SAN DIMAS REAL ESTATE MARKET WATCH, JULY 2-8, 2011
| New Listing (16) | |
| Price Change (15) | |
| Back On Market (3) | |
| Backup Offer (2) | |
| Expired (5) | |
| Pending (5) | |
| Sold (4) |
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!
Let's start out with new listings, shall we? Sixteen is a lot of new real estate listings coming into the marketplace, especially when only four homes actually closed escrow and have new families now. There are seven pending and back-up offers which means that those seveescrow last week and are back on the real estate market.
Then there's the recurring subject of the price changes. 16 OF THEM! Once again, I can't stress enough that you need to use an agent who knows how toproperly 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!
**All information is taken from the IMRMLS.
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