Find and Buy Foreclosure Deals in Imperial Valley CA
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Local Press Confirms What I've Said All Along
As a REALTOR® in Imperial County, CA I provide value opinions known as BPOs (broker price opinions) and CMAs (comparative market analysis) for a variety of private and professional clients and track housing prices for neighborhoods and areas throughout Imperial County for my home buyers, short sales, and REO disposition clients.
I am interested in news stories regarding our local housing market, whether positive or negative. News articles allow me the opportunity to digest the information and interpret housing trends for my clients. Local IV Press confirms what I've said all along.
Elizabeth Varin, a staff writer with the Imperial Valley Press wrote an article regarding housing prices in the El Centro CA area or Metropolitan Statistical Area (MSA) entitled "Housing Prices Fall in EC Area".
The article confirms what I've said all along, "it's a great time to buy a home in Imperial County, CA".
In the article Ms. Varin quoted various statistics from the popular consumer real estate website http://www.zillow.com/profiles/ivforeclosures as a source for housing prices.
Zillow maintains their "Zestimate® is accurate "...depending on the home data received...in your area". Zestimate® home data is pulled from public record data and "is public because it's the consumers right to have access to information about ... their home" value.
The "Value Range" associated with the Zestimate® provides a low and high range for value associated with the property.
In short, the median home prices that Zillow provides are based upon their Zestimate® and Value Range as described above.
Historically relying on these types of values can potentially be skewed in terms of the low range, or be off the mark based on the high end.
As a service to my home buying public, I pulled out my Imperial Valley housing stats to review any differences or discrepancies in the housing price data.
In September 2008, the median housing price for Imperial County was $165,000, which is 26.67% less than the September 2009 median housing price of $121,000. The median house price for October 2009 is $120,000, a negligible price difference. Median sales prices from April through August 2009 remained only slightly higher than September.
While housing prices have noticeably dropped during the last few years, there are certain areas and neighborhoods in the County which are experiencing slight value increases and stabilization.
Coupled with the extended Home Buyer Tax Credit of $8,000 for first time buyer will assist those making the move through mid-2010 is expected to bolster home sales. In addition to extending the first time buyer tax credit, a new $6500 tax credit for existing home owners was introduced.
What does this mean to home buyers in today's market?
All of this good news means one thing; it's a great time to buy a home in Imperial County. So whether buying you're first home or your dream home, one thing is clear, housing prices are down about ½ from their previous lofty prices a few short years ago.
If you're in the market to buy a home, talk to me, Your Imperial Valley Housing Specialist about your favorite neighborhood, this way I can help you find the right home at the best price in the market today.
Buying Your Home In SouthWest Brawley CA 92227, the area known as US Route 86 & Brawley Avenue
National average and median homes prices are at their lowest levels in years and those interested in buying a home today have a lot going for them. With mortgage interest rates hovering around 5% and thousands of dollars of tax credits available to first time home buyers, now is the time to take action.
Nestled neatly in the northern section of Imperial County just below the largest inland body of water known as the Salton Sea lies the City of Brawley California, an area rich in culture, diversity and rooted deep in agriculture.
Brawley CA is a medium sized city and according to the 2000 census bureau has a population of just over 22,000 people consisting approximately 75% Hispanic or Latino ethnicities. Per capita income for Brawley is nearly $13,000, meaning a family of four has a household income of approximately $52,000 according to the census numbers.
Residential and multifamily properties make up just over 7,000 housing units with two-thirds of the properties identified as single family detached residences. Housing prices vary amoung the area and Brawley is identified as having four distinct neighborhoods, categorized with the following characteristics according to http://neighborhoodscout.com The four neighborhoods can be found at the end of this entry.
Your Imperial Valley Housing Specialist Frederic Din will discuss each of the neighborhoods and compare the median sales prices on neighborhoodscout.com with Imperial Valley MLS sales covering a 6 and 12 month period using the same neighborhood parameters to identify opportunities for home buyers.
