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