LA Real Estate Newsletter Spring 2013
4
WANT TO KEEP UPDATED WITH WHAT’S GOING ON WITH THE HOMES AND LIFESTYLE OF PASADENA AND LOS ANGELES COUNTY? LOS ANGELES COUNTY WWW.LAHOMESANDLIFESTYLE.COM PASADENA WWW.PASADENAHOMESANDLIFESTYLE.COM SELLING REAL ESTATE SINCE 2003 RAMIRO & ERICA RIVAS 626-497-4606 [email protected] JOHN AAROE GROUP WANT YOUR HOME SOLD? We have advanced marketing techniques that will give your home a competitive edge to get it sold fast. THINKING OF BUYING? Considering buying while interest rates are low? We specialize in negotiating our buyers the best offer. WE REPRESENT: ◊ Selling of Architecturally significant homes ◊ Selling of single family homes/ condos/lofts ◊ Buyer Representation ◊ Short Sale negotiation ◊ Leasing ◊ Commercial/Investment properties THE REAL ESTATE RAMIROANDERICA.COM HOME PRICES HIT SIX YEAR HIGH SPRING 2013 U.S. home prices jumped by the most in 6 years this December. The last time prices jumped this much was in August 2006, when the housing bubble was still inflating. The recent incline in home sales has been primarily due to a low supply of available homes and a rising demand. An increase in housing prices have also been helped by other different factors in recent months, including increased sales of both new homes and previously-owned houses, a drop in foreclosures, and near record low mortgage rates. Prices rose last year in 46 of 50 states. Steady increases in prices are helping fuel the housing recovery. They're encourag- ing some people to sell homes and enticing would-be buyers to purchase homes before prices rise further. Most economists expect prices to keep rising this year. Sales of previously occupied homes reached their highest level in five years for the 2012 year and will likely keep growing. Homebuilders, encouraged by rising interest from customers, broke ground on the most new homes and apartments in four years last year, which is also boosting job creation. Construction companies have added 98,000 jobs in the past four months, the best hiring spree since the bubble burst in 2006.
-
Upload
ramiro-erica-rivas -
Category
Documents
-
view
221 -
download
5
description
LA Homes and Lifestyle
Transcript of LA Real Estate Newsletter Spring 2013
WANT TO KEEP UPDATED WITH WHAT’S GOING ON WITH THE HOMES AND LIFESTYLE OF PASADENA AND LOS ANGELES COUNTY?
LOS ANGELES COUNTY WWW.LAHOMESANDLIFESTYLE.COM
PASADENA WWW.PASADENAHOMESANDLIFESTYLE.COM
*********ECRWSSEDDM****
Postal Customer
City, State 5-Digit ZIP Code
RIVAS & ASSOCIATES JOHN AAROE GROUP BEVERLY HILLS | SHERMAN OAKS | SUNSET STRIP | PASADENA | DOWNTOWN
Join us on facebook
Facebook.com/RivasAndAssociates
Visit our real estate channel
Youtube.com/RivasAndAssociates
RAMIRO & ERICA ARE SUPPORTERS OF THE PASADENA HUMANE SOCIETY & ASPCA
The Pasadena Humane Society & SPCA is a non-profit organization that is dedicated to protecting the welfare of all domestic and non-domestic animals . 626-792-7151 . www.PasadenaHumane.org
The most common breed of dog at the Pasadena Hu-
mane Society is the Chihuahua, which at times makes up
as much as 40% of the dog population. To help reach
their goal of zero euthanasia of adoptable animals, PHS
now offers spay/neuter for Chihuahuas in their service
cities at no charge.
RAMIRO & ERICA RIVAS
JOHN AAROE GROUP
42 S. PASADENA AVE.
PASADENA, CA 91105 SELLING REAL ESTATE
SINCE 2003
RAMIRO & ERICA RIVAS
626-497-4606 [email protected]
JOHN AAROE GROUP
WANT YOUR HOME SOLD?
We have advanced marketing
techniques that will give your
home a competitive edge to
get it sold fast.
THINKING OF BUYING?
Considering buying while
interest rates are low?
We specialize in negotiating our
buyers the best offer.
