Greater Whittier Area Real Estate Blog: June 2010

Yesterday, we took a look at active residential Whittier property listings and the sales in the past week. Today, I would like to focus on the current amount of Whittier Foreclosures and Whittier Short Sales that are on the market.

Let's take another look at the current active Whittier Home listings (Single Family Residences):

$0 - $200K:          3
$200K - $300K:    83
$300K - $400K:   113
$400K - $500K:    49 
$500K - $600K:    30
$600K - $700K:    24
$700K - $800K:     9
$800K - $900K:     5
$900K - $1mil :     2
$1mil - $1.1mil:    2
$1.1mil - $1.2mil: 6
$1.2mil - $1.3mil: 1
$1.3mil - $1.4mil: 2
$1.4mil - $1.5mil: 1
$1.5mil and up:    5

Now let's see what percentage of these listings are Whittier Short Sales and Whittier Foreclosures:

As indicated by this chart, Regular Sales make up the majority of current active Whittier Single Family Home listings (62%), followed by Short Sales (31%) and Foreclosures (7%).

In order to get a better idea of where the main problem areas are, I also did an anlysis by price range (see below).

Whittier Short Sales Percentage of active Single Family Residence listings:
$0 - $200K:          0%
$200K - $300K:    61%
$300K - $400K:    36%
$400K - $500K:    16% 
$500K - $600K:    10%
$600K - $700K:     4%
$700K - $800K:    11%
$800K - $900K:     0
$900K - $1mil :     0
$1mil - $1.1mil:    0
$1.1mil - $1.2mil: 0
$1.2mil - $1.3mil: 0
$1.3mil - $1.4mil: 0
$1.4mil - $1.5mil: 0
$1.5mil and up:    0

Whittier Foreclosures Percentage of active Single Family Residence listings:
$0 - $200K:         67%*
$200K - $300K:    13%
$300K - $400K:     7%
$400K - $500K:     4% 
$500K - $600K:     0%
$600K - $700K:     4%
$700K - $800K:     0%
$800K - $900K:     0
$900K - $1mil :     0
$1mil - $1.1mil:    0
$1.1mil - $1.2mil: 0
$1.2mil - $1.3mil: 0
$1.3mil - $1.4mil: 0
$1.4mil - $1.5mil: 0
$1.5mil and up:    20%*

*Note: Very small amount of listings in those price ranges (1 and 4 respectively) and only 2 and 1 Foreclosures respectively, so even though the percentage of foreclosures looks really high, the actual amount of foreclosures in those two price ranges is actually very low.

Compared to other cities across the Nation where Short Sales and Foreclosures dominate the Real Estate market, the majority of active Whittier Single Family Home listings are actually Regular ("Standard") Sales. The only two areas strongly affected by Short Sales (and to a lesser degree by Foreclosures) are the price ranges between $200,000 to $300,000 and $300,000 to $400,000.

What does it look like on the Whittier Condo side? Let's take another look at the current Whittier Condo listings (Whittier does not have very many condo complexes so the amount of condo listings is typically fairly small).

Active Whittier Condo Listings 06/28/10:
$0 - $200K:         20
$200K - $300K:    19
$300K - $400K:     6
$400K - $500K:     4

 As this chart clearly shows, there still are some issues with regards to Short Sales for Whittier Condos - Short Sales make up the majority (47%) of active Whittier Condo listings, however, followed by Regular listings at 39%, and only 14% of Bank Owned properties (Foreclosures).

This concludes today's Whittier Foreclosure and Short Sale snapshot. Questions? Don't hesitate to contact us! Want to learn more about Whittier, Whittier neighborhoods, Whittier schools, and Whittier parks? Looking for a home in Whittier? Start your Whittier home search here! Thinking about selling your Whittier home or maybe relocating to Whittier? You will find everything on our state-of-the-art website!

Thanks so much for visiting our Whittier area Real Estate blog! Stay tuned for more Greater Whittier Area Real Estate updates!

Please tell your friends and family about us and subscribe to our RSS feed so you will never miss a new blog. Our business greatly depends on referrals and any referral is truly appreciated. Thank you.

