LA VERNE REAL ESTATE MARKET WATCH - AUGUST 13-19, 2011
| Market Watch |
| New Listing (9) | |
| Price Change (14) | |
| Back On Market (5) | |
| Backup Offer (5) | |
| Expired (5) | |
| Pending (4) | |
| Sold (2) |
Okay, so this is another exciting week for real estate in LA VERNE. Nine new listings and two sold. A little bit different from the sister-city SAN DIMAS.
In SAN DIMAS there were more sold than coming onto the market. But as you can see here, quite the opposite is true. Only two home completed the sale process with nine new listings and five back on the market. This city is moving pretty slowly at getting rid of their inventory. This may be due to the banks timetable or other factors.
This week four went pending (into escrow) and five went into back up status (an offer was submitted to the bank) for a total of nine that should soon be going into escrow and closing sale. I say should because the different banks are different and take different amounts of time, allowing for buyers to back out or change their mind. That is why a good agent will take back up offers, in case the first buyer backs out.
Pricing. Wow, I can't say enough about an agent who knows how to price properly from the beginning. It is important for buyers and sellers alike to know just exactly what they are dealing with. So fourteen price changes is actually quite a lot especially right now.
And, as always, if you have real estate questions or need some help with selling or buying your home, turn to a local expert. Give me a call and I will be more than 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
Linda K. Mayer,
Realtor, Office Manager
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com
Linda's Website
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