Inventory & Market Report – 5/17/08

Zip Codes: 91006, 91007

Current Market Listings as of May 17th, 2008*
Properties for Sale: 220 (+2)
Median Listing Price: $768,880 (-0.80%)

Weekly Foreclosure Update*
Properties in Foreclosure: 23 (+2)
Properties in Pre-Foreclosure: 65 (+4)
*+/- is compared to previous week’s data.

We want your feedback

Although AHB has been running for less than 4 full months, we have been contacted by several media outlets (large and small) inquiring about why we started this blog. The answer is simple:

We are local renters who have work and saved hard in order to purchase a home in Arcadia one day. Despite the buying frenzy between 2003 and 2006, we saw how far off home prices were compared to both historical and fundamental values. As this was the situation, SavedbyGrace and I created this simple website, Arcadia Housing Blog, to track real estate trends in the city of Arcadia and its adjoining neighbors.

With that in mind, I wanted to welcome our readers this week to provide their feedback regarding AHB. Are there any features or specific information you would like to see that could possibly enhance the quality of this blog, its content or even your user experience?

This is your home as much as it’s ours so please feel free to leave your suggestions in the comments section or email me at TheArcadian [at] arcadiahousingblog.com .

Property and foreclosure numbers obtained from U.S. Census, ZipRealty, Trulia, Yahoo Real Estate and Foreclosure.com. Market listings and price data obtained from DataQuick News.

Comments (12)

picpoule · May 18, 2008 #2453

If you have access to it, I think monthly reporting of average days on the market for homes that sold would be useful info.

TheArcadian · May 18, 2008

picpoule,

Good idea. Although I’m not sure how this data can be easily or quickly collected, I’ll look into it and see what we come up with.

Akr · May 18, 2008 #2456

This blog is great. I was hoping that someone would start a blog for Arcadia while visiting the more popular irvinehousingblog and then I found this.
I think this should be a place for people who are interested in the Arcadia real estate to get educated, share information and give suggestions. I hope this won’t become a totally bear biased blog.
Great work!

nobailout · May 19, 2008 #2472

great blog. I like it.

frank · May 20, 2008 #2473

I grew up in South Arcadia in the fifties and sixties, with a couple of years spent in Alhambra. I still think Arcadia is one of the prettiest areas of the San Gabriel valley, and I have always thought that the San Gabriel valley is head and shoulders above that “other valley”.

I am really pleased to read this blog, as it keeps me informed about real estate in my hometown.

Thanks

TheArcadian · May 20, 2008 #2474

I’m glad all of you enjoy this blog. We did not expect so many fellow Arcadians and SGV’ers to find our site!

cat · May 20, 2008 #2475

would be great if it expanded to cover listings in nearby sgv cities. other than that, love this blog…keep up the great work!

Columbia · May 20, 2008 #2476

Great blog. I’d echo cat’s comments. Maybe cover a bit of Temple City and San Marino occasionally? Also, what would be great is an general affordability picture overall for Arcadia every few weeks or so. Just so we can see the trends over time.

TheArcadian · May 20, 2008 #2477

Thank you for the tips! We will be working hard the next couple of weeks to implement these ideas. It seems like covering more of the SGV cities will be a big plus for everyone.

nobailout · May 21, 2008 #2488

Do you have any information for the bank-owned condo at 307 E Duarte Rd? I saw this condo every morning when I drove my son to school.

lazywill · May 28, 2008 #2600

i’ve been saving up for a few years for a house, didnt fall for the subprime 0-down interest loan bull-crap.

your blog is definitely educational and helpful for me to find out what are the key factors to consider whether a property is a bargain or just another WTF u-gotta-be-kidding-me “deal”. thx for the great work!

i’ve noticed that you guys are always commenting about how this house is overpriced or this seller is out of his/her mind… what about featuring some transactions that are actually reasonable or make sense? or perhaps you haven’t done so because they just don’t exist?

Cj · May 30, 2012 #408240

Do u think the prices will go down even more how abt the interest rates? We r right now shopping around for homes (pud ) in Arcadia n feel the prices are crazily high .