Historic Homes Blog

Currently 9 listings in FLORAL PARK for sale - Average price is $841,877 and the Average days on market is 124 (Soon to be one more listing - stay tuned!)

Currently 18 listings in WEST FLORAL PARK for sale - Average price is $630,588 and the Average days on market is 93

Currently 32 listings in PARK SANTIAGO for sale - Average price is $558,288 and the Average days on market is 125

Currently 5 listings in FISHER PARK for sale - Average price is $740,560 and the Average days on the market is 58

In all 4 neighborhoods the Average price is $631,181 and the Average days on the market is 105. The range of Price in these neighborhoods is from $325,000 to $2,749,900.

In addition, there 2 spectacular Estate Homes for sale in Floral Park, one for $2.650,000 and one for $2,749,900 million! These are both completely unique and remarkable.

If you have been watching the interest rates lately, you have noted that they have been gradually creeping up. We did have a 1/4 point drop on Tuesday, but, by and large, rates have been on a consistent climb. As Laurie Manny has said, “Cheap rates may be a thing of the past” see http://www.longbeachrealestatehome.com/real-estate/Long-Beach-Mortgage-Information

Even with the new jumbo FHA, we are seeing buyers who just cannot qualify due to the interest rates.

If you or one of your friends are one of those who have been waiting to see the market “turn”, you might take note. The number of sales has been rising and the number of multiple offers is high and rates are rising. Sounds like a combination to push the prices up!!

Sales are really picking up throughout Southern California. We have seen this in Floral Park recently, and as I was reading Laurie Manny’s blog this morning, I noted that she also said things are really moving in Long Beach, see www.longbeachrealestate.com. Buyers have figured out that prices are at their lowest point in a long time and interest rates are beginning to rise. Those buyers who do not have their rates locked in may be surprised when they make a loan application.

Jeff Parks of Home Security Financial said he has seen a lot of volatility in the interest market right now, contact him at 714.809.3022 or jeffreyp@hsf.biz for more information rates and the mortgage market.

All that being said, this is the time to buy… before you miss the window of opportunity.

It was a delightful surprise to be asked to be interviewed by an Activerainblogger. Amanda was looking for veteran agents to comment on this market and real estate in general. It was amazing in reading it, some of the things that came to mind.

Check out this link to read the interview and I invite your comments. http://activerain.com/blogsview/526323/Interview-with-Sandy-De

The number of pending sales has increased drastically in the last month!! Stats and more information about this is noted in the CAR newsletter www.car.org article regarding the tremendous increase in “pending sales”. This is exciting news for sellers and also a little startling for buyers. It is almost commonplace now to have multiple offers with 3-4 offers on well priced homes. While a number of these are short sales and bank owned, the market is obviously changing and the investors coming back.

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