Archive for the ‘General’ Category
Prognosis Ridgecrest Market
November 27th, 2016 by Eloy Rodriguez
Note, market has substantially slowed down during turkey week and in general for the holidays. Could just be the ‘seasonal effect’. To what extent the elections will have on the market is unknown given uncertainty and rising interest rates. Ridgecrest exist in the middle of ‘nowhere’ because of the China Lake Naval base. It is the largest naval base in the country; curious given there are no bodies of water. It is dedicated to high tech innovative design; basic how to protect assets and kill people at a distance. The reports coming from the base and released to the public suggest that there will be a major increase of monies given the expectation of a reduction within the ‘standing military’ in favor of high tech, smart weaponry.
August 11th, 2016 by Eloy Rodriguez
Corelogic Reports Foreclosure Rate is the Lowest Since August 2007
BY RE-INSIDERON AUGUST 11, 2016
UN-US-Economy
The good news coming out of CoreLogic and RealtyTrac shows that foreclosure rates are back to housing-boom levels. Additionally, RealtyTrac also shows that more homeowners are keeping their homes out of foreclosure than ever before, down 17% from one year ago and the lowest level for any half-year period since RealtyTrac began tracking foreclosure starts in 2006. According to CoreLogic, these lower rates are being fueled by housing appreciation and rising employment levels.
Foreclosure inventory declined yet again in June, but completed foreclosures, while down from last year, increased from last month, according to CoreLogic, property information, analytics and data-enabled solutions provider.
CoreLogic’s June 2016 National Foreclosure Report showed the inventory declined 25.9% from last year, and completed foreclosures declined 4.9%. On the other hand, completed foreclosures increased 5.1% to 38,000 from last month.
For comparison, during the housing boom, completed foreclosures averaged 21,000 per month from 2000 to 2006.
Even though completed foreclosures increased from last month, foreclosure inventory still saw a monthly decline of 3.6%.
According CoreLogic’s report last month, May’s foreclosure inventory hit the lowest level in nearly nine years.
The foreclosure inventory is the number of homes at some stage of the foreclosure process while completed foreclosures show the total number of homes lost to foreclosure.
In June, the national foreclosure inventory included about 375,000, or 1%, of homes with a mortgage. This is down from last year when foreclosure inventory consisted of 507,000 homes, or 1.3%.
In fact, the foreclosure inventory rate is the lowest for any month since August 2007.
The number of mortgages in serious delinquency, those 90 days or more past due, in foreclosure or real estate owned, hit the lowest rate since September 2007. The serious delinquency rate decreased 21.3% annually. Now, 2.8% of homes are considered seriously delinquent.
The state with the highest number of completed foreclosures in the 12 months ending in June 2016 was Florida at 60,000, followed by Michigan at 47,000, Texas at 27,000, Ohio at 23,000 and California at 22,000. These states account for nearly 40% of all completed foreclosures nationally.
Are you seeing fewer foreclosure rates in your area? We’d love to hear from you.
Read the full article here:
Ridgecrest Real Estate Market Prediction
January 9th, 2016 by Eloy Rodriguez
Zillow predicts 93555 home values will rise 6.3% next year, compared to a 5.3% rise for Ridgecrest as a whole. Among 93555 homes, this home is 1.2% more expensive than the midpoint (median) home, and is priced 1.9% more per square foot.
Summary for Ridgecrest, 93555
January 8th, 2016 by Eloy Rodriguez
The median sales price for homes in ZIP code 93555 in Ridgecrest from Oct 15 to Dec 15 was $160,000 based on 99 sales. Compared to the same period one year ago, the median sales price increased 18.5%, or $25,000, and the number of sales decreased 9.2%. Average price per square foot for homes in 93555 was $105, an increase of 14.1% compared to the same period last year. There are currently 203 resale and new homes in ZIP code 93555 on Trulia, including 53 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 93555 was $154,993 for the week ending Dec 30, which represents an increase of 5.8%, or $8,512, compared to the prior week.
Hello world!