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458
Your Whittier Realtor (and surrounding areas)

Shirley Williams
Realtor, SFR, SRES
DRE 01456658
Your West Covina Realtor (and surrounding areas)

Main Street Realtors

SEARCH FOR WHITTIER HOMES HERE!

A new week, a new overview of Whittier Homes for sale! Last week (06/21/10), there were 390 active Residential Property Listings in Whittier, 343 of them were for Whittier Single Family Homes, 47 of them for Whittier Condos. What does it look like this week?

Today, 06/28/10, there are 386 active residential property listings in Whittier - 336 Single Family Homes  and 48 Whittier Condos. In addition to the active listings, there are 102 Whittier Single Family Homes in Back-up Offer Status, and 211 Whittier Homes are in Pending Status, and 13 Whittier Condos are in Back-up Offer Status, 33 are Pending Sale.

Active Whittier Single Family Homes for sale by price range (compared to 06/21/10):

$0 - $200K:          3 (no change)
$200K - $300K:    83 (up 4)
$300K - $400K:   113 (down 6)
$400K - $500K:    49 (down 9)
$500K - $600K:    30 (no change)
$600K - $700K:    24 (no change)
$700K - $800K:     9 (no change)
$800K - $900K:     5 (no change)
$900K - $1mil :     2 (no change)
$1mil - $1.1mil:    2 (no change)
$1.1mil - $1.2mil: 6 (up 1)
$1.2mil - $1.3mil: 1 (no change)
$1.3mil - $1.4mil: 2 (no change)
$1.4mil - $1.5mil: 1 (down 1)
$1.5mil and up:    5 (down 1)

Active Whittier Condos for Sale by price range (compared to 06/21/10:

$0 - $200K:          20 (up 1)
$200K - $300K:     18 (up 1)
$300K - $400K:      6 (up 1)
$400K - $500K:      4 (down 1)
$500K - $600K:      0
$600K - $700K:      0
$700K - $800K:      0
$800K - $900K:      0
$900K - $1mil :      0
$1mil - $1.1mil:     0
$1.1mil - $1.2mil:  0
$1.2mil - $1.3mil:  0
$1.3mil - $1.4mil:  0
$1.4mil - $1.5mil:  0
$1.5mil and up:     0

 There were a total of 15 Whittier Homes last week that successfully closed Escrow, the lowest being a lender owned Single Family Residence at $246,000 ($191.29 per sqft, Days on Market 32), the highest a standard sale at $769,000 ($237.71 per sqft, Days on Market 57). Of the 15 homes that sold between 06/21/10 and 06/28/10, only 1 was a Short Sale, 3 were lender owned properties (REOs), and the remaining 11 were regular sales.

This concludes our weekly Whittier Real Estate snapshot. Questions? Don't hesitate to contact us! Want to learn more about Whittier, Whittier neighborhoods, Whittier schools, and Whittier parks? Looking for a home in Whittier? Start your Whittier home search here! Thinking about selling your Whittier home or maybe relocating to Whittier? You will find everything on our state-of-the-art website!

Thanks so much for visiting our Whittier area Real Estate blog! Stay tuned for more Greater Whittier Area Real Estate updates!

Please tell your friends and family about us and subscribe to our RSS feed so you will never miss a new blog. Our business greatly depends on referrals and any referral is truly appreciated. Thank you.

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458
Your Realtor for Whittier (and surrounding areas)

Shirley Williams
Realtor, SFR, SRES
DRE 01456658
Your Realtor for West Covina (and surrounding areas)

Main Street Realtors

Today, we attended the Whittier "State of the City Address" and it was very informative as well as entertaining. Retiring City Manager, Steve Helvey, gave an easy to follow, almost 2-hour presentation of all matters concerning Whittier and its residents.

Mayor Nordbak and Whittier City Manager, Steve Helvey

As many other cities across the country, the City of Whittier has seen better days, so saving and redestributing and restructuring assets was a big task for the Councilmen to get the new budget passed (for more information on the budget, check out today's article in the Whittier Daily News).

