January 13, 2021
By Laurie Fahey
History & Fun Facts
Azusa is a city in the San Gabriel Valley, at the foot of the San Gabriel Mountains in Los Angeles County, California, United States, located 20 miles east of downtown Los Angeles.
Azusa is bordered by the San Gabriel Mountains range to the north, Irwindale to the west, the unincorporated community of Vincent to the southwest, Glendora and the unincorporated community of Citrus to the east, and Covina to the south. The A on the San Gabriel Mountains represents the city of Azusa and can be seen within a 30-mile radius.
Azusa stands for everything from A to Z in the U.S.A.” has been a phrase used to promote the city by organizations such as the Chamber of Commerce for many years. The place name “Azusa” dates to the Mexican Alta California era in the 19th century when Azusa was used to refer to the San Gabriel Valley and the San Gabriel River. It appears to have been derived from the Tongva place name Asuksagna. The area was part of the Tongva peoples’ (Gabrieleño Indians) homeland since at least 55 BC.
Azusa has 16 schools from (pre-school through high school), of which 1 is private and 15 are public.
Public School Ratings
|No of Schools||0||2||6||2||4||0||0||0||0||0|
Schools with highest ratings:
Victor F. Hodge Elementary: 5
Paramount Elementary: 5
Charles H. Lee Elementary: 5
Center Middle: 4
Azusa High: 5
Azusa population is reported to be 49,029 on 2010 census with a median age of 29.3 and the median income of $52,087.
Climate Comfort Index: 9.0 /10
Real Estate Market
|Single Family Residence||Condominium|
|Price Per Square Foot||$420||$354|
Here is the rental market in Laguna Beach:
|1 Bedroom||2 bedroom||3 bedroom||4 bedroom|
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Should I Wait For Housing To Crash Further Before I Buy A House? 3 Reasons The End of 2022 Could Be The Very Best Time To Jump In
Prices falling in expensive cities
In two-thirds of major regional housing markets — 98 out of 148 — prices continue to drop, especially in more expensive locations.
We may see expensive markets fall further, which if that happens sooner than later, would make it an excellent time to buy into an expensive market. This wouldn’t have registered as a possibility even a few months back.
It’s difficult to predict if this will happen. And if so, whether falling prices become offset by the federal interest rate hikes practically certain to arrive in the coming months.
The only way to know for sure is to wait until the latest rate hike sets in.
Meanwhile, keep in mind that — as with any investment — it’s best time to buy is usually when prices are low.
With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS article. M&M Membership...
The days of waiving contingencies such as appraisals and forgoing inspections are fading into the rearview mirror. Still, contract activity remains slightly competitive depending on your location.
At least 24% of buyers waived the inspection contingency in December 2022, according to the National Association of Realtors confidence survey, up from 16% a month prior and 19% one year ago. An additional 24% of buyers waived an appraisal contingency in December, up slightly from 16% in November and 21% a year ago.
Home inspection contingencies are particularly important because it can let you know if there’s a deal-breaking issue with the property before a purchase occurs. It can also help you negotiate repairs with the seller, which is becoming increasingly common in today’s market.
“If buyers have this short window to buy where they can get incentives to purchase, [they] would rather buy where they have an opportunity to really think about it, get an inspection, a financing contingency and not feel rushed,” Jeff Reynolds, broker at Compass and founder of UrbanCondoSpaces.com, told Yahoo Finance.