HIGHS AND LOWS - LA VERNE, CA - AUGUST 24, 2011

HIGHS AND LOWS - LA VERNE, CA - AUGUST 24, 2011

Okay, so here are the prices in LA VERNE, CA as of today, August 24, 2011.


Single Family Residence


Lowest Price        $  179,000
Highest Price       $3,500,000
Average              $    385,000
No. of Listings                 150
Sold this Week                    3

What this means to you: You have more information so you can make an informed decicion on whether LA VERNE is a good decision for your family and if the prices are within your grasp.

The other thing you can take away from this is the saturation rate.  The saturation rate is determined by the amount of sale in a week and the number of listings on the market.  So in this case, there are 150 homes currently listed.  If you divide those by the three sold this week, it means that it would take more than 50 weeks to sell everything already in the inventory if no more listings are put into the market place.   

How this affects you:  If you placed your home on the market today it could take as long as 12 months to sell your home or as little as a day.  This would depend on how competitive your price is, the condition of your home and the aggressiveness of your agent's marketing campaign.  If you are a buyer, there are more homes to choose from and you have a better chance of getting an offer accepted.



Condos and Townhomes
Lowest Price        $    67,900
Highest Price       $  359,900
Average              $   229,000
No. of Listings                 17
Sold this Week                  4


So the saturation of condos and townhomes is four weeks if nothing more comes onto the LA VERNE REAL ESTATE MARKET.


And, as always, if you have real estate questions or need to buy or sell a home, please feel free to call me, a local expert.  I will be honored to assist you.

Warmest Regards,
Linda K. Mayer,

Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website