Diamond Bar, CA Real Estate News

By Caroline Chai
(RE/MAX Realty 100)
Home buyers today are educated and press for time. Buyers prefer homes where they can just move-in and start enjoying life in their new homes. They will pay a premium for this. Houses with outdated decor will take longer to sell and sell at a deep discounted price depending how much modernization the house need. Only 5% of buyers can truly visualize how beautiful a home is past the outdated decor. For those 5% who can see the value past the so-so appearance, they will factor the cost of remodeling into the offering price. Most of the time, the cost of remodeling is exaggerated for conservative estimation. That is why houses with outdated decor are always sold at a deep discounted price. In order to fetch to top price, seller need to modernized their homes and keep up with the necessary ...
Comments 0
By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Montefino Condominium Homes of Diamond Bar, CaliforniaThe Montefino Condominium Homes of Diamond Bar offer an upscale living experience in the heart of Diamond Bar. Located off Diamond Bar Blvd. close to the 57 and 60 freeways makes a quick trip into the neighboring counties of Orange, San Bernardino and Riverside a breeze. The community pool is available for relaxation and play.      Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. Keisha Hosea and the KASI Homes team offer help to home buyers and home sellers throughout the Inland Empire. With a Master of Arts Degree in Marriage, Family and Child Counseling, Keisha has worked extensively with families and couples during difficult a...
Comments 1
By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Diamond Bar Home Sales May 2010 The months of supply of homes for sale is extremely low for single family homes in Diamond Bar. From May 2009 to May 2010 the supply of homes for sale has more than doubled. There is approximately  an 8.1 month supply of homes.  The supply and demand for single family homes  shows us that the supply is down 24% since this time last year, the demand for single family homes for sale is down 3%. With a diminished supply of homes in Diamond Bar, the market is moving quickly. Well priced homes in good condition do not stay on the market long.  Over the past year the median sales price has decreased by 9% since this same time last year.  Additionally,  since last May, the average days on the market has decreased by 22%. Homes remained on the market an average ...
Comments 2
By Caroline Chai
(RE/MAX Realty 100)
Ever wonder where is the most popular city for the rich to live in East San Gabriel Valley? The followings is a comparison chart of houses sold that are over 5000 sq ft from January 2010 to May 2010 in the area. City No. Sold Price Range Diamond Bar 7 $1.7M - $5.5M Walnut 3 $1.4M - $1.5M Claremont 3 $1.1M - $1.5M Hacienda Heights 2 $1.2M - $1.4M Chino Hills 2 $1.5M - $1.9M Whittier 2 $1.7M - $2.2M Rowland Heights 1 $1.7M Glendora 1 $1.5M All 7 properties sold in Diamond Bar are in the guard gated community of "The Country". It has the most expansive real estate and is the number one choice for the wealthy elite. Walnut and Claremont run 2nd with 3 properties sold in each city. With the new found wealth from China, about 40% of those transaction are sold all cash showing the financial st...
Comments 1
By Barbara Rounds
(Coldwell Banker Tri-Counties)
www.DiamondBarCenter.com This new website features information about the 22,500 square foot facility in Summitridge Park.
Comments 0
By Barbara Rounds
(Coldwell Banker Tri-Counties)
Celebrate with Friends & Family. Free entry. Fun starts at 5:00pm Diamond Bar High School 21400 Pathfinder Rd, Diamond Bar  Celebration includes: *Face painting *Food Vendors *Fireworks, Show starts at 9:00pm ~ Bring your blankets & chairs enjoy the show!
