Highs and Lows - La Verne, CA, December 13, 2011

Highs and Lows - La Verne, CA, December 13, 2011

Okay, so here we go with the statistics in LA VERNE, CA.  I think for this month we will skip a lot of the explaination as it has been in all of the other past months and you can always call me with any questions. Short and to the point is not something I usually am, but let's pretend for now, shall we?

SINGLE FAMILY RESIDENCE

HIGHEST LISTING$  3,500,000

LOWEST LISTING$     229,900

AVERAGE PRICE$     399,000

ACTIVE LISTINGS 128

SOLD THIS WEEK                           8

NEW THIS WEEK                           9

Short summary:  If you compare this months highs and lows to last month, you will learn that the average price has dropped from $449,000 to approximately $399,000.  And last month there were only 3 sold during the week where we have risen to 8 for this week.  The listings coming into the LA VERNE REAL ESTATE MARKET PLACE are  5 new last month during this week and 9 during this past week.

CONDOS

HIGHEST LISTING        $    344,300

LOWEST LISTING$      75,000

AVERAGE PRICE$     220,000

ACTIVE LISTINGS               2

SOLD THIS WEEK                0

NEW LISTINGS THIS WEEK               1

What this shows compared to last month is that there were no sales of condos during this week in either month.  This week there is 1 new listings compared to last months none.  And the average price has gone up from $155,000 to approximately $220,000.

If you are interested in buying or selling 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
(909) 670-2711 Direct
LindaKMayer@live.com
Linda's Website

HIGHS AND LOWS - LA VERNE, CA - November 14, 2011

HIGHS AND LOWS - LA VERNE, CA - November 14, 2011

Okay, so here is today's report for the La Verne, CA real estate market.

SINGLE FAMILY RESIDENCE

Lowest Priced Home   $     189,000

Highest Priced Home   $  3,500,000

Average   $     449,000

Active Listings   136

Sold This Week  3

New Listings This Week  5

WHAT THIS MEANS TO YOU:  You now have more information about what's happening 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 last blog had the average price in LA VERNE at $465,000 and this week that average has dropped to $449,000.

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 136 homes being actively marketed by Realtors for sale.  If you divide those 136 by the number of homes sold this week, in this case three, 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 45 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...  In fact this past week there were five new listings.

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 45 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 large selection to choose from and you have a better chance right now of getting an offer accepted.  Not to mention that the average home price has dropped in the last month making you as they buyer able to afford a better home.

CONDOS AND TOWNHOMES

Lowest   $   73,000

Highest   $ 339,950

Average   $ 155,000

Active Listings   14

Condos Sold This Week  2

New Listings This Week  0

So if the same holds true for CONDOS, then it would take approximately 7 weeks to sell your condo or townhome.  And a buyer only has only 7 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 condos.

If you are interested in buying or selling or simply have questions about real estate, please feel free to contact me.  I will be more than happy to assist you!

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 - OCTOBER 10, 2011

HIGHS AND LOWS - LA VERNE, CA - OCTOBER 10, 2011


Okay, so here is today's report for the La Verne, CA real estate market.


SINGLE FAMILY RESIDENCE


Lowest Priced Home     $     189,000
Highest Priced Home    $  3,500,000
Average                         $     465,000
Active Listings                         141
Sold This Week                        8

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 141 homes being actively marketed by Realtors for sale.  If you divide those 141 by the number of homes sold this week, in this case eight, 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  17 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 17 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.  And in the past month or so, the inventory is increasing in size, so the statement that you have more choices is getting bigger by the week.   


CONDOS AND TOWNHOMES


Lowes                           $   73,000
Highest                         $ 349,900
Average                        $ 155,000
Active Listings                     18
Condos Sold This Week      0

So if the same holds true for CONDOS, then it would take approximately 18 weeks to sell your condo or townhome.  And a buyer only has 18 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 condos.

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.


**All information is taken from the IMRMLS.


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

Linda's Most Amazing Pizza Series #3

Linda's Most Amazing Pizza Series #3

Okay, so it's time for me to write another delicious pizza restaurant review!  I love doing these blogs and people seem to really enjoy reading them to get local ideas for great food.

This installment is about WAREHOUSE PIZZA in downtown La Verne.  And their website has interesting little tidbits like THE HISTORY OF PIZZA.  

My personal history of WAREHOUSE PIZZA  is that when I was in high school we used to go there quite a bit after school.  What a fun place for high school and college students to hang out.  And their location is conveniently locaed just down the block from University of La Verne.

Well, recently I had a couple of occasions to go to WAREHOUSE PIZZA.  And I got to remember my old high school days, the sights, the sounds, the smells... LOVED IT!  Not only is the pizza some of the best around, they have amazing bread sticks and salads.  Plus the hoagie sandwiches are to die for!  I love a good Italian!

But don't take my word for it, go HERE and read reviews or HERE and read more in depth reviews.  Everyone loves this place!  

So while you're searching the LA VERNE AREA for your new home, stop in to WAREHOUSE PIZZA and have lunch!  You definitely won't be sorry!

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