WE REPRESENT:
◊ Selling of Architecturally
significant homes
◊ Selling of single family homes/
condos/lofts
◊ Buyer Representation
◊ Short Sale negotiation
◊ Leasing
◊ Commercial/Investment properties
THE REAL ESTATE
RAMIROANDERICA.COM
HOME PRICES HIT SIX YEAR HIGH
HOMES LISTED & SOLD BY
RAMIRO & ERICA . JOHN AAROE GROUP . INFO@RAMIROANDERICA .COM . 626-497-4606
SPRING 2013
111 S. DELACEY ST #318, PASADENA SOLD $470,000 762 N. MAR VISTA, PASADENA SOLD $825,000
U.S. home prices jumped by the most in 6 years this December. The last time prices
jumped this much was in August 2006, when the housing bubble was still inflating.
The recent incline in home sales has been primarily due to a low supply of available
homes and a rising demand. An increase in housing prices have also been helped
by other different factors in recent months, including increased sales of both new
homes and previously-owned houses, a drop in foreclosures, and near record low
mortgage rates. Prices rose last year in 46 of 50 states.
Steady increases in prices are helping fuel the housing recovery. They're encourag-
ing some people to sell homes and enticing would-be buyers to purchase homes
before prices rise further.
Most economists expect prices to keep rising this year. Sales of previously occupied
homes reached their highest level in five years for the 2012 year and will likely
keep growing.
Homebuilders, encouraged by rising interest from customers, broke ground on the
most new homes and apartments in four years last year, which is also boosting job
creation. Construction companies have added 98,000 jobs in the past four months,
the best hiring spree since the bubble burst in 2006.
70 N. CATALINA AVE, PASADENA SOLD $385,000 146 E. HARRIET ST, ALTADENA SOLD $385,000
THE REAL ESTATE RESOURCE ◊ RIVAS & ASSOCIATES ◊ SPRING 2013
PAST
RESIDENTIAL
SALES
PASADENA
ALTADENA
SOUTH PASADENA PRODUCT INTEREST RATE APR
30-YEAR FIXED 3.750% 3.925%
30-YEAR FIXED FHA 3.625% 4.686%
15-YEAR FIXED 2.875% 3.182%
5-YEAR ARM 2.250% 2.908%
JUMBO LOANS
30-YEAR FIXED 4.00% 4.130%
5-YEAR ARM 2.375% 2.907%
CURRENT MORTGAGE INTEREST RATES *rates as of 3/12/13
SPRING EVENTS
HOME BUYERS: DON’T LOWER YOUR STANDARDS BECAUSE HOMES ARE SCARCE
PASADENA HUMANE SOCIETY $20 MILLION
ANIMAL CARE CAMPUS UNDER CONSTRUCTION
CHERRY BLOSSOM FESTIVAL OF SOUTHERN CALIFORNIA
Little Tokyo District. Between Alameda and St. Pedro street, Los Angeles, 90013. 626-683-8243
This free event promotes and educates the culture of Americans of Japanese ancestry and the
Japanese culture through the celebration of cherry blossoms. The festival will feature a kimono
fashion show, traditional Japanese crafts and a Kids Zone which includes kids’ crafts and story-
telling
ARCADIA ESTATE TO BE 2013 SHOWCASE HOUSE OF DESIGN
WWW.SHOWCASE.ORG
The 2013 Pasadena Showcase House of Design will be held April 21-May 19, 2013. Tuesday, Saturday and Sunday 9-5:00pm | Wed, Thur, & Friday 9am-9:00pm
Established in 1903, the Pasadena Humane Society & SPCA is a non-profit organization that is dedicated to protect-
ing the welfare of all domestic and non-domestic animals. Some of the services that the Humane Society provides
include animal control, investigation of animal neglect and cruelty, adoptions, pet behavior training classes, and hu-
mane education.
The kennels and administration building for the Pasadena Humane society’s location on Raymond was originally
built in 1920’s and 1930’s. With donation support the facility was rebuilt in 1994, making it a very pleasant and
positive environment for visitors and staff. The clean and modern facilities allow the shelter animals to live stress
free so they may easily recover from the
circumstances from which they came, or
to remain adorable and adoptable.
Future goals for the humane society in-
clude zero euthanasia for population
control. Although not perfect, The Pasa-
dena Humane society has a high suc-
cess rate for their shelter animals, with
95-98% of adoptable animals finding a
home.