After a quick review of the Deficit Resolution, City Manager Helvey went on to talk about the Whittier Police Department and gave an update on the new PD building (next to City Hall). The estimated completion will be August of 2010 with an estimated move-in date of September and a dedication in October of 2010. Helvey was pleased to announce that the construction of the new building was funded without an increase in taxes. The new building will be significantly larger - 55,000sqft compared to the current PD building with only 17,000sqft (which currently serves 125 officers, but it was initially built for a 20-officer strong police force in 1955).
The new PD site was built according to new seismic safety requirements and will also feature a large community room to hold crime prevention seminars and meetings with the community. Helvey was also proud to announce that the new PD building will have its own state-of-the-art Crime Scene Investigation and Forensic lab for evidence processing.
As a Thank You to all current and former Whittier Police Officers, there will be a permanent Memorial Site featuring a statue titeled "The Final Salute" by artist Alana Roth. The planning and fundraising for this Memorial are currently under way - if you would like to make a donation, please feel free to contact the Whittier Community Foundation.
According to the latest numbers, Part 1 crimes (robbery, retail burglary, etc.) are down 2% since last year. The Whittier PD also added a great feature to their website, an interactive crime map - as Helvey put it "you'll either like it or be really freaked out by it". All you need to do is enter the ZIP code you are interested in and it will show you recent crimes in the area.
As with many departments, Whittier PD will also be affected by some changes due to the new budget - this will include a change of shifts (moving everybody to 12 hour shifts in order to eliminate shift overlaps) and the elimination of the Uptown Bike Patrol (part of the funds will probably be allocated to hire private security for Uptown).

Moving on from the update of the Whittier PD, Whittier City Manager Helvey addressed Community Services and Programs designed to benefit all Whittier residents, such as the "Art in Public Places" program (with its latest addition "Rocket Robin" at Parnell Park - which, by the way, is not meant to be a climbing toy for children :-), the Whittier Community Services Recreation Programs (click here to check out the latest schedule) and the relativle new Program "Activate Whittier" which was created to motivate and support a healthy community.
Another big community favorite mentioned was the popular Greenway Trail (which has won the California Park and Recreation Society Award of Excellence for "Specialty Parks" in March of 2010 as well as the "California Trails and Greenways Award" from the State Parks Department in April of 2010) and its recent addition of the "Sycamore Station" memorial near the Five-Points intersection. And the best part: the City is working hard on expanding the Greenway Trail to both the West (past the 605 to connect to the San Gabriel Riverbed area) and the East of Whittier (towards La Habra).

Whittier Greenway Trail

Other Whittier Programs and Projects City Manager Helvey mentioned were:
- Honoring our Military Members Past and Present (with 76 Blue Star and 3 Gold Star recipients)
- The Central Library's 50th Anniversary (June 1, 2009)  and the restoration of the library closures
- The Summer Reading Program at Leffingwell Park
- The planned City Website Redesign
- The Bus Stop Improvement Project
- The Metro Gold Line Eastside Extension

Of particular interest to our local businesses was the "Business Assistance" which included programs such as the Commercial Facade Improvement Program, the Etching Shield Program, Business Assistance Seminars, the temporary banner permit fee reduction, amongst others.

City Manager Helvey also addressed the Redevelopment Funds which were raided by the State and resulted in a decrease of available funds for Whittier of $3mil which will affect funding of future projects. In order to keep this from happening again, a new proposition will be on the next ballot to prevent the State from taking more money from municipalities.

Helvey continued with an update on the Nelles site - the State is currently negotiating with Brookfield Homes on the sale of the property. This large project will most likely include a mix of retail and housing, intended to meet the City's $1.5mil to $2mil per year sales tax revenue goal for this particular site. Project approval is estimated to take between 12 to 18 months.

Other Real Estate and Business related issues were the PIH Ernest D. Wells Medical Office, the PIH Plaza Tower, the PIH office building in Uptown Whittier, the Uptown Parking District Study, the Whittier College pool remodel, the recently sold Chrysler site, the newly opened Fresh & Easy, the Whittier Area Community Church, the former Stats site (where the new Sprouts Market is supposed to up), The Ravello Development (by the Whittwood Town Center) and The Gables of Whittier (on Whittier Boulevard) and the Water Pumping Plant II (also off of Whittier Boulevard).

