HIGHS AND LOWS - LA VERNE, SEPTEMBER 20, 2011

HIGHS AND LOWS - LA VERNE, SEPTEMBER 20, 2011

Okay, so here are the highs and lows of La Verne today.

SINGLE FAMILY HOMES

Highest Priced Home$ 3,500,000

Lowest Priced Home$    258,500

Average$    450,000

# Of Active Listings 96

Sold Homes This Week  2

WHAT THIS MEANS TO YOU:  You now have more information about what's happeing 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 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 96 homes being actively marketed by Realtors for sale.  If you divide those 96 by the number of homes sold this week, 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 48 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...

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 48 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.  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 bigger selection to choose from and you have a better chance right now of getting an offer accepted.

CONDOS/TOWNHOMES

Highest Priced Condo$ 359,890

Lowest Priced Condo$ 154,600

Average$ 225,000

# of Active Listings       6

Sold Condos This Week   1

So if the same holds true for CONDOS, then it would take approximately 6 weeks to sell your condo or townhome.  And a buyer only 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 a condo.

And, as always, if you have real estate questions or need to buy or sell a home, please feel free to call me, a local expert.  I will be honored to assist you.

LA VERNE LIVING!

Warmest Regards,
Linda K. Mayer,
Realtor, Office Manager  
License # 01767321
A Realtor you can Trust!
(626) 824-8927 Cell
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website

HIGHS AND LOWS - LA VERNE, CA - AUGUST 24, 2011

HIGHS AND LOWS - LA VERNE, CA - AUGUST 24, 2011

Okay, so here are the prices in LA VERNE, CA as of today, August 24, 2011.


Single Family Residence


Lowest Price        $  179,000
Highest Price       $3,500,000
Average              $    385,000
No. of Listings                 150
Sold this Week                    3

What this means to you: You have more information so you can make an informed decicion on whether LA VERNE is a good decision for your family and if the prices are within your grasp.

The other thing you can take away from this is the saturation rate.  The saturation rate is determined by the amount of sale in a week and the number of listings on the market.  So in this case, there are 150 homes currently listed.  If you divide those by the three sold this week, it means that it would take more than 50 weeks to sell everything already in the inventory if no more listings are put into the market place.   

How this affects you:  If you placed your home on the market today it could take as long as 12 months to sell your home or as little as a day.  This would depend on how competitive your price is, the condition of your home and the aggressiveness of your agent's marketing campaign.  If you are a buyer, there are more homes to choose from and you have a better chance of getting an offer accepted.



Condos and Townhomes
Lowest Price        $    67,900
Highest Price       $  359,900
Average              $   229,000
No. of Listings                 17
Sold this Week                  4


So the saturation of condos and townhomes is four weeks if nothing more comes onto the LA VERNE REAL ESTATE MARKET.


And, as always, if you have real estate questions or need to buy or sell a home, please feel free to call me, a local expert.  I will be 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

HIGHS AND LOWS - LA VERNE , AUGUST 10, 2011

HIGHS AND LOWS - LA VERNE , AUGUST 10, 2011

Okay, so here are the LA VERNE Highs and Lows for today, August 10, 2011.

SINGLE FAMILY RESIDENCES:

LOWEST:                             $150,000

HIGHEST:                             $3,500,000

AVERAGE:                           $439,000

# LISTINGS:                         148 ON MARKET

SOLD THIS WEEK:               3

What this means to you: You have more information so you can make an informed decicion on whether LA VERNE is a good decision for your family and if the prices are within your grasp.

The other thing you can take away from this is the saturation rate.  The saturation rate is determined by the amount of sale in a week and the number of listings on the market.  So in this case, there are 148 homes currently listed.  If you divide those by the three sold in one week, it means that it would take 49.3 weeks to sell everything already in the inventory if no more listings are put into the market place.

   

How this affects you:  If you placed your home on the market today it could take as long as nearly a year to sell your home or as little as a day.  This would depend on how competitive your price is, the condition of your home and the aggressiveness of your agent's marketing campaign.  If you are a buyer, there are more homes to choose from and you have a better chance of getting an offer accepted.

CONDOS AND TOWNHOMES:

LOWEST:                             $75,000

HIGHEST:                             $359,000

AVERAGE:                           $209,000

# LISTINGS:                         17 ON MARKET

SOLD THIS WEEK: 1     

     

So the saturation of condos and townhomes is 17 weeks if nothing more comes onto the LA VERNE REAL ESTATE MARKET.

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.

LA VERNE LIVING!

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 , JULY 22, 2011

HIGHS AND LOWS - LA VERNE , JULY 22, 2011  

Okay, so just another addendum to the REAL ESTATE MARKET WATCHsegments I've been doing:  In the future, this will be included in theMARKET WATCH blogs.  

SINGLE FAMILY HOMES

There are 105 Active Listings in LA VERNE as of today.

Highest Priced Home -  $3,500,000

Lowest Priced Home - $180,000

Average Home Price - $573,000  

CONDOS AND TOWNHOMES

There are 5 Active Listings in LA VERNE today.

Highest Priced Home is $209,000

Lowest Priced Home is $94,900

Average Priced Home is $171,000

You can see from this pricing that there are fabulous parts of LA VERNE, and then there are middle of the road portions.  But the upside is - THERE IS SOMETHING FOR EVERYBODY in LA VERNE!    

LA VERNE LIVING!

Warmest Regards,

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