Comments 0
By Barbara Rounds
(Coldwell Banker Tri-Counties)
 Conservative RatiosAggressive Ratios Debt Ratio 28 / 36 28 / 36 33 / 38 35 / 41 42 / 42 45 / 45 Down Payment 5 %   10 %   20 %   5 %   10 %   20 %   Max Property Value $154,885   $164,998   $213,532   $187,153   $206,248   $271,021   Down Payment Amount $7,744   $16,500   $42,706   $9,358   $20,625   $54,204   Monthly Payment $882   $890   $1,024   $1,066   $1,113   $1,300   Property Tax (1) $161   $172   $222   $195   $215   $282   Property Insurance (1) $39   $41   $53   $47   $52   $68   PMI (2) $118   $97   $0   $142   $121   $0   Association/Misc Fees $0   $0   $0   $0   $0   $0   Total Housing Payment $1,200   $1,200   $1,300   $1,450   $1,500   $1,650  
Comments 1
By Barbara Rounds
(Coldwell Banker Tri-Counties)
Date 2/09 3/09 4/09 5/09 6/09 7/09 8/09 9/09 10/09 11/09 12/09 1/10 2/10 3/10 4/10 For Sale 217 205 193 149 140 161 152 158 135 130 116 131 152 153 183 New Listing 54 75 65 81 75 109 63 71 71 66 49 65 93 109 107 Sold 27 43 29 44 71 64 52 56 43 59 48 35 28 54 59 Pended 37 48 44 72 64 62 57 46 63 52 44 41 56 74 70 Months of Inventory (Closed Sales) 8 4.8 6.7 3.4 2 2.5 2.9 2.8 3.1 2.2 2.4 3.7 5.4 2.8 3.1 Months of Inventory (Pended Sales) 5.9 4.3 4.4 2.1 2.2 2.6 2.7 3.4 2.1 2.5 2.6 3.2 2.7 2.1 2.6 Absorption Rate (Closed Sales) % 12.4 21 15 29.5 50.7 39.8 34.2 35.4 31.9 45.4 41.4 26.7 18.4 35.3 32.2 Absorption Rate (Pended Sales) % 17.1 23.4 22.8 48.3 45.7 38.5 37.5 29.1 46.7 40 37.9 31.3 36.8 48.4 38.3 Avg. Active Price 799 867 839 883 874 791 811 765 742 709 715 693 687 709 686 Avg. Sol...
Comments 0
As of May 18th, 57% of state fund for first time homebuyers has been allocated 18 days after the program starts on May 1st. For first time homebuyers claiming for state tax credit, it has to be filed within 2 weeks from closing escrow. This is the very last chance for first time homeowner to receive the $10,000 state tax credit, so hurry up before the fund runs out.
Comments 1
By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
Diamond Bar Luxury Home Sales April 2010 The months of supply of homes for sale is high for single family luxury homes ranging from $800,000 to 1,500,000 in Diamond Bar. From April 2009 to April 2010 the supply of homes for sale is down 64%. There is approximately  a 22 month supply of luxury single family homes in this home segment. The median sold price for homes in this luxury price range is $1,089,500. The median price of homes for sale in this segment in April 2010 was $1,094,000,  down 1% from April 2009. Since last April, the average days on the market has decreased by 65%. Luxury homes remained on the market an average of 139 days last April as opposed to 48 days this April.     The median sold price for homes in this luxury price range is $1,089,500. The median price of homes f...
Comments 0
By Caroline Chai
(RE/MAX Realty 100)
For buyer/renter who has been searching for a long time for their dream home and still can not find it, they may need to realistically look into their options. Most common problem I run into is buyer desires a home worth $500K with a budget of $400K. The solution to this is actually very simple. Here are 2 options: Option I: Lower the expectation of the house. Or... Option II: Increase the purchase price. There is always a gap between dream and reality. The sooner the buyer comes to term with the reality, the sooner they can find their "dream" home.
Comments 2
By Caroline Chai
(RE/MAX Realty 100)
Great news for California homeshoppers! A new 2010 state tax credit program providing eligible homebuyers with credits of up to $10,000 was recently enacted! That means if you qualify, purchase a home by April 30th and close escrow after May 1st and on or before June 30th to receive BOTH the new state and the existing federal tax credits, for a total of as much as $18,000! The state's $200 million program, split between first-time buyers and new units, might not get off to a peaceful start on May 1: Get ready for a stampede early on as some buyers rush to overlap with the federal tax credit. In 2009, the $100 million fund for the state credit lasted only four months. So if you are in the first time buyer shopping for a home, hurry so you will be eligible for both state and federal credi...
Comments 1
By Bill Desai
(Bill Desai Real Estate Services, Ontario, CA Lic. #01029863)
TAX CREDIT DIAMOND BAR CALIFORNIA Are you still waiting to decide to whether you should buy now or wait. Hear is one good reason you should act now. Besides the Federal Tax Credit the State of California is giving tax credit upto $10,000. For some reason if you can not take advantage of this credit you should let your friends, family and neighbors know and they will never forget you. Let your friends, family and neighbors know that State of California is giving upto $10,000 tax credit over three years to Home Buyers. The credit is a dollar-for-dollar reduction against the income tax due. Home Buyers must claim the tax credit in equal installments over three years beginning with the year of the purchase. One of the requirements to qualify is that the buyer must live in the home as their ...
