Glendora Real Estate Market Watch - February 7-13, 2012

Glendora Real Estate Market Watch - February 7-13, 2012

Market Watch

New Listing (14)
Price Change (11)
Back On Market (5)
Backup Offer (7)
Expired (4)
Pending (3)
Sold (6)

Okay, so here is this week's Glendora Real Estate Market Watch- and we're off and running!

This week there are 14 new listings which is a good sign that people are getting more and more confident in the real estate market.  Six sold and three went into escrow.  That's six homes that have new owners and three that will hopefully in a few weeks.  So home sales are happening in Glendora.

There are seven that went back on the market and five that have gone into backup status.  Usually the homes that go back on the market are homes where the buyer has backed out for some reason and the seller has to start all over again.  Most recently the reason most buyers back out is because of the time it has been taking for the lenders to approve short sales.  To be fair, the lenders are working on it, but it hasn't helped much to this point.

You know, I try to be positive about the amount of price changes abut sometimes it is tough.  This week in Glendora there were eleven which is actually quite a few when compared with the inventory.  

I try to stay on top of my communities and be a local expert for all of them.  So if you are interested in buying or selling a home or simply have questions about real estate, 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