City Manager Steve Helvey during the "State of the City" presentation

Other projects mentioned were the Whittier Boulevard Power Line Undergrounding and Street Lighting Project (between Santa Gertrudes and Valley Home), the Southern California Edison line extension (from their substation in Pico Rivera into Whittier), Street Paving and Energy projects funded by ARRA Grants (American Recovery and Reinvestment Act of 2009 from the Federal Economic Stimulus Package), Sewer Pipe Inspections, as well as several other Public Works Projects that were completed in the past year.

Another big part of the presentation was the Whittier Main Oil Field Development Project that has been under way since August of 2008. The next step will be another Environmental Impact Report which is expected to be ready towards the end of 2010. Whether you are for or against the project, Helvey pointed out the EIR Public Input Opportunities where the residents can attend public hearings.

A big Thank You to the City of Whittier for this very informative overview of City matters and to Whittier Chamber of Commerce of helped put on the event.

I hope you enjoyed our overview of today's Whittier State of the City Address.

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors

Thank you for your referrals!

San Marino is without a doubt one of the most beautiful cities in the San Gabriel Valley. Once you are there, it is hard to believe Los Angeles is only about 12 miles away. Besides all of the beautiful homes, one of its major jewels is the Huntington Library with its lush gardens and beautiful art exhibits - the perfect weekend destination to go for a walk, relax or take some nice photos.

One of my personal favorites is the gorgeous Japanese Garden - a true sanctuary, just spending some time here will melt away the stress of daily life:

Japanese Garden, Huntington Library, San Marino

Japanese Garden, Huntington Library, San Marino

Another wonderful example of Landscaping Art is the gorgeous Chinese Garden - the largest Chinese Garden outside of China. Enjoy the beautiful pagodas, the traditional Chinese bridges, watch the numerous Koi or grab a bite to eat at the small Chinese restaurant located adjacent to the Japanese Garden:

Chinese Garden, Huntington Library, San Marino

Chinese Garden, Huntington Library, San Marino

If you like the sound of water, then the Tropical Garden is the one for you: lush plants, exotic flowers, enormous trees, and a beautiful waterfall - it truly feels like you are in a jungle.

Tropical Garden, Huntington Library, San Marino

Another wonderful area in the Huntington Library are the lily ponds - and June is the perfect time to go visit them, most of the lilies are in full bloom, simply spectacular!

Lily Ponds at the Huntington Library, San Marino

Lily Ponds at the Huntington Library, San Marino

 Besides an Australian Garden, a Fruit Garden, a Conservatory (which has a spectacular display of Orchids and subtropical plants), there is also a desert garden - and it is amazing! As with the lily ponds, June is a perfect time to go see it, many of the various cacti are in bloom and simply stunning!

Desert Garden, Huntington Library, San Marino

Desert Garden, Huntington Library, San Marino

 And last but not least the gorgeous Rose Garden (definitely try the Tea Room if you have enough time!): 

Rose Garden, Huntington Library, San Marino

I hope you enjoyed my little tour through the Huntington Library. I will be uploading many more photos for everybody's enjoyment soon on my other website, so keep checking in.

In case you are interested in San Marino Homes and San Marino Real Estate, I would love to show you properties in this beautiful city. There are currently 42 homes for sale in San Marino, ranging from $899,000 to $15,800,000 and they are all truly stunning! To see all current San Marino homes for sale, just click here or contact us so that we can email you a list of all available properties. Want a market report for San Marino? No problem either, just send us an email and we will get it to.

Thanks so much for visiting our Real Estate blog and stay tuned for more great Real Estate updates! Our business greatly depends on referrals so if you like us, please tell your friends and family about us, it is truly appreciated. 

Warm regards,
Stephanie

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors

Thank you for your referrals!

