • Neutral                25% – 40%
  • Seller’s Market   > 40%