For more information about the Pasa-
dena humane society and spca visit:
www.pasadenahumane.org
In low-inventory markets that are now common in many areas of the country,
buyers might be prone to jump at a listing they wouldn't even consider if there
were a lot of homes for sale.
This desperate approach to homebuying could cause you problems down the
line when you need to sell and you realize you paid too much, overlooked prop-
erty problems, or bought in the wrong location.
A listing that has been on the market for a long time could indicate a problem.
Is the listing not selling because it's priced too high and the seller is stuck un-
reasonably at a high price?
Does the property have problems that can't be remedied for a reasonable
price? Or is the deferred maintenance so widespread that buyers are turned
off, particularly if the listing is priced too high for the market and the amount of
work that's required?
In some areas, it
could be none of
the above. The rea-
son the listing hasn't
sold could have to
do with a slow mar-
ket where it takes a
long time for listings
to sell, particularly if
they are at the high
end of the market.
CINCO DE MAYO AT OLVERA STREET | DOWNTOWN LA
Saturday and Sunday May 4-5, 2013—11:00am—9:00 pm
Celebration of Mexico’s victory over French forces in Puebla, Mexico in 1862, with popular
traditional music, exhibitor booths, dancing, and food.
THE REAL ESTATE RESOURCE ◊ RIVAS & ASSOCIATES ◊ SPRING 2013
PAST
RESIDENTIAL
SALES
PASADENA
ALTADENA
SOUTH PASADENA PRODUCT INTEREST RATE APR
30-YEAR FIXED 3.750% 3.925%
30-YEAR FIXED FHA 3.625% 4.686%
15-YEAR FIXED 2.875% 3.182%
5-YEAR ARM 2.250% 2.908%
JUMBO LOANS
30-YEAR FIXED 4.00% 4.130%
5-YEAR ARM 2.375% 2.907%
CURRENT MORTGAGE INTEREST RATES *rates as of 3/12/13
SPRING EVENTS
HOME BUYERS: DON’T LOWER YOUR STANDARDS BECAUSE HOMES ARE SCARCE
PASADENA HUMANE SOCIETY $20 MILLION
ANIMAL CARE CAMPUS UNDER CONSTRUCTION
CHERRY BLOSSOM FESTIVAL OF SOUTHERN CALIFORNIA
Little Tokyo District. Between Alameda and St. Pedro street, Los Angeles, 90013. 626-683-8243
This free event promotes and educates the culture of Americans of Japanese ancestry and the
Japanese culture through the celebration of cherry blossoms. The festival will feature a kimono
fashion show, traditional Japanese crafts and a Kids Zone which includes kids’ crafts and story-
telling
ARCADIA ESTATE TO BE 2013 SHOWCASE HOUSE OF DESIGN
WWW.SHOWCASE.ORG
The 2013 Pasadena Showcase House of Design will be held April 21-May 19, 2013. Tuesday, Saturday and Sunday 9-5:00pm | Wed, Thur, & Friday 9am-9:00pm
Established in 1903, the Pasadena Humane Society & SPCA is a non-profit organization that is dedicated to protect-
ing the welfare of all domestic and non-domestic animals. Some of the services that the Humane Society provides
include animal control, investigation of animal neglect and cruelty, adoptions, pet behavior training classes, and hu-
mane education.
The kennels and administration building for the Pasadena Humane society’s location on Raymond was originally
built in 1920’s and 1930’s. With donation support the facility was rebuilt in 1994, making it a very pleasant and
positive environment for visitors and staff. The clean and modern facilities allow the shelter animals to live stress
free so they may easily recover from the
circumstances from which they came, or
to remain adorable and adoptable.
Future goals for the humane society in-
clude zero euthanasia for population
control. Although not perfect, The Pasa-
dena Humane society has a high suc-
cess rate for their shelter animals, with
95-98% of adoptable animals finding a
home.
For more information about the Pasa-
dena humane society and spca visit:
www.pasadenahumane.org
In low-inventory markets that are now common in many areas of the country,
buyers might be prone to jump at a listing they wouldn't even consider if there
were a lot of homes for sale.
This desperate approach to homebuying could cause you problems down the
line when you need to sell and you realize you paid too much, overlooked prop-
erty problems, or bought in the wrong location.
A listing that has been on the market for a long time could indicate a problem.
Is the listing not selling because it's priced too high and the seller is stuck un-
reasonably at a high price?