Are you interested in Whittier Foreclosures and how things have developed with regards to Foreclosures in this city? Are there more now than there were a couple of months ago? What seems to be the trend? Let's take a look:

Current Active Whittier Residential Propery Listings:   386
- Active Standard Listings:                                                 230
- Active Short Sale Listings:                                               121
- Active REO (foreclosure) Listings:                               35

In order to get a better understanding of Whittier Foreclosures, we need to take a look at the sales history (in order to give you a good idea what has happened in Whittier with regards to Foreclosures, I compiled REO sales figures all the way back to January of 2007):

While the number of REO sales is a good indicator of what has been happening in the Whittier Real Estate market, the most accurate and reliable data is the one looking at the Foreclosures as a Percentage of the total sales (as overall sales numbers change by month and can scew the the figures).

The chart below shows the Percentage of Foreclosures of Whittier Residential Property Sales, from January 2007 through May 2010:

This graph clearly shows a spike in Whittier Foreclosure sales in January of 2009 at 44% of the total sales. Since then, even though there have been ups and downs, there seems to be a declining trend in the percentage of Foreclosure sales in Whittier.

The month of June is not yet over, and right now the percentage of Foreclosure sales in Whittier is at 18% of the total sales volume for this month. I will be checking the numbers again at the end of the month and will update you on the final percentage.

If you are interested in Whittier Foreclosures and would like a list of all current Whittier Foreclosure listings, please just contact us so that we can email you a complete list or go directly to our property search and choose "Foreclosure/REO" in the "Select and additional criteria" menu.

If you are a homeowner who wants to avoid foreclosure, please visit our Distressed Homeowner Resource Center or contact us directly with any questions you might have.

Thanks so much for visiting our Real Estate blog and stay tuned for more great Real Estate updates! Our business greatly depends on referrals so if you like us, please tell your friends and family about us, it is truly appreciated. 

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors

Thank you for your referrals!

SEARCH FOR HOMES HERE!!!

Driving through Friendly Hills feels a little bit like driving through a beautiful country setting - lush, green landscaping, large front yards, beautiful homes, winding roads at times, just a very serene setting. As all other parts of Whittier, Friendly Hills has also seen a change in property prices, and this blog will focus on price changes, days on market and sales history in this particular part of town.

Currently, there are 28 active Single Family Homes for sale in Friendly Hills - ranging from $499,000 ($340.15 per sqft) to $2,200,000 ($415.02 per sqft). The days on market range from 2 days to 591 days.

Friendly Hills Homes for Sale (status June 23, 2010)
Total active Friendly Hills Homes for Sale:                    28
Total Friendly Hills Homes in Back-up offer status:          2
Total Friendly Hills Homes in Pending status:                 6

Property prices have dropped in the Friendly Hills area of Whittier but compared to many other parts of town (and other cities), there were very few Short Sales and REOs. How did the decrease in property values effect Friendly Hills homes?

Even though an average sales price is an interesting number, however, it is not suitable to detect a trend - the reason why is because sales volume in Friendly Hills is typically not very high, so the lack of data may scue the numbers. For example, in one given month there might only be one sale, let's say the house sold for $2mil. The next month, there is also just one sale, this time, a property sells for $650,000. Does this mean property prices dropped dramatically? No, the second home that sold was probably a lot smaller ... A better indicator of true value in this case would be the average price per square foot. In order to really see a trend, I have compiled sales numbers for Friendly Hills homes from January 2007 through May 2010, and here is the result:

Friendly Hills Sales History, Price per Square Foot

The tallest spike was in March of 2007 at $584, however, this number is based on only one sale in that month. A more accurate figure would be the one for August of 2007, with 6 sales, at $391 per sqft. The current average price per square foot (for the month of May 2010) is $273 ($317 for April 2010).

As you can see in this graph, there are up and down months, but the trend since January 2007 has been an overall moderate (compared to other areas and cities) decrease in the price per sqft, so purchasing a home in the Friendly Hills area appears to be a solid investment.

Would you like to know more about Friendly Hills Homes and Friendly Hills Homes for sale? Please feel free to contact us and request a FREE list of all current Friendly Hills home listings, without any obligation.

Want to learn more about Whittier, Whittier neighborhoods, Whittier schools, and Whittier parks? Looking for a home in Whittier? Start your Whittier home search here! Thinking about selling your Whittier home or maybe relocating to Whittier? You will find everything on our state-of-the-art website!

