There are currently 74 active listings in Blossom Valley ranging in price from $350,000-$925,000. The current median list price is $513,000. There are 78 pending sales in the last 30 days. List price range for pending sales is $329,900-$829,000. There were 73 closed sales in October. Last year at this time there were 234 active listings (down to 1/3 of that figure now)!! Also pending sales and closed sales are up 50%.
The condo/townhome market has 61 active listings. There are 60 pending sales in the last 30 days and 74 closed in October. Closed sales are up 50% over last year at this time. Last year there were also 179 listings (down to 1/3 of that figure)!!
It is so nice to see this area of the market improving so much! Find out more statistics at RealtyTimes
Borrowers hoping to refinance who do not have at least 20 percent equity in their homes may qualify for the Obama administration’s “Making Home Affordable” program. Through June 2010, borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac may be able to refinance for up to 105 percent of a home’s value.
Homeowners must be current on their mortgage payments and may qualify with credit scores as low as 620. Borrowers who do not meet the criteria for the refinance program may be eligible for another Obama administration plan that focuses on loan modifications. See www.makinghomeaffordable.gov.
On Thursday, April 2, 2009 the California Association of Realtors Housing Affordability Fund launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.
To qualify for the Mortgage Protection Program, applicants must: 1) Be a first-time home buyer – someone who has not owned a home in the last three years,
2) Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009,
3) Use a California REALTOR® in the tranaction,
4) Be a W-2 employee (cannot be self-employed)