LA Real Estate Newsletter Spring 2013

Page 1

THE REAL ESTATE

HOMES LISTED & SOLD BY

SPRING 2013 RAMIRO & ERICA . JOHN AAROE GROUP . INFO@RAMIROANDERICA .COM . 626-497-4606

RAMIRO & ERICA ARE SUPPORTERS OF THE PASADENA HUMANE SOCIETY & ASPCA The Pasadena Humane Society & SPCA is a nonprofit organization that is dedicated to protecting the welfare of all domestic and non-domestic animals . 626-792-7151 . www.PasadenaHumane.org

RAMIROANDERICA.COM

RAMIRO & ERICA RIVAS JOHN AAROE GROUP 42 S. PASADENA AVE. PASADENA, CA 91105

The most common breed of dog at the Pasadena Humane 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.

Join us on facebook Facebook.com/RivasAndAssociates

SELLING REAL ESTATE SINCE 2003 RAMIRO & ERICA RIVAS

*********ECRWSSEDDM**** Postal Customer City, State 5-Digit ZIP Code

Visit our real estate channel Youtube.com/RivasAndAssociates

RIVAS & ASSOCIATES JOHN AAROE GROUP BEVERLY HILLS | SHERMAN OAKS | SUNSET STRIP | PASADENA | DOWNTOWN

JOHN AAROE GROUP

HOME PRICES HIT SIX YEAR HIGH 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.

762 N. MAR VISTA, PASADENA

SOLD $825,000

111 S. DELACEY ST #318, PASADENA

SOLD $470,000

Steady increases in prices are helping fuel the housing recovery. They're encouraging 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

WANT TO KEEP UPDATED WITH WHAT’S GOING ON WITH THE HOMES AND LIFESTYLE OF PASADENA AND LOS ANGELES COUNTY?

LOS ANGELES COUNTY PASADENA

626-497-4606 Info@RamiroAndErica.com 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

WWW.LAHOMESANDLIFESTYLE.COM WWW.PASADENAHOMESANDLIFESTYLE.COM


PAST PASADENA HUMANE SOCIETY $20 MILLION ANIMAL CARE CAMPUS UNDER CONSTRUCTION RESIDENTIAL Established in 1903, the Pasadena Humane Society & SPCA is a non-profit organization that is dedicated to protectSALES 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 humane 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 include zero euthanasia for population control. Although not perfect, The Pasadena Humane society has a high success rate for their shelter animals, with 95-98% of adoptable animals finding a home. For more information about the Pasadena humane society and spca visit: www.pasadenahumane.org

PASADENA

ALTADENA

SPRING EVENTS ARCADIA ESTATE TO BE 2013 SHOWCASE HOUSE OF DESIGN 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 WWW.SHOWCASE.ORG

HOME BUYERS: DON’T LOWER YOUR STANDARDS BECAUSE HOMES ARE SCARCE 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 property 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 unreasonably 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 reason the listing hasn't sold could have to do with a slow market where it takes a long time for listings to sell, particularly if they are at the high end of the market.

CURRENT MORTGAGE INTEREST RATES

CHERRY BLOSSOM FESTIVAL OF SOUTHERN CALIFORNIA

*rates as of 3/12/13

PRODUCT

INTEREST RATE

APR

30-YEAR FIXED 30-YEAR FIXED FHA

3.750% 3.625%

3.925% 4.686%

CINCO DE MAYO AT OLVERA STREET | DOWNTOWN LA

15-YEAR FIXED 5-YEAR ARM

2.875% 2.250%

3.182% 2.908%

Saturday and Sunday May 4-5, 2013—11:00am—9:00 pm

JUMBO LOANS

Celebration of Mexico’s victory over French forces in Puebla, Mexico in 1862, with popular traditional music, exhibitor booths, dancing, and food.

