La Verne Real Estate Market Watch - September 24-30, 2011

LA VERNE REAL ESTATE MARKET WATCH, SEPTEMBER 24-30, 2011 

Market Watch

New Listing (10)
Price Change (10)
Back On Market (2)
Backup Offer (1)
Expired (3)
Pending (4)
Sold (5)

Okay, so here flows the information.  Ten new listings with five sold.  Looks like inventory is still strong in LA VERNE.  As a buyer this means that your choices in LA VERNE are picking up a bit.  Sellers, it means that the pricing of your home is extremely critical at this time.

In the City of LA VERNE this past week, there were ten price changes.  It's tough when a bank takes a long time to make up it's mind about sales.  The prices locally are continuing to change and sometimes that means price changes on the homes.  However, if you have a really good agent who knows how to price properly from the beginning, it should help you out quite a bit.  It also helps if they know how to get through a short sale, and every bank is different.  Those should be questions you ask your agent right from the get-go.

We have discussed "back on the market" before, but I think everyone could use a refresher on this subject.  These two homes have either been labeled as pending which means it was entered into escrow, or as back up offers only which means it had an offer that the bank was thinking about.  Like we have said perviously, the bank owned and short sales can take a few months.  This means that sometimes a buyer will cancel his offer or the bank can turn down the offer.  All this time leads to homes being changed to "back on the market".

There are two homes in backup status and four pending homes.  This could very well lead six new families shortly moving into their new home.  This is always exciting!

  And just a reminder,  this weekend (October 1 and 2) is the annual SAN DIMAS RODEO AND WESTERN DAYS.  You can read about it here.  SAN DIMAS is the next-door neighbor of LA VERNE.  Remember this while you're out looking for something to do this weekend.


If you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!


**All information is taken from the IMRMLS.


LA VERNE LIVING!

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website