Short Sales: The Basics for REALTORS from the National Association of Realtors

Short Sales: The Basics for REALTORS from the National Association of Realtors

As of 1/17/2011, short sale Modesto statistics:

Active short sale residential income properties:  7 
- Average days on market: 54
- Median days on market: 21

Active short contingent residential income properties: 13
- Average days on market: 122
- Median days on market: 89

Active short sale for single family homes: 341
- Average DOM/CDOM: 103/120
- Median DOM/CDOM: 74/92

Active short contingent for single family homes: 236
- Average DOM/CDOM: 133/144
- Median DOM/CDOM: 110/117


Compared to active status properties (not short sale):
Active residential income: 19
- Average DOM/CDOM: 174/220
- Median DOM/CDOM: 56/96

Active single family Modesto homes on the MLS: 501
- Average DOM/Cumulative DOM: 73/94
- Median DOM/Cumulative DOM: 42/54



Recent short sale experience / brain dump / mind transfer:

A "sing and thrive" moment --- for the short sales that actually made it to the finish line:
"It's amazing" by Jem  ---   http://www.pandora.com/music/song/jem/its+amazing

Chateau Provence Homes in Modesto

There are two Modesto homes in Chateau Provence gated community that are available.
One on Lourmarin Lane and one on Avignon Lane. Below is a map from MLS.

I've previewed the Modesto homes. Both do not have pool. There is a smaller (2238 sq ft.) one-story home on Lourmarin Ln and a larger two-story home (2726 sq. ft.) on Avignon Lane. One of the homes need to install landscape in the back yard. Both were built in 2003

Both are asking at around $125-%128 per sq. ft. Previously, the listed homes which were short sale were asking at around $110 per sq. ft.

I contacted the listing agent on another home which already had an accepted offer and I might be able to view that home on Savoie Way as well, either as a comparison or might even be a back-up offer.

It is a good idea to show all the homes at the same time. I wonder if the agent/owner of the property on Touraine Parc would be interested in letting us view the home (active short sale contingent on the bank accepting the offer) as well. My broker and I contacted the listing agent on the Touraine Parc Ln home before but we didn't get a return call. At that time, my client was desparate to look at that home and call it her 'dream' home.

Fleur de Ville Gated Community Modesto - Reduction in Price - Listing Detail #90089244 - Residential

Modesto Real Estate: Modesto Home Listing Detail #90089244 - Residential

Daily email update from MLS showing new reduction in price for a property on Fleur De Lis Drive, Modesto CA 95356.

There are currently multiple properties ranging from around 800K to over 1.3 Mil.

Two properties are under construction. I'll be happy to email anyone who is interested in getting a list of properties on the market in this area.

mapspread: Create, edit, share and publish maps in minutes

mapspread: Create, edit, share and publish maps in minutes

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I spend this evening playing with the mapspread tool I found, this is the Modesto Real Estate Neighborhood Locator map I created. I have yet to obtain the Modesto home sale prices from MLS to complete this fun little project...

Please feel free to email me at ilaichan@comcast.net if you have a neighborhood that you would like to add to this map.

California Home Price - News from C.A.R.

California median home price - August 09: $292,960 (Source: C.A.R.)


Calif. highest median home price by C.A.R. region August 09: Santa Barbara So. Coast $828,750 (Source: C.A.R.)


Calif. lowest median home price by C.A.R. region August 09: High Desert $111,770 (Source: C.A.R.)


California First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.)


Mortgage rates - week ending 10/01/09 30-yr. fixed: 4.94% Fees/points: 0.7% 15-yr. fixed: 4.36% Fees/points: 0.6% 1-yr. adjustable: 4.49% Fees/points: 0.5% (Source: Freddie Mac)





Other links of interest to Real Estate Agent in Modesto CA:

• Customizable “Green Living Tips” available at http://car.indieprinting.com/

Links of interest to home buyers at http://www.homesteps.com/

• Save 3.5% of buyer's closing cost for single family HomeSteps® home as their primary residence, expires 10/30/09.


• Home Protect - 2 year warranty paid by Freddie Mac.

The above is from the California Association of Realtors newsline.

Index shows home prices rose for 3rd month in July - Sacramento Business, Housing Market News | Sacramento Bee

Index shows home prices rose for 3rd month in July - Sacramento Business, Housing Market News | Sacramento Bee

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Writing Course for SAT Prep near Modesto CA

Institute for Excellence in Writing
presents an event with Andrew Pudewa
Saturday, October 31, 2009

Location:
Mosaic Christian Church
4430 Granite Dr
Rocklin, California 95677
To register for this event, go to:
http://www.excellenceinwriting.com/event/rocklin-ca-high-school-essay-intensive
or call (800) 856-5815

* * * Please forward this information to friends and colleagues! * * *

High School Essay Intensive
A One-Day Seminar for High School age students and teachers
Saturday, October 31, 2009 8:30 – 3:30 pm
Cost: $50.00/participant (parents $25 if attending with student)
The High School Essay Prep class is an excellent way to get immediate experience and inside tips on how to do your best on the timed, 25 minute response to a prompt required on the new SAT test. Participants will actually write two full essays, carefully study and then apply the College Board evaluation criteria to sample essays, while receiving a detailed booklet of resources and lesson plans for continued practice.

Additionally, students will learn special structure and style tools for use in composing the college application "personal essay"—an entirely different type of writing task. The complete process will be presented: choosing the question, creating the outline, and polishing a final version. Participants will leave with a clear concept of the task, their own outline for an actual personal essay, and several new tricks and techniques to add to their repertoire.

Although this seminar is specifically designed for those who will be taking the SAT or submitting college applications within the next 1-2 years (and especially those teaching such students), it is also useful for general writing practice, tools and tips. It is open to all students, regardless of their experience with IEW courses or materials. A lot of actual writing is done during this six-hour class.

Institute for Excellence in Writing http://www.excellenceinwriting.com

* * *

The above is an email I received from Andrew Pudewa.

I've some writing course on DVD that I purchased from the Institute for Excellence in Writing. I played the DVDs in the car and torture, I mean educate, my kids when we are on the road from Modesto to other CA destinations. Another "not so fun" things to do with my kids to balance out the "fun things to do with my kids".

I plan on signing up for this class with my child once she is in high school...