Studio City Real Estate Home Search

Looking To Buy Or Sell Studio City Real Estate

You will find everything you need at 

http://heatherhousehunter.com/

Sellers:

Find the value of your home in two easy steps

Tips on moving with children 

Tips on moving with pets 

And much more

Buyers:

Search Studio City Homes For sale

 Get Pre-approved

Find A Home Inspector

And Much More 

+Todd Riley

2014 Studio City Real Estate Market Stats

334  Single Family Homes For Sale In Studio City closed escrow from January 1st to December 31st of 2014.

• The average sales price was $1,393,448. Average sales price per square foot was about$536.
• The highest price sale sold for $6,787,000 & boasted 7 bedrooms, 8.5 baths and 9,033 square feet.

• The lowest priced home had 1 bedrooms, 1 bath and 651 square feet and sold for $570,000

161 Studio City Condos/Townhomes For Sale closed escrow in the same time frame.

• The average sales price was $528,460. Average sales price per square foot was $375.
• The highest sales price was $910,000 for a 4 bedroom 4 bath, 2,140 square foot condo.
• The lowest price sale was a condo that sold for $285,000 and had 1 bedroom, 1 bath, 618 square foot.

For more information on Studio Home Values visit our website.
To Get The Value Of Your Studio City Home In Two Easy Steps Click Here

Studio City Home Values - What's My Studio City Home Worth

Thirty-one Studio City Single Family Homes For Sale closed escrow from July 1 to July 30th of 2014. The average sales price was $1,631,581. Average sales price per square foot was $566. The highest price sale, (the Joseph Barbera Estate), sold for $4,950,000 & boasted 6 bedrooms, 8.5baths and 6,899 square feet. The lowest priced home had 2 bedrooms, 1 bath and 917 square feet and sold for $720,000

Nineteen Studio City Condos/Townhomes closed escrow in the same time frame. The average sales price was $515,829. Average sales price per square foot was $374. The highest sales price was $865,000 for a 3 bedroom 2.5 bath, 1,605 square foot condo. The lowest price sale was a condo with 1 bedroom, 1 bath, 750 square feet.

For more information on Studio City Home Values visit our website.

If You Are Thinking About Buying Or Selling Real Estate In Sherman Oaks Get the FACTS HERE

Search The MLS For Studio City Homes For Sale - Sherman Oaks Homes For Sale

Looking for a home in Studio City or Sherman Oaks then this site was built with you in mind. Not only is it easy to find Studio City Homes For Sale and Sherman Oaks Homes for sale but there is a ton of information on local schools, surrounding areas, financing and tips for first time home buyers and seasoned pros. To start your search CLICK HERE and find the perfect Studio City or Sherman Oaks home.

New Website Answers the Question: What's My Studio City Home Worth?

Heather Farquhar, a Top Producing Realtor in Studio City, announced the launch of her new website designed to help Homeowners in Studio City to determine the value of their home http://www.WhatsMyStudioCityHomeWorth.com.

Heather hopes that Studio City Homeowners wanting to know what their Studio City Home Is worth will find the comprehensive tools on this new website useful and easy to use. "I have tried to make it as easy as possible," Heather said, "in two easy steps a Studio City homeowner can have a Comparative Market Analysis delivered to their inbox without even having to talk to a Realtor." This tool, known as "The Market Snapshot" will then send an updated CMA monthly.

"Everyday I hear the same questions," Heather continued, "How's the real estate market? Do you think I can sell my home and make some money? Is it a good time to buy? I developed this website to help answer these questions. Using this tool will show sellers market trends in Studio City, it charts live market activity including sold homes, an interactive map, active listings, how many home are on the market and days-on-market. This is information that used to be available only to Realtors now I have put it at your fingertips."

Check out Heather's new site. You have nothing to lose and a wealth of information to be gained.

Check it out here: http://www.WhatsMyStudioCityHomeWorth.com

Prices Up/Inventory Down

California’s median home price marked a full year of annual price gains, propelled by strong sales of higher-priced homes in February, while a lack of inventory constrained total home sales for the month, C.A.R. reported. 

