Zip Codes: 91006, 91007
Current Market Listings as of April 26th, 2008*
Properties for Sale: 231(+9)
Median Listing Price: $779,000 (-2.5%)
Weekly Foreclosure Update*
Properties in Foreclosure: 24(+3)
Properties in Pre-Foreclosure: 64 (-2)
*+/- is compared to previous week’s data.
March numbers for Arcadia have been reported. Let’s take a look at how first quarter of 2008 fared.
2008 First Quarter Sales Report
|Date||Sold||Median Price||Change YOY|
Looking at the numbers above, I would say the following Craigslist post holds more truth than humor (formatted for punctuation and spelling):
$300,000 – SAVE 20-30% more on Foreclosures and Lender Owned.
Go ahead and deal with some private party home represented by someone else looking to get into your pockets and asking for top dollar because they think it’s still 2006. Or the homeowner owes way more than the house is worth. Just wait and watch as thousands of homes currently in the foreclosure process pop up everywhere and houses that were selling for $600-800k are selling for $300-400k.
You would have to be rich and don’t care or completely clueless to even consider purchasing a home on a regular listing at this time. WAIT-WAIT-WAIT just 5-6 more months and you will save an additional 20-30% off a market that has alreadt dropped 20-25% in the last 6 months.
-313 mockingbird ln. at eddy & munster