Comments 0
By Caroline Chai
(RE/MAX Realty 100)
Buy a house in a good school district is one of the main reasons for family looking for a new home. I have compiled the following chart to assist buyers with school age children to factor the school info into their purchasing decision. The following is a chart of State's 2009 API school reports for Walnut, Diamond Bar, Phillips Ranch and Chino Hills. Elementary Jr. High High School Walnut (West) - Walnut School District C. J. Morris 875 Collegewood 902 Walnut 849 Westhoff 951 Vejar 893 Suzanne 915 Walnut 883 Walnut (East) - Rowland School District Oswalt 904 Ybarra 885 Rincon 756 Nogales 689 Rowland 795 Diamond Bar (South) (East) - Walnut School District Castle Rock 923 Evergreen 942 Maple Hill 902 Quail Summit 930 South Pointe 894 Chaparral 921 Diamond Bar 858 Diamond Bar (North) - Pom...
Comments 0
By Caroline Chai
(RE/MAX Realty 100)
If you need to sell your house and owe more than what the house is worth, you may consider a short sale. However, lenders do not sanction all short sale requests. You'll have to find out if you qualified for a short sale before you put your house on the market for sale. What are the qualifications for a short sale? I. Home Value is Less Than The Amount Owed The comparable sales must substantiate that the home value is less than the amount owe to the lender. II. Seller Has Fallen On Hard Time A hardship letter explaining the financial difficulty to the lender is required in the short sale package. Examples of hardship are: 1. Illness / medical emergency 2. Unemployment or lost of partial income 3. Divorce 4. Death 5. Bankruptcy III. Seller Has No Assets To Pay For The Shorted Difference ...
Comments 1
By Ed Tse
(richvalley)
Why Obama Wants High Home Prices I told you so, didn't I?    I've kept to point out that inflating housing price is the Washington's policy many times in the past 2 years.   Now you know that fact; but you still didn't dig out the real reason behind the scene.  Work harder to ask yourself more why, please, my friend.   Obama is working on an approach that I called "top down" method many times.  He eyes on the symptoms "shown up there" only and uses scientific "drugs" (man-made toxic substance) to control or depress the pains.  On the other hand, I am trying to use "bottom up" approach to cure the disease "deep down here" Naturally (not man-controlled and all nature essence) by market forces of Adam Smith. Well, don't blame the capitalist "Invisible Hand" not working since all the Washin...
Comments 1
You can attend Walnut Schools without residing in school district boundary by filling the lottery application. Senate Bill 680, the District of Choice measure, gives parents the option to decide which school district best serves the academic needs of their children. It is a lottery program that gives parents from other school district to apply for enrollment in the Walnut Schools. You need to submit the application by 12/31/09 and the chances are excellent according to the Walnut School District. Here's the process: I: Fill out the lottery application: Click here for the application form II: Drop off the application form to: Walnut Valley Unified School District 880 S. Lemon Avenue Walnut, CA 91789 (909) 595-1261, extension 31360 Housing costs a lot more with houses in Walnut Schools, t...
Comments 1
By Caroline Chai
(RE/MAX Realty 100)
Have you notice a lot of for rent signs on the street lately? Why are we having so many houses for rent this time of the year? Here are the 3 main reasons: 1. Investors move into the rental market: Since there are a lot of bargain buys of bank owned and short sale properties, investors are moving into the market to secure good deals and rent them out. 2. Quality renters make purchases: Quality renters with good credit and enough savings for down payment are buying now creating large quantities of available rentals. 3. Holiday seasons: Traditionally, very few people like to move during the holiday seasons especially from November to January. Rental activities do not normally resume again until March. Because of this, this time of the year is the best time for bargain conscience renters t...
Comments 0
By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
The months of supply of homes for sale is low for single family homes in Diamond Bar. From this time last year, the supply of homes for sale has decreased by 57%.     In the city of Diamond Bar over, since last September, the median sales price has decreased by 2%.  Additionally, this is not the only good news. Since last year, the average days on the market has increased by 21%. This means homes are on the market approximately 10 days longer. So what does all this mean for you? It means that there are many buyers looking in Diamond Bar, homes continue to  sell for close to the same price as this time last year but they are staying on the market a little longer than last year. Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She i...
Comments 0