Luis Cano's Monterey County Real Estate Blog

Las casas se estan vendiendo en grandes cantidades.
De acuerdo con la Asociacion Nacional de REALTORS®, los Estados Unidos esta en posicion de vender 4.68 Millones de casas este año. Eso pondria al 2009 como uno de los 5 mejores años en ventas en la historia de Estados Unidos. El Mercado indica que probablemente ya tocamos fondo.

Veamos la diferencia que hace solo el 1% en estos prestamos:

Prestamo Tipo de Prestamo Tasa de Interes Pago Mensual.
$250,000.00 30 Años Fijos 5% $1,342.05
$250,000.00 30 Años Fijos 6% $1,498.88
$250,000.00 30 Años Fijos 7% $1,663.25
El tiempo para comprar es hoy!

By following the link below you will find all recorded sales in Monterey County for The First, Second and Third quarters of 2009.

Click here to see report

The complexity of new home buyer tax credits leaves potential buyers with many questions. Here are answers to some of the most confusing:

How does a current home owner qualify for the $6,500 credit?
Buyers must have lived in their homes for at least five out of the last eight years. The home they buy must become their primary residence, but buyers don’t have to sell their previous home. They can use the previous home as a rental or a second home and still claim the credit.

Does the new home have to be more expensive than the one the buyer currently owns?
No. It is fine to use it to downsize. If the property sells for more than $800,000, the buyers don’t qualify.

Can buyers who are building a new home claim the credit?
Yes, although the contract must be in place by April 30 and the buyer must move in by July 1.

Can buyers claim the credit if they purchase a home from a relative?
No. The legislation prohibits taxpayers from claiming the credit if the sale is between “related parties,” including parent, grandparent, child, or grandchild.

Source: USA Today, Sandra Block (11/24/2009)

The $8,000 tax credit expires November 30Th.  Will it be extended? Probably! What if it wasn’t extended. Will you still buy a home? Prices are still low and so are interest rates.

La gente siempre esta preguntando, Como esta el Mercado? Mi respuesta seria… Cual Mercado? Si se trata del mercado de Bienes Raices, Tomemos en cuenta que cada Mercado es unico y diferente. Ya que tenemos el Mercado nacional, Estatal y Local. Entonces nos concentraremos en el Mercado local en el condado de Monterey. Especialmente cuando como Hispanos somos mas del 50%. En ciudades como Seaside, Salinas, Greenfield y Soledad el impacto ha sido mucho mas fuerte, comparado a las ciudades de Monterey, Carmel, Pacific Grove y Pebble Beach. Ya paso lo peor? Creo que hemos salido de lo peor, pero aun tenemos un camino no facil de recorrer al menos en el futuro cercano. Hemos sido golpeados fuerte pero seguimos de pie y venimos a este pais a trabajar duro. Hagamos un balance de donde venimos, Donde estamos y hacia donde vamos. Yo tengo la certeza que a fuerza de Trabajo, Honestidad y Humildad saldremos de esto mas pronto de lo que pensamos.

We have a total of 102 homes for sale at an average list price of $350,626. 31 active and 71 pending. 10 homes also sold this week and the average sales price was $305,625 with average days on the market at 42 days….This is a weekly report!

Five homes sold and 5 new listings is what this week left in Seaside. Average sales price was $239,600 and Average list price for all homes is $347,423. With 103 current listings… 31 active and 72 pending. Keep going….. This is a weekly report.

Average list price for all homes for sale in Seaside is $340,127. This week close with 6 homes sold at an average sale price of $383,000. Average days on the market is 126 days. Current inventory is 103 homes, 32 active and 71 pending.  Low inventory, Multiple offer is what we are seeing in Seaside. For sellers this could be the time to start getting their home ready for sale…

With the sale of Eight homes at an average sales price of $275,851. The average days on the market was 47 days. There are currently 101 total listings at an average list price of $346,495. Eight new homes entered the market as well..This is a weekly report! Until next week!.

What is going on in the market place this week in Seaside. A total of 102 homes for sales are currently listed for sale. 34 Active and  68 Pending. The average list price is $346,004 . Eleven homes were sold this week at an average sales price of $363,346 and the average days on the market is currently 94 days…This week 9 homes came on the market as new listings.. This is a weekly report.