Thanks so much for visiting our Whittier area Real Estate blog! Stay tuned for more Greater Whittier Area Real Estate updates! Our business greatly depends on referrals so if you like us, please tell your friends and family about us, it is truly appreciated. 

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors

If you are one of the parents whose son or daughter have been accepted to Fullerton College but don't live in the area, you are probably wondering right about now where your child will be staying while attending College.

Even just two years ago, the automatic answer would have been "Well, we will find a rental for them" but today, that answer might be very different. Property prices have dropped dramatically and interest rates are still extremely low - it might be a very good time for you to get your foot in the door for an investment property. True, your own child will only stay at Fullerton College for a certain amount of time, which is when you will be paying the mortgage (instead of paying for the rent). BUT once your child finishes at Fullerton College, you can rent out the property and then somebody else will be paying your mortgage while you sit back and watch your equity increase.

Whether you buy a Fullerton Condo or a Fullerton Single Family Home depends on what your plans are. If you purchase a Single Family Home, which will typically have at least 2 bedrooms, the spare bedroom(s) could be rented out and your son/daughter could have a room mate (which will help you pay the mortgage now rather than later). The initial investment on a Fullerton Condo might be lower than on a Fullerton Single Family home, however, you also have to figure in the HOA dues over the years. Both property types have their pros and cons.

The lowest priced Fullerton Condos already start at about $100,000! Do the math - as an investment property with 20% down, your mortgage payments might very well be as low as a rental payment! Here's a free Mortgage Calculator tool to help you:

Mortgage Calculator

To give you a better idea of what's currently available, here are the Fullerton Condos for sale by price range:

$0 - $100K:           6 (4 of them are in a Senior Complex)
$100K - $150K:     13
$150K - $200K:      7
$200K - $300K:     22
$300K - $400K:     20
$400K - $500K:     13
$500K - $600K:      8
$600K and up:       0    

START YOUR FULLERTON CONDO SEARCH HERE!

As far as Fullerton Homes for sale go, here is a detailed summary by price range for active Single Family Home Listings:

$0 - $200K:           3
$200K - $300K:     25
$300K - $400K:     58
$400K - $500K:     36
$500K - $600K:     31
$600K - $700K:     54
$700K - $800K:     48
$800K - $900K:     32
$900K - $1mil:      10
$1mil - $1.1mil:      6
$1.1mil - $1.2mil:   8
$1.2mil - $1.3mil:   4
$1.3mil - $1.4mil:   3
$1.4mil - $1.5mil:   0
$1.5mil and more:  8

 START YOUR FULLERTON HOME SEARCH HERE!

I hope you found the information we provided helpful. Questions? Please don't hesitate to contact us!

Thanks so much for visiting our Real Estate blog and stay tuned for more great Real Estate updates! Our business greatly depends on referrals so if you like us, please tell your friends and family about us, it is truly appreciated. 

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors

Thank you for your referrals!

Short Sale and Foreclosure Resource Certified (SFR)
Stephanie Frymyer and Shirley Williams
Your Short Sale and Foreclosure Specialists

Are you having problems making your monthly mortgage payments? You are not alone - many Americans are facing the same problem and are faced with one or more of these difficulties:

- Jobloss, business failure or decrease in income

- Personal problems, such as death of a spouse or divorce, forcing you to sell your home, but there is not enough equity

- Health problems that resulted in major debt

- Relocation, forcing you to sell your home, but there is not enough equity

- Increase in mortgage payments

- You are already in default and are facing foreclosure

- You are experiencing another form of hardship.

If this sounds like what you are going through, don't try to hide from the problem, it won't go away, and there is help out there for you.

We are Short Sale and Foreclosure Certified (SFR, the only Certification acknowledged by the National Association of Realtors). Our main goal is to help you stay in your home! We offer FREE consultations and have compiled a list of government programs (like HAFA and HAMP) and non-profit services that are at your disposal free of charge.

In the sad event that you do not qualify for any of the government programs or your bank does not approve a loan modification, again, foreclosure is not your only option! Your other option is a Short Sale which we can help you with. What is the difference for you? A foreclosure can lower your credit score by 200 points and more! AND a foreclosure remains a public record and on your credit history for 7 years.

