San Dimas Real Estate Market Watch - October 28-November 3, 2011

San Dimas Real Estate Market Watch - October 28-November 3, 2011

Market Watch

New Listing (12)

Price Change (10)

Back On Market (1)

Backup Offer (7)

Expired (3)

Pending (3)

Sold (13)

Okay, so it's been a bit since I wrote one of these - an almost three-week vacation will do that to you!  So, to get back in the swing of things, here's the San Dimas Real Estate Information for the last week.

It seems that the confidence of home sellers is coming back to the real estate marketplace.  This is shown by the 12 new listings that are new to the City of San Dimas.  This coupled with the fact that 13 homes were sold would tell one that the housing market in San Dimas is starting to pick up!

There are 3 pending homes - homes that have gone into escrow and 7 that have moved into back up status, meaning that they are working with one offer but are taking back up offers in case the first one doesn't work out.  This is a must in today's volatile real estate marketplace.  In fact I had one in escrow because the first buyer back out of the deal!  A good agent will take these offers so the seller doesn't waste a lot of time on one and then have to start over to get that property sold! 

I have to write yet another paragraph on pricing. I know it's tough in today's market, but ten price changes is quite a lot.  To be fair, banks are doing some of the price changes, raising and lowering prices according to the BPO's they receive or the investor input.  However, I am still seeing agents making mistakes on the pricing from the very beginning.  It matters from the start because it has been shownin a study I saw that a house will sell within the first ten days.  So you can see, if you lose those first ten days with a 'trial' price, you lose out on a good chunk of what will undoubtedly be the highest and best offer you will receive on your home.

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.

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