Tough Market For Owner Occopied Buyers

SEATTLE, Oct. 11, 2012 /PRNewswire/ -- The inventory of lower-priced homes for sale, which are commonly sought by first-time home buyers, has dropped by more than 40 percent in California over the past year, according to a new Zillow analysis, which tracks changes in the number of homes listed for sale on Zillow across the country as of Sept. 30, 2012 and compares inventory changes in the bottom, middle and upper tiers of home prices.
California has the highest annual rate of inventory reductions across all three housing tiers (-37.5 percent), but the inventory in the bottom tier of homes saw the biggest decline (-42.7 percent); with lower-priced homes in the Fresno (-59.7 percent), Sacramento (-55.4 percent), San Francisco (-53.2 percent) and Modesto (-50.5 percent) metros seeing the largest annual reductions. These homes commonly are purchased by first-time home buyers and, more recently, investors. Nationally, the bottom price tier has experienced an inventory reduction of 15.3 percent over the past year.
"First-time homebuyers are being squeezed out of the market by falling inventory and the rapid influx of investors looking to buy basic homes to rent out to the growing population of people who have recently been foreclosed upon," said Stan Humphries, Zillow chief economist. "Investors are paying in cash and can close sooner, which is more favorable to banks and homeowners looking to sell."

This is great news for sellers. Properties are selling with multiple offers and sometimes well over asking.  If you have been thinking of selling now just might be the time. Contact me and we can go over your options and see if now is the time for you to sell your home.

Heather Farquhar
Keller Williams Realty
www.HeatherHouseHunter.com
Heather@HeatherHouseHunter.com

California Homeowner Bill of Rights signed into law


California Governor Jerry Brown signed into law yesterday the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California's housing market and prevent the other negative effects of foreclosures on families, communities, and the economy. The new law will generally prohibit lenders from engaging in dual tracking, require a single point of contact for borrowers seeking foreclosure prevention alternatives, provide borrowers with certain safeguards during the foreclosure process, and provide borrowers with the right to sue lenders for material violations of this law.

Making sense of the story

• The Bill of Rights prohibits “dual track” foreclosures that occur when a mortgage servicer continues foreclosure while also reviewing a homeowner’s application for a loan modification.

• Under the new law, homeowners must be provided with a single point of contact when negotiating a loan modification.

• It expands notice requirements that must be provided to a borrower before taking action on a loan modification application or pursuing foreclosure.

• Additionally, the bill allows injunctions against foreclosure until violations are corrected and permits civil penalties against servicers that file multiple, inaccurate mortgage documents or commit reckless or willful violations of law.

• These new laws make California the first state in the nation to take provisions in the National Mortgage Settlement, which covered the nation’s five largest mortgage loan servicers, and apply those rules to all mortgage servicers.

• The law will go into effect January 1, 2013.

The rate for a 30-year, fixed-rate loan, the most popular mortgage product, dropped to 3.62% from 3.66% last week. The rate has matched or hit a new low for 10 of the past 11 weeks, Freddie Mac said. Meanwhile, the 15-year fixed rate fell to 2.89%, down from 2.94%

Top 10 Mistakes Home Sellers Make

Home Prices In Los Angeles Expected To Rise

After two years of gains, home sales in California are expected to fall 10 percent this year but prices should continue to rise.

The California Association of Realtors expects 492,000 sales this year, compared with 564,500 in 2009. C.A.R. predicts that sales activity will rise next year to 502,000 as the recovery regains momentum.

Sales increased by 27 percent in 2008 and 24 percent in 2009 after two sharp years of declines as the real-estate market collapsed.

"We have had weaker economic activity in the second half of this year as we have weaned ourselves from the federal government stimulus programs," Robert Kleinhenz, the association's deputy chief economist, said during a conference call.

The Los Angeles-based trade group expects next year's median to grow a modest 2 percent to $312,000.

The increase follows price decline of 38 percent in 2008 and 21 percent in 2009. Los Angeles County market should closely track the state, Kleinhenz said.

