La Habra, CA

Lovely La Habra Woods Condo for Sale - 1467 W. Lambert

Have you been considering taking advantage of the $8000 First Time Tax Buyer Credit or the $6500 Current Homeowner Tax Credit and low interest rates to buy your first or next home?

Would you like a lovely condo that is move in ready in a great little association?

If so, you have found the perfect new home in La Habra Woods.

This home is spacious, open and airy with two good sized bedrooms and nice outdoor areas.

For a private showing, please contact me at 714.319.9751 and see the flyer below for more information.

Christine Donovan | 800-610-7253 Lambert, La Habra, CA Lovely La Habra Condo for Sale 2BR/2+1BA Townhouse offered at $270,000 Year Built 1980 Sq Footage 1,530 Bedrooms 2 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 1,200 sqft HOA/Maint $140 per month DESCRIPTION Spacious townhome with large bedrooms that feature vaulted ceilings. A lovely deck provides outdoor living space. This home also has lots of closet and storage spaces. Green, lucscious landscaping enhances this home. 2 car garage has direct access. Information deemed accurate but not guaranteed. Short sale. see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace COMMUNITY FEATURES - Swimming pool(s) - Sauna/Spa ADDITIONAL PHOTOS Lambert La Habra exterior La Habra Woods Fireplace La Habra condo kitchen La Habra Woods bath La Habra Woods greennbelt La Habra Woods pool Contact info: Christine Donovan 800-610-7253 For sale by agent/broker Equal Opportunity Housing Posted: Feb 7, 2010, 7:04pm PST

FHA announced changes to its guidelines. It will raise the minimum down payment required for borrowers with credit rating scores below 580 to 10%, while the down payment for higher-ranked borrowers would stay at 3.5%. The upfront MI premium is also going from 1.75% to 2.25%. HUD is seeking congressional approval to allow it to raise annual mortgage insurance premiums. Lastly, FHA also said it was cutting the amount of seller contribution to buyers down to 3% of the purchase price from 6%; a move it said could help lessen incentives to inflate appraised home values. Lastly, HUD has put together a list of lenders that are under investigation for excessive claims.

La Habra Homes For Sale - Condo update January 2010

La Habra, CA has seen a run on entry-level condo sales lately as many buyers are looking to take advantage of the still low interest rates and the tail end of the federal housing stimulus package. We are seeing a big demand for condos with at least 2 bedrooms under the $200,000 mark. Here is a quick snapshot of the current market.


What's on the market?

There is a total of only 10 La Habra Condos under $200,000 with at least 2 Bedrooms currently for sale on the market. These 10 condos are in communities such as Mar Vista, Woodlake Village, Woodlake Villa, Stone Harbor, La Venezia, and Fashion Knolls.

Of these La Habra homes for sale there are 9 short sales and 1 REO. There are 0 standard sales in this price range. The average days on the market is 75 in this range of active listings.


What has been selling?

Currently there are 25 condos in escrow that match the above description. This sounds like an awful lot but remember the majority of these are short sales and it is anybody's guess when they will actually close.

What we can say is that there are 5 closed sales in the last 30 days that have closed that match this description and the average days on the market is right around 45 days.


What does it all mean?

Basically, La Habra CA home sales are keeping pace in the entry level range with the rest of the county. Buyers are seeing heavy bidding on these properties and sellers are seeing lots of interest and quick offers. The catch is that this only applies to homes priced very competitively, and often at price points homeowners are uncomfortable with. This is the reason why we see the majority of the inventory as distress sales in the form of short or REO listings. Sellers who have bought at the peak of the market may have a difficult time selling if they are unwilling to do a short sale and if they have little equity.

If you live in La Habra CA and are curious as to whether you will be able to sell your home in the current market, please contact us or visit our La Habra homes for sale page.

Current La Habra Homes for Sale, La Habra Homes, and La Habra Real Estate guides plus an informative expert Real estate blog on all facets of homes and real estate in California.

La Habra, CA 90631, is located in Northern Orange Co. in Southern California. It's home to a population of approximately 65,000 residents. The city offers a wide range in home prices, so it's good news there is something for everyone.

4th Quarter Closings City of La Habra for 2009 vs. 2008:

• $327,445 Average Sales Price 2009 ~ Price Per Sq. Foot $205.95 ~ 48 Days on Market
• $344,425 Average Sales Price 2008 ~ Price Per Sq. Foot $197.95 ~ 76 Days on Market

Types of Sales:

2009 ~ 130 Total Closings~ 43% Standard Sales ~ 26% Bank Repos ~ 20% Short Sales ~ 11% Other

2008 ~ 154 Total Closing ~ 29% Standard sales ~ 41 % Bank Repos 19% Short Sales ~ 11% Other

In analyzing the data I think the numbers reflect several things:

(1) Sales for the first half of 2009 were at a record low, while sales at year-end increased dramatically, largely in anticipation of the expiration of the first-time home buyer credit.

(2) Bank repos sales were lower in 2009 vs. 2008 for several reasons, goverment imposed foreclosure moratorium, both federally and state, the Obama Work Out Plan in hopes of doing loan modification for home owners, and in my opinion, many lenders not wanting to add to the massive wave of foreclosures on their books.

My company, Preferred Home Brokers has proudly served the City of La Habra for more than thirty-years.

If you're interested in speaking with someone who understands the real estate market, and also understands the sale of your home is not a one-size-fits-all, please contact me, Lynda@PreferredHomeBrokers.com, text or direct (714) 595-1494. Or any of the Preferred Realtors at Preferred Home Brokers. We would love to hear from you!

License #00402040 ~ California Department of Real Estate.

We have a new listing in La Habra the address is 791 Durham. This home has been totally remodeled inside, look at the pictures and be amazed. Open house will be January 23 & 24 from 12:00 to 5:00pm both days. See it online at www.791durham.com