March 9th, 2013 by Eloy Rodriguez
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$275,000 : MLS # 1954894 in Ridgecrest5 beds, 3 full baths
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$249,000 : MLS # 1954891 in Ridgecrest3 beds, 2 full baths
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$219,900 : MLS # 1954890 in Ridgecrest3 beds, 2 full, 1 half baths
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$209,000 : MLS # 1954888 in Ridgecrest4 beds, 2 full baths
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$1,050 : MLS # 1954887 in Ridgecrest2 beds, 1 full, 1 half baths
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$259,500 : MLS # 1954883 in Ridgecrest4 beds, 2 full baths
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$55,000 : MLS # 1954882 in Ridgecrest0 beds, 0 baths
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$119,900 : MLS # 1954886 in Ridgecrest2 beds, 1 full bath
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$265,000 : MLS # 1954878 in Ridgecrest7 beds, 0 baths
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$265,000 : MLS # 1954877 in Ridgecrest7 beds, 0 baths
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$5,000 : MLS # 1954871 in Ridgecrest0 beds, 0 baths
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$169,900 : MLS # 1954876 in Ridgecrest3 beds, 1 full, 1 half baths
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$385,000 : MLS # 1954875 in Ridgecrest16 beds, 0 baths
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$275,000 : MLS # 1954874 in Ridgecrest4 beds, 2 full baths
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$515,000 : MLS # 1954880 in Ridgecrest0 beds, 9 half baths
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$374,900 : MLS # 1954869 in Ridgecrest3 beds, 2 full, 1 half baths
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$70,000 : MLS # 1954879 in Ridgecrest2 beds, 1 full bath
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$1,024 : MLS # 1954867 in Ridgecrest2 beds, 1 full bath
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$850 : MLS # 1954866 in Ridgecrest2 beds, 1 full bath
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$895 : MLS # 1954865 in Ridgecrest2 beds, 0 baths
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$895 : MLS # 1954864 in Ridgecrest2 beds, 0 baths
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$199,900 : MLS # 1954863 in Ridgecrest6 beds, 0 baths
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$174,900 : MLS # 1954862 in Ridgecrest3 beds, 2 full baths
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$79,999 : MLS # 1954861 in Ridgecrest2 beds, 2 full baths
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$3,300,000 : MLS # 1954858 in Ridgecrest0 beds, 0 baths
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$11,000 : MLS # 1954857 in Ridgecrest0 beds, 0 baths
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$700 : MLS # 1954855 in Ridgecrest2 beds, 0 baths
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$119,000 : MLS # 1954854 in Ridgecrest3 beds, 2 full baths
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$159,900 : MLS # 1954860 in Ridgecrest3 beds, 2 full baths
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$9,800 : MLS # 1954859 in Ridgecrest2 beds, 1 full bath
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$189,900 : MLS # 1954856 in Ridgecrest3 beds, 2 full baths
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$315,000 : MLS # 1954850 in Ridgecrest4 beds, 2 full baths
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$800 : MLS # 1954844 in Ridgecrest0 beds, 0 baths
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$60,000 : MLS # 1954847 in Ridgecrest0 beds, 0 baths
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$60,000 : MLS # 1954846 in Ridgecrest0 beds, 0 baths
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$186,000 : MLS # 1954845 in Ridgecrest3 beds, 2 full baths
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$65,000 : MLS # 1954838 in Ridgecrest3 beds, 2 full baths
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$1,700 : MLS # 1954836 in Ridgecrest4 beds, 2 full baths
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$110,000 : MLS # 1954835 in Ridgecrest3 beds, 1 full bath
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$275,000 : MLS # 1954834 in Ridgecrest3 beds, 2 full, 1 half baths
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$29,950 : MLS # 1954832 in Ridgecrest0 beds, 0 baths
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$29,950 : MLS # 1954831 in Ridgecrest0 beds, 0 baths
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$950 : MLS # 1954823 in Ridgecrest3 beds, 0 baths
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$154,000 : MLS # 1954833 in Ridgecrest3 beds, 1 full, 1 half baths
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$385,000 : MLS # 1954822 in Ridgecrest4 beds, 2 full baths
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$225,000 : MLS # 1954819 in Ridgecrest6 beds, 0 baths
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$1,250 : MLS # 1954818 in Ridgecrest3 beds, 2 full baths
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$214,900 : MLS # 1954814 in Ridgecrest3 beds, 2 full baths
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$35,000 : MLS # 1954830 in Ridgecrest0 beds, 0 baths
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$35,000 : MLS # 1954829 in Ridgecrest0 beds, 0 baths
See all Real estate in the 93555 zip code.
(all data current as of
8/14/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.