Does the property have problems that can't be remedied for a reasonable
price? Or is the deferred maintenance so widespread that buyers are turned
off, particularly if the listing is priced too high for the market and the amount of
work that's required?
In some areas, it
could be none of
the above. The rea-
son the listing hasn't
sold could have to
do with a slow mar-
ket where it takes a
long time for listings
to sell, particularly if
they are at the high
end of the market.
CINCO DE MAYO AT OLVERA STREET | DOWNTOWN LA
Saturday and Sunday May 4-5, 2013—11:00am—9:00 pm
Celebration of Mexico’s victory over French forces in Puebla, Mexico in 1862, with popular
traditional music, exhibitor booths, dancing, and food.
WANT TO KEEP UPDATED WITH WHAT’S GOING ON WITH THE HOMES AND LIFESTYLE OF PASADENA AND LOS ANGELES COUNTY?
LOS ANGELES COUNTY WWW.LAHOMESANDLIFESTYLE.COM
PASADENA WWW.PASADENAHOMESANDLIFESTYLE.COM
*********ECRWSSEDDM****
Postal Customer
City, State 5-Digit ZIP Code
RIVAS & ASSOCIATES JOHN AAROE GROUP BEVERLY HILLS | SHERMAN OAKS | SUNSET STRIP | PASADENA | DOWNTOWN
Join us on facebook
Facebook.com/RivasAndAssociates
Visit our real estate channel
Youtube.com/RivasAndAssociates
RAMIRO & ERICA ARE SUPPORTERS OF THE PASADENA HUMANE SOCIETY & ASPCA
The Pasadena Humane Society & SPCA is a non-profit organization that is dedicated to protecting the welfare of all domestic and non-domestic animals . 626-792-7151 . www.PasadenaHumane.org
The most common breed of dog at the Pasadena Hu-
mane Society is the Chihuahua, which at times makes up
as much as 40% of the dog population. To help reach
their goal of zero euthanasia of adoptable animals, PHS
now offers spay/neuter for Chihuahuas in their service
cities at no charge.
RAMIRO & ERICA RIVAS
JOHN AAROE GROUP
42 S. PASADENA AVE.
PASADENA, CA 91105 SELLING REAL ESTATE
SINCE 2003
RAMIRO & ERICA RIVAS
626-497-4606 [email protected]
JOHN AAROE GROUP
WANT YOUR HOME SOLD?
We have advanced marketing
techniques that will give your
home a competitive edge to
get it sold fast.
THINKING OF BUYING?
Considering buying while
interest rates are low?
We specialize in negotiating our
buyers the best offer.
WE REPRESENT:
◊ Selling of Architecturally
significant homes
◊ Selling of single family homes/
condos/lofts
◊ Buyer Representation
◊ Short Sale negotiation
◊ Leasing
◊ Commercial/Investment properties
THE REAL ESTATE
RAMIROANDERICA.COM
HOME PRICES HIT SIX YEAR HIGH
HOMES LISTED & SOLD BY
RAMIRO & ERICA . JOHN AAROE GROUP . INFO@RAMIROANDERICA .COM . 626-497-4606
SPRING 2013
111 S. DELACEY ST #318, PASADENA SOLD $470,000 762 N. MAR VISTA, PASADENA SOLD $825,000
U.S. home prices jumped by the most in 6 years this December. The last time prices
jumped this much was in August 2006, when the housing bubble was still inflating.
The recent incline in home sales has been primarily due to a low supply of available
homes and a rising demand. An increase in housing prices have also been helped
by other different factors in recent months, including increased sales of both new
homes and previously-owned houses, a drop in foreclosures, and near record low
mortgage rates. Prices rose last year in 46 of 50 states.
Steady increases in prices are helping fuel the housing recovery. They're encourag-
ing some people to sell homes and enticing would-be buyers to purchase homes
before prices rise further.
Most economists expect prices to keep rising this year. Sales of previously occupied
homes reached their highest level in five years for the 2012 year and will likely
keep growing.
Homebuilders, encouraged by rising interest from customers, broke ground on the
most new homes and apartments in four years last year, which is also boosting job
creation. Construction companies have added 98,000 jobs in the past four months,
the best hiring spree since the bubble burst in 2006.
70 N. CATALINA AVE, PASADENA SOLD $385,000 146 E. HARRIET ST, ALTADENA SOLD $385,000
