La Verne Real Estate Market Watch - February 8-14, 2012

La Verne Real Estate Market Watch - February 8-14, 2012

Market Watch

New Listing (8)
Price Change (11)
Back On Market (2)
Backup Offer (4)
Expired (2)
Pending (3)
Sold (1)

 

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

This week there are eight new listings, not a lot, but still an okay number.  Only one sold this week in La Verne, and that's not really a good sign for the city.  Three went into escrow which means that in approximately 30-60 days we should have three more that sold.  Again, not a great number for the La Verne Real Estate Market.

Two homes were placed back on the market and four 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 three that have gone into escrow makes the number of price changes in La Verne 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