IS It Still A Seller Market in San Dimas, CA

IS It Still A Seller Market in San Dimas, CA

Okay, so the last statistics have proven to you that it is definitely a SELLERS MARKET.  But the trend is continuing and even growing here in San Dimas, CA.  

Last week, there were a total of 5 new listings.  Less inventory means higher prices and makes it a sellers market.  When you compare this week's 5 to the 9 sold homes you can see that there aren't going to be many homes on the market for very long and will be sold for higher prices due to supply and demand.   

What does this mean to you if you want to sell?  This means that your home will be sold in a short period of time and many times will sell for more than the asking price.  Naturally, this doesn't mean that you can price your home high and expect the same results.  But that's another whole blog.  This whole environment can cause bidding wars which can make the price of your home increase by quite a bit.

There were no price changes, and 3 more have gone into back-up status.  Back-up status means that the home has an accepted offer but for some reason they are preparing in case the buyer backs out, or for some other reason like a short sale waiting on the bank's response.

When you figure in the 6 that went pending (into escrow), that's a whole lot more properties than came on the market this week.  

So, in recap, 6 pending, 9 sold, and 3 into back-up for a total of 18 homes off the market.  When you compare that to the measly 5 that came into the market, you can easily see why this is a sellers market in San Dimas, CA.

If you are thinking of selling in the SoCal 210 Corridor, please call me for a free home valuation during the month of May.  And if you have real estate question, or other real estate needs, please don't hesitate to call me. I will be honored to help you.

**All statistics are taking from the IMRMLS.

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,
Linda K. Mayer, Realtor, SRES
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
LindaKMayer@live.com 
Linda's Website (Home Search
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