This past year has came and gone and now 2012 is here. New goals and new visions are in place is here at FremontMortgage.net! Lets look at where the current Fremont mortgage & Fremont real estate market is compared to last year in January 2011.
We started last January of 2011 with the average mortgage rate of a 30 year fixed being around 4.70% – 4.80%. A huge market mover last year was all the talk of QE3 or Quantitative Easing from the FED. Part of the cause why the Bond Market prices dropped making interest rates skyrocket. Now, a year later, January 2012, the average mortgage rate is 3.88%…..WOW!!!! lol In terms of monthly savings, thats $210 on a $400,000 mortgage loan amount.
GET FREE MORTGAGE QUOTE HERE
SEE MORTGAGE CHART BELOW: FROM JAN 2011 – JAN 2012
Fremont real estate has moved in a very good direction, creating price and local market stability. The median sales price for a 3 bedroom in Fremont California has stayed between $448,000 and $400,000 year over year, according to Trulia Trends. Price difference mostly dependent on neighborhood and property condition. Home listing inventory has also dropped year over year.
The median sales price for homes in Fremont CA for Oct 11 to Dec 11 was $410,000. This represents a decline of 3.3%, or $14,000, compared to the prior quarter and a decrease of 10.9% compared to the prior year. Sales prices have depreciated 34.2% over the last 5 years in Fremont. The average listing price for Fremont homes for sale on Trulia was $559,513 for the week ending Jan 04, which represents an increase of 1.8%, or $9,997, compared to the prior week and an increase of 3.7%, or $19,863, compared to the week ending Dec 14. Average price per square foot for Fremont CA was $368, an increase of 14.3% compared to the same period last year. Popular neighborhoods in Fremont include Ardenwood, Niles, Northgate, Mission San Jose, Irvington, and Glenmoor.
Client testimonial
If you enjoyed this article, please consider sharing it!
