Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Capay Valley - Olive Press Facility

by

 

Capay Valley - Olive Press Facility is under development.  Building is up, County Road widen, and landscaping almost complete.

The Yolo County Planning Commission has approved a conditional use permit for Yocha Dehe Wintun Nation, allowing the development of a state-of-the-art olive mill for the region's farmers.  Construction has began.  The ground moved, building up and landscaping on its way to completion.

From what I understand the mill  will be the first of its kind in the United States, it is being custom-manufactured in Italy and will feature the latest technology and will preserve the most flavor and the greatest health benefits, the milling process will allow minimal exposure to the air. This process will create a unique, premium extra virgin olive oil that will be as fresh as possible when bottled.

The new Yocha Dehe olive mill will enable olives grown by the Tribe and local farmers to be pressed quickly after harvest, preserving the freshness critical for creating premium olive oils.  It will be interesting to watch this unravel...

Yolo County Market Trends

by

 

Date 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11
For Sale 567 537 509 486 451 453 460 458 460 483 488 461 439 330 297
New Listing 191 177 156 216 197 268 248 220 233 223 233 174 163 134 115
Sold 106 88 134 100 112 170 160 164 174 168 152 129 118 117 127
Pended 109 121 100 141 164 205 177 191 190 149 181 138 136 141 123
Months of Inventory based on Closed Sales 5.3 6.1 3.8 4.9 4.0 2.7 2.9 2.8 2.6 2.9 3.2 3.6 3.7 2.8 2.3
Months of Inventory based on Pended Sales 5.2 4.4 5.1 3.4 2.8 2.2 2.6 2.4 2.4 3.2 2.7 3.3 3.2 2.3 2.4
Absorption Rate based on Closed Sales (%) 18.7 16.4 26.3 20.6 24.8 37.5 34.8 35.8 37.8 34.8 31.1 28.0 26.9 35.5 42.8
Absorption Rate based on Pended Sales (%) 19.2 22.5 19.6 29.0 36.4 45.3 38.5 41.7 41.3 30.8 37.1 29.9 31.0 42.7 41.4
Avg. Active Price 351 340 318 319 321 347 362 375 372 364 352 360 364 357 340
Avg. Sld Price 257 265 261 255 261 252 286 283 297 281 287 283 239 237 267
Avg. Sq. Ft. Price 144 139 141 133 140 140 151 151 150 149 152 155 137 128 137
Sold/List Diff. % 98 98 96 98 97 97 98 98 97 98 97 97 95 98 98
Sold/Orig LP Diff. % 93 94 92 94 91 90 94 96 93 95 95 93 93 93 94
Days on Market 69 70 83 72 77 95 82 56 57 67 56 59 59 85 70
Avg CDOM 87 86 111 77 109 111 105 72 86 78 64 75 69 107 84
Median Price 228 234 236 229 230 225 240 220 235 230 229 235 200 205 225
*All reports are published Jan. 2012, based on data available at the end of Dec. 2011. 
All reports presented are based on data supplied by the Metrolist MLS. The Metrolist MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Metrolist MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

3 Reasons the Term “Strategic Default” Is Misleading

by Linda Pillard

 

3 Reasons the Term “Strategic Default” Is Misleading

In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth).

Now that more than one in four American homeowners is “underwater,” I feel that it’s important for the community to know the truth about strategic default.

The truth is the foreclosure process carries with it credit issues, current and future employment challenges, issues with security clearance and possible debt collections.

That’s why it is vital to explain the 3 reasons why the term “strategic default” is misleading:

1.     There’s nothing strategic about defaulting on purpose, especially when you have options like short sales, mortgage modifications, and refinance (just to name a few) that may keep you from foreclosure.

2.     The waiting periods to apply for a new mortgage loan are at least five years less in a short sale vs. a foreclosure.

3.     A foreclosure will show up on your credit report every time you apply for a home loan, car loan, new job, etc., and will affect your financial situation for many years to come.

If you are underwater and can no longer afford your mortgage payments, you need to create a genuine strategy to avoid foreclosure, helping to provide stability for you and our community.

If you have any questions about what steps you or someone you care about should take next, contact me today!

Displaying blog entries 1-3 of 3

Contact Information

Photo of Ken and Linda Pillard, ABR,CDPE,CNE,CRS,PCN,RLI,FS Real Estate
Ken and Linda Pillard, ABR,CDPE,CNE,CRS,PCN,RLI,FS
United Country - California Properties
(530) 713-6121
Fax: 530-658-5277

United Country Real Estate-Northern California, Specialty Property Groups:  Residential Homes, Country Homes,  Farm & Ranch, Horse Properties, Golf Properties, Mountain Properties, Victorians, Land. Also sell organic farms, conventional farms, land brokerage, Yolo County Horse Properties

      

Cal BRE #01208519