Short Sales are different. There are different ways of reporting a short sale and how it will affect your credit score. The lender can report the short sale as:

1. Paid in full - which would be "paid as agreed", however, this is very rare
2. Paid - settled
3. Paid - unrated

In addition, if the owner of a Short Sale property is current with their payments, a Short Sale may only lower the score by 50 points.

We understand what you are going through, being faced with personal and financial problems is a big burden, but ignoring the problem will not make it go away. We are licensed Realtors and will do anything in our power to help you. If a Short Sale is a feasible solution to your problem, we can help you sell your home in a timely manner. As with our regular sellers, we offer FREE STAGING with our listing of an occupied home, we will take professional quality photos and market your home to the same standard as a regular sale. You might think "Why would I care, I'm selling it!" and the answer is this: you should care how your home is marketed because if it is marketed in the right way with a fair price, it will attract potential buyers fast, and the faster you will sell your home, the sooner you will see an end to your problem.

Whatever your situation is, we are here to help you, so call us today so we can solve your problem together, you are not alone.

For questions or to schedule a free and non-binding consultation, please feel free to call us 310-308-6107 or 562-355-8120, or email us with any questions you might have.

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors
DRE # 01157065

SEARCH FOR HOMES HERE!!!

It's Tuesday again and time for our weekly "West Covina Homes for Sale" snapshot.

As of today, there are a total of 248 active residential property listings in West Covina - 202 Single Family Homes, 46 Condos.

Homes for Sale in West Covina
Total Homes for Sale: 202
Lowest Price: $188,000
Highest Price: $1,988,888
Short Sale Listings: 70
Bank Owned Listings: 17

Condos for Sale in West Covina
Total Condos for Sale: 46
Lowest Price: $149,900
Highest Price: $488,000
Short Sale Listings: 24
Bank Owned Listings: 8

Let's take a look at West Covina Homes and Condos for Sale by Price Range (compared to figures taken 06/10/10).

West Covina Homes For Sale by Price Range
$0 - $200K:           1 (no change)
$200K - $300K:     12 (down 1)
$300K - $400K:     94 (up 4)
$400K - $500K:     36 (up 6)
$500K - $600K:     9 (down 2)
$600K - $700K:     18 (down 1)
$700K - $800K:     6 (no change)
$800K - $900K:     5 (up 1)
$900K - $1mil:      5 (up 1)
$1mil - $1.1mil:     0 (no change)
$1.1mil - $1.2mil:  3 (no change)
$1.2mil - $1.3mil:  3 (no change)
$1.3mil - $1.4mil:  3 (no change)
$1.4mil - $1.5mil:  1 (no change)
$1.5mil and more: 6 (no change)

West Covina Condos For Sale by Price Range
$0 - $200K:          18 (up 3)
$200K - $300K:     21 (down 6)
$300K - $400K:     3 (down 1)
$400K - $500K:     4 (up 1)
$500K - $600K:     0 (no change)
$600K - $700K:     0 (no change)
$700K - $800K:     0 (no change)
$800K - $900K:     0 (no change)
$900K - $1mil:      0 (no change)
$1mil - $1.1mil:     0 (no change)
$1.1mil - $1.2mil:  0 (no change)
$1.2mil - $1.3mil:  0 (no change)
$1.3mil - $1.4mil:  0 (no change)
$1.4mil - $1.5mil:  0 (no change)
$1.5mil and more: 0 (no change)

So far in June, a total of 45 residential properties have been sold in West Covina. The lowest priced one of these was a bank-owned Condo for $165,000 ($232.39 per sqft, total days on market until opening Escrow was 216 days), the highest priced property was a beautiful Single Family Home with a pool (standard sale) that sold for $890,000 ($246.88per sqft, 4 days on the market before opening Escrow).

This concludes our weekly West Covina Real Estate Snapshot. Questions? Don't hesitate to contact us! Want to learn more about West Covina, West Covina neighborhoods, West Covina schools or West Covina Services? Looking for a home in West Covina? Start your West Covina home search here! Thinking about selling your West Covina home or maybe relocating to West Covina? You will find everything you need on our state-of-the-art website.

