Claremont Real Estate Market Watch - February 8-14, 2012

Claremont Real Estate Market Watch - February 8-14, 2012

 

Market Watch

New Listing (16)
Price Change (11)
Back On Market (6)
Backup Offer (3)
Expired (2)
Pending (4)
Sold (1)

 

Okay, so here are Claremont Real Estate Market statistics for this week - and they seem interesting!

This week there are sixteen new listings,which indicates that confidence is coming back.  Only one sold this week in Claremont, and that's not really a great sign.  Four went into escrow which means that in approximately 30-60 days we should have four more that sold.  Again, not a great number for the Claremont Real Estate Market.

Six homes were placed back on the market and three have moved into back up status.  Usually the homes that go back on the market are homes where the buyer has either had to wait too long and backed out of the deal, or can't get the loan they need to complete the purchase.  The banks have been working on the timing part, but the new procedures are not helping a lot yet.

The fact that there is only one house that sold and four that have gone into escrow makes the number of price changes in Claremont huge!  Eleven!  Wow, I think it's a skill that many agents need to work on and at this point we can't blame all of those changes on the banks as they are starting to be more reasonable.

I try to stay on top of the communities I serve and be a local expert for all of them.  So if you are interested in buying or selling a home, or if you simply have real estate questions, 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

LindaKMayer@live.com

Linda's Website