CLAREMONT REAL ESTATE MARKET WATCH - AUGUST 13-19, 2011

CLAREMONT REAL ESTATE MARKET WATCH - AUGUST 13-19, 2011

MARKET WATCH

New Listing (13)
Price Change (13)
Back On Market (3)
Backup Offer (2)
Expired (1)
Pending (6)
Sold (4)

Okay, so this is another exciting week for real estate in CLAREMONT.  There are 13 new listings and three back on the market.  That's sixteen new homes for the week.

As you can see here, more homes are coming into the real estate market than are being sold.  Only four homes completed the sale process with the sixteen homes coming onto the market, properties seem to be moving a little slow in CLAREMONT.  

This week six went pending (into escrow) and two went into back up status (an offer was submitted to the bank) for a total of eight that should soon be going into escrow and closing sale.  I say should because the different banks are different and take different amounts of time, allowing for buyers to back out or change their mind.  That is why a good agent will take back up offers, in case the first buyer backs out.

Pricing.  Wow, I can't say enough about an agent who knows how to price properly from the beginning.  It is important for buyers and sellers alike to know just exactly what they are dealing with.  So thirteen price changes is actually quite a lot especially right now.

And, as always, if you have real estate questions or need some help with selling or buying your home, turn to a local expert.  Give me a call and I will be more than honored to assist you.

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