In this entry we'll take a look at the neighborhood defined as US Route 86 & Brawley Avenue, which can be found by going to http://www.neighborhoodscout.com/ca/brawley/route-86/
Neighborhoodscout identiifes the median house value in this neighborhood as $243,000. The neighorhood had 25 sales within the past six months with a median selling price of $124,900. Average property characteristics consist of 3 bedroom 2 bath homes with approximately 1,648sf. The average exposure of these home sales or days on market was 66 days.
The same neighborhood had 44 sales in the past twelve months with a median selling price of $134,950. Average property characteristics consist of 3 bedroom and 2 bath homes with 1,725sf. The average exposure of these home sales or days on market was 95 days.
Currently there are EIGHT properties available for sale in this neighborhood with an median listing price of $228,500 consisting of an average of 4 bedrooms and 3 bath homes with 2,321sf. These homes have been on the market an average of 69 days. Please contact me if you are interested in buying one of these homes for sale in this area. You can search homes for sale by visiting http://imperialvalleyreo.com
Brawley's US Route 86 & Brawley Avenue
Call Frederic Din, Your Imperial Valley Housing Specialist to show you these or other homes in the Brawley CA 92227 area by calling locally 760-344-5363 or cell 619-241-4415.
If you have any comments or questions, please feel free to contact me or post a comment below.
Brawley's D Street & Rio Vista Ave neighborhood is found here:
http://activerain.com/blogsview/1236248/buying-your-home-in-northwest-brawley-ca-92227
Brawley's City Center neighborhood is found here:
http://activerain.com/blogsview/1236373/buying-your-home-in-northeast-brawley-ca-92227
Brawley's US Route 111 & Malan Ave neighborhood is found here:
http://activerain.com/blogsview/1236381/buying-your-home-in-southeast-brawley-ca-92227
Buying Your Home In NorthWest Brawley CA 92227, the area known as D Street & Rio Vista Avenue
National average and median homes prices are at their lowest levels in years and those interested in buying a home today have a lot going for them. With mortgage interest rates hovering around 5% and thousands of dollars of tax credits available to first time home buyers, now is the time to take action.
Nestled neatly in the northern section of Imperial County just below the largest inland body of water known as the Salton Sea lies the City of Brawley California, an area rich in culture, diversity and rooted deep in agriculture.
Brawley CA is a medium sized city and according to the 2000 census bureau has a population of just over 22,000 people consisting approximately 75% Hispanic or Latino ethnicities. Per capita income for Brawley is nearly $13,000, meaning a family of four has a household income of approximately $52,000 according to the census numbers.
Residential and multifamily properties make up just over 7,000 housing units with two-thirds of the properties identified as single family detached residences. Housing prices vary amoung the area and Brawley is identified as having four distinct neighborhoods, categorized with the following characteristics according to http://neighborhoodscout.com The four neighborhoods can be found at the end of this entry.
Your Imperial Valley Housing Specialist Frederic Din will discuss each of the neighborhoods and compare the median sales prices on neighborhoodscout.com with Imperial Valley MLS sales covering a 6 and 12 month period using the same neighborhood parameters to identify opportunities for home buyers.
In this entry we'll take a look at the neighborhood defined as D Street & Rio Vista Avenue, which can be found by going to http://www.neighborhoodscout.com/ca/brawley/d-st/
Neighborhoodscout identiifes the median house value in this neighborhood as $221,800. The neighorhood had 39 sales within the past six months with a median selling price of $120,000. Average property characteristics consist of 4 bedroom 2 bath homes with approximately 1,538sf. The average exposure of these home sales or days on market was 96 days.
The same neighborhood had 66 sales in the past twelve months with a median selling price of $124,950. Average property characteristics consist of 4 bedroom and 2 bath homes with 1543sf. The average exposure of these home sales or days on market was 91 days.