30-YEAR FIXED 5-YEAR ARM

4.00% 2.375%

4.130% 2.907%

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 storytelling

THE REAL ESTATE RESOURCE

SOUTH PASADENA

RIVAS & ASSOCIATES

SPRING 2013


PAST PASADENA HUMANE SOCIETY $20 MILLION ANIMAL CARE CAMPUS UNDER CONSTRUCTION RESIDENTIAL Established in 1903, the Pasadena Humane Society & SPCA is a non-profit organization that is dedicated to protectSALES 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 humane 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 include zero euthanasia for population control. Although not perfect, The Pasadena Humane society has a high success rate for their shelter animals, with 95-98% of adoptable animals finding a home. For more information about the Pasadena humane society and spca visit: www.pasadenahumane.org

PASADENA

ALTADENA

SPRING EVENTS ARCADIA ESTATE TO BE 2013 SHOWCASE HOUSE OF DESIGN 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 WWW.SHOWCASE.ORG

HOME BUYERS: DON’T LOWER YOUR STANDARDS BECAUSE HOMES ARE SCARCE 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 property 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 unreasonably 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 reason the listing hasn't sold could have to do with a slow market where it takes a long time for listings to sell, particularly if they are at the high end of the market.

CURRENT MORTGAGE INTEREST RATES

CHERRY BLOSSOM FESTIVAL OF SOUTHERN CALIFORNIA

*rates as of 3/12/13

PRODUCT

INTEREST RATE

APR

30-YEAR FIXED 30-YEAR FIXED FHA

3.750% 3.625%

3.925% 4.686%

CINCO DE MAYO AT OLVERA STREET | DOWNTOWN LA

15-YEAR FIXED 5-YEAR ARM

2.875% 2.250%

3.182% 2.908%

Saturday and Sunday May 4-5, 2013—11:00am—9:00 pm

JUMBO LOANS

Celebration of Mexico’s victory over French forces in Puebla, Mexico in 1862, with popular traditional music, exhibitor booths, dancing, and food.

30-YEAR FIXED 5-YEAR ARM

4.00% 2.375%

4.130% 2.907%

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 storytelling

THE REAL ESTATE RESOURCE

SOUTH PASADENA

RIVAS & ASSOCIATES

SPRING 2013


THE REAL ESTATE

HOMES LISTED & SOLD BY

SPRING 2013 RAMIRO & ERICA . JOHN AAROE GROUP . INFO@RAMIROANDERICA .COM . 626-497-4606

RAMIRO & ERICA ARE SUPPORTERS OF THE PASADENA HUMANE SOCIETY & ASPCA The Pasadena Humane Society & SPCA is a nonprofit organization that is dedicated to protecting the welfare of all domestic and non-domestic animals . 626-792-7151 . www.PasadenaHumane.org

RAMIROANDERICA.COM

RAMIRO & ERICA RIVAS JOHN AAROE GROUP 42 S. PASADENA AVE. PASADENA, CA 91105

The most common breed of dog at the Pasadena Humane 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.

Join us on facebook Facebook.com/RivasAndAssociates

SELLING REAL ESTATE SINCE 2003 RAMIRO & ERICA RIVAS

*********ECRWSSEDDM**** Postal Customer City, State 5-Digit ZIP Code

Visit our real estate channel Youtube.com/RivasAndAssociates

RIVAS & ASSOCIATES JOHN AAROE GROUP BEVERLY HILLS | SHERMAN OAKS | SUNSET STRIP | PASADENA | DOWNTOWN

JOHN AAROE GROUP

HOME PRICES HIT SIX YEAR HIGH 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.

762 N. MAR VISTA, PASADENA

SOLD $825,000

111 S. DELACEY ST #318, PASADENA

SOLD $470,000

Steady increases in prices are helping fuel the housing recovery. They're encouraging 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

WANT TO KEEP UPDATED WITH WHAT’S GOING ON WITH THE HOMES AND LIFESTYLE OF PASADENA AND LOS ANGELES COUNTY?

LOS ANGELES COUNTY PASADENA

626-497-4606 Info@RamiroAndErica.com 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

WWW.LAHOMESANDLIFESTYLE.COM WWW.PASADENAHOMESANDLIFESTYLE.COM


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