La Verne Real Estate Market Watch - January 6-12, 2012

La Verne Real Estate Market Watch - January 6-12, 2012

Market Watch

New Listing (12)
Price Change (5)
Back On Market (3)
Backup Offer (1)
Expired (1)
Pending (6)
Sold (4)

Okay, so once again we are starting a new year.  Happy New Year once again to all of you.  Here is this week's La Verne Real Estate Market Watch - and we're off and running!

This week there are 12 new listings which is a good sign that people are getting more and more confident in the real estate market.  Four sold and 6 went into escrow.  That's 4 homes that have new owners and 6 that will hopefully in a few weeks.  So home sales are happening in La Verne.

There are 3 that went back on the market and 1 that has gone into backup status.  Usually the homes that go back on the market are homes where the buyer has backed out for some reason and the seller has to start all over again.  Most recently the reason most buyers back out is because of the time it has been taking for the lenders to approve short sales.  To be fair, the lenders are working on it, but it hasn't helped much to this point.

You know, I try to be positive about the amount of price changes and this week I can.  It's not that many this week in La Verne with only 5.  Again, the banks change their minds on pricing sometimes and with only 5, I believe that's what has happened here.

I try to stay on top of my communities and be a local expert for all of them.  So 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