Currently there are EIGHT properties available for sale in this neighborhood with an median listing price of $124,500 consisting of an average of 3 bedrooms and 2 bath homes with 1563sf. These homes have been on the market an average of 76 days. Please contact me if you are interested in buying one of these homes for sale in this area. You can search homes for sale by visiting http://imperialvalleyreo.com
Brawley's D Street & Rio Vista Avenue
Call Frederic Din, Your Imperial Valley Housing Specialist to show you these or other homes in the Brawley CA 92227 area by calling locally 760-344-5363 or cell 619-241-4415.
If you have any comments or questions, please feel free to contact me or post a comment below.
Brawley's US Route 86 & Brawley Ave neighborhood is found here: http://activerain.com/blogsview/1236155/buying-your-home-in-southwest-brawley-ca-92227
Brawley's City Center neighborhood is found here:
http://activerain.com/blogsview/1236373/buying-your-home-in-northeast-brawley-ca-92227
US Route 111 & Malan Ave neighborhood is found here:
http://activerain.com/blogsview/1236381/buying-your-home-in-southeast-brawley-ca-92227
Buying Your Home In NorthEast Brawley CA 92227, the area known as City Center
National average and median homes prices are at their lowest levels in years and those interested in buying a home today have a lot going for them. With mortgage interest rates hovering around 5% and thousands of dollars of tax credits available to first time home buyers, now is the time to take action.
Nestled neatly in the northern section of Imperial County just below the largest inland body of water known as the Salton Sea lies the City of Brawley California, an area rich in culture, diversity and rooted deep in agriculture.
Brawley CA is a medium sized city and according to the 2000 census bureau has a population of just over 22,000 people consisting approximately 75% Hispanic or Latino ethnicities. Per capita income for Brawley is nearly $13,000, meaning a family of four has a household income of approximately $52,000 according to the census numbers.
Residential and multifamily properties make up just over 7,000 housing units with two-thirds of the properties identified as single family detached residences. Housing prices vary amoung the area and Brawley is identified as having four distinct neighborhoods, categorized with the following characteristics according to http://neighborhoodscout.com The four neighborhoods can be found at the end of this entry.
Your Imperial Valley Housing Specialist Frederic Din will discuss each of the neighborhoods and compare the median sales prices on neighborhoodscout.com with Imperial Valley MLS sales covering a 6 and 12 month period using the same neighborhood parameters to identify opportunities for home buyers.
In this entry we'll take a look at the neighborhood defined as City Center, which can be found by going to http://www.neighborhoodscout.com/ca/brawley/city-center/
Neighborhoodscout identiifes the median house value in this neighborhood as $172,800. The neighorhood had 10 sales within the past six months with a median selling price of $63,500. Average property characteristics consist of 3 bedroom 1.75 bath homes with approximately 1,081sf. The average exposure of these home sales or days on market was 107 days.
The same neighborhood had 16 sales in the past twelve months with a median selling price of $76,500. Average property characteristics consist of 3 bedroom and 1.5 bath homes with 1,126sf. The average exposure of these home sales or days on market was 83 days.
Currently there are FOUR properties available for sale in this neighborhood with an median listing price of $91,500 consisting of an average of 3 bedrooms and 1.50 bath homes with 1,021sf. These homes have been on the market an average of 84 days. Please contact me if you are interested in buying one of these homes for sale in this area. You can search homes for sale by visiting http://imperialvalleyreo.com
Brawley's City Center
Call Frederic Din, Your Imperial Valley Housing Specialist to show you these or other homes in the Brawley CA 92227 area by calling locally 760-344-5363 or cell 619-241-4415.
If you have any comments or questions, please feel free to contact me or post a comment below.
Brawley's D Street & Rio Vista Ave neighborhood is found here:
http://activerain.com/blogsview/1236248/buying-your-home-in-northwest-brawley-ca-92227
Brawley's US Route 86 & Brawley Ave neighborhood is found here:
http://activerain.com/blogsview/1236155/buying-your-home-in-southwest-brawley-ca-92227
Brawley's US Route 111 & Malan Ave neighborhood is found here:
http://activerain.com/blogsview/1236381/buying-your-home-in-southeast-brawley-ca-92227
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