California Homes Sales - February 2012

California Homes Sales - February 2012

Okay, so, the DQ News February Home Report has been released.  The California Home Report for February is quite interesting.  Now remember, all real estate is extremely local at this time - even down to the neighborhood.  While this report is statewide but still gives an great picture of what's actually happening in California.  

Approximately 29,630 condos and houses were sold in February.  Is that good you ask?  When compared with January that figure is up 5.4%.  However when compared with February of 2011, that's up 8.5%. This figure combines existing homes and new homes together.  More than half of these home sales were distressed properties.  So we are still seeing quite a few short sales and foreclosures which is projected to happen all the way through 2013.  

This information is good for home buyers.  Since all the homes are basically on sale, the interest rates are still very low even though they are starting to inch up.  Still, a loan at 4% interest is still better than what it had been before the beginning of this downslide.  Another reason it is better to buy now is that the inventory is shrinking as you can tell from the sale information above.  More of the existing home invetory is finally getting sold and soon there will be fewer and fewer choices for buyers.  Places like Las Vegas, for example, have very little inventory at this time and yet have a lot of buyers.  Basically, NOW is the time to buy.

 Home prices appears to have inceased slightly.  The month of February boasts a median home price of $239,000 which is up 1.3% from January 2012 and yet down 2% from the previous February.  However, if you purchase a home now with the expectation of owning it for at least five years, you should be able to recap your original purchase money and will probably have some equity as things start to edge back up.  Real estate is still a fantastic investment!

The average mortgage payment  in February was $901.  This average is slightly up from last month which makes sense when you conside the above percentage increase in the average purchase price.  

Buyers are really being smarter than they were at the start of this housing crisis.  Instead of just getting the most they can possibly get, they are being smart aand realistic about what they can afford.This average mortgage payment is really feasible for almost everyone you can think of.  And buyers are being more conscious and aware beforehand, making sure that the mortgage payment will not put them in dire straits.  Again, good for the buyers!

For more information you should click on the link provided above.

As always, if you want to buy, sell or lease real estate in the area, or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you. Call me for your free home market analysis! 

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell

San Dimas Real Estate Market Watch - March 9-16, 2012

San Dimas Real Estate Market Watch - March 9-16, 2012

Market Watch

New Listing (9)
Price Change (9)
Back On Market (2)
Backup Offer (2)
Expired (1)
Pending (10)
Sold (4)

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

This week there are nine new listings, which seems like an okay start for this peak selling time of the year.  Tis the season and all that! Four sold this week in San Dimas, and that's an okay number when compared with the amount of new listings. It simply means that twice as many are coming on the market for sale as are actually getting sold.  

Ten went into escrow which means that in approximately 30-60 days we should have ten more that sold.  Looks like the San Dimas Real Estate Market is picking up!  If you want to live in San Dimas, CA, now is the time to buy!  There are lots of homes to choose from, everything is at a discounted price and the interest rates are still down!

Two homes were placed back on the market and two 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.

This week there were nine price changes.  When you compare that with the number of new listings that people have to choose from, that's quite a lot of changes - one for every new listing this week.  And when you remember that most homes sell within the first ten days on the market, can you really afford to price your home too high right now?  I think not!

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

Glendora Real Estate Market Watch - March 9-16, 2012

Glendora Real Estate Market Watch - March 9-16, 2012

Market Watch

New Listing (13)
Price Change (12)
Back On Market (5)
Backup Offer (6)
Expired (3)
Pending (14)
Sold (6)

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

This week there are thirteen new listings, which seems like an amazing start for this peak selling time of the year.  Tis the season and all that!  Six sold this week in Glendora, and that's an okay number when compared with the amount of new listings. It simply means that twice as many are coming on the market for sale as are actually getting sold.  

Fourteen went into escrow which means that in approximately 30-60 days we should have fourteen more that sold.  Looks like the Glendora Real Estate Market is picking up!  If you want to live in Glendora CA, now is the time to buy!  There are lots of homes to choose from, everything is at a discounted price and the interest rates are still down!

Five homes were placed back on the market and six 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.

This week there were twelve price changes.  When you compare that with the number of new listings that people have to choose from, that's quite a lot of changes.  And when you remember that most homes sell within the first ten days on the market, can you really afford to price your home too high right now?  I think not!

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

Cute La Verne Home For Sale

Cute La Verne Home For Sale

Okay, so I have another new listing here in La Verne, CA.  It is a cute 3 bedroom 2 bathroom home with has been redecorated inside.  This home has an amazing covered patio area and the listing includes the hot tub which fits so nicely in with the decor. 

About a block away there is shopping including the new Von's (ya, there was an old Von's) and a few amazing restaurants like Pizza N Stuff and a great Thai place.  There's even a Ross in the same parking lot.

So if you're interested in this or other amazing La Verne Real estate opportunities, please don't hesitate to give me a call!

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

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

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

Market Watch

New Listing (10)
Price Change (12)
Back On Market (6)
Backup Offer (3)
Expired (3)
Pending (8)
Sold (5)

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

This week there are ten new listings, it seems to be picking up from this time last month when there were only eight.  Tis the season and all that!  Five sold this week in La Verne, and that's an okay number.  Eight went into escrow which means that in approximately 30-60 days we should have eight more that sold.  Looks like the La Verne Real Estate Market is picking up.

