Vallejo, CA

I'm a beleiver that Wachovia is the quickest and most aggressive bank out there for short sale approvals. I have a happy seller that was paid $5000 at the close of escrow. I listed a property in Vallejo on 10/31/2009, and the Short Sale was approved on 11/4/2009. I was unaccustomed to this speedy deliverance of an approval and we did close this transaction on 11/25/2009

Vanessa Nelson and Elvira Ashmun of Ashmun & Associates with RE/MAX Gold and Julie Chroust with Prospect Mortgage have combined forces in a newly formed strategic relationship with a licensed real estate company, Home Buyers Marketing II, Inc. (HBM II). HBM II provides area homebuyers with an innovative and FREE home finding service called the Home Buyers Scouting Report®. The Home Buyers Scouting Report® matches your personal home search criteria with properties that are currently listed for sale and in your price range. Online...available 24 hours a day! At your convenience, login to HBM II's private, password-protected website to view the listings that meet your home search criteria with pictures, prices, addresses, directions, maps and more!* You can specify a particular school, lot size, almost any amenity you want and get just those listings that are in your price range. While online, you can save your favorite properties to a notebook for easy reference and to receive updated information on those properties. Can't find your favorite? You can change your personal search criteria to include additional neighborhoods and home styles. If you are interested in a specific property you have driven by, simply type in the address and view information about that property. With the Home Buyers Scouting Report® you can receive daily updates on new listings as they become available! Be the first buyer to see a new property. Many busy homebuyers have heard about a great property only to find that it had already been sold. There is no obligation. Using the Home Buyers Scouting Report® will allow you to get a real sense of the current housing market in the privacy of your own home. Whether you are looking to buy a new home soon or just thinking about new home possibilities, we believe this is the best home finding service available and as a preferred customer, we would like you to know about it. Click below for more information about receiving this FREE home finding service: We look forward to hearing from you. RE/MAX Gold Ashmun & Associates and Julie Chroust

Helping you find the HOMETM RE/MAX Gold Ashmun & Associates RE/MAX Gold www.elviraashmun.com Main Office: 707-647-2020 Vanessa Nelson Cell: 707-333-3258 Elvira Ashmun Cell: 707-326-2069 Fax: 707-558-8280 eFax: 707-652-7883 Email: vanessanelson@earthlink.net Helping you find the LOANTM Julie Chroust www.jchroust.myprospectmortgage.com/ Direct: (925) 516-5809 Follow me on: Twitter Visit My:: Blog View My: Naymz Profile Join My: Facebook Email: julie.chroust@prospectmtg.com

*In some markets not all of the listings are available because of local rules and regulations. Address, mapping & other property information restrictions apply in some markets.

The Real Estate Agent and Home Buyers Marketing II, Inc. (HBM II) are cooperating licensed real estate professionals. The Real Estate Agent is neither an agent nor a broker for HBM II, but works cooperatively with HBM II to assist in your home scouting efforts.

The Preferred Loan Officer's role is to assist in determining a comfortable monthly payment and price range for Home Buyers Marketing II, Inc. (HBM II) to use when it is searching for properties within your search criteria. The Preferred Loan Officer is neither an employee of HBM II, nor the provider of the Home Buyers Scouting Report® (HBSR).

The Home Buyers Scouting Report® (HBSR) is a free home finding service of Home Buyers Marketing II, Inc. (HBM II) a licensed real estate company. HBM II provides the Report directly to homebuyers through a secure, password-protected online service.

© Copyright 2003, Home Buyers Marketing II, Inc.

Where oh where did the listings go? SOLD is one way and there is very little coming on the market.

I was updating my website last night for some July numbers from our local Bay Area Real Estate Information. OF course it is a point in time for posting what is happening in the Vallejo, CA real estate market. So that means some Realtors do not post a listing SOLD quickly or at all. However the source gives a very good picture of what is happening in today's world.

As of last night, in Vallejo there were 252 homes listed for sale (single family and condo), 78 are foreclosures and 116 are short sales. There were 193 homes sold (at least posted sold) from July 1- July 31.

At this rate we have less than a month and a half of inventory at this pace of homes being sold. The homes are slowly trickling out from the REO agents. We have homes that are in pre-marketing and eviction status. However, from talking to other REO agents, that number is no where what is was last year.

Everything that stands up with four walls is getting multiple offers in Vallejo. Short sales are getting multiple offers which was unheard of. The good side many are being approved. Patience is a virtue when waiting for a short sale to be complete, but can be worth the effort.

My personal opinion is there are many homeowners who are watching what is going on with short sales and will eventually jump into the market. So there is an inventory out there waiting to make a move.

Is it enough for all the buyers who are hungry to purchase a first home, an investment home or move up? Time will tell.

Most important is PATIENCE. If you want to buy or sell, your time will come and it will happen.

Well..... they have been sold with not much more inventory coming on the market for buyers to choose from.

From January 2008 through April 2008 time period 175 homes were sold. $65,000 was the lowest price and $620,000 was the highest. Median price was $261,000. All information is from Bay Area Real Estate Information dated 5/2/09.

From January 2009 through April 2009, 725 homes have sold. The lowest price was $23,000 (price of a car and life expectancy is longer!) and the highest price home sold was $495,000. The median price was $120,000.

WOW, more than a 50% drop in median price.

As of 5/2/2009 there were 152 foreclosures for sale. You do the math, not a whole lot of inventory to choose from!!

There are homes coming on the market every day, just not as many as last year. Now is the time with interest rates low, for buyers to jump in and still get some great deals. Let a Realtor help you find the best home to meet your needs.

Our inventory of homes for sale in Vallejo, CA has dropped tremendously since the last year. HUGE drop in inventory. As I have written previously this is now a seller's market with multiple offers on homes time and time again-as soon as they hit the market.

As of 4/19/09 per the Bay Area Real Estate Information (MLS), Vallejo has 491 homes for sale (single family and condos). We had that many listed as foreclosures 6 months ago!!

166 of these listed homes for sale are foreclosures and the new news from several months ago is the number of short sales has gone up. There are 222 short sales listed. And short sales are going through. I recommend to my buyers that if a short sale home for sale appeals to them, go for it. It will be a long bumpy road, however, could be worth the wait. Every month we as Realtors become more adept in navigating the short sale process and getting the banks to approve a sale. It is important the buyers agent and sellers agent work closely together and communicate every week, even if the bank is not doing anything at that moment.

The interest rates are still great and there are some lovely homes for sale!! Until more foreclosures get released, as the news has indicated, it is still a great time to buy. Prices are not going up nor are they going down with all the multiple offers. They are hovering!

Remember -- use a trusted Realtor to assist you!