San Dimas Real Estate Market Watch - January 5-11, 2012

San Dimas Real Estate Market Watch - January 5-11, 2012

Market Watch

New Listing (10)
Price Change (13)
Back On Market (3)
Backup Offer (1)
Expired (0)
Pending (6)
Sold (8)

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

This week there are ten new listings which is a good sign that people are getting more and more confident in the real estate market.  Eight sold and six went into escrow.  That's eight homes that have new owners and six that will hopefully in a few weeks.  So home sales are happening in San Dimas.

There are three that went back on the market and one 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.  If we only had ten new listings and yet there were thirteen price changes, that's a lot.  Again, the banks change their minds on pricing sometimes, but more often than not, the agents need to do a bit more research before they price the home in the first place.  Enough said.

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