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.

This week there were twelve price changes.  With the shrinking inventory of homes to be sold, this is still a huge figure.  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

HIGHS AND LOWS - San Dimas, CA - March 6, 2012

HIGHS AND LOWS - San Dimas, CA - March 6, 2012

Okay, so here is today's report for the San Dimas, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     185,000

Highest Priced Home   $  2,100,000

Average   $     385,000

Active Listings   129

Sold This Week  5

New Listings This Week  8

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the SAN DIMAS REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in SAN DIMAS this week is $385,000 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 129 homes being actively marketed by Realtors for sale.  If you divide those 129 by the number of homes sold this week, in this case 5, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take nearly 26 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 8 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 26 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   182,250

Highest   $  429,500

Average   $ 269,000

Active Listings   34

Condos Sold This Week  1

New Listings This Week  1

So if the same holds true for CONDOS, then it would take approximately 34 weeks (or more because none closed sale this past week) to sell your condo or townhome.  And a buyer has 34 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in SAN DIMAS Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

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. 

Call me for your free home market analysis!

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

HIGHS AND LOWS - La Verne, CA - March 6, 2012

HIGHS AND LOWS - La Verne, CA - March 6, 2012

Okay, so here is today's report for the La Verne, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     195,000

Highest Priced Home   $  3,500,000

Average   $     475,000

Active Listings   132

Sold This Week  7

New Listings This Week  9

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the LA VERNE REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in LA VERNE this week is $475,000 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 132 homes being actively marketed by Realtors for sale.  If you divide those 132 by the number of homes sold this week, in this case 7, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take nearly 19 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likel

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 19 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   130,000

Highest   $  224,000

Average   $ 185,000

Active Listings   6

Condos Sold This Week  0

New Listings This Week  2

So if the same holds true for CONDOS, then it would take approximately 3 weeks (or more because none closed sale this past week) to sell your condo or townhome.  And a buyer has 6 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in LA VERNE Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

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. Call me for your free home market analysis!

**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

HIGHS AND LOWS - Glendora, CA - March 5, 2012

HIGHS AND LOWS - Glendora, CA - March 5, 2012

Okay, so here is today's report for the GLENDORA, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     210,000

Highest Priced Home   $  4,188,000

Average   $     399,900

Active Listings   141

Sold This Week  9

New Listings This Week  13

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the GLENDORA REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in GLENDORA this week is $399,900 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 190 homes being actively marketed by Realtors for sale.  If you divide those 190 by the number of homes sold this week, in this case 9, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take a little over 21 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 13 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 21 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   199,000

Highest   $ 429,000

Average   $ 300,000

Active Listings   17

Condos Sold This Week  3

New Listings This Week  1

So if the same holds true for CONDOS, then it would take approximately 5 weeks to sell your condo or townhome.  And a buyer has 17 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in GLENDORA Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

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. Call me for your free home market analysis!

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

HIGHS AND LOWS - Claremont, CA - March 5, 2012

HIGHS AND LOWS - Claremont, CA - March 5, 2012

Okay, so here is today's report for the CLAREMONT, CA Real Estate Market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     135,000

Highest Priced Home   $  4,000,000

Average   $     399,900

Active Listings   141

Sold This Week  9

New Listings This Week  21

WHAT THIS MEANS TO YOU:  You now have more information about what's happening with the CLAREMONT REAL ESTATE MARKET so you can make an informed decision on whether this city is right for you and if the prices fit into your budget.  The average price in CLAREMONT this week is $399,900 which is lower than before.  Prices have fallen just a little bit, but it looks like they are starting to stabilize in this area.

The other thing you can learn from this information is the saturation rate of the existing active real estate listings.  The saturation rate is determined by the amount of sales in a week and the number of listings available for sale.  So in this case, there are 141 homes being actively marketed by Realtors for sale.  If you divide those 141 by the number of homes sold this week, in this case 9, you have your saturation rate.  This means that if you placed your home on the market to sell you can expect it to take a little over 15 weeks to complete the sale of your home.  That is if no other listings come into the real estate marketplace during that time.  And we all know how likely that is, now don't we...  In fact this past week there were 21 new listings.

HOW THIS AFFECTS YOU:  If your price is competitive and your home is in relatively decent shape you can have it sold in as little as one day or as much or more than the 15 weeks.  It also depends on the agent you are using.  The more aggressive your agent's marketing plan is for your home, the more exposure your home gets and you can see that would have a great impact.  It truly helps to have an agent that has an existing web presence since most people start their home search online.  On the other hand, if you use someone who merely puts your home on the MLS and does nothing more, it will most likely take a little more time to sell.  

If you are a buyer, this means you have a large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   169,800

Highest   $ 612,998

Average   $ 359,000

Active Listings   14

Condos Sold This Week  1

New Listings This Week  0

So if the same holds true for CONDOS, then it would take approximately 14 weeks to sell your condo or townhome.  And a buyer has 14 to choose from right now.  It seems that during these trying economic times, people are really not doing much in the way of buying or selling condos.

Since I am local to the area, I work hard to be a local expert in CLAREMONT Real Estate.  The prices, the inventory and the trends so I can be a better agent for you.  However, it is not only real estate information that makes one a local expert.  There must also be knowledge of local events, schools and neighborhoods.

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. Call me for your free home market analysis!

**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