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Coto de Caza
Real Estate Market Report
January
1, 2010
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A monthly report of Real Estate sales
activity in Coto de Caza, CA
By: Ron Denhaan, Realtor, Realty Executives OC
Coastal (949) 290-3263
The Coto de Caza real estate market report is a monthly
feature on my web site. The report provides sales statistics for
homes in Coto de Caza, including active home listings, Coto homes
sold, homes in escrow, in backup, and closed sales in Coto de
Caza, as well as general real estate market commentary, selling
tips, information for Coto sellers and buyers, financial
information and mortgage advice. All information herein represents
only the opinions of the authors, Ron Denhaan and Matthew Frey,
and does not necessarily reflect the views of other agents and
lenders, Realty Executives, or Bankers Funding Company.
Individuals should always perform their own investigation and
research into real estate market and financial conditions.
Market statistics:
| For Coto de Caza |
This
month |
Last month |
| Number of active
home listings: |
101 |
117 |
| Number of homes
in backup offer status: |
22 |
23 |
| Number of
pending sales: |
12 |
7 |
| Number of closed
sales - 2009 total |
181 |
|
|
|
|
| Active short
sale homes |
17 |
17 |
| Active bank
owned / REO homes |
3 |
5 |
| Homes offering
owner financing |
5 |
7 |
| Homes for lease |
18 |
27 |
For the 181 closed sales in Coto de Caza for 2009, the
average sales price was $982.79 the average time on the market
was 91 days, and the homes sold for an average of 95% of current
asking price.
It
is very apparent that homes available for sale (and lease) have
continued to drop! Again, for home sellers, now is the time to
list! If you have a quality home, demand will be there and
competition will be low. This is especially true for detached
homes priced at $800,000 and below. My listing page is here,
and it contains a lot of information on what I will do to help you
sell your home. If your loan is going through the roof and the
value of your home has declined significant, you may want to
consider doing a short sale. My information page is here: http://www.ronforhomes.com/shortsalelisting.htm.
For buyers, forget about being in a "buyer's
market" where you can offer a low ball price on a home.
Be prepared to compete for good properties. In many cases, you
will have to step up with a good, solid offer if you hope to get a
home. This is especially true for short sales and REOs (bank owned
homes).
Financial
report:
 |
On
The Cutting Edge of Creative Financing
Provided
to you Exclusively by Matthew A. Frey
|
Matthew A. Frey
Mortgage Professional
Bankers Funding Company
Cell: 949.632.5682
Email: Matthew.A.Frey@bankersfundingcompany.com |
|
|
PRICING
TODAY
PRICING
TODAY
|
|
FICO
720; LTV 75%
|
FICO
700; LTV 80%
|
|
30-year
Fixed
|
No
Points
|
1.0
Point
|
No
Points
|
1.0
Point
|
|
$0
to $417,000
|
5.250%
|
5.125%
|
5.500%
|
5.250%
|
|
$417,001
to $729,750
|
5.500%
|
5.250%
|
5.750%
|
5.375%
|
|
$729,751
and over *
|
6.375%
|
6.125%
|
N/A
|
N/A
|
|
5-year
IO ARM
|
No
Points
|
1.0
Point
|
No
Points
|
1.0
Point
|
|
$0
to $417,000
|
5.375%
|
4.125%
|
N/A
|
4.875%
|
|
$417,001
to $729,750
|
5.375%
|
4.375%
|
N/A
|
N/A
|
|
$729,751
and over *
|
5.500%
|
5.250%
|
N/A
|
N/A
|
|
|
30-year
|
5-year
|
|
FHA
|
No
Points
|
1.0
Point
|
No
Points
|
1.0
Point
|
|
$0
to $417,000
|
5.375%
|
5.125%
|
4.250%
|
3.875%
|
|
$417,001
to $729,750
|
5.625%
|
5.250%
|
4.250%
|
3.875%
|
|
|
|
|
|
|
|
Purchase
Transactions; 60-day Locks
|
|
|
|
|
Owner
Occupied; Full Documentation; IO= Interest Only
|
|
|
|
*
ALL Jumbo Loans in CA require 25% Down Payment and
Minimum 720 FICO
|
If
you have any questions or need scenario’s run please
call me!
Warmest
regards,
Matthew A. Frey
Bankers Funding Company
Cell: 949.632.5682
Email: Matthew.A.Frey@bankersfundingcompany.com
www.matthewfrey.com
|
Until next month....
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