Hidden Valley Lake, CA Real Estate Market Conditions-It's a Buyer's Market – Teresa Welter, REALTOR CPS Country Air Properties

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Land Sales In Hidden Valley Lake for 2007.

January 1st, 2008 10:00 AM

Lot sales were only slightly down from 2006. But the median selling price was down a whopping 37.5%. All figures below include only lots within the gates of Hidden Valley Lake.

Lots sold in Hidden Valley Lake 2006= 30

Lots sold in Hidden Valley Lake 2007= 23

Median lot sold price 2006= $72,000

Median lot sold price 2007= $45,000

Average Days on Market 2006= 180

Average Days on Market 2007= 250

Lowest Sales Price 2006= $40,000

Lowest Sales Price 2007= $15,000

Highest Sales Price 2006=$118,000

Highest Sales Price 2007= $110,000 (waterfront)

Posted by Teresa J Welter on January 1st, 2008 10:00 AMPost a Comment (0)

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WHAT ARE YOU WAITING FOR?

January 25th, 2008 10:45 AM

FROM REALTOR MAGAZINE-Daily Real Estate News | January 25, 200830-Year Mortgage Rates Fall to 4-Year Low

Housing industry observers are hopeful that the recent decline in mortgage rates will lead to a recovery in the market.

Freddie Mac reports that interest on 30-year, fixed loans fell for the fourth straight week, landing at their lowest level in nearly four years.

Economists say mortgage rates averaged 5.48 percent for the week ended Jan. 24 -- down from 5.69 percent a week ago -- because of the latest reports about the economy and because the Federal Reserve made its biggest cut in 20 years to a key interest rate.

Freddie Mac also reports that rates on 15-year mortgages declined to 4.95 percent from 5.21 percent, rates on five-year adjustable-rate mortgages dropped to 5.13 percent from 5.4 percent, and rates on one-year ARMs slipped to 4.99 percent from 5.26 percent.

Source: Baltimore Sun (01/25/08)

Posted by Teresa J Welter on January 25th, 2008 10:45 AMPost a Comment (0)

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HAS THERE EVER BEEN A BETTER TIME TO BUY?

January 24th, 2008 1:22 PM

Fed Surprises with Deepest Cut since 1984

The Federal Reserve surprised everyone Tuesday with an emergency intersession rate cut of .75%, the deepest cut in the Fed Funds Rate since 1984. The Fed Governors are acting in direct response to recent reports that the country is on the brink of recession.

If you have credit cards, auto loans, HELOCs, or an Adjustable Rate Mortgage, the Fed's decision to cut this key interest rate is great news. For long-term mortgage rates however, this could signal the beginning of the end for the lowest 30-year home loan rate borrowers have experienced since 2005.

Let's look at the impact of a few recent Fed Funds Rate cuts and the corresponding impact to home loan rates to see what this could mean for you:

Period	Fed Funds Rate Cut	Impact to Home Loan Rates
January to June 2001	Down 2.25%	Rose 0.10%
October to December 2001	Down 0.75%	Rose 0.45%
May to August 2003	Down 0.25%	Rose 0.78%

Rates are predicted to be cut again when the Federal Reserve meets at the end of this month. Many believe Tuesday's action was taken because of a dramatic downturn in the stock market, where the Dow dropped 464 points, the worst single day drop since September 11, 2001. Since the Fed's announcement, the Dow has recovered much of those losses but volatility is likely to remain a consistent theme throughout the week.

If you are waiting for long-term mortgage rates to fall further from here, don't count on it. Your best chance to lock in the lowest mortgage rates since 2005 is now. Getting your application in process will allow you to capture a rate near all time lows.

This is an unprecedented market and things are moving fast.

Interest rates combined with the lowest home prices in many years make this the BEST time for you to make your home buying dream a reality.

Call today to discuss how I may assist you with purchasing your Lake County property. Not calling today could cost you tens of thousands of dollars in the next few years. Don't let this happen. I look forward to hearing from you.

You can contact Valerie Bettencourt with Investors Trust Mortgage for more info regarding rates. Valerie is an expert in her field and will take excellent care of all of your lending needs. She can be reached at

707-928-4617.

Posted by Teresa J Welter on January 24th, 2008 1:22 PMPost a Comment (0)

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Market Conditions Hidden Valley Lake 10/1/07 to 1/1/08

January 1st, 2008 10:44 AM

Total amount of homes actively on the market in Hidden Valley Lake as of January 1, 2008 is 125.

41 homes currently on the market are in SOME FORM OF FORECLOSURE-either pre-forclosure or already bank owned. That is 32.8% of the Hidden Valley Lake market as shown in the Lake County MLS.

Asking prices range from $167,990-$829,000.

Current Median ASKING PRICE-$339,000.

Current Average ASKING PRICE-$369269.

20% of Current Inventory is 2006/2007 built.

Active Listings Median Days on Market-120.

Active Average Days on Market-149.

Active Square footage ranges from 900 to 4058.

Number of Bedrooms ranges from 2-5.

Contingent Homes-12

Pending Homes-5

Contingent-7

Median asking price of homes pending or contingent WITHIN the gates of Hidden Valley Lake is $279,900.

Average asking price of homes pending or contingent WITHIN the gates of Hidden Valley Lake is $326,400.

16 Sold properties in the last 3 months from October 1, 2007 to January 1, 2008.

Median SOLD PRICE-$288,000. AVERAGE SOLD PRICE-$296,900.

Sold Homes Median Days on Market-162

Sold Homes Average Days on Market-190

Posted by Teresa J Welter on January 1st, 2008 10:44 AMPost a Comment (0)

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