There were 60,000 home sales in the county last year and they should fall 24 percent this year, due in large part to the end of the federal tax credits. Modest gains should return next year, Kleinhenz said. The median price is on track to increase 5 percent this year and make a similar gain next year, Kleinhenz said. There was also word on Monday that the nation's residential housing market remains under pressure. The National Association of Realtors said that its index of sales agreements for previously occupied homes rose 4.3 percent to a reading of 82.3 in August. That's still more than 20 percent below the pace in the same month a year ago. "With underlying economic conditions still so weak, a robust housing recovery remains highly unlikely," Paul Dales, U.S. economist at Capital Economics, told the Associated Press.

How Far Will They Go?

Lenders’ data mining goes deep. Mortgage makers are going beyond tax returns and bank statements to determine whether you’re a good risk. They’re checking such things as where you have pizza delivered and where you shop online.

Click Here To Read The Entire Los Angeles Times Article

Gov. Arnold Schwarzenegger Signs Bill!!!!!

Gov. Arnold Schwarzenegger on Thursday signed a bill aimed at selling California's vacant homes and encouraging new construction by extending a $10,000 state tax credit for first-time home-buyers.

The governor signed a bill the state Legislature passed on a bipartisan vote earlier this week. It provides a state tax credit to first-time home-buyers who buy new or existing homes from May 1 until the end of 2010.

Home-buyers can claim 5 percent of the purchase price against their California taxes, or up to $10,000.

Call me for more information.

Heather Farquhar 818-388-2743

Federal Tax Credit for Home Buyers Extended and Expanded

The tax credit will be extended through April 30, 2010, with a 6-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to receive a tax credit of up to $8,000, while existing homeowners will receive a credit of up to $6,500. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.

Mortgage rates slip below 5%

Loan applications jumped 13% last week and are up 50% from late June, borrowers have been taking advantage of rates that now average 4.97% on a 30-year loan. This is the time to buy!!! Talk to me about the $8,000 first-time buyer tax credit. Time is running out but if you are eligible you can still get the credit if you act quickly.

Fast Facts From The California Association Of Realtors

California median home price - July 09: $285,480 (Source: California Association of Realtors.)
California highest median home price by California Association Of Realtors region July 09: Santa Barbara So. Coast $885,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region July 09: High Desert $110,650 (Source: C.A.R.)Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.)Mortgage rates - week ending 8/27/09 30-yr. fixed: 5.14% Fees/points: 0.7% 15-yr. fixed: 4.58% Fees/points: 0.7% 1-yr. adjustable: 4.69% Fees/points: 0.6% (Source: Freddie Mac)

Fast Facts From the Callifornia Association Od Realtors

Calif. median home price - May 09: $267,570 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region May 09: Santa Barbara So. Coast
$875,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region May 09: High Desert $106,210 (Source: C.A.R.)Calif.
First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.)Mortgage rates - week ending 7/16/09
30-yr. fixed: 5.14% Fees/points: 0.7%
15-yr. fixed: 4.63% Fees/points: 0.7%
1-yr. adjustable: 4.76% Fees/points: 0.5% (Source: Freddie Mac)

First-Time Homebuyers Push Sales Up In Studio City and Sherman Oaks

Southland Regional Association of Realtors® reported that first-time buyers are taking advantage of favorable market conditions and are pushing home sales up in the San Fernando Valley with May being the eleventh straight month of sales gains.
Seven hundred and eight single-family homes sold during May, an increase of 5.8 percent over a year ago and 2.5 percent above figures.
Currently there is a 3.8-month supply of homes compared to the 8.5-month supply of May 2008 (a five- to six-month inventory indicates a balanced market.)
The median price of homes sold during May was $350,000, down 22.2 percent from a year ago. The condominium median price of $185,000 was off 38.1 percent from May 2008.

Thought For The Day

"Look for sale prices, and never regard falling prices as inherently bad news. Instead, falling prices create the opportunity to buy even more of something that was already worth owning. " Warren Buffet

California First Time Buyer Tax Credit

California running out of Ten Thousand Dollar tax credits. First-time home buyers wanting to take advantage of the state’s $10,000 tax credit may not have as much time as they thought they had. California set aside $100 million to help home buyers purchase new construction, hoping to get the residential-construction market going. The good news is; it worked and is helping to lure home buyers into purchasing a newly built home. However, there only is about 20 percent of the funding remaining. Call me now to buy your NEW Studio City of San Fernando Valley Home before the money runs out.