LA VERNE REAL ESTATE MARKET WATCH - JULY 2-8, 2011
| New Listing (8) | |
| Price Change (19) | |
| Back On Market (4) | |
| Backup Offer (3) | |
| Expired (5) | |
| Pending (5) | |
| Sold (9) |
Okay, so I was on vacation last week and was not able to do our weekly market watch. So I apologize for being away, but we had a good time on our much-needed holiday!
These past seven days in LA VERNE, there were eight new listings. That's pretty good considering that nine closed. So we sold one more house than came onto the market. This is a good sign to me that things are finally starting to pick up and properties are actually beginning to close. YEA!
Along those lines, there were more pending and backup sales than homes that fell out and went back on the market. Eight pending/backup versus only four back on the market! Again, looks like things are turning for the better as far as getting sales closed and people into their new homes.
Then there's the recurring subject of the price changes. 19 OF THEM! Once again, I can't stress enough that you need to use an agent who knows how to properly price a home for sale. You can always find an agent who will tell you what you want to hear and price it your way. But that just leads to more time on the market and price reduction after price reduction. I also heard a statistic that most homes are sold within the first twelve days right now. So if you price it too high, you're going to miss the boat. And really, with the market declining, can you afford to lose even more money than if you had just priced it right the first time?
With all that being said, NOW is the perfect time to buy or sell! Buyers get the added benefit of lower prices and even though the seller may sell at a lower price, the new home they purchase will also be at that lowered amount, so it kind of evens out in the end.
Please feel free to call me with all our your Southern California Real Estate needs. I will be more than happy to help!
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