Thanks so much for visiting our Real Estate blog and stay tuned for more great Real Estate updates! Our business greatly depends on referrals so if you like us, please tell your friends and family about us, it is truly appreciated. 

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors

Thank you for your referrals!

It is Monday again and time for our weekly "Whittier Homes for Sale Snapshot".

As of 06/21/10, there are a total of 390 Active residential listings in Whittier. Of those, 343 listings are for Whittier Single Family Homes (up from 338 on 06/07/10), 47 are Whittier Condos (up 5 as well from 06/07/10). There are a total of 113 residential properties in Back-up offer status (100 Whittier Single Family Homes, 13 Whittier Condos), and 243 Whittier properties are Pending Sale (212 Single Family Residences, 31 Condos).

Active Whittier Single Family Homes for sale by price range:

$0 - $200K:          3 (up 1 from 06/07/10)
$200K - $300K:    79 (up 10)
$300K - $400K:   119 (down 1)
$400K - $500K:    58 (down 3)
$500K - $600K:    30 (down 6)
$600K - $700K:    24 (up 4)
$700K - $800K:     9 (no change)
$800K - $900K:     5 (up 2)
$900K - $1mil :     2 (down 2)
$1mil - $1.1mil:    2 (no change)
$1.1mil - $1.2mil: 5 (no change)
$1.2mil - $1.3mil: 1 (down 1)
$1.3mil - $1.4mil: 2 (no change)
$1.4mil - $1.5mil: 1 (up 1)
$1.5mil and up:    6 (no change)

Active Whittier Condos for Sale by price range:

$0 - $200K:          19
$200K - $300K:     18
$300K - $400K:      5
$400K - $500K:      5
$500K - $600K:      0
$600K - $700K:      0
$700K - $800K:      0
$800K - $900K:      0
$900K - $1mil :      0
$1mil - $1.1mil:     0
$1.1mil - $1.2mil:  0
$1.2mil - $1.3mil:  0
$1.3mil - $1.4mil:  0
$1.4mil - $1.5mil:  0
$1.5mil and up:     0

 After taking a look at all active Whittier property listings, let's see how many Short Sales and Bank Owned properties are currently listed for sale in Whittier (active listings):

Total Short Sales in Whittier (active listings): 124

Total Short Sale Single Family Homes listings: 103
Highest Price: $615,000
Lowest Price: $208,000

Total Short Sale Condo listings: 21
Highest Price: $279,500
Lowest Price: $120,000

Total Bank Owned Properties in Whittier (active listings): 34

Total Bank Owned Single Family Homes listings: 26
Highest Price: $1,689,900
Lowest Price: $144,900

Total Bank Owned Condo listings: 8
Highest Price: $416,800
Lowest Price: $189,000  

So far in June, a total of 72 residential properties have been sold in Whittier. The lowest priced one of these was a bank-owned Condo for $175,000 ($183.44 per sqft, total days on market until opening Escrow was 32 days), the highest priced property was a Single Family Home (standard sale) in the Friendly Hills area of Whittier that sold for $720,000 ($349.47 per sqft, 113 days on the market before opening Escrow).

This concludes our weekly Whittier Real Estate snapshot. Questions? Don't hesitate to contact us! Want to learn more about Whittier, Whittier neighborhoods, Whittier schools, and Whittier parks? Looking for a home in Whittier? Start your Whittier home search here! Thinking about selling your Whittier home or maybe relocating to Whittier? You will find everything on our state-of-the-art website!

Thanks so much for visiting our Whittier area Real Estate blog! Stay tuned for more Greater Whittier Area Real Estate updates! 

Warm regards,
Stephanie & Shirley

Stephanie Frymyer & Shirley Williams
The S & S Team
"Your Local Property Pros"
562-355-8120 & 310-308-6107
DRE# 01390458 & DRE# 01456658
http://yourlocalpropertypro.com/

Stephanie Frymyer
Realtor, SFR, ABR, SRES
DRE 01390458

Shirley Williams
Realtor, SFR, SRES
DRE 01456658

Main Street Realtors